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Investor Relations ir.unibanco

Consolidated Results 2 nd Quarter 2005 Conference Call August 12, 2005. Investor Relations www.ir.unibanco.com. Unibanco in 2Q05. D 2Q05 / 2Q04. +48.5%. Net Income R$453 million Operating Income R$684 million. +70.6%. 23.0%. 21.0%. 20.1%. 8.7. 17.8%. 17.3%. 8.4. 8.1.

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Investor Relations ir.unibanco

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  1. Consolidated Results 2nd Quarter 2005 Conference Call August 12, 2005 Investor Relations www.ir.unibanco.com

  2. Unibanco in2Q05 D2Q05 / 2Q04 +48.5% Net Income R$453 million Operating IncomeR$684 million +70.6% 23.0% 21.0% 20.1% 8.7 17.8% 17.3% 8.4 8.1 7.9 7.7 2Q04 3Q04 4Q04 1Q05 2Q05 (R$ billion) Stockholders’Equity Stockholders’Equity Annualized ROAE (%) Annualized ROAE (%)

  3. Unibanco in1H05 D 1H05 / 1H04 +47.0% Net Income R$854 million Operating IncomeR$1,395 million +60.0% 21.4% 16.4% 15.2% 8.7 7.7 6.8 1H03 1H04 1H05 Stockholders’Equity (R$ billion) Annualized ROAE (%)

  4. Income Statement R$ Million

  5. 35,154 33,176 82,992 84,062 82,109 31,796 79,350 79,771 29,724 29,064 Jun-04 Sep-04 Dec-04 Mar-05 Jun-05 Jun-04 Sep-04 Dec-04 Mar-05 Jun-05 Highlights Financial Margin (Before Provision for Loan Losses) Earnings per Share (R$) 0.32 10.2% 0.29 0.27 9.9% 9.5% 9.3% 0.23 0.22 8.2% 2Q04 3Q04 4Q04 1Q05 2Q05 2Q04 3Q04 4Q04 1Q05 2Q05 Total Assets (R$ million) Loan Portfolio (R$ million)

  6. Financial Margin 17.2% 22.1% 22.1% 10.2% 9.5% 8.2% 7.9% 6.4% 7.9% 2Q04 1Q05 2Q05 Provision for loan losses/ Financial Margin Financial Margin after Provision Financial Margin R$ Million

  7. Loan Portfolio Coverage Allowance for Loan Losses / Loan Portfolio Jun-05 Mar-05 Auto Financing 2.9% 2.7% 6.8% 6.5% Consumer Credit Companies 4.9% 5.2% Commercial Bank and Other Companies 4.9% 5.1%

  8. 125.7% 118.8% 4.7% 4.3% 110.0% 3.9% Jun-04 Mar-05 Jun-05 Jun-04 Mar-05 Jun-05 Loan Portfolio Quality Non-Accrual Portfolio / Loan Portfolio Coverage Ratio of Non-Accrual Portfolio Allowance for Loan Losses / Loan Portfolio E-H Loan Portfolio E-H (overdue > 90 days) / Loan Portfolio 115.0% 5.2% 108.9% 4.7% 4.3% 98.9% Jun-04 Jun-05 Mar-05 Jun-04 Jun-05 Mar-05

  9. R$ million • % Q-o-Q • % Y-o-Y 2Q05 1Q05 2Q04 Efficiency Ratio 52.8% 53.7% 63.4% -90b.p. -1060 b.p Expenses 1,232 1,186 1,242 3.8% -0.8% Revenues 2,334 2,209 1,961 5.7% 19.0% Efficiency Ratio 63.4% 53.7% 52.8% 2Q04 1Q05 2Q05 D R$373 million

  10. Fees From Services Rendered R$ million D% 1H05 1H04 Y-o-Y Banking fees and other fees and commissions 884 809 9% Credit cards 476 379 26% (excluding Credicard in 1H04) Asset management fees 200 187 7% Total 1,560 1,375 14% - 186 Credicard and Orbitall - Total fees from services rendered 1,560 1,561 0%

  11. Loan Portfolio Growth 21.0% R$ million 10.6% 6.0% 33,176 35,154 29,064 31,796 Retail 50% 55% 56% 54% Wholesale 50% 45% 44% 46% Jun-04 (*) Dec-04 Mar-05 Jun-05 (*) Pro-Forma: excludes Credicard portfolio; includes installment credits.

  12. Loan Portfolio Mix – by client type R$ million Corporate 14.3% 6.7% 37.4% 3.9% 2.6% 21,795 7.2% 20,977 19,076 15,381 14,991 6,414 5,986 14,409 4,667 SME Large Corporate Total Corporate Individuals 33.8% 31.5% 9.5% 37.1% 10.2% 13.359 12,199 9,988 8.5% 7,907 7,173 6,012 5,452 5,026 3,976 Consumer Credit Companies Commercial Bank & Other Companies Total Individuals Jun-04 Mar-05 Jun-05

  13. Jun-04 Mar-05 Jun-05 Loan Portfolio Breakdown-Individuals Portfolio Consumer Credit Companies R$ million 37.1% 8.5% 52.8% 32.0% 21.5% 5,452 5,026 3,976 9.8% 0.6% 9.5% 1,910 2,881 1,739 2,630 2,182 661 1,250 657 544 Fininvest Credit Cards (Unicard and HiperCard) JVs with Retailers (PontoCred and LuizaCred) Total

  14. Loan Portfolio Breakdown-Individuals Portfolio R$ million Commercial Bank & Other Companies 31.5% 10.2% 27.1% 36.1% 26.0% 7,907 7,173 39.5% 6.3% 7.7% 6,012 2,590 4,370 4,058 2,436 3,211 2,056 947 745 679 Other Companies(*) Branch Network Auto Financing Total Jun-04 Mar-05 Jun-05 (*) Mainly Insurance/Garantech

  15. Credit Cards (in million) 20.6 20.0 Total Cards 17.0 15.0 11.2 MC + Visa + Hipercard 10.0 9.4 Private Label 8.0 Mastercard 5.0 5.0 3.3 Visa 2.9 Hipercard Jun-03 Sep-03 Dec-03 Mar-04 Jun-04 Sep-04 Dec-04 Mar-05 Jun-05 R$ million Revenues 2Q04 1Q05 2Q05 1H04 1H05 2,778 MC + Visa + HiperCard 3,094 3,596 4,651 6,690 653 Private Label 822 714 1,221 1,536 3,431 Total 3,916 4,310 5,872 8,226

  16. Funding and Assets under Management R$ million

  17. Insurance and Private Pension Plans R$ million 2Q05 1Q05 1H05 1H04 Net Premium Written + 1,033 1,178 2,211 2,189 Pension Plan Revenues 84 76 160 148 Net Income 100.0% 98.6% 99.2% 99.3% Combined Ratio Extended Combined Ratio 86.4% 85.1% 85.7% 87.2% Technical Reserves 29.4% 6,272 5,941 1,424 1,217 4,847 1,077 4,848 4,724 3,770 2Q04 1Q05 2Q05 Insurance Private Pension

  18. Highlights • 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 took 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%.

  19. Highlights • Perpetual Securities – US$500 million - Expanded geographically Unibanco’s investor base - Distribution: By Investor By Region 83.5% 61.7% 19.4% 11.4% 7.4% 9.4% 5.4% 1.3% 0.4% North America South America Europe Asia Corporate and Hedge Funds Private Banks Financial Insurance Adviser Clients

  20. 2005 Outlook 2004 2005(E) GDP Growth5.2% 3.0% FX Rate R$/US$ (end-of-year) 2.654 2.50 Selic (end-of-year) 17.75% 17.75% IPCA 7.6% 5.6% Trade Balance Surplus (US$) 34 bln 40 bln

  21. 2005 Growth Perspectives 2005 - Perspectives on May 11,2005 Growth 1H05 Revised guidance Loan Portfolio 17-22% 10.6% 18-23% Corporate 10-15% 7.8% 10-15% Large 7-12% 5.4% 7-12% SME 25-30% 13.9% 25-30% Individuals 22-27% 15.5% 25-30% Commercial bank and other companies 25-30% 20.9% 30-35% Consumer Finance 25-30% 15.0% 25-30% Credit Cards 15-20% 3.1% 15-20% Administrative Expenses < 5% 1.4% < 5%

  22. For further information contact our Investor Relations Area atphone: 5511-3097-1980fax: 5511-3813-6182email: 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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