1. 1 Unibanco´s Consolidated Results for the Period Ended December 31, 2000 Unibanco´s Consolidated Results for the Period Ended December 31, 2000 Conference Call - February 20, 2001

2. 2 Contents Financial Summary Competitive Positioning Concluding Remarks

3. 3 Financial Summary Results and Capitalization Financial Summary Results and Capitalization 20001999 Net income (R$ million)73959125.0 Earnings/1000 shares6.025.57 8.1 Net worth (R$ million)5,5044,00237.5 ROAE17.518.5 ROAA1.81.7 BIS Ratio - Central Bank16.5%17.5% %

4. 4 Financial Summary Loan Growth Financial Summary Loan Growth In R$ million General Purpose Lending Trade Finance Subtotal Personal Loans Real Estate Leasing Credit Cards Subtotal Year % change Quarter % change Dec/99 Sep/00Dec/00 10,254 42.9% 30.9% 59.5% 16.3% -2.0% 51.7% 41.9% 8,389 3,070 11,459 2,762 441 769 1,773 5,745 7,178 3,557 10,735 2,130 436 950 1,560 5,076 22.2% 23.8% 22.7% 23.0% 15.0% 21.1% 33.5% 25.4% 3,802 14,056 3,398 507 931 2,367 7,203 Total 34.5%17,20415,81123.6%21,259 6.9%

5. 5 December 1999December 2000 Retail Banking 32% Large Corporate 41% Private 1% Credicard and Fininvest 10% Corporate Middle Market 16% Large Corporate 49% Retail Banking 24% Credicard and Fininvest 8% Private Corporate Middle Market 17% 2% Financial Summary Loan Breakdown R$ 15,811 millionR$ 21,259 million

6. 6 Financial Summary Deposits Financial Summary Deposits In R$ million Demand Deposits2,3921,686 706 165 541 Savings Deposits3,7062,6881,018 989 28 Interbank Deposits 199 99 100 45 55 Time Deposits7,0534,9952,0581,141 917 In R$ million Dec/00Sep/00 Bandeirantes + 50% Fininvest Organic Growth Total Deposits 1,5429,4683,882 2,340 13,350 Growth Deposits/Loans up from 55% to 63% QoQ

7. 7 Financial Summary Funding Financial Summary Funding In R$ million Year % change Funding in local currency Funding in foreign currency Quarter % change Dec/99 Sep/00Dec/00 60.0% 13.1% 52.5% 20,975 8,001 17,238 18,527 9,064 13,423 41.3% 28.1% 18.7% 29,640 10,250 20,467 Total Customer Funds 47.2% 46,21441,014 30.6% 60,357 Assets under management 29,703 30,826 34,322 41,014 60,327 96 9798 99 2000 CAGR of 19.4%, 103.1% in 4 years Total funding 44.6%28,97627,59137.7%39,890

8. 8 Financial Summary Fee Income Financial Summary Fee Income In R$ million 9697 9899 904 1,244 1,368 1,449 1,640 CAGR of 16.1%, 81.4% in 4 years Tariffs and comissions 22819516.980270114.4 Credit Cards 18014821.661950123.6 Asset Management 6262-219247 (11.3) 4Q003Q00 %20001999 % Total 1,44940516.01,640 470 Bandeirantes and Fininvest contributed R$ 25 million in fees in Dec/2000. 2000 13.2

9. 9 Fees/Personnel Exp.(%) 140.8137.678.3 Fees/Total Expenses.(%) 54.653.133.8 Cost Asset Ratio ( 1) 6.37.610.2 Financial Summary Personnel and Administrative Expenses Financial Summary Personnel and Administrative Expenses Acquisitions of Bandeirantes, Fininvest and Credibanco contributed R$ 90 million to total expenses Other newly consolidated companies (Cibrasec, Serasa, Banco1.net) contributed R$ 32 million to total expenses 5.6% increase in expenses YoY excluding both factors mentioned above 200019991996 2,6822,632 2,771 2,727 1,165 96979899 2000 1,107 1,147 1,143 1,053 3,002 PersonnelAdm. Expenses (1) Excludes impacts of Banco Bandeirantes and 50% of Fininvest 1,837 1,575 1,485 1,628 1,674

10. 10 Financial Summary Credit Quality Financial Summary Credit Quality In R$ million AAABC D - H 44% 27% 9% 12% 8% 2Q00 3Q004Q00 17,327 44% 28% 10% 8% 17,833 80%82%81% 41% 30% 10% 9% 22,148

11. 11 Gross Profit from Financial Intermediation 9269178803,5013,348 Provisions for Losses (net of recovery) (276)(260)(71)(859)(870) Fee Income 4704053661,6401,449 Personnel & Admin. Expenses (892)(734)(715)(3,001)(2,727) Other 78(48)(254)(112)(303) Income Before Tax & Profit Sharing 3062802061,169897 Net Income 183205166739591 Financial Summary Consolidated Income Statement Financial Summary Consolidated Income Statement 4Q003Q004Q9920001999 In R$ million

12. 12 Competitive Positioning - Retail Banking Client Base and Distribution Network Unibanco branches/CSB/ISB Bandeirantes branches/CSB Fininvest Network Bandeirantes Fininvest Unibanco 992000 3.7 4.0 3.0 0.7 7.7 3.5 98 99 1,080 2000 1,623 98 1,017 462 64 1,097 # of Clients (in million) Points of Sale

13. 13 10,000 7,500 4,450 3,600 2,500 1,500 700 0 2550 18303537404555 60 65 70 Age Income Source: Brazil IBGE (PNAD) - All sources Young Affluent Affluent Successful Beginner Upper Middle Family Older Up-scale Middle Family Middle Core Young Mass Market Mass Market Younger Lower Older Lower 19.9% from 2.1% to 10.8% Competitive Positioning - Retail Banking Customer Base - Market Share

14. 14 Competitive Positioning - Credit Cards 100% Cartão Unibanco 100% Fininvest 100% Bandeirantes # 1 in Credit Cards in Latin America Subtotal 3,32672,512 53411,802 2871109 14,671297,240 2,550 6 2,033 336 1 1,237 12,781316,408 4,14794,423 Market Share % Transactions R$MM Cards Issued (´000) Market Share % Transactions R$MM Cards Issued (´000) 33% Credicard 2000 1999 2,886 7 3,270 ---

15. 15 Competitive Positioning - Wholesale Banking 2.9 98 992000 3.8 3.6 Trade Financing 98 992000 BNDES Onlendings 4.0 98 992000 5.6 98 992000 12.4 10.0 Total Loans Private Banking Portfolio in R$ billion 9.1 3.1 2.4 1.7 4.4

16. 16 Competitive Positioning - Wholesale Banking Ranked #3 in disbursements of BNDES onlendings; entered 2001 as financial advisor to 37 projects demanding R$ 11 billion in financing Maintained share in excess of 8% of trade financing Capital Markets/Syndicated Lending: lead managed transaction totaling R$ 8.5 billion, up from R$ 7.4 billion in 1999 M&A: completed 11 advisory mandates; earned Euromoney Awards for Excellence 2000 Expanded middle market presence: increased client base and geographic presence Particularly well positioned for increased volumes in capital markets activities for large corporates, credit for the middle market, and advisory and convenience/cash management services to both segments.

17. 17 Competitive Positioning Insurance Combined Ratio (%) 108.0 105.0 101.2 104.7 108.3 106.5 989900 Unibanco AIG Market 61.6 62.7 61.9 66.3 68.9 68.0 989900 Unibanco AIG Market Claims (%) Premiums Written Premiums Written by Segment Unibanco AIG Seguros 31% Auto Life and accidents 27% Health 6% Property 14% 10% 8% 4% Others CTPL Marine cargo 1,075 997 1,150 379 349 369 989900 Insurance (Unibanco, AIG, Trevo)Pension Plans 1,454 1,346 1,519

18. 18 Competitive Positioning Asset Management Focus on distribution Assets under management in R$ billion 9899 Unibanco Bandeirantes 2000 10,175 13,423 20,467 18,697 1,770 Market Share 98992000 6% 5% 4% Management fees Lever retail volumes from organic growth and acquisitions Focus on performanceMaintain solid position in institutional/ corporate segment and increase of volumes in Private 98992000 2.66% 1.88% 1.41%

19. 19 Concluding Remarks Competitive Arena - Multiple of Total Assets Concluding Remarks Competitive Arena - Multiple of Total Assets 1-Bradesco2.9x 2-Itaú 2.3x 3-Santander Banespa 2.3x 4 - Bamerindus1.6x 5-Unibanco 6-Econômico 0.9x 7-Nacional0.8x 8-Real0.7x 1990 Multiple Challenges: end of inflation growth / scale efficiency / quality capitalization

20. 20 1-Bradesco (1) 1.8x 2-Itaú (2) 1.3x 3-Santander Banespa (2) 1.2x 4 - Unibanco (1) 1.0x 5- ABN Real (3) 0.7x 6-Safra (3) 0.4x 7-HSBC Bamerindus (3) 0.4x 8-BBVA Econômico (3) 0.2x Concluding Remarks Competitive Arena - Multiple of Total Assets Concluding Remarks Competitive Arena - Multiple of Total Assets 1-Bradesco2.9x 2-Itaú 2.3x 3-Santander Banespa 2.3x 4 - Bamerindus1.6x 5-Unibanco 6-Econômico 0.9x 7-Nacional0.8x 8-ABN Real0.7x 1990 Multiple Challenges: declining spreads growth / scale efficiency / quality 2000 Multiple (1) As of December,2000 (2) As of September,2000 (3) As of June,2000

21. 21 Concluding Remarks The Credit Opportunity 20% Average Loan Growth (R$ 31.6 Billion) 18% 12.4% R$ 10.2 billion 5 years BIS RatioROAE Forecast: Potential Leverage in 5 th year BIS16.5% AssetsR$ 51.5 billion LoansR$ 21.3 billion December 2000 Credit as lever for whole spectrum of revenues of a well balanced universal banking franchise