PREVI :: Annual Report 2008

from the Executive Board from the Deliberative Body from the Audit Committee from Plano 1’s Consultative Council from PREVI Futuro’s Consultative Council

PREVI: Who we are, Mission, Vision, Values Composition of the Management

Investments Governance Management Social Security

Socioenvironmental responsibility Customer Service Risk Planning & Management

Benefit Plan 1 PREVI Futuro Benefit Plan CAPEC

Balance Sheet Result Statement Financial Flow Demonstration Asset and Result Statement - Benefit Plan 1 Asset and Result Statement - PREVI Futuro Benefit Plan Asset and Result Statement – Capec Benefit Plan

Independent Auditors Audit Committee Deliberative Body

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PREVI
About us

Created in 1904, even before the Official Social Security system in our country, PREVI - Banco do Brasil Employee Pension Fund – is the biggest pension fund in Latin America and the world’s 34th* largest in assets. PREVI is a closed private pension fund, and its participants are Banco do Brasil and PREVI employees. The institution works to provide these participants with social security benefits to complement those provided by the Official Social Security System, aiming to contribute to improving the quality of life not only of the participants, but of their dependents too.

PREVI’S resources come, essentially, from personal and employer contributions, in addition to from special contributions set forth by the Bylaws or in a specific instrument. These resources are invested in stock, real estates, loans, funding operations, and in other options. These investments ensure benefit payments. Additionally, since PREVI invests its resources in Brazil, in companies that have their performances guided by social responsibility, PREVI ends up benefiting not only the participants, but the Brazilian society as a whole.

*Source: Pension & Investments, September 2008.

Mission

Our mission is to administer benefit plans, with an efficient management of the invested funds, pursuing better solutions to ensure social security benefits aimed to contribute to improving the quality of life of the participants and their dependents and to meet their expectations and those of the sponsors.

Vision

We seek to be the best benefit plan administrator in Brazil and an international benchmark, with excellence proved by indices such as:

• Asset and liability management practices
• Participant satisfaction
• Administrative cost (cost/benefit ratio)
• Socioenvironmental responsibility
• Pension plan products & services
• Staff policy

To be a reason for pride among participants, sponsors and employees.

Values

PREVI undertakes its management guided and driven by the ethical principles expressed in these values:

• Citizenship, democracy, transparency, socioenvironmental responsibility
• Honesty, integrity, justice, respect
• Quality, competency, excellence, creativity, professionalism
• Responsibility, coherence, commitment, and solidarity

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