1. 1 Banco do Brasil 1Q07 Results Banco do Brasil 1Q07 Results

2. 2 2,343 1,546 907 1,248 1,409 1Q062Q063Q064Q061Q07 63.0 36.3 19.8 26.7 29.4 Net Income 647 938 Δ=12.9% Δ= 50.2%¹ R$ million (1) Change over recurring net income 832 22.5 14.2 18.0 Net Income ROE (Annualized) - % Recurring Net Income Recurring ROE (Annualized) - %

3. 3 Net Interest Income 1Q063Q064Q061Q072Q06 R$ million 4,406 4,312 4,403 4,8554,852 3,521 5,095 275 4,486 3,283 5,339 588 4,898 3,405 5,361 330 4,693 3,274 5,816 397 4,631 3,043 6,101 506 4,798 Expenses Securities LoansOthers NII

4. 4 Net Interest Margin (1) Net Interest Income over earning Assets NIM Annualized¹ - %Selic Rate Annualized - % AgribusinessesBusinessesIndividuals Annualized NIM by Loan Portfolio - % 1Q062Q063Q064Q061Q07 8.5 8.1 7.9 8.4 7.9 17.2 15.7 14.6 13.6 12.9 1Q062Q063Q064Q061Q07 6.1 5.75.2 6.47.0 8.4 8.9 8.5 8.0 7.3 31.7 33.0 31.4 31.8 28.9

5. 5 R$ billion Loan Portfolio BusinessesAgribusinessesIndividualsAbroad 1Q062Q063Q064Q061Q07 39.8 37.1 19.8 8.9 105.5 41.7 39.9 21.6 9.9 113.1 44.4 40.3 23.2 10.4 118.3 51.9 45.1 24.0 12.2 133.2 55.2 46.8 26.1 12.3 140.4 Δ % Over 1Q064Q06 33.0 5.4 38.8 1.1 32.1 8.9 26.2 3.8 38.5 6.3

6. 6 R$ billion Loan Portfolio - Individuals Car LoansCredit CardOverdraft AccountPayroll LoansOthers 1Q062Q063Q064Q061Q07 2.7 2.4 6.0 10.1 2.8 2.3 7.4 10.1 3.1 2.1 8.3 9.6 3.2 2.7 9.3 9.7 2.6 2.5 9.8 4.7 0.2 0.4 0.6 1.20.9 19.8 21.6 23.2 24.0 26.1 Δ % Over 1Q064Q06 32.1 8.9 (0.4) 1.2 7.9 25.8 21.8 3.8 99.0 12.6 421.7 34.4

7. 7 1Q062Q063Q064Q061Q07 BB Banking Industry BB Credit Risk Average Risk - % Required Provision over Past Due Loans + 90 days - % 213.9214.0 222.7 172.7 166.9 168.1 211.1 174.1 177.3 173.9 6.6 6.9 5.4 6.8 5.4 6.7 6.6 6.2

8. 8 Delinquency and Provision for Credit Risk (1) Average Portfolio and Expenses of the past 12 months Provision Expense - R$ million Provision Expense over Loan Portfolio¹ - % 1Q062Q063Q064Q061Q07 Provision over Loan Portfolio - % Past Due Loans + 15 days over Loan Portfolio - % Past Due Loans + 60 days over Loan Portfolio - % 1,345 1,757 1,385 1,257 1,431 4.9 5.55.6 5.0 4.8 1Q062Q063Q064Q061Q07 7.3 7.4 6.5 6.0 5.0 5.2 4.1 4.2 4.3 3.6 3.8 2.9 2.8

9. 9 Credit Risk Provisions Breakdown R$ million Required ProvisionAdditional ProvisionTotal Provision 7,662 8,209 7,238 7,551 6,982 752 548 1,397 1,582 749 8,414 8,757 8,635 9,133 7,731 Mar/06Jun/06Sep/06Dec/06Mar/07

10. 10 DepositsDeposits R$ billion Mar/06Jun/06Sep/06Dec/06Mar/07 Saving DepositsDemand DepositsTime DepositsOthers 139.2 139.9 144.9 158.8 160.7 33.033.2 34.4 36.7 38.9 31.931.4 32.4 40.1 35.6 68.969.4 72.3 76.980.9 6.0 5.2 5.3 5.4 5.7 Δ % Over 1Q064Q06 15.4 1.1 (2.2) 2.0 17.3 5.1 11.6(11.2) 18.1 6.1

11. 11 Fee Income R$ million ProductsCustomersOthers 1Q06 1,088 667 348 2Q06 1,146 715 385 3Q06 1,133 713 406 4Q06 1,143 722 422 1Q07 1,227 742 408 2,103 2,246 2,252 2,287 2,377 Δ % Over 1Q064Q06 13.0 3.9 17.2(3.3) 11.3 2.8 12.8 7.3

12. 12 AUM - R$ billion 21.8 1.4 1Q06 22.2 1.5 2Q06 22.6 1.5 3Q06 22.8 1.6 4Q06 23.0 1.6 1Q07 IndividualsBusinesses 169.2 1Q06 171.2 2Q06 180.6 3Q06 182.7 4Q06 193.1 1Q07 20.1 19.7 19.1 Market Share - % Customers and Asset Management Customers - thousand Δ=5.7% Δ=14.1% 23.3 23.7 24.6 24.4 24.1

13. 13 Value Added¹ - R$ million InsuranceInsurance 236 1Q06 245 2Q06 250 3Q06 300 4Q06 315 1Q07 (1) Includes equity income, fee income, brokerage and asset management income Δ=4.8% Δ=33.7%

14. 14 Credit Cards (1) Includes fee income, financing income, equity income and others. 441 1Q06 454 2Q06 486 3Q06 558 4Q06 508 1Q07 Δ= - 8.9% Δ=15.1% Value Added¹ - R$ million

15. 15 Credit Cards 9.2 1Q06 8.9 2Q06 9.4 3Q06 11.3 4Q06 11.1 1Q07 Revenues¹ - R$ billion 9.5 11.4 14.1 14.4 9.9 Credit Cards - million (1) Includes Credit Cards and Debit Cards Δ= - 0.9% Δ=20.5%

16. 16 Administrative Expenses R$ million (1) Legal risk is not included. 1,781 1,331 1Q06 1,839 1,383 2Q06 1,804 1,378 3Q06 1,846 1,516 4Q06 1,748 1,401 1Q07 Personnel Expenses¹Other Administrative Expenses¹ 3,156 3,2533,216 3,396 3,186 Δ % Over 1Q064Q06 1.0 (6.2) 5.2 (7.6) (1.8) (5.3)

17. 17 83.4 10.5 1Q06 82.9 10.5 2Q06 82.6 10.2 3Q06 82.7 9.9 4Q06 82.5 10.1 1Q07 EmployeesInterns BranchesOthers Human Resources and Logistics Points of Service - thousand Workforce - thousand 1Q06 3.9 10.9 2Q06 3.9 11.0 3Q06 4.0 11.1 4Q06 4.0 11.1 1Q07 4.0 11.2 14.9 15.0 15.1 15.0

18. 18 Productivity Ratio 112.1112.2 113.4 112.9 127.9 Fee IncomePersonnel Expenses Coverage Ratio¹ - % R$ million 1Q062Q063Q064Q061Q07 2,103 2,246 2,252 2,287 2,377 1,876 2,001 1,945 2,050 1,859 (1) Year to Date

19. 19 48.1 45.5 46.5 47.5 44.1 Administrative ExpensesOperating Income Productivity Ratio Efficiency Ratio¹ - % R$ million 1Q062Q063Q064Q061Q07 3,237 3,451 3,443 3,614 3,325 6,726 7,978 7,064 7,138 7,532 (1) Year to Date

20. 20 Hybrid Private Label: from 68 thousand cards in Dec/06 to 155 thousand in Mar/07. Five new partnerships with retailers in 2007, totaling 18; Contracts reached R$ 16 million with R$ 1.7 million disbursed in less than two months; Disbursements expectation until year’s end: R$ 650 million; Own Portfolio: estimated to be implemented in the 2H07. Retail Strategies Partnerships with Retailers Car loans Mortgage Loans 694 formalized agreements (car dealers and multibrand); Localiza: R$ 28 million contracted in 1,4 thousand operations; Other partners: R$ 50 million contracted in 2.5 thousand operations in the 1Q07.

21. 21 Investor Relations Unit SBS - Quadra 1 - Bloco C - Ed. Sede III - 5° floor 70073-901 - Brasília (DF) Phone: 55 (61) 3310.3980 Fax: 55 (61) 3310.3735 www.bb.com.br ri@bb.com.br Disclaimer Disclaimer - This presentation contains references and statements, planned synergies, increasing estimates, projections of results and future strategy for Banco do Brasil, it’s Associated and Affiliated Companies and Subsidiaries. Although these references and statements reflect the management’s belief, it also involves imprecision and high difficult risks to be foreseen, consequently, it may conduct to a different result than the one anticipated here. These expectations are highly depended on market conditions, on the Brazilian economic performance, on the sector and the international market. Banco do Brasil is not responsible for bringing up to date any estimate in this presentation. For further information access www.bb.com.br/ri