1. 1 Banco do Brasil 4Q07 Results

2. 2 Net Income Recurring Net Income – R$ million Net Income – R$ million ROE - % Recurring ROE - % 3Q074Q061Q072Q07 20062007 6,044 5,748 3,665 5,058 26.7 29.4 20.9 26.3 29.4 31.0 19.5 22.5 32.1 25.5 4Q07 1,582 1,364 1,248 1,409 1,464 1,068 1,217 Δ Recurring Net Income (0.4%) 1,243 22.2 22.7 Δ Recurring Net Income 56.8%

3. 3 Net Income6,0445,058 20062007 Early Retirement Plan Cassi Restructuring Other Effects Recurring Net Income - - 425 1,905 899 - 3,665 604 325 - - - 239 5,748 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. 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

5. 5 15.1 21.6 18.6 14.7 25.3 19.2 3.7 5.8 4.6 3.5 6.1 4.7 3.9 6.1 4.8 4Q061Q072Q0720062007 Other Interest Revenues Loan Revenues Interest Expenses Net Interest Income 4.85.0 5.2 18.1 20.8 3.7 6.5 5.1 3Q07 5.2 3.5 6.6 4.6 4Q07 5.5 9.5 9.6 10.0 10.3 10.1 36.7 40.0 Net Interest Income R$ billion

6. 6 (1) Net Interest Income Over Earning Assets NIM Annualized¹ - % Selic Rate - % Annualized NIM by Loan Portfolio - % 4Q061Q072Q073Q074Q07 6.47.06.6 8.0 7.3 7.0 7.2 31.8 28.928.8 27.7 5.8 6.9 26.6 4Q061Q072Q073Q07 4Q07 8.4 7.9 8.0 7.7 7.8 13.25 12.75 12.00 11.25 Net Interest Income Agribusinesses IndividualsBusinesses

7. 7 22.9 18.2 12.7 29.9 36.1 46.4 4Q061Q072Q07 Funding Interest Rate Investment Interest Rate Floating RateFixed Rate Domestic Long Net Exposure - R$ billion 14.6 49.4 3Q07 15.1 62.4 4Q07 129.3 126.3 130.1 131.7 133.8 73.9 69.9 71.9 75.3 70.5 Long Exposure vs. Interest Rate Related to Selic - %

8. 8 BusinessesAgribusinessesIndividualsAbroad 51.9 45.1 24.0 12.2 Dec/06 133.2 55.2 46.8 26.1 12.3 Mar/07 140.4 56.3 48.8 27.9 12.2 Jun/07 145.2 59.7 48.4 29.5 12.6 Sep/07 150.2 Dec/07 65.5 51.9 32.0 11.4 160.7 Loan Portfolio R$ billion Δ % over 4Q063Q07 20.7 7.0 (6.6)(9.4) 33.4 8.5 15.1 7.1 26.1 9.7

9. 9 Cars LoanCredit Card Overdraft Account Payroll LoanOthers 3.1 2.2 8.3 9.5 24.0 0.9 3.2 2.7 9.3 9.6 26.1 1.3 3.4 2.6 10.2 9.9 27.9 1.7 3.6 2.6 11.0 2.2 29.5 10.1 4.3 2.4 11.9 2.9 32.0 10.5 Loan Portfolio - Individuals R$ billion Δ % over 4Q063Q07 33.4 8.5 10.2 4.9 8.7(7.3) 39.517.8 43.3 7.9 227.431.5 Dec/06Mar/07Jun/07 Sep/07Dec/07

10. 10 BB Banking Industry BB Average Risk - % Required Provision / Past Due Loan + 90 days - % 214.0 170.1 222.7 173.1 221.9 166.2 4Q061Q072Q073Q07 5.4 6.2 6.0 6.2 202.8 167.7 4Q07 5.8 5.4 204.5 169.2 5.5 5.4 Credit Risk

11. 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 - % 6.5 6.4 4.1 4.2 4.1 4.7 2.9 2.8 3.4 4Q061Q072Q073Q074Q07 4.5 3.3 6.4 1,257 1,431 1,236 4Q061Q072Q073Q07 1,216 4Q07 1,497 5.0 4.8 4.1 3.7 Provision for Credit Risk and Delinquency

12. 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. 13 Saving DepositsDemand Deposits Time DepositsOthers Dec/06 36.7 40.1 76.9 5.2 158.8 Mar/07 38.9 35.6 80.9 5.3 160.7 Jun/07 40.8 36.8 81.4 5.4 164.5 Sep/07 43.8 38.7 83.6 6.0 172.2 Dec/07 45.8 51.3 85.5 5.6 188.3 Deposits R$ billion Δ % over 4Q063Q07 18.59.4 8.6 (6.4) 11.22.2 28.1 32.5 24.94.6

14. 14 CustomersProductsOthers 4Q073Q072Q071Q074Q06 20062007 8,888 9,902 1,491 727 280 2,498 1,460 716 261 2,437 1,394 703 279 2,377 1,337 672 278 2,287 1,556 769 266 2,590 5,280 5,901 2,607 2,915 1,073 1,085 Fee Income R$ million Δ % over 2006 13.3 11.9 1.1 11.4

15. 15 Customers - million Assets under Management - R$ billion Market Share - % 220.1 206.9 Dec/07 182.7 193.1 208.9 Dec/06Mar/07Jun/07Sep/07 Δ= 6.4% Δ= 20.5% 18.3 19.1 18.1 IndividualsBusinesses 24.4 22.8 1.6 24.6 23.0 1.6 23.3 1.6 24.9 23.6 1.6 25.2 Dec/07 Dec/06Mar/07Jun/07Sep/07 24.3 1.7 26.0 Asset Management Customers and Asset Management

16. 16 Added Value¹ 275 4Q07 316 3Q074Q06 300 1Q07 315 2Q07 Δ= (6.9%) Δ= (8.3)% 294 20062007 1,123 1,200 Δ= 6.8% Insurance R$ million (1) Includes equity income, fee income, commission and asset management income

17. 17 657 546 4Q074Q06 558 1Q07 508 2Q07 566 3Q07 Δ= 20.2% Δ= 17.7% Added Value¹ 20062007 1,984 2,279 Δ= 14.9% Credit Cards R$ million (1) Includes fee income, financing income, equity income and others

18. 18 Revenue - R$ billion Credit Cards Quantity - million 69.1 4Q07 56.4 59.8 64.1 57.0 4Q061Q072Q073Q07 10.9 11.5 12.3 14.3 11.1 37.9 49.3 20062007 56.4 69.1 42.3 48.9 14.1 20.2 42.342.6 44.1 46.3 48.9 Δ= 22.5% Δ= 7.8% 20.2 14.1 15.7 17.8 14.4 Debit and Credit Cards Debit Cards Quantity - million

19. 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 3,331 20062007 12,878 13,296 7,270 5,608 7,077 6,219 Administrative Expenses R$ million Δ % over 2006 (2.7) 10.9 3.3 (1) Legal risk and extraordinary items are not included.

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

21. 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. 22 Fee Income Personnel ExpensesCoverage Ratio¹ - % Coverage Ratio without Retirement Plan and Cassi¹ - % 4Q061Q072Q07 2.3 2.0 2.4 1.9 2.4 2.5 3Q07 2.5 2.4 4Q07 2.6 2.3 (1) Year to Date Productivity Ratio R$ billion 110.1 108.1107.2 127.7 127.9 113.2 130.6 130.3

23. 23 Administrative Expenses Operating IncomeEfficiency Ratio¹ - % Efficiency Ratio without Retirement Plan and Cassi¹ - % 4Q061Q072Q07 3.6 7.1 3.3 7.5 4.2 7.7 3Q07 4.2 7.7 4Q07 4.2 8.0 47.4 44.1 49.1 50.8 51.4 44.7 45.5 46.9 Productivity Ratio R$ billion (1) Year to Date

24. 24 Tier IITier I Mar/07 11.6 5.5 17.2 Jun/07 10.6 5.3 15.9 10.7 4.9 Dec/07 15.6 Sep/07 10.5 5.2 15.7 11.6 5.6 17.3 Dec/06 Leverage BIS Ratio - % Loan / Total Deposits - % 83.8 4Q06 87.4 1Q07 88.3 2Q07 87.2 3Q07 85.4 4Q07

25. 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. 26 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 www.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