1 Banco do Brasil 4Q07 Results

2 Net Income Recurring Net Income – R$ million Net Income – R$ million ROE - % Recurring ROE - % 3Q074Q061Q072Q ,044 5,748 3,665 5, Q07 1,582 1,364 1,248 1,409 1,464 1,068 1,217 Δ Recurring Net Income (0.4%) 1, Δ Recurring Net Income 56.8%

3 Net Income6,0445, Early Retirement Plan Cassi Restructuring Other Effects Recurring Net Income , , ,748 Tax Credit Recorded Previ Parity Fund BM&F/Bovespa & Other Effects Extraordinary Effects - Total (-)2,379(+)690 Main Extraordinary Effects R$ million Net Income Changes

4 Net Income 3Q071,364 Recurring Net Income 4Q071,243 Net Income 4Q071,217 R$ million Net Interest Income 322 Fee Income 92 Other Effects 86 One Time Off Items 26 ( ) Administrative Expenses 340 Provisions for Credit Risk 281 ( ) Net Income Changes

Q061Q072Q Other Interest Revenues Loan Revenues Interest Expenses Net Interest Income Q Q Net Interest Income R$ billion

6 (1) Net Interest Income Over Earning Assets NIM Annualized¹ - % Selic Rate - % Annualized NIM by Loan Portfolio - % 4Q061Q072Q073Q074Q Q061Q072Q073Q07 4Q Net Interest Income Agribusinesses IndividualsBusinesses

Q061Q072Q07 Funding Interest Rate Investment Interest Rate Floating RateFixed Rate Domestic Long Net Exposure - R$ billion Q Q Long Exposure vs. Interest Rate Related to Selic - %

8 BusinessesAgribusinessesIndividualsAbroad Dec/ Mar/ Jun/ Sep/ Dec/ Loan Portfolio R$ billion Δ % over 4Q063Q (6.6)(9.4)

9 Cars LoanCredit Card Overdraft Account Payroll LoanOthers Loan Portfolio - Individuals R$ billion Δ % over 4Q063Q (7.3) Dec/06Mar/07Jun/07 Sep/07Dec/07

10 BB Banking Industry BB Average Risk - % Required Provision / Past Due Loan + 90 days - % Q061Q072Q073Q Q Credit Risk

11 (1) Average Portfolio and Expenses of the past 12 months Provision Expenses - R$ million Provision Expenses / Loan Portfolio¹ - % Provision / Loan Portfolio - % Past Over Due Loans + 15 days / Loan Portfolio - % Past Over Due Loans + 60 days / Loan Portfolio - % Q061Q072Q073Q074Q ,257 1,431 1,236 4Q061Q072Q073Q07 1,216 4Q07 1, Provision for Credit Risk and Delinquency

12 Dec/06Mar/07Jun/07Dec/07 Total ProvisionRequired ProvisionAdditional Provision Sep/07 7,551 7,786 8,084 8,727 7,238 1,582 1,655 1,580 1,586 1,397 9,133 9,441 9,663 10,313 8,635 Provisions for Credit RiskBreakdown Provisions for Credit Risk Breakdown R$ million

13 Saving DepositsDemand Deposits Time DepositsOthers Dec/ Mar/ Jun/ Sep/ Dec/ Deposits R$ billion Δ % over 4Q063Q (6.4)

14 CustomersProductsOthers 4Q073Q072Q071Q074Q ,888 9,902 1, ,498 1, ,437 1, ,377 1, ,287 1, ,590 5,280 5,901 2,607 2,915 1,073 1,085 Fee Income R$ million Δ % over

15 Customers - million Assets under Management - R$ billion Market Share - % Dec/ Dec/06Mar/07Jun/07Sep/07 Δ= 6.4% Δ= 20.5% IndividualsBusinesses Dec/07 Dec/06Mar/07Jun/07Sep/ Asset Management Customers and Asset Management

16 Added Value¹ 275 4Q Q074Q Q Q07 Δ= (6.9%) Δ= (8.3)% ,123 1,200 Δ= 6.8% Insurance R$ million (1) Includes equity income, fee income, commission and asset management income

Q074Q Q Q Q07 Δ= 20.2% Δ= 17.7% Added Value¹ ,984 2,279 Δ= 14.9% Credit Cards R$ million (1) Includes fee income, financing income, equity income and others

18 Revenue - R$ billion Credit Cards Quantity - million Q Q061Q072Q073Q Δ= 22.5% Δ= 7.8% Debit and Credit Cards Debit Cards Quantity - million

19 Personnel Expenses¹Other Administrative Expenses¹ 4Q06 1,846 1,516 3,362 1Q07 1,748 1,401 3,149 2Q07 1,713 1,519 3,232 1,936 1,729 4Q07 3,665 3Q07 1,759 1,572 3, ,878 13,296 7,270 5,608 7,077 6,219 Administrative Expenses R$ million Δ % over 2006 (2.7) (1) Legal risk and extraordinary items are not included.

20 Administrative Expenses (1) Change in the rate (1% - 3%). It includes R$26.5 million related to June to September (2) Average workforce of 4Q07 ( - ) 3Q07 = 2,841 employees, valued as of 3Q07. The 3Q07 average workforce is 78,624 against 81,465 in the 4Q07. 3Q071,758.9 Salary Raise (2007/2008)82.0 Occupational Accident Insurance¹ 53.0 Workforce Increase² 61.3 Other Effects(19.0) 4Q071,936.3 Changes in Personnel Expenses R$ million

21 Administrative Expenses R$ million (1) It includes contributions to FBB and to Children and Teenagers Rights Fund. (2) It includes temporary workforce to absorb BA and MG payroll. (3) It includes BB Public Offering and BB 200 anniversary marketing campaigns. 3Q071,571.8 Non-structure Changes72.0 Philanthropic Contributions¹ 32.0 Temporary Workforce²21.0 Publicity³ 19.0 Other Changes85.2 Supplies of Funds Services 32.0 Outsourced Services 21.0 Security Guard and Properties 30.0 Other Effects 2.2 4Q071,729.0 Changes in Other Administrative Expenses

22 Fee Income Personnel ExpensesCoverage Ratio¹ - % Coverage Ratio without Retirement Plan and Cassi¹ - % 4Q061Q072Q Q Q (1) Year to Date Productivity Ratio R$ billion

23 Administrative Expenses Operating IncomeEfficiency Ratio¹ - % Efficiency Ratio without Retirement Plan and Cassi¹ - % 4Q061Q072Q Q Q Productivity Ratio R$ billion (1) Year to Date

24 Tier IITier I Mar/ Jun/ Dec/ Sep/ Dec/06 Leverage BIS Ratio - % Loan / Total Deposits - % Q Q Q Q Q07

25 Annual Estimates 2008 GuidanceReportedGuidance Net Interest Income / Earning Assets (NIM)8%7.8%7.5% - 8% Provision for Credit Risk 3.7% - 4% of the average portfolio 3.7% 3.7% - 4% of the average portfolio Fee Income12% - 17%11.4%8% Administrative Expenses¹ in line with inflation 3.3%7% - 10% ROE 23% - 27% 25.5%23% - 27% Loan Portfolio25% - 30%20.7%25% Individuals35% - 40%33.3%30% - 35% Businesses25% - 30%26.1%25% - 30% Total Deposits 15% - 20% 18.5%15% - 20% Credit Card16.5 million20.2 million25 million 2007 (1) Legal risk and extraordinary items are not included.

26 Investor Relations Unit SBS - Quadra 1 - Bloco C - Ed. Sede III - 5° 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