1. 1 Banco do Brasil 4Q08

2. 2 Economic Environment Selic Interest Rate Ratio - % IPCA - Price Index 17.8 7.6 2004 18.0 5.7 2005 13.3 3.1 2006 11.3 4.5 2007 13.8 5.9 2008

3. 3 Economic Environment International Reserves Volume Sovereign Risk - basis points Trade Balance US$ billion 33.8 44.9 46.5 40.0 52.9 53.8 85.8 180.3 2004200520062007 24.7 206.8 2008 383 305 193 222 416

4. 4 Banking Industry 56.4 43.6 2004 52.8 47.2 2005 52.2 47.8 2006 51.9 48.1 2007 Businesses Individuals Loan / GDP - % Loan Segments - Free Resources % Source: Brazilian Central Bank 2008 54.7 45.3 26.9 31.2 30.7 34.7 41.3

5. 5 Others Vehicles Payroll Loan Credit Cards / Overdraft Account Individual Loan Segments - % Loan Segments Source: Brazilian Central Bank 2004 47.2 27.5 12.4 13.0 2005 45.1 26.6 16.6 11.7 2006 42.5 26.7 20.2 10.6 2007 44.5 25.7 20.4 9.5 2008

6. 6 Board of Officers Internal Audit Board of Directors Shareholders General Meeting Board of Auditors Foreign Trade Wholesale International Security Management Executive Secretariat Strategy and Organization Marketing and Communication Legal Internal Controls Directorships Units Cards New Retail Business Insurance. Pension and Capitalization High Income Retail Micro and Small Enterprises Agribusiness Operational Support Logistics Government Employee Relations and Social Env. Resp. Finance Human Resources Controlling Credit Risk Management Pension Fund Management Capital Markets and Investment Investor Relations Accounting Reestructuring of Operational Assets Audit Committee Distribution and Retail Channels CEO VP of International Business and Wholesale VP of Cards and New Retail Business VP of Technology and Logistics Software Development VP of Human Resources and Social Environmentall Responsability VP of Credit. Controlling and Risk Management IT Infraestructure Technology VP of Finance. Capital Markets and IR VP of Government VP of Agribusiness VP of Retail and Distribution Low Income

7. 7 COBRA BB-99.36% ON 99.35% Total BI-0.04% ON 0.04% Total BB LEASING BB - 100% ON 100% Total BB VIENA BB -100% ON 100% Total BB CARTÕES BB - 100% ON 100% Total BB LEASING Co. LTD BB - 100% ON 100% Total BB DTVM BB -100% ON 100% Total BB CORRETORA BB - 100%ON 100% Total BAMB BB -100% ON 100% Total BB CONSÓRCIOS BB - 100% ON 100% Total BB BI BB - 100% ON 100% Total BANCO DO BRASIL SECURITIES LLC BB - 100% ON 100% Total BB SECURITIES BAMB -100% ON 100% Total BB TURISMO BAMB - 99% ON BB Leasing - 1% ON 100% Total ATIVOS S.A. BB BI - 49% ON 74.50 % Total BAMB - 51% ON 25.50% Total BRASILPREV BB-BI 49.99% ON 49.99% Total CIBRASEC BB-BI 9.09% ON 9.09% Total SBCE BB-BI 12.09% ON 12.09% Total BRASILSAÚDE BB-BI 49.92%ON 49.92% Total VISANET BB BI 31.63% ON 31.63% Total Securities Group ITAPEBI BB-BI 19% ON 19% Total BRASILCAP BB-BI 49.99% ON 49.99% Total KEPLER WEBER BB-BI 18.94% ON 17.65% Total BBDTVM 0.0245% ON 0.0228% Total VISA VALE BB BI 35% ON 40.35% Total PRONOR BB 1.77% PN 1.05% Total BB-BI 5.51% PN 3.27% Total BBDTVM 29.51% ON 12.02% Total Strategic Participation Non-strategic Participation BRASIL VEÍCULOS BB-BI 40% ON 70% Total NEOENERGIA BB-BI 8.81% ON 11.99% Total TECBAN BB BI 8.96% ON 8.96% Total B CADAM BB 56.19% PN 21.64% Total Non-Strategic Participation MANAGED BB PREVIDÊNCIA Closed Private Pension Entity SPONSORED CASSI PREVI FBB Other Participation RELATED COMPANIES / PARTICIPATION B B B I C O N T R O LLED BANCO POPULAR DO BRASIL BB -100% ON 100% Total FOUNDATION Banco Múltiplo National Treasury 65.60 % Previ 10.37 % BNDESPAR 2.49 % Individuals 5.77 % Businesses 4.47 % Foreign Capital 11.26 % Shares in Treasury 0.04 % ALIANÇA DO BRASIL BBBI - 100%ON 100% Total

8. 8 National Treasure PREVI BNDESPar Foreign Investors Others Participation 65.6% 10.4% 2.5% 11.3% 10.2% Free float: 21.5% Ownership Structure 4.0 2.8 2004 6.8 3.5 3.4 2005 6.9 7.6 7.2 2006 14.8 11.7 10.0 2007 21.7 Free Float - % 2008 21.5 10.0 11.3 10.2

9. 9 Price / Book Value Price / Earnings 1.8 2004 2.0 2005 2.5 2006 3.1 2007 8.6 2004 8.1 2005 8.7 2006 14.9 2007 Share’s Performance 2008 1.4 2008 4.3

10. 10 1.3 2004 1.7 2005 2.4 2006 2.0 2007 0.4 2004 0.6 2005 1.0 2006 0.8 2007 Share’s Performance 2008 1.4 3.4 2008 Earnings / Share – R$ Dividends and Interest on Own Capital / Share – R$

11. 11 dec/03dec/04dec/05dec/06dec/07dec/08 Ibovespa Banco do Brasil BradescoItaú Unibanco Share’s Performance 133.6% 68.9% 181.7% 162.7% 212.2%

12. 12 Profitability 3.0 2004 4.2 2005 6.0 2006 5.1 2007 26.0 2004 33.7 2005 52.8 2006 75.3 2007 Net Income - R$ billion ROE - % Market Capitalization - R$ billion Dividends and Interest on Own Capital - R$ million 37.7 2008 954 1.498 2.418 2.023 3.521 8.8 2008 23.0 26.8 32.1 22.5 32.5

13. 13 Shareholder’s Equity - R$ billion 14.1 2004 16.9 2005 20.8 2006 24.3 2007 Capital Structure Tier IITier I 2004200520062007 Basel¹ 15.2 10.6 4.6 17.1 11.7 5.4 17.3 11.7 5.6 15.6 10.7 4.9 2008 11.0 15.6 10.7 4.9 29.9 2008 (1) Basel II since 3Q08

14. 14 239.0 2004 253.0 2005 296.4 2006 Market Share % Assets** - R$ billion Assets 521.3 2008 2007 366.9 CAGR: 21.5% 16.5% 15.1% 14.8% 19.0*% (*) Until Sep/08 - Source: Brazilian Central Bank(**) Economic-Financial Consolidated

15. 15 Money Market Borrowing Demand Deposits Saving Deposits Others 2004 49.7 44.5 29.0 31.1 5.8 160.1 2005 63.5 30.5 35.8 32.8 5.5 168.2 2006 76.9 49.3 40.1 36.7 5.2 208.1 2007 85.5 72.3 51.3 45.8 5.6 260.6 CAGR (%): 22.7 25.3 13.7 17.4 Market Share - % R$ billion Time Deposits 19.7 31.8 2008 362.6 Funding 52.0 55.0 149.8 91.4 14.3 20.9 19.1 19.6 19.8 19.9* (*) Sep/08

16. 16 100.0 Saving Deposits Time Deposits Judicial Deposits Total Deposits Money Market Borrowing Total Funding Funding Cost - as % of Selic Funding 68.98 91.60 64.69 69.49 43.78 72.74

17. 17 Individuals Businesses Agribusiness Abroad Loan Portfolio CAGR (%): 26.2 13.8 20.7 30.6 32.0 R$ billion Market Share* - % 2004 16.1 33.4 30.0 9.0 88.5 2005 18.4 38.5 35.7 9.2 101.8 2006 24.0 51.9 45.1 12.2 133.2 2007 32.0 65.5 51.9 11.4 160.8 2008 48.8 97.2 63.7 15.1 224.8 15.9 15.3 16.516.017.1* (*)Sep/08 - Domestic Portfolio

18. 18 Others Payroll Loans Overdraft Account Credit Card Vehicle Loans CAGR (%): 32.0 1.3 117.3 39.7 1.4 85.9 Consumer Finance R$ billion 16.1 2004 10.0 1.5 2.0 2.3 0.3 18.4 2005 9.7 3.8 2.5 2.2 0.2 24.0 2006 9.5 8.3 3.1 2.2 0.9 32.0 2007 8.2 11.9 3.8 2.3 3.0 48.8 2008 10.5 17.6 7.6 6.7 2.5

19. 19 SMEMiddle and Corporate Enterprises CAGR (%): 30.6 27.6 32.5 Credit to Businesses R$ billion 20.2 13.2 2004 23.1 15.4 2005 33.6 18.3 2006 40.9 24.6 2007 62.3 34.9 2008 97.2 65.5 51.9 38.5 33.4

20. 20 BusinessesIndividuals CAGR (%): 20.6 44.9 14.9 Credit to Agribusiness R$ billion 2004 30.1 25.9 4.2 2005 35.8 30.5 5.3 2006 45.1 36.6 8.5 2007 51.9 40.2 11.7 2008 63.7 45.2 18.5

21. 21 Provision Expenses - R$ billion Provision Expenses/Loan Portfolio¹ - % 2004 3.5 2005 4.5 2006 5.7 2007 5.4 Credit Risk 2008 6.8 4.3 4.7 5.0 3.7 3.6 (1) Average Loan Portfolio and Expenses in the last 12 months.

22. 22 5.6 5.4 6.1 6.6 6.5 6.4 6.1 5.0 4.7 5.1 5.8 5.4 2.4 2.7 2.5 3.4 2.8 3.0 3.3 1.4 2.0 2.1 1.6 1.1 2.9 3.5 Additional + Required Provision / Loan Portfolio - %Required Provision / Loan Portfolio - % Past Due Loans + 90 days¹ / Loan Porfolio - % Losses² / Loan Portfolio - % 2002200320042005200620072008 Credit Risk (2) Net of Recovery (1) Information from 2002 and 2003 refers to Past Due Loans + 60 days

23. 23 Net Interest Income Loan Revenues Other Interest Revenues Net Interest Income R$ billion 2004 31.3 17.1 14.2 2005 33.6 19.2 14.4 2006 36.7 21.6 15.1 2007 40.0 25.3 14.7 34.5 23.5 2008 58.0 15.7 16.7 18.1 20.8 24.1

24. 24 NIM (1) Annualized Net Interest Income over Earning Assets Agribusiness Individuals Businesses Selic - % NIM¹ - % Annualized NIM by Loan Portfolio - % 4Q071Q082Q083Q084Q08 4Q071Q082Q083Q08 4Q08 5.8 5.04.9 5.2 5.6 6.9 6.5 6.6 7.3 26.6 24.1 23.4 22.0 21.6 11.25 12.25 13.75 7.8 7.2 7.3 7.2 7.3

25. 25 Productivity R$ billion 2004 12.6 23.2 2005 13.1 27.3 2006 13.7 28.9 2007 14.3 30.9 2008 15.4 34.0 41.9 46.2 47.5 48.1 54.2 51.4 45.3 Administrative Expenses¹Operating Income¹ Efficiency Ratio - %Efficiency Ratio without one-off Itens - % (1) without one-off itens

26. 26 Productivity 2004 7.1 6.6 2005 7.5 7.6 2006 7.9 8.9 2007 7.8 9.9 R$ billion 8.5 10.5 2008 121.7 127.7 124.5 93.1 102.3 112.9 108.1 Administrative Expenses¹Operating Income¹ Efficiency Ratio - %Efficiency Ratio without one-off Itens - % (1) without one-off itens

27. 27 Credit and Debit Cards CAGR (%): 16.7 36.4 11.3 2004 34.4 6.9 41.3 2005 40.0 9.3 49.3 2006 41.7 14.1 55.8 2007 47.2 20.2 67.4 52.7 23.9 2008 76.6 64.3 49.1 37.9 31.6 24.3 Debit Cards Issued - million Revenues – R$ billion Credit Cards Issued - million

28. 28 CAGR (%): 8.3 8.2 7.9 Structure 2004 22.1 2005 24.4 2006 25.7 2007 27.4 2008 30.4 200479.7200583.8200682.7200781.9 200889.0 (*) Including BESC since Sep/08 20.8 23.0 25.0 26.7 28.5 1.4 1.5 1.6 1.7 1.9 IndividualsBusinesses Customers* - million Employees - thousand

29. 29 88.4200489.2200590.02006 91.32007 Structure 91.1 2008 200414.5 10.7 3.7 200514.810.9 3.9 200615.1 11.1 4.0 200715.3 11.3 4.0 2008 16.0 (*) Including BESC since Sep/08 4.3 11.6 OthersBranches Points of Service* - thousand Transaction in Automated Channels - %

30. 30 Retail 993 Wholesale 7 Government 9 High Income 10 Retail 1.482 Wholesale 48 Government 5 High Income 46 Retail 1.056 Wholesale 22 Government 3 High Income 9 Retail 386 Wholesale 5 Government 5 High Income 10 Retail 235 Wholesale 2 Government 7 High Income 2 5.7% 9.4% 23.5% 36.4% 25.1% Structure Distribution Network by Customer Northeast North Midwest South Southeast

31. 31 ATM Internet Individuals Cash POS Others 6.92004 7.92005 8.22006 8.52007 8.62008 13.3 18.1 8.7 9.9 4.4 45.6 14.3 19.3 8.9 6.1 40.6 10.9 Internet Businesses Structure Transactions per Channels - % Internet Banking – million of customers

32. 32 246.3 2008 124.0 2004 153.5 2005 182.7 2006 220.1 2007 CAGR: 18.7% Client Profile Retail 23.7% Wholesale 9.6% Government 20.0% Institutional Investors 41.6% Foreign Investors 5.0% Investment Profile Fixed Income 51.0% Multi-strategy 19.0% Equities 16.2% Others 13.9% R$ billion Asset Management

33. 33 R$ million 2004 720 2005 889 2006 1.130 2007 1.209 2008 1.511 CAGR: 20.4% Insurance - Added Value

34. 34 Investor Relations Unit SBS - Quadra 1 - Bloco C - Ed. Sede III - 5° floor 70073-901 - Brasília (DF) Phone: 55 (61) 3310-3980 Fax: 55 (61) 3310-3735 bb.com.br ri@bb.com.br 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 www.bb.com.br/ri