1. Investor Relations 1 BANCO DO BRASIL 1Q05 Results

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

3. Investor Relations 3 R$ million Highlights (1) Annualized

4. 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

5. Investor Relations 5 Net Income Changes - R$ million Result Building Up 771 259 131 102 91 64 48 24 5 -37 -194 -295 965 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

6. 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 4Q04 - 1.74006 1Q05 - 1.69384 1Q05 - 241,493 4Q04 - 234,802 Volume - R$ million Spread - % 210 493 3,829 1Q05 - 1.69384 1Q04 - 1.67261 1Q05 - 241,493 4Q04 - 228,946 Volume - R$ million Spread - % Spread Reduction Analysis of Volume and Spread

7. Investor Relations 7 NIM ¹ (Annualized) - % Spread by Credit Portfolio - % 6.2 5.4 5.8 7.0 5.8 9.5 9.1 8.7 8.3 8.0 44.5 43.0 40.4 38.1 35.9 AgribusinessCommercialRetail 8.59.28.88.78.4 1Q042Q043Q044Q041Q05 1Q042Q043Q044Q041Q05 Spread Reduction (1) Net Interest Margin - Related to Earning Assets

8. Investor Relations 8 1Q04 - %4Q04 - %1Q05 - % 17.7 12.3 24.9 32.5 12.6 18.2 13.7 24.0 33.9 10.2 18.3 13.5 25.1 33.0 10.1 IndividualsSMEsBusinessesAgribusinessAbroad Growth of Credit Portfolio R$ million

9. Investor Relations 9 ¹ (1) Source: Brazilian Central Bank Credit Risk - % 87.0 94.8 95.6 97.3 97.7 13.05.2 4.42.7 2.3 RetailCommercialAgribusinessForeign TradeAbroad AA-CD-H

10. Investor Relations 10 Delinquency 1Q042Q043Q044Q041Q05 Allowance / Credit Portfolio - % Past Due Loans / Credit Portfolio - % Past Due Loans + 60 days / Credit Portfolio - % 5.9 6.1 6.4 6.1 5.25.1 5.6 4.9 5.1 3.2 3.3 3.1 2.2 1.7 2.1 2.2 4.6 4.4 4.3 1Q042Q043Q044Q041Q05 Losses / Credit Portfolio ¹ - %Expenses / Portfolio - % (1) Annualized

11. Investor Relations 11 R$ million Customers Base - millionAsset Management - R$ billion 19.3 20.1 20.7 21.1 21.2 1Q042Q043Q044Q041Q05 116.0 116.9 122.5 124.0 138.2 1Q042Q043Q044Q041Q05 20.2 19.920.0 19.7 20.8 300296 286 282 (1) Net Interest Income (2) 12 Months Growth of Service Revenues CustomersServ. Revenues + NII¹/ Average² Customers - R$Asset ManagementMarket Share - %

12. Investor Relations 12 R$ million Reduction of Administrative Expenses

13. Investor Relations 13 Assets per Workforce - R$ thousand Workforce per Branch ¹Customers per Workforce 2,503 2,455 2,531 2,5702,597 1Q042Q043Q044Q041Q05 17.517.4 17.317.6 1Q042Q043Q044Q041Q05 209 217 221 227 224 1Q042Q043Q044Q041Q05 Productivity Ratios (1) Branch + Advanced Service Post + Banking Service Post

14. Investor Relations 14 Customers per Point of Service Serv. Rev. per Point of Service - R$ thousand Credit Portfolio per Point of Service - R$ million 5.9 6.0 5.9 6.1 6.4 1Q042Q043Q044Q041Q05 1,423 1,4421,4481,4591,457 1Q042Q043Q044Q041Q05 115 118 121 118 121 1Q042Q043Q044Q041Q05 Productivity Ratios

15. Investor Relations 15 Coverage Ratio ¹ - % YTD 98.6 98.398.4 96.8 97.9 1Q042Q043Q044Q041Q05 Efficiency Ratio ² - % YTDEfficiency Ratio Change R$ million (1) Service Revenues / Personnel Expenses (2) Administrative Expenses / Operating Income 54.2 56.656.4 58.2 56.1 1Q042Q043Q044Q041Q05 Productivity Ratios

16. Investor Relations 16 Increase in Income Tax and Social Contribution 29.8 4.5 40.8 20.8 35.0 1,242 1,043 1,336 899 1,378 370 47 545 187 483 1Q042Q043Q044Q041Q05 Tax Rate - % Pretax Income - R$ millionTaxes - R$ million

17. 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 - 810 thousand daily calls on average. ACC/ACE - more than US$ 3 billion contracted in 1Q05;

18. Investor Relations 18 Investor Relations Division SBS - Quadra 1 - Bloco C - Ed. Sede III - 17° floor 70073-901 - Brasília (DF) Phone: 55 (61) 310.5920 Fax: 55 (61) 310.3735 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