Itaú Unibanco: Leading Brazilian Bank with Global Presence

1. Institutional Presentation 1Q/201

2. Agenda • Bank’s Profile • Brazilian Economy and Banking Sector • Business Overview • Financial Highlights • Integration: Capturing Opportunities • Itaú Unibanco in Capital Markets

3. 1 - Bank’s Profile

4. Itaú Unibanco at a Glance Leading position in Brazil through key competitive strengths • Over US$ 95 billion market cap (1) • 103,835 employees • 3,933 branches and 32,733 ATMs in Brazil and abroad • Brazilian multinational • Major provider of finance for the expansion of Brazilian companies • The best talent pool in the Brazilian financial system Global Footprint of Brazil’s Top Private Sector Bank As of March 31, 2010 • Notes: • As of May 04, 2010. Source: Bloomberg. • Includes endorsements and sureties.

5. Itaú Unibanco Holding and the 10 Largest Banks by Market Cap Market Cap (US$ bn) (1) ROE (2) Tier I Capital Index (3) Ind. & Com. Bank 13.7% China Const. Bank 11.5% JP Morgan Chase Bank of America 11.2% Citigroup HSBC Holdings 10.8% HSBC Holdings Wells Fargo & Co 10.2% Bank of America JP Morgan Chase 10.1% Santander Bank of China 10.0% Wells Fargo & Co Citigroup 9.9% Ind. & Com. Bank 9.3% China Const. Bank Santander 9.1% Bank of China • Notes: • Market Cap as of May 04, 2010. Source: Bloomberg. • Ranking among 10 largest market cap banks in the world as of May 04, 2010. Trailing 12 months ROE of latest data available. Source: Bloomberg. • Ranking among 10 largest market cap banks in the world as of May 04, 2010. Tier I: latest data available. Source: Bloomberg.

6. Brazilian Investors (BM&FBovespa) 42% 21% Foreign Investors (BM&FBovespa) 37% Foreign Investors NYSE (ADR) Itaú Unibanco Ownership Structure Ownership Structure (As of March 31, 2010) Moreira Salles Family E.S.A. Family Free Float 60.97% Common Shares 17.93% Non-voting Shares 34.47% Total 39.03% Common Shares 82.07% Non-voting Shares 65.53% Total 100.00% Total Itaúsa 50.00% Common Shares 66.53% Total 36.20% Common Shares 18.29% Total Cia E. Johnston de Participações IUPAR Itaú Unibanco Part. S.A. Bank of America Free Float 2.47% Common Shares 8.40% Non-voting Shares 5.40% Total 10.34% Common Shares 91.59% Non-voting Shares 50.54% Total 50.00% Common Shares 33.47% Total 51.00% Common Shares 25.77% Total Itaú Unibanco Holding S.A. Itaú Unibanco Holding S.A Non-voting Shares Free Float Mix

7. Itaú Unibanco Board of Directors and Executive Committees Board of Directors CHAIRMAN Pedro Moreira Salles VICE-CHAIRMEN Alfredo Egydio Arruda Villela FilhoRoberto Egydio Setubal DIRECTORS Alcides Lopes Tápias Gustavo Jorge Laboissiere Loyola Alfredo Egydio Setubal Henri Penchas Candido Botelho Bracher Israel Vainboim Fernando Roberto Moreira Salles Pedro Luiz Bodin de Moraes Francisco Eduardo de Almeida Pinto Ricardo Villela Marino Executive Committees Chief Executive Officer (CEO) Roberto Egydio Setubal Itaú BBA –Corporate, Investment Bank and Treasury Retail Wealth Management & Services Vehicles and Real Estate Credit Credit Cards and Consumer Finance Insurance and Marketing SMEs Operational Risk, Efficiency and Integration Project Human Resources and Int´l Operations Finance and Risk Legal and Compliance IT

8. Corporate Governance • Independent Audit Committee • Outstanding Corporate Governance Practices Itaú Unibanco Holding S.A. Shareholders’ Meeting Fiscal Council Board of Directors Internal Audit Strategy Committee Audit Committee (1) Appointment and Corporate Governance Committee Personnel Committee Capital and Risk Management Committee External Audit Note: 1. Members of Audit Committee Alcides Tapias, Alkimar Ribeiro Moura, Eduardo Guimarães, Gustavo Loyola and Guy Andrade (Financial Expert).

9. 2 - Brazilian Economy and Banking Sector

10. Brazil: Macro Outlook Real GDP Growth (%) 12-Month Primary Budget Surplus (%GDP) Source: Brazilian Central Bank and Itaú Unibanco economic research Source: Brazilian Central Bank and Itaú Unibanco economic research Gross Public Debt (as % of GDP) Real Interest Rates (Selic/IPCA%) (e) Source: Brazilian Central Bank and Itaú Unibanco economic research Source: Brazilian Central Bank and Itaú Unibanco economic research

11. Brazil: Macro Outlook Net External Debt / Exports Net External Government Debt / Exports % Source: Brazilian Central Bank and Itaú Unibanco economic research Source: Brazilian Central Bank and Itaú Unibanco economic research External Debt-Service / Exports International Reserves / External Debt % % Source: Brazilian Central Bank and Itaú Unibanco economic research Source: Brazilian Central Bank and Itaú Unibanco economic research

12. Brazil: Banking Sector Outlook Total Free Credit (R$ Billion) Delinquency Rate (% Over 90 days past due) Source: Brazilian Central Bank Source: Brazilian Central Bank Total Credit and Mortgages (% of GDP 2009) Market Share Private vs. Public Banks Private (local domestic) Private (foreign) State owned Source: Brazilian Central Bank Source: Brazilian Central Bank and Itaú Unibanco economic research

13. 3 - Business Overview

14. Business Overview SMEs Retail • 13.7 million retail individual clients • Approximately 4,500 branches and corporate site branches • Premier banking brand in Brazil • Corporate clients with annual revenues up to R$ 150 million • Approximately 900 thousand clients • Expanding market share penetration in Brazil Vehicles and Real Estate Credit Insurance and Pension Plans • Itaú Unibanco Holding: • Leader in performance in Brazil • Diverse line of products and services • Large distribution network • Intensive use of technology • Risk-based pricing model • Leading player in vehicle financing, total portfolio over R$54 billion • Strategically positioned for growth in mortgage market (partnerships with Lopes and Coelho da Fonseca) • One the largest players based on direct premiums • Association with Porto Seguro for auto and residential insurance Itaú BBA – CIB and Treasury Wealth Management Services Credit Card and Consumer Finance • Full coverage of corporate clients with annual revenues above R$ 150 million • Leadership in IB products with top positions in major league tables • Treasury operations for the conglomerate • Total AuM of R$ 349 billion • Leading private bank in Latin America with more than R$ 98 billion in AuM • Almost 24 million credit cards accounts • Leader in Brazilian credit card market, extensive number of joint ventures and partnerships with retailers • Controlling shareholder of Redecard

15. Commercial BankingStrong Client Base, Large Network and Wide Range of Products Presence in Brazil (As of March 31, 2010) Highlights • Superior financial products and banking services to: • 13.7 million retail banking clients • Approximately 22,200 private banking clients • Over 537,000 very small business, 260,000 small business and 104,000 middle-market corporate banking clients • Payroll credit portfolio reached R$6.7 billion • Return on allocated capital was 42.1% in 1Q/10 (1) • 18%market share of branches in Brazil (2) North Branches 68 Northeast Branches 241 Mid-West Branches 282 Southeast Branches 2,490 South Branches 631 Total Branches 3,712 • Notes: • Managerial return on allocated capital is calculated based on internal methodology presented in Itaú Unibanco’s quarterly earnings report. • As of March 2010. Source: Brazilian Central Bank.

16. Accounting figures Itaú Unibanco Holding Accounting figures Unibanco Itaú Unibanco Holding Managerial Figures Vehicle Financing Highlights Vehicle Financing Portfolio R$ Million • Market leader with market share close to 34% • Lease and finance through 13,270 dealers • Fast approval process: • Credit usually granted within 11 minutes • Automated system for credit approval • Pre approved credit approach • Internet processing application • Focus on brand new car financing CAGR(07-Mar/10) 21.0% (1) • Note: • Itaú Unibanco Holding managerial figures in 2007 represent the sum of Itaú and Unibanco.

17. Itaú Unibanco Holding Unibanco Itaú Unibanco Holding Managerial Figures Credit Card Highlights Amount of Transactions (1) R$ Million • Leader in Brazilian market both on the number of credit card holders and on the volume of customer transactions • Credit card business comprises: • Issuance of Visa and Mastercard cards through bank’s retail channels • JVs and partnership with retailers • Hipercard: credit card issuer, acquirer and processor company • Redecard: merchant acquiring business • 23.8 million credit card accounts • R$ 28.4 billion credit card loan portfolio • High growth potential in credit card usage in Brazil: • Around 12% of PCE(3) in Brazil; vs • 40% of PCE(3) in UK, 30% in France and 23% in the USA CAGR(07-09) 19.1% (2) • Notes: • Includes figures from account holders and non-account holders clients. • Itaú Unibanco Holding figures in 2007 and 2008 represent the sum of Itaú and Unibanco managerial data. • PCE Personal Consumption Expenditure

18. Joint Ventures and Partnerships with Retailers Partnerships with Retailers Highlights • 15.9 million customers • R$ 8.1 billion credit portfolio • Focus on credit card instruments • Long term agreements • Alignment of incentives through profit sharing models Sample of partners:

19. Accounting figures Itaú Unibanco Holding Accounting figures Unibanco Itaú Unibanco Holding Managerial Figures Wealth Management Services - “Best Private Bank Overall Services” Highlights Evolution of Assets Under Management R$ Billion • Largest mutual fund manager among private banks in Brazil (according to ANBIMA, based on AuM) • Approximately 1.5 million customers • Largest private manager of pension fund assets in Brazil • Assets under management fees in 2009 were R$ 2,249 million, or 14.8% of total fee income • Itaú Private Bank was awarded as the “Best Private Bank Overall Services” by Euromoney magazine for the second consecutive year • Top provider of securities services in Brazil to third parties (according to ANBIMA) CAGR(07-Mar/10) 12.8% (1) • Note: • Itaú Unibanco Holding managerial figures in 2007 represent the sum of Itaú and Unibanco.

20. Accounting figures Itaú Unibanco Holding Accounting figures Unibanco Itaú Unibanco Holding Managerial Figures Micro, Small and Middle Market - Expanding Market Penetration Highlights SMEs Loan Portfolio • Approximately 900 thousand corporate clients served through the following segments: • Very Small: up to R$0.5 million annual revenues; approximately 1,700 managers • Small: from R$0.5 million to R$6 million; approximately 1,600 managers • Middle-Market: from R$6 million to R$150 million; approximately 1,300 managers • Full range of financial products and services, including deposits accounts, investment options, insurance, cash management, credit products and collection, among others R$ Million CAGR(07-Mar/10) 28.2% (1) • Note: • Itaú Unibanco Holding managerial figures in 2007 represent the sum of Itaú and Unibanco.

21. Accounting figures Itaú Unibanco Holding Accounting figures Unibanco Itaú Unibanco Holding Managerial Figures Itaú BBA - Leadership Position Among Large Corporate Clients in Brazil Highlights Corporate Loans R$ Million • More than 2,400 large corporate clients with annual revenue above R$ 150 million • Deep corporate relationships, strong balance sheet • Return on allocated capital of 18.6% in 1Q/10 CAGR(07-Mar/10) 10.3% (1) • Note: • Itaú Unibanco Holding managerial figures in 2007 represent the sum of Itaú and Unibanco.

22. Itaú BBA - Leadership Position Among Large Corporate Clients in Brazil Recent Awards Leadership in Investment Banking Products in 2009 Cash Management Best Cash Management in Latin America (2008) Best Domestic Cash Manager in Brasil (2009) Investment Bank Top 2 Research Team in Brazil (2009) Best Capital Markets House in Brazil (2009) Best Debt House in Brazil (2008) Best Investment Bank – Overall (2008) Best Investment Bank in Brazil (2009, 2008, 2006) Best Investment Bank in Latin America (2009) Best Investment Bank in Brazil (2009, 2008) • Source: ANBIMA. • Source: Bloomberg. • Source: Thomson.

23. Life and Personal Accidents Property Risk Transportation Extended Warranty Others Insurance, Pension Plans and Capitalization Highlights Composition of Insurance Premiums Earned • One of the largest players based on direct premiums • Insurance Technical Provisions: R$ 5,425 million • Pension Plan Technical Provisions: R$ 44,766 million • Capitalization Technical Provisions: R$ 2,351 million • Managerial recurring net income of R$ 333 million and return on allocated capital of 35.6% in 1Q10 (1) • Porto Seguro 1Q10 net income of R$ 131 million (Itaú Unibanco has a 30% stake in Porto Seguro) 1st Quarter/10 4th Quarter/09 Note: 1. Based on internal methodology presented in Itaú Unibanco’s quarterly earnings report. Alliance with Porto Seguro • Unification of residential and automobile insurance operations • Exclusive offer and distribution of residential and automobile insurance products to Itaú Unibanco’s customers in Brazil and Uruguay • Itaú Unibanco Holding nominates 2 of 5 board of directors members of PSIUPAR and 2 of 7 board of directors members of PSSA • 27.5% market share in auto insurance and 28.5% in residential insurance in Brazil

24. A History of Successful Strategic Deals (1) … Casa Moreira Salles(1924) Unibanco 2008 Merger between Itaú and Unibanco was announced on November 3. 2009 Alliance with 2004 - 2007 1924 - 1944 1995 - 1998 2000 - 2003 Itaú Foundation of Banco Itaú(1944) BEG Banco del Buen Ayre • Note: • Includes mergers, acquisitions, joint-ventures and partnerships.

25. … Culminating in a Superior Position Across Segments Leadership in Major High Margin and High Growth Segments A large base of customers to explore cross-selling Segment Matrix • 13.7 million account holders • 23.8 million credit card clients • 15.9 million consumer finance clients • Approximately 900 thousand SME clients • Over 2,400 large corporate clients • Approximately 1.5 million Asset Management clients Consumer Finance BranchNetwork Credit Cards High SMEs Vehicles Private Margin Asset Management Low Insurance & Pension Wholesale Low High Growth Note: Data for business projected margins and growths are managerial estimates based on historical figures.

26. 4 - Financial Highlights

27. Accounting figures Itaú Unibanco Holding Accounting figures Unibanco Itaú Unibanco Holding Managerial Figures Financial Highlights Managerial Financial Margin (1) (R$ Billion) Non-Interest Expenses (1) (2) (R$ Billion) D (08-09) +6.2% (1) CAGR(07-09) 19.4% (1) -1.1% -2.8% Net Income (1) (R$ Billion) CAGR(07-09) 3.5% (1) 23.7% • Notes: • For comparison purposes, Itaú Unibanco Holding managerial figures include adjustments for non-recurring effects, tax effect of hedge of investments abroad and sovereign bonds, and the full consolidation of Redecard in 2008. • Non-Interest Expenses includes personal and administrative plus other operating expenses and tax expenses net of PIS, COFINS and ISS. It does not include employees’ profit sharing until 2007.

28. Income Statement (1) • Notes: • Please find annex the adjustments made in the accounting statement of income.

29. Managerial Financial Margin (1) • Slight decrease in spreads was more than compensated by higher volumes • Notes: • For comparison purposes, Itaú Unibanco Holding managerial figures include adjustments for non-recurring effects, tax effect of hedge of investments abroad and sovereign bonds.

30. Net Interest Margin (NIM) (1) NIM(2) BM&F Fixed Rate (1 year) CDI NIM after Provision for Credit Risk • Notes: • For comparison purposes, Itaú Unibanco Holding managerial figures include adjustments for non-recurring effects, tax effect of hedge of investments abroad and sovereign bonds, and the full consolidation of Redecard in 2008.Unibanco’s figures in 2008 represent nine months of 2008. • Before provisions and it does not include treasury margin.

31. Accounting figures Itaú Unibanco Holding Accounting figures Unibanco Itaú Unibanco Holding Managerial Figures Financial Highlights Total Assets (1) (R$ Billion) Stockholders’ Equity (1) (R$ Billion) CAGR(07-Mar/10) 17.2% (1) CAGR(07-Mar/10) 12.3% (1) • Notes: • For comparison purposes, Itaú Unibanco Holding managerial figures from 2003 to Sep 30, 08 represent the sum of Itaú and Unibanco and consider the full consolidation of Redecard in 2008.

32. Accounting figures Itaú Unibanco Holding Accounting figures Unibanco Itaú Unibanco Holding Managerial Figures Financial Highlights Loan Portfolio (1)(2) (R$ Billion) Loan Portfolio Mix (as of March 2010) CAGR(07-Mar/10) 16.2% (1) Corporate Vehicles Personal Loans SMEs Credit Card Rural Loans, 2% Porto Seguro, 0.1% Mortgage Loans, 3% Argentina, Chile, Uruguay, Paraguay, 4% • Notes: • For comparison purposes, Itaú Unibanco Holding managerial figures from 2003 to Sep 30, 08 represent the sum of Itaú and Unibanco and consider the full consolidation of Redecard in 2008. • Includes endorsements and sureties.

33. Loans by Type of Customer (1) • Includes endorsements and sureties. • Includes Credit Card, Personal Loans, Vehicles, Micro, Small and Middle Market, Rural Loans and Mortgage Loans. • Note: The acquired payroll credit portfolio started to be considered as corporate risk and, thus the prior quarters were adjusted for comparability.

34. Non-Performing Loans and Coverage Ratios NPL Ratio (90 days) NPL Ratio (61-90 days) Individuals Total Businesses Additional Balance of Allowance for Loan Losses (R$ Million) Coverage ratio (*) – 90 days (*) Allowance por Loan Losses / Credits overdue more than 90 days.

35. Provision for Loan Losses 775 373 539 4,252 4,296 3,834 Recurring Expenses for Provisions for Loan Losses (R$ million) Use of additional provision (R$ million) Recurring Expenses for Provisions for Loan Losses / Credit Portfolio (1) Allowance for Loan Losses (Specific + Generic) / Credit Portfolio (end of period balance) Allowance for Loan Losses (Specific + Generic + Additional) / Credit Portfolio (end of period balance) (1) Average balance of the two previous quarters. Data until 3Q08 reflect the sum of results and balances separately posted by Itaú and Unibanco.

36. Ratio between Loan Portfolio and Funding % Funding (Maturity Breakdown) R$ Billion Funding • Loan Portfolio Mainly Funded by Domestic Client Funding • Diversified Funding Base R$ Billion Over 365 181-365 31-180 0-30 (1) • Notes: • Does not include sureties and endorsements.

37. Banking Fees Revenues, Non Interest Expenses and Efficiency Ratio (1) Historical Data of Non Interest Expenses Historical Data of Banking Fees Revenues and Income from Banking Charges -2.8% -9.1% -2.6% 25.5 25.5 Participation over Managerial Financial Margin plus Banking Service Fees (in %) Efficiency Ratio (ER) Non-Interest Expenses (Personnel Expenses + Other Administrative Expenses + Other Operating Expenses + Tax Expenses with Other Taxes) Efficiency Ratio = (Managerial Financial Margin + Banking Service Fees and Charge Revenues + Operating Result of Insurance, Capitalization and Pension Plans before Retained Claims + Other Operating Income - Tax Expenses for ISS, PIS, Cofins and Other Taxes) Quarter Figure Cumulative figure of the last 12 months • Notes: • For comparison purposes, Itaú Unibanco Holding managerial figures include adjustments for non-recurring effects, tax effect of hedge of investments abroad and sovereign bonds, and the full consolidation of Redecard in 2008.

38. R$ Million Non-interest Expenses without Redecard, Porto Seguro, Expansion and Branch Migration (1) (2) • Notes: • For comparison purposes, Itaú Unibanco Holding managerial figures include adjustments for non-recurring effects, tax effect of hedge of investments abroad and sovereign bonds, and the full consolidation of Redecard. • Net of consumption of provision for integration expenditure related to the merger (R$160 million in 1Q/10; R$135 million in 4Q/09 and R$ 104 million in 1Q/09).

39. R$ million BIS Ratio BIS Ratio after subsequent events (*) The Tangible Common Equity (TCE ) is internationally defined as Stockholders´ Equity less intangible assets, goodwill and preferred shares. In the case of Brazil, non-voting shares have primarily a capital function and, for this reason, have not been excluded from Tangible Equity. (**) CMN Resolution 3,825 established that, from April 1st, 2010, it will no longer be permitted to include in Tier I the full amount of the additional Provision for Loan Losses. (***) Circular 3,476 establishes that for the Economic-Financial Consolidated, beginning on 06/30/2010, an additional portion of Operational Risk should be included.

40. Segmentation Itaú Unibanco Commercial Bank Itaú BBA Consumer Credit Corporation + Treasury Note: The consumer-credit’s chart reflects mainly the operations performed in channels dedicated to non-account holders.

41. R$ million Segmentation Highlights (1) (2) (2) (*) Does not reflect the sum of the parts because certain intercompany transactions were eliminated only at the Consolidated level. • Notes: • As from 4Q09, it includes 30% stake of Porto Seguro at Corporation + Treasury. • Managerial return on allocated capital is calculated based on internal methodology presented in Itaú Unibanco’s quarterly earnings report.

42. 5 - Integration: Capturing Opportunities

43. Integration: Capturing Opportunities • Development of a Strong New Culture • Meritocracy, client focus and outstanding performance are the key values • Create an ownership sense among employees • Roadshow with more than 15 thousand employees • Significant Cost Synergies • Consolidation of IT systems • Unification of back office operations • Economies of scale and scope • Revenue Synergies • Growth in revenues, mainly in SMEs and through further segmentation of retail client base • Lower than expected overlap of clients • Increasing penetration of insurance products, mainly in Unibanco’s client base • Business Expansion • Expectation of sustainable GDP growth in Brazil in coming years • Opportunity to gain market share in segments such as SME, mortgages and payroll loans • Successful track record in doing deals through associations, mergers and acquisitions

44. Accumulated Claims in Branch Migration Waves • Positive learning curve throughout pilot test branch migration • Low level of attrition with customers Branch Migration Waves – Unibanco’s branches into Itaú’s Platform 4,5 August/09 October/09 November/09 December/09 January/10 February/10 March/10 April/10 5 4 3,5 3 1 2,5 3 • Accumulated Claims x 100 / Number of customers 2 10 1,5 3 14 1 0,5 57 Time 0 30 D0 D5 D10 D15 D20 D25 D30 D35 D40 D45 D50 D55 D60 Number of branches migrated. #

45. 6 - Itaú Unibanco in Capital Markets

46. Trading Symbols Since May 20, 2009 Itaú Unibanco is known in the financial market as ITUB ADR: ITUB (Non-voting shares) Common: ITUB3 Non-voting Shares: ITUB4 CEDEAR: ITUB4 (Non-voting Shares)

47. 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 Itaú Itaú Itaú Itaú Itaú Itaú Itaú Itaú Itaú Itaú Unibanco CEMIG CEMIG CEMIG CEMIG CEMIG CEMIG CEMIG CEMIG CEMIG CEMIG Itaúsa Embraer Embraer Embraer Aracruz Aracruz Aracruz Aracruz Aracruz Itaúsa Itaúsa Itaúsa Itaúsa Itaúsa Unibanco Unibanco Bradesco Bradesco Bradesco Bradesco Petrobras Petrobras Petrobras Petrobras Usiminas Usiminas Redecard Votorantim Corporate Governance Itaú Unibanco remains the only Latin American bank to participate in the index since it was created in 1999

48. Average Daily Traded Financial Volume (1) R$ Million 875 639 CAGR 21.0% 609 559 CAGR 39.1% 319 185 • Notes: • Average daily traded financial volume prior to 03/31/09 represents the sum of Itaú and Unibanco.

49. Average Daily Traded Financial Volume Evolution of US$ 100 invested from April 30, 2000 to April 30, 2010 Annual Average Appreciation ITUB4(1) ITUB4(2) Ibov. 10 years 27.38% 23.14% 16.33% 5 years 31.88% 27.96% 31.79% Lehman Brothers Collapse Subprime 12 months 76.04% 71.70% 79.74% 1,125 Increase on FED Rates 802 WTC Attack Argentina Crisis 454 Brazilian Election Period 100 (1) With dividends reinvestment (2) Without dividends reinvestment Ibovespa index

50. Recurring EPS – Unibanco (R$) (**) Recurring ROE – Itaú (%) Recurring ROE – Unibanco (%) Recurring EPS - Itaú (R$) Recurring ROE – Itaú Unibanco (%) Recurring EPS - Itaú Unibanco (R$) Earnings per Share (*) (*) The number of shares outstanding was adjusted to reflect the 10% share bonus that occurred on August 28, 2009. (**) Adjusted by the exchange ratio of shares in relation to Itaú and Unibanco merger.