FINANCIAL STATEMENT - SOCIAL SECURITY PLAN APPENDIX 13 OF FEDERAL LAW No. 4,320/64 (according to STN Ordinance No. 438/2012) Amounts on 12/31/2013

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1 GOVERNMENT OF THE STATE OF RIO DE JANEIRO STATE SECRETARIAT OF PLANNING AND MANAGEMENT SINGLE SOCIAL SECURITY FUND OF THE STATE OF RIO DE JANEIRO RIOPREVIDÊNCIA FINANCIAL STATEMENT SOCIAL SECURITY PLAN APPENDIX 13 OF FEDERAL LAW No. 4,320/64 (according to STN Ordinance No. 438/2012) Amounts on 12/31/2013 INFLOWS EXPENDITURES SPECIFICATION 2013 SPECIFICATION 2013 Budgeted Revenue (I) Budgeted Expense (IV) Ordinary Ordinary Own Collecting Indirect Administration Ordinaries Coming from Taxes Own Collecting Indirect Administration Received Financial Transfers (II) Granted Financial Transfers (II). Transf. Received for Budget Execution Transf. Granted for Budget Execution Transf. Received Independent of Budgetary Execution Intra Transf. Granted independent of Budgetary Execution Intra Extra Budgetary Receipts (III) Extra Budgetary Payments (VIII) Fluctuating Debt Fluctuating Debt Consignations Consignations Deposits from Several Origins Deposits from Several Origins Other Operations Other Operations Transfer of Financial Balances Pledged Resources Cash Balance of the Previous Year (IV) Cash Balance of the Next Year (IX) Available Available Banks Current Account Banks Current Account Financial Investments Financial Investments Invest. Special Social Security Systems Invest. Special Social Security Systems Securities and Investment Funds Securities and Investment Funds R$ TOTAL (V) = (I+II+III+IV) TOTAL (X) = (VI+VII+VIII+IX)

2 GOVERNMENT OF THE STATE OF RIO DE JANEIRO STATE SECRETARIAT OF PLANNING AND MANAGEMENT SINGLE SOCIAL SECURITY FUND OF THE STATE OF RIO DE JANEIRO RIOPREVIDÊNCIA FINANCIAL STATEMENT SOCIAL SECURITY PLAN APPENDIX 13 OF FEDERAL LAW No. 4,320/64 (according to STN Ordinance No. 438/2012) Amounts on 12/31/2013 R$ ASSETS LIABILITIES SPECIFICATION SPECIFICATION CURRENT ASSET 822, CURRENT LIABILITY Cash and Cash Equivalents Obligations Payable Short Term Credits Short Term 822, Suppliers and Accounts Payable Short Term Other Credits and Amounts Short Term Tax Liabilities Short Term Temporary Investments Other Obligations Short Term Stocks NONCURRENT ASSET NON CURRENT LIABILITY Long Term Assets Obligations Payable Long Term Credits Long Term Suppliers Long Term Other Credits and Amounts Long Term Provisions Long Term Deferred Result Investments Other Permanent Investments TOTAL OF LIABILITIES Fixed NET EQUITY Movable Assets Social Equity and Social Capital Fixed Assets Accumulated Results 1,380, Result for the Year 1,380, Intangible Adjustments of Previous Years Trademarks, Rights and Industrial Patents TOTAL NET EQUITY 1,380, TOTAL 822, TOTAL 1,380, FINANCIAL ASSETS FINANCIAL LIABILITIES PERMANENT ASSETS 822, PERMANENT LIABILITY 558, BALANCE SHEET 1,380, COMPENSATIONS SPECIFICATION SPECIFICATION Balance of Potential Asset Acts Balance of Potential Liability Acts Execution of Contractual Rights Execution of Contractual Obligations TOTAL TOTAL GOVERNMENT OF THE STATE OF RIO DE JANEIRO STATE SECRETARIAT OF PLANNING AND MANAGEMENT SINGLE SOCIAL SECURITY FUND OF THE STATE OF RIO DE JANEIRO RIOPREVIDÊNCIA STATEMENT OF THE FINANCIAL SURPLUS / DEFICIT AS FOUND IN THE BALANCE SHEET Amounts on 12/31/2013 DESTINATION OF RESOURCES R$ FINANCIAL SURPLUS / DEFICIT ORDINARY Ordinaries Coming from Taxes Ordinaries Not Coming from Taxes Own Collecting Indirect Administration Other Revenues of the Indirect Administration Extra Budgetary Resources DDO LINKED Indemnification for the Extraction of Oil TOTAL

3 GOVERNMENT OF THE STATE OF RIO DE JANEIRO STATE SECRETARIAT OF PLANNING AND MANAGEMENT SINGLE SOCIAL SECURITY FUND OF THE STATE OF RIO DE JANEIRO RIOPREVIDÊNCIA STATEMENT OF EQUITY VARIATIONS SOCIAL SECURITY PLAN APPENDIX 15 OF FEDERAL LAW No. 4,320/64 (according to STN Ordinance No. 438/2012) Amounts on 12/31/2013 QUANTITATIVE EQUITY VARIATIONS 2013 UPWARD EQUITY VARIATIONS 309,264, Taxes, Fees and Improvement Contributions Taxes R$ Contributions 822, Social Contributions 822, Other Upward Equity Variations 308,442, Reversal of provisions and adjustments 308,442, DOWNWARD EQUITY VARIATIONS 307,883, Other Downward Equity Variations 307,883, Constitution of Provisions 307,883, Equity result for the period 1,380, QUALITATIVE EQUITY VARIATIONS (stemming from the budget execution) Asset incorporation Asset disincorporation Liability incorporation Liability disincorporation 2013

4 SOCIAL SECURITY PLAN Notes to the Financial Statements as at OPERATIONAL CONTEXT The was created under Law No. 3,189, of February 22, 1999, in the form of a public autarchy with legal personality under public law with the purpose of managing financial assets, in order to fund the salaries, pensions and other social security benefits, of the civil servants of the State of Rio de Janeiro, observing the Constitutional Amendments No. 20/98, 41/03, 47/05, the Federal Laws n.º s 9717/98 and 10,887 / 04. The State Law No of October 15, 2007, which abolished the Social Security Institute of the State of Rio de Janeiro IPERJ, transferred to Rioprevidência the competence for qualification, administration and payment of social security benefits provided by the state legislation, which provides for the pension scheme for civil servants of the State of Rio de Janeiro and their dependents. Thus, the Rioprevidência, as historical successor, incorporated into its equity the Assets (properties and rights) and liabilities (obligations) of the extinct IPERJ. With the publication of State Law No. 5,260, on June 11, 2008, the own and sole Legal Regime of the Social Security of the Members of the Judiciary, Public Prosecution, Public Defenders Office, the Court of Auditors and Statutory Public servants of the State of Rio de Janeiro were unified, being it incumbent upon Rioprevidência the management of this social security system. In the year 2012 the Legislative Assembly of the State of Rio de Janeiro decreed and the Governor of the State of Rio de Janeiro enacted the following laws: Sheet 1 of 8

5 Law Nº 6.243, of May 21, 2012, instituting the Complementary Pension Regime within the State of Rio de Janeiro, fixing the maximum limit for granting retirement and pension benefits referred to in Article 40 of the Federal Constitution, and also authorizing the creation of the Closed Complementary Entity, in the form of a Foundation, among other measures. Law Nº 6.338,, of November 6, 2012, providing for the Funding Plan of the Actuarial Deficit of the Own Social Security System of Rio de Janeiro, changes Law No. 3,189, of February 22, 1999 and providing other measures, that will be managed by the. The Social Security Plan is destined to public service career holders of the Executive (including servants of the autarchies and public foundations), Legislative and Judicial powers. It being certain that this new social security plan will reach the counselors and servants of the Court of Auditors, and also the members and effective servants of the Public Ministry and Public Defenders Office. Nevertheless, pensioners who join the public service after the starting date of operation of the managing entity, dealt with in article. 34 of Law No. 6243/2012, will be covered by this new social security systematic. The segregation of the Plans into Financial and Social Security must be accompanied by budgetary, financial and accounting separation of the obligations and investments. The SEPLAG Resolution No. 986 of September 3, 2013, published in Official Gazette, established the beginning of operation of the RJPREV CD Benefits Plan of the Foundation for Complementary Social Security of the State of Rio de Janeiro RJPREV, on September 4, 2013, concurrently the operation of the Social Security Plan was begun, in conformity with the legislation in force. The tendency is that these two actions combined will generate, in the future, a balanced, fairer and less dependent on the incomes from royalties and special participations social security. This will be Sheet 2 of 8

6 possible, at first, with the complementary social security, under which the State of Rio de Janeiro will pay social security benefits to future civil servants to the limit of the General Social Security Regime, the INSS. Later, in the second scenario, the mass segregation will create a new fund within the Autarchy itself, which will be composed by the servants who enter as of the date of its creation. We once again stress that there will be no change to the rules for granting social security benefits for new civil servants, since such initiatives solely aim at the restructuring of the financing of the social security's liabilities. With this, in the future, when a civil servant retires, after the years of contribution stipulated by law, Rioprevidência will have a cash flow sufficient to honor these social security benefits with the resources accumulated during all those years. 1.1 MISSION Provide excellent services to our customers (active, inactive, pensioner civil servants and dependents) with efficiency, credibility, respect and social responsibility, transparent and effective administration of the equity, to comply with current and future social security obligations, in addition to contribute with the fiscal management of the State. 1.2 VISION To be the best Own Social Security Regimes' manager of Brazil, with proven excellence, having as guidelines: Satisfaction in providing services to its customers Good management practices of assets and liabilities Governance, transparency and compliance in the management of the business. 2. PRESENTATION OF THE FINANCIAL STATEMENTS Sheet 3 of 8

7 The statements presented consolidate the referred merger of rights and obligations for the presented balances. The Autarchy uses the Integrated Financial Management System of the States and Municipalities SIAFEM RJestablished by State Decree No. 22,939 of January 30, 1997, for the accounting of its operations in accordance with the standards for Finance and Accounting Applied to the Public sector, applying Federal Law No. 4,320 / 64, Supplementary Law No. 101/00, State Law 287/79, the MPS Ordinance No. 402/08 and MPS Ordinance No. 403/08 and MPS Ordinance No. 509/13, observing article 4 of the mentioned ordinance. The new structure of Rioprevidência made that the investment decisions are collegial, eliminating individual authority. The resource allocation strategy is established annually in the Annual Investment Plan (AIP), a document prepared by the Executive Directors of Rioprevidência and approved by the Board. The monthly guidelines are discussed by the Investment Committee which defines the resource allocation strategies for the following month (short term) and performs the necessary adjustments in accordance with the changes of the economic scenario. Those guidelines are later on approved by Rioprevidência representatives, SEFAZ / RJ and SEPLAG/ RJ. Consequently, the decisions of the Investment Committee are binding on the Investment Director, who follows them, implementing them in accordance with the current legislation. The management of the Rioprevidência's assets is one of the pillars to achieve profitability, solvency, liquidity and transparency of the State of Rio de Janeiro civil servants and its beneficiaries' social security savings. 3. BALANCE SHEET SOCIAL SECURITY PLAN 3.1 COMPOSITION OF ASSETS CURRENT ASSETS SHORT TERM CREDITS 12/31/2013 Customers 822, TOTALR$ 822, Sheet 4 of 8

8 Refers to the Employers Contribution Receivable balance recorded in the ledger account = EMPLOYER SOCIAL SECURITY PLAN CIVIL ASSET. 4. ACTUARIAL LIABILITIES Registers the actuarial commitments with the Civil Servants of the State of Rio de Janeiro, as per Actuarial Valuation 1 of the State of Rio de Janeiro for the year The Social Security Liability consists of the Benefits Granted and the Benefits to be Granted: 1. The Benefits Granted represent the commitments the State of Rio de Janeiro has with the servants that have already begun receiving benefits, thus having greater urgency in the constitution of its provisions; 2. The Benefits to be Granted represent the corresponding mathematical provisions to policyholders that are still contributing (Assets). The amounts of the Mathematical Reserves, based on the registration data, including the Executive, Legislature and the Judiciary, reflect a need for resources accumulated to cover commitments to social security benefits for active, inactive and pensioned civil servants, according to the following table: ACTUARIAL COMMITMENTS 12/31/2013 Granted Benefits 0.00 Benefits to be Granted 3,208, Reserves to Amortize () 3,766, TOTALR$ 558, The entitlement related to the Financial Compensation between Social Security Regimes registered the amount of R $ 3,766,324.84, fully used for the Amortization of the Mathematical 1 This Actuarial Valuation report is prepared by the PEMCAIXA Social Security for State and Municipalities Sheet 5 of 8

9 Provision, according to the Actuarial Valuation prepared by PEMCAIXA Social Security for states and municipalities. GUARANTEEING ASSETS X MATHEMATICAL PROVISIONS 12/31/2013 Total Asset 822, () Long Term Provisions 558, = Surplus/Actuarial Deficit 1,380, () Operational Liabilities 0.00 = Social Security Surplus / Deficit 1,380, () Deferred Result 0.00 = Total Net Equity R$ 1,380, REVENUES FROM THE SOCIAL SECURITY PLAN I The Social Security contributions from the recipients referred to in art. 7; II The Employer contributions, up to the limit of coverage of the normal cost and the complementary cost; III The credits due to the financial compensation account provided for in art. 201, 9 of the Republic's Constitution, relating to those. The revenues of the Social Security Plan will be destined exclusively to the payment of social security benefits to the recipients dealt with in article. 7 of the present Law, as well as the administrative costs, limited to two percentage points of the total amount of subsidies, wages, salaries and pensions of those covered by the Social Security Plan, needed for the functioning and organization of the Governing Body of the RPPS / RJ. 8. MATHEMATICAL SOCIAL SECURITY PROVISIONS The Actuarial Technical Note of the Revaluation of the Amount of the Mathematical Social Security Reserves of the State of Rio de Janeiro for the year 2014 had its update registered for accounting Sheet 6 of 8

10 purposes in the Fiscal Year of Government of the State of Rio de Janeiro The social security statements determined by the Fiscal Responsibility Law (LC 101/2000) are published in the Official Gazette of the State of Rio de Janeiro, by the State General Accounting CGE SEFAZ / RJ, in accordance with the established deadlines and available on the website : and on the site of the Ministry of Social Security/MPSSPS the attachments established by the pertinent social security legislation. Sheet 7 of 8

11 Director President Gustavo de Oliveira Barbosa Administrative and Finance Director Luiz Cláudio Fernandes Lourenço Gomes Security Director Roberto Moisés dos Santos Legal Officer Baltazar José Vasconcelos Rodrigues Investments Director Ciro Mauro de Carvalho Giannini Rio de Janeiro, March 31, 2014 MILTON GUSMÃO DO NASCIMENTO Controllership Manager Accountant CRC/RJ /O5 CPF: LUIZ CLAUDIO FERNANDES L. G0MES Administration and Finance Director CPF: GUSTAVO DE OLIVEIRA BARBOSA Director President CPF: Sheet 8 of 8

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