Trading Activities Of BM&F And Its Clearinghouses On November 20, 2006

Due to the upcoming State holiday on November 20, 2006, formally known as Black Consciousness Day, we hereby inform you that, in accordance with BM&F Circular Letter 168/2005-DG, of December 26, 2005, the trading activities of the Exchange and its Clearinghouses will be as follows:

Derivatives Clearinghouse

There will be no trading floor sessions, no transactions in the two electronic systems - the Global Trading System (GTS) and the BM&F internet-based platform (WTr) - and no registrations in the OTC registration system.

There will also be no Derivatives Clearinghouse settlement in the cities of Sao Paulo and New York.

FX Clearinghouse

There will be no transactions in the Floor-Traded US Dollar Spot Market.

The FX Clearinghouse will accept the registration of OTC transactions normally. Settlement on November 20, 2006, will also occur normally, that is, there will be no changes in the settlement window schedules.

Securities Clearinghouse

The SISBEX system will function normally for electronic trading and OTC registration.

Settlement on November 20, 2006, will also occur normally, that is, there will be no changes in the settlement window schedules.

BM&F Settlement Bank

Normal business day.

Further information may be obtained from the Derivatives Clearinghouse (Cícero), the FX Clearinghouse (Isney), the Securities Clearinghouse (Luis Gustavo), the BM&F Settlement Bank (Lofrano), and the Trading Area (Branco).