1. 4Q06/2006 Results Conference Call Friday, February 16, 2007 Time: 12:00 p.m. (US EST) / 3:00 p.m. (Brasilia Time) Tel: + 1 (973) 935-8893 Code: 8448313 Replay: + 1 (973) 341-3080 Multi-channel Retailer Bricks-and-Mortar E-commerce, TV, Telephone Sales and catalogues Financial Products

2. 2 237 stores at the close of 2006 (372.1 thousand m2 of total sales area) Acquisition of BWU - former BLOCKBUSTER® master-franchisee in Brazil – in January/2007, adding 127 stores to the Company’s stores network, equivalent to 32 thousand m2 2006 Overview In November/2006 was announced the merger proposal between Americanas.com and the e- commerce portal Submarino to form a single company called B2W The integration of B2W’s operations will lead to value creation, giving the Company additional competitive advantages in the dispute with Brazil’s established retail majors. 247 points of sale More than 600 thousand issued cards and financing volume of R$180 million at year-end Bricks-and-Mortar Stores Electronic Commerce Financial Products

3. 3 Strong Operating Growth (2006 x 2005) Same-store net revenue growth of 12.8% Gross Revenue per Associate 25.6% higher EBITDA 38% higher (R$ 455.1 million) and maintenance of EBITDA Margin at 12%. Operating Result 38% higher (R$368.7 million) Consolidated investments in permanent and deferred assets totaled R$ 159.7 million Inauguration of 45 stores – 32 traditional and 13 Express Americanas.com/Shoptime: Gross Revenue grew by 76.7% and EBITDA grew by 85.1%, reaching a 13.4% EBITDA margin. In September/2006, 100% tag along rights were approved for the Company’s common and preferred shares. 2006 Operating Highlights EBITDA R$ MN + 37.5% 455.1 20052006 330.9

4. 4 Consolidated Gross Revenue (R$ mn) 4Q06 4Q05 1,821 1,315 + 38.5% CAGR 02/06: 27.2% 20062002200320042005 5,020 3,640 2,949 2,325 1,918 + 37.9% “ Same Store Sales” Net Revenue Growth 4Q06 / 4Q05: +16.4% Quarterly Accumulated

5. 5 Gross Margin (% of NR) Accumulated 20062002200320042005 30.8 30.3 30.9 30.2 29.5 Quarterly 4Q064Q05 32.6 31.6 + 1.0 p.p.

6. 6 Consolidate Gross Revenue per associate (R$ thousand): 229266309344432 Operating Expenses (% of NR) CAGR 02/06: 17.2% 2006200220032004 2005 + 25.6% 18.8% 18.4% 18.9% 19.0% 20.8% 237105121156193 20062002200320042005 Accumulated Number of Stores

7. 7 EBITDA and EBITDA Margin (R$ MN) 4Q05 205.9 4Q06 152.8 + 34.8% 15.3% 15.1% 4Q06 x 4Q05 – EBITDA grew by 34.8% and EBITDA margin remained at the same level of 4Q05 2006 x 2005 – EBITDA grew by 37.5% and EBITDA margin remained flat when compared to 2005 455.1 330.9 274.7 217.6 142.8 9.1% 11.2% 12.1% 12.0% + 37.5% 20062002200320042005 Quarterly Accumulated

8. 8 Financial Position Gross Debt of R$1.7 billion Cash allocation priorities in the last 12 months:  Consolidated investments in permanent and deferred assets : R$ 159,7 million  Payment of gross dividends: R$ 110 million  Share buy-back: R$ 34.2 million  Buy-back of the stake in Americanas.com: R$ 5.1 million Net Cash of R$ 608.9 million

9. 9 Americanas Taií Focus on increasing credit and financial services offer to Lojas Americanas’ clients, besides facilitating payment terms at bricks-and-mortar stores and Americanas.com 247 points of sale, including 10 own stores. 600 thousand issued cards:  Private Label: 375 thousand  Personal Loan: 223 thousand  Co-Branded Credit Card: 22 thousand Financing volume of R$ 180 million at year-end

10. 10 Americanas.com / Shoptime (pro forma) Gross Revenue vs. EBITDA Acom/Shoptime (R$ mn and % NR) Gross Revenue vs. EBITDA Acom/Shoptime (R$ mn and % NR) Quarterly Accumulated 501.0 30.6 330.6 49.5 4Q054Q06 EBITDA Gross Revenue 51.5% 61.8% +1.2 p.p. 4Q054Q06 13.3% 14.5% 1,528.5 77.0 864.8 142.5 20052006 EBITDA Gross Revenue 76.7 % 85.1% +0.6 p.p. 20052006 12.8% 13.4% “Pro forma” : Americanas.com/Shoptime results from January, 1 to December 31, 2006

11. 11 Share Performance - 2006 67.2% preferred (LAME4) and 26.6% common (LAME3) shares appreciation vs. IBOVESPA’s performance of 32.9% Higher liquidity - LAME4’s annual traded volume jumped by 70% over 2005 LAME4 inclusion in IBRX-50 and IBVX-2 stock indexes LAME3 and LAME4 inclusion in ITAG stock index

12. 12 2007 Priorities Growth of “same-store” sales and operating cash generation through continuous operational improvement; Continued expansion of the bricks-and-mortar store network; Optimization of B2W operations (Americanas.com, Shoptime and Submarino); Adjustment of the assortment in the BLOCKBUSTER® stores, capture of synergies and the offer of new products; Emphasis on associate training and improvement of the IT and logistics structure to help the Company face the challenges posed by its growth trajectory.

13. 13 Statements relating to the prospects of the business, estimates for operating and financial results, and those related to growth prospects of Lojas Americanas, eventually expressed in this release, are merely projections and, as such, are based exclusively on the expectations of Lojas Americanas’ management concerning the future of the business and its continued access to capital to fund the Company’s business plan. Such statements depend, substantially, on changes in market conditions, government regulations, competitive pressures, the performance of the Brazilian economy and the industry, among other factors and are, therefore, subject to change without prior notice.

14. Investor Relations Murilo Corrêa Phone: +55 (21) 2206-6505 / Fax: +55 (21) 2206-6898 e-mail: investidores@lasa.com.br IR website: http://ir.lasa.com.br Multi-channel Retailer Bricks-and-Mortar E-commerce, TV, Telephone Sales and catalogues Financial Products