Sociedade Lusa de Negócios

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Loreen Hunter
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2 Sociedade Lusa de Negócios Group structure: Ownership Structure: The BPN Group is 100%-owned by SLN Sociedade Lusa de Negócios -SGPS, S.A., the Group s holding company. SLN is owned, directly and/or indirectly, by approximately 500 shareholders, with no single shareholder owning more than 6.5% of the capital. The majority of SLN s shareholders are medium-size companies and individuals residing in Portugal. Sociedade Lusa de Negócios -SLN was created in 1999 to be the holding structure of the whole group and to allow a clear and complete separation between financial and non-financial activities.

SLN is owned, directly and/or indirectly, by approximately 500 shareholders, with no single shareholder owning more than 6.5% of the capital.

3 Sociedade Lusa de Negócios SLN is one of the largest conglomerates in Portugal, the financial sector being the most relevant.

4 BANCO PORTUGUÊS DE NEGÓCIOS BPN Merger of Soserfin and Norcrédito New Shareholders Structure Acquisition of Banco Efisa (Investment Bank) 193 Branches 205 Branches Private and Investment Bank Financial and advisory services to corporates Change of Strategy Beginning of the existing retail network Universal Bank Expansion of the retail network Coverage of the main business regions in Portugal Change in the strategy focus Increase the client base and crossselling

services to corporates Change of Strategy Beginning of the existing retail network Universal Bank Expansion of the retail

5 BANCO PORTUGUÊS DE NEGÓCIOS BPN Network North 116 branches Branches Employees BPN is present in all the main business centres in Portugal Center/South 89 branches International Presence BPN Brasil BPN France (5 branches) BPN Cayman (Off-shore) BPN IFI Cape Verde (Offshore)

193 BPN is present in all the main business centres in Portugal

6 BANCO PORTUGUÊS DE NEGÓCIOS Created in 1993 Currently branches in Portugal and 5 in France Activities Areas: Investment Funds Savings Account Personal Credit Corporate Credit Financial Advisory Credit Cards thousand dec/2005 dec/2006 Net Result Net Assets ROAE 15,06% 19,02%

Personal Credit Corporate Credit Financial Advisory Credit Cards thousand

7 BANCO PORTUGUÊS DE NEGÓCIOS Baa1 Moody's ratings reflect the bank's niche franchise in SME banking in Portugal, as well as its good funding profile and stable profitability ( ) still strong net interest margin as well as its good potential in diversification and from its credit card processing plans. The BPN group has a nation wide coverage and focuses primarily on the SME market in Portugal where it has seen strong growth in recent years and it considers this and its good levels of service as advantages against its larger competitors.

8 BANCO PORTUGUÊS DE NEGÓCIOS

9 Banco Efisa was established in December 1994, having been acquired by BPN in The Bank has distinguished itself in the specialised areas of financial consultancy directed at Corporate and Project Finance for large-scale infrastructure developments, namely as advisor to the State, and in the raising of finance for international trade in niche segments. Banco Efisa maintains a strong presence in several areas, namely: Corporate Banking, Corporate Finance and Private Equity

Finance for large-scale infrastructure developments, namely as advisor to the State, and in the raising of finance for

10 Ownership Structure Holding Company Financial Holding BPN S.A. BPN Part. Finan. SGPS 20% 80% BPN Part. Brazil BPN Brasil Banco Multiplo S.A.

11 Banco Africano de Investimentos - BAI Banco Africano de Investimentos First private Angolan bank, founded in November Shareholders include: Financial Highlights: thousand USD dec/2005 dec/2006 Net Result Net Assets ROE 45% 38% In Oct / 2004, NOSSA Nova Sociedade de Seguros de Angola was created through a partnership between BAI, BPN Group and IFC (International Finance Corporation). Late in 2004, BAI entered into a joint venture together with Sonangol (Public Petroleum Company) and the Norwegian Government s private equity group Norfund to establish the Angola Capital Partners. Angolan Economy: 17.6% GDP growth in Open to international trade exports represent 73%.

876 ROE 45% 38% In Oct / 2004, NOSSA Nova Sociedade de Seguros de Angola was created through a partnership between BAI, BPN Group and IFC (International Finance Corporation).

12 Acquisition date: 12/2002 Multiple Bank focused in: Corporate Banking: Local Currency Loans, Banking Guarantees, Performance Bonds, Trade Finance (Pre Export, Import Financing, Pre-Payment, LCs, SBLCs), BNDES Financing. Investment Banking: Mergers & Acquisitions, Financial Advisory & Arrangement, Structured Finance, Capital Markets. Treasury: CDs, Governments and Private Securities, Foreign Exchange, Derivatives, Interbank Transactions.

13 Business Network 115 agências no Norte BPN Brasil is present in the main Brazilian States through correspondent bankers. 88 agências no Centro/Sul

14 Banco Africano de Investimentos - BAI Comfort Letter

15 Banco Africano de Investimentos - BAI Balance Sheet Balance Sheets at September 2007 and 2006 (In thousands of Reais) ASSETS LIABILITIES Current Assets and long term receivables Current and long-term liabilities Funds Available Deposits Interbank Investments Interbank deposits Marketable Securities and derivative financial instruments Foreign borrowings Interbank Accounts Local onlending (BNDES/FINAME) Loans Operations Derivative financial instruments Foreign Exchange Portfolio Foreign exchange portfolio Other Loans Other liabilities Other Assets Defered Income Stockholders' equity Permanent Assets Capital Revenue reserves Total Assets Retained earnings (accumulated deficit) 707 (6.410) Total liabilities and stockholders' equity Statements of Operations at September 2007 and 2006 (In thousands of Reais) Income from financial operations Expenses on financial operations (26.623) (21.726) Gross profit on financial intermediation Income from services rendered Other operating expenses (16.991) (15.161) Operating result (10.470) Non-operating result Result before taxation and profit sharing (10.157) Income tax and social contribution (1.858) Net profit (loss) (7.197)

061 6 Marketable Securities and derivative financial instruments 3.228 3.149 Foreign borrowings 123.612 81.968 Interbank Accounts 292 590 Local onlending (BNDES/FINAME) 20.027 7.

16 Functional Organization Chart Executive Committee President Carlos H. A. R. Catraio Luiz Stouthandel Roberto Perez Jr. Hirosi Tanahara Rodrigo Del Barrio Joaquim Prado Rubens Prado Operations Investment Banking Trade Finance Treasury Commercial Banking Credit and Risk Financial Control Back Office (LCY and FCY) Accounting Legal Compliance Human Resources Outsource Structured Finance Financial Advisory & Arrangement M&A Capital Markets Export / Import Finance ECA / PROEX Foreign Exchange (Legislation / Norms) BNDES CDs Governments and Private Securities Financial Institutions Foreign Exchange Derivatives Interbank Transactions Loans Trade Services Banking Guarantees BNDES Financing Performance Bonds Collaterals Correspondents Credit Risk Market Risk Operational Risk Loan Portfolio Recovery Mgmt

Accounting Legal Compliance Human Resources Outsource Structured Finance Financial Advisory & Arrangement M&A Capital Markets Export / Import Finance ECA / PROEX Foreign Exchange (Legislation /

17 Relevant Transactions

18 Contacts: Investment Banking Roberto Perez Jr. (55 11) Trade Finance Hirosi Tanahara (55 11) Treasury Rodrigo Del Barrio (55 11) Commercial Banking Joaquim Prado (55 11) Website

br (55 11) 3094-9045 Treasury Rodrigo Del Barrio rodrigo.delbarrio@bpnbrasil.com.

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33/81/ 139 240/196/ 128/128/ 128 70/133/ 210 245/218/ 101 1st Quarter 157/190/ 2013 231 249/231/ 157 218/231/ 246 1 st Quarter 2013 1 Disclaimer This presentation may include references and statements, planned synergies, estimates, projections of results, and future strategy for Banco do Brasil, it s Associated and