This event is organised with the kind support of:

1. ENHANCING BUSINESS AND INVESTMENT OPPORTUNITIES BETWEEN BRAZIL AND LUXEMBOURGRIO DE JANEIRO, OCTOBER 18, 2012 This event is organised with the kind support of:

2. WELCOME ADDRESS Paulo Oliveira CEO, BRAIN

3. LUXEMBOURG: IDEAL PARTNER TO EXPAND THE INTERNATIONAL BUSINESS OF Brazilian COMPANIES Carlo Thelen Member ofthe Managing Board, Luxembourg Chamberof Commerce

4. Luxembourg, A GLOBAL Hub for financial services Fernand Grulms CEO, Luxembourg forFinance

5. LUXEMBOURG, INTERNATIONAL SERVICE PROVIDER FOR BRAZILIAN ENTREPRENEURS Introduction: Carlo Thill, ViceChairman, The Luxembourg Bankers‘ Asssociation Moderator: Franciso da Cunha,Director, DeloitteTax & Consulting Experts: José Da Silva, Head ofLatin American Markets, BGL BNP Paribas Guilherme Bezerril, Head ofLatin American, SGG Jean-Philippe Leroy Managing Director, Bradesco Europa SA Testimonial: Carlo Panunzi, Vice Chairman ofthe Board ofArcelorMittal Brasil

6. Luxembourg, international service provider for Brazilian entrepreneurs

7. SETTING UP A LUXEMBOURG HEADQUARTER – IT WORKS! • Jean-Philippe Leroy, ManagingDirector, Bradesco Europa SA • Jose Da Silva, Head of Latin American Markets, BGL BNP Paribas • Guilherme Bezerril, Head of Latin America, SGG • Carlo Panunzi, Vice Chairman ofthe Board ofArcelorMittal Brasil

8. 40% of European economic added value is situated whithin a 500 km radius. (70% whithin 700km) Frankfurt 30 mins Amsterdam 350 km London 45 mins Berlin 1,5h Brussels 200 km Vienna 1h Prague 1,5h Paris 2h Zurich 1h Milano 1,5h Lisbon 2h Madrid 2h

9. WHY BRAZIL IS GOOD FOR LUXEMBOURG • Internationalisation ambitions of Brazilian entrepreneurs • Growth fundamentals Brazilian economy • Luxembourg exports to Brazil • A priority for Luxembourg • Investments in servicing capacity of Luxembourg Private Banks to Brazilian entrepreneurs • Source of inspiration and strength • Intercultural fit! - Multicultural and multilingual services

10. WHY LUXEMBOURG IS GOOD FOR BRAZIL • Ideal hub and gateway for investing in and via Europe • Growing number of multinationals with European HQs in Luxembourg • Strong ties with Brazil - 2nd FDI partner • Safe place for investors • Stock Exchange specialized in international bond listings • International financial centre specialized in cross-border activities • Intellectual Property friendly • EU market = 500 M consumers • Intercultural fit! - Multicultural and multilingual services

11. WHY LUXEMBOURG IS GOOD FOR BRAZIL Growing importance of Latin American Investments in Luxembourg … Specialized in serving the mostsophisticated clients … PB LUXEMBOURG GROWTH MARKETS

12. BUSINESS SERVICE PLATFORM

13. SERVICE OFFERING TO ENTREPRENEURS AND THEIR FAMILIES Family office Tax/ retirement Succession planning Estate Planning Wealth & corporatestructuring Art & collectibles Property & Real EstatePhilanthropy PrivateEquity Microfinance / SRIs / Islamic Finance Cash management Trade Finance Corporate / InvestmentBanking Wealth Management Wealth Management Family office Tax/ retirement Succession planning Estate Planning Wealth & corporatestructuring Art & collectibles Property & Real EstatePhilanthropy PrivateEquity Microfinance / SRIs / Islamic Finance Cash management Trade Finance Corporate / InvestmentBanking Wealth Management Investment Services Investment Services SOPARFI SICAR Direct AdvisoryTax / retirement AdvisorymgtMarketresearch Brokerage Pension products DiscretionarymgtInsurance solutions InvestmentfundsWealthStructuring Structuredproducts Direct AdvisoryTax / retirement AdvisorymgtMarketresearch Brokerage Pension products DiscretionarymgtInsurance solutions InvestmentfundsWealthStructuring Structuredproducts SIF Clientsophistication Investment Services Daily Banking Services Daily Banking Services Property and personal credits Deposit and saving accounts Credit Cards Daily banking offering Property and personal credits Deposit and saving accounts Credit Cards Daily banking offering Daily Banking Services Complexity of solutions

14. High quality health care system and solutions Language & mindset – truly cosmopolitan Safest capital in the world

15. CONCLUSION

16. LUXEMBOURG, AN INTERNATIONAL REGULATED FUND CENTER: AN OVERVIEW OF UCITS AND OTHER VEHICLES Moderator: Marc Saluzzi, Chairman, Assoicationofthe Luxembourg Fund Industry (ALFI) Experts: Georges Bock, Managing Partner, KPMG Luxembourg Rafik Fischer, General Manager- Head of Global Investor Services, KBL European Private Bankers Marc Feider, Partner, Allen & Overy Luxembourg Edouardo Penido, Chairman, IIFA

17. Funds Product/regimeoverview UCITS Distribution impact • SIF (Specialized Investment Funds) • All asset classes • Qualifying investors only • Lower level of regulation • Diversification requirement • Transferable securities only • Public distribution – EU Passport • High level regulation AIFMD • UCI Part II • All asset classes • Public distribution – no EU passport • Medium level regulation • SICAR • Risk capital only • Qualifying investors only • Lower level of regulation Flexibility

18. Luxembourg funds: the vehicle of choice for cross-border distribution Luxembourg market share of foreign cross-border funds registered for sale Sweden, 71% Germany, 67% Switzerland, 70% South Korea, 100% France, 70% Japan, 61% Taiwan, 75% Bahrain, 76% Hong Kong, 73% Singapore, 71% Peru, 64% Chile, 73% Luxembourg UCITS distribution market Source: Global Fund Distribution analysis December 31, 2011.

19. Cross-border funds:an eu success story Number of cross-border funds and registrations Source: Global Fund Distribution analysis December 31, 2011

20. A FULL FLEDGED MARKET INFRASTRUCTURE… PSF 324 Stock exchange 6.398 listedfunds 344 Management Companies (including 3rd party ManCo) Auditors/ lawyers 3 864 funds €2,300bn 13,000 jobs … to support your international ambitions

21. Thank you! www.lUXEMBOURGFORFINANCE.lu 21