Dear Shareholders,

The Management of CCR S.A. (“Company” or “CCR”) hereby sends you this Proposal related to the Ordinary General Shareholders’ Meeting of CCR to be held on April 18, 2013 (“Meeting”), pursuant to the conditions of CVM Instruction No. 481 of December 17, 2009, as amended (“CVM Instruction No. 481”).

Taking into consideration the interests of the Company, CCR’s Management presents the following recommendations regarding the subjects included on the agenda of the abovementioned Meeting:

1. Take the management accounts, examine, discuss and vote the Management’s Report, the Company’s Financial Statements and the Explanatory Notes accompanied by the Reports from the Independent Auditors and the Fiscal Council regarding the fiscal year ended at December 31, 2012:

As approved by the Company’s Board of Directors at the meeting held on February 27, 2013, the management of the Company hereby submits for your consideration the Management’s Report, the Company’s Financial Statements and the Explanatory Notes accompanied by the report (opinion) of the independent auditors and the Fiscal Council of the Company, regarding to the fiscal year ended on December 31, 2012, which shall be published on March 19, 2013 in the Official Gazette of the State of São Paulo and the Valor Econômico newspaper, pursuant to law 6.404 of December 15, 1976, as amended (“Brazilian Corporate Law”).

2. Deliberate on the revision and approval of the capital budget:

The Company’s Management proposes to the shareholders to deliberate on the revision and approval of the capital budget, pursuant to the terms of article 196 of Brazilian Corporate Law and article 25, §1º, section IV of CVM Instruction No. 480, of December 7, 2009, as amended (“CVM Instruction No. 480”).

3. Deliberate on the proposal for the destination of the earnings of the fiscal year ended at December 31, 2012:

The management of the Company proposes to the shareholders to deliberate on the destination of the earnings of the fiscal year ended on December 31, 2012.

4. Deliberate on the number of seats on the Company’s Board of Directors for the upcoming term of office and the election of the members of the Board of Directors and the Fiscal Council of the Company:

The management of the Companyproposes to deliberate on the number of seats on the Board of Directors and Fiscal Council of the Company for the upcoming term of office and the election of the members of the Board of Directors and Fiscal Council, as per the annex.

5. Deliberate on the establishment and composition of the Fiscal Council:

The management of the Company proposes that the Fiscal Council be established again and annex to this document the necessary information for election of its members under the terms of CVM Instrucion n. 481.

6. Deliberate on the compensation for the managers:

The management of the Company proposes as annual and global compensation for the managers during the year of 2013 the amount of R$ 27,000,000.00 (twenty seven million reais).

All annexes, pursuant to legal and regulatory requirements, are contained in this Proposal.

The Management