Decree Of August 05 2003

Original Language Title: Decreto de 05 de agosto de 2003

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DECREE OF August 5, 2003.

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

THE PRESIDENT OF THE REPUBLIC, in the use of the assignment that gives him the art. 84, inciso IV, of the Constitution, and with a view to the provisions of the art. 4th of the Decree-Law no 1,678, of February 22, 1979,

DECRETA:

Art. 1st authorized the increase of the social capital of the Urban Train Company of Porto Alegre S. A.-TRENSURB of R$ 414,424,617.88 (four hundred and fourteen million, four hundred and twenty-four thousand, six hundred and seventeen and eighty-eight cents) for 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).

Art. 2nd Stay the Union authorized to subscribe shares in the value of R$ 15,215,147.95 (fifteen million, two hundred and fifteen thousand, one hundred and forty seven reais and ninety- five cents), upon the use of Union credits, arising from advances from budget resources received for investments, updated until January 31, 2003.

Art. 3rd Stay the Union authored to subscribe for shares up to R$ 126,723.86 (one hundred and twenty-six thousand, seven hundred and twenty-three reais and eighty-six cents), should minority shareholders not exercise their right of preference within the statutory time frame.

Art. 4th This Decree takes effect on the date of its publication.

Brasilia, August 5, 2003; 182º of Independence and 115º of the Republic.

LUIZ INACIO LULA DA SILVA
Bernard Appy
Olivio de Oliveira Dutra