The acquisition shall obey the following limits and conditions, pursuant to CVM Instruction 10/80:
I – The Company’s objective: to maximize the creation of shareholder value through efficient capital structure management.
II – Number of shares to be acquired: up to 10,800,000 shares.
III – Maximum term for the completion of the authorized operations: from August 4, 2008, inclusive, to August 27, 2008.
IV – Number of shares outstanding: 455,343,843
V – Acquisition location: Stock Exchange
VI – Maximum share price: the share acquisition price cannot exceed its stock market price.
VII – Brokers: Itaú Corretora de Valores S.A., located at Av. Engenheiro Armando de Arruda Pereira, 707 -15º andar- in the city of São Paulo, UBS Pactual Corretora de Mercadorias Ltda., located at Av. Brigadeiro Faria Lima, 3729 – 10º andar – in the city of São Paulo, Credit Suisse First Boston CTVM S.A., located at Av. Brigadeiro Faria Lima 3064 – 13º andar- in the city of São Paulo, and Itaú USA Securities Inc., located at 540 Madison Avenue – 23rd Floor- in New York city.
Rio de Janeiro, Brazil, August 4th, 2008.