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Invitation To Meet BOVESPA In New York

Date 06/10/2005

BOVESPA will promote two important events in New York. Brazil Day and BEST – to be held on November 14 and 16, respectively – aim at enhancing the awareness about the Brazilian capital market and attracting international investors.

Brazil Day

The third edition of Brazil Day, to be held on November 14, will promote a series of simultaneous sectorial panels - moderated by top analysts - with around 30 companies listed on BOVESPA. A panel with corporations that recently joined the market in the IPOs of 2004 and 2005 will be also part of the program.

The event´s opening session will count on the participation of the Minister of Industry and Foreign Trade, Mr. Luiz Fernando Furlan, and the Director of the Brazilian Securities and Exchange Commission, Mr. Sergio Weguelin. Follewed by a panel where BOVESPA will give an overview of the recent developments in the Brazilian Capital Market.

This initiative is jointly promoted by BOVESPA, the National Association of Public Companies (Abrasca), the Brazilian Institute of Investor Relations (IBRI) and Brazilian Association of Investment Analysts (APIMEC).

BEST

Also in its third edition, BEST – Brazil Excellence in Securities Transactions – will present on November 16 the infrastructure and regulatory environment for portfolio investments in Brazil.

The initiative is co-sponsored by BOVESPA, the Brazilian Mercantile & Futures Exchange (BM&F), the Brazilian Clearing and Depository Corporation (CBLC) and the National Association of Investment Banks (ANBID). The market regulators Brazilian Securities and Exchange Commission (CVM), Brazilian Central Bank (BCB) and the Brazilian National Treasury (TN) will also take part in this seminar.

The main Brazilian banks, brokerage houses, hedge funds, investment funds, custodians, and dealers are expected to be represented at BEST.