Conference Call 2Q05 | 1 Investor Relations Consolidated Results 2 nd Quarter 2005 Conference Call August 12, 2005

Conference Call 2Q05 | 2 Unibanco in 2Q05 Net Income R$453 million Operating Income R$684 million +48.5% +70.6%  2Q05 / 2Q % 17.3% 17.8% 20.1% 2Q043Q044Q041Q % 2Q05 Annualized ROAE (%) Stockholders’ Equity Annualized ROAE (%) Stockholders’ Equity (R$ billion)

Conference Call 2Q05 | 3 Unibanco in 1H05 Net Income R$854 million Operating Income R$1,395 million +47.0% +60.0%  1H05 / 1H % 15.2% 1H031H % 1H05 Annualized ROAE (%) Stockholders’ Equity (R$ billion)

Conference Call 2Q05 | 4 Income Statement R$ Million

Conference Call 2Q05 | 5 Highlights Total Assets (R$ million)Loan Portfolio (R$ million) Financial Margin (Before Provision for Loan Losses) 2Q043Q044Q041Q052Q05 Earnings per Share (R$) 2Q043Q044Q041Q052Q05 8.2% 9.3% 9.9% 9.5% 10.2% Jun-04Sep-04Dec-04Mar-05Jun-05 79,771 84,062 79,350 82,109 82,992 Jun-04Sep-04Dec-04Mar-05Jun-05 29,064 29,724 31,796 33,176 35,

Conference Call 2Q05 | 6 Financial MarginFinancial Margin after Provision 6.4% 7.9% 2Q041Q052Q05 8.2% 9.5% 10.2% R$ Million Financial Margin 22.1 % 17.2 % 22.1 % Provision for loan losses/ Financial Margin

Conference Call 2Q05 | 7 Mar % 6.5% 5.2% 5.1% Jun % 6.8% 4.9% Allowance for Loan Losses / Loan Portfolio Loan Portfolio Coverage Auto Financing Consumer Credit Companies Commercial Bank and Other Companies

Conference Call 2Q05 | 8 5.2% 4.3% Jun-04Jun-05 Mar % 108.9% Jun-04Jun-05 Mar % 98.9% Coverage Ratio of Non-Accrual Portfolio Non-Accrual Portfolio / Loan Portfolio Jun-04Mar % 118.8% Jun % 4.7% 4.3% Jun-04Mar % Jun-05 Loan Portfolio Quality Loan Portfolio E-H (overdue > 90 days) / Loan Portfolio Allowance for Loan Losses / Loan Portfolio E-H

Conference Call 2Q05 | 9 Efficiency Ratio 63.4% 53.7% 52.8% 2Q041Q052Q05  R$373 million R$ million 2Q051Q052Q04 % Q-o-Q Efficiency Ratio 52.8%53.7%63.4% -90b.p b.p Expenses 1,232 1,186 1, %-0.8% Revenues 2,334 2,209 1, %19.0% % Y-o-Y

Conference Call 2Q05 | 10 Fees From Services Rendered R$ million 1H051H04  Y-o-Y Banking fees and other fees and commissions % Credit cards (excluding Credicard in 1H04) % Asset management fees % Total1,5601,37514% Credicard and Orbitall Total fees from services rendered1,5601,5610%

Conference Call 2Q05 | 11 R$ million 33,176 31,79629,064 Wholesale Retail 21.0% Dec-04Mar-05Jun-04 (*) 35,154 Jun % 10.6% (*) Pro-Forma: excludes Credicard portfolio; includes installment credits. Loan Portfolio Growth 45% 55% 46% 54% 50% 44% 56%

Conference Call 2Q05 | 12 Corporate Individuals SMELarge CorporateTotal Corporate Consumer Credit Companies Commercial Bank & Other Companies Total Individuals 19,076 21,795 20, % 3.9% 4,667 6,414 5,986 14,409 15,381 14, % 7.2% 6.7% 2.6% 9, , % 9.5% 3,976 5,452 5,026 6,012 7,907 7, % 8.5% 31.5% 10.2% R$ million Jun-04Mar-05Jun-05 Loan Portfolio Mix – by client type

Conference Call 2Q05 | 13 Consumer Credit Companies 3,976 5,026 5,452 Total 37.1% 8.5% 32.0% 9.5% 21.5% 0.6% Credit Cards (Unicard and HiperCard) JVs with Retailers (PontoCred and LuizaCred) 1,250 1,739 1,910 2,182 2,630 2, Fininvest 52.8% 9.8% Jun-04Mar-05Jun-05 Loan Portfolio Breakdown - Individuals Portfolio R$ million

Conference Call 2Q05 | 14 Commercial Bank & Other Companies Loan Portfolio Breakdown - Individuals Portfolio Branch Network Total Auto Financing Other Companies (*) 6,012 7,173 7, % 10.2% ,211 4,058 4,370 2,056 2,436 2, % 7.7% 26.0% 6.3% 27.1% 39.5% R$ million (*) Mainly Insurance/Garantech Jun-04Mar-05Jun-05

Conference Call 2Q05 | 15 Credit Cards (in million) Jun-03Sep-03Dec-03Mar-04Jun-04Sep-04Dec-04Mar-05Jun-05 Visa Mastercard Private Label MC + Visa + Hipercard Total Cards Hipercard Q051Q05 2Q04 1H051H04 MC + Visa + HiperCard3,596 3,094 2,778 6,690 4,651 Private Label ,536 1,221 Total4,310 3,916 3,431 8,226 5, Revenues R$ million

Conference Call 2Q05 | 16 Funding and Assets under Management R$ million

Conference Call 2Q05 | 17 3,770 4,724 4,848 1,077 1,217 1,424 2Q041Q052Q05 4,847 5,941 6, % Insurance and Private Pension Plans Technical Reserves Private Pension Insurance R$ million Net Premium Written + Pension Plan Revenues Net Income Combined Ratio Extended Combined Ratio 2Q051Q051H051H04 1,0331,1782,2112, %98.6%99.2%99.3% 86.4%85.1%85.7%87.2%

Conference Call 2Q05 | 18 Highlights  Perpetual Securities – US$500 million Issuing of Perpetual Securities in July, 2005: US$500 million Coupon: 8.70% p.a. Rating: Ba2 by Moody's Investors Service, Inc. Investors: approximately 875 investors, specially from Asia and private banks. Roadshow : Singapore, Hong Kong, Geneva and London. 100% of the investors visited during the road show took part of the book The issuance of perpetual securities, if consolidated in June, 2005, would have made the BIS ratio to increase to approximately 18%.

Conference Call 2Q05 | 19 Highlights  Perpetual Securities – US$500 million - Expanded geographically Unibanco’s investor base - Distribution: By Investor By Region 7.4% 11.4% 19.4% 61.7% North America South America EuropeAsia 83.5% 9.4% 5.4% 1.3% 0.4% Clients Private Adviser Financial Banks Hedge Funds Corporate and Insurance

Conference Call 2Q05 | 20 GDP Growth5.2% 3.0% FX Rate R$/US$ (end-of-year) Selic (end-of-year) 17.75% 17.75% IPCA 7.6% 5.6% (E) 2005 Outlook Trade Balance Surplus (US$) 34 bln 40 bln

Conference Call 2Q05 | % 5.4% 13.9% 15.5% 20.9% 15.0% 7-12% 25-30% 30-35% 25-30% 10-15% 25-30% 7-12% 25-30% 10-15% 22-27% Loan Portfolio Corporate Large SME Individuals Commercial bank and other companies Consumer Finance Administrative Expenses Growth 1H Perspectives on May 11,2005 < 5% 17-22% Revised guidance 10.6% 1.4% < 5% 18-23% 2005 Growth Perspectives Credit Cards 3.1% 15-20%

Conference Call 2Q05 | 22 For further information contact our Investor Relations Area at phone: fax: site: This presentation contains forward-looking statements regarding Unibanco. its subsidiaries and affiliates - anticipated synergies. growth plans. projected results and future strategies. Although these forward-looking statements reflect management’s good faith beliefs. they involve known and unknown risks and uncertainties that may cause the Company’s actual results or outcomes to be materially different from those anticipated and discussed herein. These risks and uncertainties include. but are not limited to. our ability to realize the amount of the projected synergies and the timetable projected. as well as economic. competitive. governmental and technological factors affecting Unibanco’s operations. markets. products and prices. and other factors detailed in Unibanco’s filings with the Securities and Exchange Commission which readers are urged to read carefully in assessing the forward-looking statements contained herein. Unibanco undertakes no duty to update any of the projections contained herein.