Circular Letter CVM/SEP 01/11

CIRCULAR LETTER/CVM/SEP/N°001/2011
Rio de Janeiro, January 5, 2011.
SUBJECT: Program for filling out and sending Reference and Cadastral Forms and DFP and ITR Forms

Dear Director of Investor Relations,

This Circular Letter aims to inform open and foreign companies that, as of this date, a new version of the Empresas.Net System (version 3.0) will be available, which, in addition to containing some changes to the Cadastral Form and the Reference Form, also incorporates modules for filling out and sending the DFP and ITR Forms, documents provided for, respectively, in articles 28 and 29 of CVM Instruction No. 480/09.

Until January 10, 2011, documents generated by both version 2.1 and version 3.0 will be accepted. From January 11, 2011, only documents sent via version 3.0 will be accepted, subject to the provisions set forth below.

The download of the new version of the System can be done via the CVM's electronic page on the worldwide computer network (http://www.cvm.gov.br, MARKET PARTICIPANTS section, DOCUMENT SUBMISSION item, EMPRESAS.NET subitem), as well as on that of BM&FBOVESPA (http://www.bmfbovespa.com.br, SHARES section, COMPANIES item, FOR COMPANIES subitem, For Listed Cos subitem, EMPRESAS.NET subitem).

Before installing version 3.0, you must back up the forms existing in the previous version of the system, especially those not yet delivered, using the "Export" function. After installing the new version, to recover the files, the "Import" function must be used.

We emphasize that the Empresas.Net System should only be used for sending DFP Forms filled out based on financial statements relating to fiscal years ending on 12.31.2010 or later, and ITR Forms filled out based on financial statements relating to quarters subsequent to that DFP Form.

The submission or resubmission of DFP Forms relating to fiscal years ending before 12.31.2010, as well as the submission or resubmission of ITR Forms relating to quarters of the 2010 fiscal year and prior, will continue to be carried out via the CVMWIN System.

It is highlighted, therefore, that the resubmission of ITR Forms for the 2010 fiscal year, in compliance with the provisions of article 2 of CVM Deliberation No. 603, must be done via the CVMWIN System, type ITR, preparation criterion "Corporate Legislation (LS)", including the data of the financial statements (i) individual, prepared in accordance with the Pronouncements, Interpretations and Orientations of the CPC, approved by the CVM, effective for fiscal years starting from January 1, 2010; and (ii) consolidated, in IFRS, which must be prepared based on pronouncements fully convergent with international standards, issued by the Accounting Pronouncements Committee – CPC and endorsed by the CVM.

In the case of companies with a differentiated fiscal year, ITR Forms relating to quarters ending on 12/31/2010 and 03/31/2011, for example, will be delivered via the CVMWIN System.

We remind you that documents sent via the Empresas.Net System (Reference Forms, DFP, and ITR) must be linked to an updated version of the Cadastral Form. Therefore, the computer used for sending the forms must contain an updated version of the Cadastral Form, which can be obtained by downloading the last version sent, from the CVM or BM&FBOVESPA website, or generated by the company.

In this context, we emphasize that for sending Reference Forms, DFP, and ITR in 2011, it will be necessary to link the document to a version of the Cadastral Form that has 2011 as the reference year.

We also inform that the CVM's Department of Corporate Relations will issue, on this same date, a Circular Letter regarding general guidelines for filling out DFP and ITR Forms.

Finally, we clarify that questions regarding the installation of the new program can be clarified with the BM&FBOVESPA Service Center (CAB) by phone at (11) 2565-5000 or email address: cab@bvmf.com.br. Questions regarding the filling out of Forms can be sent to the CVM, via the email address: sep-consultas@cvm.gov.br.

Sincerely,

Signed original by
JORGE LUIS DA ROCHA ANDRADE
Acting Superintendent of Corporate Relations