BRAZILIAN CENTRAL BANK Dealing with processes related to the following:

Set-up and obtaining of authorizations for the functioning of financial institutions, from the preliminary analysis of the economic capacity of the controller(s) to the entire set-up and approval process for the following: Multiple Bank; Commercial Bank; Investment Bank; Credit, Loan and Investment Company; Commercial Leasing Company; Mortgaging Company; Real Estate Financing Company; Small-Venture Credit Company; Foreign Exchange Brokerage House; Securities Commission Brokerage House; and Securities-Dealer. Shareholding control transferring; Company reorganization; Company administrators, directors, and councils elections; Change of company name/functionality; Multiple Bank Operational Portfolio creation or cancellation; Mergers & acquisitions and take-over; and Cancellation of operational authorizations.

CVM - SECURITIES COMMISSION Dealing with processes related to:

Authorization for companies and individuals to administer securities portfolios (asset management) and securities consultant; Set-up of investment funds: financial funds; equity funds; emerging business funds; real estate funds; credit rights funds; and funds of quotas. Set-up and registration of autonomous agents.

OTHER FINANCIAL MARKET COMPANIES

Set-up and follow up: commodities brokerage house; third-party resource administrators (asset management); and financial credit securitization companies.