Conference Call about the Results of 3 rd Quarter of 2005 November 1, 2005

Banco Itaú Holding Financeira S.A. 1 Highlights 3. Additional Provisions: Growth of the exceeding provision for Loan Losses of R$ 50 million, totaling R$ 1.2 billion; Maintenance of Additional Provision for Securities Portfolio of R$ 400 million; 1. Results: 3 rd Q/05: Net Income R$ 1,352 million with increase of 1.4% q-o-q; ROE annualized 40.5%; Jan/05 - Sep/05: Net Income R$ 3,827 million with increase of 39.4% comparing to Jan/04 – Sep/04; ROE annualized 34.8%; 4. Delinquency: Nonperforming Loans Ratio in 3.3%; 2. Growth of credit portfolio of 5.1% in the quarter. Personal Loans: 10.1% in quarter. Vehicles: 15.3% in quarter. 5. Solvency Ratio: Maintenance of the high ratio of 17.6%, even after buyback of preferred shares totaling R$ 522 million on the quarter.

Banco Itaú Holding Financeira S.A. 2 R$ Million (Except where indicated) Highlights

Banco Itaú Holding Financeira S.A. 3 Evolution of Managerial NIM (%) (*) (*) After non recurring items adjusts totaling R$ 612 million described in Management Discussion and Analysis of 4 th Q/04.

Banco Itaú Holding Financeira S.A. 4 R$ Million Itaú Holding Pro Forma

Banco Itaú Holding Financeira S.A. 5 Breakdown of Loans and Securities Portfolio (*) Rural and Mortgage Loans – Loans linked to the availability of Demand and Savings deposits. R$ Million Note: After a thorough reassessment of the customers profile and potential certain accounts were transferred between classifications. To allow a better comparison between periods, the new customer categorization was also considered for prior periods.

Banco Itaú Holding Financeira S.A. 6 Composition of the Credit Portfolio

Banco Itaú Holding Financeira S.A. 7 Contribution of Credit Portfolio R$ Million

Banco Itaú Holding Financeira S.A. 8 (*) Provision for Loan Losses / Total Nonperforming Loans (Loans overdue for more than 60 days) Nonperforming Loans Ratio and Coverage Ratio

Banco Itaú Holding Financeira S.A. 9 Service Fees (1)Asset Management and Consortium. R$ Million

Banco Itaú Holding Financeira S.A. 10 Non-Interest Expenses R$ Million (1) Includes R$ 93 million on 3 rd Q/05 due to collective labor agreement. (2) Does not include PIS, COFINS and ISS. (3) Includes vehicles, credit cards of non-account holders and Taií.

Banco Itaú Holding Financeira S.A. 11 Efficiency Ratio (Personnel Expenses + Other Administrative Expenses + Other Operating Expenses + Tax Expenses except PIS/COFINS/ISS ) (Managerial Financial Margin (*) + Banking Service Fees + Partial Result of Insurance, Capitalization and Pension Plans + Other Operating Income - Tax Expenses of PIS/COFINS/ISS) Efficiency Ratio = (*) For better details about the Managerial Financial Margin, consult the Itau Holding´s Management Discussion and Analysis

Banco Itaú Holding Financeira S.A. 12 Financial Instruments – Market Value (1) Tax effects not considered. (2) Includes unrealized minority interest gains in Equity of R$ 332 million in September/05, R$ 287 million in June/05 and R$ 310 million in September/04. R$ Million

Banco Itaú Holding Financeira S.A. 13 Itaú ItaucredItaú BBAItaubanco Banking Credit Cards (Account Holders) Insurance, Pension Plans and Capitalization Mutual Funds and Managed Portfolio Corporation Corporate Operations Vehicles Credit Cards (Non-Account Holders) Taií, FIC (CBD) and FAI (LASA) Segmentation (Pro forma) Note: The structure of the segment Itaucred reflects fundamentally the operations performed through channels aimed at non-account holders.

Banco Itaú Holding Financeira S.A. 14 Highlights of Pro Forma Segments (1) Does not represent the sum of the parts because certain segments transactions were eliminated only at the Consolidated level. (2) Including Endorsements and Sureties. R$ Million

Itaubanco 15 Itaubanco Pro Forma R$ Million

Itaubanco 16 Net Income Pro Forma R$ Million Diversification of Income sources

Itaubanco 17 Credit Cards – Account Holders Pro Forma R$ Million

Itaubanco 18 Insurance, Pension Plans and Capitalization Pro Forma R$ Million

Itaubanco 19 Strategies and Priorities Specialization, diversification and high quality of products and services rendered. Streamlining of processes generating reduction of expenses; Growth of Insurance, Pension Plans and Capitalization operations; Cross-Selling; Focus in the credit cycle aimed at the sustainable growth;

Itaú BBA 20 R$ Million Itau BBA Pro Forma

Itaú BBA 21 Strategies and Priorities Cross-Selling: explore synergies with Itaú, improving banking services offering such as payroll management and collection. Investment Banking: maintain the leadership in the local fixed income capital market, increase participation in the primary equity capital market, and intensify our focus in M&A operations, aiming to be the leader among local investment banks. International Area: support the internationalization process of Brazilian companies, offering products and services through Itaú’s conglomerate offshore structure.

Itaucred 22 Itaucred Pro Forma Operations performed through channels aimed at Non-Account Holders. R$ Million

Itaucred 23 Reach of new clients, in new segments; Cross-Selling; Focus in the credit cycle aimed at the sustainable growth; Strategies and Priorities Vehicles: Continue to grow market share by developing new segments and with presence in new markets; TAIÍ: Emphasis on personal and consumer credit to low income people and offer of banking products to non-account holders.

Banco Itaú Holding Financeira S.A. 24 R$ Net Income and Earnings per share Earnings per share Net Income R$ million 10.8% 16.8% 1.4% 10.3% 18.1% 2.4% Note: Stock quotes and quantities do not reflect the 900% split of the common and preferred shares traded at Bovespa on October 3, neither the 400% split of the ADRs traded at NYSE on October 6.

Conference Call about the Results of 3 rd Quarter of 2005 November 1, 2005