Circular Letter CVM/SGE 02/2002

CIRCULAR LETTER/CVM/SGE/NO. 02/2002
Rio de Janeiro, July 15, 2002
Subject: CVM Instruction No. 358/2002
Ref.: Submission of information and documents provided for in articles 11, 15, and 16

Dear Director of Investor Relations,

This Circular Letter aims to guide on the procedures necessary for submitting information and documents regarding the transactions of administrators and related parties (article 11), the share trading policy (article 15), and the relevant fact disclosure policy (article 16).

The information referred to in the aforementioned articles must be forwarded to the CVM starting from July 31, 2002, in view of what is established regarding this matter by CVM Instruction No. 369/2002.

Such information must be sent using the three links available on the CVM website http://www.cvm.gov.br, document submission – CPF and login (1) – document upload, namely:

1. communication art 11/358 – individual
2. communication art 11/358 – consolidated

3. relevant fact disclosure policy and share trading

The first, administrators and related parties trading – individual, must contain information regarding the transactions of each director, member of the board of directors or audit committee, or related parties. The second, administrators and related parties trading – consolidated, must contain the consolidation of the information contained in the first form, without, however, identifying them by name. The forms must be sent to the CVM by the Director of Investor Relations within a maximum period of 10 (ten) days after the end of the month, using the password and login already provided through Circular Letter CVM/SGE/no. 01/02.

If no transaction occurred during the period, we request that you mark the field of the form intended for this purpose, and proceed to fill in the fields for INITIAL BALANCE and FINAL BALANCE (INITIAL BALANCE = FINAL BALANCE).

The first information must be sent 10 (ten) days after the end of the month of July and must contain the balance as of June 30, 2002, and the breakdown of operations carried out until July 31, 2002, inclusive. If the information was sent before this date, we alert you that the same must be resubmitted in accordance with this guidance.

We remind you that the immediate submission of the form regarding the position of securities must always occur whenever there is an appointment to any of the positions listed in article 11. The information from the consolidated form will be published on the CVM homepage.

The documents Relevant Fact or Event Disclosure Policy (article 16) and Company Share Trading Policy (article 15) must be sent in .doc or .pdf file format to the same electronic address indicated above, in the appropriate field.

We must alert you that article 23 of CVM Instruction No. 358/02 establishes a daily fine of R$ 500.00 (five hundred reais) for failure to submit the information within the stipulated period of 10 (ten) days after the end of the month, in the case of article 11, and until July 31, 2002, in the case of article 16 (Relevant Fact or Event Disclosure Policy) of CVM Instruction No. 358/02.

Sincerely,

ANA MARIA FRANÇA MARTINS BRITO
GENERAL SUPERINTENDENT

(1) Sent by Circular Letter/CVM/SGE/no. 01/02, 26/04/2002.