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Explanatory notes

18. Mathematical Provisions - Benefit Plan Previ Futuro

The above amounts were calculated considering the following Financing Plan:

Previ Futuro is composed of two parts: Part I is structured under a Defined Benefit form, and Part II, under a Variable Contribution one. The mandatory contributions from participants and sponsors are the equal and amount to 7 % of the participation-salary.

Part I (relative to disability and death risks of active participants) had its rate established in 0,61 % of the participant's participation -salary, and with an equal percentage to be credited by the sponsors.

Part II (relative to the benefits programmed under Retirement's Monthly Pension, Anticipated Retirement's Monthly Pension and Monthly Pension due to Death, originated from Benefits from Retirement and from Anticipated Retirement had their rate established in 6,39 % of the participant's participation-salary, and an equal percentage to be credited by the sponsors.

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