Investor Relations | page 1

Unibanco and Unibanco Holdings, S.A.

Consolidated Results

3rd Quarter 2005

November 11, 2005

Investor Relations

Investor Relations | page 2

7.9

8.1

8.4

21.0%

17.8%

20.1%

3Q04 4Q04 1Q05

Annualized ROAE (%)

8.7

23.0%

2Q05

Stockholders’ Equity (R$ bln)

3Q05

9.0

23.3%

9M04 9M05

16.4%

21.3%

7.9

9.0

Net Income +46.4%

+51.1%

9M05 / 9M043Q05 9M05

R$ 1,329 million

R$ 2,158 million

R$ 475 million

R$ 763 millionOperating Income

Performance

Investor Relations | page 3

Highlights

Results

Loan Portfolio Growth

Fee Income

Cost Management

• 1.3% annual growth in Administrative Expenses (or 8.6%, excluding Credicard and Orbitall)

• In the quarter, a growth of 7.4% (or 4.3%, excluding the non-recurring Collective Wage Bargaining Agreement)

• 980 b.p. improvement in efficiency ratio: 51.4% in the 3Q05

• 9.6% growth in the quarter. Highlights: credit cards and capital markets operations

• 20.5% growth when compared to 3Q04 (excludes revenues from Credicard and Orbitall)

• 46.4% net income growth, 9M05 x 9M04

• 4.9% net income growth, 3Q05 x 2Q05

• Full absorption of the Annual Collective Wage Bargaining Agreement, in the total amount of R$44 million

• Individuals: 33.2%• SME’s: 38.4%• Corporate: 12.4%• Total loan portfolio: 24.0%

• Annual Growth

Investor Relations | page 4

Performance: 9M05 x 9M04

Loan Portfolio

Core Deposits

Financial Margin before Provision

Provision for Loan Losses

Fee Income* Adm. Expenses* OperatingIncome

Net Income

100

124

100 116

100111

100 109

100

128

100

151

100

138

100

146

9M059M04

Basis: 100

(*) Excludes Credicard/Orbitall

Investor Relations | page 5

R$ millions

Income Statement

3Q05 2Q05 3Q04 9M05 9M04

Profit from Financial Intermediation 1,589 1,529 1,377 4,607 3,673

(+) Fees from Services Rendered 870 794 829 2,430 2,390

(-) Personnel & Adm. Expenses (1,323) (1,232) (1,308) (3,741) (3,693)

(+/-) Other Operating Income/Expenses (373) (407) (342) (1,138) (942)

(=) Operating Income 763 684 556 2,158 1,428

(+/-) Non-Operating Income (6) 17 (5) 4 1

(+/-) Income Tax and Social Contribution (170) (129) (141) (464) (238)

(Effective Income Tax Rate) 25% 21% 28% 24% 19%

(-) Profit Sharing/Minotiry Interest (112) (119) (83) (369) (283)

Net Income 475 453 327 1,329 908

Investor Relations | page 6

Evolution

Financial Margin(before Provision for Loan Losses)

Earnings per Share (R$)

Total Assets (R$ millions) Loan Portfolio (R$ millions)

8.7%

9.2%

9.5%

10.2%10.5%

3Q04 4Q04 1Q05 2Q05 3Q05

0.23

0.270.29

0.320.34

3Q04 4Q04 1Q05 2Q05 3Q05

83,83279,350

82,10982,731

88,423

Sep-04 Dec-04 Mar-05 Jun-05 Sep-05

29,724

31,796

33,176

35,154

36,872

Sep-04 Dec-04 Mar-05 Jun-05 Sep-05

Investor Relations | page 7

Loan Portfolio Mix – Retail / Wholesale

WholesaleRetail

Dec-04Dec-99 Sep-04 Sep-05

52% 54%56%

48% 46% 44%

33%

67%

Investor Relations | page 8

Loan Portfolio Growth

R$ millions

WholesaleRetail

(*) Excludes Credicard and includes Hipercard.

44%

56%

35,154

16.0%

Jun-05

36,872

Sep-05

4.9%

56%

44%4.4%

5.3%

Sep-04 *

29,724

52%

48%

Dec-03 *

49%

27,721

51%

54%

31,796

Dec-04

46%

7.2%

24.0%

Investor Relations | page 9

Loan Portfolio Growth – Individuals / Corporate

Sep-04 Jun-05 Sep-05

Corporate

19,17122,81121,795

19.0%

4.7%

Individuals

33.2%

10,553

14,06113,359

5.3%

• Main Highlights over 12 months:

Fininvest: 37.6%

23.9%

42.8%

Branch Network

and Corp Site Branch:

Credit Cards:

• Main Highlights over 12 months:

SMEs: 38.4%

12.4%Large Corporate:

(R$ millions)

(R$ millions)

34.0%Auto Financing:

Sep-04 Jun-05 Sep-05

Investor Relations | page 10

Loan Portfolio Quality

Loan Portfolio E-H / Loan Portfolio

4.9%

4.3% 4.3%

Sep-04 Jun-05 Sep-05

Allowance for Loan Losses / Loan Portfolio E-H

95.8%

115.0% 112.1%

Sep-04 Jun-05 Sep-05

Non-Accrual Portfolio / Loan Portfolio

4.7%

3.9% 4.1%

Sep-04 Jun-05 Sep-05

Non-Accrual Portfolio Coverage Ratio

99.2%

125.7%117.2%

Sep-04 Jun-05 Sep-05

Investor Relations | page 11

Allowance for Loan Losses / Loan Portfolio

Loan Portfolio Coverage

Auto Financing

Unibanco Consolidated

Jun-05

Commercial Bank - Individuals

Sep-05

Consumer Finance Companies

Credit Cards

Wholesale

Sep-04

SMEs

Retail

8.1%

10.0%

5.2%

4.9%

3.9%

3.3%

7.6%

9.4%

4.5%

4.9%

4.6%

2.9%

8.0%

9.1%

4.5%

4.7%

3.7%

2.3%

4.2% 4.0% 4.3%

5.6% 5.2% 5.5%

Investor Relations | page 12

Funding and Assets under Management

R$ millions

Sep-05 Jun-05 Sep-04 %

Demand deposits 3,505 3,547 3,605 -1.2 -2.8

Saving deposits 5,524 5,635 5,900 -2.0 -6.4

SuperPoupe 2,628 2,350 1,030 11.8 155.1

Core Deposits 11,657 11,532 10,535 1.1 10.7

Time deposits 22,897 23,324 21,509 -1.8 6.5

Total Deposits (A) 34,554 34,856 32,044 -0.9 7.8

Assets under management (B) 35,700 35,119 32,654 1.7 9.3

Total Deposits + AUM (A+B) 70,254 69,975 64,698 0.4 8.6

Core Deposits / Total Deposits 33.7% 33.1% 32.9% 60 b.p. 80 b.p.

Q-o-Q % Y-o-Y

Investor Relations | page 13

Financial Margin

Financial MarginFinancial Margin after Provision Provision for loan losses/Financial Margin

7.2%

3Q04

8.7%

16.6%

7.9%

2Q05

10.2%

22.1%

7.9%

3Q05

10.5%

24.0%

6.7%

9M04

8.4%

19.8%

7.6%

9M05

9.7%

21.3%

Investor Relations | page 14

Fees from Services Rendered

R$ millions

Banking fees and other fees and commissions 479 408 1,363 1,217

Credit Cards 286 214 762 593

Assets under management 105 100 305 287

Subtotal 870 722 2,430 2,097

Credicard and Orbitall - 107 293

Total Fees from Services Rendered 870 829 2,430 2,390

3Q05 2Q05 3Q04 9M05 9M04

448

246

100

794

794

- -

Investor Relations | page 15

Administrative Expenses

R$ millions

Personnel Expenses 518 504 1,431 1,399

Other Administrative Expenses 805 714 2,310 2,047

Subtotal 1,323 1,218 3,741 3,446

Credicard and Orbitall - 90 247

Total 1,323 1,308 3,741 3,693

467

765

1,232

1,232

- -

Fees from Services Rendered / Adm. Expenses 66% 59% 65% 61%64%

3Q05 2Q05 3Q04 9M05 9M04

Investor Relations | page 16

Efficiency Ratio

R$ millions

3Q04 2Q05 3Q05 9M04 9M05

52.8%

1,232

2,334

Expenses Revenues

2,136 6,017

3,693

61.4%

1,308

61.2%

3,741

7,118

52.6%

1,323

2,575

51.4%

18.3%

1.3%

%

Investor Relations | page 17

Insurance and Private Pension Plans

Technical Reserves

Combined Ratio Extended Combined Ratio

Net Premiums Written

99.4%

100.0% 99.5%

3Q04 2Q05 3Q05

87.7%

86.4%

86.3%

3Q04 2Q05 3Q05

4,0394,848 4,975

1,067

1,424 1,703

3Q04 2Q05 3Q05

Private Pension Insurance

5,106

6,2726,678

30.8%

695

784

803

3Q04 2Q05 3Q05

Investor Relations | page 18

Global Public Offering of Units and GDSs

Selling Shareholder:

Total Offering including Greenshoe: 86,149,216 Units

Final Price: R$ 20.49 for Unit and US$ 44.00 for GDS

Financial Volume: R$1,765 million

Demand: 3.0x Book

Investors’ Allocation:

Brazil 26%

International 74%

Unit Evolution – Sep-13 to Nov-10

R$ 20.49

9/13 9/20 9/27 10/4 10/11 18/11 10/25 11/1

GDS Evolution– Sep-13 to Nov-10

US$ 44.00

R$ 25.15

11/10

US$ 57.39

Offering PricePreço da Oferta

9/13 9/20 9/27 10/4 10/11 18/11 10/25 11/1 11/10

Investor Relations | page 19

2005 Outlook

2004 2005(E)

GDP Growth 4.9% 3.3%

FX Rate R$ / US$ (end-of-year) 2.654 2.350

SELIC (end-of-year) 17.75% 18.00%

IPC-A 7.6% 5.4%

Trade Balance Surplus (US$) 33.7 bi 44.0 bi

Investor Relations | page 20

Loan Portfolio

CorporateLarge corporate

SMEs

IndividualsCommercial bank and other companies

Consumer Finance

Administrative Expenses

Growth9M05

16.0%

12.8%

10.0%

20.1%

21.5%

24.6%

15.6%

1.3%

Revisedguidance

< 2%

20-25%

10-15%

25-30%

30-35%

25-30%

15-20%

27-32%

2005 Perspectiveson August 12, 2005

Credit Card 19.0% 20-25%

2005 Growth Perspectives

< 5%

18-23%

7-12%

25-30%

30-35%

25-30%

10-15%

25-30%

15-20%

Investor Relations | page 21

Events

New Investor Relations Web Site – Second half of November

November 14, 2005 (Monday)

New York

Panel 7 – Banking Industry - ROOM 1

4:30 pm - 6 pm

> New content

> New user-friendly navigation

> New tools

> New layout

Agenda

Investor Relations | page 22

For further information contact our Investor Relations Area at

phone: 5511-3097-1980fax: 5511-3813-6182

email: investor.relations@unibanco.comsite: www.ir.unibanco.com

This presentation contains forward-looking statements regarding Unibanco. its subsidiaries and affiliates - anticipated synergies. growth plans. projected results and future strategies. Although these forward-looking statements reflect management’s good faith beliefs. they involve known and unknown risks and uncertainties that may cause the Company’s actual results or outcomes to be materially different from those anticipated and discussed herein. These risks and uncertainties include. but are not limited to. our ability to realize the amount of the projected synergies and the timetable projected. as well as economic. competitive. governmental and technological factors affecting Unibanco’s operations. markets. products and prices. and other factors detailed in Unibanco’s filings with the Securities and Exchange Commission which readers are urged to read carefully in assessing the forward-looking statements contained herein. Unibanco undertakes no duty to update any of the projections contained herein.