KPMG International

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KPMG International Cooperative (KPMG International) is a Swiss entity – a corporate firm constituted in accordance with the Law from Switzerland – operating in 151 nations on all continents through a global network of independent firms, which, together, employ approximately 145 thousand professions, providing Audit, Tax and Advisory services for a wide variety of companies from the private and public sectors. KPMG in Brazil is a member firm
of KPMG International.

Each member firm is an independent legal entity, that is separate and describes itself as such, responsible for providing services to clients, and with the right to use the KPMG name and brands. KPMG International's activities are exclusively for the general benefit of the network of independent member firms, such as the protection and strengthening of the KPMG brand, promoting and maintaining the uniformity of our policies and standards and therefore, does not provide client services.

The intention of this structure is to provide a consistent global strategy for KPMG International and adherence to our values throughout the world, and, through the exchange of experience and knowledge, provide the same quality and technical accuracy in the services provided to all clients and markets, winning respect and success.

Global presence

During 2011, there was a significant growth in the
Audit, Tax and Advisory practices for the KPMG International firm members. The growth occurred
in all the geographical regions where we operate,
with average gains of 16.6% in Asia-Pacific, 10.7%
in the Americas and 7.7% in Europe, Middle East,
Africa and India. However, the highest growth was registered in the emerging markets, such as India
and Brazil, which increased by 29%. Forecast
growth for KPMG in Brazil in 2012 is 37%.

KPMG in Brazil

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In Brazil we are a network of independent entities, and the organization's main establishments are located in São Paulo. They operate in 21 cities and 12 States and the Federal District. Within our 25 offices we employee about 4,000 people who are committed to the Organization's global values and who, through their work, comply with the regulations and quality Standards determined nationally and internationally.

To maintain this governance, as a network of independent entities under local ownership and management, and member firms of KPMG International, we focus on maintaining a solid structure and a multi-disciplinary high performance team, that helps to simplify the complexity of the daily business of our clients and offer clear and innovative solutions in the most varied of business segments.

KPMG in Brazil stands out for its leadership amongst its peers in Latin America and actively contributes to define strategies and create global knowledge. The Chairman of KPMG in Brazil, Pedro Melo, is one of the 25 members of the Global Board of Directors, one of the three main governance bodies from KPMG International, and is the only representative from South America in this group.

Our team is also recognized for its centers of excellence, international forums to exchange experiences and knowledge and is a pole for disseminating good practices.

We rely on a network of international knowledge that enables us to share global methodologies perfected to meet the needs of the communities in which we operate, aimed at business sustainability.

At September 30, 2011, we had attended 3,602 clients throughout Brazil, divided between private companies, government bodies and non for profit organizations.

Source: Securities Commission, list of companies in operational or pre-operational phase – Auditors December /2011

Source: Magazine: Exame Biggest and Bet 2011 – Auditors December/2011

¹ This information refers to the periods January to December 2011.