Forjas Taurus S.A.

2

Disclaimer

“This presentation contains, or may be deemed to contain, “forward-looking statements”(as defined in the U.S. Private Securities Litigation Reform Act of 1995). By their nature,forward-looking statements involve risks and uncertainties because they relate to eventsand depend on circumstances that may or may not occur in the future. Such informationis not merely based on historical fact but also reflects management’s objectives andexpectations. The words "anticipate", “wish", "expect", “foresee", “intend", "plan","predict", “forecast", “aim" and similar words, written and/or spoken, are intended toidentify affirmations which, necessarily, involve known and unknown risks.

Known risks include uncertainties which include, but are not limited to, interest rates,product competition, market acceptance of products, the actions of competitors,regulatory approval, currency type and fluctuations and monetary policy, among others.

This presentation is based on events up to June 30, 2009 and Forjas Taurus S.A. is notobligated to update the contents in light of new information and/or future events.

The future results of the issuer may vary from the results expressed in, or implied by, thefollowing forward-looking statements, possibly to a material degree.

Forjas Taurus S.A. takes no responsibility for transactions or investment decisions made onthe basis of information contained in this presentation.”

3

Executive Summary

The objective of this presentation is to show the general overview of theCompany, markets, actual situation, growth and diversification strategies

4

Shareholding StructureESTIMAPAR is the controlling shareholder of Taurus

Source: Company reports

Legenda:FORJAS

TAURUS S.A.

Taurus Holdings, Inc.

Taurus Máquinas –Ferramenta Ltda.

Taurus Blindagens Ltda.

Taurus Properties, Inc.

Famastil Taurus

Ferramentas S.A.

Taurus Helmets Indústria

Plástica Ltda.

Taurus International Manufacturing, Inc.

Taurus Blindagens Nordeste Ltda.

100% 100%

35% 24,2% 99,86%100%

99,99% 99,99%

Taurus Invest. Imobiliarios Ltda.

75,8% 30,9%

69,1%

ESTIMAPAR *93%

Ações Ordinárias Ações Preferenciais

Outros7%

Geração Futuro 42%

PREVI29,4%

Outros28,6%

31% 28% 19,6% 19%2,4%

Capital Stock: R$ 165.000.000,00

Number of shares:

ON: 35.620.600

PN: 71.241.200

X.X% = Current Percentage of Common Capital

* In consolidation

5

Organizational ChartThe Company has implemented Corporate Governance

Chairman of the Board / CEOLuis F. C. Estima

StrategicCommittee

Fiscal Counsel

Source: Company reports

Board of Directors

Senior Vice -President

Ruy F. V. Soares

Human Resources Director

Muciano N. Dias

Executive Vice President

Jorge Py Velloso

6

Company´s Facilities

Taurus Blindagens and Taurus Capacetes

Helmets

Bulletproof vests

Anti-riot shields

Plastic containers

Forjas Taurus I

Firearms

Famastil

Hand tools

Garden accessories

Taurus Wotan

Machine tools

Forjas Taurus II

Forged products

Products heat treatment

Metal injection Molding – M.I.M.

TIMI (USA)

Firearms

Metal injection Molding – M.I.M.

1 As of June, 2009

The group is comprised by six business units in Brazil, one in the USA and has approximately 4,739 employees1

7

The Company

Forjas Taurus S.A. was established in 1939. The Company is aleading Brazilian manufacturer of defense and securityproducts, machine tools and forged products, such ashandguns, motorcycle helmets, bullet-proof vests and millingand turning machines. Additionally, it holds a 35% stake atFamastil Taurus Ferramentas S.A.

Taurus has a complete line of products, specially produced forthe defense and security markets. The Company is one of theworld’s largest handgun manufacturers, with a market shareof over 90% in Brazil and a leading position in the U.S. marketwith over 15%

8

The Company

Taurus also leads Brazilian market of motorcycle helmets (witha share of 37%), bulletproof vests and anti-riot shields. TheCompany also has a growing insertion in the market of forgedproducts, mainly addressed to automotive industry and energysegment. Additionally, it has recently established its newindustrial site in Curitiba for the manufacturing of plasticequipment used for packaging, and transporting materials.

Operational strategy of the Company is based on cost efficiencythrough a vertically integrated production, focused onprofitability and quality.

The Company has an optimistic perspective for the segments inexpansion, focusing on motorcycle helmets, machine tools andenergy.

9

The Company (cont.)

Growth StrategyCorporate Governance

Technology

Cost efficiency through

a vertical integrated production

Economies of scale

Products with high added value

Slightly moving

from regulated

to unregulated markets

Assembly of Shareholders

Board of Directors

Strategic Planning

Committee

Code of Conduct

Legal Counsel

Markets

North American

owned subsidiary in the USA

Visibility in Brazil and abroad

Market leader in Brazil in

different segments

State of the Art production

facilities

Use of cutting-edge technology

Products with quality and

exclusive design

10

SWOT Analysis

Strengths

Opportunities

Weaknesses

Threats

Largest handgun manufacturer in Latin America andone of the top three in the world

Strong presence in USA since 1981, the largesthandgun market worldwide

Implemented practice of Corporate Governance

Increasingly product diversification

Pioneer in manufacturing helmets in Brazil, with amarket share of approximately 37% and a revenueCAGR 1 of 25.8% between 2004 and 2008

Highly dependent on the firearm segment,currently accounting for 75.7% of theconsolidated revenues

Operates in low margin and low growthsegments, i.e. plastic containers

Increase in investments on public safety by thefederal, state and municipal government

Increasing demand for light weapons in the U.S.market

Continuing growth in the segment of motorcyclehelmets, enhanced by the significant growth ofmotorcycle sales in Brazil

Restrictions on firearm trade by local orinternational pressure

Entry of foreign manufacturers in Brazil,increasing competition

Sharp devaluation of the dollar, reducingprofitability of exports

1 Compound Annual Growth Rate

11

Overview Products

Firearms – Forjas Taurus and TIMITaurus is one of the world´s largest handgun manufacturer

For over 70 years, operates in local and foreignmarkets

In 1st Quart.09, 63.6% of revenues wasgenerated by exports, mainly from the U.S.market

Public security market has a positive growthperspective.

Exports also have positive growth perspectivesdue to the increase of U.S. demand, and growthindications in other export markets

In May 2008, Taurus was awarded the“Handgun of the Year 2008”, by the NationalRifle Association, for its revolver TAURUSJUDGE

Products

Revolvers, pistols, carbines, air guns and policeweapons

12

Overview Products

Forged Products – Forjas TaurusHigh technology in forged and machined products

The Company manufactures forged products upto 15Kg, using materials such as carbon steel,alloy steel, stainless steel, titanium, aluminumand other non-ferrous metals

Main consumers are the Automotive, Energy,Oil, Motorcycle and Agriculture industries

In 2006, 2007 and 2008, Taurus increased itsinstalled capacity for machining, which brings ahigher added value to the final product,compared to parts that are only forged

There are good perspectives for the company’srevenues growth, due to (i) the increase inmachined production, (ii) the addition of newforging machinery and (iii) the growth of M.I.M– Metal Injection Molding sales

13

Overview Products

Bullet-Proof Vests and Helmets – Taurus Blindagens and HelmetsTaurus Blindagens and Taurus Helmets lead the segments of bullet-proof vests and motorcycle helmets, respectively

Pioneer in manufacturing helmets in Brazil

Local market leader of bullets-proof vests andmotorcycle helmets

Taurus Blindagens was founded in 1983

Quality, design and reliability. Products arecertified by INMETRO (Brazilian Institute ofMetrology, Standards and Industrial Quality)

Products

– Bullet proof and tactical vests and anti-riotshields

– Motorcycle helmets, rain gear and leatherclothing

– Plastic bins and containers

14

Overview Products

Machine Tools – Taurus Máquinas-Ferramenta Ltda.Taurus Máquinas-Ferramenta leads Latin American manufacturing of horizontal and vertical boring and milling machines, vertical turning lathes and machining centers

The only manufacturer of large machine toolsin Latin America

More than 3,000 machines installed in over 40countries

Main customers are aeronautics and spaceindustry, automotive, steel, construction, powergeneration, defense, nuclear, oil, among others

Service Portfolio

– Manufacturing of welding components, jobshop, heat treatment, and finishing ofstructural components

– Machine tool retrofitting

15

Overview Products

Hand Tools and Garden Accessories – FamastilFamastil manufacturers tools for engineering, construction and gardening

Famastil exports to the five continents,selling its products to wholesalers, dealersand department stores

The merger of Famastil Ferramentas andTaurus occurred in 2004

Products

Mechanic hand tools

Household tools

Construction tools

Gardening tools

16

Net RevenuesR$ MM

Financial Highlights

Net Profit and ProfitabilityR$ MM

554430

23 18

10,4% 7,6%

15,0%

16,8%

7,4%6,8%

11,7%

6,4%6,0%

4,3%

2004 2005 2006 2007

Net Profity ROE ROA

24.0%

CAGR

04-08

2008

2004 2005 2006 2007 2008 6M09

Local Market Exports

39% 46%51%

61%53%

36%

61%

54%

49% 39%

47%

64%250

333

409 429

599CAGR + 24,3%

30

6M09

388

Guns

R$ 294,2 75,7%

Forged products

R$ 12,7 3,3%

Bullet-proof vests

R$ 1,9 0,5%

Helmets

R$ 32,2 8,3%Containers and waste bins

R$ 2,6 0,7%Machine tools

R$ 32,7 8,4%

Hand tools

R$ 10,6 2,7%

Industrial BoilerR$ 1,6 0,4%

R$ 144,3 55,2%

R$ 18,0 6,9%

R$ 1,5 0,6%

R$ 51,1 19,5%R$ 2,9 1,1%

R$ 31,9 12,3%

R$ 11,6 4,4%

Guns

Hand tools

Machine tools

Containers and waste binsHelmets

Bullet-proof vests

Forged products

Net Revenues Breakdown per Product – Acumulated until June - % R$ MM2009 2008

17

Financial Highlights (cont.)

Net DebitR$ MM

41

120

119

11

430,3x

1,0x

1,3x

0,9x

0,7x

2004 2005 2006 2007

Net Debit Net debit/ EBITDA

2008

132

0,7x

6M09

EBITDA and % MarginR$ MM

38 4356

89

128

93

15% 13% 14%21% 21% 24%

2004 2005 2006 2007 2008 6M09

Consolidated economic and financial summary (In thousands of reais, except when stated otherwise)

2009

Items selected 1nd Quart. 2nd Quart. Total 1st. Total 1st 08 Change

Gross income 241,3 218,3 459,6 309,8 48,4%

Net income 207,6 180,9 388,5 261,3 48,7%

Gross profit 90,2 76,4 166,6 98,2 69,7%

Gross margin 43,4% 42,2% 42,9% 37,6% +5,3 p.p

Operating profit (EBIT) 46,5 35,1 81,6 38,2 113,6%

Net profit 12,6 17,8 30,4 24,0 26,7%

Net margin 6,1% 9,8% 7,8% 9,2% -1,4 p.p

EBITDA 52,2 41,2 93,4 47,5 96,6%

EBITDA margin 25,1% 22,8% 24,0% 18,2% +5,8 p.p

Net indebtedness / EBITDA 0,77x 0,71x 0,71x 1,57x -0,87 x

Investments 13,6 16,1 29,7 21,3 39,4%