Investor Relations | 1 Investor Relations Consolidated Earnings 3 rd Quarter 2006 November 10 th, 2006 Unibanco and Unibanco Holdings, S.A.

Investor Relations | 2 Annualized ROAE (%)Stockholders’ Equity (R$ Bln) Performance 9.8 2Q Q053Q (1) 3Q06 9M05 9M06 9M04 R$ Millions % 16.4% 23.1% Net Income (1) Operating Income 24.7% 23.3% 17.8% 24.8% + 19%  3Q06/3Q05 3Q M06 1,634 2, % + 21%  9M06/9M (1) (1) Before the extraordinary event

Investor Relations | 3 Interest on Capital Stock/Dividends of 2006 will disregard the extraordinary effect of the goodwill amortization Goodwill Amortization 5 years 10 years Goodwill amortization period: Before Extraordinary Event Extraordinary Result After Extraordinary Event R$460 million accounted as an Extraordinary Result 3Q (460) ,070 (460) 9,610 9M06 ROAE 9M % 16.9% 1,634 (460) 1,174 Stockholders´ Equity Net Income R$ Millions

Investor Relations | 4 1, Former Criteria - 10 years New Criteria - 5 years Goodwill Balance Sep-06 Goodwill Balance Sep-06 Amortization Goodwill Amortization Expenses R$(464) million - Impact in net income due to reduction in the goodwill amortization period from 10 to 5 years. R$ Millions (46)(176)(169)(113)(76)(18) 4Q (37) 2012 to Q to 2016 (156)(167)(171)(175) (86)(270) The R$(464) million does not consider the goodwill amortization related to the 3Q06. Therefore, the net income of R$566 million was impacted by a goodwill amortization expense of R$ 33 million related to this quarter.

Investor Relations | 5 Extraordinary Result in 3Q06 Net Income before the extraordinary event566 Extraordinary Result in the Period (460) Extraordinary Goodwill Amortization(464) Fiscal Effect of Goodwill Amortization158 Additional Provision for Loan Losses (net of taxes)(50) Provision for Fiscal and Labor Contingencies (net of taxes)(108) Minority Interest4 Net Income after the extraordinary event106 Extraordinary Result R$ Millions

Investor Relations | 6 Destaques Loan Portfolio  Improvement of loan portfolio quality  3.3% growth in the quarter  Up 17.5% in 12 months. Highlight: 30.2% growth in credit card portfolio Assets  Unibanco total assets surpassed the mark of R$100 billion in 3Q06  Reduction of 13.3%, 3Q06 versus 2Q06 Provision for loan losses Results  23% net income growth, 9M06 versus 9M05 (21% growth in operating income)  Financial Margin (before provisions for loan losses) grew to 10.4% in 9M06, vis- a-vis 10.0% in 9M05 – despite declining interest rates Highlights

Investor Relations | 7 Highlights Units UBBR11 Efficiency  15% gain in 3Q06, while the Ibovespa stayed flat  Larger weighting in the Ibovespa index: 1.935% (0.984% in May, 2005)  Efficiency ratio of 48.5% in 9M06, a 400 b.p. improvement over 9M05 (52.5%)  0.7% variation in personnel expenses, 3Q06 versus 2Q06 Insurance  Technical Reserves: R$7.9 billion in September 2006, compared to R$6.7 billion in September 2005  94.5% combined ratio in 9M06, from 99.3% in 9M05  50.3% loss ratio in 9M06, from 53.7% in 9M05

Investor Relations | 8 Financial Indicators Profit from Financial Intermediation Total Assets Loan Portfolio Earnings per Unit (R$) Sep-05Dec-05Mar-06Jun-06Sep-05Dec-05Mar-06Jun-06 Sep-06 3Q054Q051Q062Q063Q063Q054Q051Q062Q063Q ,481 2,141 2,262 2,357 2,392 88,585 91,831 93,770 98, ,999 36,872 39,875 39,684 41,929 43,323 R$ Millions

Investor Relations | 9 Income Statement 3Q062Q063Q059M069M05 Profit from Financial Intermediation after Provisions for Loan Losses (+) Fees from Services Rendered (-) Personnel & Administrative Expenses (+/-) Other Operating Income / Expenses (=) Operating Income (+/-) Non-Operating Income (+/-) Income Tax and Social Contribution (Effective Income Tax Rate) (-) Profit Sharing / Minority Interest Net Income (1) 1,7241, (1,373) (1,324) 4,742 2,381 (3,744) (1) Before the extraordinay event of goodwill amortization. (383)(398) (1) (159) (170) (163) (117) %25% (1,217) 2, (465) (383) 1,6341,329 24% R$ Millions 1, (1,458) (447) 906 (27) (155) (158) 21% 5,341 2,673 (4,186) (1,219) 2,609 (29) (461) (485) 21%

Investor Relations | 10 9M069M05 Performance – 9M06 versus 9M05 Fee Income Core Deposits Loan Portfolio Financial Margin before Provision Provision for Loan Losses Adm. ExpensesOperating Income Net Income 9M05 =

Investor Relations | 11 Financial Margin Provision for Loan Losses/ Financial Margin 3Q052Q063Q069M059M06 Post Provision Financial Margin Financial Margin 23.5% 27.9% 23.3%20.8% 26.1% 10.6% 10.7% 10.4% 10.0% 7.9% 8.1% 7.6% 8.1% 7.6%

Investor Relations | 12 Provisions for Loan Losses / Financial Margin 3Q054Q051Q062Q063Q % 23.5% 29.0% 27.2% 27.9% -20 b.p.

Investor Relations | 13 Loan Portfolio Growth Jun-06Sep-06Sep-05 17,995 Retail Wholesale 17.5% 3.3% 1.7% 36,872 41,929 43, % 23,934 17,995 24,338 21,193 18,985 15,679 R$ Millions

Investor Relations | 14 Loan Portfolio Growth – Individuals and Corporate Corporate Individuals Sep-05Jun-06 Sep-06 Main Highligths  Quarter Year Sep-05Jun-06 Sep-06 R$ Millions Branch Network Credit Cards Car Loans Consumer Finance Companies SMEs Large Corporate 2.1% 14,434 16,048 16, % 20.1% 22, % 25,881 26, % -18.1% 5.2% 0.9% 5.5% 4.4% 2.6% -41.7% 30.2% 17.7% 21.1% 20.4% 5.3%11.9% Motorcycle Financing

Investor Relations | 15 Credit Cards Jun-04Dec-04Jun-05Dec-05Jun-06 Total Cards 9.7 Credit Cards Private Label Cards 30.0 Sep-06 In millions of cards

Investor Relations | % 109% 112% Coverage Sep-05Jun-06Sep-06 E-H Portfolio D-H Portfolio 87% 81% 66% Sep-05Jun-06Sep-06 Loan Portfolio, by risk level 93.1%93.3% Sep-05 Jun-06Sep-06 AA-C 92.7% 6.7% D-H 7.3%6.9% Loan Portfolio Quality

Investor Relations | 17 Sep-05Jun-06Sep % Additional Allowance for Loan Losses +8.9% R$ Millions

Investor Relations | 18 Loan Portfolio Coverage Sep-06Jun-06Sep-05 Allowance for Loan Losses / Loan Portfolio Consumer Finance Companies Credit Cards Commercial Bank - Individuals Auto Financing SMEs Retail Wholesale Unibanco Consolidated 12.4% 9.8% 9.4% 4.6% 6.6% 7.9% 3.4% 5.8% 11.0% 8.5% 8.8% 4.8% 5.7% 7.2% 3.6% 5.6% 10.0% 5.2% 8.1% 3.3% 4.2% 5.6% 3.9% 4.9%

Investor Relations | 19 Deposits and Assets under Management Sep-06Jun-06Sep-05 Demand Deposits Savings Deposits Core Time Deposits Core Deposits Time Deposits Assets Under Management (B) Total Deposits + Debentures + AUM (A+B) Total Deposits + Debentures (A) Debentures Core Deposits / Total Deposits 4,4054,4693,505 5,1875,5585,524 4,2014,6482,628 13,79314,67511,657 24,98422,09622,897 84,92386,28072,937 5,065 7,0342,683 43,84243,80537,237 41,08142,47535,700 40% 36%34% R$ Millions

Investor Relations | 20 Core Deposits Growth Core Deposits (1)Source: Brazilian Central Bank, preliminary data Brazilian Financial System (1) Core Deposits Evolution Sep 06 vs Sep 05 Core Time Deposits Sep 06 vs Jun 06 R$ Millions Sep-04Sep-05Sep-06 Sep 06 vs Sep 04 Brazilian Financial SystemUnibanco CreditCore DepositsCore/Credit 25.9% 10.8% 6.4% 4.5% 1,030 2,628 4, % 18.5% Mar-06Dec-05Jun-06Sep-06 Dec-05= % 34% Mar-06Dec-05Jun-06Sep % 38%

Investor Relations | 21 Personnel and Administrative Expenses 2Q063Q053Q069M059M06 Personnel Expenses548 Other Administrative Expenses910 Total 1, , ,373 1,634 2,552 4,186 1,431 2,313 3,744 3Q06/2Q063Q06/3Q059M06/9M05 Total Accounting reclassification in Redecard´s operations Subtotal Organic growth Others Variations R$ Millions

Investor Relations | 22 Efficiency Ratio Efficiency Ratio Evolution RevenuesEfficiency RatioExpenses 47.5% 51.4% 61.2% 3Q043Q052Q % 3Q06 2,136 2,576 2,891 1,308 1,324 1,373 2,930 1,458 7,125 3,744 8,636 4,186 9M059M % 48.5% R$ Millions

Investor Relations | 23 Insurance and Private Pension Plans 3Q052Q063Q06 3Q052Q063Q06 Sep-05Jun-06Sep-06 Technical ReservesPremiums Earned Combined Ratio Extended Combined Ratio Private Pension Plans Insurance 3Q052Q063Q % 94.0% 99.5% 87.1% 85.7% 86.3% % 4,975 5,864 6,027 1,703 1,729 1,829 6,678 7,856 7, % R$ Millions

Investor Relations | 24 Traditional Products  Private label and co-branded Ipiranga credit cards New Products  Personal credit  Consumer credit  Insurance Place and Target Markets  4,200 service centers  Retail consumer network  Retailers Partnerships – Unibanco and Ipiranga

Investor Relations | 25 Partnerships – Unibanco and VR  Cartão Smart VR Refeição (Smart VR Meal Card)  Cartão Smart VR Alimentação (Smart VR Supermarket Card)  Cartão Smart VR Auto (Smart VR Auto Card)  VR Delivery  VR Boas Compras (VR Shopping)  Posto de Benefícios (Benefit Store)  Payroll Loan Credit Card  Credit Card Receivable Account  Group Life Insurance  Payroll  Payroll Loans  Overdraft Facilities  Tarifa Zero (No Fees)  Pension Plans  Credit Lines

Investor Relations | 26  Development of a Joint Venture in the segment of payroll loan segment  Establishment of a financial company to operate as a partnership, combining Unibanco’s scale, products and services with Banco Cruzeiro do Sul’s expertise in managing alternative distribution channels  Operating agreement to grant funding to Banco Cruzeiro do Sul Partnerships – Unibanco and Banco Cruzeiro do Sul

Investor Relations | 27 Save the date Presence of Unibanco´s main executives Date: November 23 rd, 2006 Time: 3:30 p.m. Location: Hotel Unique – Av. Brigadeiro Luis Antonio, 4,700 APIMEC Public Analyst Meeting

Investor Relations | 28 Investor Relations phone: fax: site: This presentation contains forward-looking statements regarding Unibanco, its subsidiaries and affiliates - anticipated synergies, growth plans, projected results and future strategies. Although these forward-looking statements reflect management’s good faith beliefs, they involve known and unknown risks and uncertainties that may cause the Company’s actual results or outcomes to be materially different from those anticipated and discussed herein. These risks and uncertainties include, but are not limited to. our ability to realize the amount of the projected synergies and the timetable projected, as well as economic. Competitive, governmental and technological factors affecting Unibanco’s operations, Junkets, products and prices, and other factors detailed in Unibanco’s filings with the Securities and Exchange Commission which readers are urged to read carefully in assessing the forward-looking statements contained herein. Unibanco undertakes no duty to update any of the projections contained herein.