Circular Letter CVM/SNC/SEP No. 002/2010

Circular Letter CVM/SNC/SEP No. 002/2010 Rio de Janeiro, July 1, 2010 Subject: Highlights of documents issued by the CPC – 2010 Financial Statements

Gentlemen,

This Circular Letter aims to disseminate to publicly held companies and their independent auditors the attached document from the Accounting Pronouncements Committee – CPC, which highlights important aspects of the various pronouncements, interpretations, and orientations issued by that Committee, in the period from 2007 to 2009.

As already noted in the aforementioned CPC document, this work does not replace the full reading of the pronouncements, interpretations, and orientations, nor should it be considered as a list of the main items of that set of documents for all circumstances and for all companies.

Sincerely,

FERNANDO SOARES VIEIRA
Superintendent of Corporate Relations
Acting

ANTÔNIO CARLOS DE SANTANA
Superintendent of Accounting Standards and Auditing