Slide 1 Banco Itaú Feito Para Você

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      text styles – União de Bancos Brasileiros, S.A.
            Unibanco
                               and Unibanco Holdings, S.A.
         – Second level
               • Third level
                               Institutional Presentation
                    – Fourth level
                        » Fifth level




  September 1
Investor Relations 2005
                         Overview of Unibanco




Investor Relations  2
Highlights

             Controlled by the Moreira Salles group



                    Publicly traded in Bovespa (Brazil) and NYSE



                         Level I Corporate Governance at Bovespa



                             Level III ADR at NYSE and a member of IBOVESPA



                                  Very liquid stock:
                                  R$18.3 mln / US$7.8 mln ADTV * at Bovespa
                                  US$20.5 mln ADTV * in NYSE



                                      Financial statements in US GAAP since 1997


                                                                    * For the period Jan 1 - September 15; US$1 = R$2.35
Investor Relations  3
Shareholders’ Structure
76.1% of Unibanco's capital are floating shares negotiated in the form of Units + GDS

                                 ON: 89.5%                                           ON: 10.5%
                                 PN: 0.4%                       PN: 99.4%             PN:0.2%
                         Moreira Salles                  Float
                                                      Units + GDS                  Other
                            Group
                             Total: 17.7%                   Total: 38.1%           Total: 2.2%



                                                ON: 97.1%                                  ON: 2.9%
                                               PN: 12.3%               PN: 83.0%           PN: 4.7%

                                                                     Float             Other
                                                                  Units + GDS

                                             Total: 58.2%           Total: 38.1%       Total: 3.7%



 Units + GDS:
   (direct and   indirect)




  76.1% Float

                                                                                           As of September, 2005
Investor Relations  4
Units and GDSs

Liquidity has increased consistently over the last two years leading to the
inclusion of the Unit in the Ibovespa index as of May 2005

 NYSE                                       (GDS)¹              BOVESPA                                                         (Units)¹




        Global Offering:       Market Maker in           IBrX-50 Index                Secondary Offering:               Inclusion in the
    1   September 2003     2   BOVESPA               3   inclusion              4     January 2005               5      Ibovespa




         Additionally, in the Ibovespa’s new portfolio, released on September 1st, the Unit
  significantly increased its weight in the index, from 0.984% to 1.264% (28% increase)
                                                                         Source: Factset
                                                                         (1) Based on 30-day moving average of trading volume
Investor Relations  5
A Snapshot of Unibanco
                                                                              Insurance & Annuity
 Retail and Consumer Credit                                                      – Unibanco AIG
  • Serves individuals and companies                                      • Joint venture with AIG
    with annual revenues lower than
                                                                          • Individuals and corporate: lif e, auto,
    R$150 million
                                                                            assets, disability, pension f unds and
  • Approximately 500,000 SMEs and                                          annuities
    middle mkt business clients                                           • Strong mkt share growth with
  • Leading Consumer Finance f ranchises                                    increasing prof itability:
  • 20.6 mm credit cards issued                                                From 4.9% mkt share in 2000 to
                                                                                7.8% in 1H05
  • Hipercard: over 3.0 million cards
    issued and 84,817 af f iliated stores     • A balanced business mix
                                              • Aggressive expansion in
                                                the retail segment
                                              • Benchmark in consumer
               Wholesale                                                       Wealth Management
                                                finance and wholesale
  • Full coverage of 2,000 corporations         business                  • Of f ers investment products via
    with annual revenues greater than                                       Unibanco Asset Management to
                                                                            individuals and institutional investors
    R$150 million and institutional
                                                                            and covers high net worth individuals
    investors in Brazil and internationally                                 in the private banking segment
  • Investment Banking: M&A, Capital                                      • Total assets under management:
    Markets & Project Finance                                               R$35 billion
                                                                          • #2 rank in Private Banking (Anbid)




                                                                                                       As of June 2005
Investor Relations  6
Organizational Structure
    Prominent Board Members
    Independent Audit Committee
                                                          Board of Directors

                                                            Pedro Malan
                                                             Chairman

                                                          Pedro Moreira Salles
                                                            Vice-Chairman
                                                                                                               Audit
                                      Armínio Fraga       Joaquim F. Castro Neto       João Dionisio         Committee
                                    Gabriel J. Ferreira       Israel Vainboim           Pedro Bodin
                                                             Board Members                               Gabriel Jorge Ferreira
                                                                                                               Chairman
                                                                    CEO                                 Eduardo A. Guimarães
                                                                                                        Guy Almeida Andrade
                                                          Pedro Moreira Salles                                 Members



                         Retail                Wholesale and                      Insurance                Treasury
                                             Wealth Management                   and Pensions
                   Márcio Schettini             Demosthenes                       José Rudge             Daniel Gleizer
                                                  Madureira


                              Legal, Audit,                Planning, Control,                     Corporate
                                and Risk                      Operations                        Communication
                                                                and IR                             and HR
                                  Lucas Melo                 Geraldo Travaglia                  Marcos Caetano


Investor Relations  7
Timeline
Over 80 years of history to become one of the leading full service
banks in Brazil




Investor Relations  8
Bridging the gap


                Unibanco is the bank that grew its assets the most
                                 over the last 15 years.


  Ranking by Assets 1990                     Ranking by Assets June 2005

    1- Banco do Brasil       ²       13.8x   1- Banco do Brasil   ²                                 2.8x
    2- CEF   ²                        8.2x   2- Bradesco                                            2.3x
    3- Bradesco                       2.9x   3- CEF   ²/³                                           1.9x
    4- Itaú                           2.3x
                                             4- Itaú                                                1.7x
    5- Banespa    ²                   2.3x
    6- Bamerindus                     1.6x   5-                                                1.0x
    7-                              1.0x     6- Santander Banespa                                   0.9x
                                             7- ABN Real + Sudameris            ³                   0.8x
    8- Econômico                      0.9x
                                             8- HSBC + Lloyds                                       0.6x
    9- Nossa Caixa       ²            0.9x



                                                             Source: Unibanco Research      (2) State-owned bank
                                                             (1) In terms of total assets   (3) As of March, 2005


Investor Relations  9
Segmentation and Distribution
 A superior strategy and comprehensive distribution system...

Client Focus                             Nationwide Distribution
                                                             16,923 Points of Service

                                                       Branches             Corp. Site Branches


                                              North                 11      North             8         North               69
                                              Northeast             68      Northeast        42         Northeast          385
                                              Mid-West              42      Mid-West         29         Mid-West           133
                                              Southeast             672     Southeast      230          Southeast        1,766
                                              South                 115     South            53         South              250
                                              Brazil                908     Brazil         362          Brazil           2,603




                                                                            Stores                   Points of Sale
                                                           North                   4     North                   316
                                                           Northeast           33        Northeast          1,367
                                                           Mid-West            13        Mid-West                991
                                                           Southeast         181         Southeast          6,608
                                                           South               27        South              2,835
                                                           Brazil            258         Brazil            12,117


                                                                             Consumer Finance
                                                                                Companies
                                                                                           Stores
                                                                          Mid-West           35
                                                                          Southeast         397
                                                                          South             243
                                                                          Brazil            675




                                                                                                                       (As of June 2005)

        …foster cross-selling opportunities across our expanding client base

Investor Relations  10
Universal Bank

Unibanco serves all types of clients and segments



                    Branch     Consumer              Credit
                   Network      Finance              Cards




                                                      Auto
                 Wholesale        SMEs
                                                    Financing



                Insurance &     Asset                Private
                  Pension     Management             Banking




Investor Relations  11
Universal Bank

Greater focus on higher margin and faster growing businesses …


                    Branch           Consumer               Credit
                   Network            Finance               Cards




                                                            Auto
                 Wholesale              SMEs
                                                          Financing



                Insurance &            Asset               Private
                  Pension            Management            Banking


                 … maintaining the leadership in the consumer finance segment.

Investor Relations  12
Consumer Finance

Leading Consumer Finance Platform
   Leading Consumer Finance Platform   Consumer Finance Loan Portfolio           (R$ Million)



                                                              43.3%


     Alliances
                                                                      2,571
                                                  1,794
            Joint-
           Ventures




                 Fully-                              Jun-04             Jun-05
                 Owned


                                       • Fininvest: aggressive growth plan
                                       • Leveraging Alliances and Joint Ventures
                                       • Cross Selling focus: Credit Cards, Banking
                                         Accounts, Capitalization, Insurance and
                                         Extended Warranty




Investor Relations  13
Credit Cards
Total Cards                                        (Million)   Highlights
                                                                            • New alliances in the co-branded
                                                                              segment
                                                        20.6                • 1.5 million credit cards issued in 1H05
20.0                        Total Cards

                                                                            • Acquirer, issuer and processor
                                                                            • Accept by over 80 thousand retailers
15.0                                      17.0

                                                               Loan Portfolio                                (R$ Million)

                                                                                     32.0%
10.0
                          Private Label                  9.4
                                                                                         2,881                  Jun-04
                                                                             2,182
                             Mastercard
 5.0                                                     5.0                                                    Jun-05


                               Visa                      3.3
                                                         2.9
                             Hipercard
                                                               Revenues                                      (R$ Million)

                                                                                             1H04    1H05       Δ%
                                                               MC + Visa + HiperCard         4,651   6,690     44%
       Jun-03   Dec-03       Jun-04       Dec-04      Jun-05   Private Label                 1,221   1,536     26%
                                                               Total                         5,872   8,226     40%


Investor Relations  14
SMEs & Auto Financing

  SMEs                                           (R$ Million)   Auto Financing                                        (R$ Million)

                             37.4%                                                           33.3%



                                                                                                     4,143

                                     6,414                                         3,108
                  4,667




                          Jun-04        Jun-05                                             Jun-04            Jun-05

  •   Approximately 500,000 companies                           •       Fragmented and growing market
  •   Development of account-receivables products               •       9.3% market share (non-corporate), up 36.2% Y-o-Y
  •   Leveraging synergies with the group (Fininvest,           •       Acquisition of remaining shares of Banco Dibens in
      Unicard, Hipercard)                                               June 2005
  •   Wide range of banking services                            •       Action plan:
  •   Fee-based services: cash management, payroll
      accounts, etc.                                                     Strengthen relationship with dealers through
                                                                          Unibanco’s affiliates:
  •   Value-chain approach
  •   Significant contribution to core deposits’ growth

                                                                         Better qualified, trained and compensated sales
                                                                          force
                                                                         Larger base of active dealers with 20% growth in
                                                                          2005
Investor Relations  15
Improved Funding Mix

Main actions:

• Development of alternative sources of funding such as SuperPoupe

• Link individual variable compensation at branch level to Core Deposits

• Focus on cash management services, such as Payroll and Collection


 SuperPoupe                                 (R$ Million)   Funding                                      (R$ Million)


                                                                                2002       2003     2004     Jun-05
                                                 2,350
                                   1,962                                         8,973
                                                            Core deposits                   8,647   10,811    11,532
                          1,625
                                                            Time Deposits       16,937     16,434   22,600    23,212
               1,030
                                                            Total Deposits      25,910     25,081   33,411   34,744

     403
                                                           Evolution of Core Deposits

                                                                     %          Unibanco                      23.6%
    Jun-04     Sep-04     Dec-04   Mar-05       Jun-05
                                                             Jun-04 to Jun-05   National Financial System      9.3%




Investor Relations  16
Cost Reduction

  Main Actions

  Consolidation of back-office & supporting               Joint procurement with other banks;
    units;
                                                           Reduction of labor settlement costs;
  Establishment          of   a   single    corporate
    communication area;                                    June 2005: All-time high historical
  Outsourcing of non-core functions;                        motivation rate.


  Fees / Personnel Expenses                              Efficiency Ratio                                        (%)

                                      170.8%

                153.7%                                     60.0                 59.1               60.9
                                                                    58.0                    57.7
                                                                                                          53.7    52.8




                1H04¹                 1H05                 2000      2001       2002        2003   2004   1Q05   2Q05


                                                              (1) Pro-forma: Excludes Credicard




Investor Relations  17
Loan Portfolio Mix

               Migrating to higher margin segments with credit expansion
                         focused on consumer finance and SMEs

           15.0                 29.1         31.8                        35.2                        R$ billion




           67%                 50%           46%                         44%
                                                                                                      Wholesale



                                                                                                      Retail

           33%                 50%           54%                         56%




        Dec-99¹               Jun-04¹       Dec-04                     Jun-05

                                                 (1) Pro-Forma: excludes Credicard portfolio; includes installment credits.
Investor Relations  18
Client Base

Client base evolution driven by both acquisitions and organic growth

                                                                       19.3
Customers (million)
                                                                        2.3
                                                              18.2
                                                               1.8
                                                                                Joint-Ventures
                                                                                with Consumer
                                                     14.1               5.2
                                                                                    Finance      Consumer
                                            13.1               5.0                 Retailers     Finance

                                                      4.1
                                             4.0

                                                               5.0      5.4
                                    7.7               4.0
                                             3.9
                                    3.0

                           3.7      0.7
                                                                        6.4                      Universal
                                                      6.0      6.4                               Bank
              2.1                            5.2
                                    4.0
   0.8


  Dec-94    Dec-95        Dec-99   Dec-00   Dec-01   Dec-03   Dec-04   Jun-05




Investor Relations  19
Performance Evolution: 1H05

                                                                                  1H05 / 1H04

 Net Income                                  R$854 million                             +47.0%

 Operating Income                            R$1,395 million                           +60.0%


                                                                                         23.0%
                                                                                 21.0%
                                                                         20.1%                   R$ billion

                                                               17.8%
                                   17.5%            17.3%
                 17.1%    16.5%            16.1%
                                                                                         8.7
                                                                                 8.4
      13.8%                                                              8.1
                                                               7.9
                                                   7.7
                                           7.4
                          7.0     7.2
       6.7        6.8



      1Q03       2Q03     3Q03    4Q03     1Q04    2Q04       3Q04      4Q04     1Q05    2Q05
                                                         Stockholders’ Equity     Annualized ROAE (%)

Investor Relations  20
                          Financial Performance




Investor Relations  21
Income Statement

                                                                  1H04
                                                                1H04                       1H05             R$ Million

     Profit from Financial Intermediation                        2,296                         3,018
     (+) Fees from Services Rendered                             1,561                         1,560
     (-) Personnel & Adm. Expenses                              (2,385)                   (2,418)
     (+/-) Other Operating Income/ Expenses                      (600)                         (765)
     (=) Operating Income                                          872                         1,395
     (+/-) Non-Operating Income                                      6                           10
     (+/-) Income Tax and Social Contribution                      (97)                        (294)
               (Effective Income Tax Rate)                        13%                           24%
     (-) Profit Sharing/ Minority Interest                       (200)                         (257)

     Net Income                                                    581                          854


                                                                          1,283
     Net Income                                 1,010   1,052
                                        972
                           739


                                                                                               854
                                                475     491               581
                           351          431

                           2000         2001    2002    2003              2004             1H05
                                                                                  1st   Half         Year
Investor Relations  22
Financial Highlights

 Total Assets                                      (R$ Million)   Total Loans                                                    (R$ Million)



                                                      82,992
                                                                                                                                        35,154
                                            79,350                                                                         31,796
                       75,375
                                 69,632                                                                     27,678
                                                                                             26,557
                                                                               25,358
              55,616                                               21,615
   51,496




    2000       2001       2002    2003       2004      Jun-05       2000        2001          2002            2003           2004       Jun-05


 Core Deposits                                     (R$ Million)   BIS Ratio                                                                (%)




                                          10,811
                                                     11,532                                                18.6                      18.0¹
                                                                      16.5                     15.7                     16.3
                       8,973
                                                                                  13.7                                                16.1
                                 8,647

               7,137
      6,098




      2000      2001      2002   2003     2004       Jun-05           2000        2001         2002         2003         2004        Jun-05


                                                                      (1) Pro-forma: Consolidates the issuance of the perpetual security in July 05
Investor Relations  23
Performance Ratios

ROAE                                            (%)   ROAA                                                (%)


                                              21.4                                                      2.1
   17.5                                                   1.8          1.8
             16.8                      16.8                                                     1.7
                      16.0      15.3                                              1.5    1.5




    2000     2001     2002      2003   2004   1H051       2000        2001        2002   2003   2004   1H051


Net Interest Margin                             (%)   Efficiency Ratio                                    (%)


             11.2
    9.9                                        9.8
                          9.2          9.1                60.0                                  60.9
                                8.7                                   58.0        59.1   57.7
                                                                                                       53.2




    2000     2001     2002      2003   2004   1H051       2000        2001        2002   2003   2004   1H05


                                                          (1) Annualized ratios
Investor Relations  24
Loan Portfolio Mix – by client type
                                                                                                            R$ million
   Corporate                                             6.7%
                                                                                              14.3%

                     37.4%                                                                     3.9%
                                                         2.6%

                          7.2%                                                                          21,795
                                                                                              20,977
                                                                                  19,076
                                 6,414               14,991      15,381
                     5,986
                                         14,409
         4,667




                    SME                       Large Corporate                             Total Corporate

   Individuals                                         31.5%
                                                                                               33.8%


                                                                                                 9.5%
                      37.1%
                                                         10.2%
                                                                                                        13.359
                                                                                              12,199
                                                                                  9,988
                          8.5%                                   7,907
                                                      7,173
                                          6,012
                    5,026        5,452
          3,976




             Consumer Credit             Commercial Bank & Other                     Total Individuals
               Companies                      Companies
                                            Jun-04       Mar-05          Jun-05



Investor Relations  25
Loan Portfolio Breakdown - Individuals Portfolio
                                                                                            R$ million
    Consumer Credit Companies
                                                                                            37.1%


                                                                                               8.5%



             32.0%                 52.8%                           21.5%                            5,452
                                                                                            5,026
                                                                                    3,976

                                     9.8%                          0.6%
                 9.5%




                                           1,910
             2,630 2,881           1,739
     2,182
                           1,250                                   657    661
                                                             544




       Credit Cards            Fininvest                    JVs with Retailers                Total
 (Unicard and HiperCard)                                (PontoCred and LuizaCred)




                                    Jun-04         Mar-05   Jun-05

Investor Relations  26
Loan Portfolio Breakdown - Individuals Portfolio
                                                                                                                   R$ million
      Commercial Bank & Other Companies
                                                                                                          31.5%



                                                                                                             10.2%
                   36.1%                26.0%                          27.1%
                                                                                                                7,907
                                                                                                        7,173
                                           6.3%                           39.5%
                      7.7%                                                                      6,012




                                                2,590
                  4,058 4,370
                                        2,436
          3,211                 2,056



                                                                                947
                                                                 745
                                                                       679



           Branch Network        Auto Financing                  Other Companies (*)                       Total



                                            Jun-04      Mar-05         Jun-05




                                                                                      (*) Mainly Insurance/Garantech
Investor Relations  27
Credit Ratios

Allowance for Loan losses / Total Credit Risk        (%)   Non-Accrual Loans / Total Credit Risk              (%)



       6.7                                                    5.3         5.0                4.8
                6.0        5.9                                                        4.2
                                   5.5     5.2                                                      4.0
                                                   4.9                                                      3.9




       2000    2001        2002    2003    2004   Jun-05     2000¹       2001        2002    2003   2004   Jun-05


Allowance for Loan Losses / Non-Accrual              (%)   Net Charge Offs / Avg. Total Credit Risk           (%)


                          141                                                         5.3
                                          131      126                   5.0
       126    120                 115                         4.4
                                                                                             4.0    3.8
100%



                                                                                                            1.8
                                                                                                    2.2


     2000¹    2001        2002    2003    2004    Jun-05     2000       2001         2002    2003   2004   1H05


                                                               (1) Non-Accrual: March 2001
Investor Relations  28
Financial Margin

Financial margin has consistently increased over the last quarters



                  21.0%                       22.1%                           17.2%                    22.1%



                                                                           9.5%                      10.2%
                9.2%
                                             8.2%




                       7.2%                         6.4%                          7.9%                      7.9%




                   1Q04                        2Q04                            1Q05                     2Q05

                          Financial Margin          Financial Margin after Provisions    Provisions for loan losses/
                                                                                         Financial Margin




Investor Relations  29
Fees From Services Rendered
Excluding Credicard in 1H04 for comparison purposes

                                                                  R$ million




                                                1H05    1H04    D%Y-o-Y
  Banking fees and other fees and commissions   884     809       9%
  Credit cards (excluding Credicard in 1H04)    476     379      26%
  Asset management fees                         200     187       7%
  Total                                         1,560   1,375    14%




Investor Relations  30
Insurance and Private Pension Plans
                                                                           R$ million
                                  2Q05      1Q05        1H05     1H04

      Net Premium Written +
      Pension Plan Revenues        1,033    1,178       2,211     2,189
      Net Income                      84        76       160         148
      Combined Ratio              100.0%     98.6%      99.2%     99.3%
      Extended Combined Ratio      86.4%     85.1%      85.7%     87.2%

  Technical Reserves              29.4%
                                                        6,272
                                    5,941
                                    1,217               1,424
                          4,847

                          1,077



                                    4,724               4,848
                          3,770




                          2Q04       1Q05               2Q05

                                            Insurance    Private Pension
Investor Relations  31
In sum … we are confident !


                               Successful
                                Business
                                Strategy



                                 Strong
                               Management
                                  Team


                     Solid                   Scale and
                  Financial                 Sustainable
                 Performance                  Growth


Investor Relations  32
                                 Annex I:
                               New Brand &
                          New Marketing Campaign




Investor Relations  33
Renewed Brand - 2005

                          Old   New

      Brand




   Branches




  Marketing
  Campaign




Investor Relations  34
                          Annex II:
                          Dividends




Investor Relations  35
Dividend History

             35%          38%    37%    38%    35%     35%     36%     37%          Pay Out Ratio %


                                                                                                 R$ million
                                                                        448


                                                                362
                                                        340
                                                323

                                         264

                                 210
                          164
               143
                                                                                         283
                                                                        204
                                                152     160     166
                                         131
                           82    102
                54

              1997        1998   1999   2000    2001    2002    2003    2004         2005
                                                                              1st Half         Year

                   • Unibanco has paid semi-annual dividends for more than 3 decades
                   • In 2005, it started to pay quarterly dividends

Investor Relations  36
                          Annex III:
                           Ratings




Investor Relations  37
Unibanco Ratings

                                                   Moody’s
               Global Scale: Foreign Currency                          Global Scale: Local Currency
               Long Term Long Term    Short Term    Financial                   Long Term      Short Term
                 Debt     Deposits     Deposits     Strength                     Deposits       Deposits
    Brazil        B1        B2            NP           -            Brazil           -            -
    Unibanco      Ba2       B2            NP          D+            Unibanco        A3           P-2

                                         Standard and Poor’s
                  Foreign Currency                                           Local Currency
                          Long Term      Short                                     Long Term       Short
                                         Term                                                      Term
    Brazil                  BB-            B               Brazil                                   B
                                                                                      BB
    Unibanco                BB-            B               Unibanco                   BB            B

                                               Fitch Ratings
                  Foreign Currency                                           Local Currency
                           Long          Short                                       Long         Short
                           Term          Term                                        Term         Term
    Brazil                  BB-            B               Brazil                    BB-             -
    Unibanco                BB-            B               Unibanco                   BB            B


Investor Relations  38
                           Annex IV:
                          Recent Events




Investor Relations  39
Perpetual Securities

  Perpetual Securities – US$500 million



             Issuing of Perpetual Securities in July, 2005: US$500 million

             Coupon: 8.70% p.a.

             Rating: Ba2 by Moody's Investors Service, Inc.

             Investors: approximately 875 investors, specially from Asia and private banks.

             Roadshow: Singapore, Hong Kong, Geneva and London.



             100% of the investors visited during the road show were part of the book


                  The issuance of perpetual securities, if consolidated in June, 2005,
                   would have made the BIS ratio to increase to approximately 18%.


Investor Relations  40
Global Offering

Offering Structure:       SEC and CVM-registered     Secondary   Offering   occurred   in
                          September, 2005

Selling Shareholder:      Caixa Brasil SGPS, S.A., a subsidiary of Caixa Geral de
                          Depósitos S.A. (altogether “CGD”)

Securities offered:       86,149,216 Unibanco Units (UBBR11) in the form of Units and
                          GDSs (UBB), considering the exercise in full of the Green-Shoe
                          Option. Each Unit consists of one Unibanco preferred share
                          and one Unibanco Holdings preferred share and each GDS
                          consists of 5 Units


Offering Size:            R$ 1,765 million


Pricing:                  Unit: R$ 20.49
                          ADR: US$ 44.00


Allocation                26% Units
                          74% GDS



Investor Relations  41
                                                                   For further information contact our
                                                                         Investor Relations Area at
                                                                           phone: 5511-3097-1980
                                                                             fax: 5511-3813-6182
                                                                 email: investor.relations@unibanco.com
                                                                         site: www.ir.unibanco.com




This presentation contains forward-looking statements regarding Unibanco. its subsidiaries and affiliates - anticipated synergies. growth plans.
projected results and future strategies. Although these forward-looking statements reflect management’s good faith beliefs. they involve known and
unknown risks and uncertainties that may cause the Company’s actual results or outcomes to be materially different from those anticipated and
discussed herein. These risks and uncertainties include. but are not limited to. our ability to realize the amount of the projected synergies and the
timetable projected. as well as economic. competitive. governmental and technological factors affecting Unibanco’s operations. markets. products and
prices. and other factors detailed in Unibanco’s filings with the Securities and Exchange Commission which readers are urged to read carefully in
assessing the forward-looking statements contained herein. Unibanco undertakes no duty to update any of the projections contained herein.




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