3Q07 | 1

Unibanco and Unibanco Holdings, S.A.

Investor Relations

Consolidated Earnings

3rd Quarter 2007

November 9th

3Q07 | 2

9M07

2,621

1,885

736

Net income

Recurring net income

Result from non recurring events

R$ Million

Performance

33.7%

24.5%

ROAE

ROAE before non recurring events

3Q07

1,199

667

532

50.2%

26.5%

3Q07 | 3

Net Income

Results from non recurring events

Income Statement SummaryR$ Million

Gross Profit from Financial Intermediation

Personnel and Administrative Expenses

Fees from Services Rendered

Provisions for Loan Losses

Net Profit from Financial Intermediation

Net Income before non recurring events

2Q07

2,076

910

(1,417)

1,045

841

(545)

2,621

203

638

Tax Rate 24%

3Q07 3Q06 9M069M07

7,231

(1,889)

5,342

2,600

(4,109)

2,626

(460)

1,174

21%

1,634

Operating Income before non recurring events

106

2,481

(579)

1,902

885

(1,434)

911

(460)

21%

566

6,060

2,704

(4,215)

3,006

2,621

(1,629)

7,689

736

1,885

24%

2,100

925

(1,414)

1,024

1,199

(560)

2,660

532

667

22%

Other Operating Income (Expenses) (524) (1,207)(442) (1,543)(587)

3Q07 | 4

-

Gain on Redecard’s IPO 680

(128)

-

(20)

532

R$ Million

285

-

(572)

(47)

(142)

203

285

680

(699)

(47)

(162)

736

- 679 679

2Q073Q07 9M07

Result from non recurring events

Non Recurring Events(1)

(1) Net of taxes

Other provisions

Result from the sale of Serasa's stake

Provision for loan losses

Change in participation on our subsidiary UPS

Labor, civil, and fiscal provisions

Non Recurring Events

3Q07 | 5

Annualized ROAE Stockholders’ Equity (R$ Bln)

Net Income(1)

Operating Income(1)

PerformanceR$ Million

9.0

3Q05

11.6

3Q07

9.6

3Q06 9M06 9M079M05

9.6

11.6

(1) Before non recurring events

Performance

23.3%

24.8%

26.5(1)%

24.5(1)%

23.1%

21.3%

9.0

3Q07/3Q063Q07 9M07 9M07/9M06

3,006

1,885

1,024

667

12.4%

17.8%

14.5%

15.4%

3Q07 | 6

Destaques

Total loan portfolio growth:

8.2% QoQ (6.8% in the Brazilian Financial System)

29.0% YoY (24.8% in the Brazilian Financial System)

Payroll loans: 31.2% QoQ (152.4% YoY)

Auto Loans: 24.6% QoQ (70.6% YoY)

SMEs: 12.1% QoQ (37.1% YoY)

Loan Portfolio

13.8% reduction in provision for loans losses expenses, 9M07 vs 9M06

Better ratio of D to H portfolio over total loans (4.9% vs 6.7% in September 2006)

Better ratio of non-accrual portfolio over total loans (4.1% vs 5.4% in September 2006)

118% non-accrual loan portfolio coverage (past due and falling due credits)

Asset Quality Improvement

Stocks Unibanco ADTV(1) (Bovespa + NYSE): R$466 million in 3Q07 versus R$150 million in

3Q06, a 211% increase

Market Capitalization(2): R$37.7 billion

OperationalEfficiency

1.4% reduction in Personnel and Administrative Expenses in 3Q07 compared to 3Q06 Personnel and Administrative Expenses for companies under Unibanco’s direct

management: 1.0% variation compared to 3Q06 1.6% variation from 9M06

Better ratio of Cost to Assets (4.4% in 3Q07 versus 5.9% in 3Q06)

Highlights

(1) Average Daily Trading Volume

(2) As of November 6th, 2007

3Q07 | 7

9M079M06

Performance – 9M07 versus 9M06

100

LoanPortfolio

100

Personnel and Adm. Expenses

100 100

100

Provision for Loan Losses

100

Core Deposits

9M06 = 100

129

114 115

86

122

(1) Before non recurring events

OperatingIncome(1)

Net Income(1)

102

3Q07 | 8

Financial Indicators

Net Profit from Financial Intermediation(R$ Million)

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

Earnings per Share (R$)

1,902

2,100

0.21

0.24(1)

0.201,957

1,884 0.21

Dec-06

3Q06 4Q06 1Q07 2Q07

Mar-07 Jun-07Dec-06 Mar-07Sep-06 Sep-06Jun-07 Sep-07 Sep-07

3Q07

2,076 0.23(1)

(1) Before non recurring events

104

134

45102

56

43

115 47

130 52

3Q06 4Q06 1Q07 2Q07 3Q07

3Q07 | 9

5.8%

R$ Million

5.5% 5.9%

2Q073Q07 9M07

Treasury Gains / Gross profit from financial intermediation

Treasury Gains

9M063Q06

6.6% 4.4%

Financial margin from treasury (A) 172 136

2,621 2,481

2,076 1,902

154

2,660

2,100

452

7,689

6,060

316

7,231

5,342

Gross profit from financial intermediation (B) Net profit from financial intermediation (C)

7.3% 7.2% 7.5%Treasury Gains / Net profit from financial intermediation

8.3% 5.9%

(A/B)

(A/C)

3Q07 | 10

Wholesale

Retail

R$ Million

Loan Portfolio Growth

Brazilian Financial System

23.2% 29.0%8.2%

16.6% 24.8%6.8%

9M07 Quarter 12 months

29.0%

Jun-07 Sep-07

8.2%

Sep-06

51,644

59%

41%

55,902

61%

39%

43,323

56%

44%

3Q07 | 11

Credit: UBB x Brazilian Financial System

100

107 117

125

105

119

129

Jun-07 Sep-07Sep-06 Dec-06

Brazilian Financial System

Credit Evolution

Sep-06 = 100

3Q07 | 12

Individuals

Car Loans

Corporate

Total Portfolio

Loan Portfolio Growth

Credit Cards

Consumer Finance Companies

Sep-06Jun-07Sep-07

R$ Million

Mortgages

SMEs

Large Corporate

Portfolio highlights

Quarter %

12 months

8.2

24.6

29.0

70.6

5.7 20.6

12.1 42.820,883

30,761

51,644

5,412

2,762

31.25.0

14.49.7

1,586 11.62.8

9,729 37.112.1

21,032 13.72.7

5,759

Payroll36.29.71,400Own portfolio

319.144.32,285Acquired portfolio

Other branch network loans 1.6 23.95,499

31.2 152.43,685

16,383

26,940

43,323

4,330

2,649

1,460

7,955

18,985

4,205

1,128

787

4,507

1,915

23,402

32,500

55,902

5,680

3,030

1,630

10,909

21,591

7,175

1,536

3,298

5,586

4,834

3Q07 | 13

Sep-06 Sep-07

4,205

7,175

+70.6%

3Q06 = 100

Auto Financing

3Q07 3Q07

MarketMarket

Cars + Trucks & Buses Loans

Focus: New Cars (Financed Units) Focus: New Trucks & Buses (Financed Units)

R$ Million

3Q06 = 100

31%47%

69%53%

New vehicles

Used vehicles

352

143149

139

3Q07 | 14

Sep-06 Sep-07

Credit Cards

R$ MillionR$ Million

Billings (Unicard + Hipercard)Loan Portfolio (Unicard + Hipercard)

Number of cards (In Million)

3Q06 3Q07

+31.2%

4,330

5,680

+37.6%

4,635

6,380

Sep-04 Sep-05 Sep-06 Sep-07

Total Cards

Credit Cards (A+B)

Private Label Cards

Hipercard (B)

Visa + Mastercard (A)

13.4

9.6 16.4

19.4

13.9

24.3

5.5

9.79.8

7.93.8

9.1

2.6

5.5

8.1

8.7

29.123.217.2 33.0

3Q07 | 15

Financial Margin After Provision Financial Margin

Provision for Loan Losses / Financial Margin

-800 b.p.

14.25%

11.25%

Selic Rate

Financial Margin

20.8%

27.2%

3Q073Q06 1Q071Q06

21.8%

2Q07

29.1%

4Q05

23.3%

21.1%

3Q06 3Q07

9.0%10.6%

8.1%

7.1%

2Q07 2Q06

27.9%8.5%

6.7%

3Q07 | 16

Asset Quality

D to H Portfolio / Loan Portfolio

Coverage Non-Accrual Portfolio

Coverage D to H Portfolio

Sep-06 Jun-07 Sep-07

100%

Sep-06 Jun-07 Sep-07

115%

5.2%

Sep-06 Jun-07 Sep-07

6.7%

4.9%

99%

87%

118%

109%4.5%

Sep-06 Jun-07 Sep-07

5.4%

4.1%

Non-Accrual Portfolio / Loan Portfolio

3Q07 | 17

Total Funding (A)

Demand Deposits

Savings Deposits

Core Deposits CDs

Core Deposits

Time Deposits + Debentures

Assets Under Management (B)

Total Funding + AUM (A+B)

Total Deposits + Debentures

R$ Million

Sep-07 Jun-07 Sep-06

Funding and AUM

Other Funding

86,12389,259 70,111

4,626

8,045

5,149

17,820

28,984

133,650

46,804

47,527

4,160

8,832

4,982

17,974

48,665

29,757

137,924

47,731

4,470

5,558

4,648

14,676

29,130

112,586

43,806

42,475

39,31941,528 26,305

3Q07 | 18

R$ Million

AdministrativeExpenses

Personnel Expenses

Personnel and Administrative Expenses

Companies under Unibanco´s direct management

3Q06

2.7%

1.0%

9M079M06

1.6%

2,349

1,630

3,979

2,349

1,567

3,916

3Q072Q07

791

567

1,358

781

541

1,322

823

522

1,345

2,349

3Q07 | 19

Fees from Services Rendered

R$ Million

Total fees from services rendered

Banking fees and commissions

Credit Cards(1)

Assets under management

2Q073Q07 3Q06

Serasa(3)

Subtotal

Other fees

(1) Hipercard + Unicard

9M07 9M06

(2) In 3Q07, Unibanco changed its participation in Redecard from 31.9% to 23.2%

Redecard(2)

(3) In 3Q07, Serasa’s result was accounted by the equity income method

492

89

910

493

90

885

141 114

37 35

816 794

94 97

556

88

925

144

-

881

93

1,530

257

2,704

406

71

2,470

277

1,384

277

2,600

323

96

2,270

286

57 5644 163 234

3Q07 | 20

Efficiency

Revenues

R$ Million

Efficiency Ratio Expenses

3Q073Q04

2,988

1,414

3Q05

2,136

1,308

3Q06

2,575

1,323

2,913

1,434

61.2%

47.3%

51.4%49.2%6.5%

4.4%

6.3%5.9%

Cost to Assets

3Q07 | 21

1,084

650

118

(68)

35

88

843

526

109

(77)

23

74

3Q07 2Q07 3Q06

883

697

116

(70)

30

66

75 8264

Income Statement Summary

9,218

45.0%

7,856

48.3%

9,543

44.5%

94.6% 95.6%95.6%

R$ Million

Insurance and Pension Plans

9M07 9M06

2,621

1,487

295

(198)

82

263

3,109

1,971

340

(201)

101

223

250192

50.3%45.5%

94.5%94.9%

9,543 7,856

Net premiums written

Premiums earned

Industrial result

Personnel and administrative expenses

Operating income

Net Income

Financial & equity result

Technical Reserves

Loss Ratio

Combined Ratio

3Q07 | 22(*) As of November 6th, 2007

Sep-06 Dec-06 Mar-07 Sep-07Jun-07

UBB178

UBBR11 157

R$37.7 billion

Unibanco’s Market Cap(*)

Stocks

Units (UBBR11) and GDSs (UBB)

(1) Valid from December 2006 to November 2007.

Ibovespa 2.278

IBrX-50 3.482

ISE Sustainability Index(1) 5.884

UBBR11Sep to Dec 07 Sep to Dec 06

1.881

3.550

5.884

100

May to Aug 05(2)

0.984

2.955

N/A

Index Weighting (%)

(2) Inclusion in Ibovespa.

3Q07 | 23

R$ Million

Average Daily Trading Volume(Bovespa and NYSE)

Units and GDSs

2Q07

254

85

339

151

16

20011997

121

13

121

13

1999

Units (UBBR11)

GDSs (UBB)

2006

144

31

175

3Q07

362

466

104

2005

65

1984

2003

25

283

172

43

215

1Q07

42%

22%

37%

3Q07 | 24

Ratings

Moody's Investors Service upgraded, on August 23th, 2007,

the long-term foreign-currency subordinate perpetual bond

ratings of Unibanco Grand Cayman to Investment Grade

3Q07 | 25

Sustainability

Carbon Credits

Unibanco is one of the best companies to work for in

Brazil, according to “Exame” and “Você S/A” magazines

Human Resources

Unibanco signed with Japan Bank for International Cooperation (JBIC) the first

financing agreement between Brazil and Japan for CDM (Clean Development

Mechanism) projects, which are focused on the carbon credit market

In September 2007, Bandeirantes Thermoelectric Plant

concluded the world’s first auction of carbon credits. The

power plant is the largest of its kind in the world, and arose

out of an Unibanco Project Finance operation

3Q07 | 26

Subsequent Event

Number of shares sold by Unibanco 23,314,228

R$23.00Price per share

Bovespa’s IPO

R$536 millionTotal value of the sale

3Q07 | 27

Unibanco APIMEC Meetings 2007

Porto Alegre

Hotel Sheraton

November 22nd, 6pm

São Paulo

Buffet Rosa Rosarum

December 3rd, 3:30pm

Unibanco Day

New York

NYSE – New York Stock Exchange

December 11th

Save the Date

3Q07 | 28

Unibanco and Unibanco Holdings, S.A.

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, Junkets, 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 in duty to update any of the projections contained herein.

Investor Relationsphone: 5511-3584-1980

fax: 5511-3584-1585email: investor.relations@unibanco.com

website: www.ir.unibanco.com