1 UBS Warburg 2001 Global Financial Services Conference New York - April , 2001 Speaker: Israel Vainboim

2 Contents NOTE: Financial information contained in this presentation was converted into U.S. dollars by applying the exchange rate of US$ 1.00 = R$ The 90´s Core Businesses Distribution Network Financial Summary Competitive Positioning The Credit Opportunity Credit Card Insurance Asset Management Internet Concluding Remarks

3 The 90´s - Inflation, Real Interest Rate (1), GDP (1) CDI deflated by IPCA Source: IBGE, ANDIMA Estimates: Unibanco Consultoria Consumer Price Index (IPCA) Real Interest Rate (CDI) GDP (E) ,477 1, % (E)

4 The 90´s - Brazilian Banking System as % of GDP 12% 8% 6%

5 The 90´s - Focus on Revenues 69% 35% 20% 1% 3% Maintained profitability with lower inflation ,244 1, Decreasing float income was offset by rising fee income Search for alternative sources of revenue: Insurance, Credit cards, Asset management, Fee income growth, Retirement plans, Annuities, Structured finance Float Income as % of Net Revenues Unibanco´s Fee Income (R$ MM)

6 The 90´s - Focus on Expenses Cost control and productivity increase Nominal GDPInflation (IGP-DI)UBB´s Expenses

7 5,906 11,546 26,268 36,038 51, Total Assets (R$ MM) CAGR = 24.2% Total Funding (R$ MM) 5,410 12,075 29,703 41,014 60, CAGR = 27.3% 00 The 90´s - Performance Indicators Total Loans (R$ MM) 2,795 5,862 11,758 15, CAGR = 22.5% 21, Shareholder´s Equity (R$ MM) ,154 4, CAGR = 22.1% 5,504 00

8 The 90´s - Performance Indicators Earnings per 1,000 Shares (R$) CAGR = 15.5% Dividends Paid (R$ MM) CAGR = 26.6% Net Income (R$ MM) CAGR = 24.7% 111 1,206 3,137 6,797 8, Market Capitalization (R$ MM) CAGR = 54.3%

9 The 90´s - Satisfaction Tracking Employees Tracking Average Satisfaction & Motivation Ratio Client Tracking 99 00Feb/0198 Overall Satisfaction Ratio (all segments) Internal Suppliers Tracking Overall Satisfaction Ratio Source: Leadership 21

10 The 90´s - Foreign Direct Investment - Inflows 0,0 7,0 14,0 21,0 28,0 35, E US$ BI SOURCE: CENTRAL BANK

11 The 90´s - Brazil’s Economic Environment As of April 18 th, Estimates: Unibanco Consultoria GDP Growth (%) Agriculture Manufacturing Services Inflation (IGP index %) Fiscal Deficit (% of GDP) Trade Balance (US$ Billion) Nominal Interest Rates (SELIC %) Interest Rates in US$ (SELIC %) Real Interest Rates (SELIC/IGP %) Exchange Rate (R$/US$) E

12 Overview of Unibanco As of December 31, 2000 Retail Banking Wholesale Banking InsuranceAsset Management Total premium revenues: R$ 2,016 MM UBB Seguros: R$ 890 MM AIG: R$ 244 MM Retir. Plans: R$ 369 MM Capitalization:R$ 272 MM Trevo ( *) : R$ 241 MM Technical Reserves: R$2,101 MM Assets under management: R$ 20,5 Billion Fees and commissions: R$ 219 MM Loans: R$ 12,389 MM Net income from financial intermediation: R$ 607 MM Fees and commissions: R$ 176 MM Loans: R$ 8,870 MM Net income from financial intermediation: R$ 3,277 MM Fees and commissions: R$ 1,245 MM (*) Pro forma. Contributed R$ 15 MM in the month of Dec/00 Core Businesses

13 1,623 Points of Sale Banco1.net 79,000 clients 818 “30 Hours” Self Service Branches (1) 70 Million Telephone Calls in ,000 Clients with Internet Banking 374,000 Clients with PC Banking 5,165 ATMs (2) Branch Network Remote Bank + = As of December 31, 2000 (1)Includes Bandeirantes; (2)Includes customer service terminals Distribution Network Unibanco 4.0 MM clients Bandeirantes 0.7 MM clients Fininvest 3.0 MM clients 127 branches 101 PABs 5 in-store 16 Fininvest stores 769 branches 499 PABs 58 in-store 48 Fininvest stores

14 In Corporate Legislation In R$ Millions Consolidated Balance Sheet - Assets Available Funds + Interbank Accounts9,1407,3877,480 Marketable Securities12,9328,4145,445 Loans, gross21,25915,58413,812 Non Performing Loans (*) Loan Loss Provision(1,484)(972)(893) Permanent Assets3,3371,6731,617 Other Assets 6,3123,7254,032 Total Assets51,49636,03831,727 Dec/00Dec/99Dec/98 Financial Summary (*) NPLs are not disclosed since March 2000 when new risk adjusted provisioning regulation came into effect

15 In Corporate Legislation In R$ Millions Consolidated Balance Sheet - Liabilities (1) Includes: Funds Obtained in the Open Market, Debentures, Mortgage Notes, Local Borrowings and Onlendings (2) Includes: Trade Finance Lines, Foreign Borrowings, Eurobonds and Commercial Papers. Includes foreign exchange settlement positions Deposits13,3509,2667,542 Local Currency Funding (1) 17,39910,419 9,347 Foreign Currency Funding (2) 9,1417,9067,258 Other Liabilities5,1733,8874,147 Minority Interest Equity5,5044,0022,906 Total Liabilities + Equity51,49636,03831,727 Funds under Management20,46713,42310,175 Dec/00Dec/99Dec/98 Financial Summary

16 Bandeirantes´ and Fininvest´s (50%) loan portfolio amounted to R$ 1.9 billion and R$ 616 million, respectively Excluding these acquisitions the loan portfolio grew 8.8% QoQ and 18.4% YoY 15,811 17,204 21,259 Dec/99Sep/00Dec/00 Financial Summary Loan Growth YoY = 34.5% QoQ = 23.6%

17 December 1999December 2000 Retail Banking 32% Large Corporates 41% 1% Private Credicard &Fininvest 10% Corporate Middle Market 16% Large Corporates Retail Banking Credicard & Fininvest Corporate Middle Market 2% Private Financial Summary R$ 15,811 millionR$ 21,259 million Loan Breakdown 49% 24% 8% 17%

18 Financial Summary In R$ million AAABC D - H 44% 27% 9% 12% 8% 2Q00 3Q004Q00 17,327 44% 28% 10% 8% 17,833 80%82% 81% 41% 30% 10% 9% 22,148 Credit Quality

19 AAABCDE - H Resolution % 25% 27% 15% 33% 83% 80% 76% 80% 71% 63% 50% 74% 70% 0% 20% 40% 60% 80% 100% 91% 90% 87% 89% 95% 89% Unibanco Bradesco ItaúABN*BB Source: Brazilian Central Bank and Company Reports ( * ) ABN as of June, 2000 Financial Summary Credit Quality - Unibanco vs. Peers As of December 31, 2000

20 Financial Summary Demand Deposits2,3921,6861, Savings Deposits3,7062,6882, , Interbank Deposits Time Deposits7,0534,9955, ,0581, Total Deposits13,3509,4689, ,8822,3401,542 In R$ million Deposits/Loans up from 55% to 63% QoQ Deposits/Loans up from 55% to 63% QoQ Deposits Dec/00Sep/00Dec/99 QuarterGrowthBand+Organic % changeQoQ50% FininvestGrowth

21 Financial Summary In R$ million Year %change Quarter %change Dec/99 Sep/00Dec/00 29,703 30,826 34,322 41,014 60, CAGR of 19.4%, CAGR of 19.4%, 103.1% in 4 years Funding Funding in local currency29,64020,97518, %60.0% Funding in foreign currency10,2508,0019, %13.1% Total Funding39,89028,97627, %44.6% Assets under management20,46717,23813, %52.5% Total Customer Funds60,35746,21441, %47.2%

22 In Corporate Legislation In R$ millions Net Interest Income3,5013,3483,090 Provisions for Losses (net of recov.)(859)(870)(705) Service Fee Income1,6401,4491,368 Personnel & Admin. Expenses(3,002)(2,727)(2,771) Others(111)(303)(256) Income Before Tax & Social Contribution1, Tax & Social Contribution(224)(113)(99) Profit Sharing(127)(114)(94) Minority Interest(79)(79)(79) Net Income Financial Summary Consolidated Income Statement

23 Financial Summary Net Financial Margin (*) - % Net Write-off/Total Loan Portfolio - % (*) (Net income from financial intermediation + Provision for loan losses) / (Average total assets - Average permanent assets)

24 Financial Summary In R$ million CAGR of 16.1%, 81.4% in 4 years CAGR of 16.1%, 81.4% in 4 years 4Q003Q00QoQ % YoY % Bandeirantes and Fininvest contributed R$ 25 million in fees in Dec/2000. Bandeirantes and Fininvest contributed R$ 25 million in fees in Dec/ ,244 1,368 1,449 1, Fee Income Tariffs and commissions Credit Cards Asset Management (11.3) Total ,6401,

25 Fees/Personnel Exp.(%) Fees/Total Expenses.(%) Financial Summary Acquisitions of Bandeirantes, Fininvest and Credibanco contributed R$ 90 million to total expenses Other newly consolidated companies (Cibrasec, Serasa and Surinvest) contributed R$ 32 million to total expenses 5.6% increase in expenses YoY excluding these two factors PersonnelAdm. Expenses Personnel and Administrative Expenses ,6822,632 2,771 2,727 1,165 1,107 1,147 1,143 1,053 3,002 1,837 1,575 1,485 1,628 1,674

26 Efficiency Improvement Total Assets - R$ MM Efficiency Ratio (4) - % Cost Asset Ratio - % (1) Excludes non-recurring gains; (2) Excludes assets of Banco Nacional acquisition; (3) Excludes assets of Bandeirantes and 50% of Fininvest; (4) (Personnel expenses + Other administrative expenses) / (Net income from financial intermediation + Provisions for loan losses + Fee income + Insurance, Capitalization and Pension Plans - Taxes + Other operating income - Other operating Expenses) Financial Summary 11,546 13,528 26,268 28,139 31,727 36,038 51,496 22, % 67.0% 57.2% 69.4% 64.9% 60.8% 59.1% (1) 60.0% % 8.2% 9.3% (2) 10.2% 9.4% 8.7% 7.6% 6.3% (3)

27 Investments ( R$ MM ) 35% 65% January 1995 November 2000 Filters (1) Branches (1) Main customer service filters: Phone Banking, “30 Hour” Branches, PC Banking, Drop Box, Internet, Rede Shop 23 million transactions 68 million transactions 69% 31% Efficiency Improvement Financial Summary

28 Strategic Initiatives BancoFininvest - Acquisition of the remaining 50%, from Banco Icatu, of the total capital of Banco Fininvest announced on December, 2000 Telecom Network -Alliance with Portugal Telecom and Bradesco to outsource UBB´s Telecom Network announced on December, 2000 B2B -B2B Alliance with Portugal Telecom and Banco Galicia announced on August, 2000 Banco Bandeirantes CGD -Acquisition of Banco Bandeirantes and alliance with CGD announced on July, 2000, contracted on September, 2000 and concluded on December, 2000 Banco1.net -Spin off of Banco1.net and association with Portugal Telecom, which controls Telesp Celular (4.3 million customers) and which recently announced the acquisition of Global Telecom with 700,000 customers in Paraná and Santa Catarina. In addition, PT controls Zip.net (4.5 million clients). announced on May, 2000 (AIG) - Alliance with the American International Group (AIG) in Insurance and Pension Funds announced on October, 1997 and June, 1998 respectively Banco Nacional - Acquisition of Banco Nacional announced on November, 1995 Competitive Positioning

29 Wholesale Banking Group Retail Banking Group Note: For visual representation. Corporate Banking (Annual Sales > R$ 80 MM) Private Banking (Financial Investment > R$ 1,000,000) Exclusive Client (R$ 1,300 < Monthly income < R$ 4,000) Upper Middle Market (R$ 25 MM < Annual Sales < R$ 80 MM) Lower Middle Market (R$ 10 MM < Annual Sales <R$ 25 MM) R$ 350 R$1,300 Special Client Banco 1 (Virtual Bank) (Monthly Income > R$ 1,000 ) Uni Class (Monthly Income > R$ 4,000 ) Exclusive Client (Annual Sales < R$ 10 MM) Small Businesses INDIVIDUALSCORPORATE Fininvest Clients Retirees Client Segmentation Competitive Positioning

30 10,000 7,500 4,450 3,600 2,500 1, Age Income Source: Brazil IBGE (PNAD/1996) - All sources Young Affluent Affluent Successful Beginner Upper Middle Family Older Up-scale Middle Family Middle Core Young Mass Market Mass Market Younger Lower Older Lower 19.9% from 2.1% to 10.8% Impact of Fininvest Acquisition - Client Base Market Share Competitive Positioning

31 Unibanco branches/CSB/ISB Bandeirantes branches/CSB Fininvest Network Bandeirantes Fininvest Unibanco , , , ,097 # of Clients (in million) Points of Sale Client Base and Distribution Network 0.7 Competitive Positioning

32 Banking Population - Comparative Analysis (1) Population with annual income between US$ 1,650 and US$ 5,000 with no bank account (2) Source: World Bank, Brazilian Geography & Statistics Institute (IBGE), National Statistical Office, Republic of Korea, McKinsey - Mar/98 (3) Unibanco´s estimates Potential Holders (1) Population under 18 yrs. of age or annual income below US$ 1,650/yr Account Holders # of potential holders26 million 46 million # of account holders23 million 42 million Brazil 15 million260 million 45 million152 million177 million 24%26% 29% 76% 74% 70% 0% 1% Holland (2) USA (2) Korea (2) Brazil (2) (1995) (1994) (1995) (1995) E (3) 68% 24% 17% 26% 15 % Competitive Positioning

33 Banking Population Approximately 10 to 15 million new current accounts will be opened over the next three years by lower income population % of EAP 80%79%71% 20% HollandUSAKoreaBrazil Bank customers (million) The necessary Macroeconomic conditions already exist: 3 New Minimum Wage: R$ 180/month 3 GDP growth : 3.5% to 4% in 2001 and Growth of the economically active population (EAP): over 4% p.a. Some 33 million people hold 54 million current accounts Source: Ernst & Young (Sisbacen - June and September 2000) Competitive Positioning

34 Open:66 branches 135 Corporate-site branches 58 In-store branches Gain : 1.8 million customers Investments: R$ 180 million Expense Growth: R$ 200 million Incremental Income : R$ 500 million Organic Growth Plan - 3-year Objectives Competitive Positioning - Continuous Focus on Growth

35 Retail Banking - Organic Growth Intensive use of Database Marketing Segment Average Products per Client Jan/97Dec/99 Dec/00 Uniclass Exclusive Special Total < 1 year clients = 3.5 > 1 year clients = 5.0 Scale = Clients x Transactions Competitive Positioning - Continuous Focus on Growth

36 53% 55% 60% 63% 67% 68% The Credit Opportunity (*) Includes state owned companies Source: FMI, Central Bank of Brazil 25% 67% 142% Brazil*ArgentinaChile*USA % Chilean Banking System Private Sector in 1999 % Loan Volume - as % of GDP

37 Brazil 28% 34% 42% 50% E2005 E2010 E UBB´s Market share (*) 24.9% 15.8% 13.9% CAGR 5.3% 108%266% Accumulated 24.9% (*) Brazilian Banking System The Credit Opportunity Loan Volume - as % of GDP

38 Months Monthly Interest Rates Installments 4 mo12.0%R$ mo8.0%R$ mo4.0%R$ mo2.0%R$ mo1.5%R$ The Credit Opportunity - Term Lengthening Installments on R$ 1,000 loan

39 The Credit Opportunity 20% Average Loan Growth (R$ 31.6 Billion) 18% 12.4% R$ 10.2 billion 5 years BIS RatioROAE Forecast: Potential Leverage in 5 th year BIS16.5% AssetsR$ 51.5 billion LoansR$ 21.3 billion December 2000 Credit as lever for whole spectrum of revenues of a well balanced universal banking franchise Leverage

40 Credit Cards 100% Cartão Unibanco 100% Fininvest 100% Bandeirantes # 1 in Credit Cards in Latin America Subtotal 3,32672, , ,671297,240 2, , ,237 12,781316,408 4,14794,423 Market Share % Transactions R$MM Cards Issued (´000) Market Share % Transactions R$MM Cards Issued (´000) 33% Credicard , ,

41 Credit Card - Brazilian Industry E2001E 2005E 2010E Transaction (R$ billion) Number of Cards (MM) Source: ABECS - Associação Brasileira de Empresa de Cartões Number of Cards Transactions

42 Brazilian Industry - Premiums Written Source: Fenaseg. Insurance In R$ Billion Premiums/GDP - % Brazil2.1 Germany5.0 France7.0 USA9.0

43 R$ million Premiums Written Investment Income Net Income Shareholder´s Equity ROE (% annualized) Ranking5 th(1) 6 th Combined Ratio (%) Extended Combined Ratio (%) (2) Main Statistics - Unibanco Seguros Insurance (1) Including AIG Seguros. (2) Includes non-equity related financial revenues.

44 Main Statistics - Unibanco Seguros + AIG + Trevo Seguradora Insurance (1) Trevo Segutradora consolidated only in the month of Dec/00 (2) Includes non-equity related financial revenues. R$ million2000 (1) 1999 Premiums Written1, Investment Income Net Income Ranking5 th 6 th Combined Ratio (%) Extended Combined Ratio (%) (2)

45 Combined Ratio (%) Unibanco Market Unibanco Market Claims (%) Premiums Written Premiums Written by Segment Unibanco Seguros 31% Auto Life and accidents 27% Health 6% Property 14% 10% 8% 4% Others CTPL Marine cargo 1, , Insurance (Unibanco, AIG, Trevo)Pension Plans 1,454 1,346 1,519 Insurance

46 Brazilian Industry Source: ANBID/Central Bank of Brazil Asset Management % of GDP Mutual Funds US$ Billion 0% 5% 10% 15% 20% 25% % of GDP Cruzado Plan Collor Plan Mexican Crisis Asian Crisis Russian Crisis Devaluation % 2000

47 Focus on distribution in R$ billion 9899 Unibanco Bandeirantes 00 10,175 13,423 20,467 18,697 1,770 Market Share - Mutual Funds % 5% 4% Management fees Lever retail volumes from organic growth and acquisitions Focus on performanceMaintain solid position in institutional/ corporate segment and increase of volumes in Private % 1.88% 1.41% Asset Management Assets under Management

48 Internet - Main Statistics

JanFebMarAprMayJunJulAugSepOctNovDecJanFebMar Home BankingInternet BankingTotal On-Line 658 Internet - Registered On-line Clients On-line Clients (thousand)

50 Internet – 2001 Main Goals Improve Internet Banking for Individuals and launch new site for small corporates Increase in 25% total transactions per access in Internet Banking (Individual) Conclude Cyber-Branches implementation Increase in 20% the number of products sold to our on-line clients Launch the gateway for payments through internet (Clique-Pague) Launch the electronic wallet (Num-Clique) Start B2B transactions (Tradecom) Double the number of active on-line clients

51 1-Bradesco (1) 1.8x 2-Itaú (2) 1.3x 3-Santander Banespa (2) 1.2x 4 - Unibanco (1) 1.0x 5-ABN Real (3) 0.7x 6-Safra (3) 0.4x 7-HSBC Bamerindus (3) 0.4x 8-BBVA Econômico (3) 0.2x 1-Bradesco2.9x 2-Itaú 2.3x 3-Banespa 2.3x 4 - Bamerindus1.6x 5-Unibanco 1.0x 6-Econômico 0.9x 7-Nacional0.8x 8-ABN Real0.7x 1990 Multiple 2000 Multiple (1) As of December,2000 (2) As of September,2000 (3) As of June,2000 Concluding Remarks Competitive Arena - Multiple of Total Assets

52 Concluding Remarks Analysts Recommendations

53 P/BV Note: Prices as of April 17, 2001 and Book Value as of December 31, 2000 Price to Book Value UnibancoBradescoItáu Concluding Remarks

54 Strategic Positioning Positioned to gain share and increase profitability in Retail (including credit card and consumer finance), Wholesale Banking, Insurance and Asset Management Focused on increasing return on capital through well established cost reduction and fee income growth initiatives Focused on proper management of risks: proven track record in credit and well provisioned Clearly defined control and management depth Relevant player in recent and future industry consolidation process Concluding Remarks

55 For more information contact our Investor Relations Area at phone: / 1313 fax: