Decree Of 28 July 2004

Original Language Title: Decreto de 28 de julho de 2004

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DECREE OF July 28, 2004

Authorizes the increase in the social capital of the Urban Trains Company of Porto Alegre S.A. -TRENSURB.

THE VICE PRESIDENT OF THE REPUBLIC, in the exercise of the office of President of the Republic, using the attribution conferring you the art. 84, inciso IV, of the Constitution, and in view of the provisions of art. 4º of Decree-Law No. 1,678 of February 22, 1979,

DECRETA:

Art. 1º It is authorized to increase the social capital of the Urban Trains Company of Porto Alegre S.A. -TRENSURB of R$ 429,766,489.69 (four hundred and twenty-nine million, seven hundred and sixty-six thousand, four hundred and eighty-nine reais and sixty-nine cents) for R$ 439,499,625.32 (four hundred and thirty-nine million, four hundred and ninety-nine thousand, seishundred and twenty-five reais and thirty-two cents).

Art. 2º The Union is authorized to subscribe to shares worth R$ 9,656,302.26 (nine million, six hundred and fifty six thousand, three hundred and two reais and twenty-six cents), upon the use of Union credits, arising from advances of budget resources received for investments, updated until February 2004.

Art. 3º It is the Union allowed to subscribe to shares up to the value of R$ 76,833.37 (seventy-six thousand, eight hundred and thirty-three real and thirty-seven cents), should minority shareholders not exercise their right of preference within the time limit legal.

Art. 4º This Decree shall enter into force on the date of its publication.

Brasilia, July 28, 2004 ; 183º of Independence and 116º of the Republic.

JOSÉ ALENCAR GOMES DA SILVA

Bernard Appy

Olivio de Oliveira Dutra