BANCO DO BRASIL 2 Q 05 Results Investor

BANCO DO BRASIL 2 Q 05 Results Investor Relations 1

Highlights R$ million (1) Equity Income + Other Operating Income (2) Taxes on Revenues + Other Tax Expenses + Other Operating Expenses + Legal Risk Investor Relations 2

Highlights R$ million Spread - % Deliquency ¹ - % Efficiency ROE ² - % ROE Recurrent ² - % ROA ² - % BIS Ratio - % (1) Past Due Loans + 60 days (2) Annualized 2 Q 04 9. 2 3. 2 59. 0 27. 7 23. 9 1. 4 14. 5 1 Q 05 8. 4 3. 1 56. 1 29. 3 24. 5 1. 6 15. 6 2 Q 05 9. 0 3. 1 49. 6 29. 6 1. 7 15. 9 1 H 04 8. 7 3. 2 56. 6 23. 9 28. 8 1. 2 14. 5 Investor Relations 1 H 05 8. 6 3. 1 52. 8 28. 6 26. 4 1. 7 15. 9 3

Result Changes Net Income Changes - R$ million 1. 014 965 162 116 55 Net Income 1 Q 05 (43) (55) (87) Net Interest Income Other Service Revenues Taxes Administrative Expenses Profit Sharing (99) Net Income 2 Q 05 Taxes on Revenues Investor Relations 4

Net Interest Income 3, 925 3, 919 4, 086 4, 090 4, 146 2 Q 04 3 Q 04 4 Q 04 1 Q 05 2 Q 05 Net Interest Income - R$ million Spread by Credit Portfolio - % 43. 0 NIM¹ Annualized - % 40. 4 35. 9 35. 5 9. 1 8. 7 8. 3 8. 0 7. 9 5. 4 5. 8 7. 0 5. 8 6. 0 2 Q 04 3 Q 04 4 Q 04 1 Q 05 2 Q 05 Agribusiness (1) Net Interest Margin - Related to Earning Assets 38. 1 Commercial Investor Relations Retail 5

Volume and Spread Analysis Spread - % 2 Q 04 - 1. 7896 2 Q 05 - 1. 7795 (22) (1) 3, 925 245 Volume - R$ million 2 Q 05 - 232, 988 2 Q 04 - 219, 318 Spread - % Gain due to Volume Gain due to Spread Gain due to Volume and Spread 1 H 05 - 3. 4716 1 H 04 - 3. 4597 27 2 7, 754 454 Volume - R$ million 1 H 05 - 237, 240 1 H 04 - 224, 132 Investor Relations 6

Loan Portfolio R$ million 2 Q 04 - % 13. 3 1 Q 05 - % 10. 1 18. 3 12. 7 30. 8 Individuals SMEs 13. 5 25. 1 Businesses Agribusiness 9. 5 18. 3 33. 0 25. 0 2 Q 05 - % Abroad 18. 6 13. 5 33. 5 24. 9 Investor Relations 7

Delinquency and Provision for Credit Risks 4. 4 903 2 Q 04 4. 3 856 868 3 Q 04 4. 3 4. 2 1, 061 1, 002 1 Q 05 2 Q 05 Quarterly Provision Expenses 6. 1 5. 1 6. 4 6. 1 5. 6 4. 9 Provision Expenses / Loan Portfolio ¹ - % 6. 1 5. 1 3. 2 3. 3 3. 1 2 Q 04 3 Q 04 4 Q 04 1 Q 05 2 Q 05 Allowance for loan losses / Loan Portfolio - % Past Due Loans + 60 days / Loan Portfolio - % (1) Average Portfolio - 12 months and Annualized Income Investor Relations 8

Credit Risk - % 12. 8 87. 2 Retail 5. 2 6. 0 2. 1 2. 0 8. 5 10. 2 94. 8 94. 0 97. 9 98. 0 91. 5 89. 8 Commercial Agribusiness Foreign Trade Abroad BB Banking Industry¹ AA-C (1) Source: Brazilian Central Bank D-H Investor Relations 9

Service Revenues R$ million Account Holders Base - million 296 286 20. 7 20. 1 2 Q 04 Customers 286 282 287 21. 1 21. 2 21. 9 3 Q 04 4 Q 04 1 Q 05 2 Q 05 Fees + NII¹/ Average² Customers Base - R$ (1) Net Interest Income (2) 12 Months Asset Under Management - R$ billion 19. 9 20. 0 19. 7 20. 8 21. 3 138. 2 144. 8 116. 9 122. 5 124. 0 2 Q 04 3 Q 04 AUM 4 Q 04 1 Q 05 2 Q 05 Market Share - % Investor Relations 10

Administrative Expenses R$ million Investor Relations 11

Productivity Ratios Assets per Workforce - R$ thousand 2, 455 2, 531 2, 570 2, 597 2 Q 04 3 Q 04 4 Q 04 1 Q 05 Customers per Workforce 2, 413 2 Q 05 Workforce per Branch ¹ 217 221 227 224 226 17. 4 17. 3 17. 6 18. 1 2 Q 04 3 Q 04 4 Q 04 1 Q 05 2 Q 05 (1) Branch + Advanced Service Post + Banking Service Post Investor Relations 12

Productivity Ratios Loan Portfolio per Point of Service - R$ million 6. 0 5. 9 6. 1 6. 4 6. 6 2 Q 04 3 Q 04 4 Q 04 1 Q 05 2 Q 05 Serv. Rev. per Point of Service - R$ thousand 118 121 132 2 Q 04 3 Q 04 4 Q 04 1 Q 05 2 Q 05 Customers per Point of Service 1, 442 1, 448 1, 459 1, 457 1, 501 2 Q 04 3 Q 04 4 Q 04 1 Q 05 2 Q 05 Investor Relations 13

Productivity Ratios Coverage Ratio ¹ - % YTD 98. 3 98. 4 96. 8 97. 9 2 Q 04 3 Q 04 4 Q 04 1 Q 05 Efficiency Ratio ² - % YTD 56. 6 56. 7 58. 2 56. 1 108. 2 2 Q 05 Efficiency Ratio Change 52. 8 R$ million 2 Q 04 3 Q 04 4 Q 04 (1) Service Revenues / Personnel Expenses (2) Administrative Expenses / Operating Income 1 Q 05 2 Q 05 Investor Relations 14

Income Tax and Social Contribution 37. 7 32. 4 30. 2 17. 3 1, 760 1, 601 3. 9 1, 445 1, 184 1, 083 545 570 483 187 47 2 Q 04 3 Q 04 Pretax Income - R$ million 4 Q 04 1 Q 05 Taxes - R$ million 2 Q 05 Tax Rate - % Investor Relations 15

Investor Relations Division SBS - Quadra 1 - Bloco C - Ed. Sede III - 17° floor 70073 -901 - Brasília (DF) Phone: 55 (61) 310. 5920 Fax: 55 (61) 310. 3735 www. bb. com. br ri@bb. com. br Disclaimer - This presentation contains references and statements, planned synergies, increasing estimates, projections of results and future strategy for Banco do Brasil, it’s Associated and Affiliated Companies and Subsidiaries. Although these references and statements reflect the management’s belief, it also involves imprecision and high difficult risks to be foreseen, consequently, it may conduct to a different result than the one anticipated here. These expectations are highly depended on market conditions, on the Brazilian economic performance, on the sector and the international market. Banco do Brasil is not responsible for bringing up to date any estimate in this presentation. For further information access www. bb. com. br/ri Investor Relations 16