Itautec S.A. Ricardo Setúbal Itautec – Investor Relations Officer

1. Itautec S.A. Ricardo Setúbal Itautec – Investor Relations Officer

2. Agenda • Objectives reached up to 06.30.06 • Actions in Progress • Financial Informations • Corporate Governance • Growth Strategy 1

3. Objectives reached up to 06.30.06 • Reorganization of the Businesses • Acquisition of Tallard Technologies (USA) • Reduction of the operational cost of the company 2

4. Objectives reached up to 06.30.06 Reorganization of the Businesses Operational Structure in 2005 Current Operational Structure Soluções e Automações Informática Serviços Philco Itaucom Solutions and Automations IT Products Services Solutions and Automations IT Products Services Philco Itaucom 3

5. Objectives reached up to 06.30.06 Philco • Sale to Gradiente for R$ 60 Million – August/05 • Final liquidation of the operation in February 2006 Itaucom • Segregation and closing of the Printed Circuit Board and Memory Encapsulation operation in November 2005. 4

6. Objectives reached up to 06.30.06 Focus in the Businesses of Bigger Aggregate Value 5

7. Objectives reached up to 06.30.06 Focus in the Businesses of Bigger Aggregate Value iSeries 6

8. Objectives reached up to 06.30.06 Focus in the Businesses of Bigger Aggregate Value 7

9. Objectives reached up to 06.30.06 Acquisition of the Tallard Technologies, Inc. Headquarter: United States Activity Market: North America and Latin America Distribution: Products and Services of technology of the Information (Marks IBM, Avaya and Apple) Subsidiary: México, Venezuela and Chile Gross Revenue in 2005: US$ 100 Million Total Assets: US$ 30 Million 8

10. Objectives reached up to 06.30.06 • Tallard Acquisition Motivation • Geographic complementation in its products marketing; • Business is attractive because it contributes with Itec abilities (IBM products sale); • Amplification of products line for communication (Avaya products sale); • Marketing and technical assistance services of Apple’s products. Biggest IBM distributor in Latin America 9

11. Objectives reached up to 06.30.06 Acquisition of the Tallard Technologies, Inc. (*) Annual payments subject to presentation of future income, in respect to goals set forth in the purchase and sales agreement. 10

12. Objectives reached up to 06.30.06 Spain Portugal USA - Miami Mexico Venezuela Ecuador Chile Argentina Companies in the Exterior Deliverers Bigger company of Brazilian computer in the external market 11

13. Objectives reached up to 06.30.06 Reduction of the operational cost of the company • Closing of Manaus Operations in January/2006, pursuant to the sale of the last site: R$ 14 Million. 12

14. Objectives reached up to 06.30.06 Reduction of the operational cost of the company • Sale of the last site in Manaus: R$ 14 Million; • Re-adaptation, during 2006, of the Commercial and Administrative Structures. 13

15. Actions in Progress 14

16. Actions in Progress Reduction of the operational cost of the company • Change of Central Management to Av. Paulista; 15

17. Actions in Progress Reduction of the operational cost of the company • Change of Central Management to Av. Paulista; • Change of plant to Jundiaí up to 2007; 16

18. Actions in Progress Reduction of the operational cost of the company • Change of Central Management to Av. Paulista; • Change of plant to Jundiaí; • Sale of Tatuapé site up to the middle of 2008. 17

19. Financial Information • Breakdown of Gross Revenue • Gross Revenue Distribution • Income Statements • Overseas Operations Turnover • Financial Debits 18

20. Financial Information – Breakdown of Gross Revenue 19

21. Financial Information Gross Revenue Distribution - First Half 2006 20

22. Financial Information Evolution of the Gross Profit 21

23. Financial Information Income Statements 22

24. Financial Information Invoicing of the Operations in the Exterior 23

25. Financial Information Gross Income Distribution – First Half 2006 (Simulation with Tallard of January the June) 24

26. Financial Information Financial Debits Rental Tallard 25

27. Corporate Governance 26

28. Corporate Governance • 100% Ordinary Shares; • 80% Tag Along for Minority Interests; • Disclosure Committee for Relevant Events since 2002; • Distribution of Dividends: 39% of Net Income during the last 5 years; • Shares Grouping 27

29. Corporate Governance Distribution of JCP/Dividends +20,3% JCP 1HY06 – R$ 0,03 per Share 38% of semester’s net profit 28

30. Corporate Governance Shares Grouping 1:15 A NEW SHARE TO EACH 15 SHARES OWNED   Shareholders with the desire to keep at least one new share, Itaúsa will grant free of charge the shares necessary to integrate the minimum lot. Shares par value shall go from R$ 2,65 TO R$ 40,00 Purpose: Operational Rationalization 29

31. Growth Strategy 30

32. Growth Strategy Objectives to be Developed • Amplification of Operations in the extern market; • Consolidation of Outsourcing Operations; • ATMs’ market share increase; • Reduction of Company’s operational cost. 31

33. Growth Strategy • More business focus; • High-level capabilities in making high-added-value products; • Low-cost production capacity; • Extensive client portfolio; • High-capilarity network providing technical support; • Opportunity on World Market; • Sound capital structure combined with detailed risk management. Value Creation 32

34. www.itautec.com.br