Conference Call Earnings Release Conference Call – 4Q07/2007 Results: Friday, March 07th, 2008: Time: 12:00 a.m. (US EST) 02:00 p.m. (Brasilia) English Tel: +1 (888) (USA) +1 (786) (Other countries) Code: LASA Replay: +55 (11) Código: 952 Multi-channel Retailer Bricks-and-MortarInternet, TV, Telephone Sales and cataloguesFinancial Products

2 413 stores as of December 31, 2007 – total sales area of 443 thousand m 2 ; 2007: 50 Inaugurations (28 traditional stores, 22 express stores), and 107 BWU/BLOCKBUSTER® stores remodeled; For 2008, 1 store has already been inaugurated, 25 stores have opening contracts signed and another 11 are in the signature process; 2007 Overview On November 7, CADE approved without restrictions the creation of B2W, merger between Americanas.com and Submarino. Pro-forma growth of 46% in gross revenue, reaching R$3.6 billion in 2007; Pro-forma EBITDA growth of 66% in 2007 vs. 2006, reaching an EBITDA margin of 13.9% (+1.8 pp); More than 1 million cards issued and 100% of total receivables volume of R$268 million (LASA’s participation is equivalent to 50% of the total volume); Bricks-and-Mortar eCommerce Financial Products

Consolidated Gross Revenue (R$ million) 3 Consolidated Gross Revenue (R$ billion) Accumulated “SSS” growth NR 12.8% 53.8% CAGR = 32.1%

Gross Margin and EBITDA Consolidated pp Consolidated Gross Margin (%NR) Accumulated Consolidated EBITDA (R$ million) and EBITDA Margin (%NR) Accumulated CAGR = 38.2%

LAME4 appreciated more than 40 times over the quotation verified in the beginning of 2001; strongly higher than Ibovespa over the same period. Reverse split (08/28/07) – To the proportion of a 100 to 1 stock of the same type; LAME4 is part of the Ibovespa index since September of Exame Magazine Award “Melhores e Maiores” 2007 Share Performance –

2007 Accomplishments Net revenues growth “SSS” of 12.8% and EBITDA margin of 12.6% of NR, reaching R$ million; Organic expansion : inauguration of 50 stores and 107 of 127 acquired stores from BWU/Blockbuster® were remodeled. The rental movies service was included in the assortment of over 50 LASA stores. B2W results indicates the surpass of the projected capture of synergies and the ongoing optimization of the integrated operations; CDA – Centro de Desenvolvimento Americanas – has completed its first year reaching over 16 thousand hours of training for LASA associates;  Approval of Distribution of Complementary Dividends in the total amount of R$ 31.0 million, calculated on the basis of the 2007 net income. 6

Conference Call Earnings Release Investor Relations Team Tel.: + 55 (21) Fax: + 55 (21) RI Website: Statements relating to the prospects of the business, estimates for operating and financial results, and those related to growth prospects of Lojas Americanas, eventually expressed in this release, are merely projections and, as such, are based exclusively on the expectations of Lojas Americanas’ management concerning the future of the business and its continued access to capital to fund the Company’s business plan. Such statements depend, substantially, on changes in market conditions, government regulations, competitive pressures, the performance of the Brazilian economy and the industry, among other factors and are, therefore, subject to change without prior notice.