Decree Of 14 August 2000

Original Language Title: Decreto de 14 de agosto de 2000

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DECREE OF August 14, 2000.

Authorizes the increase in the social capital of the VALEC-Engineering, Constructions and Ferrovias S.A.

THE PRESIDENT OF THE REPUBLIC, in the use of the attribution that confers 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 VALEC-Engineering, Constructions and Ferrovias S.A. of R$ 649,421,791.49 (six hundred and forty-nine million, four hundred and twenty-one thousand, seven hundred and ninety and one real and forty-nine cents) to R$ 673,484,870.41 (six hundred and seventy and three million, four hundred and eighty-four thousand, eight hundred and seventy real and forty-one cents), upon incorporation of Union credits, worth R$ 24,063,078.92 (twenty-four million, sixty-three thousand, seventy and eight real and ninety-two cents).

Art. 2º The figures for the capital increase should be updated by the day of the effective capitalization, by the rate of the Special Settlement and Custody-SELIC System, and should be considered as the daily rate, for the update of this value during the five working days prior to the date of the holding of the general shareholder assembly that deliberates on the matter, the same SELIC fee released on the fifth business day preceding the assembling deliberation.

Art. 3º This Decree shall enter into force on the date of its publication.

Brasilia, August 14, 2000 ; 179º of the Independence and 112º of the Republic.

FERNANDO HENRIQUE CARDOSO

Pedro Malan

Eliseu Padilha