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    X2                   ,                        N
                                                                                                                                                                                         12
&


    Investors Relations

      Rogério Furtado
      CFO and IR Officer

       Daniel Grozdea
    Finance and IRManager

      www.cr2.com.br/ir
     phone: (21) 3095-4600
            (21) 3031-4600




                             13
Disclaimer

This presentation contains certain statements that are neither reported financial results or other historical information. They
are forward-looking statements.


Because these forward-looking statements are subject to risks and uncertainties, actual future results may differ materially
from those expressed in or implied by the statements. Many of these risks and uncertainties relate to factors that are
beyond CR2’s ability to control or estimate precisely, such as future market conditions, currency fluctuations, the behavior of
other market participants, the actions of governmental regulators, the Company' ability to continue to obtain sufficient
                                                                                    s
financing to meet its liquidity needs; and changes in the political, social and regulatory framework in which the Company
operates or in economic or technological trends or conditions, inflation and consumer confidence, on a global, regional or
national basis.


Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of
this document. CR2 does not undertake any obligation to publicly release any revisions to these forward looking statements
to reflect events or circumstances after the date of this presentation.




                                                                                                                          14

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ApresentaçãO 3 Q09 Cr2

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  • 4. ,& + ; ,& + D F !" # $ / -) *-! 9:- ) -/ )!-* 9-9 @!/ )@!/ :@!/ @! @! )@! 4
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  •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
  • 8. & $ 1 " 2 ' 8 (" 3 " = 2" ! *" 8 (" 3 " = 2" - ", . ! H H 9H W )!" V ):H ) "4 )9!" !H )9 " 4 9!!" *)H 5 ( , * > " ! , 8
  • 9. ' 5 > $4 , ( *!# )0 * " 8 (+ N !!! N * * N /!! N !! N :!! N )9) N/ N !! N !!! //) / : /!! /9H !! /9H **H :!! / H !! H 4 )@! :@! . ! . ! ! & $ 9
  • 10. A . %, %, )@! ?' " , ) / + @ . ) / +A @ . 3", /!N !!! *9N ) :N !!! -/H :-!H * N/)* N !!! -!H *!N !!! !N !!! -:H !-!H !N !!! /N !!! N ) ) /-!H N !!! )N -!H 9!N !!! :N !!! :-!H :!N !!! N !!! -!H !N !!! !-!H )!N !!! /N !!! /-!H !N !!! N !!! -!H :N !!! :-!H !N !!! N !!! -!H 4 4 !-!H @! )@! @! )@! 98 - ) / 1 +A 98 - 3 " , 1 . ) / +A . 3", N !!! !-/H -!H *N !!! *-!H !N !!! -*H !-!H -*H N !!! -!H N !!! -!H *N*/ 9N!!9 /N !!! *N /: /-!H 9N !!! :- H 9-!H *N !!! *-!H N !!! -!H :N !!! )N99 :-!H 9N !!! 9-!H )N !!! )-!H :N !!! :-!H )N !!! )-!H N !!! -!H N !!! -!H N !!! -!H N !!! -!H 4 !-!H 4 !-!H @! )@! @! )@! 10
  • 11. # % )@! # % : # % D -9H % F ( # , # :/9 )@! - +, , / , 4 " ! , B )/ + & # % )N * 9)N ) /:N *: ) N !*: V # % 9*N : / * N : )N ! ! N ! ) ' # % N ) ! * N * N *)! !:N : * 1 % # % -9H )!-)H ) - H ))-*H 11
  •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
  • 13. & Investors Relations Rogério Furtado CFO and IR Officer Daniel Grozdea Finance and IRManager www.cr2.com.br/ir phone: (21) 3095-4600 (21) 3031-4600 13
  • 14. Disclaimer This presentation contains certain statements that are neither reported financial results or other historical information. They are forward-looking statements. Because these forward-looking statements are subject to risks and uncertainties, actual future results may differ materially from those expressed in or implied by the statements. Many of these risks and uncertainties relate to factors that are beyond CR2’s ability to control or estimate precisely, such as future market conditions, currency fluctuations, the behavior of other market participants, the actions of governmental regulators, the Company' ability to continue to obtain sufficient s financing to meet its liquidity needs; and changes in the political, social and regulatory framework in which the Company operates or in economic or technological trends or conditions, inflation and consumer confidence, on a global, regional or national basis. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this document. CR2 does not undertake any obligation to publicly release any revisions to these forward looking statements to reflect events or circumstances after the date of this presentation. 14