The members of the Audit Committee, together with the Directors and assigned staff at Deloitte Tohmatsu Auditores Independentes, have analyzed the Financial Statements of CCR S.A. for the year ended December 31, 2012, along with corresponding Explanatory Notes, the Management Report and the Independent Auditors’ Report on the Company’s Financial Statements, issued on February 27, 2013.

Following discussions and relevant clarifications, the Committee, by unanimous vote of those present, approved the forwarding of their recommendation to the Board of Directors that the referenced statements should all be approved.

São Paulo, February 27, 2013

Ana Maria Marcondes Penido Sant’Anna


Fernando Sawaya Jank

Luiz Alberto Colonna Rosman

Marco Antonio Zangari

Paulo Roberto Reckziegel Guede