Bovespa: São Paulo Stock Exchange.

CAGR: Compound annual growth rate.

Company or Banestes: Refers to Banestes S.A.

CVM: Brazilian Securities and Exchange Commission of Brazil.

IFRS: International Financial Reporting Standards.

Regulation S: Regulation S of the Securities Act.

Rule 144A: Rule 144A of the Securities Act.

SEC: U.S. Securities and Exchange Commission.

Securities Act: U.S. Securities Act de 1933, as amended.

US GAAP: Accounting practices generally accepted in the U.S.