1

Unibanco´s Consolidated Results for the Period Ended June 30, 2000Unibanco´s Consolidated Results

for the Period Ended June 30, 2000

Conference Call - August 15, 2000

2

Results and Capitalization Results and Capitalization

1S00 1S99

Recurring 301 225 33.8Non-recurring 50 82 (39.7)Total 351 307 14.3

Net worth (R$ million) 4,186 3,094 35.3

BIS Ratio - Bacen 16.2% 13.8%

%Net income (R$ million)

3

Gross Profit from Financial Intermediation 772 825 682 1,597 1,584

Provisions for Losses (net of recov.) (68) (194) (82) (262) (515)

Fee Income 401 364 361 765 722

Personnel & Admin. Expenses (710) (665) (651) (1,375) (1,327)

Other (148) 7 (104) (141) 29

Income Before Tax & Social Contribution 247 337 206 584 493

Tax & Social Contribution (51) (84) (36) (135) (77)

Profit Sharing (48) (50) (66) (98) (109)

Net Income 148 203 104 351 307

Consolidated Income StatementConsolidated Income Statement

2Q00 1Q00 2Q99 1S00 1S99

In R$ million

4

LoansLoans

Year %change

12.2%-13.3%

3.4%

28.9%32.5%

-12.7%14.8%

18.9%

7.8%

General Purpose Lending Trade Finance

Subtotal

Personal LoansReal EstateLeasingCredit Cards

Subtotal

Total

8,098 3,325

11,423

2,539 489 514

1,703

5,245

16,668

7,311 3,145

10,456

2,291 474 541

1,551

4,857

15,313

7,216 3,835

11,051

1,970 369 588

1,483

4,410

15,461

In R$ million

10.8%5.7%

9.3%

10.8%3.2%-5.1%9.8%

8.0%

8.8%

Quarter % change Jun/99 Mar/00Jun/00

5

Profit from Financial Intermediation 705 631 600 1,336 1,069

Loan Recovery (110) (103) (170) (213) (243)

Provision for Loan Losses 179 297 252 476 758

Provision for securities, G/L securities (1) (48) (6) (49) 134

Treasury non-recurring - - - - (210)

Adjusted Margin 773 777 676 1,550 1,508

Annualized (%)(1) 11.1 11.7 9.8 10.2 11.6

2Q00 1Q00 2Q99 1S00 1S99

Net Financial MarginNet Financial Margin

(1) Over average of ending balances of loans and securities.

In R$ million

6

Fee IncomeFee Income

Banking tariffs and other feesand commissions 198 181 174 379 345

Credit Cards 157 134 115 291 229

Assets under Management 46 49 72 95 148

TOTAL 401 364 361 765 722

In R$ million

2Q00 1Q00 2Q99 1S00 1S99

7

Personnel and Administrative ExpensesPersonnel and Administrative Expenses

Personnel Expenses 270 261 264 531 518Multiple Bank 189 184 190 373 371Subsidiaries and affiliates 81 77 74 158 147

Administrative Expenses 440 404 387 844 809Multiple Bank 285 268 247 553 534Subsidiaries and affiliates 155 136 140 291 275

TOTAL 710 665 651 1,375 1,327

Efficiency Ratio (%)(*) 63.4 55.9 58.4 59.5 50.7Fees/Pers. & Adm. Expenses (%) 56.5 54.8 55.5 55.6 54.4

2Q00 1Q00 2Q99 1S00 1S99

In R$ million

(*) PIS/Cofins/ISS expenses (R$ 230 million in the 1S00) deducted from gross revenues for the purpose of calculating this ratio.

8

Provisions - Resolution 2682Provisions - Resolution 2682

R$ million

Classification Number of Days

Overdue

Required Provisions

(%)

Total Loan

Portfolio

Distribution (%)

%Cumulative Distribution

Overdue Credits

Credits to mature

GenericProvision

Total Provision

AA 0 - 7,592 43.8 43.8 - -A 0 – 14 0.5 4,634 26.7 70.5 - 23B 15 – 30 1 1,609 9.3 79.8 2 14C 31 – 60 3 1,998 11.5 91.3 4 56D 61 – 90 10 379 2.2 93.5 10 28E 91 – 120 30 217 1.3 94.8 27 38F 121 – 150 50 186 1.1 95.9 46 47G 151 – 180 70 219 1.3 97.2 56 98H > 180 100 493 2.8 100.0 256 237TOTAL (*) 17,327 100.0 401 541 203 1,145% oftotal provision 35.0 47.3 17.7 100.0

% overcredit risk 2.3 3.1 1.2 6.6

Specific Credit Provisions

(*) Total risk, including the loan portfolio and other receivables (guarantees honored, notes receivables and other generic receivables).

Minimum Required

9

Operational Highlights 1S00 - RetailOperational Highlights 1S00 - Retail

• Net increase of 117,000 clients with demand deposits

• Active users of Internet Banking up 67,000 to reach 196,000, 43% of PC banking client base of 457,000

• 29% increase in demand deposits to R$ 848 million

• 5% increase in loan outstandings to R$ 6.1 billion

• 12% increase over 1S99 in cash management revenues from small companies to R$ 85.1 million (65% total cash management revenues)

10

Operational Highlights 1S00 - WholesaleOperational Highlights 1S00 - Wholesale

• Ranked 1st in origination, 2nd in distribution of fixed income securities

• Arranger of 12 syndicated lending transactions totaling R$ 2.0 billion

• Ranked 1st in disbursements of BNDES onlendings (R$ 378 million)

• 14% increase in Private Banking portfolio to R$ 5.0 billion

• Completed 5 M&A advisories totaling over R$ 800 million

11

Operational Highlights 1S00Operational Highlights 1S00

• 24% increase over 1S99 in premiums written to reach R$ 432.7 million

• 6.1% decrease in expenses

• Combined ratio down to 99.7 in 1S00 from 101.7 in 1S99

Unibanco Asset Management

Unibanco Seguros

• 21% increase in assets under management to R$ 16.2 billion

• Market share in mutual funds increase from 5.1% to 5.5%

12

1S00 Strategic Initiatives1S00 Strategic Initiatives

- CredibancoCredibanco acquisition

concluded 04/19/2000

- Formation of Banco1.netBanco1.net in association with Portugal Telecom announced 05/19/2000

- Alliance with CGDCGD for the acquisition of Banco Bandeirantes Banco Bandeirantes announced 07/03/2000

- B2BB2B Alliance with Banco Galicia and Portugal Telecom

announced 08/02/2000

13

285

431

454

591

1S00

Net Income - R$ million

Recent TrendsRecent Trends

11,758 12,158

14,046

15,81116,668

Dec/96 Dec/97 Dec/98 Dec/99 Jun/00

Loans - R$ million

96 97 98 99

351

127177

246

307

14

Fee Income - R$ million

Recent TrendsRecent Trends

Total expenses - R$ million

904

1,2441,368

1,449

765

96 97 98 99 1S00

387

600645 722

2,677 2,6322,771 2,727

1,375

96 97 98 99 1S00

1,155 1,292 1,322 1,327