1 Banco do Brasil 2004 Investor Relations BANCO DO BRASIL 2004 Results Conference Call with Analysts

2 Banco do Brasil 2004 Investor Relations Highlights Largest Loan Portfolio – R$ 88.6 billion (CAGR 19.3%); Leader in the export foreign exchange segment – 27.2% market share; Leader in asset management in Latin America – R$ billion (CAGR 29.9%); Largest Customer Base – 21.1 million (CAGR 13.7%); Leader in Internet – 6.9 million customers; Largest service network in the country – 14,450 points; Largest automated teller machine network in Latin America – 39,015 ATMs; 3rd place ANBID's ranking of fixed income underwriting in financial volume and in quantity of operations. 1 st in Assets – R$ billion (CAGR 13.7%); 1 st in Total Deposits – R$ billion (CAGR 8.8%); CAGR – 1999 to 2004 except Credit Portfolio (2000 to 2004)

3 Banco do Brasil 2004 Investor Relations Result Building Spread Reduction Increase in Credit Operations Growth of Services Revenues Productivity Ratios maintenance Growth of Administrative Expenses Decrease of Income Tax and Social Contribution

4 Banco do Brasil 2004 Investor Relations R$ million Result Highlights

5 Banco do Brasil 2004 Investor Relations Net Income R$ million 2,381 3, Q031Q042Q043Q044Q04 ROE - % (Annualized)

6 Banco do Brasil 2004 Investor Relations Analysis of Volume and Spread Gain/(Loss) due to Volume Gain/(Loss) due to spread Gain/(Loss) due to Volume and Spread ,919 4Q Q Q ,802 3Q ,099 Volume - R$ million Spread - % Annual 1,424 (945) 15, , ,198 Volume - R$ million Spread - % (88) Quarterly

7 Banco do Brasil 2004 Investor Relations Analysis of Management Spread - % Portfolio Mix - % (daily balance average)

8 Banco do Brasil 2004 Investor Relations R$ million Service Revenues Customers Base - millionAsset Management Q031Q042Q043Q044Q04 Asset ManagementMarket Share - %

9 Banco do Brasil 2004 Investor Relations Personal Expenses R$ million Coverage Ratio – YTD - %Human Resources - thousand Service Income / Personnel Expenses Q031Q042Q043Q044Q Dep. + Asset Management / Employee - R$ million

10 Banco do Brasil 2004 Investor Relations Q031Q042Q043Q044Q Q031Q042Q043Q044Q04 Workforce per Branch* Assets per Workforce - R$ thousand Customers per Workforce Productivity Ratios * Branch, Advanced Service Post and Banking Service Post 2,534 2,503 2,455 2,5312,570 4Q031Q042Q043Q044Q04

11 Banco do Brasil 2004 Investor Relations Points of Service - thousandCustomers per Branch* R$ million Other Administrative Expenses Q031Q042Q043Q044Q04 3,578 3,646 3,766 3,855 3,931 4Q031Q042Q043Q044Q04 * Branch, Advanced Service Post and Banking Service Post Credit Operations / Points of Service - R$ million

12 Banco do Brasil 2004 Investor Relations Automated Channels Electronic Transactions / Total Transactions - % Efficiency Ratio – YTD - % Administrative Expenses / Operational Income Q031Q042Q043Q044Q Q031Q042Q043Q044Q04 ATMInternet IndividualInternet CorporateCashierPOSCOBAN and Others

13 Banco do Brasil 2004 Investor Relations Business vs. Expenses - %

14 Banco do Brasil 2004 Investor Relations R$ million Assets, Liabilities and Shareholders’ Equity Asset Composition - %Market Funding – R$ billion Q031Q042Q043Q044Q Interbank Deposits Demand Deposits Saving deposits Time Deposits Money Market Borrowing Total 4Q033Q044Q04

15 Banco do Brasil 2004 Investor Relations R$ million Securities Security Portfolio by Maturity - % 4Q034Q

16 Banco do Brasil 2004 Investor Relations Credit Portfolio R$ million 4Q033Q044Q04 RetailCommercialAgribusiness Foreign TradeAbroadOthers

17 Banco do Brasil 2004 Investor Relations Banking Industry* * Source: Brazilian Central Bank Credit Portfolio by Risk Level - % RetailCommercialAgribusinessForeign TradeAbroad AA-CD-H BB

18 Banco do Brasil 2004 Investor Relations Credit Portfolio Delinquency R$ million Q031Q04 2Q043Q044Q04 Loss / Credit Portfolio - % annualizedExpenses / Portfolio - % Q031Q042Q043Q044Q04 Allowance for Loan Losses / Credit Portfolio - % Past Due Loans / Credit Portfolio - % Past Due Loans + 60 days / Credit Portfolio

19 Banco do Brasil 2004 Investor Relations Capital Adequacy R$ million Q031Q042Q043Q044Q04 Tier ITier II

20 Banco do Brasil 2004 Investor Relations Capital Adequacy R$ million

21 Banco do Brasil 2004 Investor Relations Insurance R$ thousand Q031Q042Q043Q044Q Combined Ratio Evolution - % Administrative Expenses / Earned Premiums Marketing Expenses / Earned Premiums Retained Claims / Earned Premiums

22 Banco do Brasil 2004 Investor Relations BB’s Shares Dec/03Jan/04Mar/04Apr/04May/04Jun/04Jul/04Aug/04Sep/04Oct/04Nov/04Dec/04 Daily Volume BBAS3 - R$ millionBBAS3Ibovespa 35.4% 17.8% Feb/04

23 Banco do Brasil 2004 Investor Relations Investor Relations Division SBS - Quadra 1 - Bloco C - Ed. Sede III - 17° floor Brasília (DF) Phone: 55 (61) Fax: 55 (61) 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