Ownership Breakdown

Shareholders Shares %
Companhia de Locação das Américas "Locamerica" 54,540,394 100.0%
Total 54,540,394 100.0%

(1) All shares held by the Principal - Gestão de Activos e Consultoria Administrativa e Financeira S.A. - are pledged in favor of Banco BPI S.A., Banco Comercial Português S.A., Banco Espírito Santo S.A., and Caixa Geral de Depósitos S.A. under the "Stock Pledge Agreement", a private instrument dated December 28, 2010.