Common use of Holding S Clause in Contracts

Holding S. A. ---------------------------------------------------------------------------------------------------- Assets 9,572 Liabilities 242 Shareholders' equity 9,330 Result for the period of nine months ended 6.30.02 218 ==================================================================================================== ---------------------------------------------------------------------- (*) See Note 2.c.2.------------------------------------------- ----------------------------------------------------------------------

Holding S. A. ---------------------------------------------------------------------------------------------------- Assets 9,572 9,083 Liabilities 242 308 Shareholders' equity 9,330 8,775 Result for the period of nine six months ended 6.30.02 218 3.31.02 827 ==================================================================================================== ---------------------------------------------------------------------- (*) See Note 2.c.2.------------------------------------------- --------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Holding S. A. ---------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Assets 9,572 10,684 Liabilities 242 3,288 Shareholders' equity 9,330 7,396 Result for the period of nine three months ended 6.30.02 218 3.31.01 (509) ==================================================================================================== ---------------------------------------------------------------------- (*) See Note 2.c.2.------------------------------------------- ----------------------------------------------------------------------

Holding S. A. ---------------------------------------------------------------------------------------------------- Assets 9,572 11,729 Liabilities 242 5,161 Shareholders' equity 9,330 6,568 Result for the period of nine six months ended 6.30.02 218 6.30.01 (2,514) ==================================================================================================== ---------------------------------------------------------------------- (*) See Note 2.c.2.------------------------------------------- ----------------------------------------------------------------------