Circular Letter CVM/SEP 03/2004

CIRCULAR LETTER/CVM/SEP/NO. 03/2004
Rio de Janeiro, April 13, 2004
Subject: New version of the ITR/DFP/IAN System (CVMWIN)

Dear Director of Investor Relations,

This Circular Letter is intended to inform publicly held companies that, starting April 19, 2004, version 6.0 of the CVMWIN system will be available for download on the CVM website (http://www.cvm.gov.br, MARKET PARTICIPANTS section, DOCUMENT SUBMISSION item, PROGRAM subitem) and on the BOVESPA website (http://www.bovespa.com.br, COMPANIES section, INFORMATION FOR COMPANIES item, ITR/DFP/IAN SYSTEM subitem) on the World Wide Web.

Until May 7, 2004, the CVM will accept ITR, DFP, and IAN files submitted using both versions of the CVMWIN system – 5.4 and 6.0. After this date, electronic files may only be submitted in the new version (6.0), including resubmissions.

The new version of CVMWIN brings significant changes to the Annual Information (IAN), improving the quality of information provided to investors.

We highlight below the most relevant changes contained in the new version:

• Inclusion of the company's electronic address on the World Wide Web;
• Information on locations where shareholder services are provided;
• Expansion of the list of securities indicators;
• Inclusion of a field to indicate who elected each member of the board of directors – whether controlling or not;
• Inclusion of a table to indicate the statutory audit committee, as well as who elected each member – controlling shareholders, preferred shareholders, or minority shareholders;
• Reformulation of the table and information regarding statutory provisions of share capital;
• Inclusion of a table to indicate shares in circulation in the market;
• Reformulation of activity sectors;
• Inclusion of a table related to the Corporate Governance Code (comply or explain).

Another relevant change concerns the text files submitted. The new version of CVMWIN saves texts in the version of Microsoft Word being used by the user. The installation of the new version must be done in the same directory where the current version is located and does not imply the loss of any information already existing there. We recommend that, before installing the new version, backups of existing files be made. It is important to read the system help before submitting any electronic file. Questions may be clarified by the CVM's Computer Systems Support.

Sincerely,

Signed original

ELIZABETH LOPEZ RIOS MACHADO
Superintendent of Corporate Relations