1. Alfredo Setubal Director, Investor Relations August 25 2003 – São Paulo Banco Itaú Holding Financeira S.A.

2. 1 « Conversion of Banco Itaú S.A. Shares into Banco Itaú Holding Financeira S.A. Shares on March 24 2003 Highlights – Investor Relations Banco Itaú Holding Financeira S.A. « Launching of new Investor Relations site « Activities of the Disclosure and Trading Committees « Sarbanes Oxley – Measures taken « Innovation – PRD « APIMEC meetings « Conference Calls

3. 2 New Investor Relations Website – March 24, 2003 New Information and Tools Corporate Governance Section Special section: Corporate Restructuring New Tools: Share Price History and Scheduled Events

4. 3 Statistics Visitors in 2003 (*): Average : 101 thousand per month Disclosure Periods : 130 thousand per month(1) Persons registered in e-mail alert in 2003: Total in 2003 : 875 Month. Average : 125 Daily Average : 4 (*) Between January 1 st and August 18 (1) Months when the full financial statements and Managements Reeport are published Download of 2 nd Q 2003 Report (in PDF) : Total : 23 thousand 8,019 users registered

5. 4 APIMEC Meetings São Paulo Belo Horizonte Porto Alegre Brasília Fortaleza Rio de Janeiro (*) 222 182 179 45 33 430 188 140 219 212 (**) 60 44 - (**) 2002 2003 Number present Recife Salvador Goiânia Vitória Florianópolis Location 37 (**) 35 (**) 9894 (*) ABAMEC-Rio (**) Events scheduled for the second half of 2003 In 2002: Meetings held at all Regional Offices

6. 5 Conference Calls Statistics – Accesses : 2002 Results : 2,483 1 st Quarter : 1,377 1 st Semester : 2,380 Minimum of 4 presentations per year in Portuguese and English Average of 2,080 accesses via Webcast in each Conference Call New format and layout : Presenter Controlled Separated by Topic Less cluttered pages

7. 6 Disclosure and Trading Committees Created in July 31, 2002; Directly subordinated to the Board of Directors; Three seats on the Board of Directors; Quarterly meetings or whenever convened by the Committee Chairman; Responsible for the policies governing the best practices of signatories: management, controlling shareholders, related persons, employees and service providers.

8. 7 Principal Activities Disclosure and Trading Committees Principal Activities Responsible for preventing the occurrence of insider trading within the Organization. More than 2,500 signatories to the Securities Trading Policy. The Committee tracks/monitors on a quarterly basis compliance with the best practices contained in the Policy (during blackout periods, for example). Wide disclosure of blackout periods to signatories. Responsible for Itaú Holdings corporate communications strategy. Analyzes ALL material released to the market – announcements, comuniqués, presentations, press releases, e-mail alerts, the IR website and others. Analyzes requests from regulatory authorities (CVM, Central Bank), as well as Itaú Holdings requests/responses to the same. Trading Committee Disclosure Committee

9. 8 20-F: Besides the certifications of responsibility for financial statements signed by the Chairman (CEO) and Chief Financial Officer (CFO), Itaú Holding extended the scope of the Law by requiring internal certifications of responsibility from the executives of all areas generating information for the 20-F. Measures Taken Sarbanes Oxley Measures Taken Many of the requirements contained in the law and regulated by the SEC (Securities and Exchange Commission) are already complied with by Itaú Holding and are part of existing Brazilian legislation (Eg: ban on loans to management, rotation of auditors, ban on independent external auditors performing certain consulting services). Being implemented: Audit Committee.

10. 9 Shareholders can automatically reinvest their dividends in Itaú Holding shares. Dividend Reinvestment Program (PRD) What does Banco Itaú Holding Financeiras PRD consist of? New Product for Shareholders The new shares will be bought on the market ( Bovespa) by Itau Corretora de Valores under aggregated purchase orders. Itaú will prorate the shares acquired according to each individual amount invested.

11. 10 The PRD is optional for shareholders of Itaú Holding and will be documented in a contract between the shareholder, Itaú and Itaú Corretora. The shareholder can choose how much he wishes to reinvest (monthly dividends and/or extraordinary/complementary dividends). There is no maximum reinvestment. The minimum reinvestment is that needed to acquire one share. Dividend Reinvestment Program (PRD) What does Banco Itaú Holding Financeiras PRD consist of? New Product for Shareholders

12. 11 Dividend Reinvestment Program (PRD) PRD: Tool for Creating Real Value for Shareholders of Banco Itaú Holding Financeira Opportunity for organized and systematic investment. Programmed purchases reduce investment volatility over long term. Lower brokerage fees. Exempt from CPMF tax. PRD: Benefits for Banco Itaú Holding Financeira Greater share liquidity. Increases long-term shareholder loyalty and commitment, creating a broad and stable shareholder base.

13. 12 Ddividend Reinvestment Program (PRD) PRD: Ferramenta de Criação Efetiva de Valor para os Acionistas do Banco Itaú Holding Financeira Alternativa de investimento organizado e sistemático. Compras programadas reduzem a volatilidade do investimento no longo prazo. Tarifas de Corretagem mais baixas. Sem incidência de CPMF. PRD: Benefícios para o Banco Itaú Holding Financeira Possibilita aumento da liquidez da ação. Aumento da fidelidade e do comprometimento de longo prazo do acionista, criando uma base acionária estável e pulverizada. Pioneering IR initiative from Itaú Holding Entirely New Product in Brazil

14. 13 Dividend Reinvestment Program (PRD) Stages of Implementation Only available to shareholders who are also Itaú clients. 1 st Phase: Available to all shareholders of Itaú Holding. 2 nd Phase:

15. 14 Dividend Reinvestment Program (PRD) Stages of Implementation Only available to shareholders who are also Itaú clients. 1 st Phase: Available to all shareholders of Itaú Holding. 2 nd Phase: Itaú Holding Investor Relations Policy: Value Creation and Commitment to Capital Markets.