Unibanco and Unibanco Holdings, S.A.

1. Unibanco and Unibanco Holdings, S.A. Consolidated Earnings 1st Quarter 2007 May 10th, 2007 Investor Relations

2. Performance R$ Millions 1Q07 D1Q07/1Q06 + 11.7% Net Income 581 + 11.7% Operating Income 938 25.1% 24.0% 10.3 21.0% 9.5 16.1% 8.4 7.4 1Q04 1Q05 1Q06 1Q07 Annualized ROAE (%) Stockholders’ Equity (R$ Bln)

3. Highlights • 5.4% Retail portfolio growth in 1Q07: - Payroll loans: 20.9% (64.5% YoY) - Car loans: 9.0% (34.0% YoY) - SMEs: 5.8% (20.3% YoY) Loan Portfolio • 18.4%reduction in provision for loan losses, 1Q07 vs 1Q06 (down 1.7% QoQ) • Better ratio of D-H portfolio over total loans (6.2%vis-à-vis 8.0% in March 2006) • Higher E-H portfolio coverage ratio, 116%, compared to 113% in March 2006 Asset Quality Improvement Destaques • Personnel and Administrative expenses: - 7.8% reduction compared to 4Q06 - 4.2% up in 12 months - 1.8% up in 12 months for companies under Unibanco’s direct management Operational Efficiency • Unibanco ADTV(1) (Bovespa + NYSE): R$220 million in 1Q07 versus R$179 million in 1Q06, a 23% increase • Market Capitalization(2): R$30.2 billion Stocks (1) Average Daily Trading Volume (2) As of May 9th, 2007

4. Performance– 1Q07 versus 1Q06 1Q06 = 100 133 118 100 100 100 82 Loan Portfolio Core Deposits Provision for Loan Losses 112 112 104 100 100 100 Administrative Expenses Operating Income Net Income 1Q06 1Q07

5. Performance– 1Q07 versus 4Q06 1Q06 = 100 104 105 100 100 100 98 Loan Portfolio Core Deposits Provision for Loan Losses 101 102 100 100 100 92 Administrative Expenses Operating Income Net Income 4Q06 1Q07

6. Income Statement Summary R$ Millions 1Q07 4Q06 1Q06 Gross Profit from Financial Intermediation 2,408 2,490 2,358 Provisions for Loan Losses (524) (533) (642) Net Profit from Financial Intermediation 1,884 1,957 1,716 886 869 839 Fees from Services Rendered Personnel and Administrative Expenses (1,384) (1,501) (1,328) Operating Income 938 917 840 Net Income 581 576 520

7. Financial Indicators R$ Millions Loan Portfolio Total Assets 47,001 115,191 45,361 43,323 103,709 41,929 101,999 39,684 98,217 93,689 Mar-06 Jun-06 Sep-06 Dec-06 Mar-07 Mar-06 Jun-06 Sep-06 Dec-06 Mar-07 Net Profit from Financial Intermediation Earnings per Share (R$) 1,957 1,902 0.21 0.21 1,884 1,724 0.20 0.20 0.19 1,716 1Q06 2Q06 3Q06 4Q06 1Q07 1Q06 2Q06 3Q06 4Q06 1Q07

8. Loan Portfolio Growth 18.4% R$ Millions 3.6% 47,001 45,361 27,330 39,684 Retail 25,940 5.4% 23,281 1.3% 19,671 Wholesale 19,421 16,403 Mar-06 Dec-06 Mar-07 D 12 months D2006 D Quarter Brazilian Financial System 3.3% 21.0% 20.7% 3.6% 18.4% 13.8%

9. Loan Portfolio Growth R$ Millions Mar-07 Dec-06 Mar-06 D Quarter % D 12 months % Portfolio highlights 2,461 2,036 1,496 20.9 64.5 Payroll Loans 9.0 34.0 Car Loans 5,009 4,594 3,739 SMEs 9,011 8,515 7,488 5.8 20.3 Mortgages 1,545 1,476 1,396 4.7 10.7 Large Corporate 19,671 19,421 16,403 1.3 19.9 Credit Cards 4,947 5,070 3,987 -2.4 24.1 Consumer Finance Companies 2,715 2,808 2,900 -3.3 -6.4 Individuals 5.1 16.0 18,319 17,425 15,793 Corporate 28,682 27,936 23,891 2.7 20.1 Total Portfolio 47,001 45,361 39,684 3.6 18.4

10. Payroll Loans R$ Millions 64.5% 20.9% 2,461 2,036 1,246 6.2% 1,496 1,173 1,021 40.8% 1,215 863 475 Mar-06 Dec-06 Mar-07 Own portfolio Acquired portfolio

11. Auto Financing Cars + Trucks & Buses Loans +34.0% R$ Millions 5,009 3,739 Mar-06 Mar-07 Focus: New Cars (Financed Units) Focus: New Trucks & Buses (Financed Units) 1Q06 = 100 1Q06 = 100 1Q07 1Q07 193 170 123 116 Market Market

12. Credit Cards Loan Portfolio (Unicard + Hipercard) Billings (Unicard + Hipercard) +24.1% +31.2% R$ Millions R$ Millions 5,474 4,947 3,987 4,172 1Q06 1Q07 Mar-06 Mar-07 Number of cards (In millions) 30 30.0 25.0 22 Total Cards 20.0 15.0 Private Label cards 10.0 8 5.0 Credit Cards Jun-04 Dec-04 Jun-05 Dec-05 Jun-06 Dec-06 Mar-07

13. Financial Margin 16.5% Provision for Loan Losses / Financial Margin Selic Rate -730 b.p. 12.75% 10.9% 29.1% 9.3% 27.9% 27.2% 7.9% 7.2% 23.3% 21.8% 21.4% 1Q06 1Q07 4Q05 1Q06 2Q06 3Q06 4Q06 1Q07 Financial Margin After Provision Financial Margin

14. Asset Quality Coverage D-H Portfolio D-H Portfolio / Loan Portfolio 92% 92% 69% Mar-06 Dec-06 Mar-07 Coverage E-H Portfolio 8.0% 6.4% 6.2% 116% 115% 113% Mar-06 Dec-06 Mar-07 Mar-06 Dec-06 Mar-07

15. Deposits and Assets under Management R$ Millions Mar-07 Dec-06 Mar-06 Demand Deposits 4,014 3,963 3,959 Savings Deposits 7,510 6,757 5,248 Core Deposits CDs 5,478 5,452 3,604 Core Deposits 16,172 17,002 12,811 29,430 28,725 Time Deposits + Debentures 29,631 Total Deposits + Debentures (A) 45,803 46,432 41,536 Assets Under Management (B) 45,606 43,780 39,924 92,038 81,460 Total Deposits + Debentures + AUM (A+B) 89,583 Core Deposits / Total Deposits 49% 45% 35%

16. Personnel and Administrative Expenses R$ Millions Total Expenses 4.2% -7.8% 1,501 1,384 1,328 -3.0 558 541 535 -10.6% 943 793 843 1Q06 4Q06 1Q07 Personnel Administrative

17. Fee Income R$ Millions 1Q07 4Q06 1Q06 Banking fees and commissions 520 510 460 Credit Cards – own cards(1) 121 135 102 Assets under management 76 82 97 Other fees 90 97 92 807 824 751 Subtotal Redecard 62 62 88 869 886 839 Total (1) Hipercard + Unicard

18. Efficiency Ratio 2,797 2,212 1,921 1,328 1,187 1,143 59.5% R$ Millions 53.7% 51.1% 48.8% 47.5% 2,940 2,835 1,501 1,384 1Q04 1Q05 1Q06 4Q06 1Q07 Efficiency Ratio Expenses Revenues

19. Insurance and Pension Plans R$ Millions 1Q07 4Q06 1Q06 Income Statement Summary Net premiums written 1,142 903 849 Premiums earned 625 551 474 Industrial result 106 111 79 Personnel and administrative expenses (67) (63) (58) 35 30 Operating income 31 53 82 Financial & equity result 85 Net Income 79 69 92 Technical Reserves 8,298 8,730 7,304 47.3% 55.6% Loss Ratio 44.6% 94.4% 93.7% Combined Ratio 94.4%

20. Ratings Moody's upgrades Unibanco's Rating • On April 27th, 2007, Moody’s Investors Service upgraded Unibanco’s Financial Strength rating to B- (B minus) from C-, representing a 3-notch upgrade • This upgrade places Unibanco among the top Brazilian banks in Financial Strength

21. 2007 – Our 10th anniversary on NYSE

22. Unibanco and Unibanco Holdings, S.A. Investor Relationsphone: 5511-3584-1980 fax: 5511-3584-1585email: 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, Junkets, 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 in duty to update any of the projections contained herein.