1. Itaucred 1 Conference Call of the Results of the 3rd Quarter/2007 November 07, 2007

2. 2 Highlights 2. The loan portfolio grew 8.8% in the quarter and 26.9% in the last 12 months: Credit Cards: 6.8% in the 3rd Qtr/07 and 18.7% in the last 12 months; Vehicles: 14.7% in the 3rd Qtr/07 and 62.1% in the last 12 months; Small and Mid-Sized Companies: 9.8% in the 3rd Qtr/07 and 26.4% in the last 12 months. 1.Results: 3rd Qtr/07: Net Income of R$ 2,428 million an increase of 14.8% compared to 2nd Qtr./07; annualized ROE of 35.6% (Net Income of R$ 6,444 million for the nine months ended in Sep 30, 2007; annualized ROE of 33.3%); 3rd Qtr/07: Recurring Net Income of R$ 1,569 million, an 18.2% decrease; annualized ROE of 23.0% (Recurring Net Income of R$ 5,389 million for the nine months ended in Sep 30, 2007; annualized ROE of 27.9%). 4. Non-Recurring Events: The sell of part of our shareholding in Redecard resulted in a positive impact of R$ 1.0 billion, after taxes, in the 3rd Qtr/07. 5. Nonperforming Loans Ratio: Nonperforming loans ratio of 4.7%, representing a reduction compared to the prior quarter. 6. BIS Ratio: BIS ratio of 15.3%. Considering BACEN Circular Letter 3,367, which will be effective as from 4th Quarter of 2007, the BIS ratio in September 30, 2007 would be 18.5%. 3. Managerial Financial Margin: The treasury performance under the highly volatility scenario prevalent in the period resulted in a loss of R$ 64 million (R$ 40 million, after taxes) in the quarter.

3. 3 Current Account Opening Units

4. 4 Non Recurring Effects 1 1 For further details, please consult Itaú Holding’s Management Discussion and Analysis report – page 4. R$ Million 3rd Q./072nd Q./07 Jan – Sep./07 Jan – Sep./06 Net Income 2,428 2,115 6,444 3,029 Non Recurring Effects (859) (196) (1,055) 1,539 Managerial Financial Margin - 124 (645) Result from Loan Losses - 400 149 Non-interest Expenses 303 96 398 118 Tax Expenses for ISS, PIS and Cofins - - - 16 Non-operating Results (1,552) (850) (2,402) (46) Effects of BkB acquisition - - - 1,909 Minority Interests (24) (77) (101) (48) Tax effects on non-recurring effects 415 111 526 85 Recurring Net Income 1,569 1,919 5,389 4,568

5. 5 Highlights 3rd Q/072nd Q/07Variance Jan – Sep./07 Jan – Sep./06 Variance Net Income 2,428 2,11514.8% 6,444 3,029112.7% Recurring Net Income 1,569 1,919-18.2% 5,389 4,56818.0% Recurring Net Income per share (R$) 1.31 1.60-18.2% 4.49 4.0710.4% Stockholders’ Equity 28,003 26,5465.5% 28,003 21,69329.1% Recurring ROE (Average Equity) annualized (%) 23.0%29.8 %-6.8b.p.27.9%34.1%-6.2b.p. Market Capitalization 110,747 103,2197.3% 110,747 76,45344.9% Solvency Ratio (%)15.3%17.6%-230b.p.15.3%16.8%-150b.p. Efficiency Ratio (%) (*)47.1%45.8%130b.p.45.6%47.5%-190b.p. Nonperforming Loans Ratio (%)4.7%5.1%-40b.p.4.7%5.2%-50b.p. R$ Million (*) If Treasury had performed in this quarter like the average of the last quarters - R$ 200 million – the efficiency ratio would be 45.2%.

6. 6 Itaú Holding Pro Forma 3rd Q/072nd Q/07Variance Jan – Sep./07 Jan – Sep./06 Variance Managerial Financial Margin 4,825 5,250-8.1% 15,059 12,21123.3% Banking Operations 4,635 4,4175.0% 13,421 11,16320.0% Treasury (1) (64) 571-111.2% 875 62739.5% Management of Foreign Exchange Risk from Investments Abroad 253 262-3.3% 763 42081.5% Banking Service Fees 2,529 2,550-0.8% 7,500 6,64112.9% Managerial Financial Margin plus Banking Service Fees 7,354 7,800-5.7% 22,559 18,85219.7% Result of Loan Losses (2) (1,330) (1,217)9.3% (3,813) (3,827)-0.4% Non Interest Expenses (3) (3,447) (3,524)-2.2% (10,251) (8,975)14.2% Recurring Net Income 1,569 1,919-18.2% 5,389 4,56818.0% R$ Million (1)It does not include the result of R$ 88 million which would be recognized if the liabilities were marked-to-market. (2)Credit transactions increased 8.8% in the quarter. (3)Include the effects of R$ 51 million of Collective Labor Agreement.

7. 7 Net Interest Margin (NIM) x SELIC

8. 8 Loans by Type of Customer Sep 30,07Jun 30, 07Dec 31, 06Sep 30,06 Variance sep/07- jun/07 Variance sep/07- dec/06 Variance sep/07- sep/06 Individuals 49,174 45,03540,358 37,4639.2%21.8%31.3% Credit Cards 9,466 8,8679,188 7,9766.8%3.0%18.7% Personal Credit 14,149 13,88613,156 13,7211.9%7.6%3.1% Vehicles 25,558 22,28218,014 15,76614.7%41.9%62.1% Company Loans 50,880 46,88546,552 45,8258.5%9.3%11.0% Corporate 31,247 28,98230,312 30,2947.8%3.1% Small and Medium Sized 19,633 17,90316,240 15,5329.8%20.9%26.4% Mandatory Credit 1 5,853 5,7115,896 5,7402.5%-0.7%2.0% Argentina, Chile and Uruguay 8,164 7,190842 84113.6%869.9%871.1% Total Loans 114,071 104,82193,648 89,8698.8%21.8%26.9% 1 Rural and Mortgage Loans – linked with the balances of Demand and Savings Deposits, respectively. R$ Million

9. 9 Loans by Type of Customer CAGR = 28.5% CAGR = 17.5% CAGR = 43.2% R$ Million

10. 10 Nonperforming Loans and Coverage Ratios Nonperforming Loans RatioCoverage Ratio (*) NPL Ratio NPL Ratio- Individuals NPL Ratio- Companies (*) Provision for loan losses / Credits overdue for more than 60 days, which are not accrued. 1.7% 2.3% 2.1% 2.2% 4.7% 5.1% 5.0% 5.2% 5.3% 7.3% 7.5% 7.8% 8.1% 8.3% Sep/06Dec/06Mar/07Jun/07Sep/07

11. 11 Nonperforming Loans (NPL) by Segment Sep 30, 07 Jun 30, 07Mar 31, 07 NPL Credit Portfolio NPL Ratio NPL Ratio Itaubanco 2,553 42,1626.1%6.5%6.8% Banking 2,264 37,0056.1%6.6%6.9% Credit Cards – Account Holders 289 5,1575.6%5.8%5.7% Itaú BBA 16 26,0240.1%0.3%0.1% Itaucred 2,301 35,6476.5%6.4%6.1% Vehicles 1,572 27,5715.7%5.4%5.1% Credit Cards – Non Account Holders 241 3,8276.3%7.0%6.5% Taií – FIT/FIC/FAI 4751,79626.5%24.4%28.7% Taií – Payroll Credit 132,4530.5%0.7%0.5% Total 4,870 103,8324.7%5.1%5.0% R$ Million

12. 12 Funding Sep 30, 07Jun 30, 07Sep 30,06 Variance (%) Sep./07- Jun./07 Sep./07- Sep./06 Deposits 1 109,442105,05580,9494.2%35.2% Investment Funds181,469180,121166,8220.7%8.8% Managed Portfolios 2 23,87321,00810,04413.6%137.7% Technical Provisions Regarding to Insurance, Pension Plans and Capitalization 22,46621,51017,5344.4%28.1% Subtotal – Clients337,250327,694275,3482.9%22.5% Funds from Acceptances and Securities Issued7,3277,8997,568-7.2%-3.2% On-lendings5,6845,4435,4964.4%3.4% Repurchase Agreement – Third Part Portfolio19,2509,8605,47795.2%251.5% Subtotal - Market32,26123,20218,54139.0%74.0% Total369,511350,896293,8905.3%25.7% R$ Million 1 Includes Repurchase Agreement – Own Issue Securities. 2 On Jun 30, 07, includes the acquisition of two companies from Bank of America: BankBoston International (Miami) and Bank of America Trust Company Ltd (Bahamas).

13. 13 Funding R$ Million CAGR = 28.1% CAGR = 25.1% CAGR = 28.4% Total

14. 14 Banking Service Fees 3rd Q/072nd Q/07Variance Jan – Sep./07 Jan – Sep./06 Variance Asset Management 1 521 5043.5% 1,508 1,5040.3% Current Account Services 373 406-8.4% 1,184 1,1393.9% Credit Cards 581 5564.5% 1,682 1,43317.4% Loan Operations and Guarantees Provided 580 5456.4% 1,622 1,20334.8% Collection Services 237 2293.3% 688 6594.4% Other 238 2322.2% 649 45243.5% Subtotal 2,529 2,4722.3% 7,333 6,39014.8% Redecard Banking Service Fees 2 - 35- 67 94-29.0% Serasa Banking Service Fees 3 - 42- 100 157-36.0% Total 2,529 2,550-0.8% 7,500 6,64112.9% R$ Million 1 Funds and Consortia Management Fees 2 We adjusted Redecard Banking Service Fees to reflect the participation change from 31.9% to 23.2% that occurred in July, 2007. Thus, the amount of R$ 35 million corresponds to the reduction of 870 b.p. in the 2 nd Q./07. 3 Serasa results started to be recognized under the equity method of accounting.

15. 15 Non Interest Expenses 1 3rd Q/072nd Q/07Variance Jan – Sep./07 Jan – Sep./06 Variance Personnel Expenses (1,375) (1,341)2.6% (3,968) (3,574)11.0% Other Administrative Expenses (1,570) (1,624)-3.3% (4,734) (4,153)14.0% Other Operating Expenses (388) (460)-15.7% (1,225) (973)25.9% Tax Expenses (CPMF and Others) 2 (114) (100)13.9% (325) (275)18.2% Total (3,447) (3,524)-2.2% (10,251) (8,975)14.2% 1 Includes the effect of R$ 51 million due to Collective Labor Agreement 2 It does not include PIS, Cofins and ISS R$ Million

16. 16 Financial Instruments – Market Value Unrealized Profits /(Losses) 1 At the Stockholders’ Equity Sep 30, 07Jun 30, 07Sep 30,06 Interbank deposits 19 32 18 Securities and derivative financial instruments 210 220 153 Loan, lease and other credit operations 223 293 80 Redecard Participation 5,188 - - Serasa Participation 352 - - Investment in BPI 1,401 1,584 1,526 Parent company 826 934 899 Minority stockholders 575 650 626 Securitization of foreign payment orders (18) (13) (5) Subordinated debt (64) (134) 21 Other liabilities 957 801 473 Total unrealized 8,268 2,782 2,265 R$ Million 1 It does not consider corresponding tax effects.

17. 17 Segmentation (Pro forma) ItaucredItaubanco Banking Credit Cards – Account Holders Insurance, Capitalization and Pension Plans Investment Funds and Managed Portfolio Corporation Itaú Itaú BBA Corporate Operations & Investment Banking Vehicles Credit Card – Non Account Holders Taií: FIT, FIC (CBD), FAI (LASA) and Payroll Credit NB: The organization chart of Itaucred segment reflects, chiefly, the transactions carried out through channels intended for non current account holders.

18. 18 Highlights of Pro Forma Segments ItaubancoItaú BBAItaucredCorporation Itaú 1 3rd Quarter of 2007 Recurring Net Income 833 321 333 83 1,569 Allocated Capital Tier I 14,106 6,442 3,315 4,140 28,003 RAROC in the Quarter (% p.y.)25.1%21.6%40.2%7.0%23.0% Total Assets 245,703 105,852 35,125 8,113 298,484 2nd Quarter of 2007 Recurring Net Income 1,255 302 310 52 1,919 Allocated Capital Tier I 12,454 5,425 3,313 5,354 26,546 RAROC in the Quarter (% p.y.)40.8%23.8%39.6%3.9%29.8% Total Assets 207,752 85,110 30,951 9,966 255,418 R$ Million 1 It does not represent the sum of the parts, because there are transactions between the segments eliminated in the consolidated figures only.

19. 19 Net Income Recurring Net Income R$ Million

20. 20 APIMEC Meetings 2007 Itaúsa and Banco Itaú Holding Financeira  From 11:00 am to 1:30 pm – Presentations of Itaúsa and Subsidiaries Investor Relations Officers;  From 3:00 pm to 6:00 pm – Presentation of Banco Itaú Holding Financeira CEO and Executives Directors. More information on: www.itausa.com.br and www.itauir.com Date: December 5th, 2007 – Wednesday Where: Buffet Rosa Rosarum - São Paulo RSVP: 0800 722 8880

21. Itaucred 21 Conference Call of the Results of the 3rd Quarter/2007 November 07, 2007