<SEC-DOCUMENT>0001292814-15-002837.txt : 20151124
<SEC-HEADER>0001292814-15-002837.hdr.sgml : 20151124
<ACCEPTANCE-DATETIME>20151124124703
ACCESSION NUMBER:		0001292814-15-002837
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		12
CONFORMED PERIOD OF REPORT:	20150930
FILED AS OF DATE:		20151124
DATE AS OF CHANGE:		20151124

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:		151251819

	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>siditr3q15_6k.htm
<DESCRIPTION>ITR - QUARTERLY FINANCIAL INFORMATION - SEPTEMBER 30, 2015 - CIA SIDERURGICA NACIONAL
<TEXT>

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<DIV><FONT size=1></FONT>&nbsp;</DIV>
<DIV align=center><FONT color=#000000 size=5 face="Times New Roman"><B>SECURITIES AND EXCHANGE COMMISSION </B></FONT></DIV>
<DIV align=center><FONT color=#000000 size=3 face="Times New Roman"><B>Washington, D.C. 20549 </B></FONT></DIV>
<DIV><FONT size=1></FONT>&nbsp;</DIV>
<HR align=center color=#000000 width="21%" noShade>
<DIV><FONT size=1></FONT>&nbsp;</DIV>
<DIV align=center><FONT color=#000000 size=5 face="Times New Roman"><B>FORM 6-K </B></FONT></DIV>
<DIV><FONT size=1></FONT>&nbsp;</DIV>
<DIV align=center><FONT color=#000000 size=3 face="Times New Roman">Report of Foreign Private Issuer<BR>
Pursuant to Rule 13a-16 or 15d-16 of the</FONT></DIV>
<DIV align=center><FONT color=#000000 size=3 face="Times New Roman">Securities Exchange Act of 1934</FONT></DIV>
<DIV><FONT size=1></FONT>&nbsp;</DIV>
<DIV align=center>
<DIV><FONT color=#000000 size=3 face="Times New Roman"><B>For the month of November 16, 2015</B></FONT></DIV><FONT color=#000000 size=3 face="Times New Roman"><B>Commission File Number 1-14732 </B></FONT></DIV>
<DIV><FONT size=1></FONT>&nbsp;</DIV>
<HR align=center color=#000000 width="21%" noShade>
<DIV><FONT size=1></FONT>&nbsp;</DIV>
<DIV align=center><FONT color=#000000 size=5 face="Times New Roman"><B>COMPANHIA SIDER&#218;RGICA NACIONAL </B></FONT></DIV>
<DIV align=center><FONT color=#000000 size=2 face="Times New Roman">(Exact name of registrant as specified in its charter) </FONT></DIV>
<DIV><FONT size=1></FONT>&nbsp;</DIV>
<DIV align=center></DIV>
<DIV align=center><FONT color=#000000 size=5 face="Times New Roman"><B>National Steel Company </B></FONT></DIV>
<DIV align=center><FONT color=#000000 size=2 face="Times New Roman">(Translation of Registrant's name into English)</FONT></DIV>
<DIV><FONT size=1></FONT>&nbsp;</DIV>
<DIV align=center><FONT color=#000000 size=3 face="Times New Roman"><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 color=#000000 size=2 face="Times New Roman">(Address of principal executive office)</FONT></DIV>
<DIV><FONT size=1></FONT>&nbsp;</DIV>
<P></P>
<DIV align=center><FONT color=#000000 size=3 face="Times New Roman">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 size=3 face="Times New Roman, Times, Serif">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>
<P></P>
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     <TD width="75%" colSpan=2><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE </FONT></B></TD>
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     <TD width="65%"><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>ITR &#8211;&#8211; </FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Quarterly</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> Financial </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Information</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> -</FONT><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>September</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> 30, 2015 &#8211; CIA SIDERURGICA NACIONAL</FONT></FONT></TD>
     <TD width="10%"><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face=Arial,sans-serif>Version:1</FONT></TD></TR></TABLE>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face="Times New Roman"></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%; TEXT-INDENT: 0.25in" align=right><FONT style="LINE-HEIGHT: 116%" face=arial,sans-serif><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=arial,sans-serif></FONT></B></FONT>&nbsp;</P>
<H1 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif>Table of Contents</FONT></B></H1>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>
<TR style="HEIGHT: 17pt">
     <TD style="BORDER-TOP: #bfbfbf 1pt solid; HEIGHT: 17pt; BORDER-BOTTOM: #bfbfbf 1pt dashed; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="88%">
<P style="MARGIN: 6pt 0in 3pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Company Information</FONT></B></P>
</TD>
     <TD style="BORDER-TOP: #bfbfbf 1pt solid; HEIGHT: 17pt; BORDER-BOTTOM: #bfbfbf 1pt dashed; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
<P style="MARGIN: 6pt 0in 3pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 17pt">
     <TD style="HEIGHT: 17pt; BORDER-BOTTOM: #bfbfbf 1pt dashed; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="88%">
<P style="MARGIN: 6pt 0in 3pt 14.2pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Capital Breakdown</FONT></P>
</TD>
     <TD style="HEIGHT: 17pt; BORDER-BOTTOM: #bfbfbf 1pt dashed; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
<P style="TEXT-ALIGN: right; MARGIN: 6pt 0in 3pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>1</FONT></P>
</TD></TR>
<TR style="HEIGHT: 17pt">
     <TD style="HEIGHT: 17pt; BORDER-BOTTOM: #bfbfbf 1pt dashed; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="88%">
<P style="MARGIN: 6pt 0in 3pt 14.2pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Cash Distribution</FONT></P>
</TD>
     <TD style="HEIGHT: 17pt; BORDER-BOTTOM: #bfbfbf 1pt dashed; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
<P style="TEXT-ALIGN: right; MARGIN: 6pt 0in 3pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>2</FONT></P>
</TD></TR>
<TR style="HEIGHT: 17pt">
     <TD style="HEIGHT: 17pt; BORDER-BOTTOM: #bfbfbf 1pt dashed; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="88%">
<P style="MARGIN: 6pt 0in 3pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Parent Company Financial Statements </FONT></B></P>
</TD>
     <TD style="HEIGHT: 17pt; BORDER-BOTTOM: #bfbfbf 1pt dashed; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
<P style="TEXT-ALIGN: right; MARGIN: 6pt 0in 3pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 17pt">
     <TD style="HEIGHT: 17pt; BORDER-BOTTOM: #bfbfbf 1pt dashed; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="88%">
<P style="MARGIN: 6pt 0in 3pt 14.2pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Balance Sheet &#8211; Assets</FONT></P>
</TD>
     <TD style="HEIGHT: 17pt; BORDER-BOTTOM: #bfbfbf 1pt dashed; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
<P style="TEXT-ALIGN: right; MARGIN: 6pt 0in 3pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>3</FONT></P>
</TD></TR>
<TR style="HEIGHT: 17pt">
     <TD style="HEIGHT: 17pt; BORDER-BOTTOM: #bfbfbf 1pt dashed; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="88%">
<P style="MARGIN: 6pt 0in 3pt 14.2pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Balance Sheet &#8211; Liabilities</FONT></P>
</TD>
     <TD style="HEIGHT: 17pt; BORDER-BOTTOM: #bfbfbf 1pt dashed; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
<P style="TEXT-ALIGN: right; MARGIN: 6pt 0in 3pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>4</FONT></P>
</TD></TR>
<TR style="HEIGHT: 17pt">
     <TD style="HEIGHT: 17pt; BORDER-BOTTOM: #bfbfbf 1pt dashed; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="88%">
<P style="MARGIN: 6pt 0in 3pt 14.2pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Statement of Income</FONT></P>
</TD>
     <TD style="HEIGHT: 17pt; BORDER-BOTTOM: #bfbfbf 1pt dashed; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
<P style="TEXT-ALIGN: right; MARGIN: 6pt 0in 3pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>5</FONT></P>
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     <TD style="HEIGHT: 17pt; BORDER-BOTTOM: #bfbfbf 1pt dashed; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="88%">
<P style="MARGIN: 6pt 0in 3pt 14.2pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Statement of Comprehensive Income</FONT></P>
</TD>
     <TD style="HEIGHT: 17pt; BORDER-BOTTOM: #bfbfbf 1pt dashed; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
<P style="TEXT-ALIGN: right; MARGIN: 6pt 0in 3pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>6</FONT></P>
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<TR style="HEIGHT: 17pt">
     <TD style="HEIGHT: 17pt; BORDER-BOTTOM: #bfbfbf 1pt dashed; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="88%">
<P style="MARGIN: 6pt 0in 3pt 14.2pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Statement of Cash Flows</FONT></P>
</TD>
     <TD style="HEIGHT: 17pt; BORDER-BOTTOM: #bfbfbf 1pt dashed; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
<P style="TEXT-ALIGN: right; MARGIN: 6pt 0in 3pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>7</FONT></P>
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     <TD style="HEIGHT: 17pt; BORDER-BOTTOM: #bfbfbf 1pt dashed; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="88%">
<P style="MARGIN: 6pt 0in 3pt 14.2pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Statement of Changes in Shareholders&#8217; Equity</FONT></B></P>
</TD>
     <TD style="HEIGHT: 17pt; BORDER-BOTTOM: #bfbfbf 1pt dashed; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
<P style="TEXT-ALIGN: right; MARGIN: 6pt 0in 3pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 17pt">
     <TD style="HEIGHT: 17pt; BORDER-BOTTOM: #bfbfbf 1pt dashed; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="88%">
<P style="MARGIN: 6pt 0in 3pt 28.35pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>1/1/2015 to 09/30/2015</FONT></P>
</TD>
     <TD style="HEIGHT: 17pt; BORDER-BOTTOM: #bfbfbf 1pt dashed; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
<P style="TEXT-ALIGN: right; MARGIN: 6pt 0in 3pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>9</FONT></P>
</TD></TR>
<TR style="HEIGHT: 17pt">
     <TD style="HEIGHT: 17pt; BORDER-BOTTOM: #bfbfbf 1pt dashed; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="88%">
<P style="MARGIN: 6pt 0in 3pt 28.35pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>1/1/2014 to 09/30/2014</FONT></P>
</TD>
     <TD style="HEIGHT: 17pt; BORDER-BOTTOM: #bfbfbf 1pt dashed; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
<P style="TEXT-ALIGN: right; MARGIN: 6pt 0in 3pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>10</FONT></P>
</TD></TR>
<TR style="HEIGHT: 17pt">
     <TD style="HEIGHT: 17pt; BORDER-BOTTOM: #bfbfbf 1pt dashed; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="88%">
<P style="MARGIN: 6pt 0in 3pt 14.2pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Statement of Value Added</FONT></P>
</TD>
     <TD style="HEIGHT: 17pt; BORDER-BOTTOM: #bfbfbf 1pt dashed; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
<P style="TEXT-ALIGN: right; MARGIN: 6pt 0in 3pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>11</FONT></P>
</TD></TR>
<TR style="HEIGHT: 17pt">
     <TD style="HEIGHT: 17pt; BORDER-BOTTOM: #bfbfbf 1pt dashed; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="88%">
<P style="MARGIN: 6pt 0in 3pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Consolidated Financial Statements</FONT></B></P>
</TD>
     <TD style="HEIGHT: 17pt; BORDER-BOTTOM: #bfbfbf 1pt dashed; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
<P style="TEXT-ALIGN: right; MARGIN: 6pt 0in 3pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 17pt">
     <TD style="HEIGHT: 17pt; BORDER-BOTTOM: #bfbfbf 1pt dashed; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="88%">
<P style="MARGIN: 6pt 0in 3pt 14.2pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Balance Sheet - Assets</FONT></P>
</TD>
     <TD style="HEIGHT: 17pt; BORDER-BOTTOM: #bfbfbf 1pt dashed; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
<P style="TEXT-ALIGN: right; MARGIN: 6pt 0in 3pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>12</FONT></P>
</TD></TR>
<TR style="HEIGHT: 17pt">
     <TD style="HEIGHT: 17pt; BORDER-BOTTOM: #bfbfbf 1pt dashed; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="88%">
<P style="MARGIN: 6pt 0in 3pt 14.2pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Balance Sheet - Liabilities</FONT></P>
</TD>
     <TD style="HEIGHT: 17pt; BORDER-BOTTOM: #bfbfbf 1pt dashed; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
<P style="TEXT-ALIGN: right; MARGIN: 6pt 0in 3pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>13</FONT></P>
</TD></TR>
<TR style="HEIGHT: 17pt">
     <TD style="HEIGHT: 17pt; BORDER-BOTTOM: #bfbfbf 1pt dashed; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="88%">
<P style="MARGIN: 6pt 0in 3pt 14.2pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Statement of Income</FONT></P>
</TD>
     <TD style="HEIGHT: 17pt; BORDER-BOTTOM: #bfbfbf 1pt dashed; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
<P style="TEXT-ALIGN: right; MARGIN: 6pt 0in 3pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>14</FONT></P>
</TD></TR>
<TR style="HEIGHT: 17pt">
     <TD style="HEIGHT: 17pt; BORDER-BOTTOM: #bfbfbf 1pt dashed; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="88%">
<P style="MARGIN: 6pt 0in 3pt 14.2pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Statement of Comprehensive Income</FONT></P>
</TD>
     <TD style="HEIGHT: 17pt; BORDER-BOTTOM: #bfbfbf 1pt dashed; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
<P style="TEXT-ALIGN: right; MARGIN: 6pt 0in 3pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>16</FONT></P>
</TD></TR>
<TR style="HEIGHT: 17pt">
     <TD style="HEIGHT: 17pt; BORDER-BOTTOM: #bfbfbf 1pt dashed; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="88%">
<P style="MARGIN: 6pt 0in 3pt 14.2pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Statement of Cash Flows</FONT></P>
</TD>
     <TD style="HEIGHT: 17pt; BORDER-BOTTOM: #bfbfbf 1pt dashed; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="12%">
<P style="TEXT-ALIGN: right; MARGIN: 6pt 0in 3pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>17</FONT></P>
</TD></TR>
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<P style="MARGIN: 6pt 0in 3pt 14.2pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Statement of Changes in Shareholders&#8217; Equity</FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 6pt 0in 3pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="MARGIN: 6pt 0in 3pt 28.35pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>1/1/2015 to 09/30/2015</FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 6pt 0in 3pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>19</FONT></P>
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<P style="MARGIN: 6pt 0in 3pt 28.35pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>1/1/2014 to 09/30/2014</FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 6pt 0in 3pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>20</FONT></P>
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<P style="MARGIN: 6pt 0in 3pt 14.2pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Statement of Value Added</FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 6pt 0in 3pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>21</FONT></P>
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<P style="MARGIN: 6pt 0in 3pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Comments on the Company&#8217;s Consolidated Performance</FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 6pt 0in 3pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>22</FONT></P>
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<P style="MARGIN: 6pt 0in 3pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Notes to the Individual and Consolidated Financial Information for the three and nine-month period ended September 30, 2015</FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 6pt 0in 3pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif><FONT style="FONT-SIZE: 10pt" face=Arial>34</FONT></FONT></P>
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<P style="MARGIN: 6pt 0in 3pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Reports and Statements</FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 6pt 0in 3pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="MARGIN: 6pt 0in 3pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Unqualified Independent Auditors&#8217; Review Report </FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 6pt 0in 3pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif><FONT style="FONT-SIZE: 10pt" face=Arial>85</FONT></FONT></P>
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     <TD width="75%" colSpan=2><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE </FONT></B></TD>
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<IMG src="x15111317003600.jpg" width=118 height=54>
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     <TD width="65%"><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>ITR &#8211;&#8211; </FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Quarterly</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> Financial </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Information</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> -</FONT><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>September</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> 30, 2015 &#8211; CIA SIDERURGICA NACIONAL</FONT></FONT></TD>
     <TD width="10%"><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face=Arial,sans-serif>Version:1</FONT></TD></TR></TABLE>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face="Times New Roman"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 14pt" color=white face="trebuchet ms,sans-serif"></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Company Information / Capital Breakdown</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=PT-BR style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="MARGIN: 6pt 0in 3pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Number of Shares</FONT></B></P>
<P style="MARGIN: 6pt 0in 3pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>(Units)</FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 6pt 0in 3pt" align=right><B><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>Current Quarter</FONT></B></P>
<P style="TEXT-ALIGN: right; MARGIN: 6pt 0in 3pt" align=right><B><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>09/30/2015</FONT></B></P>
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<P style="MARGIN: 6pt 0in 3pt"><B><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
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<TR style="HEIGHT: 14.2pt">
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<P style="MARGIN: 6pt 0in 3pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Paid-in Capital</FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 6pt 0in 3pt" align=right><B><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 14.2pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="33%">
<P style="MARGIN: 6pt 0in 3pt"><B><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
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<TR style="HEIGHT: 14.2pt">
     <TD style="HEIGHT: 14.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="34%">
<P style="MARGIN: 6pt 0in 3pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Common</FONT></B></P>
</TD>
     <TD style="HEIGHT: 14.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="33%">
<P style="TEXT-ALIGN: right; MARGIN: 6pt 0in 3pt" align=right><FONT style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>1,387,524,047</FONT></P>
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<P style="MARGIN: 6pt 0in 3pt"><B><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="MARGIN: 6pt 0in 3pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Preferred</FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 6pt 0in 3pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>0</FONT></P>
</TD>
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<P style="MARGIN: 6pt 0in 3pt"><B><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
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     <TD style="HEIGHT: 14.2pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="34%">
<P style="MARGIN: 6pt 0in 3pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Total</FONT></B></P>
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     <TD style="HEIGHT: 14.2pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="33%">
<P style="TEXT-ALIGN: right; MARGIN: 6pt 0in 3pt" align=right><FONT style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=arial,sans-serif>1,387,524,047</FONT></P>
</TD>
     <TD style="HEIGHT: 14.2pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="33%">
<P style="MARGIN: 6pt 0in 3pt"><B><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="MARGIN: 6pt 0in 3pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Treasury Shares</FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 6pt 0in 3pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="MARGIN: 6pt 0in 3pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="MARGIN: 6pt 0in 3pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Common</FONT></B></P>
</TD>
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<P style="TEXT-ALIGN: right; MARGIN: 6pt 0in 3pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>30,391,000</FONT></P>
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<P style="MARGIN: 6pt 0in 3pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD></TR>
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     <TD style="HEIGHT: 14.2pt; BORDER-BOTTOM: #bfbfbf 1pt dashed; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="34%">
<P style="MARGIN: 6pt 0in 3pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Preferred</FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 6pt 0in 3pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 14.2pt; BORDER-BOTTOM: #bfbfbf 1pt dashed; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="33%">
<P style="MARGIN: 6pt 0in 3pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 14.2pt">
     <TD style="HEIGHT: 14.2pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="34%">
<P style="MARGIN: 6pt 0in 3pt"><B><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>Total</FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 6pt 0in 3pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>30,391,000</FONT></P>
</TD>
     <TD style="HEIGHT: 14.2pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="33%">
<P style="MARGIN: 6pt 0in 3pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
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     <TD width="75%" colSpan=2><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE </FONT></B></TD>
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     <TD width="65%"><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>ITR &#8211;&#8211; </FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Quarterly</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> Financial </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Information</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> -</FONT><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>September</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> 30, 2015 &#8211; CIA SIDERURGICA NACIONAL</FONT></FONT></TD>
     <TD width="10%"><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face=Arial,sans-serif>Version:1</FONT></TD></TR></TABLE>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 8pt" face="Times New Roman"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 14pt" color=white face="trebuchet ms,sans-serif"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Company Information / Cash distribution</FONT></B></P>
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     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="21%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%" noWrap>&nbsp;</TD></TR>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>Event</FONT></B></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Approval</FONT></B></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Dividends</FONT></B></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Start date Payment</FONT></B></P>
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     <TD style="HEIGHT: 27pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Type of share</FONT></B></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Class of share</FONT></B></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Dividends per common share (R$/share)</FONT></B></P>
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     <TD style="HEIGHT: 5.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">&nbsp;</TD>
     <TD style="HEIGHT: 5.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%">&nbsp;</TD>
     <TD style="HEIGHT: 5.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">&nbsp;</TD>
     <TD style="HEIGHT: 5.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">&nbsp;</TD>
     <TD style="HEIGHT: 5.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">&nbsp;</TD>
     <TD style="HEIGHT: 5.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">&nbsp;</TD></TR>
<TR style="HEIGHT: 15pt">
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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>Meeting of Board of Directors</FONT></P>
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     <TD style="HEIGHT: 15pt; BORDER-BOTTOM: #a5a5a5 1pt dotted; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>03/11/2015</FONT></P>
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<P align=center><FONT lang=EN-US style="FONT-SIZE: 10pt" color=#000000 face=arial,sans-serif>Dividends</FONT></P>
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     <TD style="HEIGHT: 15pt; BORDER-BOTTOM: #a5a5a5 1pt dotted; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt" color=#000000 face=arial,sans-serif>03/19/2015</FONT></P>
</TD>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>Common</FONT></P>
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     <TD style="HEIGHT: 15pt; BORDER-BOTTOM: #a5a5a5 1pt dotted; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 15pt; BORDER-BOTTOM: #a5a5a5 1pt dotted; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>0.20263</FONT></P>
</TD></TR></TABLE></DIV>
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<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face=Arial>PAGE 2 of 86</FONT></P>
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     <TD width="75%" colSpan=2><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE </FONT></B></TD>
     <TD rowSpan=3 width="25%" align=right>
<IMG src="x15111317003600.jpg" width=118 height=54>
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     <TD width="65%"></TD>
     <TD width="10%"></TD></TR>
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     <TD width="65%"><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>ITR &#8211;&#8211; </FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Quarterly</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> Financial </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Information</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> -</FONT><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>September</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> 30, 2015 &#8211; CIA SIDERURGICA NACIONAL</FONT></FONT></TD>
     <TD width="10%"><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face=Arial,sans-serif>Version:1</FONT></TD></TR></TABLE>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 8pt" face="Times New Roman"></FONT>&nbsp;</P>
</DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 14pt" color=white face="trebuchet ms,sans-serif"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>
<TR style="HEIGHT: 16pt">
     <TD style="HEIGHT: 16pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="75%" colSpan=3 noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt" face=arial,sans-serif>Parent Company Statements / Balance Sheet - Assets</FONT></B></P>
</TD>
     <TD style="HEIGHT: 16pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="25%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 16pt">
     <TD style="HEIGHT: 16pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="55%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 12pt" face=arial,sans-serif>(In thousand of Reais)</FONT></B></P>
</TD>
     <TD style="HEIGHT: 16pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 16pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="25%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="22%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="33%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="45%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>As of</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 25.9pt">
     <TD style="HEIGHT: 25.9pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="22%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><I><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>Code</FONT></I></B></P>
</TD>
     <TD style="HEIGHT: 25.9pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="33%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><I><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>Description</FONT></I></B></P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 25.9pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>September 30, 2015</FONT></B></P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 20pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>December 31, 2014</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 13.7pt">
     <TD style="HEIGHT: 13.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="22%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>1</FONT></P>
</TD>
     <TD style="HEIGHT: 13.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="33%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Total assets</FONT></P>
</TD>
     <TD style="HEIGHT: 13.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>55,814,336</FONT></P>
</TD>
     <TD style="HEIGHT: 13.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="25%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>49,599,467 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 13.7pt">
     <TD style="HEIGHT: 13.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="22%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>1.01</FONT></P>
</TD>
     <TD style="HEIGHT: 13.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="33%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Current assets</FONT></P>
</TD>
     <TD style="HEIGHT: 13.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>9,868,283</FONT></P>
</TD>
     <TD style="HEIGHT: 13.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="25%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>8,692,821 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 13.7pt">
     <TD style="HEIGHT: 13.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="22%" noWrap>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>1.01.01</FONT></P>
</TD>
     <TD style="HEIGHT: 13.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="33%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Cash and cash equivalents</FONT></P>
</TD>
     <TD style="HEIGHT: 13.7pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>2,353,142</FONT></P>
</TD>
     <TD style="HEIGHT: 13.7pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="25%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>3,146,393 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 13.7pt">
     <TD style="HEIGHT: 13.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="22%" noWrap>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>1.01.02</FONT></P>
</TD>
     <TD style="HEIGHT: 13.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="33%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Short-term investments</FONT></P>
</TD>
     <TD style="HEIGHT: 13.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>627,418</FONT></P>
</TD>
     <TD style="HEIGHT: 13.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="25%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>0</FONT></P>
</TD></TR>
<TR style="HEIGHT: 13.7pt">
     <TD style="HEIGHT: 13.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="22%" noWrap>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>1.01.03</FONT></P>
</TD>
     <TD style="HEIGHT: 13.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="33%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Trade receivables</FONT></P>
</TD>
     <TD style="HEIGHT: 13.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>3,039,009</FONT></P>
</TD>
     <TD style="HEIGHT: 13.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="25%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>1,604,498 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 13.7pt">
     <TD style="HEIGHT: 13.7pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="22%" noWrap>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>1.01.04</FONT></P>
</TD>
     <TD style="HEIGHT: 13.7pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="33%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Inventories</FONT></P>
</TD>
     <TD style="HEIGHT: 13.7pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>3,210,222</FONT></P>
</TD>
     <TD style="HEIGHT: 13.7pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="25%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>3,036,799 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 13.7pt">
     <TD style="HEIGHT: 13.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="22%" noWrap>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>1.01.08</FONT></P>
</TD>
     <TD style="HEIGHT: 13.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="33%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Other current assets</FONT></P>
</TD>
     <TD style="HEIGHT: 13.7pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>638,492</FONT></P>
</TD>
     <TD style="HEIGHT: 13.7pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="25%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>905,131 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 13.7pt">
     <TD style="HEIGHT: 13.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="22%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>1.02</FONT></P>
</TD>
     <TD style="HEIGHT: 13.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="33%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Non-current assets</FONT></P>
</TD>
     <TD style="HEIGHT: 13.7pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>45,946,053</FONT></P>
</TD>
     <TD style="HEIGHT: 13.7pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="25%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>40,906,646 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 13.7pt">
     <TD style="HEIGHT: 13.7pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="22%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>1.02.01</FONT></P>
</TD>
     <TD style="HEIGHT: 13.7pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="33%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Long-term receivables</FONT></P>
</TD>
     <TD style="HEIGHT: 13.7pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>4,528,125</FONT></P>
</TD>
     <TD style="HEIGHT: 13.7pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="25%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>3,509,307 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 13.7pt">
     <TD style="HEIGHT: 13.7pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="22%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>1.02.01.06</FONT></P>
</TD>
     <TD style="HEIGHT: 13.7pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="33%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Deferred taxes</FONT></P>
</TD>
     <TD style="HEIGHT: 13.7pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>3,164,079</FONT></P>
</TD>
     <TD style="HEIGHT: 13.7pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="25%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>2,438,929 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 13.7pt">
     <TD style="HEIGHT: 13.7pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="22%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>1.02.01.09</FONT></P>
</TD>
     <TD style="HEIGHT: 13.7pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="33%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Other non-current assets</FONT></P>
</TD>
     <TD style="HEIGHT: 13.7pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>1,364,046</FONT></P>
</TD>
     <TD style="HEIGHT: 13.7pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="25%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>1,070,378 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 13.7pt">
     <TD style="HEIGHT: 13.7pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="22%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>1.02.02</FONT></P>
</TD>
     <TD style="HEIGHT: 13.7pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="33%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Investments</FONT></P>
</TD>
     <TD style="HEIGHT: 13.7pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>26,809,924</FONT></P>
</TD>
     <TD style="HEIGHT: 13.7pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="25%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>24,199,129 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 13.7pt">
     <TD style="HEIGHT: 13.7pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="22%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>1.02.03</FONT></P>
</TD>
     <TD style="HEIGHT: 13.7pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="33%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Property, plant and equipment</FONT></P>
</TD>
     <TD style="HEIGHT: 13.7pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>14,524,467</FONT></P>
</TD>
     <TD style="HEIGHT: 13.7pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="25%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>13,109,294 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 13.7pt">
     <TD style="HEIGHT: 13.7pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="22%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>1.02.04</FONT></P>
</TD>
     <TD style="HEIGHT: 13.7pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="33%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Intangible assets</FONT></P>
</TD>
     <TD style="HEIGHT: 13.7pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>83,537</FONT></P>
</TD>
     <TD style="HEIGHT: 13.7pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="25%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>88,916 </FONT></P>
</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 14pt" color=white face="trebuchet ms,sans-serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 14pt" color=white face="trebuchet ms,sans-serif"></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face=Arial>PAGE 3 of 86</FONT></P>
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     <TD width="75%" colSpan=2><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE </FONT></B></TD>
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<IMG src="x15111317003600.jpg" width=118 height=54>
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     <TD width="65%"><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>ITR &#8211;&#8211; </FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Quarterly</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> Financial </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Information</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> -</FONT><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>September</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> 30, 2015 &#8211; CIA SIDERURGICA NACIONAL</FONT></FONT></TD>
     <TD width="10%"><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face=Arial,sans-serif>Version:1</FONT></TD></TR></TABLE>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 8pt" face="Times New Roman"></FONT>&nbsp;</P>
</DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 14pt" color=white face="trebuchet ms,sans-serif"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>
<TR style="HEIGHT: 12.4pt">
     <TD style="HEIGHT: 12.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="84%" colSpan=3 noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt" face=arial,sans-serif>Parent Company Statements / Balance Sheet &#8211; Liabilities</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" noWrap>&nbsp;</TD></TR>
<TR style="HEIGHT: 12.4pt">
     <TD style="HEIGHT: 12.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="69%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 12pt" face=arial,sans-serif>(In thousand of Reais)</FONT></B></P>
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     <TD style="HEIGHT: 12.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" noWrap>&nbsp;</TD></TR>
<TR style="HEIGHT: 10pt">
     <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="54%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="31%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>As of</FONT></B></P>
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<TR style="HEIGHT: 20pt">
     <TD style="HEIGHT: 20pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>Code</FONT></B></P>
</TD>
     <TD style="HEIGHT: 20pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="54%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>Description</FONT></B></P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 20pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; TEXT-INDENT: -17.65pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>September 30, 2015</FONT></B></P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 20pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>December 31, 2014</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 10pt">
     <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="15%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>2</FONT></P>
</TD>
     <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="54%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Total liabilities</FONT></P>
</TD>
     <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>55,814,336</FONT></P>
</TD>
     <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>49,599,467</FONT></P>
</TD></TR>
<TR style="HEIGHT: 10pt">
     <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="15%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>2.01</FONT></P>
</TD>
     <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="54%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Current liabilities</FONT></P>
</TD>
     <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>5,737,112</FONT></P>
</TD>
     <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>5,630,365</FONT></P>
</TD></TR>
<TR style="HEIGHT: 10pt">
     <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="15%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>2.01.01</FONT></P>
</TD>
     <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="54%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Payroll and related taxes</FONT></P>
</TD>
     <TD style="HEIGHT: 10pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>217,516</FONT></P>
</TD>
     <TD style="HEIGHT: 10pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>165,718</FONT></P>
</TD></TR>
<TR style="HEIGHT: 10pt">
     <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="15%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>2.01.02</FONT></P>
</TD>
     <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="54%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Trade payables</FONT></P>
</TD>
     <TD style="HEIGHT: 10pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>1,436,787</FONT></P>
</TD>
     <TD style="HEIGHT: 10pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>1,390,311</FONT></P>
</TD></TR>
<TR style="HEIGHT: 10pt">
     <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="15%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>2.01.03</FONT></P>
</TD>
     <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="54%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Taxes payable</FONT></P>
</TD>
     <TD style="HEIGHT: 10pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>154,706</FONT></P>
</TD>
     <TD style="HEIGHT: 10pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>86,920</FONT></P>
</TD></TR>
<TR style="HEIGHT: 10pt">
     <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="15%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>2.01.04</FONT></P>
</TD>
     <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="54%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Borrowings and financing</FONT></P>
</TD>
     <TD style="HEIGHT: 10pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>2,835,432</FONT></P>
</TD>
     <TD style="HEIGHT: 10pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>2,720,235</FONT></P>
</TD></TR>
<TR style="HEIGHT: 10pt">
     <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="15%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>2.01.05</FONT></P>
</TD>
     <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="54%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Other payables</FONT></P>
</TD>
     <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>1,000,745</FONT></P>
</TD>
     <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>803,597</FONT></P>
</TD></TR>
<TR style="HEIGHT: 10.6pt">
     <TD style="HEIGHT: 10.6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="15%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>2.01.06</FONT></P>
</TD>
     <TD style="HEIGHT: 10.6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="54%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Provisions</FONT></P>
</TD>
     <TD style="HEIGHT: 10.6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>91,926</FONT></P>
</TD>
     <TD style="HEIGHT: 10.6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>463,584</FONT></P>
</TD></TR>
<TR style="HEIGHT: 10.6pt">
     <TD style="HEIGHT: 10.6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="15%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>2.01.06.01</FONT></P>
</TD>
     <TD style="HEIGHT: 10.6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="54%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Provision for tax, social security, labor and civil risks</FONT></P>
</TD>
     <TD style="HEIGHT: 10.6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>91,926</FONT></P>
</TD>
     <TD style="HEIGHT: 10.6pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>463,584</FONT></P>
</TD></TR>
<TR style="HEIGHT: 10pt">
     <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="15%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>2.02</FONT></P>
</TD>
     <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="54%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Non-current liabilities</FONT></P>
</TD>
     <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>46,460,767</FONT></P>
</TD>
     <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>38,272,634</FONT></P>
</TD></TR>
<TR style="HEIGHT: 10pt">
     <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="15%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>2.02.01</FONT></P>
</TD>
     <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="54%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Borrowings and financing</FONT></P>
</TD>
     <TD style="HEIGHT: 10pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>34,284,830</FONT></P>
</TD>
     <TD style="HEIGHT: 10pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>26,369,912</FONT></P>
</TD></TR>
<TR style="HEIGHT: 10pt">
     <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="15%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>2.02.02</FONT></P>
</TD>
     <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="54%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Other payables</FONT></P>
</TD>
     <TD style="HEIGHT: 10pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>9,476,799</FONT></P>
</TD>
     <TD style="HEIGHT: 10pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>9,818,512</FONT></P>
</TD></TR>
<TR style="HEIGHT: 10pt">
     <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="15%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>2.02.04</FONT></P>
</TD>
     <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="54%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Provisions</FONT></P>
</TD>
     <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>2,699,138</FONT></P>
</TD>
     <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>2,084,210</FONT></P>
</TD></TR>
<TR style="HEIGHT: 10pt">
     <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="15%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>2.02.04.01</FONT></P>
</TD>
     <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="54%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Provision for tax, social security, labor and civil risks</FONT></P>
</TD>
     <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>647,367</FONT></P>
</TD>
     <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>174,649</FONT></P>
</TD></TR>
<TR style="HEIGHT: 9.25pt">
     <TD style="HEIGHT: 9.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="15%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>2.02.04.02</FONT></P>
</TD>
     <TD style="HEIGHT: 9.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="54%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Other provisions</FONT></P>
</TD>
     <TD style="HEIGHT: 9.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>2,051,771</FONT></P>
</TD>
     <TD style="HEIGHT: 9.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>1,909,561</FONT></P>
</TD></TR>
<TR style="HEIGHT: 10pt">
     <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="15%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>2.02.04.02.03</FONT></P>
</TD>
     <TD style="HEIGHT: 10pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="54%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Provisions for environmental liabilities and asset retirement obligations</FONT></P>
</TD>
     <TD style="HEIGHT: 10pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>235,276</FONT></P>
</TD>
     <TD style="HEIGHT: 10pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>233,262</FONT></P>
</TD></TR>
<TR style="HEIGHT: 10pt">
     <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="15%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>2.02.04.02.04</FONT></P>
</TD>
     <TD style="HEIGHT: 10pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="54%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Pension and healthcare plan</FONT></P>
</TD>
     <TD style="HEIGHT: 10pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>587,767</FONT></P>
</TD>
     <TD style="HEIGHT: 10pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>587,740</FONT></P>
</TD></TR>
<TR style="HEIGHT: 10pt">
     <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="15%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>2.02.04.02.05</FONT></P>
</TD>
     <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="54%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Provision for losses on investments</FONT></P>
</TD>
     <TD style="HEIGHT: 10pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>1,228,728</FONT></P>
</TD>
     <TD style="HEIGHT: 10pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>1,088,559</FONT></P>
</TD></TR>
<TR style="HEIGHT: 10pt">
     <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="15%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>2.03</FONT></P>
</TD>
     <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="54%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Shareholders&#8217; equity</FONT></P>
</TD>
     <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>3,616,457</FONT></P>
</TD>
     <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>5,696,468</FONT></P>
</TD></TR>
<TR style="HEIGHT: 10pt">
     <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="15%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>2.03.01</FONT></P>
</TD>
     <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="54%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Paid-in capital</FONT></P>
</TD>
     <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>4,540,000</FONT></P>
</TD>
     <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>4,540,000</FONT></P>
</TD></TR>
<TR style="HEIGHT: 10pt">
     <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="15%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>2.03.02</FONT></P>
</TD>
     <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="54%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Capital reserves</FONT></P>
</TD>
     <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>30</FONT></P>
</TD>
     <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>30</FONT></P>
</TD></TR>
<TR style="HEIGHT: 10pt">
     <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="15%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>2.03.04</FONT></P>
</TD>
     <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="54%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Earnings reserves</FONT></P>
</TD>
     <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>846,908</FONT></P>
</TD>
     <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>1,131,298</FONT></P>
</TD></TR>
<TR style="HEIGHT: 10pt">
     <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="15%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>2.03.04.01</FONT></P>
</TD>
     <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="54%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Legal reserve</FONT></P>
</TD>
     <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>361,641</FONT></P>
</TD>
     <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>361,641</FONT></P>
</TD></TR>
<TR style="HEIGHT: 10pt">
     <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="15%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>2.03.04.02</FONT></P>
</TD>
     <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="54%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Statutory reserve</FONT></P>
</TD>
     <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>724,243</FONT></P>
</TD>
     <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>999,243</FONT></P>
</TD></TR>
<TR style="HEIGHT: 10pt">
     <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="15%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>2.03.04.09</FONT></P>
</TD>
     <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="54%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Treasury shares</FONT></P>
</TD>
     <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>-238,976</FONT></P>
</TD>
     <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>-229,586</FONT></P>
</TD></TR>
<TR style="HEIGHT: 10pt">
     <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="15%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>2.03.05</FONT></P>
</TD>
     <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="54%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Profit /Losses</FONT></P>
</TD>
     <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>-754,725</FONT></P>
</TD>
     <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>0</FONT></P>
</TD></TR>
<TR style="HEIGHT: 10pt">
     <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="15%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>2.03.08</FONT></P>
</TD>
     <TD style="HEIGHT: 10pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="54%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Other comprehensive income</FONT></P>
</TD>
     <TD style="HEIGHT: 10pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>-1,015,756</FONT></P>
</TD>
     <TD style="HEIGHT: 10pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>25,140</FONT></P>
</TD></TR>
<TR style="HEIGHT: 9.1pt">
     <TD style="HEIGHT: 9.1pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 9.1pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="54%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 9.1pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 9.1pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 9.1pt">
     <TD style="HEIGHT: 9.1pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 9.1pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="54%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 9.1pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 9.1pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face=Arial>PAGE 4 of 86</FONT></P>
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     <TD width="75%" colSpan=2><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE </FONT></B></TD>
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<IMG src="x15111317003600.jpg" width=118 height=54>
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     <TD width="65%"><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>ITR &#8211;&#8211; </FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Quarterly</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> Financial </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Information</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> -</FONT><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>September</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> 30, 2015 &#8211; CIA SIDERURGICA NACIONAL</FONT></FONT></TD>
     <TD width="10%"><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face=Arial,sans-serif>Version:1</FONT></TD></TR></TABLE>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 8pt" face="Times New Roman"></FONT>&nbsp;</P>
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<DIV align=left>
<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" cellSpacing=0 cellPadding=0 border=0>
<TR style="HEIGHT: 16.3pt">
     <TD style="HEIGHT: 16.3pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="100%" colSpan=7>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt" face=arial,sans-serif>Parent Company Statements / Statements of Income </FONT></B></P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt" face=arial,sans-serif>(In thousand of Reais)</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 24.85pt">
     <TD style="HEIGHT: 24.85pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Code</FONT></B></P>
</TD>
     <TD style="HEIGHT: 24.85pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="32%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Description</FONT></B></P>
</TD>
     <TD style="HEIGHT: 24.85pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%">&nbsp;</TD>
     <TD style="HEIGHT: 24.85pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Three months ended September 30, 2015</FONT></B></P>
</TD>
     <TD style="HEIGHT: 24.85pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Nine months ended September 30, 2015</FONT></B></P>
</TD>
     <TD style="HEIGHT: 24.85pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="14%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Three months ended September 30, 2014</FONT></B></P>
</TD>
     <TD style="HEIGHT: 24.85pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="13%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Nine months ended September 30, 2014</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 13.2pt">
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.05in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>3.01</FONT></P>
</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="32%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Net revenue from sales and/or services</FONT></P>
</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>3,118,708</FONT></P>
</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>9,047,587</FONT></P>
</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="14%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>3,092,336</FONT></P>
</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="13%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>9,812,948</FONT></P>
</TD></TR>
<TR style="HEIGHT: 13.2pt">
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.05in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>3.02</FONT></P>
</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="32%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Cost of sales and/or services </FONT></P>
</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-2,472,690</FONT></P>
</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-6,929,971</FONT></P>
</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="14%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-2,290,584</FONT></P>
</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="13%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-6,661,971</FONT></P>
</TD></TR>
<TR style="HEIGHT: 13.2pt">
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.05in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>3.03</FONT></P>
</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="32%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Gross profit</FONT></P>
</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>646,018</FONT></P>
</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>2,117,616</FONT></P>
</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="14%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>801,752</FONT></P>
</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="13%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>3,150,977</FONT></P>
</TD></TR>
<TR style="HEIGHT: 13.2pt">
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.05in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>3.04</FONT></P>
</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="32%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Operating (expenses)/income</FONT></P>
</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>2,232,150</FONT></P>
</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>2,485,689</FONT></P>
</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="14%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>772,653</FONT></P>
</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="13%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-343,970</FONT></P>
</TD></TR>
<TR style="HEIGHT: 13.2pt">
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.05in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>3.04.01</FONT></P>
</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="32%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Selling expenses</FONT></P>
</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-185,331</FONT></P>
</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-479,481</FONT></P>
</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="14%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-113,556</FONT></P>
</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="13%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-324,964</FONT></P>
</TD></TR>
<TR style="HEIGHT: 13.2pt">
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.05in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>3.04.02</FONT></P>
</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="32%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>General and administrative expenses</FONT></P>
</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-96,783</FONT></P>
</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-272,153</FONT></P>
</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="14%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-92,761</FONT></P>
</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="13%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-279,520</FONT></P>
</TD></TR>
<TR style="HEIGHT: 13.2pt">
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.05in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>3.04.04</FONT></P>
</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="32%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Other operating income</FONT></P>
</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>16,403</FONT></P>
</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>28,672</FONT></P>
</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="14%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>2,537</FONT></P>
</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="13%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>12,366</FONT></P>
</TD></TR>
<TR style="HEIGHT: 13.2pt">
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.05in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>3.04.05</FONT></P>
</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="32%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Other operating expenses</FONT></P>
</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-102,664</FONT></P>
</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-509,351</FONT></P>
</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="14%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-42,618</FONT></P>
</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="13%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-222,859</FONT></P>
</TD></TR>
<TR style="HEIGHT: 13.2pt">
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.05in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>3.04.06</FONT></P>
</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="32%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Equity pickup</FONT></P>
</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>2,600,525</FONT></P>
</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>3,718,002</FONT></P>
</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="14%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>1,019,051</FONT></P>
</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="13%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>471,007</FONT></P>
</TD></TR>
<TR style="HEIGHT: 14pt">
     <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.05in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>3.05</FONT></P>
</TD>
     <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="32%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Profit before finance income (expenses) and taxes</FONT></P>
</TD>
     <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>2,878,168</FONT></P>
</TD>
     <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>4,603,305</FONT></P>
</TD>
     <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="14%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>1,574,405</FONT></P>
</TD>
     <TD style="HEIGHT: 14pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="13%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>2,807,007</FONT></P>
</TD></TR>
<TR style="HEIGHT: 13.2pt">
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.05in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>3.06</FONT></P>
</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="32%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Finance income (expenses)</FONT></P>
</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-3,287,418</FONT></P>
</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-5,871,010</FONT></P>
</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="14%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-1,938,797</FONT></P>
</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="13%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-3,256,374</FONT></P>
</TD></TR>
<TR style="HEIGHT: 13.2pt">
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.05in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>3.06.01</FONT></P>
</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="32%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Finance income</FONT></P>
</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>726,759</FONT></P>
</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>1,133,815</FONT></P>
</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="14%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>71,393</FONT></P>
</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="13%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>97,259</FONT></P>
</TD></TR>
<TR style="HEIGHT: 13.2pt">
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.05in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>3.06.02</FONT></P>
</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="32%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Finance expenses</FONT></P>
</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-4,014,177</FONT></P>
</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-7,004,825</FONT></P>
</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="14%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-2,010,190</FONT></P>
</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="13%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-3,353,633</FONT></P>
</TD></TR>
<TR style="HEIGHT: 13.2pt">
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.05in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>3.06.02.01</FONT></P>
</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="32%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Net exchange difference on financial instruments</FONT></P>
</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-2,985,847</FONT></P>
</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-4,334,953</FONT></P>
</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="14%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-1,153,777</FONT></P>
</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="13%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-605,862</FONT></P>
</TD></TR>
<TR style="HEIGHT: 13.2pt">
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.05in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>3.06.02.02</FONT></P>
</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="32%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Finance expenses</FONT></P>
</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-1,028,330</FONT></P>
</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-2,669,872</FONT></P>
</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="14%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-856,413</FONT></P>
</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="13%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-2,747,771</FONT></P>
</TD></TR>
<TR style="HEIGHT: 13.2pt">
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.05in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>3.07</FONT></P>
</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="32%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Loss before taxes on income</FONT></P>
</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-409,250</FONT></P>
</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-1,267,705</FONT></P>
</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="14%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-364,392</FONT></P>
</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="13%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-449,367</FONT></P>
</TD></TR>
<TR style="HEIGHT: 13.2pt">
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.05in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>3.08</FONT></P>
</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="32%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Income tax and social contribution </FONT></P>
</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-123,263</FONT></P>
</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>512,980</FONT></P>
</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="14%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>114,287</FONT></P>
</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="13%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>276,311</FONT></P>
</TD></TR>
<TR style="HEIGHT: 13.2pt">
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.05in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>3.09</FONT></P>
</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="32%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>(Loss) Profit from continuing operations </FONT></P>
</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-532,513</FONT></P>
</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-754,725</FONT></P>
</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="14%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-250,105</FONT></P>
</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="13%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-173,056</FONT></P>
</TD></TR>
<TR style="HEIGHT: 13.2pt">
     <TD style="HEIGHT: 13.2pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.05in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>3.11</FONT></P>
</TD>
     <TD style="HEIGHT: 13.2pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="32%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>(Loss) Profit for the period</FONT></P>
</TD>
     <TD style="HEIGHT: 13.2pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 13.2pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-532,513</FONT></P>
</TD>
     <TD style="HEIGHT: 13.2pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-754,725</FONT></P>
</TD>
     <TD style="HEIGHT: 13.2pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="14%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-250,105</FONT></P>
</TD>
     <TD style="HEIGHT: 13.2pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="13%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-173,056</FONT></P>
</TD></TR>
<TR style="HEIGHT: 13.2pt">
     <TD style="HEIGHT: 13.2pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.05in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>3.99</FONT></P>
</TD>
     <TD style="HEIGHT: 13.2pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="32%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Earnings per share - (R$/share)</FONT></P>
</TD>
     <TD style="HEIGHT: 13.2pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 13.2pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 13.2pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 13.2pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="14%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 13.2pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="13%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 13.2pt">
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.05in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>3.99.01</FONT></P>
</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="32%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Basic earnings per share</FONT></P>
</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="14%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 13.2pt">
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.05in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>3.99.01.01</FONT></P>
</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="32%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Common shares</FONT></P>
</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-0.39238</FONT></P>
</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-0.55611</FONT></P>
</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="14%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-0.18008</FONT></P>
</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="13%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-0.12105</FONT></P>
</TD></TR>
<TR style="HEIGHT: 13.2pt">
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.05in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>3.99.02</FONT></P>
</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="32%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Diluted earnings per share</FONT></P>
</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="14%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 13.2pt">
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.05in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>3.99.02.01</FONT></P>
</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="32%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Common shares</FONT></P>
</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-0.39238</FONT></P>
</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-0.55611</FONT></P>
</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="14%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-0.18008</FONT></P>
</TD>
     <TD style="HEIGHT: 13.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="13%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-0.12105</FONT></P>
</TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman"><BR clear=all>
&nbsp;</FONT></P>
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<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face=Arial>PAGE 5 of 86</FONT></P>
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     <TD width="75%" colSpan=2><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE </FONT></B></TD>
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<IMG src="x15111317003600.jpg" width=118 height=54>
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     <TD width="65%"><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>ITR &#8211;&#8211; </FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Quarterly</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> Financial </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Information</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> -</FONT><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>September</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> 30, 2015 &#8211; CIA SIDERURGICA NACIONAL</FONT></FONT></TD>
     <TD width="10%"><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face=Arial,sans-serif>Version:1</FONT></TD></TR></TABLE>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 8pt" face="Times New Roman"></FONT>&nbsp;</P>
</DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0in" cellSpacing=0 cellPadding=0 border=0>
<TR style="HEIGHT: 15.75pt">
     <TD style="HEIGHT: 15.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="99%" colSpan=6>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt" face=arial,sans-serif>Parent Company Statements / Statement of Comprehensive Income</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 12pt" face=arial,sans-serif>(In thousand of Reais)</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face=calibri,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 15.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face=calibri,sans-serif></FONT>&nbsp;</P>
</TD>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face=calibri,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 15.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face=calibri,sans-serif></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 11pt" face=calibri,sans-serif>Code </FONT></B></P>
</TD>
     <TD style="HEIGHT: 29.25pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="43%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 11pt" face=calibri,sans-serif>Description</FONT></B></P>
</TD>
     <TD style="HEIGHT: 29.25pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Three months ended September 30, 2015</FONT></B></P>
</TD>
     <TD style="HEIGHT: 29.25pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Nine months ended September 30, 2015</FONT></B></P>
</TD>
     <TD style="HEIGHT: 29.25pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="14%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Three months ended September 30, 2014</FONT></B></P>
</TD>
     <TD style="HEIGHT: 29.25pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="12%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Nine months ended September 30, 2014</FONT></B></P>
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<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>4.01</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="43%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>(Loss) Profit for the period</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="13%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>-532,513</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="12%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>-754,725</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="14%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>-250,105</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="12%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>-173,056</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>4.02</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="43%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Other comprehensive income</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="13%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>-1<FONT style="FONT-SIZE: 9pt" face=Arial>,</FONT>026,861</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="12%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>-1,040,896</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="14%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>-98,799</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="12%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>-869,442</FONT></P>
</TD></TR>
<TR style="HEIGHT: 13.5pt">
     <TD style="HEIGHT: 13.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>4.02.01</FONT></P>
</TD>
     <TD style="HEIGHT: 13.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="43%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Actuarial gains on defined benefit pension plan from investments in subsidiaries, net of taxes</FONT></P>
</TD>
     <TD style="HEIGHT: 13.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="13%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 13.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="12%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>-96</FONT></P>
</TD>
     <TD style="HEIGHT: 13.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="14%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 13.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="12%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>1,710</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>4.02.02</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="43%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Actuarial gains on defined benefit pension plan</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="13%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="12%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>348</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="14%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="12%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>4.02.03</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="43%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Income tax and social contribution on actuarial (losses)/gains on defined benefit pension plan</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="13%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="12%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>-118</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="14%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="12%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>4.02.04</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="43%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Cumulative translation adjustments for the period </FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="13%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>550,919</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="12%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>719,875</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="14%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>60,745</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="12%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>-26,602</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>4.02.05</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="43%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Available-for-sale assets </FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="13%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>-445<FONT style="FONT-SIZE: 9pt" face=Arial>,</FONT>407</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="12%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>-443,153</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="14%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>-149,474</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="12%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>-1,208,939</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>4.02.06</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="43%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Income tax and social contribution on available-for-sale assets</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="13%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="12%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>-767</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="14%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>50,821</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="12%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>411,039</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>4.02.07</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="43%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Available-for-sale assets from investments in subsidiaries, net of taxes</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="13%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="12%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>-20,817</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="14%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="12%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>-17,470</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>4.02.08</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="43%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Impairment of available-for-sale assets</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="13%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>81,016</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="12%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>178,867</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="14%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>18,429</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="12%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>66,476</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>4.02.09</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="43%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Income tax and social contribution on impairment of available-for-sale assets</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="13%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="12%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>-33,269</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="14%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>-6,266</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="12%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>-22,602</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>4.02.10</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="43%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>(Loss) gain on percentage change in investments</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="13%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>245</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="12%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>202</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="14%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>-73,054</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="12%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>-73,054</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>4.02.11</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="43%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>(Loss) gain on cash flow hedge accounting</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="13%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>-1,171,346</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="12%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>-1,517,306</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="14%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="12%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>4.02.12</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="43%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Income tax and social contribution on (loss) gain on cash flow hedge accounting</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="13%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="12%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>117,626</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="14%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="12%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>4.02.13</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="43%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>(Loss) gain on hedge of net investments in foreign subsidiaries</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="13%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>-42,288</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="12%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>-42,288</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="14%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="12%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>4.03</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="43%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Comprehensive income for the period</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="13%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>-1,559,374</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="12%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>-1,795,621</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="14%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>-348,904</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="12%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>-1,042,498</FONT></P>
</TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman"><BR clear=all>
&nbsp;</FONT></P>
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<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face=Arial>PAGE 6 of 86</FONT></P>
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     <TD width="75%" colSpan=2><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE </FONT></B></TD>
     <TD rowSpan=3 width="25%" align=right>
<IMG src="x15111317003600.jpg" width=118 height=54>
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     <TD width="65%"><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>ITR &#8211;&#8211; </FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Quarterly</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> Financial </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Information</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> -</FONT><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>September</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> 30, 2015 &#8211; CIA SIDERURGICA NACIONAL</FONT></FONT></TD>
     <TD width="10%"><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face=Arial,sans-serif>Version:1</FONT></TD></TR></TABLE>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 8pt" face="Times New Roman"></FONT>&nbsp;</P>
</DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 14pt" color=white face="trebuchet ms,sans-serif"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>
<TR style="HEIGHT: 22.5pt">
     <TD style="HEIGHT: 22.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="83%" colSpan=3 noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt" face=arial,sans-serif>Parent Company Statements / Statement of Cash Flows &#8211; Indirect Method</FONT></B></P>
</TD>
     <TD style="HEIGHT: 22.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%" noWrap>&nbsp;</TD></TR>
<TR style="HEIGHT: 15.75pt">
     <TD style="HEIGHT: 15.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="66%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 12pt" face=arial,sans-serif>(In thousand of Reais)</FONT></B></P>
</TD>
     <TD style="HEIGHT: 15.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 15.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%" noWrap>&nbsp;</TD></TR>
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     <TD style="HEIGHT: 58.95pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>Code </FONT></B></P>
</TD>
     <TD style="HEIGHT: 58.95pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="55%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>Description</FONT></B></P>
</TD>
     <TD style="HEIGHT: 58.95pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>Nine months ended September 30, 2015</FONT></B></P>
</TD>
     <TD style="HEIGHT: 58.95pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 0.05in; TEXT-INDENT: -0.05in" align=right><B><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>Nine months ended September 30, 2014</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>6.01</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="55%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Net cash generated by operating activities</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>45,533</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>806,633</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>6.01.01</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="55%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Cash generated from operations</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>3,532,689</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>2,832,279</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>6.01.01.01</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="55%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>(Loss) Profit for the period</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>-754,725</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>-173,056</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>6.01.01.02</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="55%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Charges on borrowings and financing</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>2,510,054</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>2,394,687</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>6.01.01.03</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="55%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Charges on loans and financing granted</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>-15,749</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>-10,446</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>6.01.01.04</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="55%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Depreciation, depletion and amortization</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>651,952</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>747,644</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>6.01.01.05</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="55%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Equity pickup</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>-3,718,002</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>-471,007</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>6.01.01.06</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="55%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Deferred income tax and social contribution</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>-593,287</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>-306,781</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>6.01.01.07</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="55%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Provision for tax, social security, labor, civil and environmental risks</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>84,671</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>-57,122</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>6.01.01.08</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="55%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Inflation adjustment and exchange differences, net</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>5,144,844</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>586,628</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>6.01.01.09</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="55%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Gain on derivative transactions</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>943</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>6.01.01.10</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="55%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Impairment of available-for-sale assets</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>178,867</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>66,476</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>6.01.01.11</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="55%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Residual value of permanent assets written off</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>3,935</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>11,970</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>6.01.01.12</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="55%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Other</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>40,129</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>42,343</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>6.01.02</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="55%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Changes in assets and liabilities</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>-3,487,156</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>-2,025,646</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>6.01.02.01</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="55%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Trade receivables - third parties</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>-19,562</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>142,114</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>6.01.02.02</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="55%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Trade receivables &#8211; related parties</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>-1,412,278</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>-248,444</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>6.01.02.03</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="55%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Inventories</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>-94,391</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>-697,314</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>6.01.02.04</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="55%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Receivables - related parties</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>90,470</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>274,335</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>6.01.02.05</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="55%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Recoverable taxes</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>-155,883</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>56,066</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>6.01.02.06</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="55%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Judicial deposits</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>-27,112</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>-30,801</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>6.01.02.09</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="55%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Trade payables</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>-21,665</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>191,100</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>6.01.02.10</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="55%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Payroll and related taxes</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>65,289</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>6,175</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>6.01.02.11</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="55%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Taxes in installments - REFIS</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>55,410</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>-59,898</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>6.01.02.13</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="55%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Payables to related parties</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>74,645</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>45,133</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>6.01.02.15</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="55%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Interest paid</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>-2,074,153</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>-1,733,891</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>6.01.02.16</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="55%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Interest received &#8211; related parties</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>651</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>13,595</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>6.01.02.17</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="55%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Interest on swaps paid</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>-1,279</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>6.01.02.18</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="55%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Other</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>31,423</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>17,463</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>6.02</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="55%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Net cash generated by (used) in investing activities</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>-1,453,885</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>-1,005,313</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>6.02.01</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="55%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Investments</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>-28,083</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>-49,679</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>6.02.02</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="55%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Purchase of property, plant and equipment</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>-1,597,232</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>-1,092,393</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>6.02.03</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="55%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Cash from merger of subsidiary</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>129,745</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>0</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>6.02.04</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="55%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Capital reduction of the subsidiary and joint venture</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>486,758</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>0</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>6.02.07</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="55%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Related parties loans</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>-43,475</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>-31,506</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>6.02.09</FONT></P>
</TD>
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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Receipt of related parties loans</FONT></P>
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     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>5,546</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>168,265</FONT></P>
</TD></TR>
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     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>6.02.10</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="55%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Quotas of exclusive funds</FONT></P>
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     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>220,274</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>0</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>6.02.11</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="55%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Short-term investment, net of redeemed amount</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>-627,418</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>0</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>6.03</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="55%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Net cash used in financing activities</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>615,101</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>469,338</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>6.03.01</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="55%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Borrowings and financing raised, net of costs of transactions</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>934,396</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>1,364,400</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>6.03.02</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="55%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Borrowings and financing raised - related parties</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>1,725,595</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>1,528,240</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>6.03.03</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="55%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Redemption of borrowings</FONT></P>
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     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>-938,239</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>-1,127,864</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>6.03.04</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="55%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Redemption of borrowings - related parties</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>-547,429</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>-124,215</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>6.03.05</FONT></P>
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     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="55%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Dividends and interest on capital paid</FONT></P>
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     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>-549,832</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>-424,935</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>6.03.06</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="55%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Treasury shares</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>-9,390</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>-746,288</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>6.05</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="55%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Increase (decrease) in cash and cash equivalents</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>-793,251</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>270,658</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>6.05.01</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="55%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Cash and equivalents at the beginning of the period</FONT></P>
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     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>3,146,393</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>206,624</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>6.05.02</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="55%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Cash and equivalents at the end of the period</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>2,353,142</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>477,282</FONT></P>
</TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman"><BR clear=all>
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<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face=Arial>PAGE 7 of 86</FONT></P>
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     <TD width="75%" colSpan=2><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE </FONT></B></TD>
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     <TD width="65%"><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>ITR &#8211;&#8211; </FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Quarterly</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> Financial </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Information</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> -</FONT><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>September</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> 30, 2015 &#8211; CIA SIDERURGICA NACIONAL</FONT></FONT></TD>
     <TD width="10%"><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face=Arial,sans-serif>Version:1</FONT></TD></TR></TABLE>
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<TR style="HEIGHT: 15.75pt">
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<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt" face=arial,sans-serif>Parent Company Statements / Statement of Changes in Shareholders&#180; Equity - 1/1/2015 to 9/30/2015</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 12pt" face=arial,sans-serif>(In thousand of Reais)</FONT></B></P>
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     <TD style="HEIGHT: 15.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 15.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 15.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 15.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 15.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 15.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>&nbsp;</TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 14pt" face="trebuchet ms,sans-serif"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>
<TR style="HEIGHT: 42.75pt">
     <TD style="HEIGHT: 42.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Code </FONT></B></P>
</TD>
     <TD style="HEIGHT: 42.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="31%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Description </FONT></B></P>
</TD>
     <TD style="HEIGHT: 42.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Paid-in capital </FONT></B></P>
</TD>
     <TD style="HEIGHT: 42.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Capital reserve, granted options and treasury shares</FONT></B></P>
</TD>
     <TD style="HEIGHT: 42.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></B><B><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Earnings reserve </FONT></B></P>
</TD>
     <TD style="HEIGHT: 42.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Retained earnings </FONT></B></P>
</TD>
     <TD style="HEIGHT: 42.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></B><B><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Other comprehensive income </FONT></B></P>
</TD>
     <TD style="HEIGHT: 42.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Shareholders&#8217; equity </FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>5.01</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="31%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Opening balances</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>4,540,000</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>30</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>1,131,298</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>25,140</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>5,696,468</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>5.03</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="31%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Adjusted opening balances</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>4,540,000</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>30</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>1,131,298</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>25,140</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>5,696,468</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>5.04</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="31%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Capital transactions with shareholders</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>-284,390</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>-284,390</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>5.04.04</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="31%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Treasury shares acquired</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>-9,390</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>-9,390</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>5.04.06</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="31%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Dividends</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>-275,000</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>-275,000</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>5.05</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="31%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Total comprehensive income</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>-754,725</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>-1,040,896</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>-1,795,621</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>5.05.01</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="31%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>(Loss) Profit for the period</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>-754,725</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>-754,725</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>5.05.02</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="31%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Other comprehensive income</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>-1,040,896</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>-1,040,896</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>5.05.02.04</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="31%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Translation adjustments for the period</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>719,875</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>719,875</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>5.05.02.08</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="31%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Actuarial gains on defined benefit plan, net of taxes </FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>134</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>134</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>5.05.02.09</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="31%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Available-for-sale assets, net of taxes</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>-319,139</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>-319,139</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>5.05.02.10</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="31%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>(Loss) gain on percentage change in investments</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>202</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>202</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>5.05.02.11</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="31%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>(Loss) gain on hedge accounting, net of taxes</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>-1,399,680</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>-1,399,680</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>5.05.02.12</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="31%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>(Loss) gain on hedge of net investments in foreign subsidiaries</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>-42,288</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>-42,288</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>5.07</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="31%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Closing balances</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>4,540,000</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>30</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>846,908</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>-754,725</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>-1,015,756</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>3,616,457</FONT></P>
</TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face=Arial>PAGE 8 of 86</FONT></P>
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     <TD width="75%" colSpan=2><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE </FONT></B></TD>
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<IMG src="x15111317003600.jpg" width=118 height=54>
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     <TD width="65%"><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>ITR &#8211;&#8211; </FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Quarterly</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> Financial </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Information</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> -</FONT><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>September</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> 30, 2015 &#8211; CIA SIDERURGICA NACIONAL</FONT></FONT></TD>
     <TD width="10%"><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face=Arial,sans-serif>Version:1</FONT></TD></TR></TABLE>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 8pt" face="Times New Roman"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 14pt" color=white face="trebuchet ms,sans-serif"></FONT>&nbsp;</P>
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     <TD style="HEIGHT: 15.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="98%" colSpan=12 noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt" face=arial,sans-serif>Parent Company Statements / Statement of Changes in Shareholders&#180; Equity - 1/1/2014 to 9/30/2014</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 12pt" face=arial,sans-serif>(In thousand of Reais)</FONT></B></P>
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     <TD style="HEIGHT: 15.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 15.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 15.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" colSpan=3 noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 15.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 15.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" colSpan=2 noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 15.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" colSpan=2 noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 40pt">
     <TD style="HEIGHT: 40pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>Code</FONT></B></P>
</TD>
     <TD style="HEIGHT: 40pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="30%">
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>Description</FONT></B></P>
</TD>
     <TD style="HEIGHT: 40pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="8%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>Paid-in capital </FONT></B></P>
</TD>
     <TD style="HEIGHT: 40pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="12%" colSpan=2>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Capital reserve, granted options and treasury shares</FONT></B></P>
</TD>
     <TD style="HEIGHT: 40pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="8%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT></B><B><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>Earnings reserve </FONT></B></P>
</TD>
     <TD style="HEIGHT: 40pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="11%" colSpan=3>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>Retained earnings/</FONT></B></P>
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     <TD style="HEIGHT: 40pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="13%" colSpan=2>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>Other comprehensive income</FONT></B></P>
</TD>
     <TD style="HEIGHT: 40pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="10%" colSpan=2>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>Shareholders&#180; Equity</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 11.35pt">
     <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="8%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>5.01</FONT></P>
</TD>
     <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="30%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Opening balances</FONT></P>
</TD>
     <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>4,540,000</FONT></P>
</TD>
     <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="12%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>30</FONT></P>
</TD>
     <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>2,839,568</FONT></P>
</TD>
     <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="11%" colSpan=3 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="13%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>716,972</FONT></P>
</TD>
     <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="10%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>8,096,570</FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.35pt">
     <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="8%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>5.03</FONT></P>
</TD>
     <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="30%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Adjusted opening balances</FONT></P>
</TD>
     <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>4,540,000</FONT></P>
</TD>
     <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="12%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>30</FONT></P>
</TD>
     <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>2,839,568</FONT></P>
</TD>
     <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="11%" colSpan=3 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="13%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>716,972</FONT></P>
</TD>
     <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="10%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>8,096,570</FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.35pt">
     <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="8%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>5.04</FONT></P>
</TD>
     <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="30%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Capital transactions with shareholders</FONT></P>
</TD>
     <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="12%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>-1,171,288</FONT></P>
</TD>
     <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="11%" colSpan=3 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="13%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="10%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>-1,171,288</FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.35pt">
     <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="8%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>5.04.04</FONT></P>
</TD>
     <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="30%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Treasury shares acquired</FONT></P>
</TD>
     <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="12%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>-746,288</FONT></P>
</TD>
     <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="11%" colSpan=3 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="13%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="10%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>-746,288</FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.35pt">
     <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="8%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>5.04.06</FONT></P>
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     <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="30%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Dividends</FONT></P>
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     <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="12%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>-425,000</FONT></P>
</TD>
     <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="11%" colSpan=3 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="13%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="10%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>-425,000</FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.35pt">
     <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="8%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>5.04.08</FONT></P>
</TD>
     <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="30%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Treasury shares cancelled</FONT></P>
</TD>
     <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="12%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>679,618</FONT></P>
</TD>
     <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="11%" colSpan=3 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="13%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="10%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>679,618</FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.35pt">
     <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="8%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>5.04.09</FONT></P>
</TD>
     <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="30%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Treasury shares cancelled</FONT></P>
</TD>
     <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="12%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>-679,618</FONT></P>
</TD>
     <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="11%" colSpan=3 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="13%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="10%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif><FONT style="FONT-SIZE: 9pt" face=Arial>-</FONT>679,618</FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.35pt">
     <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="8%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>5.05</FONT></P>
</TD>
     <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="30%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Total comprehensive income</FONT></P>
</TD>
     <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="12%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="11%" colSpan=3 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>-173,056</FONT></P>
</TD>
     <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="13%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>-869,442</FONT></P>
</TD>
     <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="10%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>-1,042,498</FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.35pt">
     <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="8%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>5.05.01</FONT></P>
</TD>
     <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="30%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Profit for the period</FONT></P>
</TD>
     <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="12%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="11%" colSpan=3 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>-173,056</FONT></P>
</TD>
     <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="13%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="10%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>-173,056</FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.35pt">
     <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="8%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>5.05.02</FONT></P>
</TD>
     <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="30%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Other comprehensive income</FONT></P>
</TD>
     <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="12%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="11%" colSpan=3 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="13%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>-869,442</FONT></P>
</TD>
     <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="10%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>-869,442</FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.35pt">
     <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="8%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>5.05.02.04</FONT></P>
</TD>
     <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="30%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Cumulative translation adjustments for the period</FONT></P>
</TD>
     <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="12%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="11%" colSpan=3 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="13%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>-26,602</FONT></P>
</TD>
     <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="10%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>-26,602</FONT></P>
</TD></TR>
<TR style="HEIGHT: 1pt">
     <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="8%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>5.05.02.08</FONT></P>
</TD>
     <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="30%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Actuarial (losses) gains on defined benefit pension plan, net of taxes</FONT></P>
</TD>
     <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="12%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="11%" colSpan=3 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="13%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>1,710</FONT></P>
</TD>
     <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="10%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>1,710</FONT></P>
</TD></TR>
<TR style="HEIGHT: 1pt">
     <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="8%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>5.05.02.09</FONT></P>
</TD>
     <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="30%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Available-for-sale financial assets, net of taxes</FONT></P>
</TD>
     <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="12%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="11%" colSpan=3 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="13%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>-771,496</FONT></P>
</TD>
     <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="10%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>-771,496</FONT></P>
</TD></TR>
<TR style="HEIGHT: 1pt">
     <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="8%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>5.05.02.10</FONT></P>
</TD>
     <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="30%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>(Loss) gain on percentage change in investments</FONT></P>
</TD>
     <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="12%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="11%" colSpan=3 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="13%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>-73,054</FONT></P>
</TD>
     <TD style="HEIGHT: 1pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="10%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>-73,054</FONT></P>
</TD></TR>
<TR style="HEIGHT: 3.7pt">
     <TD style="HEIGHT: 3.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="8%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>5.07</FONT></P>
</TD>
     <TD style="HEIGHT: 3.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="30%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Closing balances</FONT></P>
</TD>
     <TD style="HEIGHT: 3.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>4,540,000</FONT></P>
</TD>
     <TD style="HEIGHT: 3.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="12%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>30</FONT></P>
</TD>
     <TD style="HEIGHT: 3.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>1,668,280</FONT></P>
</TD>
     <TD style="HEIGHT: 3.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="11%" colSpan=3 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>-173,056</FONT></P>
</TD>
     <TD style="HEIGHT: 3.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="13%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>-152,470</FONT></P>
</TD>
     <TD style="HEIGHT: 3.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="10%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>5,882,784</FONT></P>
</TD></TR>
<TR>
     <TD width="8%">&nbsp;</TD>
     <TD width="30%">&nbsp;</TD>
     <TD width="8%">&nbsp;</TD>
     <TD width="10%">&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD width="8%">&nbsp;</TD>
     <TD width="1%">&nbsp;</TD>
     <TD width="8%">&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
     <TD width="8%">&nbsp;</TD>
     <TD width="5%">&nbsp;</TD>
     <TD width="8%">&nbsp;</TD>
     <TD width="2%">&nbsp;</TD></TR></TABLE></DIV>
<DIV align=left>&nbsp;</DIV>
<a name="_bclFooter10"></a><DIV>
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<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face=Arial>PAGE 9 of 86</FONT></P>
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<TR>
     <TD width="75%" colSpan=2><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE </FONT></B></TD>
     <TD rowSpan=3 width="25%" align=right>
<IMG src="x15111317003600.jpg" width=118 height=54>
</TD></TR>
<TR>
     <TD width="65%"></TD>
     <TD width="10%"></TD></TR>
<TR>
     <TD width="65%"><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>ITR &#8211;&#8211; </FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Quarterly</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> Financial </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Information</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> -</FONT><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>September</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> 30, 2015 &#8211; CIA SIDERURGICA NACIONAL</FONT></FONT></TD>
     <TD width="10%"><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face=Arial,sans-serif>Version:1</FONT></TD></TR></TABLE>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 14pt" color=white face="trebuchet ms,sans-serif"></FONT>&nbsp;</P>
</DIV>
<DIV align=left>&nbsp;</DIV>
<DIV align=left>
<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>
<TR style="HEIGHT: 16.2pt">
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" width="85%" colSpan=5>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT></P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt" face=arial,sans-serif>Parent Company Statements / Statement of Value Added</FONT></B></P>
</TD>
     <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>&nbsp;</TD></TR>
<TR style="HEIGHT: 15.75pt">
     <TD style="HEIGHT: 15.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="59%" colSpan=3 noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 12pt" face=arial,sans-serif>(In thousand of Reais)</FONT></B></P>
</TD>
     <TD style="HEIGHT: 15.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 15.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" colSpan=2 noWrap>&nbsp;</TD></TR>
<TR style="HEIGHT: 33.75pt">
     <TD style="HEIGHT: 33.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 11pt" face=arial,sans-serif>Code </FONT></B></P>
</TD>
     <TD style="HEIGHT: 33.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="45%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 11pt" face=arial,sans-serif>Description</FONT></B></P>
</TD>
     <TD style="HEIGHT: 33.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Nine months ended <BR>
September</FONT></B><B><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif> 30, 2015</FONT></B></P>
</TD>
     <TD style="HEIGHT: 33.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="21%" colSpan=2>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Nine months ended <BR>
September 30, 2014</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>7.01</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="45%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Revenues</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>10,792,661</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>11,922,194</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>7.01.01</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="45%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Sales of products and services</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>10,729,818</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>11,881,880</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>7.01.02</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="45%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Other revenues</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>82,703</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>49,646</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>7.01.04</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="45%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Allowance for (reversal of) doubtful debts</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-19,860</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-9,332</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>7.02</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="45%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Raw materials acquired from third parties</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-7,758,535</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-6,967,591</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>7.02.01</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="45%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Costs of sales and services</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-6,236,049</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-6,103,603</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>7.02.02</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="45%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Materials, electric power, third-parties services and other</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-1,347,066</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-794,338</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>7.02.03</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="45%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Impairment/recovery of assets</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>3,447</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-3,174</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>7.02.04</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="45%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Other</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-178,867</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-66,476</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>7.02.04.01</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="45%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Impairment of available-for-sale assets</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-178,867</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-66,476</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>7.03</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="45%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Gross value added</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>3,034,126</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>4,954,603</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>7.04</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="45%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Retentions</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-651,952</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-747,644</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>7.04.01</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="45%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Depreciation, amortization and depletion</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-651,952</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-747,644</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>7.05</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="45%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Wealth created</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>2,382,174</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>4,206,959</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>7.06</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="45%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Value added received as transfer</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>5,965,401</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>581,102</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>7.06.01</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="45%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Equity pickup</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>3,718,002</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>471,007</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>7.06.02</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="45%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Finance income</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>1,133,815</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>97,259</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>7.06.03</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="45%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Other</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>1,113,584</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>12,836</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>7.06.03.01</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="45%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Other and exchange variation - gain</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>1,113,584</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>12,836</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>7.07</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="45%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Wealth for distribution</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>8,347,575</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>4,788,061</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>7.08</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="45%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Wealth distributed</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>8,347,575</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>4,788,061</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>7.08.01</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="45%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Personnel</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>1,067,905</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>961,743</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>7.08.01.01</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="45%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Salaries and wages</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>817,157</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>749,074</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>7.08.01.02</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="45%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Benefits</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>197,830</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>160,345</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>7.08.01.03</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="45%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Severance pay fund (FGTS) </FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>52,918</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>52,324</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>7.08.02</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="45%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Taxes, fees and contributions</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-82,830</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>640,026</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>7.08.02.01</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="45%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Federal</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-188,833</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>510,356</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>7.08.02.02</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="45%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>State</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>99,758</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>111,656</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>7.08.02.03</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="45%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Municipal</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>6,245</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>18,014</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>7.08.03</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="45%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Return on third-party capital </FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>8,117,225</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>3,359,348</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>7.08.03.01</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="45%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Interest</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>2,668,737</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>2,747,158</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>7.08.03.02</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="45%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Leases</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>7,505</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>7,326</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>7.08.03.03</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="45%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Other</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>5,440,983</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>604,864</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>7.08.03.03.01</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="45%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Other and exchange variation - loss</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>5,440,983</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>604,864</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>7.08.04</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="45%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Shareholders</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-754,725</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-173,056</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>7.08.04.03</FONT></P>
</TD>
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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Retained earnings/ Losses for the period</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-754,725</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-173,056</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="45%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD width="3%">&nbsp;</TD>
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<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face=Arial>PAGE 10 of 86</FONT></P>
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     <TD width="75%" colSpan=2><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE </FONT></B></TD>
     <TD rowSpan=3 width="25%" align=right>
<IMG src="x15111317003600.jpg" width=118 height=54>
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     <TD width="65%"></TD>
     <TD width="10%"></TD></TR>
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     <TD width="65%"><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>ITR &#8211;&#8211; </FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Quarterly</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> Financial </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Information</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> -</FONT><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>September</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> 30, 2015 &#8211; CIA SIDERURGICA NACIONAL</FONT></FONT></TD>
     <TD width="10%"><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face=Arial,sans-serif>Version:1</FONT></TD></TR></TABLE>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 8pt" face="Times New Roman"></FONT>&nbsp;</P>
</DIV>
<DIV align=left>
<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>
<TR style="HEIGHT: 16.2pt">
     <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="82%" colSpan=5 noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt" face=arial,sans-serif>Consolidated Financial Statements / Balance Sheet - Assets</FONT></B></P>
</TD>
     <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="18%" noWrap>&nbsp;</TD></TR>
<TR style="HEIGHT: 16.2pt">
     <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="66%" colSpan=4 noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 12pt" face=arial,sans-serif>(In thousand of Reais)</FONT></B></P>
</TD>
     <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 16.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="18%" noWrap>&nbsp;</TD></TR>
<TR style="HEIGHT: 13.15pt">
     <TD style="HEIGHT: 13.15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 13.15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="50%" colSpan=3 noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 13.15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 13.15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="18%" noWrap>&nbsp;</TD></TR>
<TR style="HEIGHT: 26.25pt">
     <TD style="HEIGHT: 26.25pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><I><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>Code</FONT></I></B></P>
</TD>
     <TD style="HEIGHT: 26.25pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="50%" colSpan=3 noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><I><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>Description</FONT></I></B></P>
</TD>
     <TD style="HEIGHT: 26.25pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Current Quarter<BR>
9/30/2015</FONT></B></P>
</TD>
     <TD style="HEIGHT: 26.25pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="18%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>YTD Previous Year <BR>
12/31/2014</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 13.9pt">
     <TD style="HEIGHT: 13.9pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>1</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="45%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Total assets</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="18%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>52,648,560 </FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="18%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>49,767,100 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 13.9pt">
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>1.01</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="45%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Current assets</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="18%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>16,206,671 </FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="18%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>15,935,502 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 13.9pt">
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>1.01.01</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="45%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Cash and cash equivalents</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="18%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>7,599,362 </FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="18%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>8,686,021 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 13.9pt">
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>1.01.02</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="45%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Short-term investments</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="18%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>627,418 </FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="18%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>0 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 13.9pt">
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>1.01.03</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="45%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Trade receivables</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="18%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>2,417,122 </FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="18%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>1,753,056 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 13.9pt">
     <TD style="HEIGHT: 13.9pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>1.01.04</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="45%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Inventories</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="18%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>4,707,165 </FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="18%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>4,122,122 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 13.9pt">
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>1.01.08</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="45%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Other current assets</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="18%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>855,604</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="18%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>1,374,303 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 13.9pt">
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>1.02</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="45%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Non-current assets</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="18%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>36,441,889</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="18%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>33,831,598 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 13.9pt">
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>1.02.01</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="45%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Long-term receivables</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="18%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>4,488,172</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="18%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>3,598,352 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 13.9pt">
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>1.02.01.02</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="45%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Investments measured at amortized cost</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="18%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>0 </FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="18%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>34,874 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 13.9pt">
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>1.02.01.06</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="45%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Deferred taxes</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="18%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>3,232,193 </FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="18%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>2,616,058 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 13.9pt">
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>1.02.01.09</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="45%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Other non-current assets</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="18%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>1,255,979</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="18%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>947,420 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 13.9pt">
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>1.02.02</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="45%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Investments</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="18%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>13,951,071 </FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="18%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>13,665,453 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 13.9pt">
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>1.02.03</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="45%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Property, plant and equipment</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="18%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>16,928,891 </FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="18%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>15,624,140 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 13.9pt">
     <TD style="HEIGHT: 13.9pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>1.02.04</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="45%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Intangible assets</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="18%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>1,073,755 </FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="18%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>943,653 </FONT></P>
</TD></TR>
<TR>
     <TD width="16%">&nbsp;</TD>
     <TD width="3%">&nbsp;</TD>
     <TD width="45%">&nbsp;</TD>
     <TD width="2%">&nbsp;</TD>
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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 14pt" color=white face="trebuchet ms,sans-serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 14pt" color=white face="trebuchet ms,sans-serif"></FONT>&nbsp;</P>
<DIV align=left>&nbsp;</DIV>
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<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face=Arial>PAGE 11 of 86</FONT></P>
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     <TD width="75%" colSpan=2><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE </FONT></B></TD>
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<IMG src="x15111317003600.jpg" width=118 height=54>
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     <TD width="65%"><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>ITR &#8211;&#8211; </FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Quarterly</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> Financial </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Information</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> -</FONT><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>September</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> 30, 2015 &#8211; CIA SIDERURGICA NACIONAL</FONT></FONT></TD>
     <TD width="10%"><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face=Arial,sans-serif>Version:1</FONT></TD></TR></TABLE>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 8pt" face="Times New Roman"></FONT>&nbsp;</P>
</DIV>
<DIV align=left><FONT lang=EN-US style="FONT-SIZE: 14pt" color=white face="trebuchet ms,sans-serif"></FONT>&nbsp;</DIV>
<DIV align=left>
<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>
<TR style="HEIGHT: 12.35pt">
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="70%" colSpan=4 noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt" face=arial,sans-serif>Consolidated Financial Statements / Balance Sheet - Liabilities</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" colSpan=2 noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" width="18%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 12.35pt">
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="58%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 12pt" face=arial,sans-serif>(In thousand of Reais)</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" colSpan=2 noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" width="18%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 21.05pt">
     <TD style="HEIGHT: 21.05pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><I><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT></I></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 21.05pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="48%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><I><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT></I></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 21.05pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="37%" colSpan=4>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>As of</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 21.05pt">
     <TD style="HEIGHT: 21.05pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><I><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>Code</FONT></I></B></P>
</TD>
     <TD style="HEIGHT: 21.05pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="48%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><I><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>Description</FONT></I></B></P>
</TD>
     <TD style="HEIGHT: 21.05pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" colSpan=2>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>September</FONT></B><B><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif> 30, 2015</FONT></B></P>
</TD>
     <TD style="HEIGHT: 21.05pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="21%" colSpan=2>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>September 30, 2014</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 11.7pt">
     <TD style="HEIGHT: 11.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>2</FONT></P>
</TD>
     <TD style="HEIGHT: 11.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="48%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Total liabilities</FONT></P>
</TD>
     <TD style="HEIGHT: 11.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>52,648,560</FONT></P>
</TD>
     <TD style="HEIGHT: 11.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>49,767,100</FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.7pt">
     <TD style="HEIGHT: 11.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>2.01</FONT></P>
</TD>
     <TD style="HEIGHT: 11.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="48%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Current liabilities</FONT></P>
</TD>
     <TD style="HEIGHT: 11.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>4,383,501</FONT></P>
</TD>
     <TD style="HEIGHT: 11.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>6,362,938</FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.7pt">
     <TD style="HEIGHT: 11.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>2.01.01</FONT></P>
</TD>
     <TD style="HEIGHT: 11.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="48%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Payroll and related taxes</FONT></P>
</TD>
     <TD style="HEIGHT: 11.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>282,006</FONT></P>
</TD>
     <TD style="HEIGHT: 11.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>219,740</FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.7pt">
     <TD style="HEIGHT: 11.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>2.01.02</FONT></P>
</TD>
     <TD style="HEIGHT: 11.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="48%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Trade payables</FONT></P>
</TD>
     <TD style="HEIGHT: 11.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>1,723,865</FONT></P>
</TD>
     <TD style="HEIGHT: 11.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>1,638,505</FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.7pt">
     <TD style="HEIGHT: 11.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>2.01.03</FONT></P>
</TD>
     <TD style="HEIGHT: 11.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="48%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Taxes payable</FONT></P>
</TD>
     <TD style="HEIGHT: 11.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>303,394</FONT></P>
</TD>
     <TD style="HEIGHT: 11.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>318,675</FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.7pt">
     <TD style="HEIGHT: 11.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>2.01.04</FONT></P>
</TD>
     <TD style="HEIGHT: 11.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="48%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Borrowings and financing</FONT></P>
</TD>
     <TD style="HEIGHT: 11.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>940,375</FONT></P>
</TD>
     <TD style="HEIGHT: 11.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>2,790,524</FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.7pt">
     <TD style="HEIGHT: 11.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>2.01.05</FONT></P>
</TD>
     <TD style="HEIGHT: 11.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="48%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Other payables</FONT></P>
</TD>
     <TD style="HEIGHT: 11.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>1,000,216</FONT></P>
</TD>
     <TD style="HEIGHT: 11.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>845,109</FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.7pt">
     <TD style="HEIGHT: 11.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>2.01.06</FONT></P>
</TD>
     <TD style="HEIGHT: 11.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="48%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Provisions</FONT></P>
</TD>
     <TD style="HEIGHT: 11.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>133,645</FONT></P>
</TD>
     <TD style="HEIGHT: 11.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>550,385</FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.7pt">
     <TD style="HEIGHT: 11.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>2.01.06.01</FONT></P>
</TD>
     <TD style="HEIGHT: 11.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="48%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Provision for tax, social security, labor and civil risks</FONT></P>
</TD>
     <TD style="HEIGHT: 11.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>133,645</FONT></P>
</TD>
     <TD style="HEIGHT: 11.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>550,385</FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.7pt">
     <TD style="HEIGHT: 11.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>2.02</FONT></P>
</TD>
     <TD style="HEIGHT: 11.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="48%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Non-current liabilities</FONT></P>
</TD>
     <TD style="HEIGHT: 11.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>44,610,806</FONT></P>
</TD>
     <TD style="HEIGHT: 11.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>37,669,187</FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.7pt">
     <TD style="HEIGHT: 11.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>2.02.01</FONT></P>
</TD>
     <TD style="HEIGHT: 11.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="48%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Borrowings and financing</FONT></P>
</TD>
     <TD style="HEIGHT: 11.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>33,366,561</FONT></P>
</TD>
     <TD style="HEIGHT: 11.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>27,092,855</FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.7pt">
     <TD style="HEIGHT: 11.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>2.02.02</FONT></P>
</TD>
     <TD style="HEIGHT: 11.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="48%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Other payables</FONT></P>
</TD>
     <TD style="HEIGHT: 11.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>9,385,077</FONT></P>
</TD>
     <TD style="HEIGHT: 11.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>9,315,363</FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.7pt">
     <TD style="HEIGHT: 11.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>2.02.03</FONT></P>
</TD>
     <TD style="HEIGHT: 11.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="48%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Deferred taxes</FONT></P>
</TD>
     <TD style="HEIGHT: 11.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>294,483</FONT></P>
</TD>
     <TD style="HEIGHT: 11.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>238,892</FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.7pt">
     <TD style="HEIGHT: 11.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>2.02.04</FONT></P>
</TD>
     <TD style="HEIGHT: 11.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="48%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Provisions</FONT></P>
</TD>
     <TD style="HEIGHT: 11.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>1,564,685</FONT></P>
</TD>
     <TD style="HEIGHT: 11.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>1,022,077</FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.7pt">
     <TD style="HEIGHT: 11.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>2.02.04.01</FONT></P>
</TD>
     <TD style="HEIGHT: 11.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="48%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Provision for tax, social security, labor and civil risks</FONT></P>
</TD>
     <TD style="HEIGHT: 11.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>735,961</FONT></P>
</TD>
     <TD style="HEIGHT: 11.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>195,783</FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.7pt">
     <TD style="HEIGHT: 11.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>2.02.04.02</FONT></P>
</TD>
     <TD style="HEIGHT: 11.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="48%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Other provisions</FONT></P>
</TD>
     <TD style="HEIGHT: 11.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>828,724</FONT></P>
</TD>
     <TD style="HEIGHT: 11.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>826,294</FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.7pt">
     <TD style="HEIGHT: 11.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>2.02.04.02.03</FONT></P>
</TD>
     <TD style="HEIGHT: 11.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="48%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Provision for environmental liabilities and asset retirement obligations</FONT></P>
</TD>
     <TD style="HEIGHT: 11.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>240,957</FONT></P>
</TD>
     <TD style="HEIGHT: 11.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>238,539</FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.7pt">
     <TD style="HEIGHT: 11.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>2.02.04.02.04</FONT></P>
</TD>
     <TD style="HEIGHT: 11.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="48%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Pension and healthcare plan</FONT></P>
</TD>
     <TD style="HEIGHT: 11.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>587,767</FONT></P>
</TD>
     <TD style="HEIGHT: 11.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>587,755</FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.7pt">
     <TD style="HEIGHT: 11.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>2.03</FONT></P>
</TD>
     <TD style="HEIGHT: 11.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="48%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Shareholders&#8217; equity</FONT></P>
</TD>
     <TD style="HEIGHT: 11.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>3,654,253</FONT></P>
</TD>
     <TD style="HEIGHT: 11.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>5,734,975</FONT></P>
</TD></TR>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>2.03.01</FONT></P>
</TD>
     <TD style="HEIGHT: 11.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="48%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Paid-in capital</FONT></P>
</TD>
     <TD style="HEIGHT: 11.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>4,540,000</FONT></P>
</TD>
     <TD style="HEIGHT: 11.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>4,540,000</FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.7pt">
     <TD style="HEIGHT: 11.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>2.03.02</FONT></P>
</TD>
     <TD style="HEIGHT: 11.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="48%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Capital reserves</FONT></P>
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     <TD style="HEIGHT: 11.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>30</FONT></P>
</TD>
     <TD style="HEIGHT: 11.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>30</FONT></P>
</TD></TR>
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     <TD style="HEIGHT: 11.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>2.03.04</FONT></P>
</TD>
     <TD style="HEIGHT: 11.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="48%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Earnings reserves</FONT></P>
</TD>
     <TD style="HEIGHT: 11.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>846,908</FONT></P>
</TD>
     <TD style="HEIGHT: 11.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>1,131,298</FONT></P>
</TD></TR>
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     <TD style="HEIGHT: 11.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>2.03.04.01</FONT></P>
</TD>
     <TD style="HEIGHT: 11.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="48%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Legal reserve</FONT></P>
</TD>
     <TD style="HEIGHT: 11.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>361,641</FONT></P>
</TD>
     <TD style="HEIGHT: 11.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>361,641</FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.7pt">
     <TD style="HEIGHT: 11.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>2.03.04.02</FONT></P>
</TD>
     <TD style="HEIGHT: 11.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="48%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Statutory reserve</FONT></P>
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     <TD style="HEIGHT: 11.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>724,243</FONT></P>
</TD>
     <TD style="HEIGHT: 11.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>999,243</FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.7pt">
     <TD style="HEIGHT: 11.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>2.03.04.09</FONT></P>
</TD>
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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Treasury shares</FONT></P>
</TD>
     <TD style="HEIGHT: 11.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-238,976</FONT></P>
</TD>
     <TD style="HEIGHT: 11.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-229,586</FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.7pt">
     <TD style="HEIGHT: 11.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>2.03.05</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Profit /Losses</FONT></P>
</TD>
     <TD style="HEIGHT: 11.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-754,725</FONT></P>
</TD>
     <TD style="HEIGHT: 11.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>0</FONT></P>
</TD></TR>
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     <TD style="HEIGHT: 11.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>2.03.08</FONT></P>
</TD>
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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Other comprehensive income</FONT></P>
</TD>
     <TD style="HEIGHT: 11.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-1,015,756</FONT></P>
</TD>
     <TD style="HEIGHT: 11.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>25,140</FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.7pt">
     <TD style="HEIGHT: 11.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>2.03.09</FONT></P>
</TD>
     <TD style="HEIGHT: 11.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="48%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Non-controlling interests</FONT></P>
</TD>
     <TD style="HEIGHT: 11.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>37,796</FONT></P>
</TD>
     <TD style="HEIGHT: 11.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>38,507</FONT></P>
</TD></TR>
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     <TD width="1%">&nbsp;</TD>
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<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face=Arial>PAGE 12 of 86</FONT></P>
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     <TD width="75%" colSpan=2><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE </FONT></B></TD>
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<IMG src="x15111317003600.jpg" width=118 height=54>
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     <TD width="65%"><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>ITR &#8211;&#8211; </FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Quarterly</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> Financial </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Information</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> -</FONT><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>September</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> 30, 2015 &#8211; CIA SIDERURGICA NACIONAL</FONT></FONT></TD>
     <TD width="10%"><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face=Arial,sans-serif>Version:1</FONT></TD></TR></TABLE>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 8pt" face="Times New Roman"></FONT>&nbsp;</P>
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<TR style="HEIGHT: 15.75pt">
     <TD style="HEIGHT: 15.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="81%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt" face=arial,sans-serif>Consolidated Financial Statements / Statements of Income </FONT></B></P>
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     <TD style="HEIGHT: 15.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%" noWrap>&nbsp;</TD></TR>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 12pt" face=arial,sans-serif>(In thousand of Reais)</FONT></B></P>
</TD>
     <TD style="HEIGHT: 15.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%" noWrap>&nbsp;</TD>
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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 14pt" face="trebuchet ms,sans-serif"></FONT>&nbsp;</P>
<DIV align=left>
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<TR style="HEIGHT: 26.65pt">
     <TD style="HEIGHT: 26.65pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>Code</FONT></B></P>
</TD>
     <TD style="HEIGHT: 26.65pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="30%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>Description</FONT></B></P>
</TD>
     <TD style="HEIGHT: 26.65pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Three months ended September 30, 2015</FONT></B></P>
</TD>
     <TD style="HEIGHT: 26.65pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Nine months ended September 30, 2015</FONT></B></P>
</TD>
     <TD style="HEIGHT: 26.65pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%" align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Three months ended September 30, 2014</FONT></B></P>
</TD>
     <TD style="HEIGHT: 26.65pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Nine months ended September 30, 2014</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 15.2pt">
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>3.01</FONT></P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="30%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Net revenue from sales and/or services</FONT></P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>3,955,990</FONT></P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>11,653,382</FONT></P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>3,882,986</FONT></P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>12,306,271</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15.2pt">
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>3.02</FONT></P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="30%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Cost of sales and/or services </FONT></P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-3,015,403</FONT></P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-8,888,031</FONT></P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-2,911,961</FONT></P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-8,693,082</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15.2pt">
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>3.03</FONT></P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="30%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Gross profit</FONT></P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>940,587</FONT></P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>2,765,351</FONT></P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>971,025</FONT></P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>3,613,189</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15.2pt">
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>3.04</FONT></P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="30%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Operating expenses/income</FONT></P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>245,027</FONT></P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-668,786</FONT></P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-244,156</FONT></P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-1,216,581</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15.2pt">
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>3.04.01</FONT></P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="30%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Selling expenses</FONT></P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-410,838</FONT></P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-1,023,012</FONT></P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-268,052</FONT></P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-691,619</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15.2pt">
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>3.04.02</FONT></P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="30%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>General and administrative expenses</FONT></P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-120,043</FONT></P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-339,785</FONT></P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-110,470</FONT></P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-338,494</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15.2pt">
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>3.04.04</FONT></P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="30%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Other operating income</FONT></P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>29,603</FONT></P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>48,127</FONT></P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>27,471</FONT></P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>44,937</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15.2pt">
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>3.04.05</FONT></P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="30%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Other operating expenses</FONT></P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-114,823</FONT></P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-569,900</FONT></P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-90,686</FONT></P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-316,094</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15.2pt">
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>3.04.06</FONT></P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="30%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Equity pick up</FONT></P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>861,128</FONT></P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>1,215,784</FONT></P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>197,581</FONT></P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>84,689</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15.2pt">
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>3.05</FONT></P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="30%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Profit before finance income (costs) and taxes</FONT></P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>1,185,614</FONT></P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>2,096,565</FONT></P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>726,869</FONT></P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>2,396,608</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15.2pt">
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>3.06</FONT></P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="30%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Finance expenses, net</FONT></P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-1,548,867</FONT></P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-3,190,262</FONT></P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-944,459</FONT></P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-2,500,593</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15.2pt">
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>3.06.01</FONT></P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="30%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Finance income</FONT></P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>106,264</FONT></P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>205,877</FONT></P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>42,735</FONT></P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>134,217</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15.2pt">
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>3.06.02</FONT></P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="30%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Finance expenses</FONT></P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-1,655,131</FONT></P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-3,396,139</FONT></P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-987,194</FONT></P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-2,634,810</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15.2pt">
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>3.06.02.01</FONT></P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="30%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Net exchange losses on financial instruments</FONT></P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-645,001</FONT></P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-717,467</FONT></P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-77,250</FONT></P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-193,453</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15.2pt">
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>3.06.02.02</FONT></P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="30%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Finance expenses</FONT></P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-1,010,130</FONT></P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-2,678,672</FONT></P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-909,944</FONT></P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-2,441,357</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15.2pt">
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>3.07</FONT></P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="30%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Profit (loss) before taxes on income</FONT></P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-363,253</FONT></P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-1,093,697</FONT></P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-217,590</FONT></P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-103,985</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15.2pt">
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>3.08</FONT></P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="30%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Income tax and social contribution </FONT></P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-169,398</FONT></P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>338,255</FONT></P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-32,798</FONT></P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-75,274</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15.2pt">
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>3.09</FONT></P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="30%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Profit from continuing operations </FONT></P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-532,651</FONT></P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-755,442</FONT></P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-250,388</FONT></P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-179,259</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15.2pt">
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>3.11</FONT></P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="30%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Consolidated profit /(Loss) for the period</FONT></P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-532,651</FONT></P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-755,442</FONT></P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-250,388</FONT></P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-179,259</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15.2pt">
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>3.11.01</FONT></P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="30%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Attributed to owners of the Company </FONT></P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-532,513</FONT></P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-754,725</FONT></P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-250,105</FONT></P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-173,056</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15.2pt">
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>3.11.02</FONT></P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="30%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Attributed to non-controlling interests</FONT></P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-138</FONT></P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-717</FONT></P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-283</FONT></P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-6,203</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15.2pt">
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>3.99</FONT></P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="30%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Earnings per share - (R$/share)</FONT></P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="15%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="14%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 15.2pt">
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>3.99.01</FONT></P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="30%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Basic earnings per share</FONT></P>
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     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="15%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="14%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 15.2pt">
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>3.99.01.01</FONT></P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="30%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Common shares</FONT></P>
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     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>-0.39238</FONT></P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>-0.55611</FONT></P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="15%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>-0.18008</FONT></P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="14%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>-0.12105</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15.2pt">
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>3.99.02</FONT></P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="30%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Diluted earnings per share</FONT></P>
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     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="15%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="14%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 15.2pt">
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>3.99.02.01</FONT></P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="30%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Common shares</FONT></P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>-0.39238</FONT></P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>-0.55611</FONT></P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="15%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>-0.18008</FONT></P>
</TD>
     <TD style="HEIGHT: 15.2pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="14%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>-0.12105</FONT></P>
</TD></TR></TABLE></DIV>
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<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face=Arial>PAGE 13 of 86</FONT></P>
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<TR>
     <TD width="75%" colSpan=2><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE </FONT></B></TD>
     <TD rowSpan=3 width="25%" align=right>
<IMG src="x15111317003600.jpg" width=118 height=54>
</TD></TR>
<TR>
     <TD width="65%"></TD>
     <TD width="10%"></TD></TR>
<TR>
     <TD width="65%"><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>ITR &#8211;&#8211; </FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Quarterly</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> Financial </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Information</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> -</FONT><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>September</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> 30, 2015 &#8211; CIA SIDERURGICA NACIONAL</FONT></FONT></TD>
     <TD width="10%"><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face=Arial,sans-serif>Version:1</FONT></TD></TR></TABLE>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 8pt" face="Times New Roman"></FONT>&nbsp;</P>
</DIV>
<DIV align=left>
<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>
<TR style="HEIGHT: 15.75pt">
     <TD style="HEIGHT: 15.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="100%" colSpan=6 noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt" face=arial,sans-serif>Consolidated Financial Statements / Statement of Comprehensive Income (In thousand of Reais)</FONT></B></P>
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     <TD style="HEIGHT: 15pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>Code</FONT></B></P>
</TD>
     <TD style="HEIGHT: 15pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="48%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Description</FONT></B></P>
</TD>
     <TD style="HEIGHT: 15pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Three months ended <BR>
September 30, 2015</FONT></B></P>
</TD>
     <TD style="HEIGHT: 15pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Nine months ended September 30, 2015</FONT></B></P>
</TD>
     <TD style="HEIGHT: 15pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Three months ended September 30, 2014</FONT></B></P>
</TD>
     <TD style="HEIGHT: 15pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Nine months ended September 30, 2014</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>4.01</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="48%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Consolidated (loss) profit for the period</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-532,651</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-755,442</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-250,388</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-179,259</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>4.02</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="48%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Other comprehensive income</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-1,026,861</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-1,040,896</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-98,799</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-869,442</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>4.02.01</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="48%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Actuarial gains on defined benefit plan from investments in subsidiaries, net of taxes</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>1,710</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>4.02.02</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="48%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Actuarial (losses) gains on defined benefit pension plan</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>202</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>0</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>4.02.03</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="48%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Income tax and social contribution on actuarial (losses) gains on defined benefit pension plan</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-68</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>0</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>4.02.04</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="48%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Cumulative translation adjustments for the period</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>550,919</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>719,875</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>60,745</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-26,602</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>4.02.05</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="48%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Available-for-sale assets</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-445,407</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-474,694</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-151,034</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-1,241,037</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>4.02.06</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="48%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Income tax and social contribution on available-for-sale assets</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>9,957</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>51,351</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>421,952</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>4.02.07</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="48%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Impairment of available-for-sale assets</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>81,016</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>178,867</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>19,989</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>72,104</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>4.02.08</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="48%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Income tax and social contribution on impairment of available-for-sale assets</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-33,269</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-6,796</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-24,515</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>4.02.09</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="48%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>(Loss) gain on percentage change in investments</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>245</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>202</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-73,054</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-73,054</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>4.02.10</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="48%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>(Loss) gain on cash flow hedge accounting</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-1,171,346</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-1,517,306</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>0</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>4.02.11</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="48%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Income tax and social contribution on (loss) gain on cash flow hedge accounting</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>117,626</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>0</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>4.02.12</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="48%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>(Loss) gain on hedge of net investments in foreign subsidiaries</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-42,288</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-42,288</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>0</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>4.03</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="48%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Consolidated comprehensive income for the period</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-1,559,512</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-1,796,338</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-349,187</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-1,048,701</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>4.03.01</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="48%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Attributed to owners of the Company </FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-1,559,374</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-1,795,621</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-348,904</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-1,042,498</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>4.03.02</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="48%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Attributed to non-controlling interests</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-138</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-717</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-283</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif>-6,203</FONT></P>
</TD></TR>
<TR>
     <TD width="5%">&nbsp;</TD>
     <TD width="48%">&nbsp;</TD>
     <TD width="13%">&nbsp;</TD>
     <TD width="12%">&nbsp;</TD>
     <TD width="12%">&nbsp;</TD>
     <TD width="10%">&nbsp;</TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 14pt" color=white face="trebuchet ms,sans-serif"></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face=Arial>PAGE 14 of 86</FONT></P>
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     <TD width="75%" colSpan=2><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE </FONT></B></TD>
     <TD rowSpan=3 width="25%" align=right>
<IMG src="x15111317003600.jpg" width=118 height=54>
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<TR>
     <TD width="65%"></TD>
     <TD width="10%"></TD></TR>
<TR>
     <TD width="65%"><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>ITR &#8211;&#8211; </FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Quarterly</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> Financial </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Information</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> -</FONT><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>September</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> 30, 2015 &#8211; CIA SIDERURGICA NACIONAL</FONT></FONT></TD>
     <TD width="10%"><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face=Arial,sans-serif>Version:1</FONT></TD></TR></TABLE>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 8pt" face="Times New Roman"></FONT>&nbsp;</P>
</DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 14pt" color=white face="trebuchet ms,sans-serif"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>
<TR style="HEIGHT: 12.95pt">
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" width="100%" colSpan=7>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT></P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt" face=arial,sans-serif>Consolidated Financial Statements / Statement of Cash Flows &#8211; Indirect Method</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in" width="58%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman"></FONT></P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 12pt" face=arial,sans-serif>(In thousand of Reais)</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="24%" colSpan=2>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="18%" colSpan=2>&nbsp;</TD></TR>
<TR style="HEIGHT: 23.4pt">
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<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 11pt" face=calibri,sans-serif></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 11pt" face=calibri,sans-serif></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 11pt" face=calibri,sans-serif>Code </FONT></B></P>
</TD>
     <TD style="HEIGHT: 23.4pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="58%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 11pt" face=calibri,sans-serif>Description</FONT></B></P>
</TD>
     <TD style="HEIGHT: 23.4pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="18%" colSpan=2 align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>Nine months ended <BR>
September 30, 2015</FONT></B></P>
</TD>
     <TD style="HEIGHT: 23.4pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>Nine months ended<BR>
September 30, 2014</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 12.35pt">
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>6.01</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="58%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Net cash generated by operating activities</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="18%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>1,180,951</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>600,432</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.35pt">
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>6.01.01</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="58%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Cash generated from operations</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="18%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>4,834,421</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>2,644,889</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.35pt">
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>6.01.01.01</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="58%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>(Loss)/Profit for the period attributable to owners of the Company</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="18%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>-754,725</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>-173,056</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.35pt">
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>6.01.01.02</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="58%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Loss for the period attributable to non-controlling interests</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="18%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>-717</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>-6,203</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.35pt">
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>6.01.01.03</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="58%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Charges on borrowings and financing</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="18%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>2,489,354</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>2,056,128</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.35pt">
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>6.01.01.04</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="58%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Charges on loans and financing granted</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="18%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>-25,168</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>-30,671</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.35pt">
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>6.01.01.05</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="58%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Depreciation, depletion and amortization</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="18%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>857,137</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>934,555</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.35pt">
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>6.01.01.06</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="58%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Equity pickup</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="18%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>-1,215,784</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>-84,689</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.35pt">
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>6.01.01.07</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="58%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Deferred income tax and social contribution</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="18%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>-543,095</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>-332,332</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.35pt">
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>6.01.01.08</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="58%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Provision for tax, social security, labor, civil and environmental risks</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="18%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>123,438</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>-42,306</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.35pt">
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>6.01.01.09</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="58%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Inflation adjustment and exchange differences, net</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="18%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>3,647,017</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>185,777</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.35pt">
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>6.01.01.10</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="58%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Gain on derivative transactions</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="18%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>3,775</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>1,395</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.35pt">
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>6.01.01.11</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="58%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Impairment of available-for-sale assets</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="18%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>178,867</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>72,104</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.35pt">
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>6.01.01.12</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="58%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Residual value of permanent assets written off</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="18%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>4,773</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>12,935</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.35pt">
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>6.01.01.13</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="58%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Other provisions</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="18%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>69,549</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>51,252</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.35pt">
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>6.01.02</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="58%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Changes in assets and liabilities</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="18%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>-3,653,470</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>-2,044,457</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.35pt">
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>6.01.02.01</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="58%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Trade receivables - third parties</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="18%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>-602,122</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>315,486</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.35pt">
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>6.01.02.02</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="58%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Trade receivables - related parties</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="18%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>-82,273</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>-145,262</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.35pt">
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>6.01.02.03</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="58%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Inventories</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="18%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>-530,308</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>-769,929</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.35pt">
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>6.01.02.04</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="58%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Receivables from related parties</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="18%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>234,346</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.35pt">
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>6.01.02.05</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="58%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Recoverable taxes</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="18%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>-200,825</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>47,995</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.35pt">
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>6.01.02.06</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="58%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Judicial deposits</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="18%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>-40,980</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>-34,323</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.35pt">
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>6.01.02.08</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="58%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Trade payables</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="18%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>100,868</FONT></P>
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     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>408,619</FONT></P>
</TD></TR>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>6.01.02.09</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Payroll and related taxes</FONT></P>
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     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="18%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>94,574</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>27,527</FONT></P>
</TD></TR>
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     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>6.01.02.10</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="58%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Taxes in installments - REFIS</FONT></P>
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     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="18%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>32,735</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>-43,397</FONT></P>
</TD></TR>
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     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>6.01.02.11</FONT></P>
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     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="58%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Payables to related parties</FONT></P>
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     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="18%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>1,032</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>2,600</FONT></P>
</TD></TR>
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     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>6.01.02.13</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="58%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Interest paid</FONT></P>
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     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="18%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>-2,466,731</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>-2,103,382</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.35pt">
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>6.01.02.15</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="58%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Interest received &#8211; related parties</FONT></P>
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     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="18%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>8,627</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>13,595</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.35pt">
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>6.01.02.16</FONT></P>
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     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="58%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Interest on swaps paid</FONT></P>
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     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="18%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>-1,279</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.35pt">
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>6.01.02.17</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="58%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Other</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="18%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>31,933</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>2,947</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.35pt">
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>6.02</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="58%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Net cash generated by (used in) investing activities</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="18%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>-213,236</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>-1,239,860</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.35pt">
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>6.02.02</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="58%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Investments</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="18%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>-8,376</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.35pt">
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>6.02.03</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="58%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Purchase of property, plant and equipment</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="18%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>-1,703,793</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>-1,292,180</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.35pt">
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>6.02.04</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="58%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Capital reduction in subsidiaries</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="18%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>466,758</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>0</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.35pt">
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>6.02.05</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="58%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Receipt/payment in derivative transactions</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="18%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>1,216,913</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>-73,670</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.35pt">
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>6.02.06</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="58%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Purchase of intangible assets</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="18%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>-440</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>-610</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.35pt">
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>6.02.08</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="58%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Related parties loans</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="18%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>-43,475</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>-31,506</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.35pt">
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>6.02.09</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="58%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Receipt of related parties loans</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="18%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>443,345</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>168,265</FONT></P>
</TD></TR>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>6.02.10</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="58%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Short-term investment, net of redeemed amount</FONT></P>
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     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="18%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>-592,544</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>-1,783</FONT></P>
</TD></TR>
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     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>6.03</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="58%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Net cash used in financing activities</FONT></P>
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     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="18%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>-2,049,702</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>-771,732</FONT></P>
</TD></TR>
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     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>6.03.01</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="58%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Borrowings and financing raised, net of transaction costs</FONT></P>
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     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="18%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>937,005</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>1,630,664</FONT></P>
</TD></TR>
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     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>6.03.02</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="58%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Redemption of borrowings</FONT></P>
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     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="18%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>-2,333,975</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>-1,175,234</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.35pt">
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>6.03.03</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="58%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Redemption of borrowings &#8211; related parties</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="18%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>-52,839</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>0</FONT></P>
</TD></TR>
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     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>6.03.04</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="58%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Dividends and interest on capital paid</FONT></P>
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     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="18%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>-549,832</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>-424,935</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.35pt">
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>6.03.06</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="58%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Treasury shares</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="18%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>-9,390</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>-746,288</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.35pt">
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>6.03.07</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="58%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Buyback of debt securities</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="18%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>-40,671</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>-55,939</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.35pt">
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>6.04</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="58%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Exchange differences on translating cash and cash equivalents</FONT></P>
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     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="18%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>-4,672</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>386,850</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.35pt">
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>6.05</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="58%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Increase (decrease) in cash and cash equivalents</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="18%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>-1,086,659</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>-1,024,310</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.35pt">
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>6.05.01</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="58%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Cash and equivalents at the beginning of the period</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="18%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>8,686,021</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>9,995,672</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.35pt">
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>6.05.02</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="58%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Cash and equivalents at the end of the period</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="18%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>7,599,362</FONT></P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>8,971,362</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.35pt">
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="58%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="18%" colSpan=2 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.35pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD width="4%">&nbsp;</TD>
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<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face=Arial>PAGE 15 of 86</FONT></P>
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     <TD width="75%" colSpan=2><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE </FONT></B></TD>
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<IMG src="x15111317003600.jpg" width=118 height=54>
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     <TD width="65%"><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>ITR &#8211;&#8211; </FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Quarterly</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> Financial </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Information</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> -</FONT><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>September</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> 30, 2015 &#8211; CIA SIDERURGICA NACIONAL</FONT></FONT></TD>
     <TD width="10%"><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face=Arial,sans-serif>Version:1</FONT></TD></TR></TABLE>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 8pt" face="Times New Roman"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Consolidated Financial Statements / Statement of Changes in Shareholders&#180; Equity - 1/1/2015 to 9/30/2015- (In thousand of Reais)</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Code </FONT></B></P>
</TD>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Description </FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Paid-in capital </FONT></B></P>
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     <TD style="HEIGHT: 42.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Capital reserve, granted options and treasury shares</FONT></B></P>
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     <TD style="HEIGHT: 42.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></B><B><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Earnings reserve </FONT></B></P>
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     <TD style="HEIGHT: 42.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Retained earnings </FONT></B></P>
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     <TD style="HEIGHT: 42.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></B><B><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Other comprehensive income </FONT></B></P>
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     <TD style="HEIGHT: 42.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Shareholders&#8217; equity </FONT></B></P>
</TD>
     <TD style="HEIGHT: 42.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Non-controlling interests </FONT></B></P>
</TD>
     <TD style="HEIGHT: 42.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Consolidated shareholders&#8217; equity </FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>5.01</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Opening balances</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>4,540,000</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>30</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>1,131,298</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>25,140</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>5,696,468</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>38,507</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>5,734,975</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>5.03</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Adjusted opening balances</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>4,540,000</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>30</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>1,131,298</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>25,140</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>5,696,468</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>38,507</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>5,734,975</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>5.04</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Capital transactions with shareholders</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>-284,390</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>-284,390</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>-284,390</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>5.04.04</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Treasury shares acquired</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>-9,390</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>-9,390</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>-9,390</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>5.04.06</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Dividends</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>-275,000</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>-275,000</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>-275,000</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>5.05</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Total comprehensive income</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>-754,725</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>-1,040,896</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>-1,795,621</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>-717</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>-1,796,338</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>5.05.01</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>(Loss) Profit for the period</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>-754,725</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>-754,725</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>-717</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>-755,442</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>5.05.02</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Other comprehensive income</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>-1,040,896</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>-1,040,896</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>-1,040,896</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>5.05.02.04</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Translation adjustments for the period</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>719,875</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>719,875</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>719,875</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>5.05.02.08</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Actuarial gains on defined benefit plan, net of taxes </FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>134</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>134</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>134</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>5.05.02.09</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Available-for-sale assets, net of taxes</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>-319,139</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>-319,139</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>-319,139</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>5.05.02.10</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Loss on percentage change in investments</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>202</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>202</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>202</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>5.05.02.11</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Loss on hedge accounting, net of taxes</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>-1,399,680</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>-1,399,680</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>-1,399,680</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>5.05.02.12</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>(Loss) gain on hedge of net investments in foreign subsidiaries</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>-42,288</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>-42,288</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>-42,288</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>5.06</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Internal changes in shareholders&#8217; equity</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>6</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>6</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>5.06.04</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Non-controlling interests in subsidiaries</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>6</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>6</FONT></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>5.07</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Closing balances</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>4,540,000</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>30</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>846,908</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>-754,725</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>-1,015,756</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>3,616,457</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>37,796</FONT></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>3,654,253</FONT></P>
</TD></TR></TABLE></DIV>
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<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face=Arial>PAGE 16 of 86</FONT></P>
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     <TD width="75%" colSpan=2><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE </FONT></B></TD>
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<IMG src="x15111317003600.jpg" width=118 height=54>
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     <TD width="65%"><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>ITR &#8211;&#8211; </FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Quarterly</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> Financial </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Information</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> -</FONT><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>September</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> 30, 2015 &#8211; CIA SIDERURGICA NACIONAL</FONT></FONT></TD>
     <TD width="10%"><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face=Arial,sans-serif>Version:1</FONT></TD></TR></TABLE>
<DIV align=left>&nbsp;</DIV>
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<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>
<TR style="HEIGHT: 15.75pt">
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<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Consolidated Financial Statements / Statement of Changes in Shareholders&#180; Equity - 1/1/2014 to 9/30/2014</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 15.75pt">
     <TD style="HEIGHT: 15.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="28%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>(In thousand of Reais)</FONT></B></P>
</TD>
     <TD style="HEIGHT: 15.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 15.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 15.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 15.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 15.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 15.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 15.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 15.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>&nbsp;</TD></TR>
<TR style="HEIGHT: 51pt">
     <TD style="HEIGHT: 51pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Code</FONT></B></P>
</TD>
     <TD style="HEIGHT: 51pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%">
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Description</FONT></B></P>
</TD>
     <TD style="HEIGHT: 51pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Paid-in capital </FONT></B></P>
</TD>
     <TD style="HEIGHT: 51pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Capital reserve, granted options and treasury shares</FONT></B></P>
</TD>
     <TD style="HEIGHT: 51pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></B><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Earnings reserve </FONT></B></P>
</TD>
     <TD style="HEIGHT: 51pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Retained earnings/</FONT></B></P>
<FONT style="FONT-SIZE: 8pt"></FONT>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(accumulated losses) </FONT></B></P>
</TD>
     <TD style="HEIGHT: 51pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Other comprehensive income</FONT></B></P>
</TD>
     <TD style="HEIGHT: 51pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Shareholders&#180; Equity</FONT></B></P>
</TD>
     <TD style="HEIGHT: 51pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Non-controlling interests</FONT></B></P>
</TD>
     <TD style="HEIGHT: 51pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Consolidated shareholders' equity</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 13.9pt">
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>5.01</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Opening balances</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>4,540,000</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>30</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>2,839,568</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>716,972</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>8,096,570</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>-27,511</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>8,069,059</FONT></P>
</TD></TR>
<TR style="HEIGHT: 13.9pt">
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>5.03</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Adjusted opening balances</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>4,540,000</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>30</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>2,839,568</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>716,972</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>8,096,570</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>-27,511</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>8,069,059</FONT></P>
</TD></TR>
<TR style="HEIGHT: 13.9pt">
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>5.04</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Capital transactions with shareholders</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>-1,171,288</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>-1,171,288</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>-1,171,288</FONT></P>
</TD></TR>
<TR style="HEIGHT: 13.9pt">
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>5.04.04</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Treasury shares acquired</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>-746,288</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>-746,288</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>-746,288</FONT></P>
</TD></TR>
<TR style="HEIGHT: 13.9pt">
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>5.04.06</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Dividends</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>-425,000</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>-425,000</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>-425,000</FONT></P>
</TD></TR>
<TR style="HEIGHT: 13.9pt">
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>5.04.08</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Treasury shares cancelled</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>679,618</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>679,618</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>679,618</FONT></P>
</TD></TR>
<TR style="HEIGHT: 13.9pt">
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>5.04.09</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Treasury shares cancelled</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>-679,618</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>-679,618</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" face=Arial>-</FONT>679,618</FONT></P>
</TD></TR>
<TR style="HEIGHT: 13.9pt">
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>5.05</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Total comprehensive income</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>-173,056</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>-869,442</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>-1,042,498</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>-6,203</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>-1,048,701</FONT></P>
</TD></TR>
<TR style="HEIGHT: 13.9pt">
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>5.05.01</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Profit for the period</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>-173,056</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>-173,056</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>-6,203</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>-179,259</FONT></P>
</TD></TR>
<TR style="HEIGHT: 13.9pt">
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>5.05.02</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Other comprehensive income</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>-869,442</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>-869,442</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>-869,442</FONT></P>
</TD></TR>
<TR style="HEIGHT: 13.9pt">
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>5.05.02.04</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Cumulative translation adjustments for the period</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>-26,602</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>-26,602</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>-26,602</FONT></P>
</TD></TR>
<TR style="HEIGHT: 13.9pt">
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>5.05.02.08</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Actuarial (losses) gains on defined benefit pension plan, net of taxes</FONT></P>
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     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1,710</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1,710</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1,710</FONT></P>
</TD></TR>
<TR style="HEIGHT: 13.9pt">
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>5.05.02.09</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Available-for-sale financial assets, net of taxes</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>-771,496</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>-771,496</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>-771,496</FONT></P>
</TD></TR>
<TR style="HEIGHT: 13.9pt">
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>5.05.02.10</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>(Loss) gain on percentage change in investments</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-73,054</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-73,054</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-73,054</FONT></P>
</TD></TR>
<TR style="HEIGHT: 13.9pt">
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>5.06</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Internal changes in shareholders&#8217; equity</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>73,065</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>73,065</FONT></P>
</TD></TR>
<TR style="HEIGHT: 13.9pt">
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>5.06.04</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Non-controlling interests in subsidiaries</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>73,065</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>73,065</FONT></P>
</TD></TR>
<TR style="HEIGHT: 13.9pt">
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>5.07</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Closing balances</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>4,540,000</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>30</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>668<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>280</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>-173,056</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>-152,470</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>5<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>882<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>784</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>39,351</FONT></P>
</TD>
     <TD style="HEIGHT: 13.9pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>5,922,135</FONT></P>
</TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 14pt" color=white face="trebuchet ms,sans-serif">30 1,972,130&nbsp;&nbsp; 77,049&nbsp;&nbsp;&nbsp; -53,671&nbsp; 6,535,538&nbsp;&nbsp; -33,431&nbsp; 6,502,107</FONT></P>
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<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face=Arial>PAGE 17 of 86</FONT></P>
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     <TD width="75%" colSpan=2><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE </FONT></B></TD>
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     <TD width="65%"><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>ITR &#8211;&#8211; </FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Quarterly</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> Financial </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Information</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> -</FONT><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>September</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> 30, 2015 &#8211; CIA SIDERURGICA NACIONAL</FONT></FONT></TD>
     <TD width="10%"><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face=Arial,sans-serif>Version:1</FONT></TD></TR></TABLE>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 14pt" color=white face="trebuchet ms,sans-serif"></FONT>&nbsp;</P>
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<TR style="HEIGHT: 15.4pt">
     <TD style="HEIGHT: 15.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="100%" colSpan=4 noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt" face=arial,sans-serif>Consolidated Financial Statements / Statement of Value Added </FONT></B></P>
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     <TD style="HEIGHT: 15.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="59%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 12pt" face=arial,sans-serif>(In thousand of Reais)</FONT></B></P>
</TD>
     <TD style="HEIGHT: 15.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 15.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="21%" noWrap>&nbsp;</TD></TR>
<TR style="HEIGHT: 11pt">
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="46%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="21%" noWrap>&nbsp;</TD></TR>
<TR style="HEIGHT: 11pt">
     <TD style="HEIGHT: 11pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Code </FONT></B></P>
</TD>
     <TD style="HEIGHT: 11pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="46%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Description</FONT></B></P>
</TD>
     <TD style="HEIGHT: 11pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>Nine months ended <BR>
September 30, 2015</FONT></B></P>
</TD>
     <TD style="HEIGHT: 11pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="21%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>Nine months ended <BR>
September 30, 2014</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 11pt">
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>7.01</FONT></P>
</TD>
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="46%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>Revenues</FONT></P>
</TD>
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>13,602,720</FONT></P>
</TD>
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="21%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>14,684,931</FONT></P>
</TD></TR>
<TR style="HEIGHT: 11pt">
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>7.01.01</FONT></P>
</TD>
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="46%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Sales of products and services</FONT></P>
</TD>
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>13,529,608</FONT></P>
</TD>
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="21%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>14,643,220</FONT></P>
</TD></TR>
<TR style="HEIGHT: 11pt">
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>7.01.02</FONT></P>
</TD>
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="46%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Other revenues</FONT></P>
</TD>
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>94,272</FONT></P>
</TD>
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="21%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>52,594</FONT></P>
</TD></TR>
<TR style="HEIGHT: 11pt">
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>7.01.04</FONT></P>
</TD>
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="46%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Allowance for (reversal of) doubtful debts</FONT></P>
</TD>
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>-21,160</FONT></P>
</TD>
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="21%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>-10,883</FONT></P>
</TD></TR>
<TR style="HEIGHT: 11pt">
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>7.02</FONT></P>
</TD>
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="46%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Raw materials acquired from third parties</FONT></P>
</TD>
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>-9,615,972</FONT></P>
</TD>
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="21%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>-9,030,859</FONT></P>
</TD></TR>
<TR style="HEIGHT: 11pt">
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>7.02.01</FONT></P>
</TD>
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="46%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Costs of sales and services</FONT></P>
</TD>
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>-7,537,197</FONT></P>
</TD>
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="21%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>-7,729,543</FONT></P>
</TD></TR>
<TR style="HEIGHT: 11pt">
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>7.02.02</FONT></P>
</TD>
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="46%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Materials, electric power, third-parties services and other</FONT></P>
</TD>
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>-1,903,046</FONT></P>
</TD>
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="21%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>-1,222,881</FONT></P>
</TD></TR>
<TR style="HEIGHT: 11pt">
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>7.02.03</FONT></P>
</TD>
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="46%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Impairment/recovery of assets</FONT></P>
</TD>
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>3,138</FONT></P>
</TD>
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="21%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>-6,331</FONT></P>
</TD></TR>
<TR style="HEIGHT: 11pt">
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>7.02.04</FONT></P>
</TD>
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="46%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Other</FONT></P>
</TD>
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>-178,867</FONT></P>
</TD>
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="21%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>-72,104</FONT></P>
</TD></TR>
<TR style="HEIGHT: 11pt">
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>7.02.04.01</FONT></P>
</TD>
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="46%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Impairment of assets available for sale</FONT></P>
</TD>
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>-178,867</FONT></P>
</TD>
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="21%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>-72,104</FONT></P>
</TD></TR>
<TR style="HEIGHT: 11pt">
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>7.03</FONT></P>
</TD>
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="46%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Gross value added</FONT></P>
</TD>
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>3,986,748</FONT></P>
</TD>
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="21%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>5,654,072</FONT></P>
</TD></TR>
<TR style="HEIGHT: 11pt">
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>7.04</FONT></P>
</TD>
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="46%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Retentions</FONT></P>
</TD>
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>-857,137</FONT></P>
</TD>
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="21%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>-934,555</FONT></P>
</TD></TR>
<TR style="HEIGHT: 11pt">
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>7.04.01</FONT></P>
</TD>
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="46%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Depreciation, amortization and depletion</FONT></P>
</TD>
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>-857,137</FONT></P>
</TD>
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="21%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>-934,555</FONT></P>
</TD></TR>
<TR style="HEIGHT: 11pt">
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>7.05</FONT></P>
</TD>
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="46%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Wealth created</FONT></P>
</TD>
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>3,129,611</FONT></P>
</TD>
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="21%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>4,719,517</FONT></P>
</TD></TR>
<TR style="HEIGHT: 11pt">
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>7.06</FONT></P>
</TD>
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="46%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Value added received as transfer</FONT></P>
</TD>
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>4,687,203</FONT></P>
</TD>
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="21%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>970,429</FONT></P>
</TD></TR>
<TR style="HEIGHT: 11pt">
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>7.06.01</FONT></P>
</TD>
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="46%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Equity pickup</FONT></P>
</TD>
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>1,215,784</FONT></P>
</TD>
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="21%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>84,689</FONT></P>
</TD></TR>
<TR style="HEIGHT: 11pt">
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>7.06.02</FONT></P>
</TD>
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="46%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Finance income</FONT></P>
</TD>
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>205,877</FONT></P>
</TD>
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="21%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>134,217</FONT></P>
</TD></TR>
<TR style="HEIGHT: 11pt">
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>7.06.03</FONT></P>
</TD>
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="46%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Other</FONT></P>
</TD>
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>3,265,542</FONT></P>
</TD>
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="21%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>751,523</FONT></P>
</TD></TR>
<TR style="HEIGHT: 11pt">
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>7.06.03.01</FONT></P>
</TD>
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="46%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Other and exchange variation - gain</FONT></P>
</TD>
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>3,265,542</FONT></P>
</TD>
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="21%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>751,523</FONT></P>
</TD></TR>
<TR style="HEIGHT: 11pt">
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>7.07</FONT></P>
</TD>
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="46%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Wealth for distribution</FONT></P>
</TD>
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>7,816,814</FONT></P>
</TD>
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="21%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>5,689,946</FONT></P>
</TD></TR>
<TR style="HEIGHT: 11pt">
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>7.08</FONT></P>
</TD>
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="46%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Wealth distributed</FONT></P>
</TD>
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>7,816,814</FONT></P>
</TD>
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="21%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>5,689,946</FONT></P>
</TD></TR>
<TR style="HEIGHT: 11pt">
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>7.08.01</FONT></P>
</TD>
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="46%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Personnel</FONT></P>
</TD>
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>1,531,687</FONT></P>
</TD>
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="21%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>1,270,926</FONT></P>
</TD></TR>
<TR style="HEIGHT: 11pt">
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>7.08.01.01</FONT></P>
</TD>
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="46%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Salaries and wages</FONT></P>
</TD>
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>1,215,355</FONT></P>
</TD>
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="21%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>1,007,607</FONT></P>
</TD></TR>
<TR style="HEIGHT: 11pt">
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>7.08.01.02</FONT></P>
</TD>
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="46%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Benefits</FONT></P>
</TD>
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>249,964</FONT></P>
</TD>
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="21%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>202,041</FONT></P>
</TD></TR>
<TR style="HEIGHT: 11pt">
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>7.08.01.03</FONT></P>
</TD>
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="46%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Severance pay fund (FGTS) </FONT></P>
</TD>
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>66,368</FONT></P>
</TD>
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="21%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>61,278</FONT></P>
</TD></TR>
<TR style="HEIGHT: 11pt">
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>7.08.02</FONT></P>
</TD>
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="46%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Taxes, fees and contributions</FONT></P>
</TD>
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>376,348</FONT></P>
</TD>
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="21%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>1,220,251</FONT></P>
</TD></TR>
<TR style="HEIGHT: 11pt">
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>7.08.02.01</FONT></P>
</TD>
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="46%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Federal</FONT></P>
</TD>
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>151,474</FONT></P>
</TD>
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="21%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>1,012,091</FONT></P>
</TD></TR>
<TR style="HEIGHT: 11pt">
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>7.08.02.02</FONT></P>
</TD>
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="46%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>State</FONT></P>
</TD>
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>208,565</FONT></P>
</TD>
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="21%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>180,115</FONT></P>
</TD></TR>
<TR style="HEIGHT: 11pt">
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>7.08.02.03</FONT></P>
</TD>
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="46%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Municipal</FONT></P>
</TD>
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>16,309</FONT></P>
</TD>
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="21%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>28,045</FONT></P>
</TD></TR>
<TR style="HEIGHT: 11pt">
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>7.08.03</FONT></P>
</TD>
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="46%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Return on third-parties capital </FONT></P>
</TD>
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>6,664,221</FONT></P>
</TD>
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="21%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>3,378,028</FONT></P>
</TD></TR>
<TR style="HEIGHT: 11pt">
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>7.08.03.01</FONT></P>
</TD>
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="46%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Interest</FONT></P>
</TD>
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>1,680,031</FONT></P>
</TD>
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="21%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>2,391,954</FONT></P>
</TD></TR>
<TR style="HEIGHT: 11pt">
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>7.08.03.02</FONT></P>
</TD>
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="46%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Leases</FONT></P>
</TD>
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>11,224</FONT></P>
</TD>
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="21%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>11,397</FONT></P>
</TD></TR>
<TR style="HEIGHT: 11pt">
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>7.08.03.03</FONT></P>
</TD>
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="46%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Other</FONT></P>
</TD>
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>4,972,966</FONT></P>
</TD>
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="21%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>974,677</FONT></P>
</TD></TR>
<TR style="HEIGHT: 11pt">
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>7.08.03.03.01</FONT></P>
</TD>
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="46%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Other and exchange variation - loss</FONT></P>
</TD>
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>4,972,966</FONT></P>
</TD>
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="21%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>974,677</FONT></P>
</TD></TR>
<TR style="HEIGHT: 11pt">
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>7.08.04</FONT></P>
</TD>
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="46%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Shareholders</FONT></P>
</TD>
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>-755,442</FONT></P>
</TD>
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="21%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>-179,259</FONT></P>
</TD></TR>
<TR style="HEIGHT: 11pt">
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>7.08.04.03</FONT></P>
</TD>
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="46%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Retained earnings / Loss for the period</FONT></P>
</TD>
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>-754,725</FONT></P>
</TD>
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="21%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>-173,056</FONT></P>
</TD></TR>
<TR style="HEIGHT: 11pt">
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif>7.08.04.04</FONT></P>
</TD>
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="46%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>Non-controlling interests in retained earnings</FONT></P>
</TD>
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>-717</FONT></P>
</TD>
     <TD style="HEIGHT: 11pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="21%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>-6,203</FONT></P>
</TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face=Arial>PAGE 18 of 86</FONT></P>
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     <TD width="75%" colSpan=2><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE </FONT></B></TD>
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<IMG src="x15111317003600.jpg" width=118 height=54>
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     <TD width="65%"><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>ITR &#8211;&#8211; </FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Quarterly</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> Financial </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Information</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> -</FONT><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>September</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> 30, 2015 &#8211; CIA SIDERURGICA NACIONAL</FONT></FONT></TD>
     <TD width="10%"><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face=Arial,sans-serif>Version:1</FONT></TD></TR></TABLE>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=arial,sans-serif>Comments on the Company&#180;s Consolidated Performance</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt"><STRONG><FONT face=Arial></FONT></STRONG>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" color=#002060 face=calibri,sans-serif>Economic Scenario</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif>Throughout 2015, the improvement in economic activity in the United States and the UK contrasted with the slower recovery in the Eurozone and the recession in Brazil and Japan. The IMF expects the global economy to grow by 3.3% in 2015, slightly less than in 2014 and by 3.8% in 2016. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif>The U.S. economy decelerated in the third quarter, recording growth of 1.5%, versus 3.9% in the previous three months. However, domestic demand remained solid and the labor market continued to expand, increasing expectations that the FED would begin the upward interest rate cycle shortly.&nbsp; </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif>In China, the third-quarter figures indicate the continuation of the economic accommodation process. GDP recorded a year-on-year growth of 6.9%, the lowest result since 2Q09. The country's authorities resumed the discussions focused on medium-term reforms and signaled that the current growth rate is acceptable. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif>In Brazil, the activity indicators are pointing to an even greater deterioration in 3Q15, characterized by economic shrinkage, high interest rates and inflation. As a result, uncertainty has led to greater risk aversion and the depreciation of the real. In this context, the government announced new fiscal measures after the downgrading of sovereign rating and the loss of investment-grade status. The Central Bank&#8217;s Focus report estimates an economic downturn of 3.10% in 2015, with inflation of 9.99%. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif>Industrial production fell by 10.9% in September, over the same month last year, primarily due to the 31.7% reduction in capital goods output. The labor market continues to deteriorate. According to the IBGE&#8217;s Monthly Employment Survey, the country&#8217;s unemployment rate reached 7.6% in September.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=calibri,sans-serif></FONT></B>&nbsp;</P>
<DIV align=center>
<TABLE style="WIDTH: 100%; BACKGROUND: white" cellSpacing=0 cellPadding=0 border=0>
<TR style="HEIGHT: 3pt">
     <TD style="HEIGHT: 3pt; BACKGROUND: navy; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="57%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%" color=white face=calibri,sans-serif><B><FONT lang=EN-US style="FONT-SIZE: 10pt" color=white face=calibri,sans-serif>Macroeconomic <FONT style="FONT-SIZE: 10pt" face=Calibri>Forecast</FONT></FONT></B></FONT></P>
</TD>
     <TD style="HEIGHT: 3pt; BACKGROUND: navy; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="22%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 115%" align=center><FONT style="LINE-HEIGHT: 115%" color=white face=calibri,sans-serif><FONT lang=EN-US style="FONT-SIZE: 10pt" color=white face=calibri,sans-serif>2015</FONT></FONT></P>
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     <TD style="HEIGHT: 3pt; BACKGROUND: navy; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="21%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 115%" align=center><FONT style="LINE-HEIGHT: 115%" color=white face=calibri,sans-serif><FONT lang=EN-US style="FONT-SIZE: 10pt" color=white face=calibri,sans-serif>2016</FONT></FONT></P>
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<TR style="HEIGHT: 16.9pt">
     <TD style="HEIGHT: 16.9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="57%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%" face=calibri,sans-serif><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif>IPCA (%)</FONT></FONT></P>
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     <TD style="HEIGHT: 16.9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="22%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 115%" align=center><FONT style="LINE-HEIGHT: 115%" color=black face=calibri,sans-serif><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=calibri,sans-serif>9.99</FONT></FONT></P>
</TD>
     <TD style="HEIGHT: 16.9pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="21%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 115%" align=center><FONT style="LINE-HEIGHT: 115%" color=black face=calibri,sans-serif><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=calibri,sans-serif>6.47</FONT></FONT></P>
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<TR style="HEIGHT: 3pt">
     <TD style="HEIGHT: 3pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="57%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%" face=calibri,sans-serif><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif>Commercial dollar (<FONT style="FONT-SIZE: 10pt" face=Calibri>EoP</FONT> - R$)</FONT></FONT></P>
</TD>
     <TD style="HEIGHT: 3pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="22%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 115%" align=center><FONT style="LINE-HEIGHT: 115%" color=black face=calibri,sans-serif><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=calibri,sans-serif>4.00</FONT></FONT></P>
</TD>
     <TD style="HEIGHT: 3pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="21%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 115%" align=center><FONT style="LINE-HEIGHT: 115%" color=black face=calibri,sans-serif><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=calibri,sans-serif>4.20</FONT></FONT></P>
</TD></TR>
<TR style="HEIGHT: 3pt">
     <TD style="HEIGHT: 3pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="57%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%" face=calibri,sans-serif><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif>SELIC target (EoP - %)</FONT></FONT></P>
</TD>
     <TD style="HEIGHT: 3pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="22%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 115%" align=center><FONT style="LINE-HEIGHT: 115%" color=black face=calibri,sans-serif><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=calibri,sans-serif>14.25</FONT></FONT></P>
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     <TD style="HEIGHT: 3pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="21%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 115%" align=center><FONT style="LINE-HEIGHT: 115%" color=black face=calibri,sans-serif><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=calibri,sans-serif>13.25</FONT></FONT></P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%" face=calibri,sans-serif><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif>GDP (% growth)</FONT></FONT></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 115%" align=center><FONT style="LINE-HEIGHT: 115%" color=black face=calibri,sans-serif><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=calibri,sans-serif>-3.10</FONT></FONT></P>
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     <TD style="HEIGHT: 3pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="21%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 115%" align=center><FONT style="LINE-HEIGHT: 115%" color=black face=calibri,sans-serif><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=calibri,sans-serif>-1.90</FONT></FONT></P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%" face=calibri,sans-serif><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif>Industrial Production (%)</FONT></FONT></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 115%" align=center><FONT style="LINE-HEIGHT: 115%" color=black face=calibri,sans-serif><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=calibri,sans-serif>-7.40</FONT></FONT></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 115%" align=center><FONT style="LINE-HEIGHT: 115%" color=black face=calibri,sans-serif><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=calibri,sans-serif>-2.00</FONT></FONT></P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%" face=calibri,sans-serif><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif>Source: FOCUS BACEN</FONT></FONT></P>
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<P style="MARGIN: 6pt 0cm 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt" face=calibri,sans-serif>Base: 11/06/2015</FONT></P>
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<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face=Arial>PAGE 19 of 86</FONT></P>
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     <TD width="75%" colSpan=2><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE </FONT></B></TD>
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     <TD width="65%"><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>ITR &#8211;&#8211; </FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Quarterly</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> Financial </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Information</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> -</FONT><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>September</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> 30, 2015 &#8211; CIA SIDERURGICA NACIONAL</FONT></FONT></TD>
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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt" color=#002060 face=calibri,sans-serif>CSN Consolidated Result </FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 13pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=calibri,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0cm 18pt; LINE-HEIGHT: 13pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=calibri,sans-serif><FONT lang=EN-US style="FONT-SIZE: 10pt" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=calibri,sans-serif>CSN posted consolidated</FONT><B><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=calibri,sans-serif> net revenue </FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=calibri,sans-serif>of R$3,956 million in 3Q15, 7% up on 2Q15, positively influenced by higher sales volume from mining operations and the depreciation of the real against the U.S. dollar.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0in 0.25in; LINE-HEIGHT: 13pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0in 0.25in; LINE-HEIGHT: 13pt; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=calibri,sans-serif>&nbsp;</FONT><B><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=calibri,sans-serif>Cost of goods sold (COGS)</FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=calibri,sans-serif> totaled R$3,015 million, 6% more than in 2Q15, mainly due to the increase in sales volume from mining operations.</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0in 0.25in; LINE-HEIGHT: 13pt; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=calibri,sans-serif>Third-quarter </FONT><B><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=calibri,sans-serif>gross profit </FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=calibri,sans-serif>came to R$941 million, 12% up on 2Q15, while gross margin increased by 1.0 p.p. on the same comparison basis, reaching 24% in 3Q15.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 13pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face=calibri,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0in 0.25in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><B><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=calibri,sans-serif>Selling, general and administrative expenses (SG&amp;A)</FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=calibri,sans-serif> totaled R$531 million in 3Q15, 26% up on 2Q15, largely because of higher iron ore freight expenses, given- the increase in CIF sales and higher export sales expenses, and due to the higher expenses with sales of steel in the foreign market.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" color=black face=calibri,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0in 0.25in; LINE-HEIGHT: 13pt; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><B><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=calibri,sans-serif>Other operating income and expenses </FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=calibri,sans-serif>totaled R$85 million in 3Q15, a 62% reduction over the R$223 million posted in 2Q15, particularly influenced by lower expenses with provisions. During 3Q15, the Company recognized impairment of R$81 million due to the reduction in the market value of Usiminas&#8217; preferred shares.</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" color=red face=calibri,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0in 0.25in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=calibri,sans-serif>Third-quarter</FONT><B><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=calibri,sans-serif> net proportional financial result </FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=calibri,sans-serif>was negative by R$779 million, due to: i) Interest on loans and financing ex-</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif>exchange rate variation totaling R$1.304 million; ii) positive result from exchange and monetary variations amounting R$133 million and iii) financial </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=calibri,sans-serif>revenues of R$123 million. </FONT></P>
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<P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 8.5pt; TEXT-AUTOSPACE: ideograph-numeric" color=white face=calibri,sans-serif>Financial Result (R$ MM) </FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 17.05pt" align=right><B><FONT style="FONT-SIZE: 8.5pt; TEXT-AUTOSPACE: ideograph-numeric" color=white face=calibri,sans-serif>1Q15</FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 17.05pt" align=right><B><FONT style="FONT-SIZE: 8.5pt; TEXT-AUTOSPACE: ideograph-numeric" color=white face=calibri,sans-serif>2Q15</FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 17.05pt" align=right><B><FONT style="FONT-SIZE: 8.5pt; TEXT-AUTOSPACE: ideograph-numeric" color=white face=calibri,sans-serif>3Q15</FONT></B></P>
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<P style="MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 17.05pt"><B><FONT style="FONT-SIZE: 8.5pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>Financial Result - IFRS</FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif><FONT style="FONT-SIZE: 8pt" face=Calibri>(</FONT>870)</FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif><FONT style="FONT-SIZE: 8pt" face=Calibri>(</FONT>772)</FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif><FONT style="FONT-SIZE: 8pt" face=Calibri>(</FONT>1<FONT style="FONT-SIZE: 8pt" face=Calibri>,</FONT>549)</FONT></B></P>
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<P style="MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 17.05pt"><B><FONT lang=EN-US style="FONT-SIZE: 8.5pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>(+) Financial Result of Joint-Venture</FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>500</FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif><FONT style="FONT-SIZE: 8pt" face=Calibri>(</FONT>114)</FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>770</FONT></B></P>
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<P style="MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 34pt"><FONT style="FONT-SIZE: 8.5pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>(+) Namisa (60%)</FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8.5pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>520</FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8.5pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif><FONT style="FONT-SIZE: 8pt" face=Calibri>(</FONT>92)</FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8.5pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>800</FONT></P>
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<P style="MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 34pt"><FONT style="FONT-SIZE: 8.5pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>(+) MRS (33,27%)</FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8.5pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif><FONT style="FONT-SIZE: 8pt" face=Calibri>(</FONT>20)</FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8.5pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>(22)</FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8.5pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif><FONT style="FONT-SIZE: 8pt" face=Calibri>(</FONT>29)</FONT></P>
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     <TD style="HEIGHT: 14.1pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="55%">
<P style="MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 17.05pt"><B><FONT style="FONT-SIZE: 8.5pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>(=) Proporcional Financial Result</FONT></B></P>
</TD>
     <TD style="HEIGHT: 14.1pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif><FONT style="FONT-SIZE: 8pt" face=Calibri>(</FONT>370)</FONT></B></P>
</TD>
     <TD style="HEIGHT: 14.1pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif><FONT style="FONT-SIZE: 8pt" face=Calibri>(</FONT>886)</FONT></B></P>
</TD>
     <TD style="HEIGHT: 14.1pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif><FONT style="FONT-SIZE: 8pt" face=Calibri>(</FONT>779)</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 14.1pt">
     <TD style="HEIGHT: 14.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="55%">
<P style="MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 34.15pt"><B><FONT style="FONT-SIZE: 8.5pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>Financial Revenues</FONT></B></P>
</TD>
     <TD style="HEIGHT: 14.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>63</FONT></B></P>
</TD>
     <TD style="HEIGHT: 14.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>58</FONT></B></P>
</TD>
     <TD style="HEIGHT: 14.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>123</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 14.1pt">
     <TD style="HEIGHT: 14.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="55%">
<P style="MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 34.15pt"><B><FONT style="FONT-SIZE: 8.5pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>Financial Expenses</FONT></B></P>
</TD>
     <TD style="HEIGHT: 14.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif><FONT style="FONT-SIZE: 8pt" face=Calibri>(</FONT>433)</FONT></B></P>
</TD>
     <TD style="HEIGHT: 14.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif><FONT style="FONT-SIZE: 8pt" face=Calibri>(</FONT>944)</FONT></B></P>
</TD>
     <TD style="HEIGHT: 14.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif><FONT style="FONT-SIZE: 8pt" face=Calibri>(</FONT>901)</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 14.1pt">
     <TD style="HEIGHT: 14.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="55%">
<P style="MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 25.6pt"><B><FONT style="FONT-SIZE: 8.5pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>Financial Expenses (ex-exchange rates variation)</FONT></B></P>
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     <TD style="HEIGHT: 14.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif><FONT style="FONT-SIZE: 8pt" face=Calibri>(</FONT>878)</FONT></B></P>
</TD>
     <TD style="HEIGHT: 14.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif><FONT style="FONT-SIZE: 8pt" face=Calibri>(</FONT>830)</FONT></B></P>
</TD>
     <TD style="HEIGHT: 14.1pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif><FONT style="FONT-SIZE: 8pt" face=Calibri>(</FONT>1<FONT style="FONT-SIZE: 8pt" face=Calibri>,</FONT>034)</FONT></B></P>
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<TR style="HEIGHT: 14.1pt">
     <TD style="HEIGHT: 14.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="55%">
<P style="MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 51.2pt"><B><FONT lang=EN-US style="FONT-SIZE: 8.5pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>Result with Exchange Rate Variation</FONT></B></P>
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     <TD style="HEIGHT: 14.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>445</FONT></B></P>
</TD>
     <TD style="HEIGHT: 14.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif><FONT style="FONT-SIZE: 8pt" face=Calibri>(</FONT>114)</FONT></B></P>
</TD>
     <TD style="HEIGHT: 14.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 8.5pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>133</FONT></B></P>
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<TR style="HEIGHT: 14.1pt">
     <TD style="HEIGHT: 14.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="55%">
<P style="MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 68pt"><FONT lang=EN-US style="FONT-SIZE: 8.5pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>Monetary and Exchange Rate Variation </FONT></P>
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     <TD style="HEIGHT: 14.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8.5pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif><FONT style="FONT-SIZE: 8pt" face=Calibri>(</FONT>482)</FONT></P>
</TD>
     <TD style="HEIGHT: 14.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8.5pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>82</FONT></P>
</TD>
     <TD style="HEIGHT: 14.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8.5pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif><FONT style="FONT-SIZE: 8pt" face=Calibri>(</FONT>1<FONT style="FONT-SIZE: 8pt" face=Calibri>,</FONT>751)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 14.1pt">
     <TD style="HEIGHT: 14.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="55%">
<P style="MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 68pt"><FONT style="FONT-SIZE: 8.5pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>Hedge Accounting</FONT></P>
</TD>
     <TD style="HEIGHT: 14.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8.5pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>428</FONT></P>
</TD>
     <TD style="HEIGHT: 14.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8.5pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif><FONT style="FONT-SIZE: 8pt" face=Calibri>(</FONT>82)</FONT></P>
</TD>
     <TD style="HEIGHT: 14.1pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8.5pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>1<FONT style="FONT-SIZE: 8pt" face=Calibri>,</FONT>214</FONT></P>
</TD></TR>
<TR style="HEIGHT: 14.1pt">
     <TD style="HEIGHT: 14.1pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="55%">
<P style="MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 68pt"><FONT lang=EN-US style="FONT-SIZE: 8.5pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>Notional Amount of Derivatives Contracted</FONT></P>
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     <TD style="HEIGHT: 14.1pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8.5pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>500</FONT></P>
</TD>
     <TD style="HEIGHT: 14.1pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8.5pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif><FONT style="FONT-SIZE: 8pt" face=Calibri>(</FONT>114)</FONT></P>
</TD>
     <TD style="HEIGHT: 14.1pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8.5pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>671</FONT></P>
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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0cm 18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=red face=calibri,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0cm 18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0in 0.25in; LINE-HEIGHT: 13pt; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=calibri,sans-serif>The Company posted </FONT><B><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=calibri,sans-serif>net loss </FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=calibri,sans-serif>of R$533 million in 3Q15, 13% lower quarter-on-quarter, due to the increase in gross profit and the positive equity result of R$861 million. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 13pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=calibri,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0in 0.25in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif>Adjusted</FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif> </FONT><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif>EBITDA </FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif>amounted to R$853 million in 3Q15, 6% higher than the previous quarter. The adjusted EBITDA margin was 20% in 3Q15, in line with the 2Q15 margin. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0cm 18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0cm 18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face=Arial>PAGE 20 of 86</FONT></P>
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     <TD width="75%" colSpan=2><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE </FONT></B></TD>
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     <TD width="65%"><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>ITR &#8211;&#8211; </FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Quarterly</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> Financial </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Information</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> -</FONT><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>September</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> 30, 2015 &#8211; CIA SIDERURGICA NACIONAL</FONT></FONT></TD>
     <TD width="10%"><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face=Arial,sans-serif>Version:1</FONT></TD></TR></TABLE>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=white face=calibri,sans-serif>R$ Million</FONT></B></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=white face=calibri,sans-serif>3Q14</FONT></B></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=white face=calibri,sans-serif>2Q15</FONT></B></P>
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     <TD style="BACKGROUND: navy; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=2>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=white face=calibri,sans-serif>3Q15</FONT></B></P>
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     <TD style="BACKGROUND: navy; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" colSpan=2>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=white face=calibri,sans-serif>Change</FONT></B></P>
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     <TD style="BACKGROUND: navy; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=white face=calibri,sans-serif>3Q15 x 3Q14</FONT></B></P>
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     <TD style="BACKGROUND: navy; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=white face=calibri,sans-serif>3Q15 x 2Q15</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>Adjusted EBITDA&#185;</FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>977 </FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>801 </FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>853 </FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>-13%</FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>6%</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>(-) Proportionate EBITDA of Joint Ventures</FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif></FONT><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>58 </FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>104 </FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>159 </FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>174%</FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>53%</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>(+) Share of Profit (Loss) of Investees</FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif></FONT><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>197 </FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>(44)</FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>861 </FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>-</FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>-</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>(+) Other Operating Income (Expenses)</FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>(63)</FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>(223)</FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>(85)</FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>35%</FONT></P>
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     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>-62%</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>(+) Finance Income</FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>(944)</FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>(772)</FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>(1<FONT style="FONT-SIZE: 10pt" face=Calibri>,</FONT>549)</FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>64%</FONT></P>
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     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>101%</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>(+) Income Tax and Social Contribution</FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif></FONT><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>(33)</FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>5 </FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>(169)</FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>-</FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>-</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>(-) Depreciation</FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>326 </FONT></P>
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     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>279 </FONT></P>
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     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>285 </FONT></P>
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     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>-13%</FONT></P>
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     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>2%</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>Profit (loss) for the Period</FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif></FONT></B><B><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>(250)</FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>(615)</FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>(533)</FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>113%</FONT></B></P>
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     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>-13%</FONT></B></P>
</TD></TR></TABLE><FONT lang=EN-US style="FONT-SIZE: 8.5pt" face=calibri,sans-serif>&#185; Adjusted EBITDA is calculated based on net income/loss, plus depreciation and amortization, income tax, net financial result, results from investees and other operating revenue (expenses). Adjusted EBITDA also includes the proportional share of EBITDA of the jointly-owned investees: Namisa, MRS Log&#237;stica and CBSI.</FONT></DIV></DIV>
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</FONT><B><FONT lang=EN-US style="FONT-SIZE: 12pt" color=#002060 face=calibri,sans-serif><FONT style="FONT-SIZE: 12pt" face=Calibri>Ind</FONT>ebtedness </FONT></B></P>
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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif>Gross debt, net debt and the net debt/EBITDA ratio presented below reflect the Company&#8217;s proportional interest in Namisa, MRS Log&#237;stica and CBSI, and includes financial investments as collateral for foreign exchange transactions on <FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif>the BM&amp;F. On September 30, 2015, consolidated net debt totaled R$23.4 billion, while the net debt/<FONT style="FONT-SIZE: 10pt" face=Calibri>LTM </FONT>EBITDA ratio was 6.6x. </FONT></FONT></P>
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     <TD width="75%" colSpan=2><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE </FONT></B></TD>
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     <TD width="65%"><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>ITR &#8211;&#8211; </FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Quarterly</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> Financial </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Information</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> -</FONT><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>September</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> 30, 2015 &#8211; CIA SIDERURGICA NACIONAL</FONT></FONT></TD>
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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt" color=#002060 face=calibri,sans-serif>Foreign Exchange Exposure</FONT></B></P>
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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=windowtext face=calibri,sans-serif>In order to manage the exposure in dollars, CSN considers the proportional consolidation of the jointly controlled Namisa, in which CSN holds 60% stake.</FONT></P>
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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=windowtext face=calibri,sans-serif>The net foreign exchange exposure generated by the difference between assets and liabilities in US dollars, derivative instruments and hedge accounting recorded in CSN, was US$457 million on 09/30/2015.</FONT></P>
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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=windowtext face=calibri,sans-serif>The derivatives form a long USD position achieved by the purchase of NDFs (Non-Deliverable Forwards).</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=windowtext face=calibri,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=windowtext face=calibri,sans-serif>The hedge accounting adopted by CSN correlates the projected exports flow in dollars with part of the scheduled debt principal payments in the same currency. Therefore, the exchange variation of the dollar-denominated debt is temporarily booked on shareholder&#8217;s equity, flowing through P&amp;L when the revenues in USD from exports occur.</FONT></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt" color=white face=calibri,sans-serif>Foreign Exchange Exposure (US$ Million)</FONT></B></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=white face=calibri,sans-serif></FONT></B>&nbsp;</P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=white face=calibri,sans-serif>09/30/2015 </FONT></B></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=white face=calibri,sans-serif></FONT></B>&nbsp;</P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=white face=calibri,sans-serif>CSN &amp; Subsidiaries</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=white face=calibri,sans-serif>&nbsp;(IFRS)</FONT></B></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=white face=calibri,sans-serif>Namisa 60%</FONT></B></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=white face=calibri,sans-serif>Proportional </FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=white face=calibri,sans-serif>Consolidation</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>Cash and cash equivalents overseas</FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif></FONT><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>1<FONT style="FONT-SIZE: 10pt" face=Calibri>,</FONT>177 </FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>925 </FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>2<FONT style="FONT-SIZE: 10pt" face=Calibri>,</FONT>102 </FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>Accounts receivables</FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>195 </FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>28 </FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>223 </FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>Total assets</FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif></FONT></B>&nbsp;</P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>1<FONT style="FONT-SIZE: 10pt" face=Calibri>,</FONT>372 </FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>953 </FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>2<FONT style="FONT-SIZE: 10pt" face=Calibri>,</FONT>325 </FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>Borrowings and financing</FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>(4<FONT style="FONT-SIZE: 10pt" face=Calibri>,</FONT>576)</FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>- </FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>(4<FONT style="FONT-SIZE: 10pt" face=Calibri>,</FONT>576)</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>Accounts Payable</FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>(110)</FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>(16)</FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>(126)</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>Other liabilities</FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>(16)</FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>(1)</FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>(17)</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>Total liabilities</FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif></FONT></B>&nbsp;</P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>(4<FONT style="FONT-SIZE: 10pt" face=Calibri>,</FONT>701)</FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>(17)</FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>(4<FONT style="FONT-SIZE: 10pt" face=Calibri>,</FONT>719)</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>Foreign exchange exposure</FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif></FONT></B>&nbsp;</P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>(3<FONT style="FONT-SIZE: 10pt" face=Calibri>,</FONT>329)</FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>935 </FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>(2<FONT style="FONT-SIZE: 10pt" face=Calibri>,</FONT>394)</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>Notional amount of derivatives contracted, net</FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif></FONT></B><B><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>1<FONT style="FONT-SIZE: 10pt" face=Calibri>,</FONT>285 </FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>- </FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>1<FONT style="FONT-SIZE: 10pt" face=Calibri>,</FONT>285 </FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>Cash flow hedge accounting</FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>1<FONT style="FONT-SIZE: 10pt" face=Calibri>,</FONT>566 </FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>- </FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>1<FONT style="FONT-SIZE: 10pt" face=Calibri>,</FONT>566 </FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>Net foreign exchange exposure</FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif></FONT></B>&nbsp;</P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>(478)</FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>935 </FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>457 </FONT></B></P>
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<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face=Arial>PAGE 22 of 86</FONT></P>
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     <TD width="75%" colSpan=2><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE </FONT></B></TD>
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     <TD width="65%"><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>ITR &#8211;&#8211; </FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Quarterly</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> Financial </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Information</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> -</FONT><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>September</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> 30, 2015 &#8211; CIA SIDERURGICA NACIONAL</FONT></FONT></TD>
     <TD width="10%"><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face=Arial,sans-serif>Version:1</FONT></TD></TR></TABLE>
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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt" color=#002060 face=calibri,sans-serif>Capex</FONT></B></P>
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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif>In the 3Q15, CSN took advantage of opportunities to accelerate projects that enhance competitiveness, such as:</FONT></P>
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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>&#8226;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif>New mining equipments acquisition (trucks, shovels, etc), accelerating part of the investment scheduled for 2016 due to current advantageous loan terms. These equipments are already contributing to cost reduction in the mining business in 2015.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 36pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=arial,sans-serif>&#8226;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif>Accelerated development of Arcos&#180;s clinker kiln, enabling higher operational margins in the Southeastern System.</FONT></P>
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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif>CSN&#8217;s investments totaled R$803 million in 3Q15, in accordance with IFRS, as shown in the table below. 9M15 investments amounted to R$1,704 million.</FONT></P>
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<P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=white face=calibri,sans-serif>Investments (R$ MM)</FONT></B></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=white face=calibri,sans-serif>1Q15</FONT></B></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=white face=calibri,sans-serif>2Q15</FONT></B></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=white face=calibri,sans-serif>3Q15</FONT></B></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=white face=calibri,sans-serif>9M14</FONT></B></P>
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     <TD style="HEIGHT: 15pt; BACKGROUND: navy; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=white face=calibri,sans-serif>9M15</FONT></B></P>
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<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>Steel</FONT></P>
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     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>121</FONT></P>
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     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>159</FONT></P>
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     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>173</FONT></P>
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     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>367</FONT></P>
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     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>453</FONT></P>
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<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>Mining</FONT></P>
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     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>116</FONT></P>
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     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>296</FONT></P>
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     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>473</FONT></P>
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     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>464</FONT></P>
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     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>885</FONT></P>
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<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>Cement</FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>90</FONT></P>
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     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>92</FONT></P>
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     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>139</FONT></P>
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     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>330</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>321</FONT></P>
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<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>Logistics</FONT></P>
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     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>11</FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>13</FONT></P>
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     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>19</FONT></P>
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     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>91</FONT></P>
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     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>43</FONT></P>
</TD></TR>
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<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>Others</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>4</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>0</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>41</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>3</FONT></P>
</TD></TR>
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<P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>Total Investment - IFRS</FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>338 </FONT></B></P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>563 </FONT></B></P>
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     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>803 </FONT></B></P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>1,292 </FONT></B></P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>1,704 </FONT></B></P>
</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt" color=#002060 face=calibri,sans-serif></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt" color=#002060 face=calibri,sans-serif></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt" color=#002060 face=calibri,sans-serif>Working Capital </FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face=calibri,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 13pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif>To calculate the working capital, CSN adjusts its assets and liabilities as demonstrated below: </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 13pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0in 0.5in; LINE-HEIGHT: 13pt; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><B><U><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif>Accounts Receivable</FONT></U></B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif>: Excludes Dividends Receivable , Advances to Employees and Other Credits (Note 5 of financials).</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0in 0.5in; LINE-HEIGHT: 13pt; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><B><U><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif>Inventories</FONT></U></B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif>: Includes Estimated Losses and excludes Spare Parts which are not part of the cash conversion cycle, and will be booked in the Fixed Assets when consumed. (Note 6 of financials)</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0in 0.5in; LINE-HEIGHT: 13pt; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><B><U><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif>Recoverable Taxes:</FONT></U></B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif> Composed only by the Income Tax (IRPJ) and Social Contribution (CSLL) amount&nbsp; included in Recoverable Taxes (Note 7of financials)</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0in 0.5in; LINE-HEIGHT: 13pt; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><B><U><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif>Taxes Payable:</FONT></U></B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif> Composed by the Current Liabilities account Taxes Payable plus Taxes in installments (Note 13 of financials)</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0in 0.5in; LINE-HEIGHT: 13pt; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><B><U><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif>Advance from Clients</FONT></U></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif>:</FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif> Subaccount of Other Liabilities recorded in Current Liabilities (Note 13 of financials)</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 13pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face=calibri,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 13pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif>At the close of 3Q15, working capital applied to the Company&#8217;s businesses totaled R$3,9<FONT style="FONT-SIZE: 10pt" face=Calibri>79</FONT> million, R$595 million more than in 2Q15, particularly due to the increase by R$366 million in accounts receivable and R$255 million in inventories. On the same comparison basis, both inventory turnover and accounts payable widened by 8 days, while average&nbsp;payment period reduced by 1 day.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt" color=#002060 face=calibri,sans-serif></FONT></B>&nbsp;</P>
<DIV align=left>
<DIV align=left>
<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=white face=calibri,sans-serif>Working Capital (R$ MM)</FONT></B></P>
</TD>
     <TD style="BORDER-TOP: white 1pt solid; BACKGROUND: navy; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=2 width="13%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=white face=calibri,sans-serif>3Q14</FONT></B></P>
</TD>
     <TD style="BORDER-TOP: white 1pt solid; BACKGROUND: navy; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=2 width="13%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=white face=calibri,sans-serif>2Q15</FONT></B></P>
</TD>
     <TD style="BORDER-TOP: white 1pt solid; BACKGROUND: navy; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=2 width="13%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=white face=calibri,sans-serif>3Q15</FONT></B></P>
</TD>
     <TD style="BORDER-TOP: white 1pt solid; BACKGROUND: navy; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="28%" colSpan=2>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=white face=calibri,sans-serif>Change</FONT></B></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: navy; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=white face=calibri,sans-serif>3Q15 x 2Q15</FONT></B></P>
</TD>
     <TD style="BACKGROUND: navy; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=white face=calibri,sans-serif>3Q15 x 3Q14</FONT></B></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="33%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>Assets</FONT></B></P>
</TD>
     <TD style="BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>4,513</FONT></B></P>
</TD>
     <TD style="BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>5,698</FONT></B></P>
</TD>
     <TD style="BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>6,371</FONT></B></P>
</TD>
     <TD style="BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>673</FONT></B></P>
</TD>
     <TD style="BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>1,858</FONT></B></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" width="33%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>Accounts Receivable</FONT></P>
</TD>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>1,406</FONT></P>
</TD>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>1,936</FONT></P>
</TD>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>2,302</FONT></P>
</TD>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>366</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: white 1pt solid; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>896</FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="33%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>Inventories</FONT></P>
</TD>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>2,988</FONT></P>
</TD>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>3,583</FONT></P>
</TD>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>3,838</FONT></P>
</TD>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>255</FONT></P>
</TD>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>850</FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="33%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>Recoverable Taxes</FONT></P>
</TD>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>119</FONT></P>
</TD>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>178</FONT></P>
</TD>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>231</FONT></P>
</TD>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>52</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: white 1pt solid; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>111</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="33%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>Liabilities</FONT></B></P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>2,286</FONT></B></P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>2,314</FONT></B></P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>2,392</FONT></B></P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>78</FONT></B></P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>106</FONT></B></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="33%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>Accounts Payable</FONT></P>
</TD>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>1,470</FONT></P>
</TD>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>1,762</FONT></P>
</TD>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>1,724</FONT></P>
</TD>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>(38)</FONT></P>
</TD>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>254</FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="33%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>Salaries and Social Contribution</FONT></P>
</TD>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>254</FONT></P>
</TD>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>236</FONT></P>
</TD>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>282</FONT></P>
</TD>
     <TD style="BORDER-BOTTOM: white 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>46</FONT></P>
</TD>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>28</FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="33%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>Taxes Payable</FONT></P>
</TD>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>539</FONT></P>
</TD>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>286</FONT></P>
</TD>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>328</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>42</FONT></P>
</TD>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>(212)</FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="33%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>Advance from Clients</FONT></P>
</TD>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>23</FONT></P>
</TD>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>30</FONT></P>
</TD>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>59</FONT></P>
</TD>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>28</FONT></P>
</TD>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>36</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="33%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>Working Capital</FONT></B></P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>2,228</FONT></B></P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>3,384</FONT></B></P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>3,979</FONT></B></P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>595</FONT></B></P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>1,751</FONT></B></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="33%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="BORDER-TOP: white 1pt solid; BACKGROUND: navy; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" rowSpan=2 width="33%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=white face=calibri,sans-serif>Turnover Ratio (days)</FONT></B></P>
</TD>
     <TD style="BORDER-TOP: white 1pt solid; BACKGROUND: navy; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=2 width="13%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=white face=calibri,sans-serif>3Q14</FONT></B></P>
</TD>
     <TD style="BORDER-TOP: white 1pt solid; BACKGROUND: navy; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=2 width="13%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=white face=calibri,sans-serif>2Q15</FONT></B></P>
</TD>
     <TD style="BORDER-TOP: white 1pt solid; BACKGROUND: navy; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=2 width="13%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=white face=calibri,sans-serif>3Q15</FONT></B></P>
</TD>
     <TD style="BORDER-TOP: white 1pt solid; BACKGROUND: navy; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="28%" colSpan=2>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=white face=calibri,sans-serif>Change</FONT></B></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: navy; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=white face=calibri,sans-serif>3Q15 x 2Q15</FONT></B></P>
</TD>
     <TD style="BACKGROUND: navy; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=white face=calibri,sans-serif>3Q15 x 3Q14</FONT></B></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="33%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>Receivables</FONT></P>
</TD>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>26</FONT></P>
</TD>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>38</FONT></P>
</TD>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>46</FONT></P>
</TD>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>8</FONT></P>
</TD>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>20</FONT></P>
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     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; BORDER-LEFT: white 1pt solid; PADDING-RIGHT: 3.5pt" vAlign=bottom width="33%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>Accounts Payable</FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>46</FONT></P>
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     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>54</FONT></P>
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     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>53</FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>(1)</FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>7</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>Inventories</FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>94</FONT></P>
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     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>110</FONT></P>
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     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>118</FONT></P>
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     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>8</FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>24</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>Cash Conversion Cycle</FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>74</FONT></B></P>
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     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>94</FONT></B></P>
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     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>111</FONT></B></P>
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     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>17</FONT></B></P>
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     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>37</FONT></B></P>
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<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face=Arial>PAGE 23 of 86</FONT></P>
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     <TD width="75%" colSpan=2><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE </FONT></B></TD>
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     <TD width="65%"><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>ITR &#8211;&#8211; </FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Quarterly</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> Financial </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Information</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> -</FONT><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>September</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> 30, 2015 &#8211; CIA SIDERURGICA NACIONAL</FONT></FONT></TD>
     <TD width="10%"><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face=Arial,sans-serif>Version:1</FONT></TD></TR></TABLE>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman"></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt" color=#002060 face=calibri,sans-serif>Results by Segment </FONT></B></P>
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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif>The Company maintains integrated operations in five business segments: steel, mining, logistics, cement and energy. The main assets and/or companies comprising each segment are presented below: </FONT></P>
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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif>The information on CSN&#8217;s five business segments is derived from the accounting data, together with allocations and the apportionment of costs among the segments. Results by segment reflect the Company&#8217;s proportional interest in Namisa, MRS Log&#237;stica and CBSI, as well as the full consolidation of FTL.</FONT></P>
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<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face=Arial>PAGE 24 of 86</FONT></P>
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     <TD width="75%" colSpan=2><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE </FONT></B></TD>
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     <TD width="65%"><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>ITR &#8211;&#8211; </FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Quarterly</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> Financial </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Information</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> -</FONT><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>September</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> 30, 2015 &#8211; CIA SIDERURGICA NACIONAL</FONT></FONT></TD>
     <TD width="10%"><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face=Arial,sans-serif>Version:1</FONT></TD></TR></TABLE>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" color=white face=calibri,sans-serif>Results by Segment 3Q15 </FONT></B></P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" color=white face=calibri,sans-serif>(R$ MM)</FONT></B></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" color=white face=calibri,sans-serif>Steel</FONT></B></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" color=white face=calibri,sans-serif>Mining</FONT></B></P>
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     <TD style="BACKGROUND: navy; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" color=white face=calibri,sans-serif>Logistics (Port)</FONT></B></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" color=white face=calibri,sans-serif>Logistics (Railways)</FONT></B></P>
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     <TD style="BACKGROUND: navy; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" color=white face=calibri,sans-serif>Cement</FONT></B></P>
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     <TD style="BACKGROUND: navy; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" color=white face=calibri,sans-serif>Energy</FONT></B></P>
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     <TD style="BACKGROUND: navy; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" color=white face=calibri,sans-serif>Corporate/</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" color=white face=calibri,sans-serif>Elliminations</FONT></B></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" color=white face=calibri,sans-serif>Consolidated</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>Net Revenue</FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>2,737</FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>942</FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>60</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>295</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>114</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>60</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>(252)</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>3,956</FONT></B></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>Domestic Market</FONT></P>
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     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>1,539</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>14</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>60</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>295</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>114</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>60</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>(252)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>1,830</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>Foreign Market</FONT></P>
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     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>1,198</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>928</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>-</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>-</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>-</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>-</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>(0.1)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>2,126</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>Cost of Goods Sold</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>(2,270)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>(625)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>(37)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>(202)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>(99)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>(50)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>268</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>(3,015)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>Gross Profit</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>467</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>317</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>23</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>93</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>14</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>10</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>17</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>941</FONT></B></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>Seling, General and Administrative Expenses </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>(249)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>(16)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>(4)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>(22)</FONT></P>
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     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>(19)</FONT></P>
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     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>(6)</FONT></P>
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     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>(215)</FONT></P>
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     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>(531)</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>Depreciation</FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>168</FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>94</FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>3</FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>48</FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>13</FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>4</FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>(46)</FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>285</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>Proportional EBITDA of Jointly Controlled Companies</FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>-</FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face="Times New Roman">-</FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face="Times New Roman">-</FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face="Times New Roman">-</FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face="Times New Roman">-</FONT></P>
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     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face="Times New Roman">-</FONT></P>
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     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>159</FONT></P>
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     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>159</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>Adjusted EBITDA </FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>386</FONT></B></P>
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     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>395</FONT></B></P>
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     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>22</FONT></B></P>
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     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>119</FONT></B></P>
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     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>9</FONT></B></P>
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     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>8</FONT></B></P>
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     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>(85)</FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>853</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif></FONT></B>&nbsp;</P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif></FONT></B>&nbsp;</P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif></FONT></B>&nbsp;</P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif></FONT></B>&nbsp;</P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif></FONT></B>&nbsp;</P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif></FONT></B>&nbsp;</P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif></FONT></B>&nbsp;</P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif></FONT></B>&nbsp;</P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif></FONT></B>&nbsp;</P>
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     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>&nbsp;</TD></TR>
<TR>
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     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>&nbsp;</TD>
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     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>&nbsp;</TD></TR>
<TR>
     <TD style="BACKGROUND: navy; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%">
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" color=white face=calibri,sans-serif>Results by Segment 2Q15 </FONT></B></P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" color=white face=calibri,sans-serif>(R$ MM)</FONT></B></P>
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     <TD style="BACKGROUND: navy; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" color=white face=calibri,sans-serif>Steel</FONT></B></P>
</TD>
     <TD style="BACKGROUND: navy; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%">&nbsp;</TD>
     <TD style="BACKGROUND: navy; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" color=white face=calibri,sans-serif>Mining</FONT></B></P>
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     <TD style="BACKGROUND: navy; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%">&nbsp;</TD>
     <TD style="BACKGROUND: navy; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" color=white face=calibri,sans-serif>Logistics (Port)</FONT></B></P>
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     <TD style="BACKGROUND: navy; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%">&nbsp;</TD>
     <TD style="BACKGROUND: navy; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" color=white face=calibri,sans-serif>Logistics (Railways)</FONT></B></P>
</TD>
     <TD style="BACKGROUND: navy; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%">&nbsp;</TD>
     <TD style="BACKGROUND: navy; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" color=white face=calibri,sans-serif>Cement</FONT></B></P>
</TD>
     <TD style="BACKGROUND: navy; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%">&nbsp;</TD>
     <TD style="BACKGROUND: navy; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" color=white face=calibri,sans-serif>Energy</FONT></B></P>
</TD>
     <TD style="BACKGROUND: navy; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%">&nbsp;</TD>
     <TD style="BACKGROUND: navy; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" color=white face=calibri,sans-serif>Corporate/</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" color=white face=calibri,sans-serif>Elliminations</FONT></B></P>
</TD>
     <TD style="BACKGROUND: navy; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%">&nbsp;</TD>
     <TD style="BACKGROUND: navy; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" color=white face=calibri,sans-serif>Consolidated</FONT></B></P>
</TD></TR>
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     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>Net Revenue</FONT></B></P>
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     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>2,764</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>680</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>43</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>280</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>115</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>60</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>(256)</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>3,687</FONT></B></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>Domestic Market</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>1,734</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>35</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>43</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>280</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>115</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>60</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>(291)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>1,978</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>Foreign Market</FONT></P>
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     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>1,030</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>645</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>-</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>-</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>-</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>-</FONT></P>
</TD>
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     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>34</FONT></P>
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     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>1,710</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>Cost of Goods Sold</FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>(2,224)</FONT></P>
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     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>(534)</FONT></P>
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     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>(32)</FONT></P>
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     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>(199)</FONT></P>
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     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>(75)</FONT></P>
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     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>(48)</FONT></P>
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     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>266</FONT></P>
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     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>(2,847)</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>Gross Profit</FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>540</FONT></B></P>
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     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>146</FONT></B></P>
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     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>11</FONT></B></P>
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     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>81</FONT></B></P>
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     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>40</FONT></B></P>
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     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>12</FONT></B></P>
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     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>10</FONT></B></P>
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     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>840</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>Seling, General and Administrative Expenses </FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>(207)</FONT></P>
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     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>(10)</FONT></P>
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     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>(5)</FONT></P>
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     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>(21)</FONT></P>
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     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>(18)</FONT></P>
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     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>(6)</FONT></P>
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     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>(154)</FONT></P>
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     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>(421)</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>Depreciation</FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>168</FONT></P>
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     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>91</FONT></P>
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     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>3</FONT></P>
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     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>46</FONT></P>
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     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>10</FONT></P>
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     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>4</FONT></P>
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     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>(44)</FONT></P>
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     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>279</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>Proportional EBITDA of Jointly Controlled Companies</FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>-</FONT></P>
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     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>-</FONT></P>
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     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>-</FONT></P>
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     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>-</FONT></P>
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     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>-</FONT></P>
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     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>-</FONT></P>
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     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>104</FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>104</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>Adjusted EBITDA </FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>500</FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>228</FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>9</FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>107</FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>32</FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>11</FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>(85)</FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>801</FONT></B></P>
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<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face=Arial>PAGE 25 of 86</FONT></P>
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     <TD width="75%" colSpan=2><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE </FONT></B></TD>
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     <TD width="65%"><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>ITR &#8211;&#8211; </FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Quarterly</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> Financial </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Information</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> -</FONT><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>September</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> 30, 2015 &#8211; CIA SIDERURGICA NACIONAL</FONT></FONT></TD>
     <TD width="10%"><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face=Arial,sans-serif>Version:1</FONT></TD></TR></TABLE>
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<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt" color=#002060 face=calibri,sans-serif>Steel</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif>According to the World Steel Association (WSA), global crude steel production totaled 1.2 billion tonnes in the first nine months of 2015, 2.5% less than in 9M14. According to the Brazilian Steel Institute (IABr), domestic production dropped by 1.2%, to 25.3 million tonnes in the same period. Domestic flat rolled steel production totaled 17.4 million tonnes in 9M15, 8.2%&nbsp;<FONT style="FONT-SIZE: 10pt" face=Calibri>lower than</FONT>&nbsp;9M14, while apparent steel consumption fell 14.0%, to 16.9 million tonnes, accompanied by domestic sales of 14.2 million tonnes and imports of 2.8 million tonnes. On the other hand, exports came to 10.0 million tonnes, up by 48.6% on 9M14.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif>According to IABr, apparent steel consumption is expected to reduce by 12.8%, to 22.3 million tonnes, with domestic sales of 18.3 million tonnes and imports of 4.0 million tonnes.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif>According to INDA (the Brazilian Steel Distributors&#8217; Association), in 9M15 purchases and sales from the distribution segment fell by 22.6% and 22.4% year-on-year, respectively. Inventories stood at 967,700 tonnes at the close of September 2015, 2.8% less than in the previous month, while inventory turnover stood at 3.9 months. Compared to the same month last year, inventories were reduced by 10%, from 1,048 million tons in September 2014 to 967,700 tons at the end of September 2015. On the same comparison basis the inventory turnover increased from 2.9 months to 3.9 months in September 2015.</FONT></P>
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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=gray face=calibri,sans-serif>Automotive</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT color=#808080 size=2 face=Calibri></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif>According to ANFAVEA (the Auto Manufacturers&#8217; Association), vehicle production totaled 1.9 million units in 9M15, 25% lower than 9M14.</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=calibri,sans-serif> On the same comparison basis, vehicle licensing reduced by 23%, to 1.95 million units. According to ANFAVEA and FENABRAVE (the Vehicle Distributors&#8217; Association), vehicle sales are expected to decline by 27.4% and 23.8%, respectively in 2015.</FONT></P>
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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=gray face=calibri,sans-serif>Construction </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif>According to SECOVI-</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=calibri,sans-serif>SP (the S&#227;o Paulo Residential Builders&#8217; Association), residential real estate launches in the city of S&#227;o Paulo dropped by 31.5% in the first nine months of 2015, while new unit sales reduced by 4.7% year-on-year. The Association expects launches to drop by 23% to 25% in 2015 and new unit sales by 15% to 20%. </FONT></P>
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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=gray face=calibri,sans-serif>Home Appliances</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif>According to the Brazilian Institute of Geography and Statistics (IBGE), home appliance production fell by 14.0% in the first nine months of 2015, compared to the previous year, down by 10.4% in the last twelve months ended August 2015, influenced by the low level of confidence of businessmen and consumers.&nbsp; </FONT></P>
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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" color=gray face=calibri,sans-serif>Results from CSN&#8217;s Steel Operations</FONT></P>
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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif>CSN&#8217;s crude steel production reached 1.0 million tonnes, while consumption of slabs purchased from third parties amounted to 61,000 tonnes, 9% and 12% down on 2Q15, respectively. As a result, flat rolled steel production dropped by 4% over 2Q15, to 989,000 tonnes in 3Q15. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif>In 9M15, crude steel production reduced by 4% over the same period last year, to 3.3 million tonnes, while flat steel production fell 6%, to 3.0 million tonnes.</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=white face=calibri,sans-serif>Flat Steel Production (Parent Company)</FONT></B></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=white face=calibri,sans-serif>2Q15</FONT></B></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=white face=calibri,sans-serif>3Q15</FONT></B></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=white face=calibri,sans-serif>First Nine months</FONT></B></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=white face=calibri,sans-serif>Change</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=white face=calibri,sans-serif>(Thousand tonnes)</FONT></B></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=white face=calibri,sans-serif>9M14</FONT></B></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=white face=calibri,sans-serif>9M15</FONT></B></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=white face=calibri,sans-serif>3Q15 x 2Q15</FONT></B></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=white face=calibri,sans-serif>9M15 x 9M14</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>Crude Steel - P. Vargas Mill (flat steel)</FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>1,119</FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>1,023</FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>3,395</FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>3,257</FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>-9%</FONT></P>
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     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>-4%</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>Purchased Slabs from Third Parties</FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>69</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>61</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>329</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>198</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>-12%</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>-40%</FONT></P>
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     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="32%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>Total Crude Steel</FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>1,188</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>1,084</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>3,724</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>3,456</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>-9%</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>-7%</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="32%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>Total Rolled Products</FONT></P>
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     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>1,032</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>989</FONT></P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>3,251</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>3,041</FONT></P>
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     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>-4%</FONT></P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=calibri,sans-serif>-6%</FONT></P>
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<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face=Arial>PAGE 26 of 86</FONT></P>
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     <TD width="75%" colSpan=2><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE </FONT></B></TD>
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     <TD width="65%"><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>ITR &#8211;&#8211; </FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Quarterly</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> Financial </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Information</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> -</FONT><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>September</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> 30, 2015 &#8211; CIA SIDERURGICA NACIONAL</FONT></FONT></TD>
     <TD width="10%"><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face=Arial,sans-serif>Version:1</FONT></TD></TR></TABLE>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=calibri,sans-serif></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0cm 18pt; TEXT-INDENT: -18pt"><FONT size=2 face=Calibri></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT lang=PT-BR style="FONT-SIZE: 10pt" color=black face=calibri,sans-serif>&nbsp; </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0cm 18pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif>Steel product sales </FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif>totaled 1.2 million tonnes, 6% down quarter-on-quarter. Of this total, 58% came from the domestic market, 39% from overseas subsidiaries and 3% from exports, thus confirming our subsidiaries&#8217; gain of export market share. Total sales reached 3.86 million tonnes in 9M15, 2% less than in 9M14. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face=calibri,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0cm 18pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif>In the third quarter, </FONT><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif>domestic</FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif> steel sales came to 686,000 tonnes, 10% down on 2Q15. Of this total, 645,000 tonnes corresponded to flat steel and 41,000 tonnes to long steel. </FONT></P>
<P style="MARGIN: 0cm 0cm 0cm 35.4pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0cm 18pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif><FONT lang=EN-US style="FONT-SIZE: 10pt" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif>Third-quarter </FONT><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif>foreign</FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif> steel sales amounted to 506,000 tonnes, in line with the 2Q15 figure. Of this total, the overseas subsidiaries sold 461,000 tonnes, 221,000 by LLC, 154,000 by SWT, 86,000 by Lusosider and, 44,000 tonnes of direct exports. </FONT></FONT></P>
<P style="MARGIN: 0in 0in 0in 35.4pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0in 0.25in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif>In 3Q15 CSN increased its share of coated products in total sales volume, according to the strategy of increasing CSN&#8217;s value-added product mix. In the </FONT><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif>domestic market</FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif>, sales of coated such as galvanized and tin plate, accounted for 44% of sales volume compared to the 41% observed in 2Q15. In the foreign market, the increase rise from 66% of sales to 67% in 3Q15.</FONT></P>
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<P style="TEXT-ALIGN: justify; MARGIN-LEFT: 18pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN-LEFT: 18pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif>Net revenue </FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif>totaled R$2,737 million in 3Q15, 1% lower than 2Q15, due to the decrease in volumes of domestic steel sales and by SWT, partially offset by the increase of flat steel export sales and </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=calibri,sans-serif>the depreciation of the real against the U.S. dollar</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif>. </FONT><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif>Average net revenue per tonne </FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif>increased by 2%, from R$2,172 in 2Q15 to R$2,224 in 3Q15.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN-LEFT: 18pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif>In 3Q15, </FONT><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif>COGS</FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif> amounted to R$2,270 million, 2% up on the R$2,225 million posted in 2Q15.</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" color=#000000 face=calibri,sans-serif> </FONT></P>
<FONT size=2 face=Calibri>
<P style="MARGIN-LEFT: 18pt; TEXT-INDENT: -18pt"><FONT size=2><FONT face=Symbol>&#183;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif>The parent company&#8217;s production cost totaled R$1.59 billion in 3Q15, 5% less than in 2Q15, particularly influenced by: i) the 14% reduction in raw material costs, given the lower production volume, and also due to the higher internal coke production; ii) the increase in labor costs given the pay rise due to the collective labour agreement. </FONT></FONT></P>
<P style="MARGIN-LEFT: 18pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=symbol>&#183;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT size=2><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif>The slab production cost reached R$979/t, lower than the R$984/t recorded in 2Q15. In US dollars, the cost reduced 13% to US$278/t compared to US$320/t in 2Q15, helped by the depreciation of the real against the dollar.</FONT></FONT></P>
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<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face=Arial>PAGE 27 of 86</FONT></P>
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     <TD width="75%" colSpan=2><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE </FONT></B></TD>
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     <TD width="65%"><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>ITR &#8211;&#8211; </FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Quarterly</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> Financial </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Information</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> -</FONT><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>September</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> 30, 2015 &#8211; CIA SIDERURGICA NACIONAL</FONT></FONT></TD>
     <TD width="10%"><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face=Arial,sans-serif>Version:1</FONT></TD></TR></TABLE>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0cm 18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 18pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif>Adjusted EBITDA</FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif> amounted to R$386 million in 3Q15, with an adjusted margin of 14%.</FONT></P>
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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt" color=#002060 face=calibri,sans-serif>Mining </FONT></B></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 6pt" face=calibri,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif>In the third quarter, the seaborne iron ore market continued under pressure due to the increasing supply and lower domestic steel demand in China. On the supply side, the capacity closures announced were more than offset by the ramp-up of projects in Australia and Brazil. On the demand side, the weaker investments and construction activities continued to negatively impact steel prices and margins recorded by Chinese steelmakers. In this scenario, iron ore prices dropped by 6% over 2Q15, averaging US$54.90/dmt (Platts, 62% Fe, N. China) in 3Q15.</FONT>&nbsp;</FONT></P>
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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" color=gray face=calibri,sans-serif>Results from CSN&#8217;s Mining Operation</FONT></P>
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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0cm 18pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif>In the third quarter, iron ore </FONT><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif>production</FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif> totaled 7.94 million tonnes<SUP>1</SUP>, 17% up on 2Q15, with record production of 7.46 million tonnes from the Casa de Pedra mine. </FONT></P>
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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0cm 18pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif><FONT lang=EN-US style="FONT-SIZE: 10pt" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif>Iron ore </FONT><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif>purchases</FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif> reached 1.6 million tonne in 3Q15, 60% more than in 2Q15, due to market opportunities.</FONT></FONT></P>
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<P style="MARGIN-LEFT: 18pt; TEXT-INDENT: -18pt"><FONT size=2><FONT face=Symbol>&#183;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif>Iron ore sales reached 7.6 million tonnes1 in 3Q15, 27% up on 2Q15. Of this total, 6.0 million tonnes came from the Casa de Pedra and 1.6 million tonnes1 from Namisa. In addition to iron ore sales to third-parties, the Company allocated 1.4 million tonnes to its own steel production.</FONT></FONT></P>
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     <TD width="75%" colSpan=2><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE </FONT></B></TD>
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     <TD width="65%"><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>ITR &#8211;&#8211; </FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Quarterly</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> Financial </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Information</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> -</FONT><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>September</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> 30, 2015 &#8211; CIA SIDERURGICA NACIONAL</FONT></FONT></TD>
     <TD width="10%"><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face=Arial,sans-serif>Version:1</FONT></TD></TR></TABLE>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 11pt" color=#262626 face=calibri,sans-serif></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0in 0.25in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif>Net revenue</FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif> from mining operations totaled R$942 million in 3Q15, 38% higher than in 2Q15, due to increased sales volumes. The FOB revenue in 3Q15 was US$38/t, unchanged from the previous quarter, while the iron ore price index (Platts 62% Fe, N. China) declined by 6% in the same period.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face=calibri,sans-serif></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0in 0.25in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif>Third-quarter mining </FONT><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif>COGS</FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif> came to R$625 million, 17% higher than the previous quarter, due to sales volume growth, partially offset by lower production costs. In the quarter, Casa de Pedra recorded a delivered cash cost to China of US$ 35.4/wmt, 9% lower compared to 2Q15.</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><SUP><I><FONT lang=EN-US style="FONT-SIZE: 8pt" face=calibri,sans-serif>1</FONT></I></SUP><I><FONT lang=EN-US style="FONT-SIZE: 8pt" face=calibri,sans-serif> Volumes include 100% of the stake in NAMISA</FONT></I><FONT lang=EN-US style="FONT-SIZE: 8pt" face=calibri,sans-serif>.</FONT></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 11pt" color=#262626 face=calibri,sans-serif>Iron Ore Delivered Cash Cost to China </FONT></B></P>
<P style="MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 11pt" color=#262626 face=calibri,sans-serif>(US$/wmt)</FONT></B></P>
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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0cm 18pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif>Third-quarter </FONT><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif>adjusted EBITDA</FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif> from mining operations totaled R$395 million, 74% up on 2Q15, due to: i) the increase in sales volume; ii) the effect from the&nbsp;<FONT style="FONT-SIZE: 10pt" face=Calibri>currency</FONT> depreciation in the quarter; and iii) lower production costs. EBITDA/tonne climbed from R$40.90 in 2Q15 to R$57.04 in 3Q15.</FONT></P>
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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0cm 18pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif><FONT lang=EN-US style="FONT-SIZE: 10pt" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif>The </FONT><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif>EBITDA margin</FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif> from mining operations increased 8.5 p.p. reaching 42% in 3Q15 from 33% in 2Q15, the highest margin recorded since the 1Q14. </FONT></FONT></P>
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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt" color=#002060 face=calibri,sans-serif>Logistics</FONT></B></P>
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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif>According to ANTAQ (the National Waterway Transport Agency), Brazil&#8217;s ports handled 480 million gross tonnes in 1H15, 3.7% higher than the same period in the previous year. Bulk solids handling totaled 295 million tonnes in 1H15, while container handling achieved 4.4 million TEUs<SUP>1</SUP>, in line with the 1H14 figure. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0in 0pt"><SUP><I><FONT lang=EN-US style="FONT-SIZE: 8pt" face=calibri,sans-serif>1</FONT></I></SUP><I><FONT lang=EN-US style="FONT-SIZE: 8pt" face=calibri,sans-serif>TEU (Twenty&#8208;Foot Equivalent Unit) &#8211; transportation unit equivalent to a standard 20-feet intermodal container</FONT></I></P>
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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" color=gray face=calibri,sans-serif>Results from CSN&#8217;s Logistics Operation</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif>Railway Logistics:</FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif> Net revenue from railway logistics amounted to R$295 million in 3Q15, generating adjusted EBITDA of R$119 million, accompanied by an adjusted EBITDA margin of 40%.</FONT></P>
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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif>Port Logistics:</FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif> In the third quarter, Sepetiba Tecon handled 304,000 tonnes of steel products, most of which directed to the foreign market, in addition to 87,000 tonnes of general cargo and approximately 44,000 containers. Net revenue reached R$60 million in 3Q15, generating adjusted EBITDA of R$22 million, with an adjusted EBITDA margin of 37%. </FONT></P>
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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt" color=#002060 face=calibri,sans-serif>Cement</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif>According to IBGE&#8217;s (Brazilian Statistical and Geographical Institute) Monthly Survey of Industry (PIM-PF), Brazil&#8217;s cement production fell 10.8% in 9M15 over 9M14, in line with the civil construction segment&#8217;s performance.</FONT></P>
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     <TD width="75%" colSpan=2><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE </FONT></B></TD>
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     <TD width="65%"><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>ITR &#8211;&#8211; </FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Quarterly</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> Financial </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Information</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> -</FONT><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>September</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> 30, 2015 &#8211; CIA SIDERURGICA NACIONAL</FONT></FONT></TD>
     <TD width="10%"><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face=Arial,sans-serif>Version:1</FONT></TD></TR></TABLE>
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<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=calibri,sans-serif><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif>According to ABRAMAT (the Construction Material Manufacturers&#8217; Association), 9M15 sales of building materials decreased by 11.4% compared to 9M14. The association revised its annual building material sales forecast, from a 1% increase in early 2015, to a 9% reduction.</FONT></FONT></P>
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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" color=gray face=calibri,sans-serif>Results from CSN&#8217;s Cement Operation</FONT></P>
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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif>In 3Q15,</FONT><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif> cement sales </FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif>totaled 582,000 tonnes, 1% higher than 2Q15, while </FONT><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif>net revenues amounted to R$114 million</FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif>.</FONT><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif> Adjusted EBITDA</FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif> reached R$9 million in 3Q15</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif>, with margin of 8%. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif>An unscheduled stoppage at UPV&#8217;s grinding operations resulted in discontinuation of production in Volta Redonda for 37 days. Nevertheless, volume remained virtually stable due to the start-up of additional production capacity in Arcos.&nbsp; </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt" color=#002060 face=calibri,sans-serif></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt" color=#002060 face=calibri,sans-serif></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt" color=#002060 face=calibri,sans-serif>Energy</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; TEXT-DECORATION: none" color=#002060 face=calibri,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif>According to the Energy Research Company (EPE), Brazilian electricity consumption recorded year-on-year reduction of 0.7% in the first nine months of 2015, to 348 TWh. Consumption in the industrial and residential segments fell by 4.5% and 0.7%, respectively, while the commercial segment registered a 1.1% increase. Given this scenario, EPE&#8217;s initial forecast at the close of last year of a 3.1% increase in consumption, was revised down to a 1.5% decline in the second four-month review.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 7pt" color=black face=calibri,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" color=gray face=calibri,sans-serif>Results from CSN&#8217;s Energy Operation</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 4pt" face=calibri,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif>In 3Q15, </FONT><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif>net revenues</FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif> from energy operations totaled R$60 million, </FONT><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif>adjusted EBITDA </FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif>reached R$8 million and the </FONT><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif>EBITDA margin</FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif> was 13%. </FONT></P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; TEXT-AUTOSPACE: ideograph-numeric" color=#002060 face=calibri,sans-serif></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt" color=#002060 face=calibri,sans-serif>Capital Markets </FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 5pt" color=black face=calibri,sans-serif></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif>CSN&#8217;s shares depreciated by 24% in 3Q15, while the IBOVESPA dropped by 15% during the same period. Daily traded volume on the BM&amp;FBovespa averaged R$28.6 million.</FONT><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif>On the New York Stock Exchange (NYSE), CSN&#8217;s American Depositary Receipts (ADRs) fell by 42%, versus the Dow Jones&#8217; 8% depreciation.</FONT><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif>On the NYSE, daily traded volume of CSN&#8217;s ADRs averaged US$2.4 million</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face=calibri,sans-serif>.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=calibri,sans-serif></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 2pt; LAYOUT-GRID-MODE: line" face=calibri,sans-serif></FONT>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face=calibri,sans-serif></FONT>&nbsp;</P>
<DIV align=center>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 11pt; TEXT-AUTOSPACE: ideograph-numeric" color=white face=calibri,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.85pt; BACKGROUND: navy; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="23%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 11pt; TEXT-AUTOSPACE: ideograph-numeric" color=white face=calibri,sans-serif>3Q15</FONT></B></P>
</TD></TR>
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     <TD style="HEIGHT: 11.8pt; BORDER-BOTTOM: navy 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="77%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 11pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>Number of shares in thousand</FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.8pt; BORDER-BOTTOM: navy 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="23%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 11pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>1,387,524</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 11.8pt">
     <TD style="HEIGHT: 11.8pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="77%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 11pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>Market Capitalization</FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.8pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="23%" noWrap>&nbsp;</TD></TR>
<TR style="HEIGHT: 11.8pt">
     <TD style="HEIGHT: 11.8pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="77%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 11pt"><FONT style="FONT-SIZE: 11pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>Closing price (R$/share)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.8pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="23%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 11pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>3.92 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.8pt">
     <TD style="HEIGHT: 11.8pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="77%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 11pt"><FONT style="FONT-SIZE: 11pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>Closing price (US$/ADR)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.8pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="23%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 11pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>0.96 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.8pt">
     <TD style="HEIGHT: 11.8pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="77%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 11pt"><FONT style="FONT-SIZE: 11pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>Market Capitalization (R$ million)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.8pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="23%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 11pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>5,439 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.8pt">
     <TD style="HEIGHT: 11.8pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="77%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 11pt"><FONT style="FONT-SIZE: 11pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>Market Capitalization (US$ million)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.8pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="23%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 11pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>1,330 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.8pt">
     <TD style="HEIGHT: 11.8pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="77%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 11pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>Total return including dividends and interest on equity</FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.8pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="23%">&nbsp;</TD></TR>
<TR style="HEIGHT: 11.8pt">
     <TD style="HEIGHT: 11.8pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="77%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 11pt"><FONT style="FONT-SIZE: 11pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>CSNA3 </FONT></P>
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     <TD style="HEIGHT: 11.8pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="23%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 11pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>-24%</FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.8pt">
     <TD style="HEIGHT: 11.8pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="77%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 11pt"><FONT style="FONT-SIZE: 11pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>SID </FONT></P>
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     <TD style="HEIGHT: 11.8pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="23%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 11pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>-42%</FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.8pt">
     <TD style="HEIGHT: 11.8pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="77%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 11pt"><FONT style="FONT-SIZE: 11pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>Ibovespa</FONT></P>
</TD>
     <TD style="HEIGHT: 11.8pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="23%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 11pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>-15%</FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.8pt">
     <TD style="HEIGHT: 11.8pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="77%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 11pt"><FONT style="FONT-SIZE: 11pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>Dow Jones</FONT></P>
</TD>
     <TD style="HEIGHT: 11.8pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="23%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 11pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>-8%</FONT></P>
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<TR style="HEIGHT: 11.8pt">
     <TD style="HEIGHT: 11.8pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="77%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 11pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>Volume</FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.8pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="23%">&nbsp;</TD></TR>
<TR style="HEIGHT: 11.8pt">
     <TD style="HEIGHT: 11.8pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="77%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 11pt"><FONT style="FONT-SIZE: 11pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>Average daily (thousand shares)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.8pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="23%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 11pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>6,758 </FONT></P>
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     <TD style="HEIGHT: 11.8pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="77%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 11pt"><FONT style="FONT-SIZE: 11pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>Average daily (R$ Thousand)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.8pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="23%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 11pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>28,646 </FONT></P>
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<TR style="HEIGHT: 11.8pt">
     <TD style="HEIGHT: 11.8pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="77%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 11pt"><FONT style="FONT-SIZE: 11pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>Average daily (thousand ADRs)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.8pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="23%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 11pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>2,011 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.8pt">
     <TD style="HEIGHT: 11.8pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="77%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 11pt"><FONT style="FONT-SIZE: 11pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>Average daily (US$ Thousand)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.8pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="23%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 11pt; TEXT-AUTOSPACE: ideograph-numeric" face=calibri,sans-serif>2,407 </FONT></P>
</TD></TR></TABLE></DIV>
<P style="MARGIN: 0cm 0cm 0pt 36pt"><I><FONT lang=EN-US style="FONT-SIZE: 9pt" face=calibri,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Source: Econom&#225;tica</FONT></I></P>
<P style="MARGIN: 0cm 0cm 0pt">&nbsp;</P>
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<P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; BORDER-LEFT: medium none; MARGIN: 0in 0in 0pt; PADDING-RIGHT: 0in"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face=Arial>PAGE 30 of 86</FONT></P>
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     <TD width="75%" colSpan=2><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE </FONT></B></TD>
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     <TD width="65%"><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>ITR &#8211;&#8211; </FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Quarterly</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> Financial </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Information</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> -</FONT><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>September</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> 30, 2015 &#8211; CIA SIDERURGICA NACIONAL</FONT></FONT></TD>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=arial,sans-serif>Notes to the Individual and Consolidated Financial Information for the three and nine-month period ended September 30, 2015</FONT></B></P>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%; TEXT-INDENT: 0.25in" align=right><FONT style="LINE-HEIGHT: 116%" face=arial,sans-serif><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=arial,sans-serif>&nbsp;(Expressed in thousands of reais &#8211; R$, unless otherwise stated)</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in; LINE-HEIGHT: 116%; TEXT-INDENT: -0.25in"><FONT style="LINE-HEIGHT: 116%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>1.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LAYOUT-GRID-MODE: line" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B></FONT><FONT style="LINE-HEIGHT: 116%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>DESCRIPTION OF BUSINESS</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>Companhia Sider&#250;rgica Nacional &#8220;CSN&#8221;, also referred to as the Company or Parent Company, is a publicly-held company incorporated on April 9, 1941, under the laws of the Federative Republic of Brazil (Companhia Sider&#250;rgica Nacional, its subsidiaries, joint ventures, joint operations and associates collectively referred to herein as the "Group&#8221;). The Company&#8217;s registered office is located in S&#227;o Paulo, SP, Brazil.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>CSN has shares listed on the S&#227;o Paulo Stock Exchange (BM&amp;F BOVESPA) and the New York Stock Exchange (NYSE). Accordingly, it reports its information to the Brazilian Securities Commission (CVM) and the U.S. Securities and Exchange Commission (SEC). </FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>The Group's main operating activities are divided into five (5) operating segments as follows: </FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 14.2pt; LINE-HEIGHT: 116%; TEXT-INDENT: -14.2pt"><FONT style="LINE-HEIGHT: 116%" face=symbol><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LAYOUT-GRID-MODE: line" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT><FONT style="LINE-HEIGHT: 116%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>Steel:</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>The Company&#8217;s main industrial facility is the Presidente Vargas Steel Mill (&#8220;UPV&#8221;), located in the city of Volta Redonda, State of Rio de Janeiro. This segment consolidates the operations related to the production, distribution and sale of flat steel, long steel, metallic containers and galvanized steel. In addition to the facilities in Brazil, CSN has operations in the United States, Portugal and Germany aimed at gaining markets and performing excellent services for final consumers. Its steels are used in the home appliances, civil construction and automobile industries. CSN holds the concession to operate TECAR a solid bulk terminal, one of the four terminals that form the Port of Itaguai, located in Rio de Janeiro. Imports of coal and coke are made through this terminal.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 14.2pt; LINE-HEIGHT: 116%; TEXT-INDENT: -14.2pt"><FONT style="LINE-HEIGHT: 116%" face=symbol><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LAYOUT-GRID-MODE: line" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT><FONT style="LINE-HEIGHT: 116%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>Mining:</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>The production of iron ore is developed in the city of Congonhas, in the State of Minas Gerais. It further mines tin in the State of Rond&#244;nia to supply the needs of UPV, with the excess of these raw materials being sold to subsidiaries and third parties.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>Iron ore is substantially sold in the international market, especially in Europe and Asia. The prices in force in these markets are historically cyclical and subject to significant fluctuations over short periods as a result of many factors related to global demand, to the strategies adopted by major steel producers and to the exchange rate. All these factors are beyond the Company's control. The outflow of the ore is done by TECAR.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 14.2pt; LINE-HEIGHT: 116%; TEXT-INDENT: -14.2pt"><FONT style="LINE-HEIGHT: 116%" face=symbol><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LAYOUT-GRID-MODE: line" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT><FONT style="LINE-HEIGHT: 116%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>Cement:</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>CSN entered the cement market boosted by the synergy between this new activity and its already existing businesses. Next to the Presidente Vargas Steel Mill in Volta Redonda (RJ), it installed a new business unit: CSN Cimentos, which produces CP-III type cement by using slag produced by the UPV blast furnaces in Volta Redonda. It also explores limestone and dolomite at the Arches drive in the State of Minas Gerais, to supply the needs of UPV and of the cement plant. </FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 14.2pt; LINE-HEIGHT: 116%; TEXT-INDENT: -14.2pt"><FONT style="LINE-HEIGHT: 116%" face=symbol><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LAYOUT-GRID-MODE: line" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT><FONT style="LINE-HEIGHT: 116%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>Logistics</FONT></B></FONT></P>
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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>Railroads:</FONT></I></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>CSN has equity interests in three railroad companies: MRS Log&#237;stica S. A., which manages the former Southeast Railway System of Rede Ferrovi&#225;ria Federal S.A., Transnordestina Log&#237;stica S. A. (&#8220;TLSA&#8221;) and FTL - Ferrovia Transnordestina Log&#237;stica S.A. (&#8220;FTL&#8221;), which operate the Northeast Railway System of RFFSA, in the States of Maranh&#227;o, Piau&#237;, Cear&#225;, Rio Grande do Norte, Para&#237;ba, Pernambuco and Alagoas, with TLSA being responsible for the sections of Miss&#227;o Velha - Salgueiro, Salgueiro - Trindade, Trindade - Eliseu Martins, Salgueiro - Porto de Suape and Miss&#227;o Velha - Porto de Pec&#233;m (Railway System II) and FTL being responsible for the sections of S&#227;o Luiz - Mucuripe, Arrojado - Recife, Itabaiana - Cabedelo, Paula Cavalcante - Macau and Propri&#225; - Jorge Lins (Railway System I).</FONT></FONT></P>
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     <TD width="75%" colSpan=2><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE </FONT></B></TD>
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     <TD width="65%"><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>ITR &#8211;&#8211; </FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Quarterly</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> Financial </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Information</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> -</FONT><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>September</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> 30, 2015 &#8211; CIA SIDERURGICA NACIONAL</FONT></FONT></TD>
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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>Ports</FONT></I><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>: </FONT></I></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%">&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>In the State of Rio de Janeiro, by means of its subsidiary Sepetiba Tecon S. A., the Company operates the Container Terminal (Tecon) at the Itagua&#237; Port. &nbsp;Located in the Bay of Sepetiba, this port has privileged highway, railroad and maritime access.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>Tecon handles the shipments of CSN steel products, movement of containers, as well as storage, consolidation and deconsolidation of cargo.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 14.2pt; LINE-HEIGHT: 116%; TEXT-INDENT: -14.2pt"><FONT style="LINE-HEIGHT: 116%" face=symbol><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LAYOUT-GRID-MODE: line" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT><FONT style="LINE-HEIGHT: 116%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>Energy:</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif>As energy is fundamental in its production process, the Company has assets for generation of electric power to guarantee its self-sufficiency. </FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>Note 24 - Segment Information provides a breakdown of financial information by business segment of CSN.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in; LINE-HEIGHT: 116%; TEXT-INDENT: -0.25in"><FONT style="LINE-HEIGHT: 116%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>2.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LAYOUT-GRID-MODE: line" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B></FONT><FONT style="LINE-HEIGHT: 116%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>2.a) Basis of preparation</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>The individual and consolidated condensed interim financial statements have been prepared and are being presented in accordance with the International Accounting Standards (IAS 34 &#8211; Interim Financial Reporting) issued by the International Accounting Standards Board (IASB), which correlate in Brazil is the CPC 21 (R1) (Interim Financial Statements and Consolidated Interim Financial Statements) issued by the CPC (Accounting Pronouncements Committee) and approved by CVM (Brazilian Securities Commission).</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>The significant accounting policies applied in these condensed interim financial statements are consistent with the policies described in Note 2 to the Company's financial statements for the year ended December 31, 2014, filed with the CVM. </FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>These condensed interim financial statements do not include all requirements of annual or full financial statements and, accordingly, should be read together with the Company's financial statements for the year ended December 31, 2014.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Therefore, in these condensed interim financial statements the following notes were not repeated, either due to redundancy or to relevance in relation to those already presented in the annual financial statements:</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Note 02 &#8211; Summary of significant accounting policies</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Note 07 - Investments</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Note 14 &#8211; Taxes in installments</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Note 25 &#8211; Employee benefits</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Note 27 - Commitments</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>The individual and consolidated condensed interim financial statements were approved by the Board of Directors on November 12<SUP>th</SUP>, 2015.</FONT></FONT></P>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>2.b) Basis of presentation</FONT></B></FONT></P>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=arial,sans-serif>The consolidated condensed interim financial statements are presented in Brazilian reais (R$), which is the Company&#8217;s functional currency and the Group&#8217;s presentation currency.</FONT></FONT></P>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=arial,sans-serif>Transactions in foreign currencies are translated into the functional currency using the exchange rates in effect at the dates of the transactions or valuation on which items are remeasured. The asset and liability balances are translated at the exchange rate in effect at the end of the reporting period. As of September 30, 2015, US$1 is equivalent to R$3.9729 (R$2.6562 as of December 31, 2014), &#8364;1 is equivalent to R$4.4349 (R$3.2270 as of December 31, 2014).</FONT></FONT></P>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></FONT>&nbsp;</P>
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     <TD width="75%" colSpan=2><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE </FONT></B></TD>
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     <TD width="65%"><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>ITR &#8211;&#8211; </FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Quarterly</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> Financial </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Information</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> -</FONT><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>September</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> 30, 2015 &#8211; CIA SIDERURGICA NACIONAL</FONT></FONT></TD>
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<a name="_bclHeader34"></a><DIV><FONT style="LINE-HEIGHT: 116%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>2.c) Basis of consolidation</FONT></B></FONT></DIV>
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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>The accounting practices were consistently applied to all consolidated companies. </FONT></FONT><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif>The consolidated condensed interim financial statements for the period ended September 30, 2015 and the year ended December 31, 2014 include the following direct and indirect subsidiaries and jointly controlled entities, as well as the exclusive funds as described below:</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%; TEXT-INDENT: -0.55pt"><FONT style="LINE-HEIGHT: 116%" face=symbol><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LAYOUT-GRID-MODE: both" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT><FONT style="LINE-HEIGHT: 116%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif>Companies</FONT></B></FONT></P>
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     <TD width="75%" colSpan=2><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE </FONT></B></TD>
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     <TD width="65%"><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>ITR &#8211;&#8211; </FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Quarterly</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> Financial </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Information</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> -</FONT><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>September</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> 30, 2015 &#8211; CIA SIDERURGICA NACIONAL</FONT></FONT></TD>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>9/30/2015</FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>12/31/2014</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Core business</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><B><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Direct interest in subsidiaries: full consolidation</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>CSN Islands VII Corp.</FONT></P>
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     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>100.00 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>100.00 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="43%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Financial transactions</FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="34%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>CSN Islands IX Corp.</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>100.00 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>100.00 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="43%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Financial transactions</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="34%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>CSN Islands X Corp.</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>100.00 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>100.00 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="43%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Financial transactions</FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="34%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>CSN Islands XI Corp.</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>100.00 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>100.00 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="43%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Financial transactions</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="34%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>CSN Islands XII Corp.</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>100.00 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>100.00 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="43%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Financial transactions</FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="34%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>CSN Minerals S.L.U.</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>100.00 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>100.00 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="43%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Equity interests</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="34%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>CSN Export Europe, S.L.U. </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>100.00 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>100.00 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="43%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Financial transactions and equity interests</FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="34%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>CSN Metals S.L.U.</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>100.00 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>100.00 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="43%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Equity interests and financial transactions </FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="34%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>CSN Americas S.L.U. </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>100.00 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>100.00 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="43%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Equity interests and financial transactions </FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="34%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>CSN Steel S.L.U.</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>100.00 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>100.00 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="43%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Equity interests and financial transactions </FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="34%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>TdBB S.A (*)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>100.00 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>100.00 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="43%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Dormant company</FONT></P>
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     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="34%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Sepetiba Tecon S.A.</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>99.99 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>99.99 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="43%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Port services</FONT></P>
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     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="34%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Minera&#231;&#227;o Nacional S.A.</FONT></P>
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     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>99.99 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>99.99 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="43%">
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Mining and equity interests</FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="34%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Companhia Florestal do Brasil</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>99.99 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>99.99 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="43%">
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Reforestation</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="34%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Estanho de Rond&#244;nia S.A.</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>99.99 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>99.99 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="43%">
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Tin mining</FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="34%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Cia Metalic Nordeste</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>99.99 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>99.99 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="43%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Manufacture of containers and distribution of steel products </FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="34%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Companhia Metal&#250;rgica Prada</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>99.99 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>99.99 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="43%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Manufacture of containers and distribution of steel products </FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="34%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>CSN Cimentos S.A. (1)</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>100.00 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="43%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Cement manufacturing </FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="34%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>CSN Gest&#227;o de Recursos Financeiros Ltda. (*)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>99.99 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>99.99 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="43%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Management of funds and securities portfolio</FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="34%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Congonhas Min&#233;rios S.A.</FONT></P>
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     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>99.99 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>99.99 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="43%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Mining and equity interests</FONT></P>
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     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="34%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>CSN Energia S.A.</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>99.99 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>99.99 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="43%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Sale of electric power</FONT></P>
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     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="34%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>FTL - Ferrovia Transnordestina Log&#237;stica S.A. </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>89.79 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>88.41 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="43%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Railroad logistics</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="34%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Nordeste Log&#237;stica</FONT></P>
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     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>99.99 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="43%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Port services</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="34%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="43%" noWrap>&nbsp;</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="34%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><B><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Indirect interest in subsidiaries: full consolidation</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><B><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><B><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="43%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="34%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Companhia Sider&#250;rgica Nacional LLC</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>100.00 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>100.00 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="43%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Steel</FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="34%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>CSN Europe Lda.</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>100.00 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>100.00 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="43%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Financial transactions, product sales and equity interests </FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="34%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>CSN Ib&#233;ria Lda.</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>100.00 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>100.00 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="43%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Financial transactions, product sales and equity interests </FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="34%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Lusosider Projectos Sider&#250;rgicos S.A.</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>99.94 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>99.94 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="43%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Equity interests and product sales</FONT></P>
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     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="34%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Lusosider A&#231;os Planos, S. A.</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>99.99 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>99.99 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="43%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Steel and equity interests</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>CSN Acquisitions, Ltd.</FONT></P>
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     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>100.00 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>100.00 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="43%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Financial transactions and equity interests</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="34%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>CSN Resources S.A.</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>100.00 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>100.00 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="43%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Financial transactions and equity interests</FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="34%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>CSN Holdings (UK) Ltd </FONT></P>
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<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>100.00 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>100.00 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="43%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Financial transactions and equity interests</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="34%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>CSN Handel GmbH </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>100.00 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>100.00 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="43%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Financial transactions, product sales and equity interests </FONT></P>
</TD></TR>
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     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="34%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Companhia Brasileira de Latas </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>100.00 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>100.00 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="43%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Sale of cans and containers in general and equity interests</FONT></P>
</TD></TR>
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     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="34%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Rimet Empreendimentos Industriais e Comerciais S. A. </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>100.00 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>100.00 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="43%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Production and sale of steel containers and forestry</FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="34%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Companhia de Embalagens Met&#225;licas MMSA </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>99.67 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>99.67 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="43%">
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Production and sale of cans and related activities</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="34%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Companhia de Embalagens Met&#225;licas - MTM </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>99.67 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>99.67 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="43%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Production and sale of cans and related activities</FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="34%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>CSN Steel Holdings 1, S.L.U. </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>100.00 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>100.00 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="43%">
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Financial transactions, product sales and equity interests </FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="34%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>CSN Productos Sider&#250;rgicos S.L. (2)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>100.00 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>100.00 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="43%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Financial transactions, product sales and equity interests </FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="34%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Stalhwerk Th&#252;ringen GmbH </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>100.00 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>100.00 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="43%">
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Production and sale of long steel and related activities</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="34%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>CSN Steel Sections UK Limited (*)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>100.00 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>100.00 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="43%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Sale of long steel</FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="34%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>CSN Steel Sections Polska Sp.Z.o.o </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>100.00 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>100.00 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="43%">
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Financial transactions, product sales and equity interests </FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="34%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>CSN Asia Limited</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>100.00 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>100.00 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="43%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Commercial representation</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="34%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="43%" noWrap>&nbsp;</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="34%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Direct interest in joint operations: proportionate consolidation</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="43%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="34%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>It&#225; Energ&#233;tica S.A.</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>48.75 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>48.75 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="43%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Electric power generation</FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="34%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>CGPAR - Constru&#231;&#227;o Pesada S.A. </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>50.00 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>50.00 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="43%">
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Mining support services and equity interests</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Cons&#243;rcio da Usina Hidrel&#233;trica de Igarapava</FONT></P>
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     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>17.92 </FONT></P>
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     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>17.92 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="43%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Electric power consortium</FONT></P>
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     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="43%" noWrap>&nbsp;</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="34%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Direct interest in joint ventures: equity method</FONT></B></P>
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     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="43%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="34%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Nacional Min&#233;rios S.A.</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>60.00 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>60.00 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="43%">
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Mining and equity interests</FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="34%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>MRS Log&#237;stica S.A.</FONT></P>
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     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>27.27 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>27.27 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="43%">
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Railroad transportation</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="34%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Aceros Del Orinoco S.A.</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>31.82 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>31.82 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="43%">
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Dormant company</FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="34%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>CBSI - Companhia Brasileira de Servi&#231;os de Infraestrutura </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>50.00 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>50.00 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="43%">
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Provision of services</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="34%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Transnordestina Log&#237;stica S.A. </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>61.64 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>62.64 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="43%">
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Railroad logistics</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="34%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="43%" noWrap>&nbsp;</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="34%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Indirect interest in joint ventures: equity method</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="43%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="34%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Namisa International Min&#233;rios SLU </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>60.00 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>60.00 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="43%">
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Financial transactions, product sales and equity interests </FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="34%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Namisa Europe, Unipessoal Lda.</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>60.00 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>60.00 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="43%">
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Equity interests and sales of products and minerals</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="34%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Namisa Handel GmbH </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>60.00 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>60.00 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="43%">
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Financial transactions, product sales and equity interests </FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="34%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>MRS Log&#237;stica S.A.</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>6.00 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>6.00 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="43%">
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Railroad transportation</FONT></P>
</TD></TR>
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     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="34%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Namisa Asia Limited</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>60.00 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>60.00 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="43%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Commercial representation</FONT></P>
</TD></TR>
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     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="34%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="43%" noWrap>&nbsp;</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="34%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Direct interest in associates: equity method</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="43%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD></TR>
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     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="34%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Arvedi Metalfer do Brasil S.A. </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>20.00 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>20.00 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="43%">
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Metallurgy and equity interests</FONT></P>
</TD></TR></TABLE><FONT lang=PT-BR style="FONT-SIZE: 8pt" face="Times New Roman"></FONT></DIV></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif>(*) Dormant companies. Therefore, they were not presented in the Note 8.a, in which are disclosed only the companies accounted for under the equity method. </FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif>1. Company incorporated in May 2015, as detailed in note 8.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif>2. New corporate name of CSN Steel Holdings 2, S.L.U., amended in May 2015.</FONT></FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face=Arial>PAGE 34 of 86</FONT></P>
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     <TD width="75%" colSpan=2><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE </FONT></B></TD>
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     <TD width="65%"><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>ITR &#8211;&#8211; </FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Quarterly</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> Financial </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Information</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> -</FONT><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>September</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> 30, 2015 &#8211; CIA SIDERURGICA NACIONAL</FONT></FONT></TD>
     <TD width="10%"><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face=Arial,sans-serif>Version:1</FONT></TD></TR></TABLE>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 8pt" face="Times New Roman"></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 14.2pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%; TEXT-INDENT: -0.55pt"><FONT style="LINE-HEIGHT: 116%" face=symbol><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LAYOUT-GRID-MODE: both" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT><FONT style="LINE-HEIGHT: 116%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif>Exclusive funds</FONT></B></FONT></P>
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     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Equity interests (%)</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Exclusive funds</FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>9/30/2015</FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>12/31/2014</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Core business</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Direct interest: full consolidation</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Diplic - Private credit balanced mutual fund</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>100.00 </FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Investment fund</FONT></P>
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<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>100.00 </FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>VR1 - Private credit balanced mutual fund (*)</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>100.00 </FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face=arial,sans-serif>Investment fund</FONT></P>
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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" color=#181619 face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" color=#181619 face=arial,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>(*) In March 2015, the Company made a partial spin-off of certain financial assets, from Diplic fund to VR1 fund, both managed by BTG Pactual Servi&#231;os Financeiros S.A. DTVM.</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" color=#181619 face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" color=#181619 face=arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in; LINE-HEIGHT: 116%; TEXT-INDENT: -0.25in"><FONT style="LINE-HEIGHT: 116%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>3.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LAYOUT-GRID-MODE: line" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B></FONT><FONT style="LINE-HEIGHT: 116%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>CASH AND CASH EQUIVALENTS</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></B></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Consolidated</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Parent Company</FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>9/30/2015</FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>12/31/2014</FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>9/30/2015</FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>12/31/2014</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Current</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="35%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8.05pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Cash and cash equivalents</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>&nbsp;</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="35%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 16.05pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Cash and banks</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>493,437 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>192,595 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>17,363 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>14,638 </FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="35%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>&nbsp;</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="35%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8.05pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Short-term investments</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="35%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 16.05pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>In Brazil:</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>&nbsp;</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="35%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 24pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Government securities </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>412,151 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>246,407 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>292,602 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>205,304 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="35%">
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 24pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Private securities </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>2,031,310 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>486,730 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1,992,087 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>264,500 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="35%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>2,443,461 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>733,137 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>2,284,689 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>469,804 </FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="35%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 16.05pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Abroad:</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>&nbsp;</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="35%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 24pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Time deposits</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>4,662,464 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>7,760,289 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>51,090 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>2,661,951 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="35%">
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Total short-term investments</FONT></B></P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>7,105,925 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>8,493,426 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>2,335,779 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>3,131,755 </FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="35%">
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Cash and cash equivalents</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>7,599,362 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>8,686,021 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>2,353,142 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>3,146,393 </FONT></B></P>
</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%" align=left><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>The funds available in the Company and subsidiaries set up in Brazil are basically invested in investment funds, classified as exclusive, which financial statements were consolidated with the financial statements, consolidated and individual of the Company. The funds include repurchase agreements backed by government and private securities, with fixed rate yield and immediate liquidity. </FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=arial,sans-serif>Private securities are short-term investments in Bank Deposit Certificates (CDBs) with yields pegged to the Interbank Deposit Certificate (CDI) fluctuation, and government securities are basically repurchase agreements backed by National Treasury Notes. </FONT></FONT><FONT style="LINE-HEIGHT: 116%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>The funds are managed by BTG Pactual Servi&#231;os Financeiros S.A. DTVM and Caixa Econ&#244;mica Federal and their assets collateralize possible losses on investments and transactions carried out. </FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>A significant part of the funds of the Company and its foreign subsidiaries is invested in time deposits with banks considered by the Company as first rate, bearing fixed rates. </FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in; LINE-HEIGHT: 115%; TEXT-INDENT: -0.25in"><FONT style="LINE-HEIGHT: 115%"><B><FONT lang=PT-BR style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>4.</FONT></B><B><FONT lang=PT-BR style="FONT-SIZE: 7pt; LAYOUT-GRID-MODE: line" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B></FONT><FONT style="LINE-HEIGHT: 115%"><B><FONT lang=PT-BR style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>SHORT-TERM INVESTMENTS </FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><B><FONT lang=PT-BR style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>The Company has investments in Public and Private securities managed by its exclusive funds that have been qualified as a margin deposits for the forward dollar contracts traded at BM&amp;F Bovespa in the period and detailed in note 12 (b). The carrying amount of these financial investments totaled R$ 627,418 on September 30, 2015. These investments have pre-fixed yield and immediate liquidity.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%" align=left><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%" align=left><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%" align=left><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in; LINE-HEIGHT: 116%; TEXT-INDENT: -0.25in"><FONT style="LINE-HEIGHT: 116%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif></FONT></B></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face=Arial>PAGE 35 of 86</FONT></P>
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     <TD width="75%" colSpan=2><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE </FONT></B></TD>
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     <TD width="65%"><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>ITR &#8211;&#8211; </FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Quarterly</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> Financial </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Information</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> -</FONT><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>September</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> 30, 2015 &#8211; CIA SIDERURGICA NACIONAL</FONT></FONT></TD>
     <TD width="10%"><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face=Arial,sans-serif>Version:1</FONT></TD></TR></TABLE>
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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in; LINE-HEIGHT: 116%; TEXT-INDENT: -0.25in"><FONT style="LINE-HEIGHT: 116%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif>5.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LAYOUT-GRID-MODE: both" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B></FONT><FONT style="LINE-HEIGHT: 116%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif>TRADE RECEIVABLES </FONT></B></FONT></P>
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<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=arial,sans-serif></FONT></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Consolidated</FONT></B></P>
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     <TD style="HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Parent Company</FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>9/30/2015</FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>12/31/2014</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>9/30/2015</FONT></B></P>
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     <TD style="HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>12/31/2014</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="42%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Trade receivables</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 10.1pt">
     <TD style="HEIGHT: 10.1pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="42%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8.05pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Third parties</FONT></B></P>
</TD>
     <TD style="HEIGHT: 10.1pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 10.1pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 10.1pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 10.1pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 10.1pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 10.1pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="42%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 16pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Domestic market</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1,041,343 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>861,518 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>604,407 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>548,417 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="42%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 16pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Foreign market</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1,213,367 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>762,935 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>121,343 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>87,668 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="42%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 16pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>2,254,710 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1,624,453 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>725,750 </FONT></B></P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>636,085 </FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="42%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 16pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Allowance for doubtful debts</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(149,428)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(127,223)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(113,396)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(93,536)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="42%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>2,105,282 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1,497,230 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>612,354 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>542,549 </FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="42%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Related parties (Note 17 - b)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>197,116 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>153,737 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>2,312,798 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>969,343 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="42%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>2,302,398 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1,650,967 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>2,925,152 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1,511,892 </FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 4.5pt">
     <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="42%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap align=right>&nbsp;</TD></TR>
<TR style="HEIGHT: 3.7pt">
     <TD style="HEIGHT: 3.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="42%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Other receivables</FONT></B></P>
</TD>
     <TD style="HEIGHT: 3.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 3.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 3.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 3.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 3.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 3.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap align=right>&nbsp;</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="42%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Dividends receivable (Note 17 - b)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>74,106 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>59,470 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>91,419 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>67,553 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="42%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Advances to employees</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>30,097 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>32,743 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>20,412 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>22,977 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="42%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Other receivables</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>10,521 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>9,876 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>2,026 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>2,076 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="42%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>114,724 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>102,089 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>113,857 </FONT></B></P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>92,606 </FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="42%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>2,417,122 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1,753,056 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>3,039,009 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1,604,498 </FONT></B></P>
</TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=arial,sans-serif>In accordance with CSN&#8217; internal sales policy, the Company performs transactions relating to assignment of receivables without&nbsp;recourse in which, after assigning the customer&#8217;s trade notes/bills and receiving the amounts from each transaction closed, CSN derecognizes the trade receivables and becomes entirely free of the credit risk on the transaction. This transaction totals R$191,432 as of September 30, 2015 (R$264,411 as of December 31, 2014), deducted from the trade receivables.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=arial,sans-serif>The breakdown of gross trade receivables from third parties is as follows:</FONT></FONT></P>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=arial,sans-serif></FONT></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="36%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Consolidated</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Parent Company</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="36%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>9/30/2015</FONT></B></P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>12/31/2014</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>9/30/2015</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>12/31/2014</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="36%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Not past due</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>1,622,204 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>1,284,824 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>481,583 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>464,322 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="36%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Past-due up to 180 days </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>474,244 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>236,843 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>118,082 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>90,612 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="36%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Past-due over 180 days</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>158,262 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>102,786 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>126,085 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>81,151 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="36%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BACKGROUND: white; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>2,254,710 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BACKGROUND: white; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>1,624,453 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BACKGROUND: white; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>725,750 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BACKGROUND: white; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>636,085 </FONT></B></P>
</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>The changes in the Company&#8217;s allowance for doubtful debts are as follows:</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="37%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Consolidated</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Parent Company</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="37%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>9/30/2015</FONT></B></P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>12/31/2014</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>9/30/2015</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>12/31/2014</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="37%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Opening balance</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>(127,223)</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>(114,172)</FONT></B></P>
</TD>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>(93,536)</FONT></B></P>
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     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>(88,518)</FONT></B></P>
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     <TD style="HEIGHT: 12.95pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="37%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Estimated losses</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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     <TD style="HEIGHT: 12.95pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>(30,552)</FONT></P>
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     <TD style="HEIGHT: 12.95pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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     <TD style="HEIGHT: 12.95pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>(25,305)</FONT></P>
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     <TD style="HEIGHT: 12.95pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>(25,325)</FONT></P>
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     <TD style="HEIGHT: 12.95pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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     <TD style="HEIGHT: 12.95pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>(15,915)</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Recovery of receivables </FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>8,347 </FONT></P>
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     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>12,254 </FONT></P>
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     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>5,465 </FONT></P>
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     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>10,897 </FONT></P>
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     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="37%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Closing balance</FONT></B></P>
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     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(149,428)</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(127,223)</FONT></B></P>
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     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(113,396)</FONT></B></P>
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     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(93,536)</FONT></B></P>
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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" color=#ff3399><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" color=#ff3399 face=Arial,sans-serif></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" color=#ff3399><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" color=#ff3399 face=Arial,sans-serif></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in; LINE-HEIGHT: 116%; TEXT-INDENT: -0.25in"><FONT style="LINE-HEIGHT: 116%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT></P>
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<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face=Arial>PAGE 36 of 86</FONT></P>
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     <TD width="75%" colSpan=2><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE </FONT></B></TD>
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<IMG src="x15111317003600.jpg" width=118 height=54>
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     <TD width="65%"><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>ITR &#8211;&#8211; </FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Quarterly</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> Financial </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Information</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> -</FONT><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>September</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> 30, 2015 &#8211; CIA SIDERURGICA NACIONAL</FONT></FONT></TD>
     <TD width="10%"><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face=Arial,sans-serif>Version:1</FONT></TD></TR></TABLE>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in; LINE-HEIGHT: 116%; TEXT-INDENT: -0.25in"><FONT style="LINE-HEIGHT: 116%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in; LINE-HEIGHT: 116%; TEXT-INDENT: -0.25in"><FONT style="LINE-HEIGHT: 116%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif>6.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LAYOUT-GRID-MODE: both" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B></FONT><FONT style="LINE-HEIGHT: 116%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif>INVENTORIES</FONT></B></FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Consolidated</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
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     <TD style="HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Parent Company</FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>9/30/2015</FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>12/31/2014</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
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     <TD style="HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>9/30/2015</FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>12/31/2014</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Finished goods</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1,411,581 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1,270,182 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>911,488 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>794,223 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="29%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Work in progress</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1,030,005 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>858,811 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>875,790 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>733,759 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="29%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Raw materials</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1,304,408 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1,006,620 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>571,310 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>621,450 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="29%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Storeroom supplies </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>976,077 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>949,062 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>845,235 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>825,983 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 13.5pt">
     <TD style="HEIGHT: 13.5pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="29%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Iron ore </FONT></P>
</TD>
     <TD style="HEIGHT: 13.5pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>87,679 </FONT></P>
</TD>
     <TD style="HEIGHT: 13.5pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 13.5pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>147,699 </FONT></P>
</TD>
     <TD style="HEIGHT: 13.5pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 13.5pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>87,679 </FONT></P>
</TD>
     <TD style="HEIGHT: 13.5pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 13.5pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>147,699 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 13.5pt">
     <TD style="HEIGHT: 13.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="29%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Advances to suppliers</FONT></P>
</TD>
     <TD style="HEIGHT: 13.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>3,743 </FONT></P>
</TD>
     <TD style="HEIGHT: 13.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 13.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>2,329 </FONT></P>
</TD>
     <TD style="HEIGHT: 13.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 13.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1,176 </FONT></P>
</TD>
     <TD style="HEIGHT: 13.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 13.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1,741 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 13.5pt">
     <TD style="HEIGHT: 13.5pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="29%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>(-) Provision for losses</FONT></P>
</TD>
     <TD style="HEIGHT: 13.5pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(106,328)</FONT></P>
</TD>
     <TD style="HEIGHT: 13.5pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 13.5pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(112,581)</FONT></P>
</TD>
     <TD style="HEIGHT: 13.5pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 13.5pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(82,456)</FONT></P>
</TD>
     <TD style="HEIGHT: 13.5pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 13.5pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(88,056)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="29%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>4,707,165 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>4,122,122 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>3,210,222 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>3,036,799 </FONT></B></P>
</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>Changes in the allowance for inventory losses are as follows:</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="44%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Consolidated</FONT></B></P>
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     <TD style="HEIGHT: 12.95pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Parent Company</FONT></B></P>
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     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="44%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>9/30/2015</FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>12/31/2014</FONT></B></P>
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     <TD style="HEIGHT: 12.95pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>9/30/2015</FONT></B></P>
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     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>12/31/2014</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
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<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Opening balance</FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(112,581)</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(102,185)</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(88,056)</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(83,426)</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 22.5pt">
     <TD style="HEIGHT: 22.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="44%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Provision for losses on/reversals of slow-moving and <BR>
obsolete inventories (Note 22)</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 22.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>6,253 </FONT></P>
</TD>
     <TD style="HEIGHT: 22.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 22.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(10,396)</FONT></P>
</TD>
     <TD style="HEIGHT: 22.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 22.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>5,600 </FONT></P>
</TD>
     <TD style="HEIGHT: 22.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 22.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(4,630)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="44%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Closing balance</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(106,328)</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(112,581)</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(82,456)</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(88,056)</FONT></B></P>
</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in; LINE-HEIGHT: 116%; TEXT-INDENT: -0.25in"><FONT style="LINE-HEIGHT: 116%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>7.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LAYOUT-GRID-MODE: line" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B></FONT><FONT style="LINE-HEIGHT: 116%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>OTHER CURRENT AND NON-CURRENT ASSETS</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>The groups of other current and non-current assets are comprised as follows:</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%">&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="27%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Consolidated</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Parent Company</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="27%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%" colSpan=4 noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Current</FONT></B></P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="18%" colSpan=3 noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Non-current</FONT></B></P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" colSpan=3 noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Current</FONT></B></P>
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     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" colSpan=3 noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Non-current</FONT></B></P>
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     <TD style="HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>9/30/2015</FONT></B></P>
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     <TD style="HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>12/31/2014</FONT></B></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>9/30/2015</FONT></B></P>
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     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>12/31/2014</FONT></B></P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>9/30/2015</FONT></B></P>
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     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>12/31/2014</FONT></B></P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>9/30/2015</FONT></B></P>
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     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>12/31/2014</FONT></B></P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Judicial deposits (Note 15)</FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>329<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>784</FONT></P>
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     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>288<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>804</FONT></P>
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     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>273<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>535</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>239<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>902</FONT></P>
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<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="27%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Credits with the PGFN <SUP>(1)</SUP></FONT></P>
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     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>86<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>176</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>81<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>792</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>86<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>176</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>81<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>792</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="27%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Recoverable taxes <SUP>(2)</SUP></FONT></P>
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     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>636<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>118</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>598<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>497</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>318<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>820</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>155<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>616</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>464<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>757</FONT></P>
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     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>453<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>258</FONT></P>
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     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>243<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>184</FONT></P>
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     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>88<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>046</FONT></P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Prepaid expenses</FONT></P>
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     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>25<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>126</FONT></P>
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     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>36<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>226</FONT></P>
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     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>29<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>490</FONT></P>
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     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>33<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>323</FONT></P>
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     <TD style="HEIGHT: 12.95pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>14<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>714</FONT></P>
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     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>24<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>151</FONT></P>
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     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>13<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>508</FONT></P>
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     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>15<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>620</FONT></P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Actuarial asset - related party (Note 17 b)</FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>97<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>189</FONT></P>
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     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>97<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>173</FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>97<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>189</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>96<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>914</FONT></P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Derivative financial instruments (Note 12 I)</FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>8<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>765</FONT></P>
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     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>174<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>611</FONT></P>
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     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>&nbsp;</TD>
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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>&nbsp;</TD></TR>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Exclusive fund quotas <SUP>(3)</SUP></FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>144<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>018</FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Securities held for trading (Note 12 I)</FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>10<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>763</FONT></P>
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     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>13<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>798</FONT></P>
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     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>10<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>644</FONT></P>
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     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>9<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>451</FONT></P>
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     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>&nbsp;</TD></TR>
<TR style="HEIGHT: 12.95pt">
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Ore inventory <SUP>(4)</SUP></FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>144<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>483</FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>144<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>483</FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>144<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>483</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>144<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>483</FONT></P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Northeast Investment Fund - FINOR</FONT></P>
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     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>8,452</FONT></P>
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     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>8<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>452</FONT></P>
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     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>8<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>452</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>8<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>452</FONT></P>
</TD></TR>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Other receivables (Note 12 I)</FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>012</FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>347</FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>463</FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>450</FONT></P>
</TD></TR>
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     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="27%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Loans with related parties (Note 17 b)</FONT></P>
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     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>144<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>053</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>517<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>493</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>198<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>921</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>117<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>357</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>64<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>555</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>106<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>218</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>149<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>562</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>52<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>619</FONT></P>
</TD></TR>
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     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="27%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Other receivables from related parties (Note 17 b)</FONT></P>
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     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>12<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>660</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>15<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>780</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>29<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>020</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>7<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>037</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>83<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>822</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>168<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>035</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>334<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>062</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>329<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>330</FONT></P>
</TD></TR>
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     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="27%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Other</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>18<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>119</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>17<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>898</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>12<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>632</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>12<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>036</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>12<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>432</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>11<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>770</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="27%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>855<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>604</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>374<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>303</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>255<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>979</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>947<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>420</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>638<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>492</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>905<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>131</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>364<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>046</FONT></B></P>
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     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>070<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>378</FONT></B></P>
</TD></TR></TABLE></DIV>
<P style="MARGIN: 0cm 0cm 10pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>1. Refers to the excess judicial deposit originated by the 2009 REFIS (Tax Debt Refinancing Program).</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>2. Refers mainly to taxes (PIS/COFINS) and State VAT (ICMS) on the acquisition of fixed assets which will be recovered over a 48-month period, and income tax and social contribution for offset.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face=Arial>PAGE 37 of 86</FONT></P>
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     <TD width="75%" colSpan=2><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE </FONT></B></TD>
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     <TD width="65%"><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>ITR &#8211;&#8211; </FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Quarterly</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> Financial </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Information</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> -</FONT><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>September</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> 30, 2015 &#8211; CIA SIDERURGICA NACIONAL</FONT></FONT></TD>
     <TD width="10%"><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face=Arial,sans-serif>Version:1</FONT></TD></TR></TABLE>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 8pt" face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>3. Refers to derivatives transactions managed by exclusive funds.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>4. Long-term iron ore inventories that will be used after the construction of the processing plant, which will produce pellet feed, expected to start operating in the second half of 2017.</FONT></FONT></P>
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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in; LINE-HEIGHT: 116%; TEXT-INDENT: -0.25in"><FONT style="LINE-HEIGHT: 116%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif>8.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LAYOUT-GRID-MODE: both" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B></FONT><FONT style="LINE-HEIGHT: 116%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif>INVESTMENTS</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif>The information related to the activities of subsidiaries, joint ventures, joint operations, associates and other investments did not have changes in relation to that disclosed in the Company's financial statements as of December 31, 2014, except for the events mentioned below and, accordingly, the Company decided not to repeat it in the condensed interim financial statements as of September 30, 2015.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in; LINE-HEIGHT: 116%; TEXT-INDENT: -0.25in"><FONT style="LINE-HEIGHT: 116%" face=symbol><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LAYOUT-GRID-MODE: both" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT><FONT style="LINE-HEIGHT: 116%"><B><U><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif>Events occurred in 2015</FONT></U></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; TEXT-DECORATION: none; LAYOUT-GRID-MODE: both" face=Arial,sans-serif></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 49.65pt; LINE-HEIGHT: 115%; TEXT-INDENT: -0.25in"><FONT style="LINE-HEIGHT: 115%" face=symbol><FONT lang=PT-BR style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=symbol>&#183;</FONT><FONT lang=PT-BR style="FONT-SIZE: 7pt; LAYOUT-GRID-MODE: both" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT><FONT style="LINE-HEIGHT: 115%"><B><FONT lang=PT-BR style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif>Merger of CSN Cimentos</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="BACKGROUND: yellow; LINE-HEIGHT: 115%"><B><FONT lang=PT-BR style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif>As disclosed in Significant Event in April 9<SUP>th </SUP>2015, the Company has proposed the merger of its subsidiary CSN Cimentos S.A. with the net assets of R$ 1,109,662, &nbsp;as of March 31, 2015, resulting in the optimization of processes and maximize results by focusing on a single organizational structure of all commercial activities and administrative of the two entities. At the Annual an Extraordinary Shareholders&#180; Meeting, held on April 30<SUP>th</SUP>, 2015, was approved the merger with effect as from May 1<SUP>st, </SUP>2015 and as a result of the operation, CSN Cimentos was extinguished and CSN assumed all its assets, rights and obligations.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif>The table below shows the allocation of net assets incorporated into the balance sheet of CSN:</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P>
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     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>3/31/2015</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>5/01/2015</FONT></B></P>
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     <TD style="HEIGHT: 33.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="50%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 33.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="4%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 33.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="21%">
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Amount - Appraisal Report</FONT></B></P>
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     <TD style="HEIGHT: 33.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="4%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 33.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="21%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Closing balance</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Cash and cash equivalents</FONT></P>
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     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="4%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>122,081 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="4%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>129,745 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="50%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Trades receivable</FONT></P>
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     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="4%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>429,450 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="4%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>433,542 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="50%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Inventories</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="4%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>23,617 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="4%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>21,814 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="50%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Deferred taxes</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="4%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>54,781 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="4%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>29,042 </FONT></P>
</TD></TR>
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     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="50%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Other current assets and non current assets</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="4%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>30,030 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="4%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>21,452 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="50%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Available-for-sale investments</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="4%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>119,811 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="4%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>93,564 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="50%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Property, plant and equipment and Intangible assets</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="4%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>397,768 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="4%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>397,570 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="50%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Trade payables</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="4%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(31,041)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="4%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(30,180)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="50%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Other current liabilities and non current liabilities</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="4%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(36,835)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="4%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(35,544)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="50%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Net assets</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="4%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1,109,662 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="4%" noWrap align=right>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1,061,005 </FONT></B></P>
</TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt" face="Times New Roman"></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Divestment plan</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt" face="Times New Roman"></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>With the primary goal of reducing financial leverage, the Company&#180;s Management is committed to a plan of disposal of assets and believes that a portion of these assets will be sold within 12 months as from September 30, 2015; however, it is not possible to confirm that the sale is highly probable for any of the considered assets, within these 12 months period. The Company considers several sales scenarios that vary according to different macroeconomic and operating assumptions. In this context, the Company <FONT style="FONT-SIZE: 9pt" face=Arial>did not </FONT>segregate and not reclassified these assets in the financial statements as discontinued operations in accordance with the CPC 31 (IFRS 5). </FONT></P>
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<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face=Arial>PAGE 38 of 86</FONT></P>
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     <TD width="75%" colSpan=2><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE </FONT></B></TD>
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<IMG src="x15111317003600.jpg" width=118 height=54>
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     <TD width="65%"><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>ITR &#8211;&#8211; </FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Quarterly</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> Financial </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Information</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> -</FONT><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>September</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> 30, 2015 &#8211; CIA SIDERURGICA NACIONAL</FONT></FONT></TD>
     <TD width="10%"><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face=Arial,sans-serif>Version:1</FONT></TD></TR></TABLE>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 8pt" face="Times New Roman"></FONT>&nbsp;</P>
</DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%" face=arial,sans-serif><B><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>8.a) Direct equity interests in subsidiaries, joint ventures, joint operations, associates and other investments</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><B><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%">&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>9/30/2015</FONT></B></P>
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     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
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     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap>&nbsp;</TD>
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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>12/31/2014</FONT></B></P>
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     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap>&nbsp;</TD>
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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>9/30/2014</FONT></B></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>Companies</FONT></B></P>
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     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" colSpan=3 noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>Number of </FONT></B></P>
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     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
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     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
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     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" colSpan=3 noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>shares held by CSN</FONT></B></P>
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     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=4 width="6%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>Assets</FONT></B></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=4 width="6%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>Liabilities</FONT></B></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>Profit</FONT></B></P>
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     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=4 width="6%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>Assets</FONT></B></P>
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     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=4 width="6%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>Liabilities</FONT></B></P>
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     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>Profit</FONT></B></P>
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     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" colSpan=3 noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>in units)</FONT></B></P>
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     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>%</FONT></B></P>
</TD>
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     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>Shareholders'</FONT></B></P>
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     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(loss)</FONT></B></P>
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     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>%</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>Shareholders'</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(loss)</FONT></B></P>
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     <TD style="HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>Direct equity</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>equity</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>for the period</FONT></B></P>
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     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>Direct equity</FONT></B></P>
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     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap>&nbsp;</TD>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>equity</FONT></B></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>for the period</FONT></B></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>Common</FONT></B></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>Preferred</FONT></B></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>interest</FONT></B></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>interest</FONT></B></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>Subsidiaries</FONT></B></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
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<TR style="HEIGHT: 12.75pt">
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>CSN Islands VII Corp.</FONT></P>
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</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>20<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>001<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>000 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>100<FONT style="FONT-SIZE: 7pt" face=Arial>.</FONT>00 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>7<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>948,246 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>7<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>972<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>916 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(24<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>670)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>328<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>851 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>100<FONT style="FONT-SIZE: 7pt" face=Arial>.</FONT>00 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>7<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>214<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>810 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>7<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>568<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>331 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(353<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>521)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>245<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>117 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>CSN Islands VIII Corp.</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(*)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(183)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>CSN Islands IX Corp.</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>3<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>000<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>000 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>100<FONT style="FONT-SIZE: 7pt" face=Arial>.</FONT>00 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>2<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>371 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>2<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>371 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>451 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>100<FONT style="FONT-SIZE: 7pt" face=Arial>.</FONT>00 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>1<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>113<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>075 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>1<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>111<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>155 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>1<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>920 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(133)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>CSN Islands X Corp.</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>1<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>000 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>100<FONT style="FONT-SIZE: 7pt" face=Arial>.</FONT>00 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>22 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>94<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>109 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(94,087)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(32<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>475)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>100<FONT style="FONT-SIZE: 7pt" face=Arial>.</FONT>00 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>20 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>61<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>633 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(61<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>613)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(3<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>659)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>CSN Islands XI Corp.</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>50<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>000 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>100<FONT style="FONT-SIZE: 7pt" face=Arial>.</FONT>00 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>3<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>268<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>651 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>3<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>269<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>631 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(980)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(9<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>423)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>100<FONT style="FONT-SIZE: 7pt" face=Arial>.</FONT>00 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>2<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>236<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>207 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>2<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>227<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>764 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>8<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>443 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>145 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>CSN Islands XII Corp.</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>1<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>540 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>100<FONT style="FONT-SIZE: 7pt" face=Arial>.</FONT>00 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>2<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>896<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>843 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>3<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>978<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>979 </FONT></P>
</TD>
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     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(1<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>082<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>136)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(424<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>313)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>100<FONT style="FONT-SIZE: 7pt" face=Arial>.</FONT>00 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>2<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>000<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>851 </FONT></P>
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     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>2<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>658<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>674 </FONT></P>
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     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(657<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>823)</FONT></P>
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     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(111<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>941)</FONT></P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT lang=EN-US style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>3<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>500 </FONT></P>
</TD>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>100.00 </FONT></P>
</TD>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>5<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>844<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>304 </FONT></P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>1<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>936 </FONT></P>
</TD>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>5<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>842<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>368 </FONT></P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>1<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>706<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>367 </FONT></P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>100<FONT style="FONT-SIZE: 7pt" face=Arial>.</FONT>00 </FONT></P>
</TD>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>4<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>151<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>169 </FONT></P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>15<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>169 </FONT></P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>4<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>136<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>000 </FONT></P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(208<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>053)</FONT></P>
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<TR style="HEIGHT: 12.75pt">
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 7pt" face=arial,sans-serif>CSN Export Europe, S.L.U.</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT lang=EN-US style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>3<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>500 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>100<FONT style="FONT-SIZE: 7pt" face=Arial>.</FONT>00 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>1<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>414<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>743 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>7<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>281 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>1<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>407<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>462 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>479<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>614 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>100<FONT style="FONT-SIZE: 7pt" face=Arial>.</FONT>00 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>930,973 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>3<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>125 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>927<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>848 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>20,850 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 7pt" face=arial,sans-serif>CSN Metals S.L.U.</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT lang=EN-US style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>16<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>504<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>020 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>100<FONT style="FONT-SIZE: 7pt" face=Arial>.</FONT>00 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>1<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>238<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>442 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>5<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>618 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>1<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>232,824 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>418<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>072 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>100<FONT style="FONT-SIZE: 7pt" face=Arial>.</FONT>00 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>846<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>160 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>31,408 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>814,752 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>58<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>579 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>CSN Americas S.L.U.</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>3<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>500 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>100<FONT style="FONT-SIZE: 7pt" face=Arial>.</FONT>00 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>2<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>207<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>066 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>1<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>808 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>2<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>205<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>258 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>476<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>174 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>100<FONT style="FONT-SIZE: 7pt" face=Arial>.</FONT>00 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>1<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>588<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>221 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>23<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>490 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>1<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>564<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>731 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(36<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>237)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 7pt" face=arial,sans-serif>CSN Steel S.L.U.</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT lang=EN-US style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>22<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>042<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>688 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>100<FONT style="FONT-SIZE: 7pt" face=Arial>.</FONT>00 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>2<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>831<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>028 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>1<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>887<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>047 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>943,981 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(447<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>342)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>100.00 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>2<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>152<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>431 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>1<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>274<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>343 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>878,088 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(23<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>320)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>Sepetiba Tecon S.A.</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>254<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>015<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>052 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>99<FONT style="FONT-SIZE: 7pt" face=Arial>.</FONT>99 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>387<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>732 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>126<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>426 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>261<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>306 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>25<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>359 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>99<FONT style="FONT-SIZE: 7pt" face=Arial>.</FONT>99 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>358,321 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>122<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>778 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>235<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>543 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>16<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>524 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>Minera&#231;&#227;o Nacional S.A.</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>999<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>999 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>99<FONT style="FONT-SIZE: 7pt" face=Arial>.</FONT>99 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>2<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>092 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>3 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>2<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>089 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>72 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>99<FONT style="FONT-SIZE: 7pt" face=Arial>.</FONT>99 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>1<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>097 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>22 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>1<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>075 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>59 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>Estanho de Rond&#244;nia S.A.</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>51<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>665<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>047 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>99<FONT style="FONT-SIZE: 7pt" face=Arial>.</FONT>99 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>32<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>061 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>19<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>429 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>12<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>632 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(8<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>446)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>99<FONT style="FONT-SIZE: 7pt" face=Arial>.</FONT>99 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>35<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>101 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>14,023 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>21<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>078 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(9<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>537)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>Cia Metalic Nordeste</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>92<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>459<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>582 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>99<FONT style="FONT-SIZE: 7pt" face=Arial>.</FONT>99 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>175<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>198 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>36<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>467 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>138<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>731 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>6<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>009 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>99<FONT style="FONT-SIZE: 7pt" face=Arial>.</FONT>99 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>187<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>571 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>34<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>849 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>152<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>722 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>196 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>Companhia Metal&#250;rgica Prada</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>78<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>283<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>207 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>99<FONT style="FONT-SIZE: 7pt" face=Arial>.</FONT>99 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>647<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>997 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>538<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>115 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>109<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>882 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(80<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>629)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>99<FONT style="FONT-SIZE: 7pt" face=Arial>.</FONT>99 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>618<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>212 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>427<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>701 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>190<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>511 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(74<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>332)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
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</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>20<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>012 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>100<FONT style="FONT-SIZE: 7pt" face=Arial>.</FONT>00 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>1<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>088<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>997 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>64<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>652 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>1<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>024<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>345 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>66,619 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>Congonhas Min&#233;rios S.A.</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>64<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>610<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>862 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>99<FONT style="FONT-SIZE: 7pt" face=Arial>.</FONT>99 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>1<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>962<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>004 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>1<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>988<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>858 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(26<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>854)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(10<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>252)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>99<FONT style="FONT-SIZE: 7pt" face=Arial>.</FONT>99 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>1<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>996<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>460 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>2,012<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>062 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(15,602)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
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</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>CSN Energia S.A.</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
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</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap>
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</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>99<FONT style="FONT-SIZE: 7pt" face=Arial>.</FONT>99 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>85<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>256 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>12<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>623 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>72<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>633 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>13<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>363 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>99<FONT style="FONT-SIZE: 7pt" face=Arial>.</FONT>99 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>73<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>569 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>14<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>299 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>59<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>270 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>61,909 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 18pt">
     <TD style="HEIGHT: 18pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" colSpan=2>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>FTL - Ferrovia Transnordestina Log&#237;stica S.A.</FONT></P>
</TD>
     <TD style="HEIGHT: 18pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>353<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>190<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>644 </FONT></P>
</TD>
     <TD style="HEIGHT: 18pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 18pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 18pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 18pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>89<FONT style="FONT-SIZE: 7pt" face=Arial>.</FONT>79 </FONT></P>
</TD>
     <TD style="HEIGHT: 18pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 18pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>565<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>292 </FONT></P>
</TD>
     <TD style="HEIGHT: 18pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 18pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>232<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>769 </FONT></P>
</TD>
     <TD style="HEIGHT: 18pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 18pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>332,523 </FONT></P>
</TD>
     <TD style="HEIGHT: 18pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 18pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(6<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>290)</FONT></P>
</TD>
     <TD style="HEIGHT: 18pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 18pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>88<FONT style="FONT-SIZE: 7pt" face=Arial>.</FONT>41 </FONT></P>
</TD>
     <TD style="HEIGHT: 18pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 18pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>566<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>259 </FONT></P>
</TD>
     <TD style="HEIGHT: 18pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 18pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>272<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>513 </FONT></P>
</TD>
     <TD style="HEIGHT: 18pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 18pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>293<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>746 </FONT></P>
</TD>
     <TD style="HEIGHT: 18pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 18pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(2<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>397)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>Companhia Florestal do Brasil</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>21<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>120<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>514 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>99.99 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>32<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>728 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>13,187 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>19<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>541 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(1<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>435)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>99<FONT style="FONT-SIZE: 7pt" face=Arial>.</FONT>99 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>29<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>471 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>8<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>495 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>20,976 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(70)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>Nordeste Log&#237;stica</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>99<FONT style="FONT-SIZE: 7pt" face=Arial>.</FONT>99 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>100 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>100 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>&nbsp;</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 7.05pt"><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>Joint-venture</FONT></B></P>
</TD>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
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</TD>
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</TD>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
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</TD>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>Nacional Min&#233;rios S.A.</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(**)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>285<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>040<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>443 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>60<FONT style="FONT-SIZE: 7pt" face=Arial>.</FONT>00 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>10<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>647<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>146 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>428<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>084 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>10<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>219<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>062 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>1<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>214<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>794 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>60<FONT style="FONT-SIZE: 7pt" face=Arial>.</FONT>00 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>10<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>113<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>587 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>642<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>561 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>9<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>471<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>026 </FONT></P>
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</TD>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>48<FONT style="FONT-SIZE: 7pt" face=Arial>.</FONT>75 </FONT></P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>310<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>764 </FONT></P>
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</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>285<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>230 </FONT></P>
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     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>4<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>940 </FONT></P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>48<FONT style="FONT-SIZE: 7pt" face=Arial>.</FONT>75 </FONT></P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>316<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>345 </FONT></P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>14<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>618 </FONT></P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>301,727 </FONT></P>
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     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
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</TD>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>50<FONT style="FONT-SIZE: 7pt" face=Arial>.</FONT>00 </FONT></P>
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     <TD style="HEIGHT: 17.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>13<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>939 </FONT></P>
</TD>
     <TD style="HEIGHT: 17.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 17.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>1<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>508 </FONT></P>
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     <TD style="HEIGHT: 17.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 17.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(1<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>973)</FONT></P>
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     <TD style="HEIGHT: 17.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>50<FONT style="FONT-SIZE: 7pt" face=Arial>.</FONT>00 </FONT></P>
</TD>
     <TD style="HEIGHT: 17.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 17.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>18<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>678 </FONT></P>
</TD>
     <TD style="HEIGHT: 17.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 17.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>15<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>196 </FONT></P>
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     <TD style="HEIGHT: 17.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>3<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>482 </FONT></P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(84)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
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     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap>&nbsp;</TD>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>50<FONT style="FONT-SIZE: 7pt" face=Arial>.</FONT>00 </FONT></P>
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     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
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     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
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     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>55<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>129 </FONT></P>
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<TR style="HEIGHT: 12.75pt">
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
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</TD>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>61<FONT style="FONT-SIZE: 7pt" face=Arial>.</FONT>64 </FONT></P>
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</TD>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>4<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>410,867 </FONT></P>
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</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>3<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>133<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>858 </FONT></P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>1<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>277<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>009 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>62<FONT style="FONT-SIZE: 7pt" face=Arial>.</FONT>64 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>4<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>115<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>120 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
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</TD>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>2<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>818<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>184 </FONT></P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>1,296<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>936 </FONT></P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(19<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>209)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="22%" colSpan=3 noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><I><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>Fair Value</FONT></I><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif> alocado &#224; TLSA na perda de controle </FONT></P>
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     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>659<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>105 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>659<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>105 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>&nbsp;</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; TEXT-INDENT: 7.05pt" width="14%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>Associates</FONT></B></P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>Arvedi Metalfer do Brasil</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>27<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>239,971 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>20<FONT style="FONT-SIZE: 7pt" face=Arial>.</FONT>00 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>62<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>358 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>53<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>212 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>9<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>146 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(7<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>582)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>20<FONT style="FONT-SIZE: 7pt" face=Arial>.</FONT>00 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>60,101 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>44,429 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>15<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>672 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(1<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>624)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>49<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>184<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>409 </FONT></B></P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
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     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>25<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>207<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>620 </FONT></B></P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>24<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>635<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>894 </FONT></B></P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>3<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>702<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>219 </FONT></B></P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
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     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>43<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>833<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>640 </FONT></B></P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>22<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>719<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>057 </FONT></B></P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
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     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>21<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>773<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>688 </FONT></B></P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
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     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>501<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>323 </FONT></B></P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT lang=EN-US style="FONT-SIZE: 7pt" face=arial,sans-serif>Classified as available-for-sale</FONT></B></P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>Usiminas</FONT></P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>942<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>156 </FONT></P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
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     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>1<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>340<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>896 </FONT></P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>Panatl&#226;ntica</FONT></P>
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     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>24<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>179 </FONT></P>
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     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>31<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>589 </FONT></P>
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     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
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<TR style="HEIGHT: 12.95pt">
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>966<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>335 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>1<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>372,485 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>Other investments</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>&nbsp;</TD>
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     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>&nbsp;</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" colSpan=2 noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>Profits on subsidiaries' inventories</FONT></P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
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     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
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     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
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     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
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     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(86<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>048)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>14<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>574 </FONT></P>
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     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(100<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>622)</FONT></P>
</TD>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(28<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>910)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>Other</FONT></P>
</TD>
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     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap>&nbsp;</TD>
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     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>65<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>015 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>1<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>209 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>65<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>019 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(1<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>406)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
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     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
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     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
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     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
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     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(21<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>033)</FONT></B></P>
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     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>15<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>783 </FONT></B></P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(35<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>603)</FONT></B></P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(30<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>316)</FONT></B></P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>Total investments</FONT></B></P>
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     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>25<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>581<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>196 </FONT></B></P>
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     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>3<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>718,002 </FONT></B></P>
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     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>23<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>110<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>570 </FONT></B></P>
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     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>471<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>007 </FONT></B></P>
</TD></TR>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
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     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
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<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="30%" colSpan=6 noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT lang=EN-US style="FONT-SIZE: 7pt" face=arial,sans-serif>Classification of investments in the balance sheet</FONT></B></P>
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     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
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     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>&nbsp;</TD></TR>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>Investments in assets</FONT></P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
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     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>26<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>809<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>924 </FONT></P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>24<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>199<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>129 </FONT></P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 7pt" color=#ff0000 face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>Investments with negative equity</FONT></P>
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     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(1<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>228,728)</FONT></P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(1<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>088<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>559)</FONT></P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: #000000 1px solid; HEIGHT: 12.95pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: #000000 1px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>25<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>581<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>196 </FONT></B></P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
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     <TD style="BORDER-TOP: #000000 1px solid; HEIGHT: 12.95pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>23<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>110<FONT style="FONT-SIZE: 7pt" face=Arial>,</FONT>570 </FONT></B></P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif></FONT>&nbsp;</P>
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     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 7pt" color=red face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD></TR></TABLE></DIV>
<P style="MARGIN: 0cm 0cm 10pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 116%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>The number of shares, the balances of assets, liabilities and shareholders' equity, and the amounts of profit or loss for the period refer to the equity interests held by CSN in those companies.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>(*) </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=arial,sans-serif>Company extinguished in 2014. </FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=arial,sans-serif>(**) The assets and liabilities refer to the consolidated balance sheet for the stake held by CSN.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><B><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></B></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B></P>
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<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face=Arial>PAGE 39 of 86</FONT></P>
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     <TD width="75%" colSpan=2><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE </FONT></B></TD>
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     <TD width="65%"><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>ITR &#8211;&#8211; </FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Quarterly</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> Financial </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Information</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> -</FONT><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>September</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> 30, 2015 &#8211; CIA SIDERURGICA NACIONAL</FONT></FONT></TD>
     <TD width="10%"><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face=Arial,sans-serif>Version:1</FONT></TD></TR></TABLE>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 8pt" face="Times New Roman"></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><B><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%" face=arial,sans-serif><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=arial,sans-serif>8.b) Changes in investments in subsidiaries, joint ventures, joint operations, associates, and other investments </FONT></B></FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Consolidated</FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Parent Company</FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>9/30/2015</FONT></B></P>
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     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="4%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
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     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>12/31/2014</FONT></B></P>
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     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>9/30/2015</FONT></B></P>
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     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>12/31/2014</FONT></B></P>
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     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="43%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Opening balance of investments</FONT></B></P>
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     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>13,665,453 </FONT></B></P>
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     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="4%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>13,487,023 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>24,199,129 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>27,005,592 </FONT></B></P>
</TD></TR>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Opening balance of provision for impairment loss</FONT></B></P>
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     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="4%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(1,088,559)</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(1,231,511)</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="43%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Capital increase/acquisition of shares</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>3,229 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="4%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>10,279 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>86,401 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>93,960 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="43%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Capital reduction <SUP>(1)</SUP></FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(466,758)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="4%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(487,758)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(3,120,344)</FONT></P>
</TD></TR>
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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Dividends </FONT></P>
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     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(14,678)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="4%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>395,307 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(36,299)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>275,731 </FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Comprehensive income <SUP>(2)</SUP></FONT></P>
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     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(474,459)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="4%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(970,266)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>251,285 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(1,011,188)</FONT></P>
</TD></TR>
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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Equity pickup <SUP>(3)</SUP></FONT></P>
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     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1,238,277 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="4%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>743,119 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>3,718,002 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1,098,243 </FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Parent Company Incorporation</FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="4%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(1,061,005)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD></TR>
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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Other </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>7 </FONT></P>
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     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="4%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(9)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>87 </FONT></P>
</TD></TR>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Closing balance of investments </FONT></B></P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>13,951,071 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="4%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>13,665,453 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>26,809,924 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>24,199,129 </FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="43%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Closing balance of provision for impairment loss </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="4%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(1,228,728)</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(1,088,559)</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="43%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Total</FONT></B></P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 15pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>13,951,071 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="4%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 15pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>13,665,453 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 15pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>25,581,196 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 15pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>23,110,570 </FONT></B></P>
</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=arial,sans-serif></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 14.2pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 14.2pt; LINE-HEIGHT: 115%; TEXT-INDENT: -14.2pt"><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>1.</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" face="times new roman">&nbsp;&nbsp; </FONT></FONT><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Refers to capital reduction in the companies Nacional Min&#233;rios S.A. and Cia Metalic Nordeste, in 2015. In 2014, refers to capital reduction in the subsidiaries CSN Steel, CSN Americas, CSN Metals, CSN Minerals and CSN Export.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 14.2pt; LINE-HEIGHT: 116%; TEXT-INDENT: -14.2pt"><FONT style="LINE-HEIGHT: 116%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>2.</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" face="times new roman">&nbsp;&nbsp; </FONT></FONT><FONT style="LINE-HEIGHT: 116%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Refers to the mark-to-market of investments classified as available for sale and translation to the reporting currency of the foreign investments, the functional currency of which is not the Brazilian reais. </FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 14.2pt; LINE-HEIGHT: 116%; TEXT-INDENT: -14.2pt"><FONT style="LINE-HEIGHT: 116%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>3.</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" face="times new roman">&nbsp;&nbsp; </FONT></FONT><FONT style="LINE-HEIGHT: 116%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>The table below shows the reconciliation of the equity in results of affiliated companies included on investment balance with the amount disclosed in the income statement and it is due to the elimination of the results of the CSN&#180;s transactions with these companies: </FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0in 0.5in; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=arial,sans-serif></FONT></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>
<TR style="HEIGHT: 12.75pt">
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="62%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Consolidated</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="62%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>9/30/2015</FONT></B></P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>12/31/2014</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="62%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Equity in results of affiliated companies</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="62%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Nacional Min&#233;rios S.A.</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1,214,794 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>673,060 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="62%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>MRS Log&#237;stica S.A.</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>55,372 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>102,476 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="62%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>CBSI - Companhia Brasileira de Servi&#231;os de Infraestrutura </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(1,971)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>572 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="62%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Transnordestina</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(23,393)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(27,465)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="62%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Arvedi Metalfer do Brasil</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(6,525)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(5,524)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="62%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.75pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1,238,277 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.75pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>743,119 </FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="62%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Eliminations</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" noWrap>&nbsp;</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="62%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>To cost of sales</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(29,678)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(45,812)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="62%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>To net revenues</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(4,403)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>50,261 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="62%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>To finance expenses (a)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(628,629)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="62%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>To taxes</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>11,588 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>212,221 </FONT></P>
</TD></TR>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Adjusted equity pickup of joint ventures</FONT></B></P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 13.5pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1,215,784 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 13.5pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 13.5pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" noWrap>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>331,160 </FONT></B></P>
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<P style="TEXT-ALIGN: justify; MARGIN: 0in; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=arial,sans-serif>(a) &nbsp;&nbsp; As disclosed in note 8 (c) and note 17 (b), the Company signed an investment agreement for the new strategic alliance with the Asian Consortium. As a result, Namisa suspended the recognition of interest on the advances made for the operational agreements between CSN and Namisa.</FONT></FONT></P>
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<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face=Arial>PAGE 40 of 86</FONT></P>
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     <TD width="75%" colSpan=2><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE </FONT></B></TD>
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     <TD width="65%"><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>ITR &#8211;&#8211; </FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Quarterly</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> Financial </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Information</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> -</FONT><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>September</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> 30, 2015 &#8211; CIA SIDERURGICA NACIONAL</FONT></FONT></TD>
     <TD width="10%"><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face=Arial,sans-serif>Version:1</FONT></TD></TR></TABLE>
<P style="MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=arial,sans-serif></FONT></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=arial,sans-serif></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%" face=arial,sans-serif><B><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>8.c) Investments in joint ventures and joint operations</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>The balances of the balance sheets and income statements of the companies under shared control are stated below and refer to 100% of the companies&#180; profit/loss : </FONT></FONT></P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>9/30/2015</FONT></B></P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>12/31/2014</FONT></B></P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><I><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Joint-Venture</FONT></I></B></P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><I><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Joint-Operation</FONT></I></B></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><I><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Joint-Venture</FONT></I></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
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     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" colSpan=3 noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><I><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Joint-Operation</FONT></I></B></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Equity interest (%)</FONT></B></P>
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     <TD style="HEIGHT: 33.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Nacional Min&#233;rios (*)</FONT></B></P>
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     <TD style="HEIGHT: 33.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%">&nbsp;</TD>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>MRS Log&#237;stica</FONT></B></P>
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     <TD style="HEIGHT: 33.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%">&nbsp;</TD>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>CBSI</FONT></B></P>
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     <TD style="HEIGHT: 33.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%">&nbsp;</TD>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Transnordestina Log&#237;stica </FONT></B></P>
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     <TD style="HEIGHT: 33.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%">&nbsp;</TD>
     <TD style="HEIGHT: 33.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="5%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>It&#225; Energ&#233;tica</FONT></B></P>
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     <TD style="HEIGHT: 33.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%">&nbsp;</TD>
     <TD style="HEIGHT: 33.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>CGPAR </FONT></B></P>
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     <TD style="HEIGHT: 33.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>
     <TD style="HEIGHT: 33.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="5%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Nacional Min&#233;rios (*)</FONT></B></P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 33.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="5%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>MRS Log&#237;stica</FONT></B></P>
</TD>
     <TD style="HEIGHT: 33.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 33.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="5%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>CBSI</FONT></B></P>
</TD>
     <TD style="HEIGHT: 33.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 33.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Transnordestina Log&#237;stica </FONT></B></P>
</TD>
     <TD style="HEIGHT: 33.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%">&nbsp;</TD>
     <TD style="HEIGHT: 33.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="5%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>It&#225; Energ&#233;tica</FONT></B></P>
</TD>
     <TD style="HEIGHT: 33.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 33.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>CGPAR </FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>60<FONT style="FONT-SIZE: 8pt" face=Arial>.</FONT>00%</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>27<FONT style="FONT-SIZE: 8pt" face=Arial>.</FONT>27%</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>50<FONT style="FONT-SIZE: 8pt" face=Arial>.</FONT>00%</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%">&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>61<FONT style="FONT-SIZE: 8pt" face=Arial>.</FONT>64%</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>48<FONT style="FONT-SIZE: 8pt" face=Arial>.</FONT>75%</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%">&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>50<FONT style="FONT-SIZE: 8pt" face=Arial>.</FONT>00%</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>60<FONT style="FONT-SIZE: 8pt" face=Arial>.</FONT>00%</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>27<FONT style="FONT-SIZE: 8pt" face=Arial>.</FONT>27%</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>50<FONT style="FONT-SIZE: 8pt" face=Arial>.</FONT>00%</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%">&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>62<FONT style="FONT-SIZE: 8pt" face=Arial>.</FONT>64%</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>48.75%</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%">&nbsp;</TD>
     <TD style="HEIGHT: 12pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>50<FONT style="FONT-SIZE: 8pt" face=Arial>.</FONT>00%</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Balance sheet</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="5%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Current assets</FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>&nbsp;</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Cash and cash equivalents</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>6<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>269<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>694 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>741<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>936 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>2<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>016 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>74<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>654 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>46<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>634 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>18<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>463 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>5<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>499<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>139 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>266<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>905 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>925 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>511<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>586 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>31<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>436 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>27<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>253 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Advances to suppliers</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>113<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>318 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>13<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>480 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>428 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>244 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>71 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>250<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>469 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>13<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>994 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>98 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>364 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>337 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Other current assets</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>459,010 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>392<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>126 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>22<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>262 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>66<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>085 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>16<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>319 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>36<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>616 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>309<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>054 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>532<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>016 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>30<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>164 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>54<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>196 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>15<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>859 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>32,146 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Total current assets</FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>6<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>842<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>022 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>147<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>542 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>25,706 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>140<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>739 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>63,197 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>55<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>150 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>6<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>058<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>662 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>812<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>915 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>31<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>187 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>565<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>782 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>47<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>659 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>59<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>736 </FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Non-current assets</FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Advances to suppliers</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>9<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>322<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>903 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>9<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>236<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>170 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>&nbsp;</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Other non-current assets</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>141<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>825 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>641<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>291 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>89 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>273<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>184 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>31<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>395 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>10<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>457 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>129<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>504 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>503<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>849 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>86 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>253<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>307 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>32<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>371 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>85 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Investments, PP&amp;E and intangible assets</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>438,494 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>6<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>067<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>339 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>5<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>099 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>6<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>741<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>754 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>542<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>872 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>41<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>032 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>431<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>643 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>5<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>867<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>645 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>6<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>083 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>5,750<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>208 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>568<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>883 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>63<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>557 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Total non-current assets</FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>10<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>903,222 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>6<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>708<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>630 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>5,188 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>7<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>014<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>938 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>574<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>267 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>51<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>489 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>10<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>797<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>317 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>6<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>371<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>494 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>6<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>169 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>6<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>003<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>515 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>601<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>254 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>63<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>642 </FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Total assets</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>17<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>745<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>244 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>7<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>856<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>172 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>30<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>894 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>7<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>155<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>677 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>637<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>464 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>106<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>639 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>16<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>855<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>979 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>7<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>184<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>409 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>37<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>356 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>6<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>569<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>297 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>648<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>913 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>123<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>378 </FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 7.5pt">
     <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 7.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>&nbsp;</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Current liabilities</FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Borrowings and financing</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>4,687 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>531,920 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>156<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>527 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>13<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>297 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>368<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>818 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>382<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>332 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>187<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>331 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>25<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>520 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Other current liabilities</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>482<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>805 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>746<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>541 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>27<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>832 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>272<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>208 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>50,569 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>51<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>400 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>429<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>345 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>851<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>850 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>27<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>718 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>84<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>594 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>29<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>986 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>52<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>744 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Total current liabilities</FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>487<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>492 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>278<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>461 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>27<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>832 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>428<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>735 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>50<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>569 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>64<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>697 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>798<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>163 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>234<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>182 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>27<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>718 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>271<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>925 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>29<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>986 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>78<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>264 </FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Non-current liabilities</FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Borrowings and financing</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>26<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>077 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>3<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>128<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>146 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>4<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>480<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>271 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>15<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>089 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>29<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>541 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>2<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>657<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>635 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>4<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>223<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>796 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>23<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>443 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Other non-current liabilities</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>199<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>905 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>452,122 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>46 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>175<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>000 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>808 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>903 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>243<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>231 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>444<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>379 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>2<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>674 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>3<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>172 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>8<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>551 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Total non-current liabilities</FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>225<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>982 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>3<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>580<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>268 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>46 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>4<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>655<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>271 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>808 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>16<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>992 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>272<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>772 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>3<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>102<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>014 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>2<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>674 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>4<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>226<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>968 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>31<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>994 </FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Shareholders&#8217; equity</FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>17<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>031,770 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>2<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>997<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>443 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>3<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>016 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>2<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>071<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>671 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>585<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>087 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>24<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>950 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>15<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>785<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>044 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>2<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>848<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>213 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>6<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>964 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>2<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>070<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>404 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>618<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>927 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>13<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>120 </FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%" colSpan=2>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Total liabilities and shareholders&#8217; equity</FONT></B></P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>17<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>745<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>244 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>7<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>856<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>172 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>30<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>894 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>7<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>155<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>677 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>637<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>464 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>106<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>639 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>16<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>855<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>979 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>7<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>184<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>409 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>37<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>356 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>6<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>569<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>297 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>648<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>913 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>123<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>378 </FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 13.5pt">
     <TD style="HEIGHT: 13.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 13.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 13.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 13.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 13.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 13.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 13.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 13.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 13.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 13.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 13.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 13.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 13.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 13.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 13.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 13.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 13.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 13.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 13.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 13.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 13.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 13.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 13.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 13.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 13.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>&nbsp;</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="68%" colSpan=19 noWrap align=center>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>01/01/2015 to 9/30/2015</FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" colSpan=3 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>01/01/2015 to 9/30/2014</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="26%" colSpan=7 noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><I><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Joint-Venture</FONT></I></B></P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" colSpan=3 noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><I><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Joint-Operation</FONT></I></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="26%" colSpan=7 noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><I><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Joint-Venture</FONT></I></B></P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" colSpan=3 noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><I><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Joint-Operation</FONT></I></B></P>
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<TR style="HEIGHT: 33.75pt">
     <TD style="HEIGHT: 33.75pt; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=2 width="15%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Equity interest (%)</FONT></B></P>
</TD>
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     <TD style="HEIGHT: 33.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="5%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Nacional Min&#233;rios (*)</FONT></B></P>
</TD>
     <TD style="HEIGHT: 33.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%">&nbsp;</TD>
     <TD style="HEIGHT: 33.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="5%">
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</TD>
     <TD style="HEIGHT: 33.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%">&nbsp;</TD>
     <TD style="HEIGHT: 33.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="5%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>CBSI</FONT></B></P>
</TD>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Transnordestina Log&#237;stica </FONT></B></P>
</TD>
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     <TD style="HEIGHT: 33.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="5%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>It&#225; Energ&#233;tica</FONT></B></P>
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     <TD style="HEIGHT: 33.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>CGPAR </FONT></B></P>
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     <TD style="HEIGHT: 33.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>
     <TD style="HEIGHT: 33.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="5%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Nacional Min&#233;rios (*)</FONT></B></P>
</TD>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 33.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="5%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>MRS Log&#237;stica</FONT></B></P>
</TD>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 33.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="5%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>CBSI</FONT></B></P>
</TD>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 33.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Transnordestina Log&#237;stica </FONT></B></P>
</TD>
     <TD style="HEIGHT: 33.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%">&nbsp;</TD>
     <TD style="HEIGHT: 33.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="5%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>It&#225; Energ&#233;tica</FONT></B></P>
</TD>
     <TD style="HEIGHT: 33.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 33.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>CGPAR </FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>60<FONT style="FONT-SIZE: 8pt" face=Arial>.</FONT>00%</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>27.27%</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>50<FONT style="FONT-SIZE: 8pt" face=Arial>.</FONT>00%</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%">&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>61<FONT style="FONT-SIZE: 8pt" face=Arial>.</FONT>64%</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>48<FONT style="FONT-SIZE: 8pt" face=Arial>.</FONT>75%</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%">&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>50<FONT style="FONT-SIZE: 8pt" face=Arial>.</FONT>00%</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>60<FONT style="FONT-SIZE: 8pt" face=Arial>.</FONT>00%</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>27<FONT style="FONT-SIZE: 8pt" face=Arial>.</FONT>27%</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>50<FONT style="FONT-SIZE: 8pt" face=Arial>.</FONT>00%</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%">&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>62<FONT style="FONT-SIZE: 8pt" face=Arial>.</FONT>68%</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>48<FONT style="FONT-SIZE: 8pt" face=Arial>.</FONT>75%</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%">&nbsp;</TD>
     <TD style="HEIGHT: 12pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>50<FONT style="FONT-SIZE: 8pt" face=Arial>.</FONT>00%</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Statements of Income</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Net revenue</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>596<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>763 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>2<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>287<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>354 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>114<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>090 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>114<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>267 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>137<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>581 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>218<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>791 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>2<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>320<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>733 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>111<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>898 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>14 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>104<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>222 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>204<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>572 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Cost of sales and services</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(442<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>631)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(1<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>558<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>434)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(110<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>816)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(63.<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>82)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(104<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>783)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(970<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>154)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(1<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>563<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>603)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(105<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>780)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(64<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>304)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(171<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>723)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Gross profit</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>154<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>132 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>728<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>920 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>3<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>274 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>50<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>385 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>32<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>798 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>248<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>637 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>757<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>130 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>6<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>118 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>14 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>39<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>918 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>32,849 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Operating (expenses) income</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(109<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>408)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(202<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>924)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(6<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>363)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(24<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>894)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(37<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>186)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(12<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>531)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(169<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>508)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(187<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>972)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(6<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>397)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(19<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>345)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(34<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>295)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(3<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>192)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Finance income (costs), net</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>2<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>052<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>095 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(213<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>520)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(856)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(12<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>675)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>2<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>125 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(1<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>351)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>058<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>652 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(109<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>858)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>170 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(11<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>318)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>2<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>562 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(899)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%" colSpan=2>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Income before income tax and social contribution</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>2<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>096<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>819 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>312,476 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(3<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>945)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(37<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>569)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>15<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>324 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>18<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>916 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>137<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>781 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>459<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>300 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(109)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(30<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>649)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>8<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>185 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>28<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>758 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%" colSpan=2>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Current and deferred income tax and social contribution</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(72<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>162)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(108<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>791)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(5<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>191)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(7<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>086)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(416<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>704)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(157<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>146)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(59)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(2<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>832)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(10<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>529)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Profit / (loss) for the period</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: #000000 1px solid; HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>2<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>024<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>657 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: #000000 1px solid; HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>203<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>685 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: #000000 1px solid; HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(3<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>945)</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: #000000 1px solid; HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(37<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>569)</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: #000000 1px solid; HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>10<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>133 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: #000000 1px solid; HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>11<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>830 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: #000000 1px solid; HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>721<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>077 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: #000000 1px solid; HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>302<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>154 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: #000000 1px solid; HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="5%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(168)</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: #000000 1px solid; HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(30<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>649)</FONT></B></P>
</TD>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>5<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>353 </FONT></B></P>
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     <TD style="BORDER-TOP: #000000 1px solid; HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>18<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>229 </FONT></B></P>
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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=arial,sans-serif>(*) Refer to the consolidated balances and profit or loss of Nacional Min&#233;rios S. A. </FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0in"><FONT style="LINE-HEIGHT: 115%" face=symbol><FONT lang=PT-BR style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=symbol>&#183;</FONT><FONT lang=PT-BR style="FONT-SIZE: 7pt; LAYOUT-GRID-MODE: line" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT><FONT style="LINE-HEIGHT: 115%"><FONT lang=PT-BR style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>NACIONAL MIN&#201;RIOS S.A. - (&#8220;Namisa&#8221;) </FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=PT-BR style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><B><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>New strategic alliance with the Asian Consortium</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt" face="Times New Roman"></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" color=windowtext face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif>On December 11, 2014, CSN&#8217;s Board of Directors approved the formation of a strategic alliance with the Asian Consortium (&#8220;JKTC&#8221;).</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" color=windowtext face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" color=windowtext face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif>This transaction consists of creating a partnership between CSN and the JKTC, under which the JKTC will contribute its 40% stake in Namisa to Congonhas Min&#233;rios S.A. (&#8220;Congonhas Min&#233;rios&#8221;), a non-operating subsidiary of CSN, and to which CSN will contribute its Casa de Pedra iron ore mine, its 60% stake in Namisa, its 8.63% stake in MRS, and the assets of and the rights to manage and operate the TECAR Port concession. </FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>After closing the deal, CSN and the JKTC will hold approximately 88.25% and 11.75% of the share capital of Congonhas Min&#233;rios, respectively.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>These percentages were set considering the valuation of the entities&#180; net assets that will compose Congonhas Min&#233;rios and adjustments resulting from negotiations between CSN and JKTC involving the extinction of existing operating agreements between CSN and Namisa. As usual in transactions of this nature, in its closing will be held cash adjustments, debt and working capital.</FONT></FONT></P>
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     <TD width="75%" colSpan=2><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE </FONT></B></TD>
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     <TD width="65%"><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>ITR &#8211;&#8211; </FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Quarterly</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> Financial </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Information</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> -</FONT><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>September</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> 30, 2015 &#8211; CIA SIDERURGICA NACIONAL</FONT></FONT></TD>
     <TD width="10%"><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face=Arial,sans-serif>Version:1</FONT></TD></TR></TABLE>
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<FONT style="LINE-HEIGHT: 115%" color=windowtext face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif>The transaction also provides for an earn-out mechanism, under which a qualifying liquidity event occurring within certain valuation parameters and a given period of time agreed after the transaction is closed could dilute the Consortium&#8217;s equity interest in Congonhas Min&#233;rios from 11.75% up to 8.21%.</FONT></FONT></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" color=windowtext face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" color=windowtext face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif>The transaction&#8217;s primary purpose is to capture synergies among the businesses involved in this reorganization and generate shareholder value to create a world-class company. The main synergies identified are related to procedure optimization, increasing operation efficiencies and cutting operating costs, and capital expansion.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" color=windowtext face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" color=windowtext face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif>A portion of Congonhas Min&#233;rios&#8217; iron ore production will be sold to members of the JKTC and CSN. These rights are laid down in long-term supply agreements.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" color=windowtext face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" color=windowtext face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif>The closing of the transaction is subject to the parties reaching a consensus on a business plan, regulatory approvals by antitrust authorities and the governmental authorities responsible for regulating mining and ports rights, and other&nbsp;precedent conditions usual in this type of transaction. The closing date is scheduled for the end of 2015.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" color=windowtext face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" color=windowtext face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif>If the transaction described above is not completed by the mentioned closing date (end of 2015), some obligations, the terms and conditions of the operation established in the agreements signed between the Company and JKTC in the year 2008, which remain suspended as a result of the transaction signing, will again be in force.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" color=windowtext face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" color=windowtext face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif>The shareholders' agreement signed in 2008 provides that certain situations of standstill between the shareholders and not resolved after mediation and negotiation procedures between the parties&#180; executives may give rise to the Company's right to exercise call option and the consortium&#180;s right to exercise put option of its stake in Namisa.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" color=windowtext face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" color=windowtext face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif>Other agreements signed in order to enable this association in 2008, among the share purchase agreement as well as the long-term operating agreements between Namisa and the Company, provide for certain obligations that if not accomplished or resolved in the deadlines can give rise to, in certain situations, to the aggrieved party&#180;s right to exercise put option or purchase, as appropriate, the shareholding of the JKTC in Namisa.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" color=windowtext face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" color=windowtext face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif>Any of these events can generate a significant disbursement that may have adverse effect on the Company.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" color=windowtext face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" color=windowtext face=arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in; LINE-HEIGHT: 116%; TEXT-INDENT: -0.25in"><FONT style="LINE-HEIGHT: 116%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif>9.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LAYOUT-GRID-MODE: both" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B></FONT><FONT style="LINE-HEIGHT: 116%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif>PROPERTY, PLANT AND EQUIPMENT</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif>The information related to property, plant and equipment did not have significant changes in relation to that disclosed in the Company's financial statements as of December 31, 2014.</FONT></FONT></P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 42pt; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; BACKGROUND-ATTACHMENT: scroll; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-POSITION: 0% 0%; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Machinery. equipment and facilities</FONT></B></P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 42pt; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-POSITION: 0% 0%; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 42pt; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; BACKGROUND-ATTACHMENT: scroll; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-POSITION: 0% 0%; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Furniture and fixtures</FONT></B></P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 42pt; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-POSITION: 0% 0%; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 42pt; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; BACKGROUND-ATTACHMENT: scroll; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-POSITION: 0% 0%; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Construction in progress</FONT></B></P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 42pt; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-POSITION: 0% 0%; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 42pt; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; BACKGROUND-ATTACHMENT: scroll; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-POSITION: 0% 0%; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Other (*)</FONT></B></P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 42pt; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-POSITION: 0% 0%; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 42pt; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; BACKGROUND-ATTACHMENT: scroll; BORDER-BOTTOM: windowtext 1pt solid; BACKGROUND-POSITION: 0% 0%; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Total</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="23%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Balance at December 31, 2014</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial" color=#000000>216,458 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT color=#000000></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial" color=#000000>2,432,450 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT color=#000000></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial" color=#000000>10,499,676 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT color=#000000></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial" color=#000000>36,633 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT color=#000000></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial" color=#000000>2,243,967 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT color=#000000></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial" color=#000000>194,956 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT color=#000000></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial" color=#000000>15,624,140 </FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="23%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Cost</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial" color=#000000>216,458 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial" color=#000000>3,021,437 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial" color=#000000>16,791,750 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial" color=#000000>167,410 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial" color=#000000>2,243,967 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial" color=#000000>414,276 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial" color=#000000>22,855,298 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="23%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Accumulated depreciation</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT color=#000000></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT color=#000000></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial" color=#000000>(588,987)</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT color=#000000></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial" color=#000000>(6,292,074)</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT color=#000000></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial" color=#000000>(130,777)</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT color=#000000></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT color=#000000></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT color=#000000></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial" color=#000000>(219,320)</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT color=#000000></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial" color=#000000>(7,231,158)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="23%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Balance at December 31, 2014</FONT></B></P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial" color=#000000>216,458 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial" color=#000000>2,432,450 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial" color=#000000>10,499,676 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial" color=#000000>36,633 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial" color=#000000>2,243,967 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial" color=#000000>194,956 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial" color=#000000>15,624,140 </FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="23%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-FAMILY: arial" color=#000000>Effect of foreign exchange differences</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" color=#000000 face=arial.sans-serif></FONT><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial" color=#000000>19,350 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT color=#000000></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial" color=#000000>60,378 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT color=#000000></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial" color=#000000>263,215 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT color=#000000></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial" color=#000000>1,344 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT color=#000000></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial" color=#000000>6,699 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT color=#000000></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial" color=#000000>6,919 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT color=#000000></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">357,905 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="23%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial" color=#000000>Acquisitions</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT color=#000000></FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial" color=#000000>554 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial" color=#000000>243,098 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial" color=#000000>2,104 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial" color=#000000>1,447,331 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial" color=#000000>10,706 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">1,703,793 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="23%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Capitalized interest (Notes 23 and 27)</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT color=#000000></FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT color=#000000></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT color=#000000></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT color=#000000></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT color=#000000></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT color=#000000></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT color=#000000></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT color=#000000></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial" color=#000000>116,122 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT color=#000000></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT color=#000000></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT color=#000000></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">116,122 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="23%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial" color=#000000>Write-offs (note 22)</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT color=#000000></FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial" color=#000000>(873)</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial" color=#000000>(14)</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial" color=#000000>(3,827)</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial" color=#000000>(59)</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(4,773)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="23%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial" color=#000000>Depreciation </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT color=#000000></FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT color=#000000></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial" color=#000000>(71,940)</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT color=#000000></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial" color=#000000>(726,754)</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT color=#000000></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial" color=#000000>(4,437)</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT color=#000000></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT color=#000000></FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT color=#000000></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial" color=#000000>(18,160)</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT color=#000000></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(821,291)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="23%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-FAMILY: arial" color=#000000>Transfers to other asset categories </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" color=#000000 face=arial.sans-serif></FONT><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial" color=#000000>22,128 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial" color=#000000>229,886 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial" color=#000000>401,278 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial" color=#000000>28 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial" color=#000000>(655,365)</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial" color=#000000>2,045 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="23%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial" color=#000000>Transfers to intangible assets</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT color=#000000></FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT color=#000000></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT color=#000000></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT color=#000000></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT color=#000000></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT color=#000000></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT color=#000000></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT color=#000000></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial" color=#000000>(1,782)</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT color=#000000></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT color=#000000></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT color=#000000></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(1,782)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="23%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial" color=#000000>Other </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT color=#000000></FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial" color=#000000>(5,723)</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial" color=#000000>(58,891)</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial" color=#000000>17,464 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">1,927 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(45,223)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="23%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Balance at September 30, 2015</FONT></B></P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial" color=#000000>257,936 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT color=#000000></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial" color=#000000>2,645,605 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT color=#000000></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial" color=#000000>10,620,749 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT color=#000000></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial" color=#000000>35,658 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT color=#000000></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial" color=#000000>3,170,609 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT color=#000000></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial" color=#000000>198,334 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT color=#000000></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial" color=#000000>16,928,891 </FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="23%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Cost</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial" color=#000000>257,936 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial" color=#000000>3,343,050 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial" color=#000000>17,832,170 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial" color=#000000>176,837 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial" color=#000000>3,170,609 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial" color=#000000>445,923 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial" color=#000000>25,226,525 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="23%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Accumulated depreciation</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT color=#000000></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT color=#000000></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial" color=#000000>(697,445)</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT color=#000000></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial" color=#000000>(7,211,421)</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT color=#000000></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial" color=#000000>(141,179)</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT color=#000000></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT color=#000000></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT color=#000000></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial" color=#000000>(247,589)</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT color=#000000></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial" color=#000000>(8,297,634)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="23%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Balance at September 30, 2015</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial" color=#000000>257,936 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial" color=#000000>2,645,605 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial" color=#000000>10,620,749 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial" color=#000000>35,658 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial" color=#000000>3,170,609 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial" color=#000000>198,334 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial" color=#000000>16,928,891 </FONT></B></P>
</TD></TR></TABLE>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<DIV align=left><FONT lang=PT-BR style="FONT-SIZE: 11pt" face=Calibri,sans-serif></FONT>&nbsp;</DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%">&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face=Arial>PAGE 42 of 86</FONT></P>
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     <TD width="75%" colSpan=2><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE </FONT></B></TD>
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<IMG src="x15111317003600.jpg" width=118 height=54>
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     <TD width="65%"><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>ITR &#8211;&#8211; </FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Quarterly</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> Financial </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Information</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> -</FONT><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>September</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> 30, 2015 &#8211; CIA SIDERURGICA NACIONAL</FONT></FONT></TD>
     <TD width="10%"><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face=Arial,sans-serif>Version:1</FONT></TD></TR></TABLE>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 8pt" face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt">&nbsp;</P>
<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>
<TR style="HEIGHT: 11.25pt">
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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     <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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     <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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     <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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     <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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     <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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     <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Parent Company</FONT></B></P>
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<TR style="HEIGHT: 39pt">
     <TD style="HEIGHT: 39pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="22%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 39pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 39pt; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Land</FONT></B></P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 39pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 39pt; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Buildings</FONT></B></P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 39pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 39pt; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Machinery. equipment and facilities</FONT></B></P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 39pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 39pt; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Furniture and fixtures</FONT></B></P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 39pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 39pt; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Construction in progress</FONT></B></P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 39pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 39pt; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Other (*)</FONT></B></P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 39pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 39pt; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Total</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="22%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Balance at December 31<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT> 2014</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8.05pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>110,181 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8.05pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8.05pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>1,786,572 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8.05pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8.05pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>8,882,070 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8.05pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8.05pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>29,036 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8.05pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8.05pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>2,118,097 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8.05pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8.05pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>183,338 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8.05pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8.05pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>13,109,294 </FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="22%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Cost</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>110,181 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>2,003,303 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>13,877,027 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>136,041 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>2,118,097 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>301,835 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>18,546,484 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="22%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Accumulated depreciation</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>(216,731)</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>(4,994,957)</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>(107,005)</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>(118,497)</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(5,437,190)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="22%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Balance at December 31<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT> 2014</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8.05pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>110,181 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8.05pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>1,786,572 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8.05pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>8,882,070 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8.05pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>29,036 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8.05pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>2,118,097 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8.05pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>183,338 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8.05pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>13,109,294 </FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="22%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Acquisitions</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif></FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>224,681 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>1,326 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>1,370,613 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>612 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1,597,232 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="22%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Merger of subsidiaries</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>1,400 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>214,879 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>175,298 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>561 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>13 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>4,713 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>396,864 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="22%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Capitalized interest (Notes 23 and 27)</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>116,122 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>116,122 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="22%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Write-offs (note 22)</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>(37)</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>(14)</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>(3,827)</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>(57)</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(3,935)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="22%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Depreciation </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>(44,354)</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>(589,131)</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>(3,636)</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>(8,183)</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(645,304)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="22%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Transfers to other asset categories </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif></FONT><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>22,128 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>199,701 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>365,362 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>11 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>(587,288)</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>86 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="22%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Transfers to intangible assets</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt"><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>(563)</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(563)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="22%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Other </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>(5,723)</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>(57,674)</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>17,539 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>615 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(45,243)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="22%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Balance at September 30<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT> 2015</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8.05pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>133,709 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8.05pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8.05pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>2,151,075 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8.05pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8.05pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>9,000,569 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8.05pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8.05pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>27,284 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8.05pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8.05pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>3,030,706 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8.05pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8.05pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>181,124 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8.05pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8.05pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>14,524,467 </FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="22%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Cost</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>133,709 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>2,434,831 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>14,566,070 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>138,452 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>3,030,706 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>304,594 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>20,608,362 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="22%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Accumulated depreciation</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>(283,756)</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>(5,565,501)</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>(111,168)</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>(123,470)</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>(6,083,895)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="22%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Balance at September 30<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT> 2015</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BACKGROUND: white; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8.05pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>133,709 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8.05pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BACKGROUND: white; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8.05pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>2,151,075 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8.05pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BACKGROUND: white; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8.05pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>9,000,569 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8.05pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BACKGROUND: white; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8.05pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>27,284 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8.05pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BACKGROUND: white; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8.05pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>3,030,706 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8.05pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BACKGROUND: white; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8.05pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>181,124 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8.05pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BACKGROUND: white; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8.05pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>14,524,467 </FONT></B></P>
</TD></TR></TABLE>
<DIV align=left>&nbsp;</DIV></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman">&nbsp;</FONT><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>(*) Refer basically to railway assets such as courtyards, tracks and railway sleepers, and leasehold improvements, vehicles, hardware, mines and ore deposits, and spare part inventories.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif>The breakdown of the projects comprising construction in progress is as follows:</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" color=red><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" color=red face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<DIV align=left>
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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
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     <TD style="HEIGHT: 14.1pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Consolidated</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Project description</FONT></B></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Start date</FONT></B></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Completion date</FONT></B></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
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     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 23.25pt; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%">
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>9/30/2015</FONT></B></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>12/31/2014</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8.05pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Logistics</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8.05pt"><B><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8.05pt"><B><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="4%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>&nbsp;</TD></TR>
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<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Current investments for maintenance of current operations. </FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="4%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>74,606 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>45,522 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="41%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="4%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; TEXT-INDENT: 8.05pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>74,606 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; TEXT-INDENT: 8.05pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>45,522 </FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
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<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8.05pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Mining</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="41%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8.05pt"><B><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8.05pt"><B><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="4%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8.05pt"><B><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="12%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; TEXT-INDENT: 8.05pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="41%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Expansion of Casa de Pedra Mine capacity production. </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>2007</FONT></P>
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     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>2017</FONT></P>
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     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="4%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><SUP><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>(1)</FONT></SUP></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>1,186,967 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>462,075 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="41%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Expansion of TECAR export capacity. </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>2009</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>2019/2020</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="4%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><SUP><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>(2)</FONT></SUP></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>397,404 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>332,394 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="41%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Current investments for maintenance of current operations. </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="4%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>74,438 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>60,236 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="41%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="4%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT><B><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>1,658,809 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; TEXT-INDENT: 8.05pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>854,705 </FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8.05pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Steel</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="41%">&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="4%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="12%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>&nbsp;</TD></TR>
<TR style="HEIGHT: 23.25pt">
     <TD style="HEIGHT: 23.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 23.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="41%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Construction of a long steel plant to produce rebar and machine wire. </FONT></P>
</TD>
     <TD style="HEIGHT: 23.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>2008</FONT></P>
</TD>
     <TD style="HEIGHT: 23.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>2016</FONT></P>
</TD>
     <TD style="HEIGHT: 23.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="4%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><SUP><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>(3)</FONT></SUP></P>
</TD>
     <TD style="HEIGHT: 23.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>105,213 </FONT></P>
</TD>
     <TD style="HEIGHT: 23.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>95,991 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="41%">
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Implementation of the AF#3&#8217;s gas pressure recovery. </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>2006</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>2015</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="4%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>386 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>1,140 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="41%">
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Expansion of the service center/Mogi. </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>2013</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>2015</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="4%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><SUP><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>(4)</FONT></SUP></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>11,370 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>46,993 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="41%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Current investments for maintenance of current operations. </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="4%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>294,515 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>159,499 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="41%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="4%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; TEXT-INDENT: 8.05pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>411,484 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; TEXT-INDENT: 8.05pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>303,623 </FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8.05pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Cement</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="41%">&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="4%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="12%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>&nbsp;</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="41%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Construction of cement plants. </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>2011</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>2015/2016</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="4%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><SUP><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>(5)</FONT></SUP></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>1,018,473 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>1,030,938 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="41%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Current investments for maintenance of current operations. </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="4%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>7,237 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>9,179 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="41%">
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="4%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; TEXT-INDENT: 8.05pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>1,025,710 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; TEXT-INDENT: 8.05pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>1,040,117 </FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="41%">
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="4%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; TEXT-INDENT: 8.05pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>3,170,609 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; TEXT-INDENT: 8.05pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>2,243,967</FONT></B></P>
</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%" align=left><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0in 14.2pt; LINE-HEIGHT: 116%; TEXT-INDENT: -14.2pt"><FONT style="LINE-HEIGHT: 116%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>(1)</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" face="times new roman">&nbsp; </FONT></FONT><FONT style="LINE-HEIGHT: 116%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Expected date for completion of the Central Plant Stage 1 and Magnetic Separators;</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0in 14.2pt; LINE-HEIGHT: 116%; TEXT-INDENT: -14.2pt"><FONT style="LINE-HEIGHT: 116%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>(2)</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" face="times new roman">&nbsp; </FONT></FONT><FONT style="LINE-HEIGHT: 116%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Expected date for completion of the 60 Mtpa stage;</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>(3) Refers to advance for construction of two new plants, which were converted to a contract of supply of equipment for use in steelmaking operation, in the third quarter of 2015;</FONT></FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>(4) Expected date for completion of Service Center/Mogi;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>(5) Expected date for completion of Minas Gerais unit.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face=Arial>PAGE 43 of 86</FONT></P>
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     <TD width="75%" colSpan=2><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE </FONT></B></TD>
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     <TD width="65%"><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>ITR &#8211;&#8211; </FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Quarterly</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> Financial </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Information</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> -</FONT><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>September</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> 30, 2015 &#8211; CIA SIDERURGICA NACIONAL</FONT></FONT></TD>
     <TD width="10%"><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face=Arial,sans-serif>Version:1</FONT></TD></TR></TABLE>
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<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 8pt" face="Times New Roman"></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>In the last quarter of 2014 the management conducted a review of useful lives for all the Company's units. Due to the current investment maintenance in the industrial facilities equipment, the useful life of machinery and equipment has increased due to this review. Therefore, the estimated useful lives for the current year are as follows:</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Consolidated</FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Parent Company</FONT></B></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>9/30/2015</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
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     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>9/30/2014</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
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     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%">
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>9/30/2015</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
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     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>9/30/2014</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Buildings</FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>43 </FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>43 </FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>42 </FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>41 </FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Machinery, equipment and facilities</FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>18 </FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>14 </FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>18 </FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>13 </FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Furniture and fixtures</FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>10 </FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>11 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>11 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>11 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="31%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Other</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>29 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>26 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>13 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>18 </FONT></P>
</TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>9.a) Depreciation and amortization expense:</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>Additions to depreciation, amortization and depletion for the period were distributed as follows:</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="30%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Consolidated</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="30%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="33%" colSpan=3 noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=#333333 face=arial,sans-serif>Nine-month period ended </FONT></B></P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" color=#333333 face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="34%" colSpan=3 noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=#333333 face=arial,sans-serif>Three-month period ended</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="30%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>9/30/2015</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>09/30/2014</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%">
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>9/30/2015</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>09/30/2014</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="30%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Production cost</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>810,695 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>889,896 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>278,786 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>320,077 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="30%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Selling expenses</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>7,008 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>6,755 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>2,378 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>2,308 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="30%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>General and administrative expenses</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>10,008 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>10,688 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>3,369 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>3,360 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="30%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>827,711 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>907,339 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>284,533 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>325,745 </FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="30%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Other operating expenses (*) </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>29,426 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>27,216 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>10,949 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>8,657 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="30%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>857,137 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>934,555 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>295,482 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>334,402 </FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="30%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%" noWrap>&nbsp;</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="30%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%" noWrap>&nbsp;</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="30%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Parent Company</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="30%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="33%" colSpan=3 noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=#333333 face=arial,sans-serif>Nine-month period ended </FONT></B></P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" color=#333333 face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="34%" colSpan=3 noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=#333333 face=arial,sans-serif>Thee-month period ended</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="30%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>9/30/2015</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>09/30/2014</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%">
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>9/30/2015</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>09/30/2014</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="30%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Production cost</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>640,172 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>734,750 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>223,487 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>266,327 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="30%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Selling expenses</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>5,577 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>5,162 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1,919 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1,773 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="30%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>General and administrative expenses</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>6,203 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>7,018 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1,990 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>2,152 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="30%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>651,952 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>746,930 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>227,396 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>270,252 </FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="30%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Other operating expenses (*) </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>714 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="30%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>651,952 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>747,644 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>227,396 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>270,252 </FONT></B></P>
</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif>(*) Refers to the depreciation of unused equipment and intangible assets amortization, see note 22.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face=Arial>PAGE 44 of 86</FONT></P>
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     <TD width="75%" colSpan=2><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE </FONT></B></TD>
     <TD rowSpan=3 width="25%" align=right>
<IMG src="x15111317003600.jpg" width=118 height=54>
</TD></TR>
<TR>
     <TD width="65%"></TD>
     <TD width="10%"></TD></TR>
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     <TD width="65%"><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>ITR &#8211;&#8211; </FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Quarterly</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> Financial </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Information</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> -</FONT><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>September</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> 30, 2015 &#8211; CIA SIDERURGICA NACIONAL</FONT></FONT></TD>
     <TD width="10%"><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face=Arial,sans-serif>Version:1</FONT></TD></TR></TABLE>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 8pt" face="Times New Roman"></FONT>&nbsp;</P>
</DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in; LINE-HEIGHT: 116%; TEXT-INDENT: -0.25in"><FONT style="LINE-HEIGHT: 116%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif>10.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LAYOUT-GRID-MODE: both" face="times new roman">&nbsp;&nbsp; </FONT></B></FONT><FONT style="LINE-HEIGHT: 116%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif>INTANGIBLE ASSETS</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>The information related to intangible assets did not have significant changes in relation to that disclosed in the Company's financial statements as of December 31, 2014 and, accordingly, the Company decided not to repeat it fully in the condensed interim financial statements as of September 30, 2015.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif></FONT></B></FONT>&nbsp;</P>
<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="23%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="51%" colSpan=9 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Consolidated</FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" colSpan=4 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Parent Company</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 40.5pt">
     <TD style="HEIGHT: 40.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="23%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 40.5pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Goodwill </FONT></B></P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 40.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 40.5pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Customer relationships</FONT></B></P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 40.5pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Software</FONT></B></P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 40.5pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Trademarks and patents</FONT></B></P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 40.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 40.5pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Other</FONT></B></P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 40.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 40.5pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Total</FONT></B></P>
</TD>
     <TD style="HEIGHT: 40.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 40.5pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Goodwill </FONT></B></P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 40.5pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Software</FONT></B></P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 40.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 40.5pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Total</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="23%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Balance at December 31<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT> 2014</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8.05pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>407,434 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8.05pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8.05pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>347,115 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8.05pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>79,867 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8.05pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>109,052 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8.05pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8.05pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>185 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8.05pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8.05pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>943,653 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8.05pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>13,091 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8.05pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>75,825 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8.05pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>88,916 </FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; TEXT-INDENT: 8pt" width="23%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Cost </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>666,768 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>415,964 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>153,080 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>109,052 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>185 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1,345,049 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>14,135 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>110,241 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>124,376 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; TEXT-INDENT: 8pt" width="23%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Accumulated amortization </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(150,004)</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(68,849)</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(73,213)</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(292,066)</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(1,044)</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(34,416)</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(35,460)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; TEXT-INDENT: 8pt" width="23%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Adjustment for accumulated recoverable value </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(109,330)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(109,330)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" align=right>&nbsp;</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="23%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Balance at December 31<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT> 2014</FONT></B></P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8.05pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>407,434 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8.05pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8.05pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>347,115 </FONT></B></P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8.05pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>79,867 </FONT></B></P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8.05pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>109,052 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8.05pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8.05pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>185 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8.05pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8.05pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>943,653 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8.05pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>13,091 </FONT></B></P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8.05pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>75,825 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8.05pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>88,916 </FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="23%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>Effect of foreign exchange differences</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>122,624 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>214 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>40,819 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>69 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>163,726 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif></FONT></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="23%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt"><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>Acquisitions and expenditures</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>362 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>78 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>440 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif></FONT></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="23%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Merger of subsidiary</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>706 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>706 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="23%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Transfer of property. plant and equipment</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>860 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>922 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1,782 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>563 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>563 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="23%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Amortization</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(28,178)</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(7,668)</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(35,846)</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(6,648)</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(6,648)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="23%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Balance at September 30<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT> 2015</FONT></B></P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8.05pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>407,434 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8.05pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8.05pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>441,561 </FONT></B></P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8.05pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>73,635 </FONT></B></P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8.05pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>149,871 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8.05pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8.05pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1,254 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8.05pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8.05pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1,073,755 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8.05pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>13,091 </FONT></B></P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8.05pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>70,446 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8.05pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>83,537 </FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="23%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Cost </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>666,768 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>571,664 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>167,877 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>149,871 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1,254 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1,557,434 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>14,135 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>112,368 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>126,503 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="23%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Accumulated amortization </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(150,004)</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(130,103)</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(94,242)</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(374,349)</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(1,044)</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(41,922)</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(42,966)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="23%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Adjustment for accumulated recoverable value </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(109,330)</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(109,330)</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="23%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Balance at September 30<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT> 2015 </FONT></B></P>
</TD>
     <TD style="BORDER-TOP: #000000 1px solid; HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8.05pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>407,434 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8.05pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: #000000 1px solid; HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8.05pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>441,561 </FONT></B></P>
</TD>
     <TD style="BORDER-TOP: #000000 1px solid; HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8.05pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>73,635 </FONT></B></P>
</TD>
     <TD style="BORDER-TOP: #000000 1px solid; HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8.05pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>149,871 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8.05pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: #000000 1px solid; HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8.05pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1,254 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8.05pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: #000000 1px solid; HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8.05pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1,073,755 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: #000000 1px solid; HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8.05pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>13,091 </FONT></B></P>
</TD>
     <TD style="BORDER-TOP: #000000 1px solid; HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8.05pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>70,446 </FONT></B></P>
</TD>
     <TD style="BORDER-TOP: #000000 1px solid; HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8.05pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: #000000 1px solid; HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8.05pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>83,537 </FONT></B></P>
</TD></TR></TABLE>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 116%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in; LINE-HEIGHT: 116%; TEXT-INDENT: -0.25in"><FONT style="LINE-HEIGHT: 116%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>11.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LAYOUT-GRID-MODE: line" face="times new roman">&nbsp;&nbsp; </FONT></B></FONT><FONT style="LINE-HEIGHT: 116%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>BORROWINGS, FINANCING AND DEBENTURES</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>The balances of borrowings, financing and debentures, which are carried at amortized cost, are as follows:</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT lang=PT-BR style="FONT-SIZE: 11pt" face=Calibri,sans-serif></FONT>&nbsp;</P>
<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="11%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="53%" colSpan=9 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Consolidated</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="32%" colSpan=7 noWrap><FONT style="FONT-SIZE: 8pt"><FONT style="FONT-FAMILY: arial">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B></B></P>
</FONT></FONT>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-FAMILY: arial"><FONT style="FONT-SIZE: 8pt">Parent Company</FONT></FONT></B></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="11%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" rowSpan=2 width="17%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Rates p<FONT style="FONT-SIZE: 8pt" face=Arial>.</FONT>a<FONT style="FONT-SIZE: 8pt" face=Arial>.</FONT> (%)</FONT></B></P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="16%" colSpan=3>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Current liabilities</FONT></B></P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="16%" colSpan=3>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Non-current liabilities</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="15%" colSpan=3>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Current liabilities</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="15%" colSpan=3>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Non-current liabilities</FONT></B></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="11%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">9/30/2015</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">12/31/2014</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">9/30/2015</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">12/31/2014</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">9/30/2015</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">12/31/2014</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">9/30/2015</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">12/31/2014</FONT></B></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="11%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">FOREIGN CURRENCY</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="17%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="11%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Prepayment</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="17%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">1% to 3<FONT style="FONT-SIZE: 8pt" face=Arial>.</FONT>5%</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">224,548 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">346,719 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">3,904,036 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">2,338,327 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">224,548 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">76,642 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">3,904,036 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">2,323,290 </FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="11%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Prepayment</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="17%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">3<FONT style="FONT-SIZE: 8pt" face=Arial>.</FONT>51% to 8%</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">37,849 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">12,411 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">2,562,521 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">1,713,249 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">113,938 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">158,915 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">9,877,821 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">6,869,730 </FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="11%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Perpetual bonds</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="17%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">7%</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">5,408 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">3,615 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">3,972,900 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">2,656,200 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="11%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Fixed rate notes</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="17%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">4<FONT style="FONT-SIZE: 8pt" face=Arial>.</FONT>14% to 10%</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">57,426 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">1,236,634 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">7,413,491</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">4,996,352</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">87,346 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">1,187,610 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">4,127,090</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">1,593,720</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="11%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Intercompany bonds</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="19%" colSpan=2 noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">6M Libor + 2<FONT style="FONT-SIZE: 8pt" face=Arial>.</FONT>25% and 3%</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">1,274,059 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">73,839 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">2,173,611</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">910,983</FONT></P>
</TD></TR>
<TR style="HEIGHT: 24pt">
     <TD style="HEIGHT: 24pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="11%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Other</FONT></P>
</TD>
     <TD style="HEIGHT: 24pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="HEIGHT: 24pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="17%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">1<FONT style="FONT-SIZE: 8pt" face=Arial>.</FONT>2% to 8%</FONT></P>
</TD>
     <TD style="HEIGHT: 24pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="HEIGHT: 24pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">114,830 </FONT></P>
</TD>
     <TD style="HEIGHT: 24pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 24pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">51,634 </FONT></P>
</TD>
     <TD style="HEIGHT: 24pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 24pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">443,653 </FONT></P>
</TD>
     <TD style="HEIGHT: 24pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 24pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">387,240 </FONT></P>
</TD>
     <TD style="HEIGHT: 24pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 24pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 24pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 24pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 24pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 24pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 24pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 24pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="11%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="17%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">440,061</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">1,651,013</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">18,296,601</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">12,091,368</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">1,699,891</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">1,497,006</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">20,082,558</FONT></B></P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">11,697,723</FONT></B></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="11%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">LOCAL CURRENCY</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="17%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 33pt">
     <TD style="HEIGHT: 33pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="11%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">BNDES/FINAME</FONT></P>
</TD>
     <TD style="HEIGHT: 33pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 33pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="17%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-FAMILY: arial">TJLP + 1<FONT style="FONT-SIZE: 8pt" face=Arial>.</FONT>5% to 3<FONT style="FONT-SIZE: 8pt" face=Arial>.</FONT>2% and fixed rate of 2<FONT style="FONT-SIZE: 8pt" face=Arial>.</FONT>5% to 10%</FONT></P>
</TD>
     <TD style="HEIGHT: 33pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 33pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT lang=EN-US face=arial.sans-serif></FONT><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">45,543 </FONT></P>
</TD>
     <TD style="HEIGHT: 33pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 33pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">85,373 </FONT></P>
</TD>
     <TD style="HEIGHT: 33pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 33pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">994,717 </FONT></P>
</TD>
     <TD style="HEIGHT: 33pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 33pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">965,849 </FONT></P>
</TD>
     <TD style="HEIGHT: 33pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 33pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">20,305</FONT></P>
</TD>
     <TD style="HEIGHT: 33pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 33pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">48,308</FONT></P>
</TD>
     <TD style="HEIGHT: 33pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 33pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">924,682</FONT></P>
</TD>
     <TD style="HEIGHT: 33pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 33pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">879,681</FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="11%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Debentures</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="17%" noWrap>
<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">105<FONT style="FONT-SIZE: 8pt" face=Arial>.</FONT>8% to 111<FONT style="FONT-SIZE: 8pt" face=Arial>.</FONT>2% of CDI</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">38,368 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">847,411 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">1,750,000 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">1,550,000 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">38,368</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">847,411</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">1,750,000</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">1,550,000</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="11%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Prepayment</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="19%" colSpan=2 noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-FAMILY: arial">106<FONT style="FONT-SIZE: 8pt" face=Arial>.</FONT>5% to 110<FONT style="FONT-SIZE: 8pt" face=Arial>.</FONT>79% of CDI and fixed rate of 8%</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT lang=EN-US face=arial.sans-serif></FONT><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">357,634 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">118,870 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">5,200,000 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">5,345,000 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">355,267</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">93,087</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">3,200,000</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">3,345,000</FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="11%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">CCB</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="17%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">112<FONT style="FONT-SIZE: 8pt" face=Arial>.</FONT>5% of CDI</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">73,174 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">101,841 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">7,200,000 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">7,200,499 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">73,174</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">101,841</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">7,200,000</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">7,200,000</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="11%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Intercompany bonds</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="17%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">110<FONT style="FONT-SIZE: 8pt" face=Arial>.</FONT>79% of CDI</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">667,222</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">148,686</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">1,204,843</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">1,759,474</FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="11%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Other</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="17%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">8,463 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">9,422 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">12,374 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">11,549 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">1,254</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">2,258</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="11%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="17%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">523,182</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">1,162,917</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">15,157,091</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">15,072,897</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">1,155,590</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">1,241,591</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">14,279,525</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">14,734,155</FONT></B></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="30%" colSpan=3>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Total borrowings and financing</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">963,243</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">2,813,930</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">33,453,692</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">27,164,265</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">2,855,481</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">2,738,597</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">34,362,083</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">26,431,878</FONT></B></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="30%" colSpan=3 noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Transaction costs and issue premiums</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT lang=EN-US face=arial.sans-serif></FONT><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(22,868)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(23,406)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(87,131)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(71,410)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(20,049)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(18,362)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(77,253)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(61,966)</FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="30%" colSpan=3>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Total borrowings and financing + transaction costs</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT lang=EN-US></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: #000000 1px solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">940,375</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: #000000 1px solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">2,790,524</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: #000000 1px solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">33,366,561</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: #000000 1px solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">27,092,855</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: #000000 1px solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">2,835,432</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: #000000 1px solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">2,720,235</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: #000000 1px solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">34,284,830</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: #000000 1px solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">26,369,912</FONT></B></P>
</TD></TR></TABLE>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%">&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face=Arial>PAGE 45 of 86</FONT></P>
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     <TD width="75%" colSpan=2><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE </FONT></B></TD>
     <TD rowSpan=3 width="25%" align=right>
<IMG src="x15111317003600.jpg" width=118 height=54>
</TD></TR>
<TR>
     <TD width="65%"></TD>
     <TD width="10%"></TD></TR>
<TR>
     <TD width="65%"><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>ITR &#8211;&#8211; </FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Quarterly</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> Financial </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Information</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> -</FONT><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>September</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> 30, 2015 &#8211; CIA SIDERURGICA NACIONAL</FONT></FONT></TD>
     <TD width="10%"><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face=Arial,sans-serif>Version:1</FONT></TD></TR></TABLE>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 8pt" face="Times New Roman"></FONT>&nbsp;</P>
</DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>The balances of prepaid related parties borrowings total R$7,391,389 as of September 30, 2015 (R$5,302,985 as of December 31, 2014) and the balances of Fixed Rate Notes and related parties Bonds total R$4,214,436 (R$2,781,330 as of December 31, 2014), see note 17b.</FONT></FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%" align=center><FONT style="LINE-HEIGHT: 115%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%; TEXT-INDENT: 0in"><FONT style="LINE-HEIGHT: 116%" face=symbol><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LAYOUT-GRID-MODE: line" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT><FONT style="LINE-HEIGHT: 116%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>Maturities of borrowings, financing and debentures presented in non-current liabilities</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>As of September 30, 2015, the inflation-adjusted principal of long-term borrowings, financing and debentures by maturity year is as follows:</FONT></FONT></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Consolidated</FONT></B></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Parent Company</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>2016</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>317,907 </FONT></P>
</TD>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1%</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>398,230 </FONT></P>
</TD>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" face=Arial>1</FONT>%</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>2017</FONT></P>
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     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1,465,486 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="5%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" face=Arial>4</FONT>%</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="5%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>3,912,050 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="5%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1<FONT style="FONT-SIZE: 8pt" face=Arial>1</FONT>%</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="18%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>2018</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>5,792,876 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="5%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>17%</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="5%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>5,447,028 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="5%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>16%</FONT></P>
</TD></TR>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>2019</FONT></P>
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     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="5%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>7,950,205 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="5%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>24%</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="5%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>6,092,530 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="5%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>18%</FONT></P>
</TD></TR>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>2020</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>8,970,600 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="5%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>2<FONT style="FONT-SIZE: 8pt" face=Arial>7</FONT>%</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="5%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>5,204,240 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="5%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>15%</FONT></P>
</TD></TR>
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     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="18%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>After 2021</FONT></P>
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     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="5%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>4,983,718 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="5%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1<FONT style="FONT-SIZE: 8pt" face=Arial>5</FONT>%</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="5%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>13,308,005 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="5%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>39%</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="18%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Perpetual bonds</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>3,972,900 </FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>12%</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD></TR>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
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<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>33,453,692 </FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BACKGROUND: white; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>100%</FONT></B></P>
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     <TD style="HEIGHT: 12.95pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="5%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BACKGROUND: white; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>34,362,083 </FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BACKGROUND: white; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>100%</FONT></B></P>
</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><B><FONT lang=PT-BR style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><B><FONT lang=PT-BR style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0in"><FONT style="LINE-HEIGHT: 115%" face=symbol><FONT lang=PT-BR style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=symbol>&#183;</FONT><FONT lang=PT-BR style="FONT-SIZE: 7pt; LAYOUT-GRID-MODE: line" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT><FONT style="LINE-HEIGHT: 115%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>Debt renegotiation</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><FONT lang=PT-BR style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=arial,sans-serif>In September 2015, the Company completed the lengthening of part of its debts with Caixa Economica Federal amounting to R$ 2.57 billion, and with Banco do Brasil SA, amounting to R$ 2.208 billion, changing the maturities scheduled for the years 2016 and 2017 for the period between 2018 and 2022, in installments equally distributed.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%; TEXT-INDENT: 0in"><FONT style="LINE-HEIGHT: 116%" face=symbol><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LAYOUT-GRID-MODE: line" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT><FONT style="LINE-HEIGHT: 116%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>Amortizations and new borrowings, financing and debentures </FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif>The table below shows the amortizations and new funding in the current period:</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Consolidated</FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Parent Company</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>9/30/2015</FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>12/31/2014</FONT></B></P>
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     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>9/30/2015</FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>12/31/2014</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Opening balance</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>29,883,379 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>27,746,430 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>29,090,147 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>25,249,354 </FONT></B></P>
</TD></TR>
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     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="29%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Funding transactions</FONT></P>
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     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>975,122 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1,907,479 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>2,694,533 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>3,401,090 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="29%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Repayment</FONT></P>
</TD>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(2,386,814)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(1,288,046)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(1,485,668)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(1,338,772)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="29%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Charges - payments</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(2,466,731)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(2,401,241)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(2,074,153)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(2,084,300)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="29%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Charges - provision</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>2,230,160 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>2,524,849 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>2,237,501 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>2,309,311 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="29%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Buyback of debt securities</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(40,671)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(172,432)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>&nbsp;</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="29%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Other</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>6,112,491 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1,566,340 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>6,657,902 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1,553,464 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 13.5pt">
     <TD style="HEIGHT: 13.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="29%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Closing balance</FONT></B></P>
</TD>
     <TD style="HEIGHT: 13.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 13.5pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>34,306,936 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 13.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 13.5pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>29,883,379 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 13.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 13.5pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>37,120,262 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 13.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 13.5pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>29,090,147 </FONT></B></P>
</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif>(*) Includes foreign exchange and monetary variations.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0in"><FONT style="LINE-HEIGHT: 115%" face=symbol><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LAYOUT-GRID-MODE: line" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT><FONT style="LINE-HEIGHT: 115%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>Loans raised</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=PT-BR style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>In 2015, the Group contracted with Banco do Brasil the amount of R$975,122, which was basically a promissory note in the amount of R$ 100,000 amortized in September 2015 and an export prepayment in the amount of R$200,000, maturing in December 2017. Issued 20,000 debentures, in a single, unsecured and non-convertible series totaled R$200,000, maturing in March 2022 with early redemption option. Also, contracted with Caterpillar Financial Services an export prepayment agreement in the amount of R$468,938, maturing in March 2020.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0in"><FONT style="LINE-HEIGHT: 115%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><FONT lang=PT-BR style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face=Arial>PAGE 46 of 86</FONT></P>
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     <TD width="75%" colSpan=2><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE </FONT></B></TD>
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     <TD width="65%"><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>ITR &#8211;&#8211; </FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Quarterly</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> Financial </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Information</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> -</FONT><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>September</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> 30, 2015 &#8211; CIA SIDERURGICA NACIONAL</FONT></FONT></TD>
     <TD width="10%"><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face=Arial,sans-serif>Version:1</FONT></TD></TR></TABLE>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 8pt" face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0in"><FONT style="LINE-HEIGHT: 115%" face=symbol><FONT lang=PT-BR style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=symbol>&#183;</FONT><FONT lang=PT-BR style="FONT-SIZE: 7pt; LAYOUT-GRID-MODE: line" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT><FONT style="LINE-HEIGHT: 115%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>Amortization</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%; TEXT-INDENT: 0in"><STRONG><FONT face=Arial></FONT></STRONG>&nbsp;</P>
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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>In 2015, the Group amortized the amount of R$4,853,545 (principal and interest), being basically R$1,693,814 of Fixed Rate Notes, R$1,124,613 of export prepayment, R$1,013,539 of Debentures, R$103,620 of promissory notes with Banco do Brasil and R$778,637 of CCB.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%; TEXT-INDENT: 0in"><FONT style="LINE-HEIGHT: 116%" face=symbol><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LAYOUT-GRID-MODE: line" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT><FONT style="LINE-HEIGHT: 116%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>Guarantees provided</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>Guarantees provided for the borrowings comprise property, plant and equipment items and sureties and do not include guarantees provided for subsidiaries and jointly controlled entities. As of September 30, 2015, the amount of the borrowing is R$1,254 (R$2,256 as of December 31, 2014).</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>The Company&#8217;s borrowing and financing agreements with BNDES contain some covenants that are usual in agreements of this nature and the Company is compliant with them as of September 30, 2015.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in; LINE-HEIGHT: 116%; TEXT-INDENT: -0.25in"><FONT style="LINE-HEIGHT: 116%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif>12.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LAYOUT-GRID-MODE: both" face="times new roman">&nbsp;&nbsp; </FONT></B></FONT><FONT style="LINE-HEIGHT: 116%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif>FINANCIAL INSTRUMENTS </FONT></B></FONT></P>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>The information related to the accounting policies applied to financial instruments did not have significant changes in relation to that disclosed in the Company's financial statements as of December 31, 2014 and, accordingly, the Company decided not to repeat it fully in the condensed interim financial statements as of September 30, 2015.</FONT></FONT></P>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>I - Identification and measurement of financial instruments</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=arial,sans-serif>The Company enters into transactions involving various financial instruments, mainly cash and cash equivalents, including short-term investments, marketable securities, trade receivables, trade payables, and borrowings and financing. Additionally, it also carries out transactions involving derivative financial instruments, especially exchange and interest rate </FONT><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=arial,sans-serif>swap</FONT></I><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=arial,sans-serif>s.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0in 21.3pt; LINE-HEIGHT: 116%; TEXT-INDENT: -21.3pt"><FONT style="LINE-HEIGHT: 116%" face=symbol><FONT lang=EN-US style="FONT-SIZE: 9pt" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT><FONT style="LINE-HEIGHT: 116%" face=arial,sans-serif><B><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Classification of financial instruments </FONT></B></FONT></P>
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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>&nbsp;</FONT></FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%">&nbsp;</P>
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<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face=Arial>PAGE 47 of 86</FONT></P>
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     <TD width="75%" colSpan=2><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE </FONT></B></TD>
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     <TD width="65%"><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>ITR &#8211;&#8211; </FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Quarterly</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> Financial </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Information</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> -</FONT><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>September</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> 30, 2015 &#8211; CIA SIDERURGICA NACIONAL</FONT></FONT></TD>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Consolidated </FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt"><FONT face=arial,sans-serif>9/30/2015</FONT></FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt"><FONT face=arial,sans-serif>12/31/2014</FONT></FONT></B></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Notes</FONT></B></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Available-for-sale</FONT></B></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Fair value through profit or loss</FONT></B></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Loans and receivables - effective interest rate</FONT></B></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Other liabilities - amortized cost method </FONT></B></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Balances</FONT></B></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><B><FONT face=arial,sans-serif></FONT></B>&nbsp;</P>
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     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="5%" align=center>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%">
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><B><FONT face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
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     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
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     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
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     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
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     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
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     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="24%">
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8.05pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Current assets</FONT></B></P>
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     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%"><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="5%" align=center><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%"><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="24%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 16pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Cash and cash equivalents</FONT></P>
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     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt"><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="5%" noWrap align=center>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>3 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt"><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>7,599,362 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>7,599,362 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>8,686,021 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>8,686,021 </FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="24%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 16pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Short-term investments - margin deposit</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="5%" noWrap align=center>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>4 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>627,418 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>627,418 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="24%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 16pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Trade receivables, net</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt"><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="5%" noWrap align=center>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>5 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt"><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>2,302,398 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>2,302,398 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1,650,967 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1,650,967 </FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="24%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 16pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Derivative financial instruments</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="5%" noWrap align=center>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>7 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>8,765 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>8,765 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>174,611 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>174,611 </FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="24%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 16pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Trading securities</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="5%" noWrap align=center>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>7 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>10,763 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>10,763 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>13,798 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>13,798 </FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="24%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 16pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Loans - related parties</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="5%" noWrap align=center>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>7 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>144,053 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>144,053 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>517,493 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>517,493 </FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="24%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 16.05pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Total</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><B><FONT face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="5%" noWrap align=center>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><B><FONT color=#ff0000 face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><B><FONT face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>19,528 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>10,673,231 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>10,692,759 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>188,409 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>10,854,481 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>11,042,890 </FONT></B></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="24%" noWrap><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="5%" noWrap align=center><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="24%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8.05pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Non-current assets</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt"><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="5%" noWrap align=center>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT color=#ff0000 face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt"><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="24%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 16pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Other trade receivables </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="5%" noWrap align=center>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>7 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1,012 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1,012 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1,347 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1,347 </FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="24%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 16pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Investments</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt"><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="5%" noWrap align=center>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT color=#ff0000 face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt"><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>966,335 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT color=#000000 face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT color=#4f81bd face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT color=#4f81bd face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT color=#4f81bd face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT color=#4f81bd face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT color=#4f81bd face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT color=#4f81bd face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>966,335 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1,441,032 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1,441,032 </FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="24%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 16pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Short-term investments</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="5%" noWrap align=center><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>34,874 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>34,874 </FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="24%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 16pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Loans - related parties</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt"><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="5%" noWrap align=center>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>7 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt"><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT color=#000000 face=Calibri,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT color=#000000 face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT color=#4f81bd face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>198,921 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT color=#4f81bd face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT color=#4f81bd face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT color=#4f81bd face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>198,921 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>117,357 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>117,357 </FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="24%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 16.05pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Total</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="5%" noWrap align=center><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>966,335 </FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>199,933 </FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1,166,268 </FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1,441,032 </FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>153,578 </FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1,594,610 </FONT></B></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="24%" noWrap><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="5%" noWrap align=center><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="24%">
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Total assets</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="5%" noWrap align=center>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT color=#ff0000 face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>966,335 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>19,528 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>10,873,164 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>11,859,027 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1,441,032 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>188,409 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>11,008,059 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>12,637,500 </FONT></B></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="24%"><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="5%" noWrap align=center><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="24%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8.05pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Liabilities</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt"><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="5%" noWrap align=center>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><B><FONT color=#ff0000 face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt"><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="24%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 16.05pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Current liabilities</FONT></B></P>
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     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="5%" noWrap align=center><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="24%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 24pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Borrowings and financing</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt"><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="5%" noWrap align=center>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>11 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt"><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>963,243 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>963,243 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>2,813,930 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>2,813,930 </FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="24%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 24pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Derivative financial instruments</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="5%" noWrap align=center>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>13 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>79,197 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>79,197 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>65 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>65 </FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="24%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 24pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Trade payables </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%">
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt"><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="5%" noWrap align=center>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT color=#ff0000 face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%">
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt"><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1,723,865 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1,723,865 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1,638,505 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1,638,505 </FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="24%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 24pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Dividends and interest on capital</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%"><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="5%" noWrap align=center><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%"><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>2,264 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>2,264 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>277,097 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>277,097 </FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="24%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 16.05pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Total</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8.05pt"><B><FONT face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="5%" noWrap align=center>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><B><FONT color=#ff0000 face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8.05pt"><B><FONT face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>79,197 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>2,689,372 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>2,768,569 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>65 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>4,729,532 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>4,729,597 </FONT></B></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="24%" noWrap><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="5%" noWrap align=center><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="24%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 16.05pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Non-current liabilities</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt"><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="5%" noWrap align=center>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT color=#ff0000 face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt"><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="24%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 24pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Borrowings and financing </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="5%" noWrap align=center>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>11 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>33,453,692 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>33,453,692 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>27,164,265 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>27,164,265 </FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="24%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 24pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Derivative financial instruments</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="5%" noWrap align=center>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>13 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>21,301 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>21,301 </FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="24%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 16.05pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Total</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="5%" noWrap align=center><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>33,453,692 </FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>33,453,692 </FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>21,301 </FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>27,164,265 </FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>27,185,566 </FONT></B></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="24%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="5%" noWrap align=center>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT color=#ff0000 face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="24%">
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Total liabilities</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="5%" noWrap><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>79,197 </FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>36,143,064 </FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>36,222,261 </FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>21,366 </FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>31,893,797 </FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>31,915,163 </FONT></B></P>
</TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 10pt; LINE-HEIGHT: 115%">&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0in 21.3pt; LINE-HEIGHT: 116%; TEXT-INDENT: -21.3pt"><FONT style="LINE-HEIGHT: 116%" face=symbol><FONT lang=EN-US style="FONT-SIZE: 9pt" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT><FONT style="LINE-HEIGHT: 116%" face=arial,sans-serif><B><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Fair value measurement </FONT></B></FONT></P>
<P style="MARGIN: 0in 0in 0pt">&nbsp;</P>
</DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>The following table shows the financial instruments recognized at fair value through profit or loss classified according to their fair value hierarchy: :</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%">&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>
<TR style="HEIGHT: 14.1pt">
     <TD style="HEIGHT: 14.1pt; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom rowSpan=2 width="35%">
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Consolidated </FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 14.1pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="8%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 14.1pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="2%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 14.1pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="3%">&nbsp;</TD>
     <TD style="HEIGHT: 14.1pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="8%" align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>9/30/2015</FONT></B></P>
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     <TD style="HEIGHT: 14.1pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
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<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 14.1pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 14.1pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="2%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 14.1pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="2%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 14.1pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="8%" align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>12/31/2014</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="2%">&nbsp;</TD>
     <TD style="HEIGHT: 15pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="8%">
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Level 1</FONT></B></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="2%">&nbsp;</TD>
     <TD style="HEIGHT: 15pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="8%">
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Level 2</FONT></B></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="2%">&nbsp;</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="3%">&nbsp;</TD>
     <TD style="HEIGHT: 15pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="8%">
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Balances</FONT></B></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="2%">&nbsp;</TD>
     <TD style="HEIGHT: 15pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="8%">
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Level 1</FONT></B></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="2%">&nbsp;</TD>
     <TD style="HEIGHT: 15pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="8%">
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Level 2</FONT></B></P>
</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="2%">&nbsp;</TD>
     <TD style="HEIGHT: 15pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 15pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="8%">
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Balances</FONT></B></P>
</TD></TR>
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<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Assets</FONT></B></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="8%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="2%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="8%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="2%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="3%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="8%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="2%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="8%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="2%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="8%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="2%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="2%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="8%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="35%">
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8.05pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Current assets</FONT></B></P>
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     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="8%">&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="2%">&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="8%">&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="2%">&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="3%">&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="8%">&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="2%">&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="8%">&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="2%">&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="8%">&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="2%">&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="2%">&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="8%">&nbsp;</TD></TR>
<TR style="HEIGHT: 12.95pt">
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<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8.05pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Financial assets at fair value through profit or loss</FONT></B></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="2%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="3%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="8%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="2%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="8%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="2%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="8%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="2%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="2%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="8%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="35%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 16pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Derivative financial instruments</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="2%">&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="8%">&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="2%">&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>8,765 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="2%">&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="3%">&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>8,765 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="2%">&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="8%">&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="2%">&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="8%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>174,611 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="2%">&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="2%">&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>174,611 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="35%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 16pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Trading securities</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="2%">
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>10,763 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="2%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="2%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="3%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>10,763 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="2%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="8%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>13,798 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="2%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="8%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="2%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="2%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>13,798 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="35%">
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8.05pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Non-current assets</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="2%">&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="8%">&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="2%">&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="8%">&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="2%">&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="3%">&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="8%">&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="2%">&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="8%">&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="2%">&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="8%">&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="2%">&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="2%">&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="8%">&nbsp;</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="35%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8.05pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Available-for-sale financial assets</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="2%">
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="8%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="2%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="8%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="2%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="3%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="8%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="2%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="8%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="2%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="8%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="2%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="2%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="8%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="35%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 16pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Investments</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>966,335 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="8%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>966,335 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1,441,032 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="8%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1,441,032 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="35%">
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Total assets</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>977,098 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>8,765 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8.05pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>985,863 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1,454,830 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>174,611 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1,629,441 </FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="35%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="8%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="8%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="8%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="8%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="8%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="8%" noWrap>&nbsp;</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="35%">
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Liabilities</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="35%">
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8.05pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Current liabilities</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="8%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="8%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="8%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="8%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="8%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="8%" noWrap>&nbsp;</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="35%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8.05pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Financial liabilities at fair value through profit or loss</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="8%" noWrap>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="35%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 16pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Derivative financial instruments</FONT></P>
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     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="8%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>79,197 </FONT></P>
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     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>79,197 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="8%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>65 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>65 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="35%">
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8.05pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Non-current liabilities</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="3%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="35%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8.05pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Financial liabilities at fair value through profit or loss</FONT></B></P>
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     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="8%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="8%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="3%">&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="8%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="8%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="8%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="8%" noWrap>&nbsp;</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="35%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 16pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Derivative financial instruments</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>21,301 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>21,301 </FONT></P>
</TD></TR>
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     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="35%">
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Total liabilities</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>79,197 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>79,197 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>21,366 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" vAlign=bottom width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>21,366 </FONT></B></P>
</TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 10pt; LINE-HEIGHT: 115%">&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%" color=black face=arial,sans-serif><B><FONT lang=EN-US style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Level 1 </FONT></B></FONT><FONT style="LINE-HEIGHT: 116%" color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>- The data are quoted prices in active markets for identical items of the assets or liabilities being measured.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%" color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%" color=black face=arial,sans-serif><B><FONT lang=EN-US style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Level 2 - </FONT></B></FONT><FONT style="LINE-HEIGHT: 116%" color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>Includes observable inputs in market such as interest rates, exchange etc., but not prices traded in active markets.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%" color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face=Arial>PAGE 48 of 86</FONT></P>
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     <TD width="75%" colSpan=2><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE </FONT></B></TD>
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<IMG src="x15111317003600.jpg" width=118 height=54>
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     <TD width="65%"><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>ITR &#8211;&#8211; </FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Quarterly</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> Financial </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Information</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> -</FONT><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>September</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> 30, 2015 &#8211; CIA SIDERURGICA NACIONAL</FONT></FONT></TD>
     <TD width="10%"><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face=Arial,sans-serif>Version:1</FONT></TD></TR></TABLE>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 8pt" face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%" color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>There are no assets or liabilities classified as Level 3.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%" color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%" color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" color=black face=arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%" color=black face=arial,sans-serif><B><FONT lang=EN-US style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>II &#8211; Investments in financial instruments classified as available for sale and measured at fair value through OCI</FONT></B><EM> &nbsp;</EM></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif>Consist mainly of investments in shares acquired in Brazil involving companies considered as top ranked by the Company, which are recognized in non-current assets, and any gains or losses are recognized in shareholders' equity, where they will remain until actual realization of the securities or when any loss is considered unrecoverable.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%" face=arial,sans-serif><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>&nbsp;Impairment of financial assets classified as available for sale</FONT></I></B><EM><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></I></B></EM></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>The Company has investments in common (USIM3) and preferred (USIM5) shares (&#8220;Usiminas Shares&#8221;), designated as available-for-sale financial assets as they do not meet the criteria to be classified within any of the other categories of financial instruments (loans and receivables, held-to-maturity investments or financial assets at fair value through profit or loss). The asset is classified as a non-current asset under line item &#8220;investments&#8221; and is carried at fair value based on the quoted price on the stock exchange (BM&amp;FBOVESPA).</FONT></FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"> </FONT><FONT style="LINE-HEIGHT: 116%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>According to Company&#180;s policy, the gains and losses arising from changes in the price of shares are recorded directly in equity under other comprehensive income.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Considering the volatility of the quotations of Usiminas shares, the Company evaluated whether, at the end of the reporting period, there was objective evidence of impairment of these financial assets, i.e., the Company&#8217;s management evaluated if the decline in the market value of Usiminas shares should be considered either significant or prolonged. In turn, this valuation requires judgment based on CSN&#8217;s policy, prepared according to practices used in the domestic and international markets, and consists of an instrument by instrument analysis based on quantitative and qualitative information available in the market, from the time an instrument shows a drop of 20% or more in its market value or from the time there is a significant drop in its market value as compared to its acquisition price during more than twelve months. If a decline in the market value of the instrument is considered prolonged, the corresponding part previously recorded in other comprehensive income must be registered as impairment loss in the income statement. </FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT face=Arial></FONT>&nbsp;</P>
</DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>As of March 31, 2015 and June 30, 2015, after a decline in the quoted prices of the common shares (USIM5) the Company reclassified the accumulated losses recognized in other comprehensive income, amounting to R$5,555 and R$59,027, net of income tax and social contribution, to profit (loss) for the period, recognizing R$8,417 and R$89,434 in other operating expenses and R$2,862 and R$30,407 in deferred taxes, respectively.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>As of September 30, 2015, after a new decline in the quoted prices of the common shares (USIM5) as compared with the quoted prices as of June 30, 2015, the Company reclassified the accumulated losses for the quarter recognized in other comprehensive income, amounting to R$81,016 to profit (loss) for the period, in other operating expenses. Deferred taxes amounting to R$ 27,545 have not been made as detailed in Note 14b.</FONT></FONT></P>
<P style="VERTICAL-ALIGN: top; TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%" color=#222222 face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" color=#222222 face=arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="VERTICAL-ALIGN: top; TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%" color=#222222 face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" color=#222222 face=arial,sans-serif>The Company&#8217;s interest in Usiminas has not changed as compared with the percentage disclosed in the financial statements as of December 31, 2014.</FONT></FONT></P>
<P style="VERTICAL-ALIGN: top; TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%" color=#222222 face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" color=#222222 face=arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0in 14.2pt; LINE-HEIGHT: 115%; TEXT-INDENT: -14.2pt"><FONT style="LINE-HEIGHT: 115%" face=symbol><FONT lang=EN-US style="FONT-SIZE: 9pt" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><B><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Share Market risks</FONT></B></FONT></P>
<P style="VERTICAL-ALIGN: top; TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%" color=#777777 face=arial,sans-serif><FONT lang=PT-BR style="FONT-SIZE: 9pt" color=#777777 face=arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>The Company is exposed to the risk of changes in share prices due to the investments made and classified as available-for-sale. </FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>According to the Company&#8217;s accounting policies, any negative changes in the investment in Usiminas considered significant (impairment) are recognized in profit or loss, and positive changes are recognized in comprehensive income until the investment is realized.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=arial,sans-serif>As of September 30, 2015, the amount recognized in comprehensive income for investments available for sale, net of taxes is R$(45,706).</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face=Arial>PAGE 49 of 86</FONT></P>
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     <TD width="75%" colSpan=2><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE </FONT></B></TD>
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     <TD width="10%"></TD></TR>
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     <TD width="65%"><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>ITR &#8211;&#8211; </FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Quarterly</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> Financial </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Information</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> -</FONT><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>September</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> 30, 2015 &#8211; CIA SIDERURGICA NACIONAL</FONT></FONT></TD>
     <TD width="10%"><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face=Arial,sans-serif>Version:1</FONT></TD></TR></TABLE>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 8pt" face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>III -&nbsp;&nbsp; Financial Risk Management:</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=arial,sans-serif>As of September 30, 2015, there were no changes in the financial risk management policies in relation to those disclosed in the Company's financial statements for the year ended December 31, 2014.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>12.a) Foreign exchange and interest rate risks </FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 21.3pt; LINE-HEIGHT: 116%; TEXT-INDENT: -21.3pt"><FONT style="LINE-HEIGHT: 116%" face=symbol><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LAYOUT-GRID-MODE: both" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT><FONT style="LINE-HEIGHT: 116%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif>Exchange rate risk</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 21.3pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif>The exposure arises from the existence of assets and liabilities generated in US dollars or Euro and is denominated natural currency exposure. Net exposure is the result of offsetting the natural currency exposure by hedging instruments adopted by CSN.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 19.85pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif>The consolidated net exposure as of September 30, 2015 is as follows:</FONT></FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 8pt" face="Times New Roman"></FONT>&nbsp;</P>
<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>
<TR style="HEIGHT: 15.75pt">
     <TD style="HEIGHT: 15.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="51%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 12pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 15.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="4%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 15.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="22%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 15.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="4%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 15.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 24pt">
     <TD style="HEIGHT: 24pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="51%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Foreign Exchange Exposure</FONT></B></P>
</TD>
     <TD style="HEIGHT: 24pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="4%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 24pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="22%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(Amounts in US$'000)</FONT></B></P>
</TD>
     <TD style="HEIGHT: 24pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="4%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 24pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(Amounts in &#8364;'000)</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="51%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Cash and cash equivalents overseas</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="4%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="22%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1,177,259 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="4%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>4,728 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="51%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Trade receivables </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="4%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="22%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>194,725 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="4%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>8,762 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="51%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Other assets</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="4%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="22%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>53 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="4%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>12,922 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="51%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Total assets</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="4%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="22%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1,372,037 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="4%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>26,412 </FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="51%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Borrowings and financing</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="4%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="22%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(4,575,544)</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="4%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(120,801)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="51%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Trade payables</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="4%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="22%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(109,802)</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="4%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(5,335)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="51%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Other liabilities</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="4%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="22%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(16,133)</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="4%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(14,922)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="51%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Total liabilities</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="4%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="22%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(4,701,479)</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="4%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(141,058)</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="51%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Foreign exchange exposure</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="4%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="22%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(3,329,442)</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="4%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(114,646)</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="51%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Notional amount of derivatives contracted. net</FONT></P>
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     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="4%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="22%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1,285,000 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="4%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%" noWrap>&nbsp;</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="51%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Cash flow hedge accounting</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="4%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="22%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1,566,000 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="4%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="51%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="4%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="22%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="4%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>120,000 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="51%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Net foreign exchange exposure</FONT></B></P>
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     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="4%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="22%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(478,442)</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="4%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>5,354 </FONT></B></P>
</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 21.3pt; LINE-HEIGHT: 116%; TEXT-INDENT: -21.3pt"><FONT style="LINE-HEIGHT: 116%" face=symbol><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LAYOUT-GRID-MODE: both" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT><FONT style="LINE-HEIGHT: 116%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif>&nbsp;Interest rate risk</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 21.3pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif>Risk arises from short and long term liabilities with fixed or post fixed interest rates and inflation rates. </FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Item 12 b) shows the derivatives and hedging strategies to protect exchange and interest rates risks.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><B><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><B><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>12.b) Hedging instruments: derivatives and hedge accounting: :</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif>CSN uses several instruments for protection of foreign currency risk and interest rate risk, as shown in the following topics:</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in; LINE-HEIGHT: 115%; TEXT-INDENT: -0.25in"><FONT style="LINE-HEIGHT: 115%" face=symbol><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LAYOUT-GRID-MODE: both" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif>Portfolio of derivative financial instruments</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
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     <TD width="75%" colSpan=2><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE </FONT></B></TD>
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     <TD width="65%"><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>ITR &#8211;&#8211; </FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Quarterly</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> Financial </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Information</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> -</FONT><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>September</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> 30, 2015 &#8211; CIA SIDERURGICA NACIONAL</FONT></FONT></TD>
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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">31/12/2014</FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">30/09/2015</FONT></B></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Appreciation (R$)</FONT></B></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Fair value (market)</FONT></B></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Appreciation (R$)</FONT></B></P>
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     <TD style="BORDER-TOP: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Fair value (market)</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" rowSpan=2 width="6%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Impact on finance income (cost) in 2015</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 45pt">
     <TD style="HEIGHT: 45pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Counterparties</FONT></B></P>
</TD>
     <TD style="HEIGHT: 45pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 45pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="10%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Maturity</FONT></B></P>
</TD>
     <TD style="HEIGHT: 45pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 45pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Functional currency </FONT></B></P>
</TD>
     <TD style="HEIGHT: 45pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 45pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Notional amount </FONT></B></P>
</TD>
     <TD style="HEIGHT: 45pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 45pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Asset position </FONT></B></P>
</TD>
     <TD style="HEIGHT: 45pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 45pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Liability position</FONT></B></P>
</TD>
     <TD style="HEIGHT: 45pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 45pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Amounts receivable/ (payable)</FONT></B></P>
</TD>
     <TD style="HEIGHT: 45pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 45pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Notional amount </FONT></B></P>
</TD>
     <TD style="HEIGHT: 45pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 45pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Asset position </FONT></B></P>
</TD>
     <TD style="HEIGHT: 45pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 45pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Liability position</FONT></B></P>
</TD>
     <TD style="HEIGHT: 45pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 45pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Amounts receivable/ (payable)</FONT></B></P>
</TD>
     <TD style="HEIGHT: 45pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><I><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Santander</FONT></I></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="10%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Dollar</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">10,000 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">30,414 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(25,068)</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">5,346 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(18)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="20%" colSpan=3 noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><I><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Total dollar x CDI swap</FONT></I></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT lang=EN-US>&nbsp;&nbsp;&nbsp; </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT lang=EN-US></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT lang=EN-US></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT lang=EN-US></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial.sans-serif></FONT></B><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">10,000 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">30,414 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(25,068)</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">5,346 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(18)</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="10%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><I><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Ita&#250; BBA</FONT></I></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="10%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">10/06/15</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Dollar</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">10,000 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">39,868 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(38,129)</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">1,739 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">340,000 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">900,795 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(845,425)</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">55,370 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">218,545 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><I><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">HSBC</FONT></I></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="10%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Dollar</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">568,000 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">1,502,936 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(1,430,394)</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">72,542 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">279,400 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><I><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">HSBC</FONT></I></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="10%"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Dollar</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">10,000 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">26,416 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(26,481)</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(65)</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">65 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><I><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Deutsche Bank</FONT></I></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="10%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Dollar</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">140,000 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">370,134 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(361,327)</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">8,807 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">156,387 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><I><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Goldman Sachs</FONT></I></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="10%"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Dollar</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">130,000 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">344,207 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(329,258)</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">14,949 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">119,669 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><I><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Santander</FONT></I></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="10%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Dollar</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">30,000 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">79,224 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(77,576)</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">1,648 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">12,445 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="20%" colSpan=3 noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><I><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Total dollar x real swap (NDF)</FONT></I></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial.sans-serif></FONT></B><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">10,000 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">39,868 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(38,129)</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">1,739 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">1,218,000 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">3,223,712 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(3,070,461)</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">153,251 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">786,511 </FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="10%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Bmf</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="10%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">11/03/15</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Dollar</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">1,275,000 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">2,422 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(55,341)</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(52,919)</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">177,788 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="20%" colSpan=3 noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><I><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Total forward dollar</FONT></I></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">1,275,000 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">2,422 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(55,341)</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(52,919)</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">177,788 </FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="10%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><I><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">HSBC</FONT></I></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="10%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Euro</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">30,000 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">98,688 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(96,444)</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">2,244 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">33,783 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><I><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Ita&#250; BBA</FONT></I></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="10%"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Euro</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">60,000 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">197,366 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(192,888)</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">4,478 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">5,885 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="20%" colSpan=3 noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><I><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Total dollar x euro swap (NDF)</FONT></I></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT lang=EN-US></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT lang=EN-US></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT lang=EN-US></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT lang=EN-US></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT lang=EN-US></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT lang=EN-US></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT lang=EN-US></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT lang=EN-US></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT lang=EN-US></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT lang=EN-US></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT lang=EN-US></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial.sans-serif></FONT></B><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">90,000 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">296,054 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(289,332)</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">6,722 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">39,668 </FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="10%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><I><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">BBVA</FONT></I></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="10%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">10/30/2015 to 1/12/2016</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Dollar</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">17,600 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">69,673 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(70,078)</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(405)</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(405)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><I><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Banco Novo</FONT></I></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="10%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">10/1/2015 to 11/30/2015</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Dollar</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">25,375 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">100,451 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(101,790)</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(1,339)</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">18,009 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">47,866 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(46,481)</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">1,385 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(2,724)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><I><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">BNPP</FONT></I></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="10%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">11/3/2015 to 3/07/2016</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Dollar</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">56,696 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">224,440 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(216,872)</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">7,568 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">31,516 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">83,768 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(80,215)</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">3,553 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">4,015 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><I><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">DB</FONT></I></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="10%"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Dollar</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">30,604 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">81,343 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(77,054)</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">4,289 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(7,325)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="20%" colSpan=3 noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><I><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Total dollar-to-euro swap</FONT></I></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT lang=EN-US></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT lang=EN-US></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT lang=EN-US></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial.sans-serif></FONT></B><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">99,671 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">394,564 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(388,740)</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">5,824 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">80,129 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">212,977 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(203,750)</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">9,227 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(6,439)</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="10%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><I><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Ita&#250; BBA</FONT></I></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="10%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">03/1/2016</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Real</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">150,000 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">183,178 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(194,155)</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(10,977)</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">150,000 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">168,496 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(177,265)</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(8,769)</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(2,208)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><I><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">HSBC</FONT></I></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="10%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">02/05/16 to 03/01/16</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Real</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">185,000 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">225,106 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(239,653)</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(14,547)</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">185,000 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">206,843 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(218,768)</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(11,925)</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(2,622)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><I><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Deutsche Bank</FONT></I></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="10%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">03/1/2016</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Real</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">10,000 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">12,143 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(12,897)</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(754)</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">10,000 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">11,167 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(11,774)</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(607)</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(147)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="22%" colSpan=4 noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><I><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Total Fixed rate-to-CDI interest rate swap</FONT></I></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial.sans-serif></FONT></B><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">345,000 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">420,427 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(446,705)</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(26,278)</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">345,000 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">386,506 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(407,807)</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(21,301)</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(4,977)</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><I></I></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="10%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><I><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Ita&#250; BBA</FONT></I></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="10%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">03/1/2016</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Real</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">30,000 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">32,327 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(32,097)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">230 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">230 </FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><I><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">HSBC</FONT></I></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="10%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">02/05/16 to 03/01/16</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Real</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">120,000 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">129,235 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(128,263)</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">972 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">972 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="20%" colSpan=3>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><I><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Total interest rate- to-CDI swap</FONT></I></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial.sans-serif></FONT></B><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">150,000 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">161,562 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(160,360)</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">1,202 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">1,202 </FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><I></I>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="10%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="28%" colSpan=5 noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">1,018,843 </FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(1,089,275)</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(70,432)</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">4,149,663 </FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(3,996,418)</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">153,245 </FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">993,735 </FONT></B></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="10%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="10%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>&nbsp;</TD>
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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif>Forward dollar contracts</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif>As part of the hedging strategy of natural exposure to dollar, CSN contracts foreign exchange derivative instruments. As of September 30, 2015 the Company held in its&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; portfolio forward dollar contracts traded at BM&amp;F Bovespa which totaled the notional amount of US$ 1.275 billion.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif>These contracts consist in negotiating the exchange rate of Reais to US dollar, for prompt delivery, contracted under Resolution 1.690/90 of the National Monetary Council (CMN) in standard contracts established by BM&amp;F Bovespa. CSN determines the required volume of currency to be purchased in accordance with its foreign exchange management strategy and negotiates a sufficient volume of contracts to achieve this financial volume.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif>The maturity of the portfolio always occurs on the first business day of the contract&#180;s maturity month, being renewable every 30 days, in average. The contract settlement is exclusively financial, on the due date and occurs daily until the maturity. The position held by the Company is set at the end of each session based on the difference of the day's settlement price (D0) compared to the previous day price (D-1), and is settled on the following day (D+1), according to the rules of BM&amp;F.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif>For as much as the Company maintains contracts traded on the BM&amp;F Bovespa, it is required by the clearing house a guarantee margin to cover those commitments in these contracts, which is only a percentage of the contract&#180;s total amount. CSN maintains securities linked to this guarantee margin, consisting mainly of government bonds, which will be redeemed after the end position. The amounts &#8203;&#8203;of these investments are described in Note 4.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif>The contracts on the BM&amp;F Bovespa have been carried out to replace the foreign exchange swap contracts (NDF - Non Deliverable Forward) traded in over the counter markets.</FONT></FONT></P>
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<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face=Arial>PAGE 51 of 86</FONT></P>
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     <TD width="75%" colSpan=2><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE </FONT></B></TD>
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     <TD width="65%"><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>ITR &#8211;&#8211; </FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Quarterly</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> Financial </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Information</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> -</FONT><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>September</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> 30, 2015 &#8211; CIA SIDERURGICA NACIONAL</FONT></FONT></TD>
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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><B><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Fixed rate-to-CDI swap</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>The purpose of this transaction is to peg obligations subject to a post-fixed rate (CDI) to a fixed rate. Basically, the Company contracted swaps for its obligations indexed to CDI, in which it receives interest on the notional amount (long position) and pays a pre-fixed rate on the notional amount of the contract date (short position). The gains and losses on this contract are directly related to CDI fluctuations. In general, these are transactions conducted in the Brazilian over-the-counter market that have as counterparty a prime financial institution.</FONT></FONT></P>
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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><B><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Dollar x Euro swap</FONT></B></FONT></P>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>The subsidiary Lusosider has derivative transactions to protect its dollar exposure versus euro.</FONT></FONT></P>
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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0in 0.25in; LINE-HEIGHT: 116%; TEXT-INDENT: -0.25in"><FONT style="LINE-HEIGHT: 116%" face=symbol><FONT lang=EN-US style="FONT-SIZE: 9pt" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT><FONT style="LINE-HEIGHT: 116%" face=arial,sans-serif><B><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Classification of the derivatives in the balance sheet and statement of income</FONT></B></FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>09/30/2015</FONT></B></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Finance income (expenses), net (Note 23)</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Dollar - to-CDI swap</FONT></I></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(18)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 14.25pt">
     <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%">
<P style="MARGIN: 0in 0in 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Dollar- to- real swap (NDF)</FONT></I></P>
</TD>
     <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>1,739 </FONT></P>
</TD>
     <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>1,739 </FONT></P>
</TD>
     <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></P>
</TD>
     <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>786,511 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 14.25pt">
     <TD style="HEIGHT: 14.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%">
<P style="MARGIN: 0in 0in 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Forward dollar</FONT></I></P>
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     <TD style="HEIGHT: 14.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%">
<P style="MARGIN: 0in 0in 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></I>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 14.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><I><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></I>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 14.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><I><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></I>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 14.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><I><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></I>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 14.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><I><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></I>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 14.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><I><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></I>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 14.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><I><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></I>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 14.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>52,919 </FONT></P>
</TD>
     <TD style="HEIGHT: 14.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><I><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></I>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 14.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><I><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></I>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 14.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><I><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></I>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 14.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>52,919 </FONT></P>
</TD>
     <TD style="HEIGHT: 14.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><I><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></I>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 14.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>177,788 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 14.25pt">
     <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%">
<P style="MARGIN: 0in 0in 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Dollar- to- euro swap (NDF)</FONT></I></P>
</TD>
     <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></P>
</TD>
     <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>39,668 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%">
<P style="MARGIN: 0in 0in 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Dollar - to- euro swap</FONT></I></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>5,824 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>5,824 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(6,439)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%">
<P style="MARGIN: 0in 0in 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Fixed rate- to- CDI swap </FONT></I></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>26,278 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>26,278 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(4,977)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%">
<P style="MARGIN: 0in 0in 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>CDI -to- fixed rate swap </FONT></I></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>1,202 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>1,202 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1,202 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>8,765 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>8,765 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>79,197 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>79,197 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>993,735 </FONT></B></P>
</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%" noWrap>&nbsp;</TD>
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     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>12/31/2014</FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>09/30/2014</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=2 width="17%">
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Instruments</FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="32%" colSpan=5>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Assets</FONT></B></P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%">
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="32%" colSpan=5>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Liabilities</FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%">&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=2 width="10%">
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Finance income (expenses), net (Note 23)</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Current</FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%">&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Non-current</FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%">&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Total</FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%">&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Current</FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%">&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Non-current</FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%">&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%">
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Total</FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%">&nbsp;</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%">
<P style="MARGIN: 0in 0in 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Dollar- to- CDI swap </FONT></I></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>5,346 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>5,346 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(16,607)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%">
<P style="MARGIN: 0in 0in 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Dollar-to- real swap (NDF)</FONT></I></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>153,316 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>153,316 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>65 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>65 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>34,602 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%">
<P style="MARGIN: 0in 0in 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Dollar -to-euro swap(NDF)</FONT></I></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>6,722 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>6,722 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>23,570 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%">
<P style="MARGIN: 0in 0in 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Dollar -to- euro -swap</FONT></I></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>9,227 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>9,227 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>7,225 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%">
<P style="MARGIN: 0in 0in 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Libor -to - CDI swap</FONT></I></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(943)</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Fixed rate-to- CDI swap </FONT></I></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>21,301 </FONT></P>
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     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>21,301 </FONT></P>
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     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(452)</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>174,611 </FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>174,611 </FONT></B></P>
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     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>65 </FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
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     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>21,301 </FONT></B></P>
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     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>21,366 </FONT></B></P>
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     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
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     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>47,395 </FONT></B></P>
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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0in 14.2pt; LINE-HEIGHT: 116%; TEXT-INDENT: -14.2pt"><FONT style="LINE-HEIGHT: 116%" face=symbol><FONT lang=EN-US style="FONT-SIZE: 9pt" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT><FONT style="LINE-HEIGHT: 116%" face=arial,sans-serif><B><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Hedge accounting &#8211; cash flow</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><B><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>In addition to the hedging strategy of protecting natural exposure to dollar, beginning November 1, 2014, the Company formally designated cash flow hedging relationships to protect highly probable future cash flows against US dollar fluctuations.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>In order to better reflect the accounting impacts of this foreign exchange hedging strategy on its profit, CSN designated part of its US dollar-denominated liabilities as a hedging instrument of its future exports. As a result, foreign exchange differences arising on translating the designated liabilities have been temporarily recognized in shareholders&#8217; equity and allocated to profit or loss when such exports are carried out, which will allow recognizing the US dollar impact on liabilities and exports concurrently.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face=Arial>PAGE 52 of 86</FONT></P>
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     <TD width="75%" colSpan=2><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE </FONT></B></TD>
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     <TD width="65%"><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>ITR &#8211;&#8211; </FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Quarterly</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> Financial </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Information</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> -</FONT><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>September</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> 30, 2015 &#8211; CIA SIDERURGICA NACIONAL</FONT></FONT></TD>
     <TD width="10%"><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face=Arial,sans-serif>Version:1</FONT></TD></TR></TABLE>
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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif><FONT style="LINE-HEIGHT: 116%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>The table below shows a summary of the hedging relationships as of September 30, 2015:</FONT></FONT></FONT></FONT></P>
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     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>9/30/2015</FONT></B></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Designation Date</FONT></B></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P>
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     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 33.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Hedging Instrument</FONT></B></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 33.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="18%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Hedged item</FONT></B></P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Type of hedged risk</FONT></B></P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P>
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     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 33.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Hedged period</FONT></B></P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Exchange rate on designation</FONT></B></P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Designated amounts (US$&#8217;000)</FONT></B></P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Impact on shareholders&#8217; equity</FONT></B></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>03/11/2014</FONT></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 33.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Export prepayments in US$ to third parties</FONT></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Part of the highly probable future monthly iron ore exports</FONT></P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 33.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Foreign exchange - R$ vs. US$ spot rate</FONT></P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 33.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>October 2016- September 2019 </FONT></P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 33.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>2<FONT style="FONT-SIZE: 8pt" face=Arial>.</FONT>4442</FONT></P>
</TD>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 33.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>500<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>000 </FONT></P>
</TD>
     <TD style="HEIGHT: 33.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 33.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>(764<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>350)</FONT></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>01/12/2014</FONT></P>
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     <TD style="HEIGHT: 33.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Export prepayments in US$ to third parties</FONT></P>
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     <TD style="HEIGHT: 33.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 33.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="18%">
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Part of the highly probable future monthly iron ore exports</FONT></P>
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     <TD style="HEIGHT: 33.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 33.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Foreign exchange - R$ vs. US$ spot rate</FONT></P>
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     <TD style="HEIGHT: 33.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>October 2015-February 2019 </FONT></P>
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     <TD style="HEIGHT: 33.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 33.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>2<FONT style="FONT-SIZE: 8pt" face=Arial>.</FONT>5601</FONT></P>
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     <TD style="HEIGHT: 33.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 33.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>175<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>000 </FONT></P>
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     <TD style="HEIGHT: 33.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 33.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>(247<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>240)</FONT></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>12/18/2014</FONT></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 33.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Export prepayments in US$ to third parties</FONT></P>
</TD>
     <TD style="HEIGHT: 33.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 33.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="18%">
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Part of the highly probable future monthly iron ore exports</FONT></P>
</TD>
     <TD style="HEIGHT: 33.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 33.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Foreign exchange - R$ vs. US$ spot rate</FONT></P>
</TD>
     <TD style="HEIGHT: 33.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 33.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>May 2020 </FONT></P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 33.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>2<FONT style="FONT-SIZE: 8pt" face=Arial>.</FONT>6781</FONT></P>
</TD>
     <TD style="HEIGHT: 33.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 33.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>100<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>000 </FONT></P>
</TD>
     <TD style="HEIGHT: 33.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 33.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>(129<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>485)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 33.75pt">
     <TD style="HEIGHT: 33.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>7/21/2015</FONT></P>
</TD>
     <TD style="HEIGHT: 33.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 33.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Export prepayments in US$ to third parties</FONT></P>
</TD>
     <TD style="HEIGHT: 33.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 33.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="18%">
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Part of the highly probable future monthly iron ore exports</FONT></P>
</TD>
     <TD style="HEIGHT: 33.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 33.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Foreign exchange - R$ vs. US$ spot rate</FONT></P>
</TD>
     <TD style="HEIGHT: 33.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 33.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>March 2021 </FONT></P>
</TD>
     <TD style="HEIGHT: 33.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 33.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>3<FONT style="FONT-SIZE: 8pt" face=Arial>.</FONT>1813</FONT></P>
</TD>
     <TD style="HEIGHT: 33.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 33.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>60<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>000 </FONT></P>
</TD>
     <TD style="HEIGHT: 33.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 33.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>(47<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>496)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 33.75pt">
     <TD style="HEIGHT: 33.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>7/23/2015</FONT></P>
</TD>
     <TD style="HEIGHT: 33.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 33.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Export prepayments in US$ to third parties</FONT></P>
</TD>
     <TD style="HEIGHT: 33.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 33.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="18%">
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Part of the highly probable future monthly iron ore exports</FONT></P>
</TD>
     <TD style="HEIGHT: 33.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 33.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Foreign exchange - R$ vs. US$ spot rate</FONT></P>
</TD>
     <TD style="HEIGHT: 33.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 33.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>March 2021 </FONT></P>
</TD>
     <TD style="HEIGHT: 33.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 33.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>3<FONT style="FONT-SIZE: 8pt" face=Arial>.</FONT>2850</FONT></P>
</TD>
     <TD style="HEIGHT: 33.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 33.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>100<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>000 </FONT></P>
</TD>
     <TD style="HEIGHT: 33.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 33.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>(68<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>790)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 33.75pt">
     <TD style="HEIGHT: 33.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>7/23/2015</FONT></P>
</TD>
     <TD style="HEIGHT: 33.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 33.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Export prepayments in US$ to third parties</FONT></P>
</TD>
     <TD style="HEIGHT: 33.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 33.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="18%">
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Part of the highly probable future monthly iron ore exports</FONT></P>
</TD>
     <TD style="HEIGHT: 33.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 33.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Foreign exchange - R$ vs. US$ spot rate</FONT></P>
</TD>
     <TD style="HEIGHT: 33.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 33.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>October 2022 </FONT></P>
</TD>
     <TD style="HEIGHT: 33.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 33.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>3<FONT style="FONT-SIZE: 8pt" face=Arial>.</FONT>285</FONT></P>
</TD>
     <TD style="HEIGHT: 33.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 33.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>30<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>000 </FONT></P>
</TD>
     <TD style="HEIGHT: 33.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 33.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>(20<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>637)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 33.75pt">
     <TD style="HEIGHT: 33.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>7/24/2015</FONT></P>
</TD>
     <TD style="HEIGHT: 33.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 33.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Export prepayments in US$ to third parties</FONT></P>
</TD>
     <TD style="HEIGHT: 33.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 33.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="18%">
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Part of the highly probable future monthly iron ore exports</FONT></P>
</TD>
     <TD style="HEIGHT: 33.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 33.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Foreign exchange - R$ vs. US$ spot rate</FONT></P>
</TD>
     <TD style="HEIGHT: 33.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 33.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>October 2022 </FONT></P>
</TD>
     <TD style="HEIGHT: 33.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 33.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>3<FONT style="FONT-SIZE: 8pt" face=Arial>.</FONT>3254</FONT></P>
</TD>
     <TD style="HEIGHT: 33.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 33.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>100<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>000 </FONT></P>
</TD>
     <TD style="HEIGHT: 33.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 33.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>(64<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>750)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 33.75pt">
     <TD style="HEIGHT: 33.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>7/27/2015</FONT></P>
</TD>
     <TD style="HEIGHT: 33.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 33.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Export prepayments in US$ to third parties</FONT></P>
</TD>
     <TD style="HEIGHT: 33.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 33.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="18%">
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Part of the highly probable future monthly iron ore exports</FONT></P>
</TD>
     <TD style="HEIGHT: 33.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 33.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Foreign exchange - R$ vs. US$ spot rate</FONT></P>
</TD>
     <TD style="HEIGHT: 33.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 33.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>October 2022 </FONT></P>
</TD>
     <TD style="HEIGHT: 33.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 33.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>3<FONT style="FONT-SIZE: 8pt" face=Arial>.</FONT>3557</FONT></P>
</TD>
     <TD style="HEIGHT: 33.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 33.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>25<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>000 </FONT></P>
</TD>
     <TD style="HEIGHT: 33.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 33.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>(15<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>430)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 33.75pt">
     <TD style="HEIGHT: 33.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>7/27/2015</FONT></P>
</TD>
     <TD style="HEIGHT: 33.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 33.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Export prepayments in US$ to third parties</FONT></P>
</TD>
     <TD style="HEIGHT: 33.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 33.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="18%">
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Part of the highly probable future monthly iron ore exports</FONT></P>
</TD>
     <TD style="HEIGHT: 33.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 33.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Foreign exchange - R$ vs. US$ spot rate</FONT></P>
</TD>
     <TD style="HEIGHT: 33.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 33.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>October 2022 </FONT></P>
</TD>
     <TD style="HEIGHT: 33.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 33.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>3<FONT style="FONT-SIZE: 8pt" face=Arial>.</FONT>3557</FONT></P>
</TD>
     <TD style="HEIGHT: 33.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 33.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>70<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>000 </FONT></P>
</TD>
     <TD style="HEIGHT: 33.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 33.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>(43<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>204)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 33.75pt">
     <TD style="HEIGHT: 33.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>7/27/2015</FONT></P>
</TD>
     <TD style="HEIGHT: 33.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 33.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Export prepayments in US$ to third parties</FONT></P>
</TD>
     <TD style="HEIGHT: 33.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 33.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="18%">
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Part of the highly probable future monthly iron ore exports</FONT></P>
</TD>
     <TD style="HEIGHT: 33.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 33.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Foreign exchange - R$ vs. US$ spot rate</FONT></P>
</TD>
     <TD style="HEIGHT: 33.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 33.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>October 2022 </FONT></P>
</TD>
     <TD style="HEIGHT: 33.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 33.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>3<FONT style="FONT-SIZE: 8pt" face=Arial>.</FONT>3557</FONT></P>
</TD>
     <TD style="HEIGHT: 33.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 33.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>30<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>000 </FONT></P>
</TD>
     <TD style="HEIGHT: 33.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 33.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>(18<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>516)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 33.75pt">
     <TD style="HEIGHT: 33.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>7/28/2015</FONT></P>
</TD>
     <TD style="HEIGHT: 33.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 33.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Export prepayments in US$ to third parties</FONT></P>
</TD>
     <TD style="HEIGHT: 33.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 33.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="18%">
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Part of the highly probable future monthly iron ore exports</FONT></P>
</TD>
     <TD style="HEIGHT: 33.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 33.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Foreign exchange - R$ vs. US$ spot rate</FONT></P>
</TD>
     <TD style="HEIGHT: 33.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 33.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>October 2022 </FONT></P>
</TD>
     <TD style="HEIGHT: 33.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 33.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>3<FONT style="FONT-SIZE: 8pt" face=Arial>.</FONT>3815</FONT></P>
</TD>
     <TD style="HEIGHT: 33.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 33.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>30<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>000 </FONT></P>
</TD>
     <TD style="HEIGHT: 33.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 33.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>(17<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>742)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 33.75pt">
     <TD style="HEIGHT: 33.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>08/01/2015</FONT></P>
</TD>
     <TD style="HEIGHT: 33.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 33.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Export prepayments in US$ to third parties</FONT></P>
</TD>
     <TD style="HEIGHT: 33.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 33.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="18%">
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Part of the highly probable future monthly iron ore exports</FONT></P>
</TD>
     <TD style="HEIGHT: 33.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 33.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Foreign exchange - R$ vs. US$ spot rate</FONT></P>
</TD>
     <TD style="HEIGHT: 33.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 33.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(1)</FONT></P>
</TD>
     <TD style="HEIGHT: 33.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 33.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>3<FONT style="FONT-SIZE: 8pt" face=Arial>.</FONT>3940</FONT></P>
</TD>
     <TD style="HEIGHT: 33.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 33.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>(9<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>000)</FONT></P>
</TD>
     <TD style="HEIGHT: 33.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 33.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>5<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>210 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 33.75pt">
     <TD style="HEIGHT: 33.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>08/03/2015</FONT></P>
</TD>
     <TD style="HEIGHT: 33.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 33.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Export prepayments in US$ to third parties</FONT></P>
</TD>
     <TD style="HEIGHT: 33.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 33.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="18%">
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Part of the highly probable future monthly iron ore exports</FONT></P>
</TD>
     <TD style="HEIGHT: 33.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 33.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Foreign exchange - R$ vs. US$ spot rate</FONT></P>
</TD>
     <TD style="HEIGHT: 33.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 33.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>October 2018 - October 2022 </FONT></P>
</TD>
     <TD style="HEIGHT: 33.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 33.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>3<FONT style="FONT-SIZE: 8pt" face=Arial>.</FONT>3940</FONT></P>
</TD>
     <TD style="HEIGHT: 33.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 33.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>355<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>000 </FONT></P>
</TD>
     <TD style="HEIGHT: 33.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 33.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>(205<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>509)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="BORDER-TOP: #000000 1px solid; HEIGHT: 12.75pt; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Total</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: #000000 1px solid; HEIGHT: 12.75pt; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: #000000 1px solid; HEIGHT: 12.75pt; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="18%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: #000000 1px solid; HEIGHT: 12.75pt; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: #000000 1px solid; HEIGHT: 12.75pt; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: #000000 1px solid; HEIGHT: 12.75pt; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: #000000 1px solid; HEIGHT: 12.75pt; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: #000000 1px solid; HEIGHT: 12.75pt; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>1<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>566<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>000 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>&nbsp;</TD>
     <TD style="BORDER-TOP: #000000 1px solid; HEIGHT: 12.75pt; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>(1<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>637<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>939)</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 5.25pt">
     <TD style="HEIGHT: 5.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 5.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 5.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 5.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 5.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="18%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 5.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 5.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 5.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 5.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 5.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 5.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 5.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 5.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 5.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 5.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>&nbsp;</TD></TR>
<TR style="HEIGHT: 14.25pt">
     <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="18%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="9%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="8%" noWrap>&nbsp;</TD></TR></TABLE><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></FONT></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>(1) During the third quarter 2015, we reviewed the future export projections and identified that the amount of US$ 9 million designated previously were not highly probable. According to internal policy, the hedge relationship was discontinued prospectively, since the resume of exports in future periods is possible.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>In the hedging relationships described above, the amounts of the debt instruments were fully designated for equivalent iron ore export portions. </FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>The movements in the hedge accounting amounts recognized in shareholders&#8217; equity as of September 30, 2015 are as follows</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></FONT>&nbsp;</P>
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<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>
<TR style="HEIGHT: 14.1pt">
     <TD style="HEIGHT: 14.1pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="43%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 14.1pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>12/31/2014</FONT></B></P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 14.1pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 14.1pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Addition</FONT></B></P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 14.1pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 14.1pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Reversal</FONT></B></P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 14.1pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 14.1pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>9/30/2015</FONT></B></P>
</TD></TR>
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     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="43%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Cash flow hedge accounting </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>120,633 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1,517,306 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1,637,939 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="43%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Income tax and social contribution on cash flow hedge accounting</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(41,015)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(515,884)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(556,899)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="43%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Income tax and social contribution non computed o/ cash flow hedge accounting</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>398,258 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>398,258 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="43%">
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Fair value of cash flow hedge, net of taxes</FONT></B></P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>79,618 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1,399,680 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1,479,298 </FONT></B></P>
</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></I></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></I></B>&nbsp;</P>
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<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face=Arial>PAGE 53 of 86</FONT></P>
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     <TD width="75%" colSpan=2><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE </FONT></B></TD>
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     <TD width="65%"><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>ITR &#8211;&#8211; </FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Quarterly</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> Financial </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Information</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> -</FONT><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>September</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> 30, 2015 &#8211; CIA SIDERURGICA NACIONAL</FONT></FONT></TD>
     <TD width="10%"><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face=Arial,sans-serif>Version:1</FONT></TD></TR></TABLE>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 8pt" face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>As of September 30, 2015 the hedging relationships established by the Company were effective, according to the prospective tests conducted. Thus, no reversal for hedge accounting ineffectiveness was recognized. </FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 9pt" face=symbol>&#183; </FONT><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Hedge of net investment in foreign subsidiaries</FONT></I></B></P>
<P style="MARGIN: 0in 0in 0pt">&nbsp;</P>
</DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>CSN has natural foreign exchange exposure in euros arising significantly from loan made by a subsidiary abroad with functional currency in Reais, for the acquisition of investments abroad whose functional currency is Euro. Such exposure arises from converting the balance sheets of these subsidiaries for consolidation in CSN, and the exchange rate of the loans affected the income statement in the financial result item and exchange variation of the net assets of the foreign operation directly affected the equity in other comprehensive income.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>As from 1 September 2015 CSN began to adopt hedge of net investment to eliminate exposure in order to cover future fluctuations of the euro on such loans. Non-derivative financial liabilities have been designated represented by loan agreements with financial institutions in the amount of &#8364; 120 million. The carrying amounts as of September 30, 2015 are:</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%">&nbsp;</P>
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<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt" vAlign=bottom width="10%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt" vAlign=bottom width="15%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt" vAlign=bottom width="21%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt" vAlign=bottom width="12%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt" vAlign=bottom width="10%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt" vAlign=bottom width="11%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt" vAlign=bottom width="9%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>9/30/2015</FONT></B></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Designation Date</FONT></B></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Hedging Instrument</FONT></B></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Hedged item</FONT></B></P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Type of hedged risk</FONT></B></P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Exchange rate on designation</FONT></B></P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Designated amounts (EUR&#8217;000)</FONT></B></P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Impact on shareholders&#8217; equity</FONT></B></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>09/01/2015</FONT></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
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     <TD style="HEIGHT: 33.75pt; BACKGROUND: #dce6f1" width="15%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Non-derivative financial liabilities in EUR - Debt contract</FONT></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P>
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     <TD style="HEIGHT: 33.75pt; BACKGROUND: #dce6f1" width="21%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Investments in subsidiaries which EUR is the functional currency</FONT></P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P>
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     <TD style="HEIGHT: 33.75pt; BACKGROUND: #dce6f1" width="12%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Foreign exchange - R$ vs. EUR spot rate</FONT></P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>4<FONT style="FONT-SIZE: 8pt" face=Arial>.</FONT>0825</FONT></P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 33.75pt; BACKGROUND: #dce6f1" width="11%" align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>120<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>000 </FONT></P>
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     <TD style="HEIGHT: 33.75pt; BACKGROUND: #dce6f1" vAlign=bottom width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 33.75pt; BACKGROUND: #dce6f1" width="9%" align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>(42<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>288)</FONT></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Total</FONT></B></P>
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     <TD style="HEIGHT: 12pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BORDER-BOTTOM: windowtext 2.25pt double" vAlign=bottom width="21%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BORDER-BOTTOM: windowtext 2.25pt double" vAlign=bottom width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BORDER-BOTTOM: windowtext 2.25pt double" vAlign=bottom width="12%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BORDER-BOTTOM: windowtext 2.25pt double" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BORDER-BOTTOM: windowtext 2.25pt double" vAlign=bottom width="11%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>120<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>000 </FONT></B></P>
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     <TD style="HEIGHT: 12pt" vAlign=bottom width="2%" noWrap align=right>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BORDER-BOTTOM: windowtext 2.25pt double" vAlign=bottom width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>(42<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>288)</FONT></B></P>
</TD></TR></TABLE></DIV>
<P style="MARGIN: 0cm 0cm 10pt; LINE-HEIGHT: 115%"><FONT lang=PT-BR style="FONT-SIZE: 11pt" face=Calibri,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><FONT lang=PT-BR style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Changes in amounts related to hedge of net investment recorded in equity as of September 30 2015 is presented below:</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>
<TR style="HEIGHT: 14.1pt">
     <TD style="HEIGHT: 14.1pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="45%" noWrap>&nbsp;</TD>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>12/31/2014</FONT></B></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Adi&#231;&#227;o</FONT></B></P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 14.1pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 14.1pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%">
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Revers&#227;o </FONT></B></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 14.1pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%">
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>9/30/2015</FONT></B></P>
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     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="45%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Net investment hedge in foreign operations</FONT></P>
</TD>
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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>42,288 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>42,288 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="45%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Fair value of net investment hedge in foreign operations</FONT></B></P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>42,288 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>42,288 </FONT></B></P>
</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><FONT lang=PT-BR style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>On September 30, 2015 hedge relationships established by the Company found to be effective, according to prospective tests. Therefore, no reversal by ineffectiveness of the hedge was recorded.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><B><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>12.c) Sensitivity analysis</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>We present below the sensitivity analysis for currency risk and interest rate.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in; LINE-HEIGHT: 116%; TEXT-INDENT: -0.25in"><FONT style="LINE-HEIGHT: 116%" face=symbol><FONT lang=EN-US style="FONT-SIZE: 9pt" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT><FONT style="LINE-HEIGHT: 116%" face=arial,sans-serif><B><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Sensitivity analysis of Derivative Financial Instruments and Consolidated Foreign Exchange Exposure</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><B><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif>The Company considered scenarios 1 and 2 as 25% and 50% of deterioration for volatility of the currency, using as reference the closing exchange rate as of September 30, 2015. </FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=arial,sans-serif>The currencies used in the sensitivity analysis and its scenarios are shown below:</FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>9/30/2015</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Currency</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>Exchange rate</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>Probable scenario</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>Scenario 1</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>Scenario 2</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>USD</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
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     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>3.9729 </FONT></P>
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<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="21%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>3.8059 </FONT></P>
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<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>4.9661 </FONT></P>
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<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>5.9594 </FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>EUR</FONT></P>
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     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>4.4349 </FONT></P>
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     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="4%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="21%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>4.0864 </FONT></P>
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     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="4%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>5.5436 </FONT></P>
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     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="4%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>6.6524 </FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>USD x EUR</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1.1203 </FONT></P>
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<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="21%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1.0864 </FONT></P>
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     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="4%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1.4004 </FONT></P>
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     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="4%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1.6805 </FONT></P>
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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
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<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>9/30/2015</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>Interest</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>Interest rate</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>Scenario</FONT></B><B><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif> 1</FONT></B></P>
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     <TD style="HEIGHT: 11.25pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%" noWrap align=center>
<P style="MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>Scenario</FONT></B><B><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif> 2</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>CDI</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
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     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>14.13%</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
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     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>18.58%</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>22.30%</FONT></P>
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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>The effects on income statement, considering both scenarios are shown below:</FONT></FONT></P>
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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face=Arial>PAGE 54 of 86</FONT></P>
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     <TD width="75%" colSpan=2><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE </FONT></B></TD>
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     <TD width="65%"><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>ITR &#8211;&#8211; </FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Quarterly</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> Financial </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Information</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> -</FONT><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>September</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> 30, 2015 &#8211; CIA SIDERURGICA NACIONAL</FONT></FONT></TD>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>9/30/2015</FONT></B></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Instruments</FONT></B></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Notional amount </FONT></B></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Probable scenario (*)</FONT></B></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Scenario&nbsp;1</FONT></B></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Scenario&nbsp;2</FONT></B></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P>
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<TR style="HEIGHT: 12pt">
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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Dollar-to-real swap (NDF)</FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>10,000 </FONT></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Dollar</FONT></P>
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     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>(1,676)</FONT></P>
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     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>9,967 </FONT></P>
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     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>19,934 </FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="11%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="30%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Future dollar</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>1,275,000 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Dollar</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>(212,925)</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>1,266,362 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>2,532,724 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="30%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="11%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="30%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Hedge accounting of exports</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>1,566,000 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Dollar</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>(261,522)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>1,555,390 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>3,110,781 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="30%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="11%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="30%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Currency position</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>(3,329,442)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Dollar</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>556,017 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>(3,306,885)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>(6,613,770)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="30%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>(not including exchange derivatives above)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="11%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD></TR>
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     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="11%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>&nbsp;</TD></TR>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Consolidated exchange position</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>(478,442)</FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Dollar</FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>79,894 </FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>(475,166)</FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>(950,331)</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>(including exchange derivatives above)</FONT></P>
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     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="11%" noWrap>&nbsp;</TD>
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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>&nbsp;</TD>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD></TR>
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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Hedge of net investments in foreign operations</FONT></P>
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     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>120,000 </FONT></P>
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     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Euro</FONT></P>
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     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>(41,820)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>133,038 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>266,077 </FONT></P>
</TD></TR>
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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="11%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="30%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Currency position</FONT></P>
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     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>(114,646)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Euro</FONT></P>
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     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>39,954 </FONT></P>
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     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>(127,113)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>(254,226)</FONT></P>
</TD></TR>
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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="11%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD></TR>
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     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="30%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Consolidated exchange position</FONT></B></P>
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     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>5,354 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Euro</FONT></B></P>
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     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>(1,866)</FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>5,925 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>11,851 </FONT></B></P>
</TD></TR>
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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>(including exchange derivatives above)</FONT></P>
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     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="11%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>&nbsp;</TD></TR>
<TR style="HEIGHT: 11.25pt">
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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="11%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="30%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Dollar-to-euro swap</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>99,671 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Dollar</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>18,201 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>(79,196)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>(131,994)</FONT></P>
</TD></TR></TABLE>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>(*) The likely scenarios were calculated considering the following changes to the risks: Real x Dollar - Real appreciation of 4.20% / Real x Euro &#8211; Real appreciation of 7.86% / Dollar x Euro - Dollar appreciation of 3.03%. Source: prices Banco Central do Brasil in 11/06/2015.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in; LINE-HEIGHT: 116%; TEXT-INDENT: -0.25in"><FONT style="LINE-HEIGHT: 116%" face=symbol><FONT lang=EN-US style="FONT-SIZE: 9pt" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT><FONT style="LINE-HEIGHT: 116%" face=arial,sans-serif><B><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Sensitivity analysis of interest rate swaps </FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><B><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><B><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></B></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="31%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>9/30/2015</FONT></B></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Instruments</FONT></B></P>
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     <TD style="HEIGHT: 26.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%">&nbsp;</TD>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Notional amount</FONT></B></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Risk</FONT></B></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Probable scenario (*)</FONT></B></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Scenario 1</FONT></B></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Scenario 2</FONT></B></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Fixed rate-to-CDI interest rate swap</FONT></B></P>
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     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>345,000 </FONT></P>
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     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>CDI</FONT></P>
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     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(26,278)</FONT></P>
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     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(5,525)</FONT></P>
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     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(10,944)</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>&nbsp;</TD>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
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<TR style="HEIGHT: 12pt">
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<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Dollar-to-CDI interest rate swap</FONT></B></P>
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     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>150,000 </FONT></P>
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     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>CDI</FONT></P>
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     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1,202 </FONT></P>
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     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>2,121 </FONT></P>
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     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>4,202 </FONT></P>
</TD></TR></TABLE><FONT style="LINE-HEIGHT: 115%"><FONT lang=PT-BR style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif></FONT></FONT></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=PT-BR style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>(*) The sensitivity analysis is based on the assumption of maintaining as probable scenario the market values as of September 30, 2015 recognized in the company's assets and liabilities.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><B><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in; LINE-HEIGHT: 116%; TEXT-INDENT: -0.25in"><FONT style="LINE-HEIGHT: 116%" face=symbol><FONT lang=EN-US style="FONT-SIZE: 9pt" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT><FONT style="LINE-HEIGHT: 116%" face=arial,sans-serif><B><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Sensitivity analysis of changes in interest rates</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=arial,sans-serif>The Company considered the scenarios 1, and 2 as 25% and 50% of evolution for volatility of the interest as of September 30, 2015 &nbsp;</FONT></FONT></P>
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<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face=Arial>PAGE 55 of 86</FONT></P>
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     <TD width="75%" colSpan=2><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE </FONT></B></TD>
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     <TD width="65%"><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>ITR &#8211;&#8211; </FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Quarterly</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> Financial </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Information</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> -</FONT><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>September</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> 30, 2015 &#8211; CIA SIDERURGICA NACIONAL</FONT></FONT></TD>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Impact on profit or loss</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Changes in interest rates</FONT></B></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>% a.a</FONT></B></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Probable scenario(*)</FONT></B></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Scenario 1</FONT></B></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Scenario 2</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>TJLP</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" color=black face=Calibri,sans-serif></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>6.50 </FONT></P>
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<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=Calibri,sans-serif></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(6,316)</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(16,571)</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(33,142)</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Libor</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>0.53 </FONT></P>
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<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(70,374)</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(8,899)</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(17,798)</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>CDI</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>14.13 </FONT></P>
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<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>27,143 </FONT></P>
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<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(471,975)</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(943,950)</FONT></P>
</TD></TR></TABLE><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>&nbsp;&nbsp;</FONT></FONT></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>(*) The sensitivity analysis is based on the assumption of maintaining as probable scenario the market values at September 30, 2015 recorded in the Company&#180;s assets and liabilities.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>12.d) Liquidity risk</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>Below are the contractual maturities of financial liabilities, including interest. </FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Consolidated</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 21.75pt">
     <TD style="HEIGHT: 21.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="29%" noWrap>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>At September 30, 2015</FONT></B></P>
</TD>
     <TD style="HEIGHT: 21.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Less than one year</FONT></B></P>
</TD>
     <TD style="HEIGHT: 21.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 21.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%">
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>From one to two years</FONT></B></P>
</TD>
     <TD style="HEIGHT: 21.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 21.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>From two to five years</FONT></B></P>
</TD>
     <TD style="HEIGHT: 21.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 21.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%">
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Over five years</FONT></B></P>
</TD>
     <TD style="HEIGHT: 21.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%">
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 21.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Total</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="29%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Borrowings, financing and debentures</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>963,243 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1,783,393</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>22,713,681</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>8,956,618</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>34,416,935 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="29%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Derivative financial instruments</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>79,197 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>79,197 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="29%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Trade payables</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1,723,865 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1,723,865 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="29%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Dividends and interest on capital</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>2,264 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>2,264 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="29%" noWrap>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>At December 31, 2014</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="29%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Borrowings, financing and debentures</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>2,813,930 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>7,075,910 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>15,650,855 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>4,437,500 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>29,978,195 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="29%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Derivative financial instruments</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>65 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>21,301 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>21,366 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="29%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Trade payables</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1,638,505 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1,638,505 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="29%" noWrap>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Dividends and interest on capital</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>277,097 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>277,097 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="29%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="11%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>&nbsp;</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0in 14.2pt; LINE-HEIGHT: 115%; TEXT-INDENT: -14.2pt"><FONT style="LINE-HEIGHT: 115%" face=symbol><FONT lang=EN-US style="FONT-SIZE: 9pt" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><B><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IV </FONT></B></FONT><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;</FONT></FONT><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><B><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>&nbsp;Fair values of assets and liabilities as compared to their carrying amounts</FONT></B></FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>The estimated fair values for certain consolidated long-term borrowings and financing were calculated at prevailing market rates, taking into consideration the nature, terms and risks similar to those of the recorded contracts, as compared below:</FONT></FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="18%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>9/30/2015</FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>12/31/2014</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="21%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="18%">
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Carrying</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif> amount</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%">
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Fair</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif> value</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Carrying</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif> amount</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%">
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Fair</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif> value</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Perpetual bonds</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="18%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>3,978,308 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1,470,977 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>2,659,815 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1,974,031 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="21%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Fixed</FONT><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif> rate notes</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="18%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>7,470,917 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>3,566,300 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>6,232,986 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>6,267,272 </FONT></P>
</TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face=Arial>PAGE 56 of 86</FONT></P>
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     <TD width="75%" colSpan=2><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE </FONT></B></TD>
     <TD rowSpan=3 width="25%" align=right>
<IMG src="x15111317003600.jpg" width=118 height=54>
</TD></TR>
<TR>
     <TD width="65%"></TD>
     <TD width="10%"></TD></TR>
<TR>
     <TD width="65%"><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>ITR &#8211;&#8211; </FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Quarterly</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> Financial </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Information</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> -</FONT><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>September</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> 30, 2015 &#8211; CIA SIDERURGICA NACIONAL</FONT></FONT></TD>
     <TD width="10%"><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face=Arial,sans-serif>Version:1</FONT></TD></TR></TABLE>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 8pt" face="Times New Roman"></FONT>&nbsp;</P>
</DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in; LINE-HEIGHT: 116%; TEXT-INDENT: -0.25in"><FONT style="LINE-HEIGHT: 116%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>13.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LAYOUT-GRID-MODE: line" face="times new roman">&nbsp;&nbsp; </FONT></B></FONT><FONT style="LINE-HEIGHT: 116%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>OTHER PAYABLES</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>The group of other payables classified in current and non-current liabilities is comprised as follows:</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="30%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="34%" colSpan=7 noWrap><FONT style="FONT-SIZE: 8pt"><FONT style="FONT-FAMILY: arial">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"></P>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"></P>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"></P>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"></P>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"></P>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"></P>
</FONT></FONT>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-FAMILY: arial"><FONT style="FONT-SIZE: 8pt">Consolidated</FONT></FONT></B></P>
</TD>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="34%" colSpan=7 noWrap align=right><FONT style="FONT-SIZE: 8pt"><FONT style="FONT-FAMILY: arial">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right></P>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right></P>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B></P>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right></P>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right></P>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right></P>
</FONT></FONT>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-FAMILY: arial"><FONT style="FONT-SIZE: 8pt">Parent Company</FONT></FONT></B></P>
</TD></TR>
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     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="30%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="18%" colSpan=4 noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Current</FONT></B></P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="16%" colSpan=3 noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Non-current</FONT></B></P>
</TD>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="16%" colSpan=3 noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Current</FONT></B></P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="16%" colSpan=3 noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Non-current</FONT></B></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="30%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">9/30/2015</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">12/31/2014</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">9/30/2015</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">12/31/2014</FONT></B></P>
</TD>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">9/30/2015</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">12/31/2014</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">9/30/2015</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">12/31/2014</FONT></B></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="30%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Payables to related parties (Note 17 b)</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">490,913</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">249,758</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">9,323,449</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">9,236,716</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">630,375</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">339,613</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">9,468,963</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">9,810,648</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="30%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Derivative financial instruments (Note 12 I)</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">79,197</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">65</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">21,301</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="30%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial" face=arial.sans-serif>Exclusive funds <SUP>(1)</SUP></FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">76,256</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="30%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Dividends and interest on capital payable to Company owners </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">152,966</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">152,966</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="30%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Dividends and interest on capital payable non-controlling interets</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">2,264</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">124,131</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">2,264</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">124,131</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="30%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Advances from customers</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">58,676</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">22,905</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">41,841</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">14,932</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="30%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Taxes in installments</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">24,118</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">33,358</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">13,731</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">20,728</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">16,301</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">23,348</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">1,476</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">1,823</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="30%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Profit sharing - employees</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">133,195</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">120,278</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">110,941</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">108,902</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="30%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Other payables</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">211,853</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">141,648</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">47,897</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">36,618</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">122,767</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">39,705</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">6,360</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">6,041</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="30%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">1,000,216</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">845,109</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">9,385,077</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">9,315,363</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">1,000,745</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">803,597</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">9,476,799</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">9,818,512</FONT></B></P>
</TD></TR></TABLE>
<DIV align=left><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>1. Refers to derivative transactions managed by exclusive funds.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in; LINE-HEIGHT: 116%; TEXT-INDENT: -0.25in"><FONT style="LINE-HEIGHT: 116%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif>14.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LAYOUT-GRID-MODE: both" face="times new roman">&nbsp;&nbsp; </FONT></B></FONT><FONT style="LINE-HEIGHT: 116%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif>INCOME TAX AND SOCIAL CONTRIBUTION </FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>The information related to income tax and social contribution did not have significant changes in relation to that disclosed in the Company's financial statements as of December 31, 2014 and, accordingly, the Company decided not to repeat it fully in the condensed interim financial statements as of September 30, 2015.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif>14.a) Income tax and social contribution recognized in profit or loss:</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif>The income tax and social contribution recognized in profit or loss for the period are as follows:</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="36%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Consolidated</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="36%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="30%" colSpan=3 noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=#333333 face=arial,sans-serif>Nine</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=#333333 face=arial,sans-serif>-month period</FONT></B><B><FONT lang=EN-ID style="FONT-SIZE: 8pt" color=#333333 face=arial,sans-serif> ended </FONT></B></P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" color=black face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="31%" colSpan=3 noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=#333333 face=arial,sans-serif>Three-month period ended</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="36%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>9/30/2015</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>9/30/2014</FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>9/30/2015</FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>9/30/2014</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Income tax and social contribution (expense) income</FONT></B></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
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     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD></TR>
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<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Current</FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(204,840)</FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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     <TD style="HEIGHT: 12.95pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(407,606)</FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(112,796)</FONT></P>
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     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=#333333 face=arial,sans-serif>(187,241)</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Deferred</FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>543,095 </FONT></P>
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     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>332,332 </FONT></P>
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     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(56,602)</FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=#333333 face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=#333333 face=arial,sans-serif>154,443 </FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BACKGROUND: white; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>338,255 </FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BACKGROUND: white; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(75,274)</FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BACKGROUND: white; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(169,398)</FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BACKGROUND: white; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(32,798)</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" color=#333333 face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=#333333 face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=#333333 face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=#333333 face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=#333333 face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=#333333 face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=#333333 face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=#333333 face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" color=#333333 face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=#333333 face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=#333333 face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=#333333 face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=#333333 face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=#333333 face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=#333333 face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=#333333 face=arial,sans-serif>Parent Company</FONT></B></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=#333333 face=arial,sans-serif>Nine-month period ended</FONT></B></P>
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     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="31%" colSpan=3 noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=#333333 face=arial,sans-serif>Three-month period ended</FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>9/30/2015</FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>9/30/2014</FONT></B></P>
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     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>9/30/2015</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>9/30/2014</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="36%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Income tax and social contribution (expense) income</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="36%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Current</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(80,307)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(30,470)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(74,267)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(30,470)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="36%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Deferred</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>593,287 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>306,781 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(48,996)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>144,757 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="36%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>512,980 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>276,311 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(123,263)</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>114,287 </FONT></B></P>
</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>The reconciliation of Company and consolidated income tax and social contribution expenses and income and the result from applying the effective rate on profit before income tax (IRPJ) and social contribution (CSLL) are as follows:</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face=Arial>PAGE 57 of 86</FONT></P>
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     <TD width="75%" colSpan=2><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE </FONT></B></TD>
     <TD rowSpan=3 width="25%" align=right>
<IMG src="x15111317003600.jpg" width=118 height=54>
</TD></TR>
<TR>
     <TD width="65%"></TD>
     <TD width="10%"></TD></TR>
<TR>
     <TD width="65%"><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>ITR &#8211;&#8211; </FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Quarterly</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> Financial </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Information</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> -</FONT><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>September</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> 30, 2015 &#8211; CIA SIDERURGICA NACIONAL</FONT></FONT></TD>
     <TD width="10%"><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face=Arial,sans-serif>Version:1</FONT></TD></TR></TABLE>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 8pt" face="Times New Roman"></FONT>&nbsp;</P>
<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="42%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="13%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="13%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="13%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" color=#333333 face=arial.sans-serif>Consolidated</FONT></B></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="42%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="28%" colSpan=3 noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial" color=#333333>Nine-month period ended </FONT></B></P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="28%" colSpan=3 noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial" color=#333333>Three-month period ended</FONT></B></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="42%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="13%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">09/30/2015</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="13%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">09/30/2014</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="13%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">09/30/2015</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="13%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">09/30/2014</FONT></B></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="42%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(Loss) profit before income tax and social contribution</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="13%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial.sans-serif></FONT></B><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(1,093,697)</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="13%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(103,985)</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="13%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(363,253)</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="13%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(217,590)</FONT></B></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="42%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Tax rate</FONT></P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="13%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">34%</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="13%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">34%</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="13%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">34%</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="13%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">34%</FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="42%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Income tax and social contribution at combined statutory rate</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="13%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial.sans-serif></FONT></B><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">371,857 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="13%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">35,355 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="13%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">123,506 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="13%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">73,981 </FONT></B></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="42%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Adjustment to reflect the effective rate:</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="13%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="13%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="13%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="13%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="42%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Equity pickup</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="13%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">413,367 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="13%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">28,794 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="13%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">292,784 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="13%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">67,178 </FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="42%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Profit with differentiated rates or untaxed</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="13%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial.sans-serif></FONT><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">766,352 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="13%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(75,555)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="13%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">570,848 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="13%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(145,882)</FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="42%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Transfer pricing adjustment</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="13%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(40,189)</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="13%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(21,164)</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="13%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(17,854)</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="13%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(9,655)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="42%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Tax loss carryforwards without recognizing deferred taxes</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="13%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial.sans-serif></FONT><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(42,735)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="13%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(24,822)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="13%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(17,541)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="13%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(3,541)</FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="42%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Indebtdness limit</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="13%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(34,274)</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="13%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="13%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(15,562)</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="13%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="42%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Deferred taxes on temporary differences - non computed (1)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="13%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial.sans-serif></FONT><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(1,107,385)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="13%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="13%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(1,107,385)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="13%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="42%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Other permanent deductions (add-backs)</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="13%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial.sans-serif></FONT><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">11,262 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="13%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(17,882)</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="13%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">1,806 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="13%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(14,879)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="42%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Income tax and social contribution in profit for the period</FONT></B></P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="13%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial.sans-serif></FONT></B><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">338,255 </FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="13%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(75,274)</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="13%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(169,398)</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="13%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(32,798)</FONT></B></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="42%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Effective tax rate</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="13%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">31%</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="13%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">-72%</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="13%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">-47%</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="13%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">-15%</FONT></B></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="42%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="13%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="13%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="13%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="13%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="42%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="13%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="13%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="13%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Parent Company</FONT></B></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="42%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="28%" colSpan=3 noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial" color=#333333>Nine-month period ended </FONT></B></P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT color=#333333></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="28%" colSpan=3 noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial" color=#333333>Three-month period ended</FONT></B></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="42%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="13%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">09/30/2015</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="13%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">09/30/2014</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="13%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">09/30/2015</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="13%" align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">09/30/2014</FONT></B></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="42%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(Loss) profit before income tax and social contribution</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="13%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial.sans-serif></FONT></B><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(1,267,705)</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="13%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(449,367)</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="13%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(409,250)</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="13%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(364,392)</FONT></B></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="42%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Tax rate</FONT></P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="13%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">34%</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="13%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">34%</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="13%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">34%</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="13%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">34%</FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="42%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Income tax and social contribution at combined statutory rate</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="13%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial.sans-serif></FONT></B><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">431,020 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="13%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">152,785 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="13%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">139,145 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="13%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">123,893 </FONT></B></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="42%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Adjustment to reflect the effective rate:</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="13%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="13%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="13%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="13%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="42%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Share of profits of investees</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="13%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial.sans-serif></FONT><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">1,264,121 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="13%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">160,142 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="13%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">884,179 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="13%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">4,133 </FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="42%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Transfer pricing adjustment</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="13%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(40,189)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="13%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(21,164)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="13%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(17,854)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="13%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(9,655)</FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="42%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Indebtdness limit</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="13%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(34,274)</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="13%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="13%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(15,562)</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="13%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="42%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Deferred taxes on temporary differences - non computed (1)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="13%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial.sans-serif></FONT><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(1,111,850)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="13%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="13%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(1,111,850)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="13%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="42%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Other permanent deductions (add-backs)</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="13%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial.sans-serif></FONT><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">4,152 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="13%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(15,452)</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="13%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(1,321)</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="13%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(4,084)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="42%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Income tax and social contribution in profit for the period</FONT></B></P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="13%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial.sans-serif></FONT></B><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">512,980 </FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="13%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">276,311 </FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="13%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(123,263)</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="13%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">114,287 </FONT></B></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="42%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Effective tax rate</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="13%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">40%</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="13%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">61%</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="13%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">-30%</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="13%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">31%</FONT></B></P>
</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>(1) As from third quarter of 2015 the Company no longer computes income tax and social contribution credits on tax losses and temporary differences. See details in note 14 (b).</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>14.b) Deferred income tax and social contribution:</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>The deferred income tax and social contribution are calculated on income tax and social contribution loss carryforwards and related temporary differences between the tax bases of assets and liabilities and the accounting balances of the financial statements. </FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face=Arial>PAGE 58 of 86</FONT></P>
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     <TD width="75%" colSpan=2><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE </FONT></B></TD>
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<IMG src="x15111317003600.jpg" width=118 height=54>
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     <TD width="65%"><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>ITR &#8211;&#8211; </FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Quarterly</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> Financial </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Information</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> -</FONT><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>September</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> 30, 2015 &#8211; CIA SIDERURGICA NACIONAL</FONT></FONT></TD>
     <TD width="10%"><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face=Arial,sans-serif>Version:1</FONT></TD></TR></TABLE>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 8pt" face="Times New Roman"></FONT>&nbsp;</P>
<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="49%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">Consolidated</FONT></B></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="49%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="12%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">Opening balance</FONT></B></P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="25%" colSpan=3 noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">Movement</FONT></B></P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="12%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">Closing balance</FONT></B></P>
</TD></TR>
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     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="49%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="12%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">12/31/2014</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=middle width="12%" align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">Comprehensive income</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt"></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="12%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">Profit or loss</FONT></B></P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="12%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">9/30/2015</FONT></B></P>
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     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="49%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial" color=#000000>Deferred tax assets</FONT></B></P>
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     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" color=#000000></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="49%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 16pt"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">Income tax losses</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">383,185 </FONT></P>
</TD>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">11,629 </FONT></P>
</TD>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">(202,183)</FONT></P>
</TD>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">192,631 </FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="49%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 16pt"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">Social contribution tax losses</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">75,662 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">(8,485)</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">67,177 </FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="49%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">Temporary differences</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">2,157,211 </FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">86,071 </FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">729,103 </FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">2,972,385 </FONT></B></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="49%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 16pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">- Provision for tax. social security, labor, civil and environmental risks</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial.sans-serif></FONT><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">226,741 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">39,780 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">266,521 </FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="49%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 16pt"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">- Provision for environmental liabilities</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">71,925 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">(22)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">71,903 </FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="49%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 16pt"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">- Asset impairment losses</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">68,981 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">(2,723)</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">66,258 </FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="49%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 16pt"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">- Inventory impairment losses</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">32,366 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">(3,365)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">29,001 </FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="49%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 16pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">- (Gains)/losses on financial instruments</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial.sans-serif></FONT><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">(6,419)</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">1,182 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">(5,237)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="49%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 16pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">- (Gains)/losses on available-for-sale financial assets</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial.sans-serif></FONT><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">618,291 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">100,581 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">60,815 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">779,687 </FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="49%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 16pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">- Income tax and social contribution non computed o/ available-for-sale financial assets</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial.sans-serif></FONT><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">(123,893)</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">(123,893)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="49%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 16pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">- Actuarial liability (pension and healthcare plan)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial.sans-serif></FONT><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">163,627 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">(68)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">163,559 </FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="49%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 16pt"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">- Accrued supplies and services</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">68,483 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">55,488 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">123,971 </FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="49%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 16pt"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">- Allowance for doubtful debts</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">29,852 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">5,220 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">35,072 </FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="49%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 16pt"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">- Goodwill on merger</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">(102,659)</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">(8,435)</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">111,094 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="49%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 16pt"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">- Unrealized exchange differences (*)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">1,011,007 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">1,586,087 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">2,597,094 </FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="49%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 16pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">- (Gain) on loss of control over Transnordestina</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial.sans-serif></FONT><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">(224,096)</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">(224,096)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="49%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 16pt"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">- Cash flow hedge accounting</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">41,015 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">515,884 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">556,899 </FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="49%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 16pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">- Income tax and social contribution non computed o/ cash flow hedge accounting</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial.sans-serif></FONT><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">(398,258)</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">(398,258)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="49%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 16pt"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">- Deferred taxes non computed</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">(1,111,845)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">(1,111,845)</FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="49%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 16pt"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">- Other</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">158,097 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">260 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">(12,608)</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">145,749 </FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="49%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">Non-current assets</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">2,616,058 </FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">97,700 </FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">518,435 </FONT></B></P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">3,232,193 </FONT></B></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="49%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="49%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial" color=#000000>Deferred tax liabilities</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="12%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="12%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="12%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="12%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="49%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 16pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">- Fair value adjustment - Acquisition of SWT</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial.sans-serif></FONT><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">222,454 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">74,612 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">(23,948)</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">273,118 </FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="49%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 16pt"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">- Other </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">16,438 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">5,639 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">(712)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">21,365 </FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="49%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">Non-current liabilities</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt"></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: #000000 1px solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">238,892 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt"></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: #000000 1px solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">80,251 </FONT></B></P>
</TD>
     <TD style="BORDER-TOP: #000000 1px solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt"></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: #000000 1px solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">(24,660)</FONT></B></P>
</TD>
     <TD style="BORDER-TOP: #000000 1px solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">294,483 </FONT></B></P>
</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="42%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="58%" colSpan=8 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">Parent company</FONT></B></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="42%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">Opening balance</FONT></B></P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="35%" colSpan=5 noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">Movement</FONT></B></P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">Closing balance</FONT></B></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="42%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">12/31/2014</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=middle width="11%">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">Comprehensive income</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt"></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">Profit or loss</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">Incorporation</FONT></B></P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">9/30/2015</FONT></B></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="42%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial" color=#000000>Deferred tax assets</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" color=#000000></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" color=#000000></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="42%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 16pt"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">Income tax losses</FONT></P>
</TD>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">219,211 </FONT></P>
</TD>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">(26,578)</FONT></P>
</TD>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">192,633 </FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="42%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 16pt"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">Social contribution tax losses</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">75,662 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">(8,485)</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">67,177 </FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="42%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">Temporary differences</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">2,144,056 </FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">102,821 </FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">628,350 </FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">29,042 </FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">2,904,269 </FONT></B></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="42%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 16pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">- Provision for tax. social security, labor, civil and environmental risks</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial.sans-serif></FONT><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">218,645 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">38,781 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">6,153 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">263,579 </FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="42%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 16pt"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">- Provision for environmental liabilities</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">71,925 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">(22)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">71,903 </FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="42%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 16pt"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">- Asset impairment losses</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">62,304 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">(2,404)</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">6,356 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">66,256 </FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="42%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 16pt"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">- Inventory impairment losses</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">29,939 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">(2,735)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">831 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">28,035 </FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="42%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 16pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">- (Gains)/losses on financial instruments</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial.sans-serif></FONT><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">(5,037)</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">863 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">(1,063)</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">(5,237)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="42%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 16pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">- (Gains)/losses on available-for-sale financial assets</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial.sans-serif></FONT><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">594,397 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">109,088 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">60,815 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">15,387 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">779,687 </FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="42%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 16pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">- Income tax and social contribution non computed o/ available-for-sale financial assets</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial.sans-serif></FONT><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">(123,893)</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">(123,893)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="42%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 16pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">- Actuarial liability (pension and healthcare plan)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial.sans-serif></FONT><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">163,763 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">(203)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">163,560 </FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="42%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 16pt"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">- Accrued supplies and services</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">66,619 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">55,943 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">1,408 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">123,970 </FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="42%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 16pt"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">- Allowance for doubtful debts</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">25,987 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">5,556 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">151 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">31,694 </FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="42%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 16pt"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">- Unrealized exchange differences (*)</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">1,011,007 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">1,586,087 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">2,597,094 </FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="42%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 16pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">- (Gain) on loss of control over Transnordestina</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial.sans-serif></FONT><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">(224,096)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">(224,096)</FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="42%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 16pt"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">- Cash flow hedge accounting</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">41,015 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">515,884 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">556,899 </FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="42%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 16pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">- Income tax and social contribution non computed o/ cash flow hedge accounting</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial.sans-serif></FONT><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">(398,258)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">(398,258)</FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="42%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 16pt"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">- Deferred taxes non computed</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">(1,111,843)</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">(1,111,843)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="42%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 16pt"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">- Other</FONT></P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">87,588 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">(2,691)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">22 </FONT></P>
</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">84,919 </FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="42%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">Non-current assets</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">2,438,929 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt"></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">102,821 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt"></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">593,287 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt"></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">29,042 </FONT></B></P>
</TD>
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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">3,164,079 </FONT></B></P>
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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif>(*) The Company taxes foreign exchange differences on a cash basis to calculate income tax and social contribution.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif>The Company&#8217;s corporate structure includes foreign subsidiaries whose profits are subject to income tax levied by the related countries, recognized at tax rates lower than in Brazil.</FONT></FONT></P>
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<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face=Arial>PAGE 59 of 86</FONT></P>
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     <TD width="75%" colSpan=2><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE </FONT></B></TD>
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     <TD width="65%"><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>ITR &#8211;&#8211; </FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Quarterly</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> Financial </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Information</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> -</FONT><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>September</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> 30, 2015 &#8211; CIA SIDERURGICA NACIONAL</FONT></FONT></TD>
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<FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif>From 2011 to the third quarter of 2015, these subsidiaries generated profits amounting to R$3,826,742, which tax authorities may understand that have already been distributed, hence, it would be subject to&nbsp; additional taxation in Brazil, in the </FONT></FONT><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif>approximate amount of R$1,301,092. The Company, based on its legal counsel's opinion, assessed the likelihood of loss in a potential challenge by tax authorities as possible and, therefore, no provision was recognized in the condensed interim financial statements.</FONT></FONT>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in; LINE-HEIGHT: 116%; TEXT-INDENT: -0.25in"><FONT style="LINE-HEIGHT: 116%" face=symbol><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LAYOUT-GRID-MODE: both" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT><FONT style="LINE-HEIGHT: 116%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif>Law 12.973/14</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif></FONT></B></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Law 12.973, enacted in May 2014, brought significant changes to tax legislation, which among others, revoked the Transition Tax Regime (RTT).Theses changes directly impact the determination of the income tax and social contribution basis. As from 2015, the application of the Law is mandatory and CSN applied the Law&#180;s requirements.</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in; LINE-HEIGHT: 115%; TEXT-INDENT: -0.25in"><FONT style="LINE-HEIGHT: 115%" face=symbol><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LAYOUT-GRID-MODE: both" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT><FONT style="LINE-HEIGHT: 115%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif>Impairment test - Deferred taxes</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif>CSN approved by the Board of Directors&#180; Meeting of November 6 <SUP>th</SUP>2015, a study to demonstrate the generation of future taxable income with which it is expected that the credits currently registered in the balance sheet are offset.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif>The test was performed considering only the parent company, since the other group companies have no relevant credits for purposes of this test. The parent company consists of the following businesses:</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif>&#8226; Flat Steel Brazil;</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif>&#8226; Long Steel Brazil;</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif>&#8226; Mining</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif>&#8226; Cement;</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif>&#8226; Investments in other entities.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif>The study was prepared based on the CSN&#180;s financial model of long-term and considered several scenarios which vary according to different macroeconomic and operating assumptions. Furthermore, the model considers a combination of assets sales scenario and liquidity events in order to achieve a specific amount of resources to CSN allowing a leverage reduction of and consequently, the reduction of financial expenses.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif>In addition, a sensitivity analysis of tax credits utilization considering a change in macroeconomic assumptions, operational performance and liquidity events took place. This sensitivity analysis showed that the consumption of credits is sensitive to exogenous issues and outside the Company's control.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif>Thus, considering the study&#180;s results, which indicates the probable future taxable income to compensate the deferred income tax and social contribution balances recognized until June 30, 2015, the Board of Directors agreed to not record the deferred income tax and social contribution as from the 3<SUP>rd</SUP> quarter of 2015. If the tax credit for the quarter was constituted, the amount would be R$1.1 billion. Additionally, the study projects the compensation of the balance according to the schedule below:</FONT></FONT></P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>In million of reais</FONT></B></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" face=Arial>Parent Company</FONT></FONT></B></P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>2016</FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" face=Arial>686</FONT></FONT></P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" face=Arial>2017</FONT></FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" face=Arial>622</FONT></FONT></P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" face=Arial>2018</FONT></FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" face=Arial>152</FONT></FONT></P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" face=Arial>2019</FONT></FONT></P>
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     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="30%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" face=Arial>192</FONT></FONT></P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" face=Arial>2020</FONT></FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" face=Arial>286</FONT></FONT></P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" face=Arial>2021</FONT></FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>464</FONT></P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>2022</FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" face=Arial>576</FONT></FONT></P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" face=Arial>2023</FONT></FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" face=Arial>185</FONT></FONT></P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" face=Arial></FONT></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=#333333 face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" face=Arial>3,164</FONT></FONT></B></P>
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<P style="MARGIN: 0cm 0cm 10pt; LINE-HEIGHT: 115%">&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif>If the tax credit for the quarter was constituted, the amount would be $ 1.1 billion, which could be carried out between the years 2023 and 2026.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face=Arial>PAGE 60 of 86</FONT></P>
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     <TD width="75%" colSpan=2><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE </FONT></B></TD>
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     <TD width="65%"><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>ITR &#8211;&#8211; </FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Quarterly</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> Financial </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Information</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> -</FONT><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>September</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> 30, 2015 &#8211; CIA SIDERURGICA NACIONAL</FONT></FONT></TD>
     <TD width="10%"><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face=Arial,sans-serif>Version:1</FONT></TD></TR></TABLE>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 8pt" face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif><FONT style="LINE-HEIGHT: 116%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>14.c) Income tax and social contribution recognized in shareholders' equity:</FONT></B></FONT></FONT></B></FONT><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>The income tax and social contribution recognized directly in shareholders' equity are as follows:</FONT></FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=#333333 face=arial,sans-serif>Consolidated</FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=#333333 face=arial,sans-serif>Parent Company</FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>9/30/2015</FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>12/31/2014</FONT></B></P>
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     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 14.1pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>9/30/2015</FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
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     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 14.1pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>12/31/2014</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Income tax and social contribution</FONT></B></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
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     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Actuarial gains on defined benefit pension plan</FONT></P>
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     <TD style="HEIGHT: 12.95pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>65,128 </FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>65,372 </FONT></P>
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     <TD style="HEIGHT: 12.95pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>65,247 </FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>65,247 </FONT></P>
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<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="48%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Changes in the fair value on available-for-sale financial assets </FONT></P>
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     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(164,171)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(140,859)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(144,940)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(130,135)</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Actuarial gains and assets available for sale by incorporation</FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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     <TD style="HEIGHT: 12.95pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(19,349)</FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD></TR>
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<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Exchange differences on translating foreign operations </FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(425,510)</FONT></P>
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     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(425,510)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(425,510)</FONT></P>
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     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(425,510)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="48%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Cash flow hedge accounting </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>158,641 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>41,015 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>158,641 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>41,015 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="48%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=#333333 face=arial,sans-serif>(365,912)</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=#333333 face=arial,sans-serif>(459,982)</FONT></B></P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=#333333 face=arial,sans-serif>(365,911)</FONT></B></P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=#333333 face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=#333333 face=arial,sans-serif>(449,383)</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 5.25pt">
     <TD style="HEIGHT: 5.25pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="48%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" color=#333333 face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 5.25pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=#333333 face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 5.25pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=#333333 face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 5.25pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=#333333 face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 5.25pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=#333333 face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 5.25pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=#333333 face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 5.25pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=#333333 face=arial,sans-serif></FONT>&nbsp;</P>
</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in; LINE-HEIGHT: 116%; TEXT-INDENT: -0.25in"><FONT style="LINE-HEIGHT: 116%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif>15.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LAYOUT-GRID-MODE: both" face="times new roman">&nbsp;&nbsp; </FONT></B></FONT><FONT style="LINE-HEIGHT: 116%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif>PROVISION FOR TAX, SOCIAL SECURITY, LABOR, CIVIL AND ENVIRONMENTAL RISKS AND JUDICIAL DEPOSITS</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif>As of September 30, 2015, the information related to judicial deposits and proceedings did not have significant changes in relation to that disclosed in the Company's financial statements as of December 31, 2014. Details of the accrued amounts and related judicial deposits are as follows:</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="17%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="11%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt"></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">Consolidated</FONT></B></P>
</TD>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="11%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt"></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt"></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">Parent Company</FONT></B></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="17%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt"></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="22%" colSpan=2>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">Accrued liabilities</FONT></B></P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="19%" colSpan=2>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">Judicial deposits</FONT></B></P>
</TD>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt"></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="21%" colSpan=2>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">Accrued liabilities</FONT></B></P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="19%" colSpan=2>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">Judicial deposits</FONT></B></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="17%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt"></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="11%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">9/30/2015</FONT></B></P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="11%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">12/31/2014</FONT></B></P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">9/30/2015</FONT></B></P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="10%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">12/31/2014</FONT></B></P>
</TD>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt"></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="11%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">9/30/2015</FONT></B></P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="10%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">12/31/2014</FONT></B></P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="10%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">9/30/2015</FONT></B></P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">12/31/2014</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="17%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">Tax</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">175,137</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">129,524</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">81,693</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">77,836</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">118,426</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">109,173</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">67,842</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">67,483</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="17%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">Social security</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">67,790</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">62,277</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">46,193</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">46,193</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">66,939</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">61,498</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">46,193</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">46,193</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="17%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">Labor</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">481,078</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">444,243</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">165,183</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">136,396</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">421,723</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">377,224</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">137,166</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">105,833</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="17%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">Civil</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">131,041</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">106,143</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">28,415</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">17,897</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">117,645</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">86,360</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">18,836</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">13,588</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="17%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">Environmental</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">14,560</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">3,981</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">1,697</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">1,697</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">14,560</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">3,978</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">1,628</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">1,628</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="17%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">Judicial deposits</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">6,603</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">8,785</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 12pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">1,870</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">5,177</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="17%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: #000000 1px solid; HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">869,606</FONT></B></P>
</TD>
     <TD style="BORDER-TOP: #000000 1px solid; HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">746,168</FONT></B></P>
</TD>
     <TD style="BORDER-TOP: #000000 1px solid; HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">329,784</FONT></B></P>
</TD>
     <TD style="BORDER-TOP: #000000 1px solid; HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">288,804</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt"></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: #000000 1px solid; HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">739,293</FONT></B></P>
</TD>
     <TD style="BORDER-TOP: #000000 1px solid; HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">638,233</FONT></B></P>
</TD>
     <TD style="BORDER-TOP: #000000 1px solid; HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">273,535</FONT></B></P>
</TD>
     <TD style="BORDER-TOP: #000000 1px solid; HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">239,902</FONT></B></P>
</TD></TR></TABLE>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT lang=PT-BR style="FONT-SIZE: 11pt" face=Calibri,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%">&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>The changes in the provisions for tax, social security, labor, civil and environmental risks in the period ended September 30, 2015 were as follows:</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" color=black><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" color=black face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="19%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Consolidated</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Current + Non-current</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 25.5pt">
     <TD style="HEIGHT: 25.5pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%">
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Nature</FONT></B></P>
</TD>
     <TD style="HEIGHT: 25.5pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>12/31/2014</FONT></B></P>
</TD>
     <TD style="HEIGHT: 25.5pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Additions</FONT></B></P>
</TD>
     <TD style="HEIGHT: 25.5pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Net adjustment</FONT></B></P>
</TD>
     <TD style="HEIGHT: 25.5pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%">
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Net utilization of reversal</FONT></B></P>
</TD>
     <TD style="HEIGHT: 25.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%">&nbsp;</TD>
     <TD style="HEIGHT: 25.5pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>9/30/2015</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Tax</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>129,524 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>109,244 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>4,106 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(67,737)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>175,137 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Social security</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>62,277 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>5,513 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%">&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%">&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>67,790 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Labor</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>444,243 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>172,345 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>40,969 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(176,479)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>481,078 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Civil </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>106,143 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>30,365 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>33,953 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(39,420)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%">&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>131,041 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Environmental</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>3,981 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>14,560 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(3,981)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>14,560 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%">&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>746,168 </FONT></B></P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>326,514 </FONT></B></P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>84,541 </FONT></B></P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(287,617)</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%">&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="19%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>869,606 </FONT></B></P>
</TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" color=black face=arial,sans-serif></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" color=black face=arial,sans-serif></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" color=black face=arial,sans-serif></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" color=black face=arial,sans-serif></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" color=black face=arial,sans-serif></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" color=black face=arial,sans-serif></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" color=black face=arial,sans-serif></FONT>&nbsp;</P>
<DIV align=left>&nbsp;</DIV>
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<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face=Arial>PAGE 61 of 86</FONT></P>
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     <TD width="75%" colSpan=2><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE </FONT></B></TD>
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     <TD width="65%"><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>ITR &#8211;&#8211; </FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Quarterly</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> Financial </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Information</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> -</FONT><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>September</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> 30, 2015 &#8211; CIA SIDERURGICA NACIONAL</FONT></FONT></TD>
     <TD width="10%"><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face=Arial,sans-serif>Version:1</FONT></TD></TR></TABLE>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 8pt" face="Times New Roman"></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" color=black><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" color=black face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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     <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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     <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="18%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Parent Company</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="18%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Current + Non-current</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 25.5pt">
     <TD style="HEIGHT: 25.5pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%">
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Nature</FONT></B></P>
</TD>
     <TD style="HEIGHT: 25.5pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%">
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 25.5pt; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>12/31/2014</FONT></B></P>
</TD>
     <TD style="HEIGHT: 25.5pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Additions</FONT></B></P>
</TD>
     <TD style="HEIGHT: 25.5pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Net adjustment</FONT></B></P>
</TD>
     <TD style="HEIGHT: 25.5pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="18%">
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Net utilization of reversal</FONT></B></P>
</TD>
     <TD style="HEIGHT: 25.5pt; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>9/30/2015</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Tax</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>109,173 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>72,881 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>4,106 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="18%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(67,734)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>118,426 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Social security</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%">&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>61,498 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>5,441 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="18%">&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>66,939 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Labor</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>377,224 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>160,432 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>36,583 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="18%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(152,516)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>421,723 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Civil </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%">&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>86,360 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>28,042 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>31,709 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="18%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(28,466)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>117,645 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Environmental</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>3,978 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>14,560 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="18%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(3,978)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>14,560 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%">&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%">&nbsp;</TD>
     <TD style="BORDER-TOP: #000000 1px solid; HEIGHT: 12.75pt; BORDER-BOTTOM: #000000 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>638,233 </FONT></B></P>
</TD>
     <TD style="BORDER-TOP: #000000 1px solid; HEIGHT: 12.75pt; BORDER-BOTTOM: #000000 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>275,915 </FONT></B></P>
</TD>
     <TD style="BORDER-TOP: #000000 1px solid; HEIGHT: 12.75pt; BORDER-BOTTOM: #000000 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>77,839 </FONT></B></P>
</TD>
     <TD style="BORDER-TOP: #000000 1px solid; HEIGHT: 12.75pt; BORDER-BOTTOM: #000000 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="18%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(252,694)</FONT></B></P>
</TD>
     <TD style="BORDER-TOP: #000000 1px solid; HEIGHT: 12.75pt; BORDER-BOTTOM: #000000 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>739,293 </FONT></B></P>
</TD></TR></TABLE>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>The provision for tax, social security, labor, civil and environmental liabilities was estimated by management and is mainly based on the legal counsel&#8217;s assessment. Only proceedings for which the risk is classified as probable loss are accrued. Moreover, this provision includes tax liabilities resulting from contingencies filed by the Company, subject to SELIC (Central Bank&#8217;s policy rate).</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in; LINE-HEIGHT: 116%; TEXT-INDENT: -0.25in"><FONT style="LINE-HEIGHT: 116%" face=wingdings><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=wingdings>&#167;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LAYOUT-GRID-MODE: line" face="times new roman">&nbsp; </FONT></FONT><FONT style="LINE-HEIGHT: 116%"><U><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>Other administrative and judicial proceedings</FONT></U></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; TEXT-DECORATION: none; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>The table below shows a summary of the balance of the main legal matters compared with the balance at December 31, 2014 and the period ended September 30, 2015. The increase in the other instances substantially reflects the monetary adjustment. </FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>9/30/2015</FONT></B></P>
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     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>12/31/2014</FONT></B></P>
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<TR style="HEIGHT: 22.5pt">
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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Tax assessment notice issued against the Company for an alleged sale of 40% of the shares of its joint venture NAMISA to a Japanese-Korean consortium,</FONT></P>
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     <TD style="HEIGHT: 22.5pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt" face=calibri,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 22.5pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>7,538,719 </FONT></P>
</TD>
     <TD style="HEIGHT: 22.5pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 22.5pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>7,068,252 </FONT></P>
</TD></TR>
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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Tax foreclosures - ICMS - Electricity credits</FONT></P>
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     <TD style="HEIGHT: 15.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>806,687 </FONT></P>
</TD>
     <TD style="HEIGHT: 15.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 15.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>742,727 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 15.95pt">
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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Installments MP 470 - alleged insufficiency of tax losses</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt" face=calibri,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 15.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>567,280 </FONT></P>
</TD>
     <TD style="HEIGHT: 15.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 15.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>521,340 </FONT></P>
</TD></TR>
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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Offset of taxes that were not approved by the Federal Revenue Service - IRPJ/CSLL, PIS/COFINS e IPI </FONT></P>
</TD>
     <TD style="HEIGHT: 15.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 15.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>952,019 </FONT></P>
</TD>
     <TD style="HEIGHT: 15.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 15.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>523,171 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 15.95pt">
     <TD style="HEIGHT: 15.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="72%">
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Assessment notice for an alleged nonpayment of taxes- IRPJ/CSLL - foreign subsidiaries (2010)</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt" face=calibri,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 15.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>517,333 </FONT></P>
</TD>
     <TD style="HEIGHT: 15.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 15.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>476,316 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 15.95pt">
     <TD style="HEIGHT: 15.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="72%" noWrap>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Disallowance of the ICMS credits - Transfer of iron ore</FONT></P>
</TD>
     <TD style="HEIGHT: 15.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 15.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>489,646 </FONT></P>
</TD>
     <TD style="HEIGHT: 15.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 15.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>446,907 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 15.95pt">
     <TD style="HEIGHT: 15.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="72%">
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Disallowance of the ICMS credits - ICMS - acquisition of subsidiary</FONT></P>
</TD>
     <TD style="HEIGHT: 15.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt" face=calibri,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 15.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>279,714 </FONT></P>
</TD>
     <TD style="HEIGHT: 15.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 15.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>257,536 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 22.5pt">
     <TD style="HEIGHT: 22.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>ICMS - Refers to the transfer of imported raw material at an amount lower than the price disclosed in the import documentation</FONT></P>
</TD>
     <TD style="HEIGHT: 22.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 22.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>250,090 </FONT></P>
</TD>
     <TD style="HEIGHT: 22.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 22.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>230,261 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 15.95pt">
     <TD style="HEIGHT: 15.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Disallowance of the tax losses arising on adjustments to the SAPLI </FONT></P>
</TD>
     <TD style="HEIGHT: 15.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt" face=calibri,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 15.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>395,331 </FONT></P>
</TD>
     <TD style="HEIGHT: 15.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 15.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>362,489 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 15.95pt">
     <TD style="HEIGHT: 15.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="72%">
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Other tax (federal, state, and municipal) lawsuits.</FONT></P>
</TD>
     <TD style="HEIGHT: 15.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 15.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>2,606,483 </FONT></P>
</TD>
     <TD style="HEIGHT: 15.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 15.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>2,870,796 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 21pt">
     <TD style="HEIGHT: 21pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Social security lawsuits</FONT></P>
</TD>
     <TD style="HEIGHT: 21pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face=calibri,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 21pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>291,371 </FONT></P>
</TD>
     <TD style="HEIGHT: 21pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 21pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>299,341 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 15.95pt">
     <TD style="HEIGHT: 15.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="72%">
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Annulment action filed by CSN against CADE</FONT></P>
</TD>
     <TD style="HEIGHT: 15.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 15.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>68,856 </FONT></P>
</TD>
     <TD style="HEIGHT: 15.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 15.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>63,463 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 15.95pt">
     <TD style="HEIGHT: 15.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="72%">
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Other civil lawsuits</FONT></P>
</TD>
     <TD style="HEIGHT: 15.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face=calibri,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 15.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>550,749 </FONT></P>
</TD>
     <TD style="HEIGHT: 15.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 15.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>382,641 </FONT></P>
</TD></TR>
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     <TD style="HEIGHT: 15.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="72%">
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Labor and social security lawsuits</FONT></P>
</TD>
     <TD style="HEIGHT: 15.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 15.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1,032,642 </FONT></P>
</TD>
     <TD style="HEIGHT: 15.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 15.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1,069,663 </FONT></P>
</TD></TR>
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     <TD style="HEIGHT: 19.5pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="72%">
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Environmental lawsuits</FONT></P>
</TD>
     <TD style="HEIGHT: 19.5pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face=calibri,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 19.5pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>357,684 </FONT></P>
</TD>
     <TD style="HEIGHT: 19.5pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 19.5pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>115,024 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 15.95pt">
     <TD style="HEIGHT: 15.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="72%">&nbsp;</TD>
     <TD style="HEIGHT: 15.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 15.95pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>16,704,604 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 15.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 15.95pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>15,429,927 </FONT></B></P>
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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>The assessments made by the legal counsel define these administrative and judicial proceedings as entailing risk of possible loss and, therefore, no provision was recorded in conformity with Management&#8217;s judgment and accounting practices adopted in Brazil.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face=Arial>PAGE 62 of 86</FONT></P>
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     <TD width="75%" colSpan=2><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE </FONT></B></TD>
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     <TD width="65%"><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>ITR &#8211;&#8211; </FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Quarterly</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> Financial </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Information</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> -</FONT><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>September</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> 30, 2015 &#8211; CIA SIDERURGICA NACIONAL</FONT></FONT></TD>
     <TD width="10%"><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face=Arial,sans-serif>Version:1</FONT></TD></TR></TABLE>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 8pt" face="Times New Roman"></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif><FONT style="LINE-HEIGHT: 115%"><B><U><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>Environmental proceedings</FONT></U></B></FONT></FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>The environmental proceedings have high complexity for estimating the amount at risk, as they must be considered, among several aspects, procedural developments, the extent of damage and the remediation costs&#180; projection.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT face=Arial></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>During the second quarter 2015, in line with the Company's accounting policy of ongoing evaluation of the ongoing proceedings, management, supported by its internal and external legal counsel, reevaluated their environmental contingencies. As a result of this work, there was an increase of possible risk in R$187,886.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT face=Arial></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>There are other environmental proceedings to which it is not yet possible to assess the risk and contingency amount due to the aforementioned complexity estimation, the peculiarities of the matters which concern them and their procedural stages.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in; LINE-HEIGHT: 116%; TEXT-INDENT: -0.25in"><FONT style="LINE-HEIGHT: 116%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif>16.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LAYOUT-GRID-MODE: both" face="times new roman">&nbsp;&nbsp; </FONT></B></FONT><FONT style="LINE-HEIGHT: 116%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif>PROVISION FOR ENVIRONMENTAL LIABILITIES AND ASSET RETIREMENT OBLIGATION - ARO</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>The information related to provisions for environmental liabilities and asset retirement obligation - ARO did not have significant changes in relation to that disclosed in the Company's financial statements as of December 31, 2014.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>The balance of the provision for environmental liabilities and asset retirement obligation - ARO is as follows:</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Consolidated</FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Parent Company</FONT></B></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>9/30/2015</FONT></B></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>12/31/2014</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>9/30/2015</FONT></B></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>12/31/2014</FONT></B></P>
</TD></TR>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Environmental liabilities</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>211,480 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>211,544 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>211,480 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>211,544 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="29%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Asset retirement obligations</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>29,477 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>26,995 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>23,796 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>21,718 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="29%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>240,957 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>238,539 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>235,276 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>233,262 </FONT></B></P>
</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in; LINE-HEIGHT: 116%; TEXT-INDENT: -0.25in"><FONT style="LINE-HEIGHT: 116%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif>17.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LAYOUT-GRID-MODE: both" face="times new roman">&nbsp;&nbsp; </FONT></B></FONT><FONT style="LINE-HEIGHT: 116%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif>RELATED-PARTY BALANCES AND TRANSACTIONS </FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif>The information related to related-party transactions did not have significant changes in relation to that disclosed in the Company's financial statements as of December 31, 2014.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif>17 a) Transactions with Holding Company</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%; TEXT-INDENT: -0.55pt"><FONT style="LINE-HEIGHT: 116%" face=symbol><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LAYOUT-GRID-MODE: line" face="times new roman">&nbsp; </FONT></FONT><FONT style="LINE-HEIGHT: 116%" face=arial,sans-serif><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=arial,sans-serif>Liabilities</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>
<TR style="HEIGHT: 12pt">
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=2 width="58%">
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Companies</FONT></B></P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Proposed</FONT></B></P>
</TD>
     <TD width="2%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Paid </FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 15pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Dividends</FONT></B></P>
</TD>
     <TD width="2%">
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 15pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%">
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Dividends</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="58%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Vicunha A&#231;os (*)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%" align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-COLOR: #dce6f1" vAlign=bottom width="2%" align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>&nbsp;&nbsp;</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>282,571 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="58%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Rio Iaco</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%" align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD vAlign=bottom width="2%" align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="20%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=#000000 face=arial,sans-serif>23,568 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="58%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Total at 9/30/2015</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-COLOR: #dce6f1" width="2%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>306,139 </FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="58%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Total at 12/31/2014</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: white; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>152,966 </FONT></B></P>
</TD>
     <TD width="2%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>220,349 </FONT></B></P>
</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif>(*) As of June 30, 2015 Vicunha Steel began to directly control CSN due to the merger of Vicunha Siderurgia by Vicunha A&#231;os on that date.</FONT></FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face=Arial>PAGE 63 of 86</FONT></P>
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     <TD width="75%" colSpan=2><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE </FONT></B></TD>
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     <TD width="65%"><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>ITR &#8211;&#8211; </FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Quarterly</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> Financial </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Information</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> -</FONT><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>September</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> 30, 2015 &#8211; CIA SIDERURGICA NACIONAL</FONT></FONT></TD>
     <TD width="10%"><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face=Arial,sans-serif>Version:1</FONT></TD></TR></TABLE>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 8pt" face="Times New Roman"></FONT>&nbsp;</P>
</DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif>17 b) Transactions with subsidiaries, jointly controlled entities, associates, exclusive funds and other related parties</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 21.3pt; LINE-HEIGHT: 116%; TEXT-INDENT: -21.3pt"><FONT style="LINE-HEIGHT: 116%" face=symbol><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LAYOUT-GRID-MODE: both" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT><FONT style="LINE-HEIGHT: 116%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif>By transaction</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 21.3pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif></FONT></B></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="23%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="59%" colSpan=8 noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Consolidated</FONT></B></P>
</TD></TR>
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     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="23%" noWrap>&nbsp;</TD>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Current </FONT></B></P>
</TD>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="20%" colSpan=2>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Non-Current </FONT></B></P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="25%" colSpan=3>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Total</FONT></B></P>
</TD></TR>
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     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="23%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>09/30/2015</FONT></B></P>
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     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>12/31/2014</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>09/30/2015</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>12/31/2014</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>09/30/2015</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>12/31/2014</FONT></B></P>
</TD></TR>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Assets</FONT></B></P>
</TD>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="23%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Trade receivables <SUP>(note 5)</SUP></FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>197,116 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>153,737 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>197,116 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>153,737 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="23%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Dividends receivable <SUP>(note 5)</SUP></FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>74,106 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>59,470 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>74,106 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>59,470 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="23%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Actuarial asset</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>97,189 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>97,173 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>97,189 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>97,173 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="23%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Loans <SUP>(note 7)</SUP></FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>144,053 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>517,493 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>198,921 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>117,357 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>342,974 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>634,850 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="23%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Other receivables <SUP>(note 7)</SUP></FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>12,660 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>15,780 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>29,020 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>7,037 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>41,680 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>22,817 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="23%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>427,935 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>746,480 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>325,130 </FONT></B></P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>221,567 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>753,065 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>968,047 </FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="23%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Liabilities</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>&nbsp;</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="23%">
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Other payables <SUP>(Note 13)</SUP></FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="23%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 16pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Accounts payable</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>4,077 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>2,681 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>546 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>546 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>4,623 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>3,227 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="23%">
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 16pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Advances from customers</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>486,836</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>247,077 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>9,322,903</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>9,236,170 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>9,809,739 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>9,483,247 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="23%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Trade payables</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" face=Arial>211,940</FONT> </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>63,165 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>211,940</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>63,165 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="23%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Actuarial liabilities</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>11,287 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>11,275 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>11,287 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>11,275 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="23%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>702,853</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>312,923 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>9,334,736</FONT></B></P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>9,247,991 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>10,037,589</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>9,560,914 </FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="23%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>09/30/2015</FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>09/30/2014</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Statement of income</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Revenues</FONT></B></P>
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<TR style="HEIGHT: 12.95pt">
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<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 16pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Sales</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>564,794 </FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>882,721 </FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 16pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Interest </FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>52,587 </FONT></P>
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     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>36,442 </FONT></P>
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<TR style="HEIGHT: 12.95pt">
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<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Expenses</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 16pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Purchases</FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(896,414)</FONT></P>
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     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(650,330)</FONT></P>
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     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>&nbsp;</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="23%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 16pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Interest </FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(375,316)</FONT></P>
</TD>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(332,035)</FONT></P>
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     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
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<TR style="HEIGHT: 12.95pt">
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(654,349)</FONT></B></P>
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     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(63,202)</FONT></B></P>
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<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face=Arial>PAGE 64 of 86</FONT></P>
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     <TD width="75%" colSpan=2><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE </FONT></B></TD>
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     <TD width="65%"><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>ITR &#8211;&#8211; </FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Quarterly</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> Financial </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Information</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> -</FONT><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>September</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> 30, 2015 &#8211; CIA SIDERURGICA NACIONAL</FONT></FONT></TD>
     <TD width="10%"><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face=Arial,sans-serif>Version:1</FONT></TD></TR></TABLE>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 8pt" face="Times New Roman"></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 21.3pt; LINE-HEIGHT: 116%; TEXT-INDENT: -21.3pt"><FONT style="LINE-HEIGHT: 116%" face=symbol><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LAYOUT-GRID-MODE: both" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT><FONT style="LINE-HEIGHT: 116%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif>By company</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 21.3pt; LINE-HEIGHT: 116%; TEXT-INDENT: -21.3pt">&nbsp;</P>
<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>
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     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="16%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="82%" colSpan=19 noWrap><FONT style="FONT-FAMILY: Arial">
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt"></FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-FAMILY: Arial"><FONT style="FONT-SIZE: 8pt">Consolidated</FONT></FONT></B></P>
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     <TD style="BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" rowSpan=3 width="16%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="24%" colSpan=5>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">Assets</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%"><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="22%" colSpan=5>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">Liabilities</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%"><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="32%" colSpan=7>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">Statement of Income</FONT></B></P>
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     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" rowSpan=2 width="7%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">Current</FONT></B></P>
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     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" rowSpan=2 width="7%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">Non-current</FONT></B></P>
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     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" rowSpan=2 width="7%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">Total</FONT></B></P>
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     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%"><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" rowSpan=2 width="6%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">Current</FONT></B></P>
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     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" rowSpan=2 width="7%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">Non-current</FONT></B></P>
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     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%"><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" rowSpan=2 width="7%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">Total</FONT></B></P>
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     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%"><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" rowSpan=2 width="6%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">Sales</FONT></B></P>
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     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%"><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" rowSpan=2 width="7%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">Purchases</FONT></B></P>
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     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" rowSpan=2 width="8%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">Finance income and costs. net</FONT></B></P>
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     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" rowSpan=2 width="7%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">Total</FONT></B></P>
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<TR style="HEIGHT: 33pt">
     <TD style="HEIGHT: 33pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 33pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 33pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 33pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%"><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 33pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 33pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%"><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 33pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%"><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 33pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%"><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 33pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 33pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="16%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">Subsidiaries</FONT></B></P>
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     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt"></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt"></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt"></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt"></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt"></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt"></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt"></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt"></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt"></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt"></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt"></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt"></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt"></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt"></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt"></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt"></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt"></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt"></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt"></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt"></FONT></B>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="16%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial" face=arial.sans-serif>Ferrovia Transnordestina Log&#237;stica S.A.<SUP> (1)</SUP></FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">79,499</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">49,360</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">128,859</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">(3,419)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">11,461</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">8,042</FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="16%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">Outras </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">1,963</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">1,963</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="16%"><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">81,462 </FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">49,360 </FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">130,822 </FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt"></FONT></B>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt"></FONT></B>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt"></FONT></B>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt"></FONT></B>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">(3,419)</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">11,461 </FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">8,042 </FONT></B></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="16%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">Joint ventures</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt"></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt"></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt"></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt"></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt"></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt"></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt"></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt"></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt"></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt"></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt"></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt"></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt"></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt"></FONT></B>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="16%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">CGPAR Constru&#231;&#227;o Pesada S.A.</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">4,819</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">4,819</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">34,626</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">34,626</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">(76,013)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">(76,013)</FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="16%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial" face=arial.sans-serif>Nacional Min&#233;rios S.A.<SUP> (2)</SUP></FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">148,212</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">148,212</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">616,446</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">9,323,449</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">9,939,895</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">79,425</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">(159,733)</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">(367,559)</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">(447,867)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="16%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">MRS Log&#237;stica S.A.</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">39,626</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">39,626</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">13,115</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">13,115</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">(525,481)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">(525,481)</FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="16%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">CBSI - Companhia Brasileira de Servi&#231;os e Infraestrutura</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">4,031</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">4,031</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">15,298</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">15,298</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">34</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">(126,265)</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">(126,231)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="16%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial" face=arial.sans-serif>Transnordestina Log&#237;stica S.A.<SUP> (3)</SUP></FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">64,555</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">133,040</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">197,595</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">23,140</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">23,140</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">15,991</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">15,991</FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="16%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt"></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt"></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">261,243</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt"></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">133,040</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt"></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">394,283</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt"></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">702,625</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt"></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">9,323,449</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt"></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">10,026,074</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt"></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">79,459</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt"></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">(887,492)</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt"></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">(351,568)</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt"></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">(1,159,601)</FONT></B></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="16%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">Other related parties</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="16%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">CBS Previd&#234;ncia</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">97,189</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">97,189</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">11,287</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">11,287</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="16%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">Funda&#231;&#227;o CSN</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">228</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">228</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">(1,701)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">3</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">(1,698)</FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="16%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">Banco Fibra</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">15,592</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">15,592</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="16%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">Usiminas</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">1,441</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">1,441</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">12,289</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">(1,230)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">11,059</FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="16%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">Panatl&#226;ntica</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">83,789</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">83,789</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">471,659</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">471,659</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="16%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">Ibis Participa&#231;&#245;es e Servi&#231;os</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">(2,442)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">(2,442)</FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="16%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">Taquari Participa&#231;&#245;es S.A.</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">(130)</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">(130)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="16%"><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">85,230</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">97,189</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">182,419</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">228</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">11,287</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">11,515</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">483,948</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">(5,503)</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">15,595</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">494,040</FONT></B></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="16%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">Associates</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="16%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">Arvedi Metalfer do Brasil S.A.</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">45,541</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">45,541</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">1,387</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">1,783</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">3,170</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="16%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">Total at 9/30/2015</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt"></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">427,935</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt"></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">325,130</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt"></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">753,065</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt"></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">702,853</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt"></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">9,334,736</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt"></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">10,037,589</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt"></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">564,794</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt"></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">(896,414)</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt"></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">(322,729)</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt"></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">(654,349)</FONT></B></P>
</TD></TR>
<TR>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="16%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">Total at 12/31/2014</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">746,480</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">221,567</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">968,047</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">312,923</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">9,247,991</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">9,560,914</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt"></FONT></B>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt"></FONT></B>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt"></FONT></B>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt"></FONT></B>&nbsp;</P>
</TD></TR>
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     <TD style="BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="16%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">Total at 9/30/2014</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt"></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt"></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt"></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt"></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt"></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt"></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt"></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt"></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt"></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt"></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt"></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt"></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt"></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">882,721</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt"></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">(650,330)</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt"></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">(295,593)</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt"></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">(63,202)</FONT></B></P>
</TD></TR></TABLE>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 10pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>1.</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LAYOUT-GRID-MODE: line" face="times new roman">&nbsp;&nbsp; </FONT></FONT><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>Refers to loans of the subsidiary FTL - Ferrovia Transnordestina Log&#237;stica S.A to the joint venture Transnordestina Log&#237;stica S.A. The contract has a 102.5% of CDI interest rate and maturity expected in June 2017.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 14.2pt; LINE-HEIGHT: 116%; TEXT-INDENT: -14.2pt"><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif>2.</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LAYOUT-GRID-MODE: both" face="times new roman">&nbsp;&nbsp; </FONT></FONT><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>Nacional Min&#233;rios S.A: </FONT><I><U><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>Asset:</FONT></U></I><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif> Refers mainly to accounts receivable in the amount of R$110,150 (R$80,003 as of December 31, 2014) related to iron ore purchases. </FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 14.2pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 14.2pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><I><U><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>Liability:</FONT></U></I></FONT><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif> Refers mainly to t</FONT></FONT><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif>he advance from customer received from joint venture Nacional Min&#233;rios S.A. regarding the contractual obligation of supply of iron ore and port services. The contract is subject to interest rate of 12.5% p.a. and expires in September 2042.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 14.2pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>As disclosed in note 8.c), the Company signed an investment agreement for the new strategic alliance formed with the Asian Consortium. During the procedures required to close the transaction, the interest established in the agreements was canceled; however, a resolutive condition was introduced to reinstate the collection of interest retrospectively if the deal is not closed. However, since CSN holds 60% stake in Namisa, the Company began to accrue 40% interest provided for in contracts that would be due to Asian partners, in the case the deal does not occur.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 14.2pt; LINE-HEIGHT: 116%; TEXT-INDENT: -14.2pt"><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>3.</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LAYOUT-GRID-MODE: line" face="times new roman">&nbsp;&nbsp; </FONT></FONT><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>Transnordestina Log&#237;stica S.A: Refers mainly to contracts in R$: interest equivalent to 108.0% of CDI with final maturity in June 2017. As of September 30, 2015, borrowings total R$197,595 (R$141,358 as of December 31, 2014) </FONT></FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face=Arial>PAGE 65 of 86</FONT></P>
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     <TD width="75%" colSpan=2><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE </FONT></B></TD>
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     <TD width="65%"><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>ITR &#8211;&#8211; </FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Quarterly</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> Financial </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Information</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> -</FONT><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>September</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> 30, 2015 &#8211; CIA SIDERURGICA NACIONAL</FONT></FONT></TD>
     <TD width="10%"><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face=Arial,sans-serif>Version:1</FONT></TD></TR></TABLE>
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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 21.3pt; LINE-HEIGHT: 116%; TEXT-INDENT: -21.3pt"><FONT style="LINE-HEIGHT: 116%" face=symbol><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LAYOUT-GRID-MODE: both" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT><FONT style="LINE-HEIGHT: 116%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif>By transaction</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 21.3pt; LINE-HEIGHT: 116%; TEXT-INDENT: -21.3pt">&nbsp;</P>
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     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="29%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
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     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="23%" colSpan=3 noWrap><FONT style="FONT-FAMILY: Arial"></FONT><FONT style="FONT-FAMILY: Arial"></FONT>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">Parent Company</FONT></B></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">Current</FONT></B></P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt"></FONT></B>&nbsp;</P>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">Non-Current</FONT></B></P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt"></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="23%" colSpan=3>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">Total</FONT></B></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="29%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">9/30/2015</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">12/31/2014</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">9/30/2015</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="11%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">12/31/2014</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">9/30/2015</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">12/31/2014</FONT></B></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="29%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">Assets</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt"></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="11%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="12%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="29%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial" face=arial.sans-serif>Trade receivables <SUP>(1) (note 5)</SUP></FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">2,312,798</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">969,343 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="11%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">2,312,798 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="12%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">969,343</FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="29%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial" face=arial.sans-serif>Dividends receivable <SUP>(note 5)</SUP></FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">91,419</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">67,553 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="11%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">91,419 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="12%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">67,553</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="29%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">Actuarial asset</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">97,189</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="11%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">96,914 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">97,189</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="12%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">96,914</FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="29%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial" face=arial.sans-serif>Loans <SUP>(note 7)</SUP></FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">64,555</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">106,218 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">149,562</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="11%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">52,619 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">214,117 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="12%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">158,837</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="29%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial" face=arial.sans-serif>Short-term investments / Investments <SUP>(2)</SUP></FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">2,024,735</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">396,914 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">58,533</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="11%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">87,475 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">2,083,268</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="12%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">484,389</FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="29%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial" face=arial.sans-serif>Other receivables <SUP>(3) (note 7)</SUP></FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">83,822</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">168,035 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">334,062</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="11%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">329,330 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">417,884</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="12%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">497,365</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="29%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">4,577,329</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">1,708,063</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">639,346</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="11%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">566,338</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">5,216,675</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="12%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">2,274,401</FONT></B></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="29%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">Liabilities</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="11%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="12%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="29%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">Borrowings and financing</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="11%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="12%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="29%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 16pt"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial" face=arial.sans-serif>Prepayment<SUP> (note11)</SUP></FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">76,088</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">146,504 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">7,315,301</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="11%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">5,156,481 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">7,391,389</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="12%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">5,302,985</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="29%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 16pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-FAMILY: Arial" face=arial.sans-serif>Fixed rate notes and intercompany bonds <SUP>(Note 11)</SUP></FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">87,346</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">1,187,610 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">4,127,090</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="11%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">1,593,720 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">4,214,436</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="12%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">2,781,330</FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="29%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 16pt"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial" face=arial.sans-serif>Intercompany borrowings<SUP> (note11)</SUP></FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">1,941,281</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">222,525 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">3,378,454</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="11%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">2,670,457 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">5,319,735</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="12%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">2,892,982</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="29%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial" face=arial.sans-serif>Other payables <SUP>(Note 13)</SUP></FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="11%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="12%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="29%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 16pt"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial" face=arial.sans-serif>Accounts payable <SUP>(4)</SUP></FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">143,536</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">62,536 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">146,060</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="11%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">574,478 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">289,596</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="12%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">637,014</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="29%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 16pt"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial" face=arial.sans-serif>Advances from customers <SUP>(5)</SUP></FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">486,839</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">277,077 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">9,322,903</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="11%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">9,236,170 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">9,809,742</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="12%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">9,513,247</FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="29%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 16pt"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial" face=arial.sans-serif>Exclusive funds <SUP>(note 13)</SUP></FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">76,256</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="11%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">76,256</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="12%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="29%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">Trade payables</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">251,348</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">250,104 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="11%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">251,348</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="12%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">250,104</FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="29%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">Actuarial liability</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">11,287</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="11%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">11,260 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">11,287</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="12%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">11,260</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="29%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">3,062,694</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">2,146,356</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">24,301,095</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="11%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">19,242,566</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">27,363,789</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="12%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">21,388,922</FONT></B></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="29%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="11%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="12%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="29%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">9/30/2015</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">9/30/2014</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="11%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="12%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="29%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">Statement of Income</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt"></FONT></B>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="11%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="12%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="29%">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">Revenues</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="11%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="12%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="29%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 16pt"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">Sales</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">4,508,821</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">4,345,410 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="11%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="12%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="29%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 16pt"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">Interest </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">18,002</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">10,033 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="11%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="12%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="29%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 16pt"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">Exclusive funds</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">1,064,805</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">56,341 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="11%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="12%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="29%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 16pt"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="11%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="12%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="29%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">Expenses</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="11%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="12%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="29%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 16pt"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">Purchases</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">(1,373,312)</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">(982,443)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="11%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="12%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="29%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 16pt"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">Interest </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">(1,137,175)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">(1,279,220)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="11%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="12%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="29%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 16pt"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">Exchange differences. net</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">(3,989,244)</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt"></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">(395,695)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="11%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="12%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="29%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap align=right><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="11%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="12%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="29%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt"></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt"></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: #000000 1px solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">(908,103)</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt"></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: #000000 1px solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">1,754,426</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="11%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="9%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="12%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD></TR></TABLE>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%">&nbsp;</P>
<DIV align=left><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></FONT>&nbsp;</DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 14.2pt; LINE-HEIGHT: 116%; TEXT-INDENT: -14.2pt"><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>1.</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LAYOUT-GRID-MODE: line" face="times new roman">&nbsp;&nbsp; </FONT></FONT><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>The related parties receivables arise from product sales and service transactions between the parent, subsidiaries and joint ventures.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0in 14.2pt; LINE-HEIGHT: 116%; TEXT-INDENT: -14.2pt"><FONT style="LINE-HEIGHT: 116%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>2.</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" face="times new roman">&nbsp;&nbsp; </FONT></FONT><FONT style="LINE-HEIGHT: 116%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Short-term investments total R$2,024,735 as of September 30, 2015 (R$396,914 as of December 31, 2014) and investments in Usiminas shares classified as available-for-sale total R$58,533 (R$87,475 as of December 31, 2014).</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0in 14.2pt; LINE-HEIGHT: 116%; TEXT-INDENT: -14.2pt"><FONT style="LINE-HEIGHT: 116%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>3.</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" face="times new roman">&nbsp;&nbsp; </FONT></FONT><FONT style="LINE-HEIGHT: 116%" face=arial,sans-serif><U><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Current:</FONT></U></FONT><FONT style="LINE-HEIGHT: 116%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif> refers mainly to the assignment of credits from tax losses with the companies Sepetiba Tecon, CSN Energia, Companhia Metal&#250;rgica Prada, FTL &#8211; Ferrovia Transnordestina Log&#237;stica, Companhia Brasileira de Latas, Rimet, and Companhia de Embalagens Met&#225;licas MMSA.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 14.2pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><U><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Non-current</FONT></U></FONT><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>: refer refers mainly to the advance for future capital increase with the companies Transnordestina Log&#237;stica, FTL &#8211; Ferrovia Transnordestina, CSN Energia, and Companhia Florestal do Brasil.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 14.2pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">4.&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Non &#8211;current:</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Reduction by the write-off of the liability relating to purchase of clinker plant due to the merger of subsidiary CSN Cimentos, in the amount of R$403,431 as described in note 8.</FONT></P>
<P style="MARGIN: 0in 0in 0pt 14.2pt; TEXT-INDENT: -14.2pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>5.&nbsp; Nacional Min&#233;rios S.A.: Advance from customer of the joint venture Nacional Min&#233;rios S.A., as mentioned above.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 21.3pt; LINE-HEIGHT: 116%; TEXT-INDENT: -21.3pt">&nbsp;</P>
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<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face=Arial>PAGE 66 of 86</FONT></P>
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     <TD width="75%" colSpan=2><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE </FONT></B></TD>
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     <TD width="65%"><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>ITR &#8211;&#8211; </FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Quarterly</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> Financial </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Information</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> -</FONT><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>September</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> 30, 2015 &#8211; CIA SIDERURGICA NACIONAL</FONT></FONT></TD>
     <TD width="10%"><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face=Arial,sans-serif>Version:1</FONT></TD></TR></TABLE>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 8pt" face="Times New Roman"></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=arial,sans-serif></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>&nbsp;<FONT style="LINE-HEIGHT: 116%" face=symbol><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LAYOUT-GRID-MODE: both" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT><FONT style="LINE-HEIGHT: 116%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif>By company</FONT></B></FONT></FONT></FONT></P>
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     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="23%" noWrap>&nbsp;</TD>
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     <TD style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="76%" colSpan=21 noWrap>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Parent Company</FONT></B></P>
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     <TD style="BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" rowSpan=3 width="23%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="20%" colSpan=5>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Assets</FONT></B></P>
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     <TD style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="20%" colSpan=5>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Liabilities</FONT></B></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Statement of Income</FONT></B></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Current</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" rowSpan=2 width="6%">
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Non-current</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" rowSpan=2 width="6%">
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Total</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" rowSpan=2 width="6%">
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Current</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" rowSpan=2 width="6%">
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Non-current</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" rowSpan=2 width="6%">
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Total</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" rowSpan=2 width="6%">
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Sales</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" rowSpan=2 width="6%">
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Purchases</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" rowSpan=2 width="6%">
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Finance income and costs, net</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" rowSpan=2 width="6%">
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Exchange differences, net</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" rowSpan=2 width="6%">
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Total</FONT></B></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%">&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%">&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%">&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%">&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>&nbsp;</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="23%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Subsidiaries</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="23%">
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Companhia Metalic Nordeste</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1,040 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1,040 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>5,440 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>5,440 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>50,574 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(845)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>49,729 </FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="23%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Companhia Metal&#250;rgica Prada<SUP> </SUP></FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>161,939 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>121,336 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>283,275 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>16,565 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>195 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>16,760 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>745,000 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(116,313)</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>628,687 </FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="23%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>CSN Cimentos S.A. </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>62,028 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(1,800)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(14,691)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>45,537 </FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="23%">
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Estanho de Rond&#244;nia S.A.</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>9,415 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>9,415 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1,147 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1,147 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(10,770)</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(10,770)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="23%">
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Companhia Florestal do Brasil</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>13,188 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>13,188 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>&nbsp;</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="23%">
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Sepetiba Tecon S.A.</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>10,895 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>77,189 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>88,084 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>24,742 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>24,742 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>2,808 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(9,400)</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>226 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(6,366)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="23%">
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Congonhas Min&#233;rios S.A.<SUP> (1)</SUP></FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>667,222 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1,225,464 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1,892,686 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(199,924)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(199,924)</FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="23%">
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>CSN Energia S.A.</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(206,628)</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(206,628)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="23%">
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Ferrovia Transnordestina Log&#237;stica S.A.</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>3,128 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>15,526 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>18,654 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>124,697 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>124,697 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>56 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>56 </FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="23%">
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>ITA Energ&#233;tica S.A</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>9,719 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>9,719 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="23%">
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Companhia Brasileira de Latas</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>119,626 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>77,804 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>197,430 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>15,938 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>15,938 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>60,010 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(1,840)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>58,170 </FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="23%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Companhia Sider&#250;rgica Nacional, LLC <SUP>(2)</SUP></FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>900,217 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>900,217 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>924,491 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(17,254)</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>238,650 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1,145,887 </FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="23%">
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>CSN Europe Lda.</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>11,043 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>122,046 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>133,089 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(4,584)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(40,448)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(45,032)</FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="23%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>CSN Resources S.A. <SUP>(3)</SUP></FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1,390,488 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>9,438,063 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>10,828,551 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(443,694)</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(3,560,179)</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(4,003,873)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="23%">
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>CSN Export Europe, S.L.</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(1,018)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(4,826)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(5,844)</FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="23%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Lusosider A&#231;os Planos, S.A.</FONT></P>
</TD>
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<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>288,017 </FONT></P>
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     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>288,017 </FONT></P>
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     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>176,656 </FONT></P>
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     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>68,719 </FONT></P>
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     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>245,375 </FONT></P>
</TD></TR>
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     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="23%">
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>CSN Handel GmbH <SUP>(4)</SUP></FONT></P>
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     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>645,958 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>645,958 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>138,205 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>138,205 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1,922,404 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>194,414 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>2,116,818 </FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="23%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>CSN Islands XI Corp.</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1,271,328 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1,271,328 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(140,829)</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(140,829)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="23%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>CSN Islands XII Corp. <SUP>(5)</SUP></FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>35,962 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>2,679,721 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>2,715,683 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(97,693)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(744,572)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(842,265)</FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="23%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>CSN Ib&#233;ria Lda.</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>104,845 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>104,845 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(1,589)</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(34,464)</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(36,053)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="24%" colSpan=2 noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Companhia de Embalagens Met&#225;licas MMSA </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>44,859 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>44,859 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>&nbsp;</TD>
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     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>&nbsp;</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="23%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Stahlwerk Th&#252;ringen GmbH</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
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</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
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</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
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</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
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</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(43,439)</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(43,439)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="23%">&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>2,194,813 </FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>305,043 </FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>2,499,856 </FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>2,306,752 </FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>14,966,359 </FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>17,273,111 </FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>3,944,027 </FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(408,289)</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(762,967)</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(4,023,535)</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(1,250,764)</FONT></B></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="23%">
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Joint ventures</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="23%">
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>CGPAR Constru&#231;&#227;o Pesada S.A.</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>16,127 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>16,127 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>34,626 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>34,626 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(152,026)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(152,026)</FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="23%">
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Nacional Min&#233;rios S.A. </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>148,212 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>148,212 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>616,419 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>9,323,449 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>9,939,868 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>79,439 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(159,733)</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(373,983)</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>34,291 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(419,986)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="23%">
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>MRS Log&#237;stica S.A.</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>39,626 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>39,626 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>13,115 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>13,115 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(521,496)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(521,496)</FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="23%">
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>CBSI - Companhia Brasileira de Servi&#231;os e Infraestrutura</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>4,031 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>4,031 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>15,298 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>15,298 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>20 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(126,265)</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(126,245)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="23%">
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Transnordestina Log&#237;stica S.A.</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>64,555 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>133,040 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>197,595 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>15,991 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>15,991 </FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="23%">
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>272,551 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>133,040 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>405,591 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>679,458 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>9,323,449 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>10,002,907 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>79,459 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(959,520)</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(357,992)</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>34,291 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(1,203,762)</FONT></B></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="23%">
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Other related parties</FONT></B></P>
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     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>&nbsp;</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="23%">
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>CBS Previd&#234;ncia</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>97,189 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>97,189 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>11,287 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>11,287 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="23%">
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Funda&#231;&#227;o CSN</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>228 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>228 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(1,701)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>3 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(1,698)</FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="23%">
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Usiminas</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1,441 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1,441 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>12,289 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(1,230)</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>11,059 </FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="23%">
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Panatl&#226;ntica</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>83,789 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>83,789 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>471,659 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>471,659 </FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="23%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Ibis Participa&#231;&#245;es e Servi&#231;os </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(2,442)</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(2,442)</FONT></P>
</TD></TR>
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     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="23%">
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Taquari Participa&#231;&#245;es S.A.</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(130)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(130)</FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="23%">
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>85,230 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>97,189 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>182,419 </FONT></B></P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>228 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>11,287 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>11,515 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>483,948 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(5,503)</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>3 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>478,448 </FONT></B></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="23%">
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Associates</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap>&nbsp;</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="23%">
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Arvedi Metalfer do Brasil S.A.</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>45,541 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>45,541 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1,387 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1,783 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>3,170 </FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="23%">&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap>&nbsp;</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="23%">
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Exclusive funds</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="23%">
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Diplic, Mugen, V&#233;rtice e VR1</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>2,024,735 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>58,533 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>2,083,268 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>76,256 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>76,256 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1,064,805 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1,064,805 </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="23%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Total at 9/30/2015</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>4,577,329 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>639,346 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>5,216,675 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>3,062,694 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>24,301,095 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>27,363,789 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>4,508,821 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(1,373,312)</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(54,368)</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(3,989,244)</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(908,103)</FONT></B></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="23%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Total at 12/31/2014</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1,708,063 </FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>566,338 </FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>2,274,401 </FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>2,146,356 </FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>19,242,566 </FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>21,388,922 </FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>&nbsp;</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="23%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Total at 9/30/2014</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>4,345,410 </FONT></B></P>
</TD>
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<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(982,443)</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(1,212,846)</FONT></B></P>
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     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(395,695)</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="1%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 1.5pt; PADDING-RIGHT: 1.5pt" width="6%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1,754,426 </FONT></B></P>
</TD></TR></TABLE><FONT lang=PT-BR style="FONT-SIZE: 11pt" face=Calibri,sans-serif></FONT></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 21.3pt; LINE-HEIGHT: 116%; TEXT-INDENT: -21.3pt"><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><I><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></I></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 14.2pt; LINE-HEIGHT: 116%; TEXT-INDENT: -14.2pt"><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif>1.</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LAYOUT-GRID-MODE: both" face="times new roman">&nbsp;&nbsp; </FONT></FONT><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif>Congonhas Min&#233;rios S.A.: Refers mainly to borrowings </FONT></FONT><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>with final maturity in May 2018 and interest of 101.5% of the CDI, total R$1,872,065 as of September 30, 2015 (R$1,908,160 as of December 31, 2014).</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 14.2pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif></FONT></I></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 14.2pt; LINE-HEIGHT: 116%; TEXT-INDENT: -14.2pt"><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif>2.</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LAYOUT-GRID-MODE: both" face="times new roman">&nbsp;&nbsp; </FONT></FONT><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif>Companhia Sider&#250;rgica Nacional, LLC: Receivables in the amount of R$900,217 as of September 30, 2015 (R$415,788 as of December 31, 2014) referring to sales operations of steel for resale.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 14.2pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 14.2pt; LINE-HEIGHT: 116%; TEXT-INDENT: -14.2pt"><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>3.</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LAYOUT-GRID-MODE: line" face="times new roman">&nbsp;&nbsp; </FONT></FONT><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif>CSN Resources S.A.: Contracts in dollars of Prepayment, Fixed Rate Notes and Intercompany Bonds, interest of 9.13% with final maturity in June 2047. As of September 30, 2015, borrowings total R$10,828,551 (R$7,490,873 as of December 31, 2014).</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.5in; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 14.2pt; LINE-HEIGHT: 115%; TEXT-INDENT: -14.2pt">&nbsp;</P>
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<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face=Arial>PAGE 67 of 86</FONT></P>
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     <TD width="75%" colSpan=2><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE </FONT></B></TD>
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     <TD width="65%"><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>ITR &#8211;&#8211; </FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Quarterly</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> Financial </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Information</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> -</FONT><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>September</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> 30, 2015 &#8211; CIA SIDERURGICA NACIONAL</FONT></FONT></TD>
     <TD width="10%"><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face=Arial,sans-serif>Version:1</FONT></TD></TR></TABLE>
<P style="MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: 115%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif></FONT></B></FONT>&nbsp;</P>
</DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 14.2pt; LINE-HEIGHT: 116%; TEXT-INDENT: -14.2pt"><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif>4.</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LAYOUT-GRID-MODE: both" face="times new roman">&nbsp;&nbsp; </FONT></FONT><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif>CSN Handel GMBH: Receivables of R$645,958 as of September 30, 2015 (R$122,061 as of December 31, 2014). Refer to sales transactions on mining products. </FONT></FONT></P>
<P style="MARGIN: 0in 0in 0in 35.4pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 14.2pt; LINE-HEIGHT: 115%; TEXT-INDENT: -14.2pt"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>5.</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LAYOUT-GRID-MODE: line" face="times new roman">&nbsp;&nbsp; </FONT></FONT><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif>CSN Islands XII Corp: Contracts in US$:</FONT></FONT><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif> interest of 7.64% with final maturity in February 2025. As of September 30, 2015, borrowings total R$3,311,618 (R$1,363,481 as of December 31, 2014). </FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif>17 c) Key management personnel</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><STRONG><FONT face=Arial></FONT></STRONG>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>The key management personnel, who have authority and responsibility for planning, directing and controlling the Company&#8217;s activities, include the members of the Board of Directors and statutory directors. Below are the information on the compensation of such personnel and the related balances as of September 30, 2015.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>09/30/2015</FONT></B></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>09/30/2014</FONT></B></P>
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     <TD style="HEIGHT: 15.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="36%" colSpan=3 noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Income Statement</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Short-term benefits for employees and officers</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>30,091 </FONT></P>
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     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="18%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>31,867 </FONT></P>
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     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="61%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Post-</FONT><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>employment benefits</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>197 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="18%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>52 </FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>30,288 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="18%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>31,919 </FONT></B></P>
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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in; LINE-HEIGHT: 116%; TEXT-INDENT: -0.25in"><FONT style="LINE-HEIGHT: 116%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif>18.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LAYOUT-GRID-MODE: both" face="times new roman">&nbsp;&nbsp; </FONT></B></FONT><FONT style="LINE-HEIGHT: 116%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif>SHAREHOLDERS' EQUITY</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>18.a) &nbsp;Paid-in capital </FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>Fully subscribed and paid-in capital as of September 30, 2015 and as of December 31, 2014 is R$4,540,000 represented by 1,387,524,047 book-entry common shares, without par value. Each common share entitles its holder to one vote in Shareholders&#8217; Meetings. </FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="BACKGROUND: yellow; LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>18.b) Authorized capital</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>The Company&#8217;s bylaws in effect as of September 30, 2015 determine that the capital can be raised to up to 2,400,000,000 shares by decision of the Board of Directors.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>18.c) Legal reserve</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>This reserve is recognized at the rate of 5% of the profit for each financial year, as provided for by Article 193 of Law 6.404/76, up to the ceiling of 20% of share capital.&nbsp;&nbsp; </FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>18.d) Ownership structure</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif>As of September 30, 2015, the Company&#8217;s ownership structure was as follows:</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face=Arial>PAGE 68 of 86</FONT></P>
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     <TD width="75%" colSpan=2><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE </FONT></B></TD>
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     <TD width="65%"><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>ITR &#8211;&#8211; </FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Quarterly</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> Financial </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Information</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> -</FONT><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>September</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> 30, 2015 &#8211; CIA SIDERURGICA NACIONAL</FONT></FONT></TD>
     <TD width="10%"><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face=Arial,sans-serif>Version:1</FONT></TD></TR></TABLE>
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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 116%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></B></FONT>&nbsp;</P>
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     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="30%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt"></FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-FAMILY: Arial"><FONT style="FONT-SIZE: 8pt">9/30/2015</FONT></FONT></B></P>
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     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="3%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="32%" colSpan=4 noWrap><FONT style="FONT-FAMILY: Arial">
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt"></FONT></B></P>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt"></FONT></B></P>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt"></FONT></B></P>
</FONT>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-FAMILY: Arial"><FONT style="FONT-SIZE: 8pt">12/31/2014</FONT></FONT></B></P>
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<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="30%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="11%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">Number of common shares</FONT></P>
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     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">% of total shares</FONT></P>
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     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="10%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">% of voting capital</FONT></P>
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     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="3%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="12%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">Number of common shares</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap><FONT style="FONT-FAMILY: Arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">% of total shares</FONT></P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="10%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">% of voting capital</FONT></P>
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     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="30%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">Vicunha A&#231;os S.A. (*)</FONT></P>
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     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">697,719,990</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">50.29%</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">51.41%</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="3%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">697,719,990</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">50.29%</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">51.34%</FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="30%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">Rio Iaco Participa&#231;&#245;es S.A. (**)</FONT></P>
</TD>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">58,193,503</FONT></P>
</TD>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">4.19%</FONT></P>
</TD>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">4.29%</FONT></P>
</TD>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="3%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">58,193,503</FONT></P>
</TD>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">4.19%</FONT></P>
</TD>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">4.28%</FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="30%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">Caixa Beneficente dos Empregados da CSN - CBS</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">20,143,031</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">1.45%</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">1.48%</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="3%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">12,788,231</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">0.92%</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">0.94%</FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="30%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">BNDES Participa&#231;&#245;es S.A. - BNDESPAR</FONT></P>
</TD>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">8,794,890</FONT></P>
</TD>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">0.63%</FONT></P>
</TD>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">0.65%</FONT></P>
</TD>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="3%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">8,794,890</FONT></P>
</TD>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">0.63%</FONT></P>
</TD>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">0.65%</FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="30%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">NYSE (ADRs)</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">333,547,999</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">24.04%</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">24.58%</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="3%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">342,466,899</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">24.68%</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">25.20%</FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="30%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">BM&amp;FBovespa</FONT></P>
</TD>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">238,733,634</FONT></P>
</TD>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">17.21%</FONT></P>
</TD>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">17.59%</FONT></P>
</TD>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="3%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">239,010,634</FONT></P>
</TD>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">17.23%</FONT></P>
</TD>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">17.59%</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="30%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt"></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">1,357,133,047 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">97.81%</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">100.00%</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="3%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">1,358,974,147 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">97.94%</FONT></B></P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">100.00%</FONT></B></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="30%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">Treasury shares</FONT></P>
</TD>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial" color=#000000>30,391,000</FONT></P>
</TD>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">2.19%</FONT></P>
</TD>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="10%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="3%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial" color=#000000>28,549,900</FONT></P>
</TD>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">2.06%</FONT></P>
</TD>
     <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="10%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="30%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">Total shares</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="11%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">1,387,524,047 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">100.00%</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="10%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="3%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">1,387,524,047 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: Arial">100.00%</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="10%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt"></FONT>&nbsp;</P>
</TD></TR></TABLE>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif>(*) CSN is controlled by Vicunha A&#231;os as of June 30, 2015, considering the incorporation of Vicunha Siderurgia by Vicunha A&#231;os on that date.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif>(**) Rio Iaco Participa&#231;&#227;o S. A. is a company part of the control group.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>18. e) Treasury shares</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" color=black face=arial,sans-serif>The Board of Directors authorized several programs for repurchase of shares issued by the Company, to be held in treasury for subsequent sale or cancelation in order to maximize the generation of value to the shareholder through an efficient capital structure management, as shown in the table below:</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%">&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>
<TR style="HEIGHT: 37.5pt">
     <TD style="HEIGHT: 37.5pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Program</FONT></P>
</TD>
     <TD style="HEIGHT: 37.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 37.5pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Board&#8217;s Authorization</FONT></P>
</TD>
     <TD style="HEIGHT: 37.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%">&nbsp;</TD>
     <TD style="HEIGHT: 37.5pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Authorized quantity</FONT></P>
</TD>
     <TD style="HEIGHT: 37.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%">&nbsp;</TD>
     <TD style="HEIGHT: 37.5pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Program period</FONT></P>
</TD>
     <TD style="HEIGHT: 37.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%">&nbsp;</TD>
     <TD style="HEIGHT: 37.5pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Average buyback price</FONT></P>
</TD>
     <TD style="HEIGHT: 37.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%">&nbsp;</TD>
     <TD style="HEIGHT: 37.5pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Minimum and maximum buyback price</FONT></P>
</TD>
     <TD style="HEIGHT: 37.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%">&nbsp;</TD>
     <TD style="HEIGHT: 37.5pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>number bought back</FONT></P>
</TD>
     <TD style="HEIGHT: 37.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%">&nbsp;</TD>
     <TD style="HEIGHT: 37.5pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Share cancelation </FONT></P>
</TD>
     <TD style="HEIGHT: 37.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="4%">&nbsp;</TD>
     <TD style="HEIGHT: 37.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%">&nbsp;</TD>
     <TD style="HEIGHT: 37.5pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Balance in treasury </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1&#186;</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>3/13/2014</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>70.205.661 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>From 3/14/2014 to 4/14/2014</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8.5pt" face=arial,sans-serif>R$ 9<FONT style="FONT-SIZE: 8pt" face=Arial>.</FONT>34 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>R$ 9.22 e R$ 9.45</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>2<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>350<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>000 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="4%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>2<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>350<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>000 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>2&#186;</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>4/15/2014</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>67.855.661 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>From 4/16/2014 to 5/23/2014</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8.5pt" face=arial,sans-serif>R$ 8<FONT style="FONT-SIZE: 8pt" face=Arial>.</FONT>97 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>R$ 8.70 e R$ 9.48</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>9<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>529<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>500 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="4%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>11<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>879<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>500 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>3&#186;</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>5/23/2014</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>58.326.161 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>From 5/26/2014 to 6/25/2014</FONT></P>
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     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8.5pt" face=arial,sans-serif>R$ 9<FONT style="FONT-SIZE: 8pt" face=Arial>.</FONT>21 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>R$ 8.61 e R$ 9.72</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>31<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>544<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>500 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="4%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>43<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>424<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>000 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>4&#186;</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>6/26/2014</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>26.781.661 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>From 6/26/2014 to 7/17/2014</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8.5pt" face=arial,sans-serif>R$ 10<FONT style="FONT-SIZE: 8pt" face=Arial>.</FONT>42 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>R$ 9.33 e R$ 11.54</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>26<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>781<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>661 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="4%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>70<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>205<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>661 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>7/18/2014</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Not applicable</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Not applicable</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>60.000.000 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="4%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><SUP><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(1)</FONT></SUP></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>10<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>205<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>661 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>5&#186;</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>7/18/2014</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>64.205.661 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>From 7/18/2014 to 8/18/2014 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8.5pt" face=arial,sans-serif>R$ 11<FONT style="FONT-SIZE: 8pt" face=Arial>.</FONT>40 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8.5pt" face=arial,sans-serif>R$ 11<FONT style="FONT-SIZE: 8pt" face=Arial>.</FONT>40 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>240<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>400 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="4%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>10<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>446<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>061 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>8/18/2014</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Not applicable</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Not applicable</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>10.446.061 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="4%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><SUP><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(1)</FONT></SUP></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>6&#186;</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>8/19/2014</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>63.161.055 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>From 8/19/2014 to 9/25/2014 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8.5pt" face=arial,sans-serif>R$ 9<FONT style="FONT-SIZE: 8pt" face=Arial>.</FONT>82 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>R$ 9.47 e R$ 10.07</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>6<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>791<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>300 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="4%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>6<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>791<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>300 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>7&#186;</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>9/29/2014</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>56.369.755 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" colSpan=2 noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>From 9/29/2014 to 2/29/2014 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8.5pt" face=arial,sans-serif>R$ 7<FONT style="FONT-SIZE: 8pt" face=Arial>.</FONT>49 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>R$ 4.48 e R$ 9.16</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>21<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>758<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>600 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="4%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>28<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>549<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>900 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>8&#186;</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>12/30/2014</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>34.611.155 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" colSpan=2 noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>From 12/31/2014 to 3/31/2015 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8.5pt" face=arial,sans-serif>R$ 5<FONT style="FONT-SIZE: 8pt" face=Arial>.</FONT>10 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>R$ 4.90 e R$ 5.39</FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>841<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>100 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="4%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>30<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>391<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>000 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.95pt">
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>9&#186; (*)</FONT></P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>3/31/2015</FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>32.770.055 </FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>From 4/01/2015 to 6/30/2015 </FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8.5pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="4%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD></TR></TABLE><FONT lang=PT-BR style="FONT-SIZE: 11pt" face=Calibri,sans-serif></FONT></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>(*) There were no share buyback in this program.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 14.2pt; LINE-HEIGHT: 116%; TEXT-INDENT: -14.2pt"><FONT style="LINE-HEIGHT: 116%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>1.</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" face="times new roman">&nbsp;&nbsp; </FONT></FONT><FONT style="LINE-HEIGHT: 116%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>On July 18, 2014 and August 19, 2014, the Board of Directors approved the cancelation of 60,000,000 and 10,446,061 shares held in treasury, respectively, without any change in the amount of the Company&#8217;s capital.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>As of September 30, 2015, the position of the treasury shares was as follows:</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Bought back</FONT></P>
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     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Amount</FONT></P>
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     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" rowSpan=2 width="40%" colSpan=5>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Share price</FONT></P>
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     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="18%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Share</FONT></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>number</FONT></P>
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     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>paid for</FONT></P>
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     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="18%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>market price</FONT></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(in units) </FONT></P>
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     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>the shares</FONT></P>
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     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Minimum</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Maximum</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Average</FONT></P>
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     <TD style="HEIGHT: 12.95pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.95pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="18%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>as of 9/30/2015 (*)</FONT></P>
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     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="18%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>30,391,000 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><SUP><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></SUP>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8.5pt" face=arial,sans-serif>R$ 238,976 </FONT></P>
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     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8.5pt" face=arial,sans-serif>R$ 4.48 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8.5pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8.5pt" face=arial,sans-serif>R$ 11.54 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8.5pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8.5pt" face=arial,sans-serif>R$ 7.86 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8.5pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.95pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="18%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8.5pt" face=arial,sans-serif>R$ 119,133 </FONT></P>
</TD></TR></TABLE><FONT style="BACKGROUND: yellow; LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>(*) The quotation of the shares on the BM&amp;FBovespa as of September 30, 2015, of R$5.17 per share, was used.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman"></FONT>&nbsp;</P>
<DIV align=left>&nbsp;</DIV>
<P></P>
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<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face=Arial>PAGE 69 of 86</FONT></P>
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     <TD width="75%" colSpan=2><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE </FONT></B></TD>
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     <TD width="65%"><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>ITR &#8211;&#8211; </FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Quarterly</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> Financial </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Information</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> -</FONT><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>September</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> 30, 2015 &#8211; CIA SIDERURGICA NACIONAL</FONT></FONT></TD>
     <TD width="10%"><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face=Arial,sans-serif>Version:1</FONT></TD></TR></TABLE>
<P style="MARGIN: 0in 0in 0pt">&nbsp;</P>
</DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif>18.f) </FONT></B></FONT><FONT style="LINE-HEIGHT: 115%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>Policy on investments and payment of interest on capital and dividends</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>At a meeting held on December 11, 2000, the Board of Directors decided to adopt a dividend distribution policy which, after compliance with the provisions in Law 6.404/76, as amended by Law 9.457/97, will entail the distribution of all the profit to the Company&#8217;s shareholders, provided that the following priorities are observed, irrespective of their order: (i) carrying out the business strategy; (ii) fulfilling its obligations; (iii) making the required investments; and (iv) maintaining a healthy financial situation of the Company.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif>18.g) </FONT></B></FONT><FONT style="LINE-HEIGHT: 115%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>Earnings/(loss) per share (EPS):</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>Basic earnings (loss) per share were calculated based on the profit attributable to the owners of CSN divided by the weighted average number of common shares outstanding during the period, excluding the common shares purchased and held as treasury shares, as follows:</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT face=Arial></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Parent Company</FONT></B></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Nine-month period ended</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Three-month period ended </FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>09/30/2015</FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>09/30/2014</FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>09/30/2015</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>09/30/2014</FONT></B></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Common shares</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
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     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="4%" noWrap>&nbsp;</TD>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Common shares</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>&nbsp;&nbsp;</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>(Loss) profit for the year</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="15%">
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD></TR>
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     <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="34%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Attributable to owners of the Company </FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(754,725)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(173,056)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="4%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(532,513)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(250,105)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="34%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Weighted average number of shares</FONT></P>
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     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1,357,156 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1,429,584 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="4%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1,357,133 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1,388,837 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="34%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Basic and diluted LPA</FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(0.55611)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(0.12105)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="4%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(0.39238)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="15%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(0.18008)</FONT></P>
</TD></TR></TABLE>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%">&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in; LINE-HEIGHT: 116%; TEXT-INDENT: -0.25in"><FONT style="LINE-HEIGHT: 116%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>19.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LAYOUT-GRID-MODE: line" face="times new roman">&nbsp;&nbsp; </FONT></B></FONT><FONT style="LINE-HEIGHT: 116%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>DIVIDENDS AND INTEREST ON CAPITAL</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="BACKGROUND: yellow; LINE-HEIGHT: 115%" color=red><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" color=red face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>On March 11, 2015, the Board of Directors approved the proposal for payment, as advance of mandatory minimum dividend, from the retained earnings reserve (statutory reserve of working capital), the amount of R$275,000 in dividends, corresponding to R$ </FONT></FONT><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>0,</FONT></FONT><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>202633043</FONT></FONT><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif> </FONT></FONT><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>per share.</FONT></FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif> </FONT><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>The dividends were paid as from March 19, 2015, without inflation adjustment. </FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>The tables below show the history of dividends and interest on capital approved and paid:</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></FONT>&nbsp;</P>
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<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>
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     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
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     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>&nbsp;</TD>
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     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>&nbsp;</TD></TR>
<TR style="HEIGHT: 22.5pt">
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 22.5pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Year</FONT></B></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 22.5pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="7%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Approval Year</FONT></B></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 22.5pt; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Dividends</FONT></B></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 22.5pt; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Interest on capital</FONT></B></P>
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     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 22.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="4%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 22.5pt; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Total</FONT></B></P>
</TD>
     <TD style="HEIGHT: 22.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="4%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 22.5pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Year</FONT></B></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 22.5pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Payment Year</FONT></B></P>
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     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 22.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 22.5pt; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Dividends</FONT></B></P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 22.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 22.5pt; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Interest on capital</FONT></B></P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 22.5pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 22.5pt; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Total</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>2013</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>2013</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>610<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>000 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>190<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>000 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="4%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>800<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>000 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="4%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="6%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>2013</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>2013</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>610<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>503 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>190<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>000 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>800<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>503 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>2014</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>2014</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>700<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>000 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="4%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>700<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>000 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="4%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>2014</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>2014</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>424<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>939 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>424<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>939 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>2015</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>2015</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>275<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>000 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="4%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>275<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>000 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="4%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>2015</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>274<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>917 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>274<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>917 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%" colSpan=3 noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Total Approved</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>585<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>000 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap align=right>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>190<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>000 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="4%" noWrap align=right>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>775<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>000 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="4%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="6%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>2015</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>2015</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>274<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>915 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>274<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>915 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="9%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="4%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="4%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" colSpan=3 noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Total Paid</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: #000000 1px solid; HEIGHT: 12.75pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>585<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>274 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: #000000 1px solid; HEIGHT: 12.75pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>190<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>000 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: #000000 1px solid; HEIGHT: 12.75pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>775<FONT style="FONT-SIZE: 8pt" face=Arial>,</FONT>274 </FONT></B></P>
</TD></TR></TABLE></DIV>
<P style="MARGIN: 0cm 0cm 10pt; LINE-HEIGHT: 115%"><FONT lang=PT-BR style="FONT-SIZE: 11pt" face=Calibri,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%">&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face=Arial>PAGE 70 of 86</FONT></P>
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     <TD width="75%" colSpan=2><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE </FONT></B></TD>
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     <TD width="65%"><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>ITR &#8211;&#8211; </FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Quarterly</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> Financial </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Information</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> -</FONT><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>September</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> 30, 2015 &#8211; CIA SIDERURGICA NACIONAL</FONT></FONT></TD>
     <TD width="10%"><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face=Arial,sans-serif>Version:1</FONT></TD></TR></TABLE>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 8pt" face="Times New Roman"></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in; LINE-HEIGHT: 116%; TEXT-INDENT: -0.25in"><FONT style="LINE-HEIGHT: 116%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif>20.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LAYOUT-GRID-MODE: both" face="times new roman">&nbsp;&nbsp; </FONT></B></FONT><FONT style="LINE-HEIGHT: 116%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif>NET SALES REVENUE</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif>Net sales revenue is comprised as follows:</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
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     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="28%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="17%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Consolidated </FONT></B></P>
</TD></TR>
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     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="36%" colSpan=3 noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=#333333 face=arial,sans-serif>Nine-month period ended</FONT></B></P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="33%" colSpan=3 noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=#333333 face=arial,sans-serif>Three-month period ended </FONT></B></P>
</TD></TR>
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     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="28%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>09/30/2015</FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>09/30/2014</FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>09/30/2015</FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>09/30/2014</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="28%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Gross revenue</FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="28%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Domestic market</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>8,050,606 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>10,083,008 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>2,406,591 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>3,256,166 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="28%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Foreign market</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>5,704,057 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>4,659,461 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>2,169,443 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1,420,550 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="28%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8.05pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>13,754,663 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>14,742,469 </FONT></B></P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>4,576,034 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>4,676,716 </FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="28%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Deductions </FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="28%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Cancelled sales and discounts</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(225,055)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(99,249)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(71,998)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(45,016)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="28%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Taxes levied on sales</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(1,876,226)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(2,336,949)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(548,046)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(748,714)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="28%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(2,101,281)</FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(2,436,198)</FONT></B></P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(620,044)</FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(793,730)</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="28%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Net revenue</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>11,653,382 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>12,306,271 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>3,955,990 </FONT></B></P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>3,882,986 </FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="28%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="28%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="28%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="69%" colSpan=6 noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B></P>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></P>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B></P>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Parent Company </FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="28%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="36%" colSpan=3 noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=#333333 face=arial,sans-serif>Nine-month period ended</FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="33%" colSpan=3 noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=#333333 face=arial,sans-serif>Three month period ended </FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="28%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>09/30/2015</FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>09/30/2014</FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>09/30/2015</FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>09/30/2014</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Gross revenue</FONT></B></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Domestic market</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>7,463,589 </FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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     <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>9,209,018 </FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>2,192,096 </FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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     <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>2,918,104 </FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Foreign market</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>3,483,905 </FONT></P>
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     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>2,760,901 </FONT></P>
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     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1,493,635 </FONT></P>
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     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>874,509 </FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8.05pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
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     <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
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     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>10,947,494 </FONT></B></P>
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     <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
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     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>11,969,919 </FONT></B></P>
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     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>3,685,731 </FONT></B></P>
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     <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
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     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>3,792,613 </FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Deductions </FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Cancelled sales and discounts</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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     <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(217,676)</FONT></P>
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     <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(88,039)</FONT></P>
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     <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(84,736)</FONT></P>
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     <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(40,874)</FONT></P>
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     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="28%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Taxes levied on sales</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(1,682,231)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(2,068,932)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(482,287)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(659,403)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
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<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(1,899,907)</FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(2,156,971)</FONT></B></P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(567,023)</FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(700,277)</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="28%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Net revenue</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>9,047,587 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>9,812,948 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>3,118,708 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="17%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>3,092,336 </FONT></B></P>
</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face=Arial>PAGE 71 of 86</FONT></P>
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     <TD width="75%" colSpan=2><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE </FONT></B></TD>
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<IMG src="x15111317003600.jpg" width=118 height=54>
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     <TD width="65%"><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>ITR &#8211;&#8211; </FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Quarterly</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> Financial </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Information</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> -</FONT><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>September</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> 30, 2015 &#8211; CIA SIDERURGICA NACIONAL</FONT></FONT></TD>
     <TD width="10%"><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face=Arial,sans-serif>Version:1</FONT></TD></TR></TABLE>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 8pt" face="Times New Roman"></FONT>&nbsp;</P>
</DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in; LINE-HEIGHT: 116%; TEXT-INDENT: -0.25in"><FONT style="LINE-HEIGHT: 116%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif>21.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LAYOUT-GRID-MODE: both" face="times new roman">&nbsp;&nbsp; </FONT></B></FONT><FONT style="LINE-HEIGHT: 116%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif>EXPENSES BY NATURE</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>
<TR style="HEIGHT: 13.5pt">
     <TD style="HEIGHT: 13.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="35%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 13.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 13.5pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 13.5pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 13.5pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 13.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 13.5pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 13.5pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 13.5pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Consolidated </FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="35%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="30%" colSpan=3 noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=#333333 face=arial,sans-serif>Nine-month period ended</FONT></B></P>
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     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="30%" colSpan=3 noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=#333333 face=arial,sans-serif>Three - month period ended </FONT></B></P>
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     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="35%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>09/30/2015</FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>09/30/2014</FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>09/30/2015</FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>09/30/2014</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="35%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Raw materials and inputs </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(3,810,808)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(4,019,809)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(1,147,963)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(1,302,431)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="35%">
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Labor cost </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(1,398,330)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(1,253,600)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(517,061)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(442,531)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="35%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Supplies </FONT></P>
</TD>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(822,222)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(778,729)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(295,461)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(267,854)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="35%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Maintenance cost (services and materials) </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(777,770)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(798,535)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(284,013)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(271,004)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="35%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Outsourcing services </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(2,399,841)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(1,747,501)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(898,613)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(670,504)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="35%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Depreciation, amortization and depletion (Note 9 a)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(827,711)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(907,339)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(284,533)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(325,745)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="35%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Other </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(214,146)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(217,682)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(118,640)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(10,414)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="35%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(10,250,828)</FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(9,723,195)</FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(3,546,284)</FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(3,290,483)</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="35%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>&nbsp;</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="35%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Classified as: </FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="35%">
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Cost of sales </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(8,888,031)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(8,693,082)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(3,015,403)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(2,911,961)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="35%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Selling expenses</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(1,023,012)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(691,619)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(410,838)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(268,052)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="35%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>General and administrative expenses</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(339,785)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(338,494)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(120,043)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(110,470)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="35%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8.05pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></I></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><I><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></I></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(10,250,828)</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><I><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></I></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(9,723,195)</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><I><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></I></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(3,546,284)</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><I><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></I></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(3,290,483)</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="35%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap>&nbsp;</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="35%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap>&nbsp;</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="35%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Parent Company </FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="35%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="30%" colSpan=3 noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=#333333 face=arial,sans-serif>Nine-month period ended</FONT></B></P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" color=#333333 face=arial,sans-serif>Three- month period ended </FONT></B></P>
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     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>09/30/2015</FONT></B></P>
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     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>09/30/2014</FONT></B></P>
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     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>09/30/2015</FONT></B></P>
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     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>09/30/2014</FONT></B></P>
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<TR style="HEIGHT: 11.25pt">
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<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Raw materials and inputs </FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(2,537,506)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(2,673,781)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(852,537)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(912,698)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 14.25pt">
     <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="35%">
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Labor cost </FONT></P>
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     <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(1,168,079)</FONT></P>
</TD>
     <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(1,027,677)</FONT></P>
</TD>
     <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(436,796)</FONT></P>
</TD>
     <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 14.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(373,550)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 17.25pt">
     <TD style="HEIGHT: 17.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="35%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Supplies </FONT></P>
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     <TD style="HEIGHT: 17.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 17.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(803,940)</FONT></P>
</TD>
     <TD style="HEIGHT: 17.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 17.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(746,274)</FONT></P>
</TD>
     <TD style="HEIGHT: 17.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 17.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(290,705)</FONT></P>
</TD>
     <TD style="HEIGHT: 17.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 17.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(257,831)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="35%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Maintenance cost (services and materials) </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(759,403)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(777,208)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(278,899)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(264,074)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="35%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Outsourcing services </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(1,551,830)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(1,123,789)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(570,909)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(401,225)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="35%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Depreciation, amortization and depletion (Note 9 a)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(651,952)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(746,930)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(227,396)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(270,252)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="35%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Other </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(208,895)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(170,796)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(97,562)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(17,271)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="35%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(7,681,605)</FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(7,266,455)</FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(2,754,804)</FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(2,496,901)</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="35%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>&nbsp;</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="35%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Classified as: </FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top width="35%">
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Cost of sales</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(6,929,971)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(6,661,971)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(2,472,690)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(2,290,584)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="35%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Selling expenses</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(479,481)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(324,964)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(185,331)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(113,556)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="35%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>General and administrative expenses </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(272,153)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(279,520)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(96,783)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(92,761)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="35%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8.05pt"><B><I><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></I></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(7,681,605)</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><I><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></I></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(7,266,455)</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><I><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></I></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(2,754,804)</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="2%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><I><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></I></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(2,496,901)</FONT></B></P>
</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face=Arial>PAGE 72 of 86</FONT></P>
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     <TD width="75%" colSpan=2><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE </FONT></B></TD>
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     <TD width="65%"><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>ITR &#8211;&#8211; </FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Quarterly</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> Financial </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Information</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> -</FONT><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>September</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> 30, 2015 &#8211; CIA SIDERURGICA NACIONAL</FONT></FONT></TD>
     <TD width="10%"><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face=Arial,sans-serif>Version:1</FONT></TD></TR></TABLE>
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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in; LINE-HEIGHT: 116%; TEXT-INDENT: -0.25in"><FONT style="LINE-HEIGHT: 116%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif>22.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LAYOUT-GRID-MODE: both" face="times new roman">&nbsp;&nbsp; </FONT></B></FONT><FONT style="LINE-HEIGHT: 116%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif>OTHER OPERATING INCOME (EXPENSES) </FONT></B></FONT></P>
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     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
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     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Consolidated </FONT></B></P>
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     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=#333333 face=arial,sans-serif>Nine-month period ended</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=#333333 face=arial,sans-serif>Three- month period ended </FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>09/30/2015</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
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     <TD style="HEIGHT: 12.75pt; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>09/30/2014</FONT></B></P>
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     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>09/30/2015</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
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     <TD style="HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>09/30/2014</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Other operating income </FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="40%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Indemnities/gains on lawsuits</FONT></P>
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     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>4,402 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>4,106 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1,334 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>868 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="40%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Rentals and leases</FONT></P>
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     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>858 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>804 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>287 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>276 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="40%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Reversal of provisions</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>20,790 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>17,654 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="40%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Dividends received</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>5,268 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>328 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>165 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>328 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="40%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Tax credits PIS/COFINS</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>12,067 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>12,067 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>&nbsp;</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="40%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Contractual fines</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1,622 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1,101 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>352 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>269 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="40%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Other revenues</FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>23,910 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>17,808 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>15,398 </FONT></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>8,076 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="40%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8.05pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></I></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8.05pt"><B><I><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></I></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>48,127 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><I><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></I></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>44,937 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><I><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></I></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>29,603 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><I><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></I></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>27,471 </FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="40%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>&nbsp;</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="40%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Other operating expenses</FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>&nbsp;</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="40%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Taxes and fees</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(10,434)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(20,112)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>4,172 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(1,420)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="40%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Low of judicial deposits</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(6,904)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(56,495)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(6,349)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(37,099)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="40%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Reversal (provision) of environmental liabilities </FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(1,863)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>161,434 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(4,526)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>6,733 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="40%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Tax provisions, social security, labor, civil and environmental net of reversals</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(193,846)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(120,119)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>20,937 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>58,567 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="40%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Contractual penalties</FONT></P>
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     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(309)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(7,080)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(65)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(19)</FONT></P>
</TD></TR>
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     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="40%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Depreciation of unused equipment and amortization of intangible assets (Note 9a)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(29,426)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(27,216)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(10,949)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(8,657)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="40%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Residual value of permanent assets written off (Note 9)</FONT></P>
</TD>
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<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(4,773)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(12,935)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(220)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(7,114)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="40%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Inventory impairment losses/reversals (Note 6)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>6,253 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(4,250)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>12,667 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>5,317 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="40%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Losses spare</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(35,019)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(20,651)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(17,926)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(20,651)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="40%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Studies and project engineering expenses</FONT></P>
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     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(30,241)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(36,162)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(8,250)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(15,567)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="40%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Spending on research and development</FONT></P>
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     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(2,477)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(2,667)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(855)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(983)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="40%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Healthcare plan expenses </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(41,396)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(43,074)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(11,527)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(16,522)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="40%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Impairment of available- for-sale financial assets</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(178,867)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(72,104)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(81,016)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(19,989)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="40%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Impact of Law11.941/09 and Law 12.865/13 - REFIS</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(37,308)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(37,308)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="40%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Other expenses </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(40,598)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(17,355)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(10,916)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>4,026 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="40%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(569,900)</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(316,094)</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(114,823)</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(90,686)</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="40%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Other operating income (expenses), net </FONT></B></P>
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     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.75pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(521,773)</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.75pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(271,157)</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.75pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(85,220)</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.75pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(63,215)</FONT></B></P>
</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif></FONT></B></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face=Arial>PAGE 73 of 86</FONT></P>
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     <TD width="75%" colSpan=2><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE </FONT></B></TD>
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     <TD width="65%"><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>ITR &#8211;&#8211; </FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Quarterly</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> Financial </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Information</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> -</FONT><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>September</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> 30, 2015 &#8211; CIA SIDERURGICA NACIONAL</FONT></FONT></TD>
     <TD width="10%"><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face=Arial,sans-serif>Version:1</FONT></TD></TR></TABLE>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 8pt" face="Times New Roman"></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
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<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>
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     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="41%" noWrap>&nbsp;</TD>
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     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Parent Company </FONT></B></P>
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     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="41%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="4%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="27%" colSpan=3 noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=#333333 face=arial,sans-serif>Nine-month period ended</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="25%" colSpan=3 noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=#333333 face=arial,sans-serif>Three - month period ended</FONT></B></P>
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     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="41%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="4%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>09/30/2015</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: white; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>09/30/2014</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>09/30/2015</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: white; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>09/30/2014</FONT></B></P>
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     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="41%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Other operating income </FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="41%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Indemnities/gains on lawsuits</FONT></P>
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     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="4%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>4,110 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>3,492 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1,330 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>813 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="41%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Rentals and leases</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="4%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>858 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>804 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>287 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>276 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="41%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Reversal of provisions</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="4%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>3,136 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>&nbsp;</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="41%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Dividends received</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="4%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>5,268 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>328 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>165 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>328 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="41%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Tax credits PIS/COFINS</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="4%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>12,067 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>12,067 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>&nbsp;</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="41%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Contractual fines</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="4%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>2,124 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1,006 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>447 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>262 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="41%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Other revenues</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="4%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>4,245 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>3,600 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>2,107 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>858 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="41%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8.05pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></I></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="4%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8.05pt"><B><I><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></I></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>28,672 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><I><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></I></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>12,366 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><I><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></I></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.75pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>16,403 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><I><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></I></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.75pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>2,537 </FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="41%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="4%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>&nbsp;</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="41%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Other operating expenses</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="4%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>&nbsp;</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="41%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Taxes and fees</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="4%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(5,347)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(16,313)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>5,985 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(482)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="41%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Low of judicial deposits</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="4%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(6,909)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(55,812)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(6,350)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(36,964)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="41%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Reversal (provision) of environmental liabilities </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="4%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(1,863)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>161,434 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(4,526)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>6,733 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="41%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Tax provisions, social security, labor, civil and environmental net of reversals</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="4%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(171,933)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(94,681)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>32,696 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>74,676 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="41%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Contractual penalties</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="4%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(26)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(6,744)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(19)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>207 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="41%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Depreciation of unused equipment and amortization of intangible assets (Note 9a)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="4%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(714)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>&nbsp;</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="41%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Residual value of permanent assets written off (Note 9)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="4%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(3,935)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(11,970)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(28)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(6,880)</FONT></P>
</TD></TR>
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<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Inventory impairment losses/reversals (Note 6)</FONT></P>
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     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="4%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>5,600 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>253 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>14,040 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>8,431 </FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Losses spare</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(35,019)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(20,651)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(17,926)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(20,651)</FONT></P>
</TD></TR>
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     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="41%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Studies and project engineering expenses</FONT></P>
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     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="4%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(30,075)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(35,742)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(8,251)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(15,451)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="41%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Spending on research and development</FONT></P>
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     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="4%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8.05pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></I></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(2,477)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><I><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></I>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(2,667)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><I><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></I>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(855)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><I><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></I>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(983)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="41%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Healthcare plan expenses </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="4%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(41,396)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(43,074)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(11,527)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(16,522)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="41%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Impairment of available- for-sale financial assets</FONT></P>
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     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="4%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(178,867)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(66,476)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(81,016)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(18,429)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="41%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Impact of Law11.941/09 and Law 12.865/13 - REFIS</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="4%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(19,853)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(19,853)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="41%" noWrap>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Other expenses </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="4%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(37,104)</FONT></P>
</TD>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(9,849)</FONT></P>
</TD>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; TEXT-INDENT: 8pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(24,887)</FONT></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>3,550 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="41%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="4%" noWrap>&nbsp;</TD>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(509,351)</FONT></B></P>
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     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(222,859)</FONT></B></P>
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     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(102,664)</FONT></B></P>
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     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(42,618)</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Other operating income (expenses), net </FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(480,679)</FONT></B></P>
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     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
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     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(210,493)</FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(86,261)</FONT></B></P>
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     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(40,081)</FONT></B></P>
</TD></TR></TABLE></DIV>
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<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face=Arial>PAGE 74 of 86</FONT></P>
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     <TD width="75%" colSpan=2><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE </FONT></B></TD>
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     <TD width="65%"><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>ITR &#8211;&#8211; </FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Quarterly</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> Financial </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Information</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> -</FONT><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>September</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> 30, 2015 &#8211; CIA SIDERURGICA NACIONAL</FONT></FONT></TD>
     <TD width="10%"><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face=Arial,sans-serif>Version:1</FONT></TD></TR></TABLE>
<P style="MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in; LINE-HEIGHT: 116%; TEXT-INDENT: -0.25in"><FONT style="LINE-HEIGHT: 116%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif>23.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LAYOUT-GRID-MODE: both" face="times new roman">&nbsp;&nbsp; </FONT></B></FONT><FONT style="LINE-HEIGHT: 116%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif>FINANCE INCOME (EXPENSES)</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in; LINE-HEIGHT: 116%; TEXT-INDENT: -0.25in"><STRONG><FONT face=Arial></FONT></STRONG>&nbsp;</P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Consolidated </FONT></B></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=#333333 face=arial,sans-serif>Nine-month period ended</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=#333333 face=arial,sans-serif>Three- month period ended </FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>09/30/2015</FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>09/30/2014</FONT></B></P>
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     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>09/30/2015</FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>09/30/2014</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Finance income</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Related parties (Note 17 b)</FONT></P>
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     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>52,587 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>36,442 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>20,468 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>14,047 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="32%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Income from short-term investments </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>131,293 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>59,898 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>76,465 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>19,338 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="32%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Gains on derivatives (*)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%">&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1,202 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>264 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(3,183)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="32%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Other income</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>20,795 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>37,877 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>9,067 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>12,533 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="32%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>205,877 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>134,217 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>106,264 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>42,735 </FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="32%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Finance expenses</FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="32%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Borrowings and financing - foreign currency</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(673,136)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(512,832)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(256,106)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(184,154)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="32%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Borrowings and financing - local currency</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(1,557,024)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(1,335,016)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(575,696)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(460,091)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="32%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Related parties (Note 17 b)</FONT></P>
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     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(375,316)</FONT></P>
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     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(332,035)</FONT></P>
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     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(119,229)</FONT></P>
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     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(112,422)</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Capitalized interest (Notes 9 and 27)</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 8pt" face="arial narrow,sans-serif"></FONT></I>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>116,122 </FONT></P>
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     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><I><FONT style="FONT-SIZE: 8pt" face="arial narrow,sans-serif"></FONT></I>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>123,755 </FONT></P>
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     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><I><FONT style="FONT-SIZE: 8pt" face="arial narrow,sans-serif"></FONT></I>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>45,639 </FONT></P>
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     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><I><FONT style="FONT-SIZE: 8pt" face="arial narrow,sans-serif"></FONT></I>&nbsp;</P>
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     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>49,985 </FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Losses on derivatives (*)</FONT></P>
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     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(4,977)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(1,395)</FONT></P>
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     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(1,381)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(452)</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Interest, fines and late payment charges</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 8pt" color=red face="arial narrow,sans-serif"></FONT></I>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(14,862)</FONT></P>
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<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(120,514)</FONT></P>
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<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(2,218)</FONT></P>
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<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(39,812)</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Net effect reopening REFIS Law 11.941/09</FONT></P>
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     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(118,657)</FONT></P>
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     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(118,657)</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Other finance expenses</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(169,479)</FONT></P>
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     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(144,663)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(101,139)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(44,341)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="32%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(2,678,672)</FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(2,441,357)</FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(1,010,130)</FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(909,944)</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
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<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Inflation adjustment and exchange differences, net</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="32%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Inflation adjustments, net</FONT></P>
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     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>9,742 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>6,877 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>2,266 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>2,160 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="32%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Exchange differences, net</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(1,724,719)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(249,120)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(1,291,206)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(307,945)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="32%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Exchange losses on derivatives (*)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>997,510 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>48,790 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>643,939 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>228,535 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="32%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(717,467)</FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(193,453)</FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(645,001)</FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(77,250)</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 4.5pt">
     <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="32%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 4.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>&nbsp;</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="32%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Finance expenses, net</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(3,190,262)</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(2,500,593)</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(1,548,867)</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(944,459)</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="32%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="32%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>(*) Statement of gains and losses on derivative transactions</FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>&nbsp;</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="32%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Dollar-to-CDI swap</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(18)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=#ff0000 face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(16,607)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=#ff0000 face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>5,480 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="32%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Dollar-to-real swap (NDF)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>786,511 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>34,602 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>469,706 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>193,398 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="32%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Future dollar</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>177,788 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=#ff0000 face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=#ff0000 face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>177,788 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="32%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Dollar-to-euro swap (NDF)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>39,668 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>23,570 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>22,895 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="32%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Dollar-to-euro swap</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(6,439)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=#ff0000 face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>7,225 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=#ff0000 face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(3,555)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>6,762 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="32%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>997,510 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>48,790 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>643,939 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>228,535 </FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="32%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Libor-to-CDI swap</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=#ff0000 face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(943)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=#ff0000 face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="32%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Fixed rate-to-CDI swap</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(4,977)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(452)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(1,381)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(3,635)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="32%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Swap CDI x Pr&#233;</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1,202 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=#ff0000 face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" color=#ff0000 face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>264 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="32%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(3,775)</FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" align=right>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(1,395)</FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" align=right>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(1,117)</FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(3,635)</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="32%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>993,735 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>47,395 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>642,822 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>224,900 </FONT></B></P>
</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face=Arial>PAGE 75 of 86</FONT></P>
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     <TD width="75%" colSpan=2><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE </FONT></B></TD>
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<IMG src="x15111317003600.jpg" width=118 height=54>
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     <TD width="65%"><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>ITR &#8211;&#8211; </FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Quarterly</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> Financial </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Information</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> -</FONT><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>September</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> 30, 2015 &#8211; CIA SIDERURGICA NACIONAL</FONT></FONT></TD>
     <TD width="10%"><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face=Arial,sans-serif>Version:1</FONT></TD></TR></TABLE>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 8pt" face="Times New Roman"></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%" align=center><FONT style="LINE-HEIGHT: 115%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></B></FONT>&nbsp;</P>
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<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>
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     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B></P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></P>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B></P>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B></P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></P>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Parent Company</FONT></B></P>
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     <TD style="HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="30%" colSpan=3 noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=#333333 face=arial,sans-serif>Nine-month period ended</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="31%" colSpan=3 noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt" color=#333333 face=arial,sans-serif>Three - month period ended </FONT></B></P>
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     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>09/30/2015</FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>09/30/2014</FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>09/30/2015</FONT></B></P>
</TD>
     <TD style="BORDER-TOP: #000000 1px solid; HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>09/30/2014</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Finance income</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Related parties (Note 17b)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>1,082,807 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>66,374 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>699,279 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>60,238 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="33%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Income from short-term investments </FONT></P>
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     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>33,353 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>2,535 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>20,434 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>552 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="33%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Other income</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>17,655 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>28,350 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>7,046 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>10,603 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="33%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>1,133,815 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>97,259 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>726,759 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>71,393 </FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="33%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Finance expenses</FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>&nbsp;</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="33%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Borrowings and financing - foreign currency</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>(145,621)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>(81,639)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>(59,601)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>(31,527)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="33%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Borrowings and financing - local currency</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>(1,343,380)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>(1,157,583)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>(496,871)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>(396,954)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="33%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Related parties (Note 17b)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>(1,137,175)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>(1,279,220)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>(423,779)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>(290,409)</FONT></P>
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     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="33%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Capitalized interest (Notes 9 and 27)</FONT></P>
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     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>116,122 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>123,755 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>45,639 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>49,985 </FONT></P>
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<TR style="HEIGHT: 12.75pt">
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="33%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Losses on derivatives (*)</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 8pt" face="arial narrow,sans-serif"></FONT></I>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><I><FONT lang=EN-US style="FONT-SIZE: 8pt" face="arial narrow,sans-serif"></FONT></I>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>(943)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><I><FONT lang=EN-US style="FONT-SIZE: 8pt" face="arial narrow,sans-serif"></FONT></I>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><I><FONT lang=EN-US style="FONT-SIZE: 8pt" face="arial narrow,sans-serif"></FONT></I>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="33%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Interest, fines and late payment charges</FONT></P>
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     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>(9,794)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>(109,451)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>(1,330)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>(35,321)</FONT></P>
</TD></TR>
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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Net effect reopening REFIS Law 11.941/09</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 8pt" color=red face="arial narrow,sans-serif"></FONT></I>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>(115,309)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>(115,309)</FONT></P>
</TD></TR>
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     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="33%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Other finance expenses</FONT></P>
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     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>(150,024)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>(127,381)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>(92,388)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>(36,878)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="33%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>(2,669,872)</FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>(2,747,771)</FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>(1,028,330)</FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>(856,413)</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="33%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Inflation adjustment and exchange differences, net</FONT></B></P>
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     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>&nbsp;</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="33%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Monetary variations, net</FONT></P>
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     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>(12,937)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>(16,740)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>(5,076)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>(10,865)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="33%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Exchange differences, net</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>(4,322,016)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>(589,122)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>(2,980,771)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>(1,142,912)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="33%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>(4,334,953)</FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>(605,862)</FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>(2,985,847)</FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>(1,153,777)</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="33%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>&nbsp;</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="33%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Finance expenses, net</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>(5,871,010)</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>(3,256,374)</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>(3,287,418)</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>(1,938,797)</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="33%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="33%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>(*) Statement of gains and losses on derivative transactions</FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%">&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%">&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%">&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap>&nbsp;</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="33%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Libor-to-CDI swap</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" color=#ff0000 face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>(943)</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" color=#ff0000 face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" color=#ff0000 face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="33%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>(943)</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in; LINE-HEIGHT: 116%; TEXT-INDENT: -0.25in"><FONT style="LINE-HEIGHT: 116%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>24.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LAYOUT-GRID-MODE: line" face="times new roman">&nbsp;&nbsp; </FONT></B></FONT><FONT style="LINE-HEIGHT: 116%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>SEGMENT INFORMATION</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif>The information related to segment information did not have changes in relation to that disclosed in the Company's financial statements as of December 31, 2014 and, accordingly, the Company decided not to repeat it in the condensed interim financial statements.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>According to the Group&#8217;s structure, its businesses are distributed into five (5) operating segments.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face=Arial>PAGE 76 of 86</FONT></P>
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     <TD width="75%" colSpan=2><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE </FONT></B></TD>
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     <TD width="65%"><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>ITR &#8211;&#8211; </FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Quarterly</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> Financial </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Information</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> -</FONT><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>September</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> 30, 2015 &#8211; CIA SIDERURGICA NACIONAL</FONT></FONT></TD>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B></B>&nbsp;</P>
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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">9/30/2015</FONT></B></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Income Statement</FONT></B></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Steel</FONT></B></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Mining</FONT></B></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Logistics</FONT></B></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Energy</FONT></B></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Cement</FONT></B></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Corporate expenses/ elimination</FONT></B></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Consolidated</FONT></B></P>
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     <TD style="HEIGHT: 21pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 21pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Port</FONT></B></P>
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     <TD style="HEIGHT: 21pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Railroads</FONT></B></P>
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     <TD style="HEIGHT: 21pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 21pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 21pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 21pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD></TR>
<TR>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Metric tons (thou<FONT style="FONT-SIZE: 8pt" face=Arial>.</FONT>) - (unaudited) (*)</FONT></P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">3,859,824 </FONT></P>
</TD>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">17,692,070 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">1,679,646 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD></TR>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Net revenues</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="28%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Domestic market</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">5,284,115 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">86,840 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">150,387 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">826,422 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">183,960 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">329,523 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(812,994)</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">6,048,253 </FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="28%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Foreign market</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">3,339,901 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">2,193,328 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">71,900 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">5,605,129 </FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="28%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Total net revenue (Note 20)</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">8,624,016 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">2,280,168 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">150,387 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">826,422 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">183,960 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">329,523 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(741,094)</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">11,653,382 </FONT></B></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="28%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Cost of sales and services</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial.sans-serif></FONT><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(6,859,881)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(1,725,772)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(99,896)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(581,275)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(145,392)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(241,096)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">765,281 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(8,888,031)</FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="28%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Gross profit</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">1,764,135 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">554,396 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">50,491 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">245,147 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">38,568 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">88,427 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">24,187 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">2,765,351 </FONT></B></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="28%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">General and administrative expenses</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(687,890)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(47,186)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(15,650)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(66,474)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(17,158)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(52,021)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(476,418)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(1,362,797)</FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="28%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Depreciation (Note 9 a)</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">492,869 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">271,853 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">9,520 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">139,010 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">12,795 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">32,455 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(130,791)</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">827,711 </FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="28%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Proportionate EBITDA of joint ventures</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial.sans-serif></FONT><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">335,177 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">335,177 </FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="28%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Adjusted EBITDA</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">1,569,114 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">779,063 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">44,361 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">317,683 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">34,205 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">68,861 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(247,845)</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">2,565,442 </FONT></B></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="28%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD></TR>
<TR>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="28%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Sales by geographic area</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="28%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&#193;sia</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">15,522 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">2,033,115 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">71,900 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">2,120,537 </FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="28%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">North America</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">1,415,385 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">1,415,385 </FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="28%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Latin America</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">274,614 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">42,730 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">317,344 </FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="28%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Europe</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">1,589,826 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">117,483 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">1,707,309 </FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="28%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Other</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">44,554 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">44,554 </FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="28%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Foreign market</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">3,339,901 </FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">2,193,328 </FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">71,900 </FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">5,605,129 </FONT></B></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="28%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Domestic market</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">5,284,115 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">86,840 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">150,387 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">826,422 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">183,960 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">329,523 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(812,994)</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">6,048,253 </FONT></B></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="28%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">TOTAL</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">8,624,016 </FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">2,280,168 </FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">150,387 </FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">826,422 </FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">183,960 </FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">329,523 </FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(741,094)</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">11,653,382 </FONT></B></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="28%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD></TR>
<TR style="HEIGHT: 30pt">
     <TD style="HEIGHT: 30pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="28%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 30pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 30pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 30pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 30pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 30pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 30pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 30pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 30pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 30pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 30pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 30pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 30pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 30pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 30pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 30pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 30pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="28%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="71%" colSpan=15 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Three-month period ended </FONT></B></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="28%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">30/09/2015</FONT></B></P>
</TD></TR>
<TR>
     <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" rowSpan=2 width="28%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Income Statement</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" rowSpan=2 width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Steel</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" rowSpan=2 width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Mining</FONT></B></P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="17%" colSpan=3 noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Logistics</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" rowSpan=2 width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Energy</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" rowSpan=2 width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Cement</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=middle rowSpan=2 width="8%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Corporate expenses/ elimination</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" rowSpan=2 width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Consolidated</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 21pt">
     <TD style="HEIGHT: 21pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 21pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 21pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 21pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Port</FONT></B></P>
</TD>
     <TD style="HEIGHT: 21pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 21pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Railroads</FONT></B></P>
</TD>
     <TD style="HEIGHT: 21pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 21pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 21pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 21pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="28%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Metric tons (thou<FONT style="FONT-SIZE: 8pt" face=Arial>.</FONT>) - (unaudited) (*)</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">1,191,366 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">6,931,406 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">582,005 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="28%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Net revenues</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="28%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Domestic market</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">1,538,645 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">13,999 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">60,194 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">295,386 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">59,913 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">113,564 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(251,748)</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">1,829,953 </FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="28%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Foreign market</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">1,198,251 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">927,916 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(130)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">2,126,037 </FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="28%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Total net revenue (Note 20)</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">2,736,896 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">941,915 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">60,194 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">295,386 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">59,913 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">113,564 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(251,878)</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">3,955,990 </FONT></B></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="28%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Cost of sales and services</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial.sans-serif></FONT><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(2,269,842)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(624,749)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(37,293)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(202,390)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(50,395)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(99,161)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">268,427 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(3,015,403)</FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="28%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Gross profit</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">467,054 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">317,166 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">22,901 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">92,996 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">9,518 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">14,403 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">16,549 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">940,587 </FONT></B></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="28%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">General and administrative expenses</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(248,924)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(16,316)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(4,058)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(22,494)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(5,978)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(18,584)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(214,527)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(530,881)</FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="28%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Depreciation (Note 9 a)</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">167,761 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">94,495 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">3,175 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">48,010 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">4,278 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">12,881 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(46,067)</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">284,533 </FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="28%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Proportionate EBITDA of joint ventures</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial.sans-serif></FONT><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">159,018 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">159,018 </FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="28%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Adjusted EBITDA</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">385,891 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">395,345 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">22,018 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">118,512 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">7,818 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">8,700 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(85,027)</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">853,257 </FONT></B></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="28%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD></TR>
<TR>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="28%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Sales by geographic area</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="28%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&#193;sia</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">4,910 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">862,602 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(130)</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">867,382 </FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="28%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">North America</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">571,636 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">571,636 </FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="28%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Latin America</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">90,243 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">90,243 </FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="28%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Europe</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">504,698 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">65,314 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">570,012 </FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="28%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Other</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">26,764 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">26,764 </FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="28%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Foreign market</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">1,198,251 </FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">927,916 </FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(130)</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">2,126,037 </FONT></B></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="28%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Domestic market</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">1,538,645 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">13,999 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">60,194 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">295,386 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">59,913 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">113,564 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(251,748)</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">1,829,953 </FONT></B></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="28%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">TOTAL</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">2,736,896 </FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">941,915 </FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">60,194 </FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">295,386 </FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">59,913 </FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">113,564 </FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(251,878)</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">3,955,990 </FONT></B></P>
</TD></TR>
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     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="28%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
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     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
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<DIV align=left><FONT style="LINE-HEIGHT: 116%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></FONT>&nbsp;</DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%">&nbsp;</P>
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<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face=Arial>PAGE 77 of 86</FONT></P>
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     <TD width="75%" colSpan=2><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE </FONT></B></TD>
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<IMG src="x15111317003600.jpg" width=118 height=54>
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     <TD width="65%"><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>ITR &#8211;&#8211; </FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Quarterly</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> Financial </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Information</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> -</FONT><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>September</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> 30, 2015 &#8211; CIA SIDERURGICA NACIONAL</FONT></FONT></TD>
     <TD width="10%"><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face=Arial,sans-serif>Version:1</FONT></TD></TR></TABLE>
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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Nine-month period ended </FONT></B></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B></B>&nbsp;</P>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B></B>&nbsp;</P>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B></B>&nbsp;</P>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B></B>&nbsp;</P>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B></B>&nbsp;</P>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B></B>&nbsp;</P>
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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">9/30/2014</FONT></B></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Income Statement</FONT></B></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Steel</FONT></B></P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B></B>&nbsp;</P>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Mining</FONT></B></P>
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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B></B>&nbsp;</P>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Logistics</FONT></B></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Energy</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" rowSpan=2 width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Cement</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=middle rowSpan=2 width="8%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Corporate expenses/ elimination</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" rowSpan=2 width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Consolidated</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 21pt">
     <TD style="HEIGHT: 21pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 21pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 21pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 21pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Port</FONT></B></P>
</TD>
     <TD style="HEIGHT: 21pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 21pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Railroads</FONT></B></P>
</TD>
     <TD style="HEIGHT: 21pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 21pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 21pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 21pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="28%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Metric tons (thou<FONT style="FONT-SIZE: 8pt" face=Arial>.</FONT>) - (unaudited) (*)</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">3,924,689 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">18,484,709 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">1,640,177 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="28%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Net revenues</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="28%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Domestic market</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">6,679,245 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">252,828 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">146,292 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">837,882 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">248,669 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">331,229 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(776,960)</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">7,719,185 </FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="28%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Foreign market</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">2,077,929 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">3,025,359 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(516,202)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">4,587,086 </FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="28%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Total net revenue (Note 20)</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">8,757,174 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">3,278,187 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">146,292 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">837,882 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">248,669 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">331,229 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(1,293,162)</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">12,306,271 </FONT></B></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="28%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Cost of sales and services</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial.sans-serif></FONT><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(6,651,195)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(2,252,299)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(97,710)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(580,892)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(140,100)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(222,856)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">1,251,970 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(8,693,082)</FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="28%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Gross profit</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">2,105,979 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">1,025,888 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">48,582 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">256,990 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">108,569 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">108,373 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(41,192)</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">3,613,189 </FONT></B></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="28%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">General and administrative expenses</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(495,232)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(49,445)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(1,143)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(75,093)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(14,742)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(50,270)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(344,188)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(1,030,113)</FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="28%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Depreciation (Note 9 a)</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">601,073 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">253,517 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">7,361 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">119,937 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">12,818 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">27,873 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(115,240)</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">907,339 </FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="28%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Proportionate EBITDA of joint ventures</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial.sans-serif></FONT><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">228,482 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">228,482 </FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="28%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Adjusted EBITDA</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">2,211,820 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">1,229,960 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">54,800 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">301,834 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">106,645 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">85,976 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(272,138)</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">3,718,897 </FONT></B></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="28%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD></TR>
<TR>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="28%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Sales by geographic area</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="28%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&#193;sia</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">21,553 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">2,930,527 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">2,952,080 </FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="28%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">North America</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">510,809 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">510,809 </FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="28%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Latin America</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">115,093 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">115,093 </FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="28%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Europe</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">1,414,530 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">94,832 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">1,509,362 </FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="28%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Other</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">15,944 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(516,202)</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(500,258)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="28%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Foreign market</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">2,077,929 </FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">3,025,359 </FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(516,202)</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">4,587,086 </FONT></B></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="28%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Domestic market</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">6,679,245 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">252,828 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">146,292 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">837,882 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">248,669 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">331,229 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(776,960)</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">7,719,185 </FONT></B></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="28%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">TOTAL</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">8,757,174 </FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">3,278,187 </FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">146,292 </FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">837,882 </FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">248,669 </FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">331,229 </FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(1,293,162)</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">12,306,271 </FONT></B></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="28%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD></TR>
<TR style="HEIGHT: 30pt">
     <TD style="HEIGHT: 30pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="28%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 30pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 30pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 30pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 30pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 30pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 30pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 30pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 30pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 30pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 30pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 30pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 30pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 30pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 30pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 30pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 30pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="28%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="71%" colSpan=15 noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Three -month period ended </FONT></B></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="28%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">9/30/2014</FONT></B></P>
</TD></TR>
<TR>
     <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" rowSpan=2 width="28%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Income Statement</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" rowSpan=2 width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Steel</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" rowSpan=2 width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Mining</FONT></B></P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="17%" colSpan=3 noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Logistics</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" rowSpan=2 width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Energy</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" rowSpan=2 width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Cement</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=middle rowSpan=2 width="8%">
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Corporate expenses/ elimination</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: black 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" rowSpan=2 width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Consolidated</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 21pt">
     <TD style="HEIGHT: 21pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 21pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 21pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 21pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Port</FONT></B></P>
</TD>
     <TD style="HEIGHT: 21pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 21pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Railroads</FONT></B></P>
</TD>
     <TD style="HEIGHT: 21pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 21pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 21pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 21pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="28%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Metric tons (thou<FONT style="FONT-SIZE: 8pt" face=Arial>.</FONT>) - (unaudited) (*)</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">1,273,924 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">6,682,099 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">588,994 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="28%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Net revenues</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="28%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Domestic market</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">2,138,428 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">70,903 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">39,308 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">334,640 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">96,948 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">119,990 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(316,059)</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">2,484,158 </FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="28%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 8pt"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Foreign market</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">649,297 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">843,078 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(93,547)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">1,398,828 </FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="28%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Total net revenue (Note 20)</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">2,787,725 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">913,981 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">39,308 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">334,640 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">96,948 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">119,990 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(409,606)</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">3,882,986 </FONT></B></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="28%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Cost of sales and services</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial.sans-serif></FONT><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(2,173,391)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(795,965)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(32,728)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(219,481)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(48,986)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(85,992)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">444,582 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(2,911,961)</FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="28%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Gross profit</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">614,334 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">118,016 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">6,580 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">115,159 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">47,962 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">33,998 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">34,976 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">971,025 </FONT></B></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="28%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">General and administrative expenses</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(161,094)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(13,474)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(341)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(25,364)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(5,284)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(18,327)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(154,638)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(378,522)</FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="28%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Depreciation (Note 9 a)</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">204,563 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">98,630 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">3,368 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">42,177 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">4,273 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">10,057 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(37,323)</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">325,745 </FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="28%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Proportionate EBITDA of joint ventures</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial.sans-serif></FONT><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">58,259 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">58,259 </FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="28%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Adjusted EBITDA</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">657,803 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">203,172 </FONT></B></P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">9,607 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">131,972 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">46,951 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">25,728 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(98,726)</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">976,507 </FONT></B></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="28%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD></TR>
<TR>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="28%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Sales by geographic area</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="28%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&#193;sia</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">5,154 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">810,486 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">815,640 </FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="28%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">North America</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">178,882 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">178,882 </FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="28%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Latin America</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">47,706 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">47,706 </FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="28%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Europe</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">407,343 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">32,592 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">439,935 </FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="28%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Other</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">10,212 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(93,547)</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(83,335)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="28%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Foreign market</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">649,297 </FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">843,078 </FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(93,547)</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">1,398,828 </FONT></B></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="28%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Domestic market</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">2,138,428 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">70,903 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">39,308 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">334,640 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">96,948 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">119,990 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(316,059)</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">2,484,158 </FONT></B></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="28%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">TOTAL</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">2,787,725 </FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">913,981 </FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">39,308 </FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">334,640 </FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">96,948 </FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">119,990 </FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">(409,606)</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">3,882,986 </FONT></B></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="28%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="8%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD></TR></TABLE>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%">&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;</FONT><FONT style="LINE-HEIGHT: 116%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>(*) The ore sales volumes presented in this note take into consideration Company sales and the interest in its subsidiaries and jointly controlled entities (Namisa 60%).</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>Adjusted EBITDA is the tool based on which the chief operating decision maker measures segment performance and the capacity to generate recurring operating cash, and consists of profit for the year less net finance income (expenses), income tax and social contribution, depreciation and amortization, share of profits of investments, and other operating income (expenses), plus the proportional EBITDA of jointly controlled entities. </FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>Even though it is an indicator used in segment performance measurements, EBITDA is not a measurement recognized by accounting practices adopted in Brazil or IFRS, does not have a standard definition, and may not be comparable with measurements using similar names provided by other entities. </FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>As required by IFRS 8, the table below shows the reconciliation of the measurement used by the chief operating decision maker with the results determined using the accounting practices.</FONT></FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face=Arial>PAGE 78 of 86</FONT></P>
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     <TD width="75%" colSpan=2><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE </FONT></B></TD>
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<IMG src="x15111317003600.jpg" width=118 height=54>
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     <TD width="65%"><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>ITR &#8211;&#8211; </FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Quarterly</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> Financial </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Information</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> -</FONT><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>September</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> 30, 2015 &#8211; CIA SIDERURGICA NACIONAL</FONT></FONT></TD>
     <TD width="10%"><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face=Arial,sans-serif>Version:1</FONT></TD></TR></TABLE>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT face=Arial></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>
<TR style="HEIGHT: 12.75pt">
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="34%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Consolidated</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="34%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="31%" colSpan=3 noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Nine-month period ended </FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="30%" colSpan=3 noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Three-month period ended </FONT></B></P>
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     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>9/30/2015</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>9/30/2014</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>9/30/2015</FONT></B></P>
</TD>
     <TD style="BORDER-TOP: #000000 1px solid; HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>9/30/2014</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="34%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Profit for the period</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(755,442)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(179,259)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(532,651)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(250,388)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="34%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Depreciation (Note 9 a)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>827,711 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>907,339 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>284,533 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>325,745 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="34%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Income tax and social contribution (Note 14)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(338,255)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>75,274 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>169,398 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>32,798 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="34%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Finance income (Note 23)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>3,190,262 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>2,500,593 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1,548,867 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>944,459 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="34%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>EBITDA</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.75pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>2,924,276 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.75pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>3,303,947 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.75pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1,470,147 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.75pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>1,052,614 </FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="34%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Other operating income (expenses) (Note 22)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>521,773 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>271,157 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>85,220 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>63,215 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="34%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Equity pickup</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(1,215,784)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(84,689)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(861,128)</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(197,581)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="34%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Proportionate EBITDA of jointly controlled entities</FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>335,177 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>228,482 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>159,018 </FONT></P>
</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>58,259 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="34%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Adjusted</FONT></B><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif> EBITDA (*)</FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.75pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>2,565,442 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.75pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>3,718,897 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.75pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>853,257 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12.75pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="2%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12.75pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>976,507 </FONT></B></P>
</TD></TR></TABLE><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif></FONT></FONT></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif>(*) The Company discloses its adjusted EBITDA net of its share of profits of investments and other operating income (expenses) because it understands that these should not be included in the calculation of recurring operating cash generation.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>25. GUARANTEES</FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>The Company is liable for guarantees for its subsidiaries and joint ventures, as follows: </FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></FONT>&nbsp;</P>
<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="21%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="79%" colSpan=19 noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT color=#000000></FONT></P>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"></P>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"></P>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"></P>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"></P>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"></P>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"></P>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"></P>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"></P>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"></P>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"></P>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"></P>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"></P>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"></P>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B></P>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B></P>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"></P>
<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="21%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="5%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Currency</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Maturities</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="15%" colSpan=3 noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Borrowings</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="13%" colSpan=3 noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Tax foreclosure</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="13%" colSpan=3 noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Other</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="13%" colSpan=3 noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Total</FONT></B></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="21%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="5%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="15%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">9/30/2015</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="7%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">12/31/2014</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">9/30/2015</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">12/31/2014</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">9/30/2015</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">12/31/2014</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">9/30/2015</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="6%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">12/31/2014</FONT></B></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="21%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Transnordestina Log&#237;sitca</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="5%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">R$</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Up to 9/19/2056 and indefinite</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">2,530,010 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">2,451,682 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">38,766 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">38,766 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">6,783 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">5,975 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">2,575,559 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">2,496,423 </FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="21%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">FTL - Ferrovia Transnordestina</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="5%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">R$</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">11/15/2020</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">90,200 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">140,550 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">450 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">142 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">90,650 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">140,692 </FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="21%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">CSN Cimentos (*)</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="5%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">26,423 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">39,776 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">66,199 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 21pt">
     <TD style="HEIGHT: 21pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="21%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Cia Metalurgica Prada </FONT></P>
</TD>
     <TD style="HEIGHT: 21pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="5%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">R$</FONT></P>
</TD>
     <TD style="HEIGHT: 21pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 21pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Up to 2/10/2016 and indefinite</FONT></P>
</TD>
     <TD style="HEIGHT: 21pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 21pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="7%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 21pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 21pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="7%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 21pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 21pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">333 </FONT></P>
</TD>
     <TD style="HEIGHT: 21pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 21pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">10,133 </FONT></P>
</TD>
     <TD style="HEIGHT: 21pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 21pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">19,340 </FONT></P>
</TD>
     <TD style="HEIGHT: 21pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 21pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">19,340 </FONT></P>
</TD>
     <TD style="HEIGHT: 21pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 21pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">19,673 </FONT></P>
</TD>
     <TD style="HEIGHT: 21pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 21pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">29,473 </FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="21%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">CSN Energia</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="5%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">R$</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="15%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Indefinite</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">2,829 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">2,829 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">2,829 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">2,829 </FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="21%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Congonhas Min&#233;rios</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="5%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">R$</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">5/21/2019</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">2,000,000 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">2,000,000 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">2,000,000 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">2,000,000 </FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="21%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Funda&#231;&#227;o CSN</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="5%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">R$</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="15%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Indefinite</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">1,003 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">1,003 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">1,003 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">1,003 </FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="21%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Estanho de Rond&#244;nia </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="5%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="15%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="7%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="7%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">106 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">106 </FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="21%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Outros (**)</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="5%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">R$</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">12/31/2015</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">12,000 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">12,000 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 6pt">
     <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="21%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="5%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="15%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="7%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="7%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="21%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Total em R$</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="5%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">4,633,213 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">4,593,235 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">41,928 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">78,151 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">26,573 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">65,339 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">4,701,714 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">4,736,725 </FONT></B></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="21%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">CSN Islands IX</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="5%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="15%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">400,000 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">400,000 </FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="21%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">CSN Islands XI</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="5%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">US$</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">9/21/2019</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">750,000 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">750,000 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">750,000 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">750,000 </FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="21%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">CSN Islands XII</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="5%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">US$</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="15%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Perpetual</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">1,000,000 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">1,000,000 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">1,000,000 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">1,000,000 </FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="21%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">CSN Resources</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="5%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">US$</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">7/21/2020</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">1,200,000 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">1,200,000 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">1,200,000 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">1,200,000 </FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="21%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">CSN Handel</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="5%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="15%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">100,000 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">100,000 </FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="21%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Total em US$</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="5%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">2,950,000 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">3,450,000 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">2,950,000 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">3,450,000 </FONT></B></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="21%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="5%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="15%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="7%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="7%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="21%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">CSN Steel S<FONT style="FONT-SIZE: 8pt" face=Arial>.</FONT>L<FONT style="FONT-SIZE: 8pt" face=Arial>.</FONT></FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="5%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">EUR</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">1/31/2020</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">120,000 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">120,000 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">120,000 </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">120,000 </FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="21%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Lusosider A&#231;os Planos</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="5%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">EUR</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="15%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Indefinite</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">25,000 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">25,000 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">25,000 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">25,000 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 6pt">
     <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="21%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="5%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="15%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="7%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="7%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="HEIGHT: 6pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="21%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Total in EUR</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="5%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="15%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal">&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">145,000 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">145,000 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">145,000 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">145,000 </FONT></B></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="21%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">Total in R$</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="5%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="15%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">12,363,116 </FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">9,631,805 </FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">12,363,116 </FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">9,631,805 </FONT></B></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="21%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="5%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="15%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" width="1%" noWrap>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">16,996,329 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="7%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">14,225,040 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">41,928 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">78,151 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">26,573 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">65,339 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">17,064,830 </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2px double; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap align=right>
<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 8pt; FONT-FAMILY: arial">14,368,530 </FONT></B></P>
</TD></TR></TABLE><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>(*) Company incorporated in May 2015.</FONT></FONT>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><FONT lang=PT-BR style="FONT-SIZE: 9pt" face=arial,sans-serif>(**) Guarantees for the subsidiaries Companhia Metalurgica Prada, Cia Metalic Nordeste, Sepetiba Tecon, Nacional Min&#233;rios, CSN Energia and Ersa.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face=Arial>PAGE 79 of 86</FONT></P>
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     <TD width="75%" colSpan=2><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE </FONT></B></TD>
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     <TD width="65%"><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>ITR &#8211;&#8211; </FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Quarterly</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> Financial </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Information</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> -</FONT><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>September</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> 30, 2015 &#8211; CIA SIDERURGICA NACIONAL</FONT></FONT></TD>
     <TD width="10%"><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face=Arial,sans-serif>Version:1</FONT></TD></TR></TABLE>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><FONT lang=PT-BR style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><FONT lang=PT-BR style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif>26. INSURANCE </FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>Aiming to properly mitigate risk and in view of the nature of its operations, the Company and its subsidiaries have taken out several different types of insurance policies. Such policies are contracted in line with the CSN Risk Management policy and are similar to the insurance taken out by other companies operating in the same lines of business as CSN and its subsidiaries. The risks covered under such policies include the following: Domestic Transportation, International Transportation, Carrier&#8217;s Civil Liability, Life and Casualty, Health Coverage, Fleet Vehicles, D&amp;O (Civil Liability Insurance for Directors and Officers),</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>General Civil Liability, Engineering Risks, Sundry Risks, Export Credit, Performance Bond and Port Operator&#8217;s Civil Liability.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>In 2015, after negotiation with insurers and reinsurers in Brazil and abroad, an Insurance Issue Certificate was issued for the contracting of a policy of Operational Risk of Property Damages and Loss of Profits, with effect from September 30, 2015 to September 30, 2016. Under the insurance policy, the LMI (Maximum Limit of Indemnity) is US$600,000,000 and covers the following units and subsidiaries of the Company: &nbsp;Usina Presidente Vargas, Minera&#231;&#227;o Casa de Pedra, CSN Paran&#225;, Terminal de Cargas Tecar, Terminal Tecon, Namisa, CSN Handel and Namisa Handel. CSN takes responsibility for a range of retention of US$375,000,000 in excess of the deductibles for property damages and loss of profits.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>In view of their nature, the risk assumptions adopted are not part of the scope of an audit of financial statements and, accordingly, were not audited by our independent auditors.</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif>27. ADDITIONAL INFORMATION TO CASH FLOWS </FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0.25in; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>As mentioned in note 7, on May 1<SUP>st</SUP>, 2015, the Company incorporated the subsidiary CSN Cimentos S.A. Part of the net assets, as shown below, are not included in the statement of cash flows:</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>
<TR style="HEIGHT: 12pt">
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     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="29%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>05/01/2015</FONT></B></P>
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     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="71%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="29%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Closing balance</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Trades receivable</FONT></P>
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     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="29%" noWrap>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>433,542 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="71%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Inventories</FONT></P>
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     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="29%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>21,814 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="71%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Deferred taxes</FONT></P>
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     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="29%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>29,042 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="71%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Other current assets and non current assets</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="29%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>21,452 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="71%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Available-for-sale investments</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="29%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>93,564 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="71%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Property, plant and equipment and Intangible assets</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="29%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>397,570 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="71%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Trade payables</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="29%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(30,180)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="71%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Other current liabilities and non current liabilities</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="29%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>(35,544)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="71%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Net assets</FONT></B></P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="29%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>931,260 </FONT></B></P>
</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif>Additionally, the table below shows the additional information about transactions related to the statements of cash flows:</FONT></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="35%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Consolidated</FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>Parent Company</FONT></B></P>
</TD></TR>
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     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="35%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>09/30/2015</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>12/31/2014</FONT></B></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>09/30/2015</FONT></B></P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="3%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 11.25pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="14%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>12/31/2014</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="35%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Income tax and social contribution paid</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>134,667 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>98,040 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>120,075 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 11.25pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>20,470 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="35%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Increase of PP&amp;E with interest capitalization</FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>116,122 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>165,789 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>116,122 </FONT></P>
</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>&nbsp;</TD>
     <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>165,789 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="35%" noWrap>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>250,789 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>263,829 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>236,197 </FONT></B></P>
</TD>
     <TD style="HEIGHT: 12pt; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="3%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 12pt; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="14%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" face=arial,sans-serif>186,259 </FONT></B></P>
</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face=Arial>PAGE 80 of 86</FONT></P>
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     <TD width="75%" colSpan=2><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE </FONT></B></TD>
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<IMG src="x15111317003600.jpg" width=118 height=54>
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     <TD width="65%"><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>ITR &#8211;&#8211; </FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Quarterly</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> Financial </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>Information</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> -</FONT><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> </FONT></FONT><FONT color=black face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 8pt" color=black face=arial,sans-serif>September</FONT></FONT><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 8pt" color=black face=arial,sans-serif> 30, 2015 &#8211; CIA SIDERURGICA NACIONAL</FONT></FONT></TD>
     <TD width="10%"><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face=Arial,sans-serif>Version:1</FONT></TD></TR></TABLE>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><B><FONT lang=PT-BR style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><B><FONT lang=PT-BR style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><B><FONT lang=PT-BR style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif>28. STATEMENT OF COMPREHENSIVE INCOME </FONT></B></FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><STRONG><FONT face=Arial></FONT></STRONG>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%">&nbsp;</P>
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<DIV align=left>
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>
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     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="29%" noWrap><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="35%" colSpan=7 noWrap align=right><FONT style="FONT-SIZE: 7pt">
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT face=arial,sans-serif></FONT></B></P>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=Calibri,sans-serif></FONT></P>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT face=arial,sans-serif></FONT></B></P>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=Calibri,sans-serif></FONT></P>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=Calibri,sans-serif></FONT></P>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=Calibri,sans-serif></FONT></P>
</FONT>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 7pt"><FONT face=arial,sans-serif>Consolidated </FONT></FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="35%" colSpan=7 noWrap align=right><FONT style="FONT-SIZE: 7pt">
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT face=arial,sans-serif></FONT></B></P>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=Calibri,sans-serif></FONT></P>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT face=arial,sans-serif></FONT></B></P>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=Calibri,sans-serif></FONT></P>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=Calibri,sans-serif></FONT></P>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=Calibri,sans-serif></FONT></P>
</FONT>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 7pt"><FONT face=arial,sans-serif>Parent Company </FONT></FONT></B></P>
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     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="29%" noWrap><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>Nine-month period ended </FONT></B></P>
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     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT color=#000000 face=Calibri,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%" colSpan=3 noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>Three-month period ended </FONT></B></P>
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     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%" colSpan=3 noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>Nine-month period ended </FONT></B></P>
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     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT color=#000000 face=Calibri,sans-serif></FONT>&nbsp;</P>
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     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%" colSpan=3 noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>Three-month period ended </FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>9/30/2015</FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>09/30/2014</FONT></B></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>9/30/2015</FONT></B></P>
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<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>09/30/2014</FONT></B></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>9/30/2015</FONT></B></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><B><FONT face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>09/30/2014</FONT></B></P>
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     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>9/30/2015</FONT></B></P>
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     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><B><FONT face=arial,sans-serif></FONT></B>&nbsp;</P>
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     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=center><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>09/30/2014</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(Loss) Profit for the period </FONT></B></P>
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     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(755,442)</FONT></B></P>
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     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(179,259)</FONT></B></P>
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     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(532,651)</FONT></B></P>
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     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(250,388)</FONT></B></P>
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     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(754,725)</FONT></B></P>
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     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(173,056)</FONT></B></P>
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     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(532,513)</FONT></B></P>
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     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="8%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(250,105)</FONT></B></P>
</TD></TR>
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     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
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     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD></TR>
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<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>Other comprehensive income </FONT></B></P>
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     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
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     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
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     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
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     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD></TR>
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<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 16.05pt"><B><FONT style="FONT-SIZE: 7pt" color=#000000 face=arial,sans-serif>Items that will not be subsequently reclassified to the statement of income</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
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<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 24pt"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>Actuarial gains on the defined benefit plan from investments in subsidiaries </FONT></P>
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<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT></P>
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<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>1,710 </FONT></P>
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<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT></P>
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     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
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<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(96)</FONT></P>
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     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>1,710 </FONT></P>
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     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD></TR>
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<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 24pt"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>Actuarial (losses) gains on defined benefit pension plan </FONT></P>
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<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>202 </FONT></P>
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<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>348 </FONT></P>
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<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 24pt"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>Income tax and social contribution on actuarial (losses) gains on defined benefit pension plan </FONT></P>
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<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(68)</FONT></P>
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     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
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     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(118)</FONT></P>
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     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD></TR>
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<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 24.1pt"><B><FONT face=arial,sans-serif></FONT></B>&nbsp;</P>
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     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>134 </FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT face=arial,sans-serif></FONT></B>&nbsp;</P>
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     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>1,710 </FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT face=arial,sans-serif></FONT></B>&nbsp;</P>
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     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT face=arial,sans-serif></FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT face=arial,sans-serif></FONT></B>&nbsp;</P>
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     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT face=arial,sans-serif></FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>134 </FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT face=arial,sans-serif></FONT></B>&nbsp;</P>
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     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>1,710 </FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT face=arial,sans-serif></FONT></B>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT face=arial,sans-serif></FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT face=arial,sans-serif></FONT></B></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="29%" noWrap><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="29%">
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 16.05pt"><B><FONT style="FONT-SIZE: 7pt" color=#000000 face=arial,sans-serif>Items that could be subsequently reclassified to the statement of income</FONT></B></P>
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     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="29%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 24pt"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>Cumulative translation adjustments for the period </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>719,875 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(26,602)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>550,919 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>60,745 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>719,875 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(26,602)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>550,919 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>60,745 </FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="29%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 24pt"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>Available-for-sale assets </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(474,694)</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(1,241,037)</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(445,407)</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(151,034)</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(443,153)</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(1,208,939)</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(445,407)</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(149,474)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="29%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 24pt"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>Income tax and social contribution on available-for-sale assets </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>9,957 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>421,952 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>51,351 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(767)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>411,039 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>50,821 </FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="29%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 24pt"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>Available-for-sale assets from investments in subsidiaries</FONT></P>
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     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(20,817)</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(17,470)</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="29%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 24pt"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>Impairment of available-for-sale assets</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>178,867 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>72,104 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>81,016 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>19,989 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>178,867 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>66,476 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>81,016 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>18,429 </FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="29%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 24pt"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>Income tax and social contribution on impairment of available-for-sale assets</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(33,269)</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(24,515)</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(6,796)</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(33,269)</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(22,602)</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(6,266)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="29%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 24pt"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(Loss) gain on percentage change in investments </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>202 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(73,054)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>245 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(73,054)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>202 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(73,054)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>245 </FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(73,054)</FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="29%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 24pt"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(Loss) gain on cash flow hedge accounting </FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(1,517,306)</FONT></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(1,171,346)</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(1,517,306)</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
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     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(1,171,346)</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 24pt"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>Income tax and social contribution on (loss) gain on cash flow hedge accounting </FONT></P>
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<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>117,626 </FONT></P>
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     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>117,626 </FONT></P>
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     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
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     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
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<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 24pt"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(Loss) gain on hedge from investments in subsidiaries </FONT></P>
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<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
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     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(42,288)</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(42,288)</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD></TR>
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<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 24pt"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(Loss) gain on hedge of net investments in foreign subsidiaries </FONT></P>
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     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(42,288)</FONT></P>
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     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(42,288)</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
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     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD></TR>
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<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal; TEXT-INDENT: 24.1pt"><B><FONT face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(1,041,030)</FONT></B></P>
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     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(871,152)</FONT></B></P>
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     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(1,026,861)</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(98,799)</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(1,041,030)</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(871,152)</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(1,026,861)</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(98,799)</FONT></B></P>
</TD></TR>
<TR>
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     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
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     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="29%" noWrap><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(1,040,896)</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(869,442)</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(1,026,861)</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(98,799)</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(1,040,896)</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(869,442)</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(1,026,861)</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(98,799)</FONT></B></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="29%" noWrap><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="29%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>Total comprehensive income for the period </FONT></B></P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(1,796,338)</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(1,048,701)</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(1,559,512)</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(349,187)</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(1,795,621)</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(1,042,498)</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(1,559,374)</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-TOP: windowtext 1pt solid; BACKGROUND: #dce6f1; BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>(348,904)</FONT></B></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="29%" noWrap><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD></TR>
<TR>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="29%" noWrap>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>Attributable to: </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT face=arial,sans-serif></FONT></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="1%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #dce6f1; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="8%" noWrap align=right>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>Owners of the Company </FONT></P>
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<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 7pt" face=arial,sans-serif>Non-controlling interests </FONT></P>
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<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face=Arial>PAGE 81 of 86</FONT></P>
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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 116%"><B><FONT lang=PT-BR style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: both" face=Arial,sans-serif></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%"><FONT style="LINE-HEIGHT: 115%"><B><FONT lang=PT-BR style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 12pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">(Convenience Translation into English from the Original Previously Issued in Portuguese)</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 12pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; TEXT-DECORATION: none" face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 12pt"><U><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">REPORT ON REVIEW OF INTERIM FINANCIAL INFORMATION</FONT></U></P>
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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 12.5pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="times new roman">To the Board of Directors and Shareholders of</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 12.5pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman">Companhia Sider&#250;rgica Nacional</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 12pt; LINE-HEIGHT: 12.5pt"><U><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="Times New Roman">S&#227;o Paulo &#8211; SP</FONT></U></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 12pt; LINE-HEIGHT: 12.5pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt" color=black face="Times New Roman">Introduction</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 12pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" color=black face="Times New Roman">We have reviewed the accompanying individual and consolidated interim financial information of Companhia Sider&#250;rgica Nacional (the &#8220;Company&#8221;), identified as Parent and Consolidated, respectively, included in the Interim Financial Information Form (ITR), for the three-month period ended September 30, 2015, which comprises the balance sheet as of September 30, 2015 and the related statements of income, comprehensive income, changes in equity and cash flows for the three and nine-month period then ended, including the explanatory notes.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 12pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" color=black face="Times New Roman">The Company&#8217;s Management is responsible for the preparation of the individual and consolidated interim financial information in accordance with technical pronouncement CPC 21 (R1) - Interim Financial Information and international standard IAS 34 - Interim Financial Reporting, issued by the International Accounting Standards Board - IASB, as well as for the presentation of such information in accordance with the standards issued by the Brazilian Securities and Exchange Commission (CVM), applicable to the preparation of the Interim Financial Information (ITR). Our responsibility is to express a conclusion on this interim financial information based on our review.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 12pt; LINE-HEIGHT: 12.5pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt" color=black face="Times New Roman">Scope of review</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 12pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" color=black face="Times New Roman">We conducted our review in accordance with Brazilian and international standards on review of interim financial information (NBC TR 2410 and ISRE 2410 - Review of Interim Financial Information Performed by the Independent Auditor of the Entity, respectively). A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with standards on auditing and, consequently, does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 12pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt" color=black face="Times New Roman">Conclusion on interim financial information</FONT></B></P>
<P style="MARGIN: 0cm 0cm 0pt" align=justify><FONT lang=EN-US style="FONT-SIZE: 12pt" color=black face="Times New Roman">Based on our review, nothing has come to our attention that causes us to believe that the accompanying individual and consolidated interim financial information included in the interim financial information referred to above was not prepared, in all material respects, in accordance with CPC 21 (R1) and IAS 34, applicable to the preparation of Interim Financial Information (ITR), and presented in accordance with the standards issued by the CVM.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%">&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><FONT lang=PT-BR style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face=Arial>PAGE 82 of 86</FONT></P>
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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 116%">&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 12pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt" color=black face="Times New Roman">Other matters</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 12pt"><I><FONT lang=EN-US style="FONT-SIZE: 12pt" color=black face="Times New Roman">Statements of value added</FONT></I></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 12pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">We have also reviewed the individual and consolidated statements of value added (DVA) for the nine-month period ended September 30, 2015, prepared under the responsibility of the Company&#8217;s Management, the presentation of which is required by the standards issued by the CVM applicable to the preparation of Interim Financial Information (ITR) and considered as supplemental information for International Financial Reporting Standards - IFRSs, which do not require the presentation of DVA. These statements were subject to the same review procedures described above, and, based on our review, nothing has come to our attention that causes us to believe that they were not prepared, in all material respects, consistently with the individual and consolidated interim financial information taken as a whole.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 12pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">The accompanying individual and consolidated interim financial information has been translated into English for the convenience of readers outside Brazil.</FONT></P>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">S&#227;o Paulo, November 12, 2015</FONT></P>
<P style="MARGIN: 0cm 0cm 10pt; LINE-HEIGHT: 115%"><FONT lang=PT-BR style="FONT-SIZE: 11pt" face=Calibri,sans-serif></FONT>&nbsp;</P>
<P style="MARGIN: 0cm 0cm 10pt; LINE-HEIGHT: 115%">&nbsp;</P>
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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 12pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="times new roman">DELOITTE TOUCHE TOHMATSU</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="43%">
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 12pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="times new roman">Gilberto Grandolpho</FONT></P>
</TD></TR>
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     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="57%">
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 12pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="times new roman">Auditores Independentes</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="43%">
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 12pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="times new roman">Engagement Partner</FONT></P>
</TD></TR>
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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 12pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="times new roman"></FONT>&nbsp;</P>
</TD>
     <TD style="HEIGHT: 4pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="43%">
<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 12pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="times new roman"></FONT>&nbsp;</P>
</TD></TR></TABLE></DIV>
<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%"><B><FONT lang=PT-BR style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=Arial,sans-serif></FONT></B></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%">&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%"><FONT style="LINE-HEIGHT: 115%" face=arial,sans-serif><FONT lang=PT-BR style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=arial,sans-serif></FONT>&nbsp;</P>
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<P style="TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face=Arial>PAGE 83 of 86</FONT></P>
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<DIV align=center><FONT color=#000000 size=3 face="Times New Roman">SIGNATURE </FONT></DIV>

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<DIV><FONT size=1></FONT>&nbsp;</DIV>

<DIV style="TEXT-INDENT: 4%"><FONT color=#000000 size=3 face="Times New Roman">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 color=#000000 size=3 face="Times New Roman">Date:&nbsp;November 24, 2015</FONT></DIV>

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   <TD vAlign=top width="50%" colSpan=2>

   <DIV align=left><FONT color=#000000 size=3 face="Times New Roman">COMPANHIA SIDER&#218;RGICA NACIONAL </FONT></DIV></TD></TR>

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   <DIV align=left><FONT color=#000000 size=3 face="Times New Roman"></FONT></DIV></TD></TR>

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   <DIV align=left><FONT color=#000000 size=2 face="Times New Roman">By:</FONT></DIV></TD>

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   <DIV align=center><FONT color=#000000 size=2 face="Times New Roman">/<SMALL>S</SMALL>/&nbsp;Benjamin Steinbruch </FONT></DIV>

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   <TD vAlign=bottom width="45%" align=center>

   <DIV align=left><FONT color=#000000 size=2 face="Times New Roman"><B>Benjamin Steinbruch </B></FONT></DIV>

   <DIV align=left><FONT color=#000000 size=2 face="Times New Roman"><B>Chief Executive Officer <BR><BR></B></FONT></DIV></TD></TR></TABLE></DIV>

<P></P>

<P>&nbsp;</P>

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   <DIV align=left>&nbsp;</DIV></TD></TR>

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   <DIV align=left><FONT color=#000000 size=3 face="Times New Roman"></FONT></DIV></TD></TR>

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   <DIV align=left><FONT color=#000000 size=2 face="Times New Roman">By:</FONT></DIV></TD>

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   <DIV align=center><FONT color=#000000 size=2 face="Times New Roman">/<SMALL>S</SMALL>/&nbsp;Gustavo Henrique Santos de Sousa </FONT></DIV>

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   <DIV align=left><FONT color=#000000 size=2 face="Times New Roman"><B>Gustavo Henrique Santos de Sousa </B></FONT></DIV>

   <DIV align=left><FONT color=#000000 size=2 face="Times New Roman"><B>Controllership, Taxes and Investor Relations Executive Officer <BR><BR></B></FONT></DIV></TD></TR></TABLE></DIV>

<DIV>&nbsp;</DIV>

<DIV><FONT size=1></FONT>&nbsp;</DIV>

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<DIV><FONT size=1></FONT>&nbsp;</DIV>

<DIV align=center><FONT color=#000000 size=3 face="Times New Roman"><B>FORWARD-LOOKING STATEMENTS </B></FONT></DIV>

<P></P>

<P align=justify><FONT size=2 face="Times New Roman, Times, Serif">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>

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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
