Updating of Economic-Financial Information in respect of Brazilian companies receiving foreign investments with the Brazilian Central Bank

The Foreign Capital and Exchange Bureau (DECEC) of the Brazilian Central Bank (BACEN) in accordance with Circular N 2997/2000, requires that all Brazilian companies whose equity interest is held by non-resident quotaholders/shareholders must update their economic-financial information on BACENs electronic system with information pertaining to the financial year of 2007.

The deadline to submit such declaration is April 30th, 2008.

Please do not hesitate to contact us should you require any assistance in updating such information on Bacens electronic system.