1. Results of the 2nd Quarter/2006 August 02, 2006

2. Banco Itaú Holding Financeira S.A. 1 Highlights 3. Additional provisions :  R$ 230 million increase in the excess provision for loan losses in the semester, reaching the balance of R$ 1.6 billion;  R$ 190 million reversal of additional provision for securities in the semester, remaining the balance of R$ 180 million; 1.Results:  2nd Qtr/06: Net Income of R$ 1,498 million, 2.6% higher than the previous quarter; annualized ROE of 35.1%;  1st Sem/06: Net Income of R$ 2,958 million, 19.5% higher than the 1st Sem/05; annualized ROE of 35.7%; 4. Nonperforming Loans Ratio: Nonperforming loans ratio of 4.4% (previous criteria); 2. The loan portfolio grew 3.8% in the quarter and 10.4% in the first half:  Personal Loans: 9.8% in the quarter and 21.9% in the semester;  Vehicles: 12.8% in the quarter and 28.4% in the semester; 5. BIS Ratio: Maintenance of the high level of 16.3%.

3. Banco Itaú Holding Financeira S.A. 2 R$ Million (except where indicated) Highlights 2nd Qtr/061st Qtr/06 Variation 1st Sem/06 1st Sem/05 Variation Net Income 1,498 1,4602.6% 2,958 2,47519.5% Earnings per share (R$) 1.35 1.322.3% 2.67 2.2021.4% Stockholders' Equity 17,555 16,6195.6% 17,555 15,02716.8% Annualized ROE (%)35.1%36.3%-120 b.p.35.7%34.0%170 b.p. Market Capitalization 69,911 70,895-1.4% 69,911 48,58043.9% BIS Ratio (%)16.3%16.9%-60 b.p.16.3%18.3%-200 b.p. Efficiency Ratio (%)43.5%45.2%-170 b.p.44.4%50.3%-600 b.p. Nonperforming Loans Ratio (%)4.4%4.0%40 b.p.4.4%3.0%140 b.p.

4. Banco Itaú Holding Financeira S.A. 3 Non Recurring Effects – Net of tax effects R$ Million 2nd Qtr/061st Qtr/06 Net Income 1,498 1,460 Financial Margin on Banking Operations (94) (158) Revenue and expenses from deposits and liabilities - (99) Securities available for sale (64) - Reversal of the additional provision for securities (66) (59) Hedge for BankBoston's positions 36 - Result from Loan Losses 13 86 Loans Sold (122) - Exceeding Allowance 66 86 Effects of the Adequacy of Credicard's Criteria of Provisioning 69 - Extraordinary Results 60 10 Total - Non recurring effects (21) (63) Recurring net income 1,477 1,397

5. Banco Itaú Holding Financeira S.A. 4 R$ Million Itaú Holding Pro Forma 2nd Qtr/061st Qtr/06 Variation 1st Sem/061st Sem/05 Variation Managerial Financial Margin 3,920 4,087-4.1% 8,007 6,29127.3% Banking Operations 3,603 3,642-1.1% 7,246 5,56130.3% Treasury 182 296-38.6% 478 41714.6% Management of FX Risk from Investments Abroad 135 149-9.4% 283 312-9.2% Result of Loan Losses (1,226) (1,287)-4.7% (2,513) (1,085)131.7% Banking Service Fees 2,127 2,1210.3% 4,249 3,64616.5% Non-Interest Expenses (2,711) (2,779)-2.5% (5,489) (4,944)11.0% Net Income 1,498 1,4602.6% 2,958 2,47519.5% Average Stockholders' Equity 17,087 16,0896.2% 16,578 14,54214.0% Annualized ROE (%)35.1%36.3%-120 b.p.35.7%34.0%170 b.p.

6. Banco Itaú Holding Financeira S.A. 5 R$ Million Managerial Financial Margin 2nd Qtr/061st Qtr/06 Variation Managerial Financial Margin 3,920 4,087 (167) Banking Operations 3,603 3,642 (39) Revenues and Expenses from Deposits and Liabilities - (169) 169 Securities Available for Sale (104) - Reversal of Additional Provision for Securities (100) (90) (10) Hedge of BankBoston’s positions 59 - Recurring Banking Operations 3,458 3,383 75 Treasury 182 296 (114) Management of Foreign Exchange Risk from Investments Abroad- net of tax effects 135 149 (14) The presented values differ from screen 3 therefore are gross of the fiscal effect.

7. Banco Itaú Holding Financeira S.A. 6 Loans by Type of Customer R$ Million (*) Farming and Agribusiness Credit and Mortgage Loans – Linked to the available funds from Demand and Savings Deposits. Jun 30, 06Mar 31, 06Dec 31, 06Jun 30, 05 Jun/06 - Mar/06 Jun/06 - Dec/05 Jun/06 - Jun/05 Individuals 33,992 30,813 28,471 22,81610.3%19.4%49.0% Credit Cards 7,372 6,904 7,216 5,3596.8%2.2%37.6% Personal Loans 12,575 11,457 10,320 9,2769.8%21.9%35.6% Vehicles 14,046 12,451 10,936 8,18112.8%28.4%71.7% Businesses 36,128 36,703 34,744 31,584-1.6%4.0%14.4% Small and Medium Sized Companies 14,024 13,741 12,784 11,1472.1%9.7%25.8% Corporate 22,104 22,962 21,960 20,437-3.7%0.7%8.2% Mandatory Loans (*) 4,663 4,529 4,541 4,2473.0%2.7%9.8% Total Loans 74,783 72,046 67,756 58,6473.8%10.4%27.5%

8. Banco Itaú Holding Financeira S.A. 7 Composition of the Loan Portfolio

9. Banco Itaú Holding Financeira S.A. 8 (*) Balance of Provision for Loans Losses / Balance of Loans overdue for more than 60 days and that do not generate income. Nonperforming Loans and Coverage Ratios Accounting Criteria Previous Criteria Nonperforming Loans Ratio (%) Businesses NPL Ratio Individuals

10. Banco Itaú Holding Financeira S.A. 9 R$ Million Banking Service Fees (1)Mutual Funds and Consortia. 2nd Qtr/061st Qtr/06Variation 1st Sem/06 1st Sem/05 Variation Asset Management (1) 462 4493.0% 911 81312.1% Current Account Services 375 3652.7% 739 6838.2% Credit Cards 502 4873.2% 989 89510.4% Loans and Guarantees Issued 390 3880.7% 778 56837.0% Collection Services 207 224-7.5% 431 4027.2% Other 190 210-9.1% 400 28540.4% Total 2,127 2,1210.3% 4,249 3,64616.5%

11. Banco Itaú Holding Financeira S.A. 10 R$ Million Non-Interest Expenses (1) Not including PIS, Cofins and ISS. 2nd Qtr/061st Qtr/06Variation1st Sem/061st Sem/05Variation Personnel Expenses 1,058 1,132-6.6% 2,190 1,92713.6% Other Administrative Expenses 1,289 1,2294.8% 2,518 2,28010.5% Other Operating Expenses 299 335-10.8% 634 54416.5% Tax Expenses (CPMF / Others) (1) 66 82-19.7% 146 193-24.4% Total 2,711 2,779-2.4% 5,489 4,94411.0%

12. Banco Itaú Holding Financeira S.A. 11 Efficiency Ratio Note: For further details about the criteria, please consult Itaú Holding’s Management Discussion and Analysis report. 50.3% 44.4% 50.3%

13. Banco Itaú Holding Financeira S.A. 12 (1)Does not take into consideration the corresponding tax effects. (2)Includes unrealized minority interest gains in Equity of R$ 660 million in June/06, R$ 567 million in March/06 and R$ 266 million in June/05. Financial Instruments – Market Value R$ Million Unrealized Profits/(Losses) (1) In Stockholders' Equity 06/30/0603/31/0606/30/05 Interbank Deposits 14 34 11 Securities and Derivatives 306 466 575 Loans 31 275 195 Investment in BPI (2) 1,609 1,381 649 Securitization of Foreign Payment Orders 10 3 129 Subordinated Debt 40 (41) 32 Other Liabilities 405 347 401 Total Unrealized 2,415 2,465 1,991

14. Banco Itaú Holding Financeira S.A. 13 Segmentation (Pro Forma) Itaú ItaucredItaú BBAItaubanco Banking Cards – Current Account Holders Insurance. Pension Plans and Capitalization Investment Funds and Managed Portfolio Corporation Corporate Operations Vehicles Cards – Non Current Account Holders Taií. FIC (CBD) and FAI (LASA) NB: The organization chart of the Itaucred segment basically reflects the transactions carried out in channels intended for non current account holders. Investment Banking

15. Banco Itaú Holding Financeira S.A. 14 ItaubancoItaú BBAItaucredCorporation Itaú (1) June 30, 2006 Net Income for the Quarter 1,026 298 121 53 1,498 Tier I Allocated Capital 10,136 4,249 2,070 1,100 17,555 RAROC in the Quarter (% p.y.)42.1%27.7%23.7%21.6%35.1% Loan Portfolio (2) 29,303 24,244 21,236 - 74,783 Total Assets 132,384 44,445 20,088 2,976 172,413 March 31, 2006 Net Income for the Quarter 860 390 138 71 1,460 Tier I Allocated Capital 9,371 4,354 2,028 865 16,619 RAROC for the Quarter (% p.y.)40.5%36.0%29.7%20.4%36.3% Loan Portfolio (2) 28,479 24,921 18,646 - 72,046 Total Assets 127,225 44,378 17,653 3,023 164,423 Highlights of the Pro Forma Segments (1) Does not represent the sum of the parts, because there are transactions between the segments that were eliminated only in the consolidated figures. (2) Includes endorsements and sureties. R$ Million

16. Itaubanco 15 R$ Million 2nd Qtr/061st Qtr/06Variation1st Sem/061st Sem/05Variation Itaubanco - Banking 632 49827.1% 1,130 88427.8% Banking Operations 460 38619.2% 847 58046.0% Treasury 76 7956.6% 83 85-1.8% Management of FX Risk from Investments Abroad 96 104-7.8% 201 220-8.7% Credit Cards – Current Account Holders 162 1573.1% 319 24928.0% Insurance, Pension Plans and Capitalization 187 15818.5% 344 27226.4% Investment Funds and Managed Portfolio 45 48-5.7% 94 101-7.7% Net Income 1,026 86019.3% 1,887 1,50725.2% Pro Forma Net Income by Subsegment - Itaubanco

17. Itaubanco 16 2nd Qtr/061st Qtr/06Variation1st Sem/061st Sem/05Variation Managerial Financial Margin 289 2831.8% 572 44329.1% Result of Loan Losses (90) (95)-6.1% (185) (60)210.2% Banking Service Fees 354 356-0.6% 709 7021.0% Non-Interest Expenses (271) (273)-1.0% (544) (647)-16.0% Net Income 162 1573.1% 319 24928.0% Tier I Allocated Capital 838 55251.9% 838 50566.1% Annualized RAROC (%)93.0%103.4%-10.4b.p.93.1%173.3%-80.2b.p. Number of Cards (thousands) 8,369 8,603-2.7% 8,369 7,9225.6% Billing 4,543 4,3105.4% 8,853 7,62216.2% Credit Cards – Current Account Holders - Pro Forma R$ Million (except where indicated)

18. Itaubanco 17 2nd Qtr/061st Qtr/06Variation1st Sem/061st Sem/05Variation Earned Premiums 626 630-0.7% 1,256 1,06418.0% Results from Pension Plans and Capitalization 79 6031.0% 139 11421.6% Retained Claims (312) (360)-13.3% (671) (609)10.3% Selling Expenses (146) (148)-1.4% (294) (216)36.5% Managerial Financial Margin 139 158-12.0% 298 25815.2% Non-Interest Expenses (150) (174)-13.5% (324) (288)12.7% Net Income 187 15818.6% 344 27226.4% Combined Ratio (%)86.4%91.2%-4.8 b.p.88.8%92.7%-3.9 b.p. Claim Level (%)50.4%57.9%-7.5 b.p.52.7%52.8%-0.1 b.p. Tier I Allocated Capital 1,450 1,3795.2% 1,450 1,4311.3% Annualized RAROC (%)52.8%47.2%5.6 b.p.50.1%40.0%10.1 b.p. Insurance, Pension Plans and Capitalization - Pro Forma R$ Million

19. Itaú BBA 18 Itaú BBA Pro Forma 2nd Qtr/061st Qtr/06Variation1st Sem/061st Sem/05Variation Managerial Financial Margin 361 611-40.9% 972 84714.8% Banking Operations 255 281-9.2% 537 45817.1% Treasury 67 285-76.5% 352 29619.2% Management of FX Risk from Investments Abroad 39 44-13.1% 83 93-10.5% Result of Loan Losses 46 13257.8% 59 95-37.9% Banking Service Fees 110 131-15.6% 241 17537.4% Non-Interest Expenses (145) (168)-13.8% (312) (306)2.0% Net Income 298 390-23.7% 688 57719.3% Tier I Allocated Capital 4,249 4,354-2.4% 4,249 3,55419.6% Annualized RAROC (%)27.7%36.0%-830 b.p.31.9%34.7%280 b.p. R$ Million

20. Itaucred 19 R$ Million Itaucred Pro Forma 2nd Qtr/061st Qtr/06Variation1st Sem/061st Sem/05Variation Managerial Financial Margin 922 81912.5% 1,741 97179.3% Result of Loan Losses (473) (371)27.3% (844) (175)380.8% Banking Service Fees 311 27015.0% 581 36658.6% Non-Interest Expenses (509) (484)5.0% (993) (652)52.4% Net Income 121 138-12.1% 260 313-17.1% Vehicles 125 1158.3% 239 17536.9% Credit Cards – Non Current Account Holders 38 58-34.9% 96 147-34.3% Taií (41) (35)16.4% (76) (8)801.7% Tier I Allocated Capital 2,070 2,0282.0% 2,070 1,30958.1% Annualized RAROC (%)23.7%29.7%-600 b.p.26.9%41.6%-1470 b.p. Transactions carried out in channels intended for non current account holder customers.

21. Banco Itaú Holding Financeira S.A. 20 R$ Earnings per Share Net Income R$ million 12.4% 13.4% Net Income and Earnings per Share NB: Earnings per share was adjusted to reflect the 900% stock split carried out in Oct/05.

22. Banco Itaú Holding Financeira S.A. 21 R$ Million Pro Forma Balance Sheet – Jun 30, 06 (*) The Consolidated Stockholders’ Equity considers the integral amortization of the goodwill. (*)

23. Results of the 2nd Quarter/2006 August 02, 2006