Investor Relations 1 BANCO DO BRASIL 1Q05 Results

Investor Relations 2 R$ million Highlights (1) Equity Income + Other Operating Income (2) Taxes on Revenues + Other Tax Expenses + Other Operating Expenses

Investor Relations 3 R$ million Highlights (1) Annualized

Investor Relations 4 Spread Reduction Growth of Credit Portfolio Credit Risk Worsening Growth of Service Revenues Reduction of Administrative Expenses Increase in Income Tax and Social Contribution Result Building Up

Investor Relations 5 Net Income Changes - R$ million Result Building Up Net Income 4Q04 Net Income 1Q05 Administrative Expenses Other Operational Revenues/Expenses Non-Operating Income Equity Income Service Revenues Profit Sharing Others Net Interest Income Non-Recurring Items Allowance for Loan Losses Taxes

Investor Relations 6 Gain/(Loss) due to Volume Gain/(Loss) due to Spread Gain/(Loss) due to Volume and Spread 116 (109)(3) 4,086 4Q Q Q ,493 4Q ,802 Volume - R$ million Spread - % ,829 1Q Q Q ,493 4Q ,946 Volume - R$ million Spread - % Spread Reduction Analysis of Volume and Spread

Investor Relations 7 NIM ¹ (Annualized) - % Spread by Credit Portfolio - % AgribusinessCommercialRetail Q042Q043Q044Q041Q05 1Q042Q043Q044Q041Q05 Spread Reduction (1) Net Interest Margin - Related to Earning Assets

Investor Relations 8 1Q04 - %4Q04 - %1Q05 - % IndividualsSMEsBusinessesAgribusinessAbroad Growth of Credit Portfolio R$ million

Investor Relations 9 ¹ (1) Source: Brazilian Central Bank Credit Risk - % RetailCommercialAgribusinessForeign TradeAbroad AA-CD-H

Investor Relations 10 Delinquency 1Q042Q043Q044Q041Q05 Allowance / Credit Portfolio - % Past Due Loans / Credit Portfolio - % Past Due Loans + 60 days / Credit Portfolio - % Q042Q043Q044Q041Q05 Losses / Credit Portfolio ¹ - %Expenses / Portfolio - % (1) Annualized

Investor Relations 11 R$ million Customers Base - millionAsset Management - R$ billion Q042Q043Q044Q041Q Q042Q043Q044Q041Q (1) Net Interest Income (2) 12 Months Growth of Service Revenues CustomersServ. Revenues + NII¹/ Average² Customers - R$Asset ManagementMarket Share - %

Investor Relations 12 R$ million Reduction of Administrative Expenses

Investor Relations 13 Assets per Workforce - R$ thousand Workforce per Branch ¹Customers per Workforce 2,503 2,455 2,531 2,5702,597 1Q042Q043Q044Q041Q Q042Q043Q044Q041Q Q042Q043Q044Q041Q05 Productivity Ratios (1) Branch + Advanced Service Post + Banking Service Post

Investor Relations 14 Customers per Point of Service Serv. Rev. per Point of Service - R$ thousand Credit Portfolio per Point of Service - R$ million Q042Q043Q044Q041Q05 1,423 1,4421,4481,4591,457 1Q042Q043Q044Q041Q Q042Q043Q044Q041Q05 Productivity Ratios

Investor Relations 15 Coverage Ratio ¹ - % YTD Q042Q043Q044Q041Q05 Efficiency Ratio ² - % YTDEfficiency Ratio Change R$ million (1) Service Revenues / Personnel Expenses (2) Administrative Expenses / Operating Income Q042Q043Q044Q041Q05 Productivity Ratios

Investor Relations 16 Increase in Income Tax and Social Contribution ,242 1,043 1, , Q042Q043Q044Q041Q05 Tax Rate - % Pretax Income - R$ millionTaxes - R$ million

Investor Relations 17 Strategy Aiming Results BB Consignação - R$ 1.8 billion balance and more than 6 thousand agreements; BB Crediário - more than 624 thousand POS - 12 million registered customers; Banco do Brasil Estilo - around 430 thousand customers; BB Consórcios - more than 142 thousand quotas - 3rd in the Central Bank ranking; ATMs’ Sharing - more than 85 thousand transactions; Banco do Brasil Call Center thousand daily calls on average. ACC/ACE - more than US$ 3 billion contracted in 1Q05;

Investor Relations 18 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