Circular Letter CVM/SGE 01/2002

CIRCULAR LETTER/CVM/SGE/No. 01/2002
Rio de Janeiro, April 26, 2002
Subject: CVM Instruction No. 358/2002

Dear Director of Investor Relations,

This Circular Letter aims to guide publicly held companies on the procedures necessary for submitting the information covered by CVM Instruction No. 358/2002, via electronic means, namely:
a. relevant acts or facts; b. information on public offerings;
c. information on the transfer of control;
d. information on the acquisition and transfer of relevant shareholdings, as well as on negotiations by controllers and shareholders.

Starting from April 28, 2002, such information must be sent to the CVM, via electronic means, to the following address: http://www.cvm.gov.br, rendering ineffective the guidance contained in the previous CIRCULAR LETTER/CVM/SEP/No. 01/01.

To include the Relevant Fact on the CVM's page, you must access "Publicly Held Companies" and then "Relevant Fact – Instruction No. 358", using the following login and password; .doc and .pdf format files may be accepted.

CPF: <contact the CVM's Computer Systems Support> Password: <contact support@cvm.gov.br>

The submission of the relevant act or fact to the CVM does not exclude the obligation to publish it in the major circulation newspapers used by the company, as provided in § 4 of Article 3 and other provisions of the aforementioned Instruction.

We alert you that, in accordance with Article 3 of CVM INSTRUCTION No. 358/2002, the disclosure and communication of a relevant act or fact is the responsibility of the company's Director of Investor Relations.

We emphasize that the information sent via electronic means will be automatically made available on the CVM's homepage (RELEVANT FACTS OF PUBLICLY HELD COMPANIES), which is why we reiterate that in the case of a request for confidentiality, the provisions of § 1 of Article 7 of the aforementioned Instruction must be observed.

The information referred to in Article 11 of the aforementioned Instruction will be subject to subsequent guidance, given the provisions of Article 25 of the same.

We also remind you that the failure to send the information within the deadlines established in CVM Instruction No. 358/2002 will result in the imposition of daily penalty fines, as provided in its Article 23.

Sincerely,

ANA MARIA DA FRANÇA MARTINS BRITO
General Superintendent