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Unibanco and Unibanco Holdings, S.A.

Unibanco and Unibanco Holdings, S.A. Consolidated Earnings 3 rd Quarter 2007 November 9 th. Investor Relations. Performance. R$ Million. 3Q07. 9M07. Net income. 1,199. 2,621. Result from non recurring events. 532. 736. Recurring net income. 667. 1,885. 50.2%. 33.7%. ROAE.

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Unibanco and Unibanco Holdings, S.A.

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  1. Unibanco and Unibanco Holdings, S.A. Consolidated Earnings 3rd Quarter 2007 November 9th Investor Relations

  2. Performance R$ Million 3Q07 9M07 Net income 1,199 2,621 Result from non recurring events 532 736 Recurring net income 667 1,885 50.2% 33.7% ROAE 26.5% 24.5% ROAE before non recurring events

  3. Income Statement Summary R$ Million 2Q07 3Q06 3Q07 9M07 9M06 Gross Profit from Financial Intermediation 2,660 2,621 2,481 7,689 7,231 Provisions for Loan Losses (560) (545) (579) (1,629) (1,889) Net Profit from Financial Intermediation 6,060 2,100 2,076 1,902 5,342 Fees from Services Rendered 925 910 885 2,704 2,600 Personnel and Administrative Expenses (1,414) (1,417) (1,434) (4,215) (4,109) Other Operating Income (Expenses) (587) (524) (442) (1,543) (1,207) Operating Income before non recurring events 1,024 1,045 911 3,006 2,626 Tax Rate 22% 24% 21% 24% 21% Net Income before non recurring events 667 638 566 1,885 1,634 Results from non recurring events (460) (460) 532 203 736 Net Income 1,199 841 106 2,621 1,174

  4. Non Recurring Events R$ Million Non Recurring Events(1) 2Q07 3Q07 9M07 Result from the sale of Serasa's stake 285 - 285 Change in participation on our subsidiary UPS 679 - 679 Gain on Redecard’s IPO 680 - 680 Labor, civil, and fiscal provisions (572) (128) (699) Provision for loan losses (47) - (47) (20) (142) Other provisions (162) Result from non recurring events 203 532 736 (1) Net of taxes

  5. Performance R$ Million Performance 3Q07 9M07 D 3Q07/3Q06 D 9M07/9M06 667 1,885 17.8% 15.4% Net Income(1) 1,024 3,006 12.4% 14.5% Operating Income(1) 26.5(1)% 24.8% 24.5(1)% 23.3% 23.1% 11.6 11.6 21.3% 9.6 9.6 9.0 9.0 3Q05 3Q06 3Q07 9M05 9M06 9M07 Annualized ROAE Stockholders’ Equity (R$ Bln) (1) Before non recurring events

  6. Highlights • Total loan portfolio growth: 8.2% QoQ (6.8% in the Brazilian Financial System) 29.0% YoY (24.8% in the Brazilian Financial System) • Payroll loans: 31.2% QoQ (152.4% YoY) • Auto Loans: 24.6% QoQ (70.6% YoY) • SMEs: 12.1% QoQ (37.1% YoY) Loan Portfolio • 13.8% reduction in provision for loans losses expenses, 9M07 vs 9M06 • Better ratio of D to H portfolio over total loans (4.9%vs 6.7% in September 2006) • Better ratio of non-accrual portfolio over total loans (4.1%vs 5.4% in September 2006) • 118% non-accrual loan portfolio coverage (past due and falling due credits) Asset Quality Improvement Destaques • 1.4% reduction in Personnel and Administrative Expenses in 3Q07 compared to 3Q06 • Personnel and Administrative Expenses for companies under Unibanco’s direct management: • 1.0% variation compared to 3Q06 • 1.6% variation from 9M06 • Better ratio of Cost to Assets (4.4% in 3Q07 versus 5.9% in 3Q06) Operational Efficiency • Unibanco ADTV(1) (Bovespa + NYSE): R$466 million in 3Q07 versus R$150million in 3Q06, a 211% increase • Market Capitalization(2): R$37.7 billion Stocks (1) Average Daily Trading Volume (2) As of November 6th, 2007

  7. Performance– 9M07 versus 9M06 9M06 = 100 129 122 100 100 100 86 Loan Portfolio Core Deposits Provision for Loan Losses 115 114 102 100 100 100 Personnel and Adm. Expenses Operating Income(1) Net Income(1) 9M06 9M07 (1) Before non recurring events

  8. Financial Indicators Loan Portfolio (R$ Billion) 56 Total Assets (R$ Billion) 134 130 52 47 115 45 104 43 102 Sep-06 Dec-06 Mar-07 Jun-07 Sep-07 Sep-06 Dec-06 Mar-07 Jun-07 Sep-07 Net Profit from Financial Intermediation (R$ Million) Earnings per Share (R$) 0.24(1) 2,100 0.23(1) 2,076 1,957 0.21 0.21 1,902 1,884 0.20 3Q06 4Q06 1Q07 2Q07 3Q07 3Q06 4Q06 1Q07 2Q07 3Q07 (1) Before non recurring events

  9. Treasury Gains R$ Million 2Q07 3Q07 9M07 3Q06 9M06 Financial margin from treasury (A) 154 172 136 452 316 Gross profit from financial intermediation (B) 2,660 2,621 2,481 7,689 7,231 Net profit from financial intermediation (C) 2,100 2,076 1,902 6,060 5,342 Treasury Gains / Gross profit from financial intermediation 5.8% 6.6% 5.5% 5.9% 4.4% (A/B) Treasury Gains / Net profit from financial intermediation (A/C) 7.3% 8.3% 7.2% 7.5% 5.9%

  10. Loan Portfolio Growth 29.0% R$ Million 8.2% 55,902 51,644 61% 43,323 Retail 59% 56% Wholesale 39% 41% 44% Sep-06 Jun-07 Sep-07 D Quarter D9M07 D 12 months Brazilian Financial System 6.8% 16.6% 24.8% 8.2% 23.2% 29.0%

  11. Credit: UBB x Brazilian Financial System Sep-06 = 100 Credit Evolution 129 119 125 117 107 100 105 Sep-06 Dec-06 Jun-07 Sep-07 Brazilian Financial System

  12. Loan Portfolio Growth R$ Million D % Quarter D % 12 months Portfolio highlights Sep-07 Jun-07 Sep-06 Payroll 4,834 3,685 31.2 152.4 1,915 Own portfolio 1,536 1,400 9.7 36.2 1,128 Acquired portfolio 3,298 2,285 44.3 319.1 787 Car Loans 7,175 5,759 24.6 70.6 4,205 SMEs 10,909 9,729 12.1 37.1 7,955 Consumer Finance Companies 3,030 2,762 9.7 14.4 2,649 Credit Cards 5,680 5,412 5.0 31.2 4,330 Large Corporate 21,591 21,032 2.7 13.7 18,985 Mortgages 1,630 1,586 2.8 11.6 1,460 Other branch network loans 5,586 5,499 1.6 23.9 4,507 Individuals 12.1 23,402 20,883 16,383 42.8 Corporate 32,500 30,761 5.7 26,940 20.6 Total Portfolio 55,902 51,644 8.2 29.0 43,323

  13. Auto Financing Cars + Trucks & Buses Loans +70.6% R$ Million 7,175 4,205 New vehicles 69% 53% Used vehicles 31% 47% Sep-06 Sep-07 Focus: New Cars (Financed Units) Focus: New Trucks & Buses (Financed Units) 3Q06 = 100 3Q06 = 100 3Q07 3Q07 352 149 143 139 Market Market

  14. Credit Cards Loan Portfolio (Unicard + Hipercard) Billings (Unicard + Hipercard) +31.2% +37.6% R$ Million R$ Million 6,380 5,680 4,330 4,635 3Q06 3Q07 Sep-06 Sep-07 Number of cards (In Million) Sep-04 Sep-05 Sep-06 Sep-07 Credit Cards (A+B) 8.1 13.4 19.4 24.3 Visa + Mastercard (A) 5.5 9.6 13.9 16.4 Hipercard (B) 2.6 3.8 5.5 7.9 Private Label Cards 9.1 9.8 9.7 8.7 Total Cards 17.2 23.2 29.1 33.0

  15. Financial Margin 14.25% Provision for Loan Losses / Financial Margin Selic Rate -800 b.p. 11.25% 29.1% 10.6% 27.9% 9.0% 27.2% 8.5% 8.1% 23.3% 7.1% 6.7% 21.8% 21.1% 20.8% 2Q07 3Q06 3Q07 4Q05 1Q06 2Q06 3Q06 1Q07 2Q07 3Q07 Financial Margin After Provision Financial Margin

  16. Asset Quality Coverage D to H Portfolio D to H Portfolio / Loan Portfolio 6.7% 100% 99% 87% 5.2% 4.9% Sep-06 Jun-07 Sep-07 Sep-06 Jun-07 Sep-07 Coverage Non-Accrual Portfolio Non-Accrual Portfolio / Loan Portfolio 118% 5.4% 115% 4.5% 109% 4.1% Sep-06 Jun-07 Sep-07 Sep-06 Jun-07 Sep-07

  17. Funding and AUM R$ Million Sep-07 Jun-07 Sep-06 4,470 Demand Deposits 4,160 4,626 Savings Deposits 8,832 8,045 5,558 Core Deposits CDs 4,982 5,149 4,648 Core Deposits 17,820 14,676 17,974 29,130 29,757 Time Deposits + Debentures 28,984 43,806 Total Deposits + Debentures 46,804 47,731 Other Funding 41,528 39,319 26,305 Total Funding (A) 89,259 86,123 70,111 Assets Under Management (B) 48,665 47,527 42,475 137,924 Total Funding + AUM (A+B) 133,650 112,586

  18. Personnel and Administrative Expenses Companies under Unibanco´s direct management R$ Million 1.0% 1.6% 2.7% 3,979 1,358 3,916 1,345 1,322 1,630 1,567 567 541 522 2,349 2,349 2,349 791 823 781 9M06 3Q06 2Q07 3Q07 9M07 Personnel Expenses Administrative Expenses

  19. Fees from Services Rendered R$ Million 9M07 9M06 3Q07 2Q07 3Q06 Banking fees and commissions 556 492 493 1,530 1,384 Credit Cards(1) 144 141 114 406 323 Assets under management 88 89 90 257 277 Other fees 93 94 97 277 286 Subtotal 881 816 794 2,470 2,270 Redecard(2) 44 57 56 163 234 Serasa(3) - 37 35 71 96 Total fees from services rendered 925 910 885 2,704 2,600 (1) Hipercard + Unicard (2) In 3Q07, Unibanco changed its participation in Redecard from 31.9% to 23.2% (3) In 3Q07, Serasa’s result was accounted by the equity income method

  20. Efficiency 61.2% R$ Million 51.4% 49.2% 6.5% 47.3% 6.3% 5.9% 4.4% 2,988 2,913 2,575 2,136 1,434 1,414 1,323 1,308 3Q04 3Q05 3Q06 3Q07 Cost to Assets Efficiency Ratio Expenses Revenues

  21. Insurance and Pension Plans R$ Million 3Q07 2Q07 3Q06 Income Statement Summary 9M07 9M06 883 1,084 843 3,109 2,621 Net premiums written 697 650 526 1,971 1,487 Premiums earned 116 118 109 340 295 Industrial result (68) (70) (77) (201) (198) Personnel and administrative expenses 30 23 35 101 82 Operating income 64 82 75 192 250 Financial & equity result 88 66 74 223 263 Net Income 9,218 9,543 7,856 9,543 7,856 Technical Reserves 44.5% 48.3% 45.0% 45.5% 50.3% Loss Ratio 95.6% 95.6% 94.6% 94.9% 94.5% Combined Ratio

  22. Stocks Units(UBBR11) and GDSs (UBB) UBB 178 UBBR11 157 100 Sep-06 Dec-06 Mar-07 Jun-07 Sep-07 Index Weighting(%) UBBR11 Sep to Dec 07 Sep to Dec 06 May to Aug 05(2) Unibanco’s Market Cap(*) Ibovespa 2.278 1.881 0.984 R$37.7 billion IBrX-50 3.482 3.550 2.955 ISE Sustainability Index(1) 5.884 5.884 N/A (1) Valid from December 2006 to November 2007. (2) Inclusion in Ibovespa. (*) As of November 6th, 2007

  23. Units and GDSs R$ Million Average Daily Trading Volume (Bovespa and NYSE) 37% 466 22% 104 339 Units (UBBR11) 42% 85 362 GDSs (UBB) 215 254 43 175 31 172 84 144 19 28 16 13 3 13 65 1 1 1 25 15 12 12 1997 1999 2001 2003 2005 2006 1Q07 2Q07 3Q07

  24. Ratings Moody's Investors Service upgraded, on August 23th, 2007, the long-term foreign-currency subordinate perpetual bond ratings of Unibanco Grand Cayman to Investment Grade

  25. Sustainability Human Resources Unibanco is one of the best companies to work for in Brazil, according to “Exame” and “Você S/A” magazines Carbon Credits Unibanco signed with Japan Bank for International Cooperation (JBIC) the first financing agreement between Brazil and Japan for CDM (Clean Development Mechanism) projects, which are focused on the carbon credit market In September 2007, Bandeirantes Thermoelectric Plant concluded the world’s first auction of carbon credits. The power plant is the largest of its kind in the world, and arose out of an Unibanco Project Finance operation

  26. Subsequent Event Bovespa’s IPO Number of shares sold by Unibanco 23,314,228 Price per share R$23.00 Total value of the sale R$536 million

  27. Save the Date Unibanco APIMEC Meetings 2007 São PauloBuffet Rosa Rosarum December 3rd,3:30pm Porto Alegre Hotel Sheraton November 22nd,6pm Unibanco Day New YorkNYSE – New York Stock Exchange December 11th

  28. Unibanco and Unibanco Holdings, S.A. Investor Relationsphone: 5511-3584-1980 fax: 5511-3584-1585email: investor.relations@unibanco.com website: 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.

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