SUSTAINABLE GROWTH

2013 Stretch of the Costa dos Coqueiros Eco-Corridor in Bahia, where the Forest Factory program is reforesting and preserving the environment with the support of Braskem. ODEBRECHT 2013 Sustainable growth Sustainable Odebrecht 2013 is the publication that sums up the performance of all Odebrecht Group growth is the Businesses in 2012. In addition to presenting result of the ethos consolidated economic and financial data, it of service and the showcases our main achievements and the ongoing growth most significant indicators for our operations. and development e day-to-day practice of serving individual of the Odebrecht Clients has led our teams to increase their Group’s Members. presence in sectors where we have already established operations, and take on fresh challenges in new strategic areas. As a result, our Businesses' supply of goods and services and investments have grown steadily in recent years, positively impacting all of the Group’s indicators.

is sustainable growth is generated by our ethos of service and the continuous personal and professional growth of our Members, who offer their Clients integrated, innovative solutions that are committed to sustainability in all its aspects. The Odebrecht Group 4 Message from the Chairman of the Board 8 Message from the President and CEO 10 Contents Indicators for 2012 Financial Indicators 12 Exports 14 People 16 People Development Programs 22 Encouraging Productivity, Creativity and Knowledge Generation and Reuse 24 Health, Workplace Safety and Environment 26

Businesses Odebrecht Engenharia Industrial (Industrial Engineering) 36 Odebrecht Infrastructure - Brazil 38 Odebrecht Infrastructure - Africa, Emirates and Portugal 40 Odebrecht Infrastructure - Latin America 42 Odebrecht Realizações Imobiliárias (Real Estate Developments) 44 Odebrecht Ambiental (Environment) 46 Odebrecht Latinvest 48 Odebrecht Oil & Gas 50 Odebrecht Properties 52 Odebrecht TransPort 54 Braskem 56 Estaleiro Enseada do Paraguaçu (Shipyard) 58 Odebrecht Agroindustrial 60 Odebrecht Defesa e Tecnologia (Defense & Technology) 62

Investments 64 Support Companies 66 Social Programs 68 Cultural Programs 72 Executives of the Odebrecht Group 76

Stretch of IIRSA Norte in Peru that required an innovative construction solution. The 955-km route runs through the northern part of the country, linking the seaport of Paita with the city of Yurimaguas. < > Odebrecht 2013 4 5

The Odebrecht Group Organizational Macrostructure

Odebrecht S.A. Businesses A global organization of Brazilian origin, Odebrecht maintains an

unwavering commitment to ensuring its Clients’ satisfaction, CONSTRUTORA NORBERTO ODEBRECHT generating value for Shareholders, developing the Communities ENGINEERING & CONSTRUCTION ODEBRECHT ENGENHARIA INDUSTRIAL where it is present, and ensuring its Members’ personal and BOARD PRESIDENT AND CEO SHAREHOLDERS OF DIRECTORS professional fulfillment. ODEBRECHT INFRASTRUCTURE BRAZIL

Present worldwide with diversified businesses and a decentralized ODEBRECHT INFRASTRUCTURE AFRICA, EMIRATES AND PORTUGAL structure, the Group is active in the Engineering & Construction and ODEBRECHT INFRASTRUCTURE CLIENTS Industrial sectors and develops Infrastructure and Energy ventures. LATIN AMERICA COMPANIES AND SUPPORT ENTITIES ODEBRECHT REALIZAÇÕES IMOBILIÁRIAS Since 1944, the year the Group was founded, its Members have shared

a common touchstone, the Odebrecht Entrepreneurial Technology ODEBRECHT ODEBRECHT AMBIENTAL COMERCIALIZADORA (TEO), formulated on the basis of philosophical concepts that guide DE ENERGIA ODEBRECHT PREVIDÊNCIA them and keep them on the path of Survival, Growth and Perpetuity. ODEBRECHT LATINVEST

ODEBRECHT CORRETORA DE SEGUROS ODEBRECHT OIL & GAS PATH Odebrecht Entrepreneurial Technology (TEO) ODEBRECHT PROPERTIES Survival Grounded on humanist values, TEO is the Wherever they are in the world, and no ODEBRECHT TRANSPORT Growth basis of an entrepreneurial culture centered matter what challenges they face, with on action, with a focus on education and the guidance and mentoring of Educational ODEBRECHT FOUNDATION BRASKEM Perpetuity work. This interlinked set of Principles, Leaders, Odebrecht Group Members Concepts and Criteria provides the ethical, cultivate and practice the ethos of service, ESTALEIRO ENSEADA DO PARAGUAÇU moral and conceptual pillars that the confidence in people, and the power to grow, Odebrecht Group’s Members require to develop, and outperform previous results. work with a common strategic direction, ODEBRECHT AGROINDUSTRIAL unified thinking, and consistent actions. ODEBRECHT DEFESA E TECNOLOGIA

ETHOS OF SERVICE RESULTS COMMUNICATION SYSTEM < > Odebrecht 2013 6 7

The Odebrecht Group Growth Odebrecht is a confederation of small firms. Each small firm operates like a business unit that interacts based on directly with the Client. It could be a construction project, small firms an industrial plant or a public service concession. Small firms are led by entrepreneur-partners and made up of a team focused on their firm’s specific activity. A school for the Odebrecht Group’s entrepreneurs, each small firm is lean, agile, and productive. Altogether, these small firms make up large firms or Businesses. Each Business has its own Entrepreneurial Leader (CEO), who works with their team to run the small firms that comprise it. There are approximately 500 small firms in the Odebrecht Group today, organized in 15 Businesses. The results of these Businesses are consolidated in the Group’s holding company, Odebrecht S.A., where the Shareholders’ representatives administer the Group’s overall investments. Odebrecht’s reason for being stems from the Communities’ real needs, which are met by small firms whose leaders are close to their Clients and therefore can better understand their needs, visualize opportunities, and offer appropriate solutions that will generate new forms of wealth for Clients, Members, and Communities. The results flow toward the large firm and reach the Shareholders. This is how the Odebrecht Group as a whole keeps to the path of Survival, Growth and Perpetuity, with its small firms focused on Survival, large firms on Growth, and the holding company on Perpetuity. < > Odebrecht 2013 8 9

Message from the Chairman of the Board

Eiomíl Odebrecht

In many ways, and in different areas and fields, the Odebrecht Group has sought to contribute to the dissemination of knowledge at the most basic levels, such as lite- racy, as well as in technical education, management development, grooming entre- “Our growth must preneurs, and promoting research. We cannot, however, miss out on opportunities to influence the larger Brazilian context. It is not and never has been our intention always result from to take on the role of the State, but we will always support effective initiatives that a real contribution improve education and associate economic growth with decreasing levels of poverty, inequality, to our Clients’ and social inclusion, which also means increasing access to knowledge. businesses and At Odebrecht, we always have our eyes on the future. The place we want Not only in Brazil but wherever we are present, we focus on our role as drivers of development. the sustainable to reach tomorrow determines our actions today. Therefore, while con- Particularly in Africa, Latin America, the Caribbean, and other regions seeking to emerge and gratulating our Members for the results achieved in 2012, we are already join the international market, we reject colonialist presumptions, welcome local Members’ and development of starting to think about the challenges we want to overcome to continue our partners’ input, and take a committed and collaborative stance when offering our expertise to the Communities sustainable growth. help plan the paths to growth, according to the self-determination of each sovereign nation. Confident in the future of these Communities, we generate wealth, groom professionals, trans- We know that our growth will only keep going over the years if it results from we serve” fer technology, organize educational, environmental and social inclusion programs, and build a real contribution to our Clients’ businesses and the sustainable develop- long-term relationships of trust with each of them, with an emphasis on the construction of ment of the Communities we serve. intangible assets in an environment where the ethos of service always prevails. Therefore, when we look ahead, what really matters to us is identifying the right conditions for We are 175,000 Members strong, active in 26 countries, and have been operating outside Brazil making sustainable development grow and improve, while seeking ways to induce the condi- for over 30 years. We also have ambitious aims, such as adding more jobs for increasingly qua- tions required for it to keep going. lified candidates in order to meet the needs of our current and future Businesses. To continue One aspect that keeps us aware that our own growth is not, cannot, and should not be dissocia- working with these high levels of social commitment and results, we must embark on a new ted from this overall undertaking is the human aspect of sustainable development. In this sense, stage of international expansion. Through redoubled efforts to acculturate our Members and it is key to absorb qualified Members who can achieve increasing levels of productivity, which is imbue them with the Odebrecht Entrepreneurial Technology, we will ensure that an increasing a determining factor for the Survival, Growth and Perpetuity of our Group. number of local Members hold leadership positions in the countries where we are present.

We are living in the Age of Knowledge, and knowledge is and will increasingly become the By 2020, we also want to be an organization that is known worldwide, recognized for its entre- dividing line between people with access to the highest standards of quality of life and those preneurial philosophy and expertise in the production of tangible and intangible wealth, as well who are excluded; between organizations that perpetuate themselves and those which are as for not pursuing that wealth opportunistically, at the cost of sacrificing our values. We want destined to disappear; between developed and developing nations. The more an individual, an our Clients to evaluate us based on their satisfaction with the quality of our products and ser- organization or a nation acquires and applies knowledge, the better their competitive position vices, the solutions we offer to achieve their priorities, and our contributions to their intangible will be, and the better able they will be to take on new and greater responsibilities. assets. We want to be evaluated on the basis of our contribution to sustainability, particularly when it comes to people’s safety, quality of life, and development. We want to be a role model In Brazil, however, we are facing a paradox that must be overcome, and quickly. We rank among and dream job for young people who identify with the concept that we build up our expertise the world’s largest economies, coming in sixth or seventh, but we are still in 88th and 84th on the basis of ethics and morals that are non-negotiable. This is how we stay on the path of place, respectively, in the UNESCO Education Index and the UN Human Development Index. Survival, more and continued Growth, and Perpetuity. < > Odebrecht 2013 10 11

already active there. Braskem, which marked its 10th anniversary in 2012 as the leading petrochemical company in the Americas, opened new units in the Brazilian states of Alagoas and Rio Grande do Sul, and continued its international expansion in Message from the United States (where it is that country’s main polypropylene producer), Mexico, and Germany. Odebrecht Agroindustrial, formerly ETH Bioenergy, is embarking on its first international operations in Angola, where it is deploying an ethanol production the President and CEO venture. And Odebrecht Oil & Gas, which now owns the seventh-largest fleet of drilling rigs and deep-water production platforms in the world, is developing new M arCELO Bahia Odebrecht initiatives in Angola and Venezuela.

In Engineering & Construction, we celebrated 20 years of operations in Venezuela, 25 in Argentina, 20 in Colombia, 25 in Ecuador, 20 in Mexico, and 10 in the Dominican Republic – dates that reflect our firm commitment to establishing a permanent pre- sence in these and the other countries where we operate. In 2013, we are completing “Continuous growth has 25 years in Portugal and 10 years in the UAE. been Odebrecht’s calling In Brazil, we have bolstered our operations as builders and investors with an empha- The Odebrecht Group’s growth is sustainable because it is focused on sis on projects that help the Brazilian Government achieve its goal of overcoming since its inception 69 years people. They are the beginning, means, and end of all our achievements. ago. To achieve that goal, the infrastructure deficit in this country. In addition to making investments in Energy, we reinvest a significant Our Shareholders provide us the necessary conditions for investing which made it possible for the Santo Antônio Dam to go online in the state of Rondônia nine months ahead of schedule, last year we also invested in basic sanitation (water and sewer) in share of the results of our and the philosophical basis for our operations – comprised of princi- ples, concepts, values, and beliefs – and we repay them by producing 160 Brazilian municipalities (12.2 million people serviced); in transportation, operating 700 km of operations in productive the results they expect. We also offer our Members the conditions roadways; in urban mobility, transporting 540,000 passengers per day on commuter trains in sectors of the economy” they require for self-development so they can create and deliver Rio de Janeiro, and 600,000 on the São Paulo Metro; in affordable housing construction, and in high-quality, productive solutions that are useful to their Clients, who creative solutions for urban development, particularly in Rio de Janeiro, where we partnered up are our reason for being. In the communities where we are present, we help transform social, with the City Government to carry out a revitalization project for Rio’s docklands. environmental, and cultural realities to improve people’s lives. In all these Businesses, our growth is based on the real needs of our Clients, which are met Continuous growth has been Odebrecht’s calling since its inception 69 years ago. To achieve by small firms that groom our entrepreneur-partners through the daily practice of education that goal, we reinvest a significant share of the results of our operations in productive sectors through work. That is where they apply the discipline that creates respect and consolidates of the economy. In 2012, the total amount invested reached BRL 13 billion (USD 6.4 billion), and trust, learning to make decisions, control costs, avoid wastage, and seek operational excellence we plan to invest another BRL 53 billion (USD 26 billion) in the next three years. Our Gross at all times. They also learn to support the development of the communities where they work Revenue totaled BRL 84 billion (USD 41 billion) in 2012, putting our average growth at 20% over through initiatives aimed at improving social and environmental conditions, while creating work the last decade. and income opportunities, and access to cultural goods. Deployed by our company and the Odebrecht Foundation, these initiatives in 2012 invested BRL 109 million (USD 53 million) in 1,814 Going beyond these financial indicators, our Businesses grew in several areas in 2012, inclu- Communities, benefiting more than 850,000 people. ding diversification. We began offering defense solutions to the Brazilian Government through Odebrecht Defesa e Tecnologia (Defense & Technology); we increased our presence in the Being attractive to young people and generating work opportunities through our growth led us shipbuilding and offshore segment by creating the Estaleiro Enseada do Paraguaçu shipyard, to number more than 160,000 Members with up to five years in the organization by the end of and obtained the expertise required to spearhead projects in the entertainment and real estate 2012. They are being groomed to ensure that we stay on our path of sustainable growth. The assets management sectors through Odebrecht Properties. challenge we face is considerable, but we have the key: mature Educational Leaders steeped in our corporate culture who pass it on to others, on the job, from day to day. A key change in our business portfolio was the creation of Odebrecht Latinvest, focused on transport and logistics infrastructure in Latin America, and the Odebrecht Africa Fund, which Through the renewing energy of youth and the guidance of our more experienced Members, concentrates on investments in that continent. These two new subsidiaries are bolstering our we will continue to stress our five priorities: valuing People, constantly growing Productivity, traditional role as investors in those regions, where we are increasingly active in projects that seeking Synergy among our Businesses, honing our Image, and achieving Sustainable Growth. are helping overcome local challenges. All the while, we will preserve our most precious asset – our culture – which enables us to carry on forming increasingly qualified teams imbued with the ethos of service, being of use to their Our industrial subsidiaries are also continuing their investment programs in Brazil and other Clients and Communities, and carry the conviction that people are the source, essence, and countries, where they have established productive synergies with the Odebrecht companies meaning of everything we do. < > Odebrecht 2013 12 13

In dicATORS for Gross BRL 84,431 2012 Revenue Change 2011-2012 (in millions) +20.25% USD 41,317***

Financial Indicators per per Total geographic Business Assets BRL 121,505 area (in millions) USD 59,459

Eitb da Value Added Statement (in millions) 34.6% En gineERIng & Construction 56.6% Bar zil BRL thousands USD thousands 2.6% Odebrecht Realizações Imobiliárias 27.7% Latin America & BRL 8,286 Revenue 84,832,813 41,513,488 (Real Estate Developments) Caribbean USD 4,055 1.7% Odebrecht Ambiental (Environment) 12.5% North America, (+) Sales Revenue (Gross Revenue) 84,430,826 41,316,773 1.7% Odebrecht Oil & Gas Europe and Asia/ PER 1.8% Odebrecht TransPort Middle East (+) Other Revenue 454,515 222,420 BUSINESS Net Profit 49.9% BRASKEM 3.2% africa (Loss)* (-) Allowance for Loan Losses 52,528 25,705 2.5% Odebrecht Agroindustrial 3.0% Odebrecht Participações e Investimentos (in millions) (-) Payment of Third Parties (Inputs Purchased) 60,664,381 29,686,509 (Holdings and Investments)1 0.3 % O dEBRECHT ENERGIA (ENERGY)2 BRL (1,582) (=) Gross Value Added 24,168,432 11,826,979 3 2.0% O dEBRECHT S.A. and other USD (774) (-) Depreciation and Amortization 3,710,479 1,815,747

1 Includes attests of the Odebrecht Latinvest, Odebrecht Properties and Estaleiro Enseada do Paraguaçu businesses. (+) Value Added Transferred 3,116,221 1,524,943 2 2012** 20.3% En gineERIng & Construction The Odebrecht Energia Business became the Odebrecht Energias Brasil Investment in the first half of 2013. Odebrecht S.A. 3 (=) Value Added for Distribution 23,574,174 11,536,175 10.7% Odebrecht Oil & Gas Includes Odebrecht Defesa e Tecnologia. Shareholder’s Equity 33.9% Braskem (in millions) Compensation for Work (Members) 10,758,541 5,264,762 8.9% Odebrecht Agroindustrial BRL 17,317 Governments (Taxes) 3,322,233 1,625,756 26.3% Other USD 8,474 Return on Third-Party Equity 11,075,108 5,419,676 Return on Equity (Shareholders) (1,581,708) (774,019) 2011 Odebrecht S.A. Value Added Distributed 23,574,174 11,536,175 BRL 70,211 Shareholder’s Equity USD 37,430 (not including minority Change 2010-2011 +30.76% Shareholders) (in millions) BRL 7,841 2010 USD 3,837 BRL 53,860 USD 32,325

Change 2009-2010 2009 +27.17% 2008 BRL 42,354 BRL 40,954 USD 24,325 USD 17,524 Change 2008-2009 + 3.42%

* The BRL 1,582-million/USD 2,215-million loss was due to the accounting effect of foreign exchange (net), mainly for Braskem, without financial impact (cash) on the company, due to the natural hedge of revenue and expenses (in US dollars). ** The restated amounts shown for 2009, 2010, 2011 and 2012 are in accordance with the standards of the Brazilian Financial Accounting Standards Board (CPC). *** USD 1.00 = BRL 2.0435 (at December 31, 2012) for all amounts shown in this report. < > Odebrecht 2013 14 15

In dicATORS for 2012

Exports Engineering & Construction Odebrecht is one of Brazil’s leading service exporters of (Exports from Brazil, not including services provided in other countries) goods and services. Our long track record, the quality of our relationships with the Communities where we USD 2,891 286,236 are active, and our financial engineering and project brazilian companies that supply work opportunities goods and services to projects in directly and financing capacity for major ventures qualify the Group’s 1,431 million other countries indirectly created subsidiaries to take part in major international projects. in Brazil in foreign exchange L generated for Brazil S through exports of S 1,720 goods and services L Brazilian expats working on Odebrecht projects in other Value of exports countries USD 625 318.7 million expats of other nationalities 1,293 GOODS 517 Small Firms (S) 60,380 776 Large Firms (L) items exported 1,598 SERVICES 1,438 Small Firms (S) 160 Large Firms (L)

Braskem Odebrecht Agroindustrial

USD USD 307,000 8 billion 159.8 million metric tons in exports of of sugar exported to thermoplastic resins in sugar exports and basic petrochemicals to Latin America, the Middle East and Asia 70 countries < > Odebrecht 2013 16 17

In dicATORS for 2012

People Odebrecht Group

2012

2011 159,077 175,031 Members

2010 118,817

Change 2011-2012 + 10%

Young Members of Odebrecht Realizações Imobiliárias in Nova Friburgo, RJ: Front row, from left, Rodrigo Zarur Kornalewski, Marcela Negreiros Guimarães Pinto and Roberto Magalhães Vieira. Rear, from left: Livia Carvalho Neto de Melo, Gabriela Durão Silva, André Duarte Pinto, Fabrício Nóbrega Bezerra and Camila Magnani Marinheiro. 2012 2011 86,604 2012 93,533 2012 2010 2011 61,577 2011 1,309 1,539 Third Parties 1,196 2010 1,361 Interns 953 Young Partners 2010 Change 2011-2012 Change 2011-2012 512 Change 2011-2012 + 8% +14% +18% < > Odebrecht 2013 18 19

In dicATORS for 2012

Members per Business People

O dEBRECHT Engenharia Industrial 32,501

Odebrecht Infrastructure Brazil* 53,315

Odebrecht Infrastructure AFRICA, EMIRATES AND PORTUGAL 14,911

Odebrecht Infrastructure LATIN AMERICA 25,862

Reynaldo Aquino Laurencio, from Odebrecht Infrastructure – Latin America. Odebrecht Realizações Imobiliárias 7,929

Odebrecht Ambiental 4,572

Odebrecht Energia** 101

Odebrecht Latinvest 2,006

Odebrecht Oil & Gas 2,889

Odebrecht Properties 118

Odebrecht Transport 4,174

Braskem 7,644

Odebrecht Agroindustrial 15,253

Estaleiro Enseada do Paraguaçu 1,770

Odebrecht Defesa e Tecnologia 888

Odebrecht S.A. AND OTHER*** 1,098

From left, Denise Dantas, Ana Paula da Silva, and Elizabeth Regina Monteiro, from Odebrecht Infrastructure, in Rio de Janeiro. * Includes 17,082 Members from Odebrecht E&C Energia ** The Odebrecht Energia Business became the Odebrecht Energias Brasil Investment in the first half of 2013. *** Includes Support Companies, Odebrecht Foundation, and Members providing Support for Engineering & Construction companies < > Odebrecht 2013 20 21

In dicATORS for 2012

People Members per nationality

127,166 Brazilians 73% 47,865 Other nationalities 27%

Angolans 10,905 Peruvians 7,269 Venezuelans 6,817 Argentines 5,148 Panamanians 4,862 Cubans 2,358 Mozambicans 1,979 Colombians 1,806 Mexicans 1,715 Ecuadorians 1,472 Americans 883 From left, Raphaela Vasiliaukas, Margarete da Silva Nascimento, Monique Camelo Reiners Moreira, Francisco João Domingos Sebastião, an Angolan Member of Dominicans 823 and Bruna Cecilia Ramos, from Odebrecht TransPort, at the Embraport Terminal in Santos, SP. Odebrecht Infrastructure – Africa, Emirates and Portugal, at the Cambambe Dam construction site. Libyans 375 Bolivians 332 Paraguayans 217 Portuguese 205 Distribution per gender 151,327 23,704 Germans 153 Per country/region Spaniards 88 Men Women Chileans 48 Filipinos 38 Indians 34 86.5% 13.5% Haitians 26 Uruguayans 26 Frenchmen 23 Women represent 13.5% of the total Ghanaians 21 2010 2011 2012 number of Group Members, due to the Britons 19 Poles 19 large presence of men in the Engineering Dutch 18 IN THE GROUP & Construction companies (77%). Italians 18 Croatians 15 The percentage of women is growing in Canadians 11 the industrial companies and public service Other* 142 concessionaires: 17.3% at Odebrecht 2010 2011 2012 76,540 110,431 125,314 71.6% Bar zil *Australians, Austrians, Belgians, Chinese, Congalese, Congolese, Costa Ricans, Danes, Egyptians, Guineans, Agroindustrial and 20.0% at Braskem. 22,436 31,842 33,688 19.2% OTHER LATIN AMERICAN COUNTRIES Hondurans, Iraqis, Irish, Japanese, Jordanians, Kenyans, At Odebrecht TransPort, women make up 14,535 15,068 14,719 8.4% africa Lebanese, Lithuanians, Malians, Mauritanians, Moroccans, 670 845 926 0.5% USA Nicaraguans, Nigerians, Pakistanis, Palestinians, Romanians, Russians, Salvadorans, Santomeans, Singaporeans, 37% of its Members. 306 447 283 0.2% EUROPE South Africans, Surinamese, Swedes, Swiss, Syrians, Tunisians, 4,330 403 101 0.1% ASIA/MIDDLE EAST Turks, Ukrainians, and Vietnamese. < > Odebrecht 2013 22 23

In dicATORS for 2012

People Development Programs

Technical Acreditar Program Total Acreditar Program Participants – and operational 2008-2012 Odebrecht created the Acreditar (Believe) programs Program to facilitate the priority hiring of 119,447 Focused on local workers in localities where the Group is improving active. This collaboration with the Brazilian professional expertise Ministry of Social Development allows men and skills. and women to acquire the job skills needed to meet the requirements of the Group’s business operations, while prioritizing can- Total Marcelo Odebrecht, President and CEO of Odebrecht S.A., takes a question from a young enrollments didates who are taking part in Brazil’s Family Group Member during his talk at the Program for Developing Entrepreneurs (PDE). in 2012: Grant Program. The program has also been deployed in nine 1,015,895 other countries where the Odebrecht Group Acreditar Junior Program Strategic programs A professional education program that is present. Focused on honing key expertise for strategic prepares youths aged 14 to 17 for the job Members in leadership roles. market. To qualify, they must be in at least Acreditar Program Participants in 2012 the sixth grade of elementary school. Total enrollments in 2012: 53,610 They receive 50% of the minimum monthly 17,925 salary throughout the program, as well as 27,588 full employment benefits, bus passes, and health insurance. 13,191 37,415 Partnerships with Universities Acreditar Junior Program Participants and Educational and Research 9,568 Institutions 2,680 19,486 Odebrecht Group companies maintain 2,177 partnerships with 4,448 288 universities and educational and research

3,063 3,869 34,675 8,299 779 institutions, including 198 in Brazil and 530 90 in other countries. BRAzIL OTHER BRAzIL OTHER COUNTRIES COUNTRIES 359 1,204

Enrolled Graduated Hired Enrolled Graduated Hired 2012 TO DATE

Enrolled Hired Graduated

Carpenter Edivone Araújo da Gama: a graduate of the Acreditar Program, she is working on the Santo Antônio Dam project in Porto Velho, RO < > Odebrecht 2013 24 25

In dicATORS for 2012

Encouraging Productivity, Creativity, and Knowledge Generation and Reuse

Odebrecht Award for Knowledge Communities Sustainable Development The aim of the Knowledge Communities Open to undergraduates, this award en- program is to disseminate the knowledge courages college students to think about that Group companies generate through- engineering from the perspective of sus- out the organization. They bring together tainability and produce knowledge on that Members who are interested in key topics subject. The fifth edition in Brazil received and want to share their knowledge and 102 entries. In 2012, the award program was innovations, forming environments that also deployed in Angola, Argentina, the Do- foster the practice of in-house consulting. minican Republic, Panama, Peru, the United States, and Venezuela. That year, a total of In 2012, the Communities held 11 meet- 356 projects vied for the awards in eight ings that involved 1,045 participants from Jouse Yaneth Rivas de León with her children at home in the Curundú community, Panama City. Jouse worked on the revitalization works carried out by Odebrecht different countries. Students, their faculty all the countries and Businesses in which in her community, and helped build her own home. The Curundú project won the 2012 Highlight Award in the Community Relations category. advisors, and their universities each receive Odebrecht is active. The 283 forums on cash prizes. The students also have an op- the Communities’ websites generated 680 portunity to intern at Odebrecht. interactions to swap suggestions, clear 2012 Highlight Awards Highlight Awards 2012 Highlight Awards up questions, and give support for Group Members’ challenges. Participating countries: Angola, Argentina, Odebrecht teams are encouraged to Brazil, Colombia, Cuba, Dominican Republic, Communities 573 focus on opportunities to increase their Guinea, Mexico, Mozambique, Panama, Peru, productivity and reuse the knowledge Project Management, Dams and Power entries from Portugal, United States, and Venezuela. generated through their work experience. Plants, Buildings, Real Estate Ventures, 14 countries This annual, in-house competition Categories: Added Value for Clients, Environmental Engineering, Subsea Infra- provides an incentive for that practice, Innovation, Young Partners, Environment, structure, Roadways, Engineering Sys- reinforces the culture of recording work, Continuous Improvement, Community tems, Procurement and Logistics, Sustain- and disseminates knowledge by bringing Relations, Knowledge Reuse, and Health & ability, Information Technology, and Rail together the best creative initiatives. Workplace Safety. Transportation. Since this program’s inception, 3,485 ;;Publication of the first edition of the projects have competed for the awards. first Collection of Best Practices from the Real Estate Ventures Community.

Dante Venturini de Barros, from Odebrecht Infrastructure – Brazil, and the construction site for the Federal District Administrative Center in Brasilia, which is using a breakthrough construction system in Brazil: hollow polypropylene balls are inserted between concrete slabs, reducing structural weight (by up to 35%) and the cost of foundations. < > Odebrecht 2013 26 27

In dicATORS for 2012 Workplace Safety Indicators

1 Total Accident Frequency Rate 13.72 12.40 Health, Workplace Safety, Lost-Time Accident Frequency Rate 11.13 1 - TAFR – the total frequency rate of accidents with and without lost time and requiring outpatient care per 1 million man-hours worked. The indicator for Braskem does not include first-aid and outpatient care. 2.24 1.86 2.05 2.02 and Environment 2 – Indicators for Odebrecht Infrastructure Businesses 1.16 1.04 (Brazil / Africa, Emirates and Portugal / Latin America) 0.62 0.55 0.32 and Odebrecht Engenharia Industrial. 2010 2011 2012 2010 2011 2012 3 – Periods corresponding to the harvest year (April to March of the following year); 2012 corresponding to April - November 2012. EI NG NEER NG & BRASKEM CONSTRUCTION2

The Odebrecht Group’s consolidated Health, Workplace Safety, and 23.41 Environment programs prioritize the protection of all forms of life and the quality of the workplace. They are based on the culture of 16.14 risk prevention and control and guarantee compliance with legal 14.8 requirements and alignment with the Group’s Sustainability Policy. 10.0 7.42 6.24 1.44 4.56 1.02 All Odebrecht Members, suppliers and subcontractors focus on 0.77 2.19 0.90 the same values and programs within the workplace at the Group’s 2010 2011 2012 2010 2011 2012 Companies. Odebrecht Odebrecht Agroindustrial3 Ambiental

19.03 18.41 Members Covered by Life and Health Life and Health Programs*

9.74 8.31 8.67 Odebrecht Corretora de Seguros is respon- Life Insurance: sible for managing all Life and Health policies 146,413 3.13 3.14 2.93 3.02 for Odebrecht Group Members. 0 0.14 0.58 2010 2011 2012 2010 2011 2012 Health Insurance O dEBRECHT Odebrecht (Members, dependants, OIL & GAS Realizações and extended family): Imobiliárias 187,663 9.31 7.42 Dental Insurance: 6.0 13.35 5.12 103.956 4.58 4.42 0 * Policies active in December 2012. 2010 2011 2012 2010 2011 2012 O dEBRECHT Odebrecht TransPort Defesa e Tecnologia < > Odebrecht 2013 28 29

In dicATORS for 2012

Health, Workplace Safety, and Environment

Environmental Indicators

Engineering & Construction* Environmental Monitoring Site where the Baixo Sabor ;;501,000 of the 670,000 metric tons Dam is being built in Portugal: of solid waste generated – chiefly environmental preservation. Managing Greenhouse Gas (GHG) demolition and paving waste – were Odebrecht ;;Management and treatment of 41,000 Emissions reused or recycled. Realizações Imobiliárias m³ of Produced Water originating from pre-salt oil exploration. ;;Inventory of 65 projects and 9 offices in Brazil and 97 projects and 13 offices 93% ;; ;;The company began inventorying GHG emissions inventory conducted in 16 other countries. of our projects deployed waste sorting its GHG emissions on 28 projects ;; and solid waste recycling programs. at 100% of its units, following the GHG ;;Launch of manual on good practices for in the construction stage and six Protocol methodology. reducing emissions. local offices, and follows the ;;92% GHG Protocol methodology and of our projects deployed environmental ISO 14.064-1 standard. Eco-efficiency indicators education programs. 2012 2012 ;;Utilized 1,553,843 m3 of recycled/ 2011 reused water in internal processes. 2010 135 representing 20.3% of internal water 117 162 2010 41% projects 34% of solid consumption. Inventoried waste 2011 recycled or reused ;;Generated 0.62 kilos of waste per cubic 13% meter of treated wastewater. ;;Reused and recycled 49% of waste 2012 generated by internal processes. Odebrecht Ambiental 74% ;;Consumed 1.60 Kwh of electricity per of solid cubic meter of water produced. waste ;;Study of heat treatment of sludge from 2011 recycled or the Wastewater Treatment Plant in 50% reused Limeira, SP, reducing volume and power ;;Consumed 44.68 GJ of energy per generation by 70%. metric ton of waste treated. 2010 ;;Environmental remediation, treatment 28% of 248,000 metric tons of soil, and environmental recovery of more than 40,000 m2 of contaminated areas.

*Indicators for the Odebrecht Infrastructure (Brazil/Africa, Emirates and Portugal/Latin America), Odebrecht Engenharia Industrial and Odebrecht Energia Businesses. < > Odebrecht 2013 30 31

In dicATORS for 2012

;;Wastewater and energy consumption Odebrecht Agroindustrial indexes per metric ton showed the best results since 2002. Health, Workplace Safety, ;;Recovery of Permanent Preservation Areas (APPs) and Legal Reserve (RL) ;;Water recycling reached 24%, areas in all of the company’s industrial and Environment a milestone in Braskem’s water hubs. management (up from 2% in 2009). ;;Development of biodiversity monitoring programs for plant and GHG emissions animal life typical of the savanna biome. Odebrecht Oil & Gas Braskem ;;The Carbon Disclosure Project – CDP ranked Braskem among the 10 ;;More than 700 hectares of RL and Brazilian companies with the best APP areas reconnected through the ;;Recycled 39% of solid waste produced, Eco-efficiency indicators in 2012 results for base-year 2011, due to creation of biodiversity corridors linked to Morro do Diabo Park, in São Paulo surpassing the target required by its (and compared with 2011) the transparency and quality of its Client, Petrobras, by over 50%. emissions inventory. State, along with the introduction of 82 native plant species, contributing to the Wastewater production: preservation of endangered wildlife, ;; For the second consecutive year, 3 ;; such as the black lion tamarin. Over Odebrecht TransPort 1.18 m /t (10.6% reduction) Braskem was rated Gold by the Brazilian GHG Protocol Program 1.3 million and listed on the São Paulo Stock Cleared up 39 garbage dumps along ;;Water consumption: native seedlings were planted during ;; 3 Exchange’s Carbon Efficient Index the last harvests. the route of the SuperVia railway in 4.23 m /t (5.6% reduction) (ICO2). Rio de Janeiro and reduced the amount of waste that had to be removed from Waste production: the right of way by 43% compared ;; ;;12.8% reduction in GHG emissions ;;35% with 2010. (14.6% reduction) compared with “base year” 2008. reduction in the area of agricultural 2.28 kg/t fires compared with 2011. ;;Energy consumption: 10.59 GJ/t (1.6% reduction) Estaleiro Enseada do Paraguaçu ;;62% of 4,500 metric tons of waste recycled. ;;Rescued wildlife from a 100-ha area Birds in Odebrecht Agroindustrial’s agricultural area: monitoring biodiversity. of native forest, collecting 18,000 individual animals with zero losses. 2010 1.44 m3 2011 2012 ;;Set up a bio-factory that grows native 1.15 m3 3 plant seedlings to reforest the area 1.18* m near the venture in São Roque do of water consumed per Paraguaçu, Bahia, Brazil, with annual metric ton of production of 40,000 seedlings. cane processed. ;;Reforested 100% of the Topá River *The change is due to the start of milling at two new units. Permanent Preservation Area using native species from the bio-factory. The river is the source of Maragogipe county’s water supply. Odebrecht Defesa e Tecnologia ;;Recycled 35% of solid waste generated. < > Odebrecht 2013 32 33

Odebrecht’s Presence

The Odebrecht Group is active in Brazil and another 25 countries

Presence in Brazil AUSTRIA ANGOLA A lAGOAS ARGENTINA Amazonas CHILE Bahia COLOMBIA Ceará CUBA Distrito Federal DOMINICAN REPUBLIC Espírito Santo ECUADOR Goiás EMIRATES Maranhão GERMANY Mato Grosso GHANA Mato Grosso do Sul ALGERIA | ARGENTINA | BAMAKO | BANGLADESH | BELGIUM | BENIN | BOLIVIA GUATEMALA Minas Gerais BULGARIA | BURKINA FASO | CAMEROON | CANADA | CHILE | CHINA | COLOMBIA GUINEA-CONAKRY Pará LI BYA Paraíba CONGO | COSTA RICA | CROATIA | DENMARK | DOMINICAN REPUBLIC Exporting products to MEXICO Paraná ECUADOR | EGYPT | EL SALVADOR | FINLAND | FRANCE | GERMANY | GHANA MOZAMBIQUE Pernambuco PANAMA GREECE | GUATEMALA | GUINEA | HONDURAS | INDIA | INDONESIA | IRELAND 70 countries Piauí

PARAGUAY Rio de Janeiro ISRAEL | ITALY | IVORY COAST | JAPAN | KENYA | KOREA | LEBANON PERU Rio Grande do Norte LIBYA | MADAGASCAR | MALAYSIA | MOROCCO | MEXICO | NIGERIA PORTUGAL Rio Grande do Sul SOUTH KOREA Rondônia NETHERLANDS | PANAMA | PAKISTAN | PARAGUAY | PERU | PORTUGAL

UNITED KINGDOM Santa Catarina PHILIPPINES | SOUTH AFRICA | SPAIN | UNITED STATES | UNITED KINGDOM UNITED STATES São Paulo Log onto www.odebrecht.com.br/relatorio2012 to see the complete ROMANIA | RUSSIA | SENEGAL | SWEDEN | TAIWAN | TANZANIA | TOGO URUGUAY Sergipe list of projects under the responsibility of Odebrecht Group companies VENEZUELA Tocantins in Brazil and the other countries where they are active. TUNISIA | TURKEY | URUGUAY | VENEZUELA | VIETNAM | ZIMBABWE < > Odebrecht 2013 34 35

Construtora Norberto Odebrecht Gross Revenue Eitb da Consolidated Financial Indicators (in millions) (in millions) (at December 2012) BRL 29,229 BRL 2,874 USD 14,303 USD 1,406

Construtora Norberto Odebrecht is the legal entity that consolidates the results of the following Businesses:

Odebrecht Engenharia Industrial Odebrecht Infrastructure – Brazil Odebrecht Infrastructure – Africa, Emirates and Portugal Odebrecht Infrastructure – ­Latin America Odebrecht Energia1

1 The Odebrecht Energia Business became the Odebrecht Energias Brasil Investment in the first half of 2013.

The 3,150-MW Santo Antônio Dam in Rondônia, Brazil: eight of its turbines went online in 2012; the first unit began operations nine months ahead of schedule. < > Odebrecht 2013 36 37

Petroquímica Suape’s PTA, POY, PET Plant, PE. Odebrecht Engenharia Industrial

Integrated engineering, procurement, construction, electromechanical assembly, pre-operation, maintenance, and management services for major industrial projects in various sectors of basic industry, such as oil & gas, chemicals & petrochemicals, mining, steel, pulp & paper, thermal power, fertilizers, and bioenergy in Brazil and other countries. In the United States, where it has been acting since 1992, the company also undertakes civil infrastructure work, for clients both private and public. Based in Miami, Florida, it operates through its subsidiary, Odebrecht USA.

Highlights in 2012 Contracts Awarded ;;Section II of the Logun Ethanol Pipeline The company has consolidated its inter- in Uberaba, MG. national presence through the completion In Argentina, the Rosetti Gas Pipeline. of major projects in Argentina, Chile, the ;; United States, Mexico, Paraguay, Uruguay, ;;In Venezuela, CADCA Marco II for M árCIO Faria and Venezuela. construction of new units for the farm Entrepreneurial Leader (CEO) complex to produce sugar and ethanol. Projects Delivered ;;In Houston, USA, Grand Parkway. ;;Two units in Brazil, Butadiene II in Gross Rio Grande do Sul and PVC/MVC in Creation of Odebrecht Engenharia de Proje- Revenue Alagoas, for Braskem. tos (OEP), an engineering design company Awards and recognition ;;Argentina’s Largest Construction focused on bolstering in-house expertise and Company for the fourth consecutive (in millions) Two refineries, Revap in São José dos ;; providing Clients in Brazil and other countries year, according to Revista Mercado. Campos, SP, and Repar in Araucária, PR, ;;Great Place to Work Award as one of with integrated engineering solutions through BRL 5,997 and construction of jackup platform the Best Employers in Argentina for the development of conceptual and basic Miami Inernational Airport’s North P-59 in Bahia, for Petrobras. the third year running. ;; USD 2,935 designs and detailed engineering. terminal was voted one of the 10 Best ;;In Argentina, five compression plants for Engineering Projects in Florida (USA) the gas pipelines project in Buchanan, according to Florida Trend magazine. Rio Colorado, San Antonio Oeste, Pico Truncado and Manantiales Behr. ;;In the United States, delivered the MIA Mover, in Florida, and LPV 4.2 West Return Floodwall, in Louisiana. < > Odebrecht 2013 38 39

Awards and recognition ;;Milton Vargas Award, for the Odebrecht Infrastructure Environmental Revitalization of Sepetiba Beach, RJ, from Fundações & Most Admired Company in Brazil, ;; Obras Geotécnicas magazine. Brazil Heavy Construction category, according to Carta Capital magazine. ;;Brazil Environmental Award, American Chamber of Commerce of Rio de Provides engineering & construction services for projects in a wide range of Best Engineering & Construction ;; Janeiro, in the Rational Use of Water sectors: transportation & logistics (metros, roads, railways, ports, and airports), Company, according to the Brasil Resources category, for the case mining, energy, sanitation (water and sewer), urban development, and public and Econômico newspaper. study “Sustainable Construction: private facilities (sports arenas, schools, administrative centers, and exhibition Best Construction Company for the Environmental Education Applied and convention centers, among others). Its main differentiators are projects ;; third straight year, according to Revista in Civil Construction, Embraport structured through public-private partnerships (PPPs) and alliance contracts. Ferroviária magazine. Terminal.”

Highlights in 2012 1,150-MW Luiz Carlos Barreto de Carvalho Dam, SP, and continued building four hydro- By the year’s end, the company had made electric plants – Santo Antônio (3.150 MW– significant progress in its commitments to RO), Simplício (334.7 MW – RJ), Teles Pires the 2014 FIFA World Cup and the 2016 Olym- (1,820 MW – MT/PA) and Belo Monte (11,233 pics. The renovation of Maracanã Stadium in MW – PA) – and retrofitting the 1,216-MW Rio and the construction of three arenas – Furnas Dam in Minas Gerais. Corinthians, SP, Fonte Nova, BA, and Per- B eneDICTO Junior nambuco, PE – entered the final stages, and ENTREPRENEURIAL LEADER (CEO) the Olympic facilities in Rio de Janeiro moved Other completed projects forward. The company also continued working on ;;Á guas Limpas Water and Sewer Gross urban renewal projects in Rio, including Porto Program, ES Maravilha in the city’s downtown docklands, Revenue Petrobras Building in Vitória, ES (in millions) and the construction of Line 4 of the Rio ;; Metro (Barra-Gávea-Ipanema). ;;Aquapolo water recycling project, SP BRL 7,363 In Itaguaí, RJ, it completed the Metal Struc- ;;Rehabilitation of road system, East USD 3,603 tures Fabrication Unit (UFEM) for the Brazilian Zone lot, RJ Navy – an important step towards con- structing the Shipyard and Naval Base where ;;Renovation of channels in Campos, RJ four conventional submarines and Brazil’s ;;Renewal of Port Saúde Gamboa, RJ first nuclear submarine will be built. ;;BRT Transoeste Corridor, RJ In the Energy sector, it won a contract to build the 350-MW Baixo Iguaçu Dam in the state ;;Rehabilitation of Sepetiba Beach, RJ of Paraná, completed the retrofitting of the

Metal Structures Manufacturing Unit at the Brazilian Navy’s Shipyard and Naval Base in Itaguaí, RJ: four conventional submarines and Brazil’s first nuclear submarine will be built at this facility. < > Odebrecht 2013 40 41

Odebrecht Infrastructure Africa, Emirates and Portugal

Engineering & construction of transport, sanitation (water and sewer), housing, energy, and mining infrastructure facilities for public and private Clients in Africa, the Emirates and Portugal. Present in Angola for 29 years, Odebrecht is that country’s largest private-sector employer. In 2013, Odebrecht marked 25 years of operations in Portugal and 10 years in the UAE.

Cambambe Dam on the Kwanza River in Angola: bolstering the country’s energy production capacity.

Liberia Awards and recognition ;;Completed the Western Range DSO Iron Ore project. Angola Highlights in 2012 ;;Continued raising the Cambambe Dam and installing the second power house. Portugal ;;Sirius Deloitte 2012 Award in the Best Social Responsibility Program category. Angola ;;Awarded contracts for the electrome- ;;Completed highway for the Baixo chanical assembly of the Cambambe Tejo Concession and expansion of the Model Company in Sustainability award, Completion of the Gove Dam. ;; ;; Dam, diversion of the river to build the city of Porto’s metro as far as Santo bestowed by Exame Angola magazine. Completion of the Benguela-Dombe Ovídeo. ;; Laúca Dam, civil engineering works on ;;Sustainability award from the Projekta Grande, Capanda-Alto Dondo, Caala- the Lobito Refinery, construction of the E rneSTO Baiardi Continued building the Baixo Sabor by Constroi Angola 2012 International Ganda and Cuíma-Gove highways. Esso condominium, the Catata-Lovua ;; ENTREPRENEURIAL LEADER (CEO) Dam, which includes the largest Equipment and Materials Fair for road and the Luanda Road Arteries Completion of the Golfe-Benfica and archeological project on the Iberian Construction, Public Works, Urban ;; project. Posto de Polícia road, and expansion of Peninsula. Development, and Architecture. the Camama-Viana route, part of the Mozambique Ghana Mozambique Gross Structuring Roadways project in Luanda. Completion of the Pier 8 Project in the Revenue ;; Awarded the company’s first contract ;;Model Company in Social Responsibility Completed construction of the Luanda Port of Beira. ;; (in millions) ;; in that country, for the construction from the government of Nacala Beltway and the Luanda-Kifangondo Completion of the first infrastructure of the Eastern Road Corridor project, Province, for social outreach programs and Luanda-Viana routes as part of the ;; facilities for the Moatize coal mine a system that links the capital, Accra, carried out while building Nacala BRL 3,080 Expressways project. project in Tete, and award of a contract with the eastern provinces. International Airport. USD 1,507 Completed construction of Catumbela to expand the project. ;; United Arab Emirates International Airport in Benguela. Continued building Nacala International ;; Mobilization and breaking ground Construction of 3,000 affordable Airport in Nampula. ;; ;; for the Pump Station in Abu Dhabi, homes for the Provincial Social Housing considered the deepest and most Program (PPHS) – formerly the PRP. complex sewage pumping station ;;Completion of the Rios CCC and Águas under construction in the world today. de Benguela water supply projects. < > Odebrecht 2013 42 43

Odebrecht Infrastructure Latin America

Engineering & construction services in Latin America and the Caribbean (except Brazil and industrial projects). Has operations in Argentina, Colombia, Cuba, the Dominican Republic, Ecuador, Guatemala, Mexico, Panama, Peru and Venezuela. This company works in the following areas: sanitation (water and sewer), highways, airports, urban road and rail transport (surface and subways), irrigation and hydroelectric projects, and urban renewal and housing projects, among others. Its Clients include government The 99-km Carhuaz-San Luís Highway in Peru (it includes the Punta Olímpica Tunnel, built 4,738 m above sea level and considered the highest in the world). agencies and private companies. It contributes to the development of the countries where it is present through qualified and sustainable operations, the rational use of natural resources and clean technologies, and the creation of work and income opportunities for the Communities in the vicinity ;;Completed phase 2 of the Panama- Awards and recognition of its operations. Colon Highway and civil construction work on the Dos Mares Dam. ;;Best construction company to work for in Argentina, awarded by the ;;Awarded contracts for the Panama Internacional Merco consultancy firm. City Airport expansion project and phase 3 of the Panamá-Colón Corridor. ;;In Mexico, it received the Cemex Construction Prize from Cimentos Highlights in 2012 Dominican Republic Peru Mexicano, bestowed on the Michoacán Farm Irrigation Project; recognized as Completed the Del Coral Highway Construction of the Chaglla Dam The company’s main achievements for the ;; ;; a Socially Responsible Company by the (70 km), the 80-MW Palomino Dam, (2,500 MW) and the Carhuaz-San Luís year include registration by the UN of the Mexican Center for Philanthropy, and and the rehabilitation of the Jiguey Dam. Highway (99 km). Palomino Project as a Clean Development as one of the best companies to work Mechanism in the Dominican Republic, gen- Award of the Boulevard Turístico del ;;Awarded the Ayabaca-Vado Grande by the Great Place to Work Institute. erating carbon credits that will benefit social/ ;; Li u z Mameri Este (BTE) Highway Project (30 km), Highway PPP Concession (10 km of Certification of greenhouse gas ENTREPRENEURIAL LEADER (CEO) environmental programs in that country. the Reconstruction and Improvement roadways). ;; emissions inventories for the Madden Project for the Carretera Cibao Sur Argentina Began working on the second phase Colón Highway and Curundú Project in (83 km) and the Ecovias Santiago Project. ;; ;;Construction of the Paraná de las of Line 1 of Lima’s Electric Train metro Panama, awarded by the BSI Group. Gross system. Palmas water treatment plant and the Ecuador ;;Socially Responsible Company award, Revenue Soterramiento de Sarmiento (Buenos Venezuela from the Peru 2021 Philanthropic Awarded contracts for the Daule Vinces (in millions) Aires’s subway). ;; Association. Diversion System, Pacifico Refinery ;;Completion of Guaicapuro Station on BRL 12,790 Colombia Earthmoving Operation and Ruta Viva Line 2 of the Los Teques Metro, the ;;One of the best companies to work ;;Completed 70 km of roads for phase 2 of Highway (phases 1 and 2). first stage of the Bolivarian Cable-Car for in the Dominican Republic and one System in Petare and the express of the 10 best companies to work for USD 6,259 the Ruta del Sol highway M exico section of the Mariche Cable Car System. in Central America and the Caribbean, Awarded a contract to build the Corredor Completed earthmoving operations for ;; ;; Final stage of the Tocoma according to the Great Place to Work Transversal de Boyacá highway (15 km). the XXI Ethylene Project and Michoacán ;; Hydroelectric Plant. Institute. Cuba Farm Project (7.3 million m³). Award of the Guanare-Masparro Panama ;; ;;Expansion of the Port of Mariel. Agricultural Project, an industrial ;;Built 1,008 housing units for the complex for sugarcane and grain Curundu Project. production. < > Odebrecht 2013 44 45

Odebrecht Realizações Imobiliárias

Shareholding Development of residential, corporate, commercial, and multipurpose ventures structure that meet the needs and specificities of each different locality and audience, while always maintaining the focus on excellence that sets the company apart. 85.5% Each project is developed by exclusively dedicated Leaders and teams who Odebrecht S.A. seek to satisfy their Clients by delivering products and services that combine 14.5% selectivity, quality, and sustainability. Gávea The company also takes part in the Brazilian Government’s My House, Investimentos My Life program by building condominiums designed to meet the demand for low-cost housing.

Dimension Office & Park, in Barra da Tijuca, Rio de Janeiro, RJ.

Highlights in 2012 program that currently supports 18 pfojects worldwide, selected as ;;Broke ground for the Ilha Pura benchmarks for urban development planned neighborhood, designed in and reduced carbon footprints. partnership with Carvalho Hosken ;;Bosque das Bromélias Units, Salvador, BA. ;;Real Estate Master Pernambuco ;;The company carried on developing award in the Professionals – Social in Barra da Tijuca, Rio de Janeiro. The another 23 projects in the states ;;Parque Valdariosa, Queimados, RJ. first phase includes seven upscale Responsibility category for the of São Paulo, Rio de Janeiro, Bahia, ;;Complexo do Alemão, Rio de Janeiro, RJ. Roles of Life project in Reserva Pula Altit condominiums consisting of 31 Pernambuco, and Rondônia, and the Entrepreneurial Leader (CEO) do Paiva, PE. towers with 17 floors and 3,604 Federal District in 2012. ;;Bairro Novo Porto Velho Units, Porto apartments. With capacity to house Velho, RO. ;;Top in Marketing award for the more than 17,000 people, it will be ;;Delivered 3,360 residential units for LED Águas Claras, DF, and Legend, Jardim Bassoli, Campinas, SP. used to provide accommodations for low-income families through the My ;; SP, projects. Gross athletes and delegations during the House, My Life program (Phase 1). Revenue 2016 Olympic Games. After the games, ;;Seconci Health and Workplace Safety (in millions) the residential condominiums will be Projects delivered Awards and recognition award in the Motivational Campaigns delivered to their end Clients. category for The Garden, SP. The One, a Triple-A corporate building, BRL 2,204 ;; Awarded the first Food Quality Seal ;;Launched 13 developments in the São Paulo, SP. ;;Hailed by Época Negócios magazine as ;; states of São Paulo, Rio de Janeiro, the Most Prestigious Company in the for Civil Construction for the Jardins USD 1,079 Boulevard Side, Salvador, BA. Minas Gerais, and Pernambuco, and ;; Real Estate Development and Rental Mangueiral project, DF. the Federal District (Brasilia), including ;;Dimension, Rio de Janeiro, RJ. category for the third straight year. ;;International Property Award Parque da Cidade in São Paulo, which Vila Grimm, Nova Lima, MG. Ademi-Bahia Award in the Sustainable for the Valongo Brazil venture, SP. consists of 10 buildings with corporate, ;; ;; Management category. residential, hotel, and retail options. ;;Jardins Mangueiral Units, São The city’s biggest launch in 2012, with Sebastião, DF. seals of approval from the Clinton Foundation and C40, an international < > Odebrecht 2013 46 47

Odebrecht Ambiental

Shareholding Invests in sustainable technologies to improve people’s quality of life and preserve structure the environment through its water and sewer, utilities and industrial waste (of Foz do treatment operations. In the area of water and sewer services, it works with local Brasil S.A.) governments and state companies through concessions. In the utilities segment, it operates plants for Clients in the metalworking, oil, mining, steel, chemical, pulp 73.47% & paper, and petrochemical industries. And in the waste treatment segment, it Odebrecht diagnoses and remediates contaminated areas, monitors surface and groundwater, 26.53% and provides energy recovery from solid urban waste. FI-FGTS

Water and Sewer Services Waste Treatment Marcio Lopes, a Member of Foz | Saneatins, Odebrecht Ambiental’s water and sewer concessionaire, visiting a family the company serves in Tocantins. ;;Operates in the Brazilian states of ;;Remediation of environmental Bahia, Espírito Santo, Pará, Rio de contaminants and waste management Janeiro, Rio Grande do Sul Santa services for clients like Petrobras, ;;Inclusion of Cetrel and the Camaçari Awards and recognition Catarina, São Paulo, and Tocantins. Transpetro, Vale, Braskem, Dow, Industrial Complex Water Treatment Oxiteno, Dupont, Chesf, and V&M. National Quality Award in Sanitation Serves approximately 12.2 million Unit in Odebrecht Ambiental’s ;; Fernando Reis ;; – PNQS – Level III, Platinum Trophy in Entrepreneurial Leader (CEO) people in over 160 Brazilian portfolio. Cachoeiro do Itapemirim, ES. municipalities. Highlights in 2012 Award (officialized in February 2013) ;; Action for Water Award, first place in Completed works for the Aquapolo ;; ;; of the PPP to provide sewer services the Direct and Indirect Management Utilities project, the largest industrial water Gross in the Recife Metropolitan Region, PE. Agencies of Municipalities and recycling project in Brazil. Revenue ;;Aquapolo Environmental: for Braskem In consortium with Lidermac, it is now Sanitation Concessionaires segment, (in millions) and other companies in the ABC ;;Consolidation of the operations of responsible for operating sewage in Limeira, SP, organized by the PCJ Paulista Petrochemical Complex. Foz | Saneatins, TO, and beginning collection, removal and disposal Consortium, formed by organizations of operations of the Foz Águas 5 working in the Piracicaba, Capivari, and BRL 1,462 Santa Cruz Unit: for ThyssenKrupp services in 15 municipalities, which are ;; concessionaire, RJ. Jundiaí river basins. USD 715 Steel (TKCSA). home to 3.8 million people. Awarded the concession to provide National Water Agency (ANA), Otacílio Costa Unit: for Klabin. ;; ;;Entered the mining segment through ;; ;; water and sewer services in Redenção, the award of a Total Waste Management Award, in the Business category, for Jeceaba Unit: for Vallourec & Sumitomo PA. ;; (TMW) contract with Vale. the Aquapolo Project. The award EBITDA Tubos do Brasil (VSB). recognizes initiatives that contribute to Awarded a PPP to provide sewer and (in millions) ;; Development of a new business niche – the management and sustainable use commercial management services in ;; Produced Water. of water resources in Brazil. BRL 273 Macaé, RJ. USD 134 < > Odebrecht 2013 48 49

Odebrecht Latinvest

Created in 2012, this company manages assets and invests in transportation and logistics infrastructure projects in Latin America (except Brazil). In addition to consolidating the Group’s current businesses, Latinvest also develops new opportunities in the segments of roads, ports, airports and pipelines. Its initial focus is on Colombia and Peru.

Stretch of Rutas de Lima: expanding and refurbishing 115 km of the main access routes to the Peruvian capital.

Affiliates Logistics Highlights in 2012 Awards and recognition ;;Kuntur Project – operating the over Roadways 1,000-km Andean gas pipeline that will The presence of three road concessions in The IIRSA Norte concessionaire help make southern Peru energy ;; IIRSA Norte – 955 km of roads that Peru (IIRSA Norte, IIRSA Sur and Rutas de received ISO 9001 Certification. ;; self-sufficient. traverse northern Peru from west to Lima) bolstered the company’s presence in east, linking the seaport of Paita with that country and led to the creation of the ;;The concessionaires Interoceánica Jorge Barata the city of Yurimaguas. Operates through the following units: following subsidiaries: Odebrecht Latinvest Sur Tramo 2 and Interoceánica Sur EXECUTIVE DIRECTOR Perú S.A.C, Odebrecht Latinvest Operacio- IIRSA Sur – 656 km of roads that connect In Peru: Tramo 3 won the IRF Award from the ;; nes y Mantenimiento S.A.C, and Rutas de the mountains of Cusco to the border International Road Federation in the Concesionaria IIRSA Norte S.A. Lima S.A.C. with the Brazilian state of Acre. ;; Project Management category for Concesionaria Interoceáncia Sur Tramo The IIRSA Sur concessionaire began “Carretera Interoceánica Sur: A Path Gross Rutas de Lima – operating 115 km of ;; ;; ;; 2 S.A. the operations phase. to Unity and Development,” a case Revenue urban roads, including the three main developed in 2011. (in millions) access routes to the Peruvian capital: ;;Concesionaria Interoceánica Sur Tramo ;;Held the Andean Road Conference in Panamericana Norte, Panamericana 3 S.A. August 2012, in partnership with the The IIRSA Norte route was recognized BRL 1,107 Sur, and Ramiro Prialé. International Road Federation (IRF), ;; Odebrecht Latinvest Perú S.A.C. by the International Finance ;; attended by over 400 people. USD 542 Ruta del Sol (528 km) – Colombia’s Corporation (IFC) as one of the best ;; Odebrecht Latinvest Operaciones y main national highway, linking Puerto ;; ISO 9001:2000 Quality Management PPPs in the world, ranking third in Latin Mantenimiento S.A.C ;; Salgar with the district of San Roque. System Certification for the operator America and the Caribbean. EBITDA ;;Concesionaria Rutas de Lima S.A.C. Odebrecht Perú Operaciones y Servicios. (in millions) ;;Kuntur Transportadora de Gas S.A. BRL 24 In Colombia: USD 12 ;;Concesionaria Ruta del Sol S.A.S. < > Odebrecht 2013 50 51

Main projects underway ;;Renewal until 2020 of the operations Odebrecht Oil & Gas of the North Sea Producer FPSO, in partnership with Maersk. ;;Maintenance and installation of three Statoil exploration and Shareholding Provides integrated solutions for the upstream oil & gas industry in Brazil production units in the Peregrino ;;Charter and Operations of six ultra-deepwater offshore drilling units structure and, selectively, in Angola, Venezuela, Argentina, and Mexico. field (Campos Basin). Acts as investor and operator in the following segments with a focus on for Petrobras. Engineering, procurement, operational excellence and added value for Clients and Shareholders: ;; 81.43% maintenance, and installation services Odebrecht S.A. Offshore Drilling, Subsea Construction, Offshore Production & Logistics, for the Fluminense FPSO, for Shell. Offshore Maintenance and Services, Specialized Well Services, and E&P 13.57% Award Atlantic Oil (Exploration and Production) Management Services. ;;Maintenance and installation of 13 platforms for Petrobras in the Services B.V. Odebrecht Oil & Gas received (Temasek Holdings) Campos Basin. ;; OHSAS 18001: 2007 and ISO 14001: 5.0% 2004 certifications. Gávea Investimentos

Highlights in 2012 ;;Steel cutting (symbolic cutting of the first steel) at the DSME shipyard in South Korea for two PLSVs (Pipe- Odebrecht Oil & Gas in 2012 became the Laying Support Vessels) – ocean- company with the largest number of drilling going vessels that connect oil rigs rigs operating in ultra-deep water under with production systems, marking the contract to Petrobras, through the award of beginning of construction of those a 15-year contract to operate five new units Rbertoo Ramos vessels. in partnership with Sete Brasil (contract for ENTREPRENEURIAL LEADER (CEO) services and 15% equity). When completed, ;;Arrival in Brazil of the Cidade de these new units will join the seven already Itajaí FPSO (Floating, Production, operating, totaling twelve units in all. Storage and Offloading) unit, to begin Gross operations in 2013. ;;Completed the North-South Capixaba Revenue Raso Gas Pipeline: the engineering, ;;Beginning of the Embarcar (Embark) (in millions) procurement and construction of the Program to groom professionals in the project, in partnership with Subsea 7, areas of drilling, subsea construction, BRL 1,459 marked Odebrecht Oil & Gas’s entry seamanship, maintenance, cargo USD 714 into the subsea construction market. shipment, and workplace safety. ;;Began operating three drilling rigs in ultra-deepwater – ODN I, ODN II EBITDA and ODN Delba III – under long-term contracts (7-10 years) with Petrobras. (in millions) ;;Arrival in Brazil of the ultra-deepwater BRL 538 drilling rig ODN Tay IV, to begin USD 263 operations for Petrobras in 2013. The ODN Delba III: drilling rig operating in ultra-deep water for Petrobras. < > Odebrecht 2013 52 53

Odebrecht Properties

Created in 2012 to identify and conceive projects, mobilize the necessary capital, make investments in order to take over the operation of public and private real estate assets, and provide supplementary services to the users of those assets. The company has a diversified portfolio of real estate assets concentrated on areas with clear growth potential in sync with Brazil’s infrastructure needs.

Inaugural soccer game at the Itaipava Fonte Nova Arena in Salvador, BA, one of the venues of the Confederations Cup in 2013. Assets of Odebrecht Properties Highlights in 2012

Began operations on the first Top Marketing Award 2012, bestowed The Itaipava Fonte Nove Arena in ;; ;; ;; Confirmation that the Itaipava revitalized section of Barão de Tefé by the Brazilian Sales and Marketing Salvador, BA, and Itaipava Pernambuco ;; Pernambuco and Itaipava Fonte Nova Street in Porto Maravilha, the first Association in Pernambuco (ADVB-PE) Arena, in Recife, PE – multipurpose arenas would host Confederations Cup step in creating a new reality in the for the Itaipava Pernambuco Arena’s facilities that offer new and better matches in 2013. urban landscape of Rio de Janeiro’s digital strategies project. experiences for the public, including historic city center. felipe jens soccer games, entertainment, and ;;Signing of a contract between the ;;Recognition of Inova BH as one of the ENTREPRENEURIAL LEADER (CEO) culture. Itaipava Pernambuco Arena and the 100 most innovative and inspiring Clube Náutico Capibaribe for the urban infrastructure projects in the Inova BH, Belo Horizonte (MG); Federal ;; soccer club to hold its matches at the world by KPMG. District Administrative Center, Awards and recognition arena for the next five years. Gross Brasilia, DF; Porto Maravilha, Rio ;;Top 10 PPPs 2013 Latin America Revenue de Janeiro, RJ; and Cidade da Copa, ;;Signing of a contract between the ;;International Property Awards, & Caribbean, bestowed on Porto 2012 edition, in the Best Public Service Maravilha by the Infrastructure (in millions) Pernambuco: respectively Public- Itaipava Fonte Nova Arena and Esporte Private Partnerships for infrastructure Clube Bahia soccer club, which will Architecture category for the Itaipava Journal and the International Finance BRL 1,141 in the areas of education, public holds its matches at the arena Pernambuco Arena project. Corporation. administration and urban planning. for a five-year period. USD 558 ;;International ISO 9001Certification ;;The future Odebrecht Building in the ;;Awarded Inova BH, the first basic granted to the Itaipava Fonte Nova Butantã district of São Paulo, SP, and education infrastructure public-private Arena, the first multipurpose arena in Odebrecht’s Salvador headquarters: partnership in Brazil. the world to receive international FIFA EBITDA operating real estate assets for Standard ISO certification. Awarded the contract for Olympic (in millions) private-sector Clients. ;; Park in Rio de Janeiro, a public-private partnership for the construction and BRL 39 operation of an area designed USD 19 for the 2016 Olympics. < > Odebrecht 2013 54 55

Odebrecht TransPort

Shareholding Develops and operates infrastructure and public services ventures in the areas structure of urban mobility and roadways and invests in integrated logistics systems that contribute to Brazil’s development and competitiveness. Odebrecht TransPort’s 70% operations are based on projects structured through concessions, public- Odebrecht S.A. private partnerships and synergies with private companies. 30% FI-FGTS

Section of the Dom Pedro I Corridor in São Paulo, operated by the Rota das Bandeiras Integrated Logistics Systems ;;Creation, in partnership with Ultra Concessionaire. (Ipiranga), of the ConectCar company Embraport: the largest privately ;; for electronic payment of tolls, parking, owned container terminal in Brazil. and fuel. Located in the Port of Santos, when completed it will handle 2 million TEUs ;;Continued working on the Embraport (the unit equivalent to one 20-foot Terminal construction project, container). scheduled to begin operations by July Holdings ;;Rota dos Coqueiros Concessionaire: 2013. operates the 6.5-km Reserva do ;;Logum: responsible for building an Paiva road system in Cabo de Santo integrated ethanol transportation The Engenheiro Constâncio Cintra Urban Mobility ;; Agostinho, PE. logistics system covering five Brazilian highway, operated by the Rota das SuperVia: the largest urban passenger states (MG, MS, SP, GO, and RJ). Bandeiras concessionaire, became the ;; Rota do Atlântico Concessionaire: rail system in Brazil (270 km), with 102 ;; first in Brazil to deploy the Free Flow responsible for construction, Liquiport: port operator that manages stations. Transports over 540,000 ;; system: toll charges proportional to maintenance, and operation of the liquid bulk terminals with estimated passengers daily in Rio de Janeiro and distance covered. 45-km Suape Road and Logistics capacity for handling 90,000 cu.m in 11 other municipalities. P aULO Cesena Complex/Expressway, PE. the Port of Vila Velha, ES. EXECUTIVE DIRECTOR ViaQuatro: responsible for operations Awards and recognition ;; Bahia Norte Concessionaire: operates and maintenance of Line 4- Yellow Line ;; Highlights in 2012 the 121-km state highway system that of the São Paulo Metro (12.8 km), which ;;Average approval rating of 96% on connects the Aratu Industrial Center, Gross transports more than 600,000 people ;;Invested BRL 284 million (USD 139 Rota dos Coqueiros in a user survey the Aratu Port Terminal, the Camaçari per day. million) in SuperVia (the largest carried out by the Social and Economic Revenue Industrial Complex, and Salvador Airport. investment in recent decades), adding Research Institute of Pernambuco (in millions) Otima: urban furniture in São Paulo 41 trains to the fleet and increasing ;; Litoral Norte Concessionaire: manages (IPESP). City, where 7,500 covered bus stops ;; passenger capacity from 266,000 to 217 km of highways in Bahia: the BRL 1,507 and 12,500 information totems will be 1.2 million. Estrada do Coco and Linha Verde, on Best user satisfaction rating (91.2%), installed. ;; USD 737 route BA-099 in Bahia. ;;Awarded project to install and maintain obtained by the São Paulo Metro’s Line Highways urban furniture in São Paulo. 4-Yellow Line, according to the Service Transolímpica Concessionaire: ;; Quality Survey conducted by the Rota das Bandeiras Concessionaire: responsible for building and operating Acquired and broke ground for bulk ;; ;; Datafolha Institute. EBITDA manages the Dom Pedro I Corridor the 12.2-km expressway linking Barra da liquid storage terminals in Espírito (in millions) (296.6 km), the road system that Tijuca and Deodoro in Rio de Janeiro, RJ. Santo, creating Liquiport. runs through 17 municipalities in the ConectCar: operates nationwide in the Campinas Metropolitan Region, Paraíba ;; ;;Awarded project to build and operate BRL 225 segment of electronic payments of Valley and Jundiaí, in São Paulo State. the Transolímpica Expressway in Rio USD 110 tolls, parking, and fuel. de Janeiro. < > Odebrecht 2013 56 57

Shareholding structure Braskem Voting stock: 50.1% Odebrecht A thermoplastic resins producer with a focus on polyethylene, polypropylene, and PVC, 47% Petrobras Braskem provides raw materials for the supply chains of a wide range of manufacturing 2.9% Other* sectors, including the automotive, electronics, personal care and cleaning, household appliances, construction, and agribusiness industries. The leading producer of polypropylene Total equity: in the USA, resins in the Americas, and biopolymers in the world, it sells its products to over 70 countries. 38.4% Odebrecht 36.2% Petrobras The company also produces basic petrochemicals (ethylene, propylene, benzene, and 5.5% BNDESPAR butadiene, among others) and owns 36 plants – 29 in Brazil (in Alagoas, Bahia, Rio de Janeiro, 19.9% Other* São Paulo, and Rio Grande do Sul), five in the United States (in Pennsylvania, Texas, and West

Virginia), and two in Germany (in Wesseling and Schkopau). * Not including shares held in treasury (0.14% of total equity)

Braskem’s PVC Unit in Alagoas: investing BRL 1 billion (USD 489 million) and capacity to produce 200,000 metric tons per year.

Highlights in 2012 ;;Production of 5.9 million metric tons Awards and recognition ;;One of the top 20 model companies of polyethylene and polypropylene for corporate social responsibility in (1.8 million outside Brazil), 1,000,000 Brazil, elected by Exame magazine’s Braskem’s long-term growth strategy and FINEP Sustainable Innovation Award in metric tons of vinyl, and 6.3 million ;; Sustainability Guide 2012, an initiative commitment to supporting the growth of the Large Company category, received metric tons of basic petrochemicals, of Editora Abril, which included its Clients in the Brazilian market resulted for the second year running from the which generated net sales of BRL 35.5 Braskem for the third consecutive year. in the inauguration of two plants in 2012: Financing Agency for Research and billion (USD 17.3 billion). C aRLOS Fadigas a PVC unit in Alagoas, with a capacity of Projects (FINEP). ;;First place in the chemical and Entrepreneurial Leader (CEO) 200,000 metric tons/year (BRL 1 billion / Approval of USD 3.2 billion in project petrochemical industries categories ;; 2012 Executive of Value Award from USD 489 million invested), and a butadiene financing for the Ethylene XXI Complex ;; for the third year running, in the Most the newspaper Valor Econômico, unit in Rio Grande do Sul, with a capacity of by a pool of international banks. Admired Companies in Brazil in the bestowed on Carlos Fadigas, 100,000 metric tons/year (BRL 300 million 2012 issue of Carta Capital magazine. Completion of the conceptual design Entrepreneurial Leader of Braskem. Gross / USD 147 million invested). ;; (FEL2) for the Comperj Petrochemical One of the Best Companies for revenue 2012 Chico Mendes Social/ ;; Project to produce thermoplastic ;; Shareholders, according to Capital (in millions) To diversify its mix of raw materials while Environmental Award in the Product resins. It is expected to use raw Aberto magazine. increasing the participation of the gas category, from the Chico Mendes materials obtained from Brazil’s pre- BRL 42,114 cracking plant, Braskem continued its work Institute. One of the Most Environmental Risk salt oil fields. ;; Aware Companies, according to the USD 20,609 in Mexico to build the Ethylene XXI project. 2012 Samarco Award for Excellence ;; CDP (Carbon Disclosure Project). By mid-2015, that unit will start producing in the Best Inputs Supplier category, more than 1 million metric tons/year of bestowed by the Samarco mining polyethylene, integrated with the produc- company. EBITDA tion of ethylene. (in millions) ;;Best Tetra Pak Supplier in 2012, in the Supplier Evaluation category. BRL 3,958 USD 1,937 < > Odebrecht 2013 58 59

Estaleiro Enseada do Paraguaçu

Shareholding K eeping pace with the needs of the Brazilian maritime industry and the challenges structure posed for the nation’s engineering sector by the development of oil and gas production in the pre-salt region, Odebrecht is investing in the Estaleiro Enseada 70% do Paraguaçu (EEP), a shipyard that focuses on building, consolidating, and EEP Participações repairing offshore units, including platforms, specialized ships, and drilling rigs. 50% Odebrecht EEP operates through two business units: Estaleiro Enseada do Paraguaçu, the 25% OAS shipyard with the same name as the company, located on the Paraguaçu River in 25% UTC Maragojipe, Bahia, and the Inhaúma Shipyard on Guanabara Bay, in the Caju district 30% K awasaki of Rio de Janeiro. Heavy Industries

Highlights in 2012

The company signed two major contracts with Sete Brasil and Petrobras. The contract with Sete Brasil, for the construction of six drill ships, is valued at a total of USD 4.8

Fernando Barbosa billion, and the Petrobras contract for the Executive Director conversion of four VLCC ships into FPSOs is worth a total of USD 1.7 billion. Assembly services for the first units got underway in Gross 2012 at the Inhaúma Shipyard. revenue EEP began construction of the shipyard (in millions) on the Paraguaçu River, involving planned investments of BRL 2.6 billion (USD 1.4 BRL 164 billion). The facility is scheduled to start USD 80 operations in 2014.

EBITDA (in millions) BRL (27) USD (13) Shipbuilding services at the Inhaúma Shipyard in Rio de Janeiro, RJ: meeting the demands of the Brazilian maritime industry. < > Odebrecht 2013 60 61

Shareholding structure

55.01% Odebrecht Agroindustrial Odebrecht S.A. 14.97% Produces and sells ethanol and sugar to the Brazilian and international markets, BESPARND and generates electricity from biomass. 13.65% The company has invested nearly BRL 9 billion (USD 4.4 billion) in nine Ashmore agroindustrial units located in four Brazilian states (São Paulo, Goiás, Mato Grosso, and Mato Grosso do Sul). All told, they have the installed capacity to 12.01% Sojitz Co. mill 40 million metric tons of sugarcane and produce 3 billion liters of ethanol, 700,000 metric tons of sugar, and 2,700 GWh of electricity. 2.51% Tarpon 0.82% Sojitz Brasil S.A. 1.03% Other

Highlights in 2012 ;;Opened the Conquista do Pontal Unit’s Sugar Factory (SP), with capacity to produce 400,000 metric tons of sugar In late 2012, the company changed its name per year. from ETH Bioenergia to Odebrecht Agro- industrial. That year, it made the biggest ;;Increased the company’s milling investment in cane fields in the Brazilian capacity to 34.7 million metric tons of Li u z de Mendonça sugar-energy market, planting over 95,000 sugarcane per year. Entrepreneurial Leader (CEO) hectares to reach a total of more than Sandra Guimarães Cabral, at Odebrecht Agroindustrial’s Costa Rica Unit in Mato Grosso do Sul: the company hired 2,000 new Members in 2012. Hired approximately 2,000 people, 350,000 ha planted. It will maintain that an- ;; ending the year with 15,253 Members, nual average until the 2015-2016 harvest. Gross up 9% compared with 2011. Invested BRL 4.5 million (USD 2.2 ;; 2012 Chico Mendes Social/ revenue* million) in the Social Energy for Local Awards and recognition ;; Environmental Award for the Social (in millions) Sustainability Program’s projects. Energy for Local Sustainability Committed Company Seal, granted by Obtained Better Sugar Cane Initiative ;; Program. BRL 2,084 ;; the National Commission for Dialogue (Alcídia and Rio Claro units) and RFS2 and Assessment of Commitment Open Doors Trophy, awarded to the USD 1,020 Renewable Fuel Standard (Taquari and ;; for the company’s compliance with Conquista do Pontal Unit in São Paulo Morro Vermelho units) certifications. business practices established in the and the Rio Claro Unit in Goiás by the National Commitment to Improving Sugarcane Industry Union (Unica) for Eitb da* Sugarcane Working Conditions. welcoming delegations from Brazil and (in millions) abroad and helping publicize the sector. BRL 242 ;;Child Friendly Company, recognized by the Abrinq Foundation. USD 118

*Considering Odebrecht Agroindustrial Inv. S.A. < > Odebrecht 2013 62 63

Odebrecht Defesa e Tecnologia

Develops solutions for the Brazilian government in the defense sector. Designs, implements, integrates, and manages technologies for military and civilian use. Operates in the context of the implementation of the Brazilian Government’s National Defense Strategy, whose objectives include modernizing the sector and refitting the Brazilian industry, ensuring that the Armed Forces’ requirements are met with national domain technologies. Odebrecht Defesa e Tecnologia has three affiliates: Itaguaí Construções Navais (ICN), to build conventional submarines and one nuclear submarine for the National Submarine Development Program (Prosub); Consórcio Baia de Sepetiba (CBS), responsible for planning, supervision, management, and administration of liaison with Prosub; and Mectron, focused on developing and manufacturing high-tech products and complex systems for military and civilian use.

Fábio Azola dos Santos, from Mectron, at the company’s factory in São José dos Campos, SP: developing high-tech products and systems for military and civilian use.

Highlights in 2012 Mectron Projects underway ;;PMM multi-mission satellite platform: manufacturing and testing equipment ICN began construction of the first of four ;;Signing of a contract for the ;;Logistical support and development of for the Brazilian Space Agency/ conventional submarines for the Brazilian implementation of LINK-BR2 (datalink MAA-1, MAA-1B, A-Darter and MSS 1.2 National Institute for Space Research Navy in Itaguai, RJ. A nuclear propulsion communication between aircraft) with missiles for the Brazilian Armed Forces. (AEB/INPE). submarine will be built at the same facility. the Brazilian Air Force (FAB). EXOCET (anti-ship missile) telemetry: CBERS, a Sino-Brazilian remote land Anr d é Amaro ;; ;; Completion of AMX aircraft radar for Executive Director ;; supply of new telemetry units and sensing satellite: manufacturing and Odebrecht Defesa e Tecnologia concluded the FAB. support for new launches by the testing equipment for the AEB/INPE. projects and signed new contracts for the Brazilian Navy. development and deployment of advanced ;;Completion of an integrated ;;VS-40 (sounding rocket)/SARA Gross technologies for the Brazilian Armed Forces. transponder and data recorder for the ;;MAN-SUP, national anti-ship missile: (reentry satellite) and VLS/VSISNAV CBERS 3 satellite in China. development for the Brazilian Navy. (inertial navigation system launch revenue vehicle): development of electronic Development of MAR-1 missiles for (in millions) ;; ;;SCP-01 (AMX aircraft) radar: delivery on-board equipment for the FAB. the FAB and integration of units of the of batch already manufactured and BRL 232 same type in 3 Pakistani aircraft. integration support for aircraft in the ;;Construction of Prosub submarines. ;;Certification, production, and delivery process of retrofitting. USD 114 to the Brazilian Navy of 42 units of the surface-to-surface missile MSS 1.2. Eitb da (in millions) BRL (10) USD (5) < > Odebrecht 2013 64 65

The Odebrecht Group invests in the Energy and Investments Infrastructure sectors in Brazil and other countries.

The following companies carry out investments and operations in these assets.

Odebrecht Energias Brasil

Energy assets in Brazil.

;;Santo Antônio Dam (3,150 MW), in Rondônia. ;;Teles Pires Dam (1,820 MW), on the state border of Mato Grosso and Pará. ;;Senandes Corridor Wind Power Complex (108 MW), in Rio Grande do Sul.

Odebrecht Africa Fund

Assets in Africa (with a focus on Angola).

;;NossoSuper supermarket chain. ;;Companhia de Bioenergia de Angola (Biocom) bioenergy company. ;;Belas Shopping mall. ;;Sociedade Mineira de Catoca mining company. ;;Concession for Block 16 to explore for oil.

Odebrecht Latin Fund

Assets in Latin America.

;;Chaglla Dam (406 MW) in Peru. ;;Petrourdaneta – Mixed-ownership company in partnership with PDVSA to develop oil fields in Venezuela. ;;Trasvase Olmos Concessionaire – Operates infrastructure for the Olmos Irrigation Project in Peru. ;;H2Olmos S.A. – Concessionaire for the Olmos Irrigation Project. ;;Xalapa – Water and power supply project in Mexico. The Olmos Project’s dam and reservoir in Peru: storing water for irrigation and drought prevention. < > Odebrecht 2013 66 67

Support Companies

Odebrecht Previdência Odebrecht Comercializadora de Energia Odebrecht Previdência administers a supplementary pension plan for Group Provides support for Odebrecht Group Members, helping ensure that they maintain companies in the areas of electric their standard of living during the post- energy sales, market intelligence, risk Braskem’s facilities at the Camaçari Industrial Complex, BA: Odebrecht Corretora de Seguros guarantees coverage of tangible assets. career phase of their lives. management, and contracts in the electric energy sector in Brazil and other countries. Altogether, the Group’s Main Odebrecht Previdência Indicators subsidiaries can rely on nearly 1,100 MW of Total Insurance Coverage (at December 31, 2012) installed generation capacity. (at December 31, 2012)

Number of participants: Odebrecht Comercializadora de Energia BRL 161.3 billion makes it possible to capture energy sales USD 78.9 billion 17,294 synergies through a single platform, Odebrecht N umber of pensioners: taking into consideration a varied range Corretora de Seguros Bonds of electric charges, characteristics, and Odebrecht Corretora de Seguros maintains Odebrecht companies have the support of 104 sources of energy generation, as well as long-term relationships with the global a captive broker, Odebrecht Corretora de the physical locations of the power plants surety bond market. It has operated an Total assets managed: Seguros, to safeguard their tangible and and centers of consumption. international line of insurance and bonds for BRL 1.3 billion intangible assets by identifying, mitigating, 23 years, placing a total of USD 26.3 billion and entrepreneuring risks, making lines USD 668 million The company’s shareholders include in bonds without any losses for the surety of surety bonds and insurance coverage Odebrecht Energia, Odebrecht industry. available, and creating integrated solutions Accumulated return in 2012: TransPort, Odebrecht Ambiental, for their projects and businesses. 11.39% Odebrecht Agroindustrial, and Braskem. Total Bond Coverage (at December 31, 2012)

BRL 20.4 billion USD 9.9 billion < > Odebrecht 2013 68 69

Social Programs

Odebrecht’s social programs focus on the development of the regions and countries where the Group is present. Prioritizing education and health, while promoting initiatives that generate work and income opportunities, these programs are carried out by the Group’s subsidiaries and the Odebrecht Foundation.

2012

2011 BRL 102.55 BRL 109.8 million million* Kimputo Ngiaba, foreground, with participants of Kulonga Pala Kukula (“education for development,” in the Kimbundu language), a program focused on improving living conditions in Communities in the Pungo Andogo area in Malanje Province, Angola. 2009 USD 53.6 million

BRL 84.5 Invested in Social, Social, Environmental, and Cultural Programs** million 2010 Environmental, and BRL 73.1 Cultural Programs** million 2012 2011 2012 2011 2010 817,460 601 761,000 2009 671 858,781 418 2010 programs 2009 people benefited 380 466,502

2012 2012 2011 2011 964 1,178 1,390 1,814 partner Communities 2009 2009 2010 organizations involved 472 867 2010 452 504

Log onto www.odebrecht.com/relatorioanual/2013 to see all of the social, environmental, * Investments outside Brazil converted into BRL at the following exchange rates: 2009: 1 USD = BRL 1.7412 (at December 31, 2009); 2010: 1 USD = BRL1.666 (at December 31, 2010); 2011: 1 USD = BRL1.8758 (at December 31, 2011); 2012: 1 USD = BRL 2.0435 (at December 31, 2012) and cultural programs that Odebrecht Group companies carried out in 2012. **Made by Group companies and the Odebrecht Foundation < > Odebrecht 2013 70 71

Social Programs

Odebrecht Foundation

The Odebrecht Foundation is a nonprofit private institution of public utility maintained by the Odebrecht Group. Its mission is preparing young people for life through work, on the basis of values and limits. It seeks to become a co-manager of resources for environmental sustainability in the Pratigi Environmental Protection Area (APA) in the Southern Bahia Lowlands region of northeastern Brazil, where it is introducing a model of agricultural, ecological, and sustainable tourism: agroecotourism. The Southern Bahia Lowlands region is made up of 15 counties that are home to over 330,000 people. The projects carried out through the Development and Integrated Growth Program with Sustainability for the Southern Bahia Lowlands Environmental Protection Areas Mosaic (PDCIS) prioritize youth and their interaction with their families with a view to changing the realities of rural communities. The pursuit of this objective combines all eight United Nations Millennium Development Goals, currently adopted by 192 countries, in a single initiative. The programs now underway are the result of the joint action of government, the private sector, and NGOs.

Maurício Medeiros Executive President

Highlights in 2012 ;;Official opening of the Fruit Pre- Processing Unit of the Tancredo Neves Embrapa instructor with students from the Presidente Tancredo Neves Rural Family House: the school marked its 10th anniversary in 2012. The Odebrecht Group invested BRL ;; Farmers’ Cooperative (Coopatan), 37.6 million (USD 18.3 million) in PDCIS the result of an agreement between projects involving 304 communities, the National Bank for Economic and Awards and recognition 12th Volunteer School Award, won benefiting 9,000 people directly and ;; Social Development (BNDES) and the by Youth House State School for 85,000 indirectly. Certificate of Best Practices in Odebrecht Foundation. ;; its experience with the Laranjeira Corporate Social Responsibility, Presentation on the PDCIS during maroon community in Igrapiúna, BA, ;; The President Tancredo Neves Rural awarded to the Odebrecht Foundation the UN Conference on Sustainable ;; where it holds monthly workshops Family House (CFR-PTN) marked by TÜV Rheinland of Brazil. Development (Rio+20). Showcased that encourage reading and 10 years of activity. The Brazilian at the booths of the Mitsubishi Sebrae Top 100 Handicrafts strengthen the cultural identity of Agricultural Research Corporation ;; Corporation and Apex-Brazil, Award, bestowed on the Pratigi children and residents. The award is (Embrapa) selected 10 young CFR-PTN the initiative also featured in the Environmental Protection Area an initiative of Radio Bandeirantes and students to work in the region roundtable coordinated by the Farmers’ Cooperative (Cooprap), the the Itaú Social Foundation. as research fellows. United Nations Institute for Training only production unit to win the award More Culture Reading Spots Award, and Research (Unitar). The PDCIS in the State of Bahia. Selected from ;; from the Bahia Department of Culture, was also listed in the Charter of the 1,800 entries, Cooprap can use the for the results of the Presidente Friends of Rio+20, signed by a group award seal for three years. Tancredo Neves Rural Family House’s of leading global companies and NGOs (CFR-PTN) Reading Circles project. as an example of practices that are producing social change. < > Odebrecht 2013 72 73

Cultural Programs

Since 1959, Odebrecht has sponsored cultural initiatives inside and outside of academia, including projects with far-reaching and local impacts, with a view to enhancing the artistic and cultural heritage of the communities and countries where it is present. By allocating resources and facilities for the completion of these projects, Odebrecht energizes the arts and culture, promotes the affirmation of diverse identities, and helps preserve traditions for future generations.

Odebrecht Historical Research – (1595- 1630), which resulted from a Clarival do Prado Valladares Prize research project by historian Daniel Strum, the winner of the sixth edition Awarded annually to an original research of the award. This book presents a project that addresses subjects related to sweeping overview of the sugar trade the history of Brazil, this prize encourages during its golden age, between 1595 national historiography by fully funding and 1630, involving Amsterdam, Porto, the completion of the chosen project. The Pernambuco, and Bahia. results of that research are presented to the public in the form of a beautifully published and lavishly illustrated book. The prize Frontiers of Thinking marked its 10th anniversary in 2013. Held annually in São Paulo and Porto The winner of the eighth edition ;; Alegre, this international seminar brings the was “The Map that Invented Brazil,” Brazilian public in contact with renowned by Júnia Ferreira Furtado, from the scientists, artists, and intellectuals who Federal University at Minas Gerais. stand out for their bold ideas about the This research project focuses on contemporary world. the collaboration of Portuguese ambassador Dom Luís da Cunha and ;;In 2012, the program presented lectures the King of France’s geographer, by Indian economist Amartya Sen Jean-Baptiste Bourguignon D’Anville, (Nobel in Economics), Egyptian diplomat to produce the Carte de L’Amérique Mohamed ElBaradei (Nobel Peace Prize), Méridionale. The map used as the basis and the Turkish writer Orhan Pamuk for the Treaty of Madrid in 1750, it (Nobel in Literature). eventually established the boundaries of Brazil’s current territory. ;;The launch of The Sugar Trade: Brazil, Portugal, and the Netherlands Cover and pages of The Sugar Trade: Brazil, Portugal, and the Netherlands (1595- 1630), by Daniel Strum, the winner of the Odebrecht Historical Research Prize: a sweeping overview of the production and international trade sugar in during its golden age. < > Odebrecht 2013 74 75

Cultural Programs OTHER INITIATIVES Brazil Peru ;;Support for the “People of Paraguaçu” ;;Contribution to scientific knowledge of documentary, an audiovisual record lizard and fish species in the Huallaga of the cultural expressions of maroon River Valley. communities in seven counties in the United States Bahia Recôncavo region. Support for the Brazilian Government’s Support for the national tour of the ;; ;; Science without Borders program, Academia Jovem Concertante, a youth including exchange programs to orchestra made up of musicians from internationalize science and technology. several Brazilian states. Venezuela ;;Support for the publication of the book Expedicionários da Saúde, (Health ;;Publication of the book Fruto Vivas Expeditionaries), which chronicles eight Pensamiento y Obra (Thought and expeditions that the NGO of the same Works of Fruto Vivas) to commemorate name organized over a six-year period the 20th anniversary of Odebrecht’s to provide health services to indigenous presence in that country, showcasing communities in Brazil. the knowledge, experiences, and cultural values of Venezuela. ;;Creative Generation Project: painting and drawing workshops for the communities of Porto Velho. ;;Renovation of an old movie theater in the SUPPORT FOR THE FOLLOWING town of Uruguaiana and conversion into CULTURAL INSTITUTIONS the Municipal Theater. ;;Brazilian Academy of Letters ;;Braskem Theater Award, for Bahia’s best ;;Z umbi dos Palmares College, SP theater productions, and Audiovisual Workshop for young people. ;;Maria Luisa and Oscar Americano Foundation, SP ;;Braskem On Stage Award, for the best productions of Porto Alegre em Cena ;;Brazil-Colombia Cultural Institute Festival participants. (Ibraco) ;;Production of a book and DVD with ;;Sérgio Motta Institute, SP stories, songs and rhymes and legends ;;Santa Casa da Misericórdia da Bahia from the savanna, aimed enhancing local charitable institution culture in the town of Costa Rica, MS, within the sphere of the Social Energy ;;Castro Alves Theater, Salvador, BA for Local Sustainability Program. ;;Angolan Writers’ Union

Photo published in the book Expedicionários da Saúde: in the Kikretum village in São Felix do Xingu, Brazil, Kayapó children wait for relatives to be seen by the volunteer doctors of the Health Expeditionaries program, which takes medical and dental care to indigenous Communities living in remote areas of the country. Executives of the Odebrecht Group

Odebrecht S.A. ODEBRECHT Od eBRECHT Infrastructure – Od eBRECHT Infrastructure – ENGENHARIA INDUSTRIAL BRAzIL AFRICA, EMIRAteS and Honorary Chairman President and CEO PORTUGAL Norberto Odebrecht Marcelo Bahia Odebrecht Entrepreneurial Leader (CEO) Entrepreneurial Leader (CEO) Marcio Faria Benedicto Barbosa da Silva Junior Entrepreneurial Leader (CEO) Ernesto Baiardi Board of Directors Senior Officers Responsible Emílio Odebrecht, Chairman for Entrepreneurship Support Senior Officers Senior Officers Aluízio Araujo Flávio Faria, Argentina André Vital, Bahia and Sergipe Senior Officers Gilberto Sá Finance Francisco Penteado, Venezuela Augusto Roque, Energy Daiha Blando, Angola Luiz Almeida Marcela Drehmer Gilberto Neves, United States Carlos Hermanny Filho, 2014 FIFA World Cup Fabio Januário, UAE, Libya, and Portugal Luiz Villar Marco Rabello, Finance – Engineering & Construction Renato Rodrigues, Brazil – South and Southeast Fabio Gandolfo, Shipyards Miguel Peres, Mozambique Pedro Mariani Pedro Pinheiro, Ghana Pedro Novis Saulo Vinicius, Brazil – North, Northeast, Mid-West, João Pacífico, Northeast and Mid-West Legal Affairs and Braskem Renato Baiardi Leandro Azevedo, Rio de Janeiro Newton de Souza Rubens Ricupero Luiz Bueno, São Paulo and South Director for Investments Sergio Foguel Senior Officers Responsible Sergio Neves, Minas Gerais, Espírito Santo and North Gustavo Fontes, Odebrecht Africa Fund Operations for Entrepreneurship Support Paulo Lacerda de Melo Cesar Rocha, Finance Senior Officers Responsible Senior Officers Responsible André Schneiter, IT Fausto Aquino, People & Organization for Entrepreneurship Support for Entrepreneurship Support Sérgio Leão, Sustainability Marta Pacheco, Legal Affairs Adriano Jucá, Legal Affairs Alexandre Assaf, People & Organization and Communication People & Organization Manoel Nogueira, Business Development Afonso Mamede, Equipment Felipe Cruz, Sustainability Paulo Lacerda de Melo Rogério Araújo, Business Development Alexandrino Alencar, Business Development Gonçalves Pereira, Business Development Márcio Polidoro, Communication Antonio Carlos Faria, Communication Kelly Faleiro, Legal Affairs Carlos Armando Paschoal, People & Organization Yuri Kertzman, Business Development Structured Operations Dante Venturini, Engineering Hilberto Silva Edwaldo Tamberg, Business Development Luciano Cruz, Finance Political/Institutional Relations Luiz Gabriel Todt de Azevedo, Sustainability Claudio Melo Filho Rubio Fernal, Business Development

Business Development Euzenando Azevedo

Special Advisors to the President and CEO Henrique Valladares Luiz Rocha Marcos Wilson Renato Martins Od eBRECHT Infrastructure – O DEBRECHT O DEBRECHT AMBIENTAL O DEBRECHT LATINVEST Odebrecht Oil & Gas LATIN AMERICA REALIZAÇÕES IMOBILIÁRIAS Entrepreneurial Leader (CEO) Executive Director Entrepreneurial Leader (CEO) Entrepreneurial Leader (CEO) Entrepreneurial Leader (CEO) Fernando Reis Jorge Barata Roberto Ramos Luiz Mameri Paul Altit Regional / Industrial Directors Directors for Investment Executive Vice President Senior Officers Senior Officers Alexandre Barradas, North, Northeast, and Mid-West Luiz Arditi, Kuntur Roberto Simões, Engineering, Technology, and Drilling Alessandro Gomes, Venezuela Antonio Pessoa, Athletes’ Village and Olympic Park Guilherme Paschoal, São Paulo and Minas Gerais Ronny Loor, IIRSAs André Rabello, Panama Daniel Villar, Rio de Janeiro and Jardins Mangueiral, Porto Marcelo Moacyr, United States Raul Pereira, Rutas de Lima Senior Officers Eleuberto Martorelli, Colombia Velho, and Fortaleza projects Marcos Rabello, Waste Treatment Eder Ferracuti, Ruta del Sol Hélcio Colodete, Specialized Well Services Gustavo Guerra, Agroindustrial Projects in Venezuela Djean Cruz, Bahia and Pernambuco Marcus Weyll, Angola Herculano Barbosa, Engineering & Technology José Conceição Santos, Ecuador Paulo Melo, São Paulo, Minas Gerais and Mário Amaro, Foz | Saneatins Senior Officers Responsible Jorge Mitidieri, Integrated Services Federal District (Brasilia) Luís Weyll, Mexico Paulo Welzel, South for Entrepreneurship Support Pedro Mathias, Drilling Operations Marco Cruz, Dominican Republic Rafael Rossi, Industrial Operations Fernando Ocampo, Legal Affairs Senior Officers Responsible Marcos Machado, Guatemala Renato Medeiros, Rio de Janeiro and Espírito Santo Javier de Souza, New Business Development Senior Officers Responsible for Entrepreneurship Support for Entrepreneurship Support Mauro Hueb, Cuba Luiz Fernando C. Santos, Investments Ciro Barbosa, People & Organization and Sustainability Investments and Strategy Ricardo Boleira, Peru Senior Officers Responsible Nelson Bulhões, People & Organization and Finance Carlos Alberto Brenner, Marcio Pellegrini Ribeiro, Engineering and Productivity for Entrepreneurship Support José Claudio Grossi, People & Organization, Marcelo Neves, Finance and IT Communication and IT Senior Officer Responsible Alain Arcalji, Investments Rodrigo Salles, Legal Affairs Marco Fonseca, Sustainability for Infrastructure Projects Biagio Cersosimo, People & Organization Sergio Kertész, Marketing and Communication Guilherme Britto, Legal Affairs Rodney Carvalho, Argentina Emyr Costa, Engineering and Contract Management Rogério Ibrahim, Finance Kiko Brito, Communication Senior Officers Responsible Maurício Bezerra, Legal Affairs for Entrepreneurship Support Ticiana Marianetti, Finance Carlos Alexandre, Engineering and Sustainability Edson Lemos, People & Organization and Olex Eduardo Gedeon, Legal Affairs Gabriel Ybarra, Energy Market Jayme Fonseca, Finance, Export Credits and Latin Fund João Nogueira, Export Credits - DF (Brasilia) Roberto Dias, Institutional Relations ODEBRECHT PROPERTIES ODEBRECHT TRANSPORT BRASKEM O DEBRECHT AGROINDUSTRIAL ESTALEIRO ENSEADA DO PARAGUAÇU Entrepreneurial Leader (CEO) Executive Director Entrepreneurial Leader (CEO) Entrepreneurial Leader (CEO) Felipe Jens Paulo Cesena Carlos Fadigas Luiz de Mendonça Executive Director Fernando Barbosa Senior Officers Senior Officers Executive Vice Presidents Senior Officers Carla Barretto, Private Properties Carlos José Cunha, SuperVia Fernando Musa, United States and Europe Unit Celso Ferreira, Engineering, Technology, Innovation and Senior Officers Denio Cidreira, Entertainment Juliana Baiardi, Logistics Luciano Guidolin, Polyolefins, Comperj and Investments Gilberto Camargo, Operations of Inhaúma Shipyard, RJ Unit Geraldo Villin, Public Partnerships Randall Saenz, Airports Renewables Unit Marcelo Mancini, Sales, Logistics, Procurement and Francisco Dezen, Drill Rig Contract, BA Unit International Businesses Renato Mello, Roadways Marcelo Cerqueira, Vinyls Unit Fernando Quintas, Construction of Enseada do Paraguaçu Shipyard, BA Unit Senior Officers Responsible Rodrigo Carnauba, Urban Mobility Roberto Bischoff, Latin America Unit Senior Officers Responsible for Entrepreneurship Support Rui Chammas, Basic Petrochemicals Unit João Cândido, Industrial Operations, Estaleiro Enseada for Entrepreneurship Support do Paraguaçu, BA Unit Adriana Meirelles, Finance Senior Officers Responsible Amaury Pekelman, Institutional Relations Cristiane Giansante, People for Entrepreneurship Support Senior Officers Responsible Genésio Couto, People & Organization, Sustainability Daelcio Freitas, Communication Adriano Maia, Legal Affairs for Entrepreneurship Support and Communication Senior Officers Responsible Marcos Lima, Planning Carlos F. Anastácio, Business Development Décio Oddone, Investments Hélio Novaes, Finance, IT, Strategic Planning and for Entrepreneurship Support Susan Barrio Campos, Legal Affairs Carlos Prado, Rio de Janeiro, Minas Gerais and Espírito Santo Edmundo Aires, Innovation and Technology Investor Relations Gerson Ricardi, Corporate Engineering Irineu Meirelles, São Paulo and South Marcelo Arantes, Pessoas & Organização, Luciano Dequech, Legal Affairs Legal Affairs Tecnologia da Informação e Suprimentos Guilherme Abud, Marcelo Felberg, Finance Institutional Relations Marcelo Lyra, Institutional Relations and Sustainable Humberto Rangel, Marcelo Pontes, Communication and Sustainability Development Michael Machado, Investment Management People & Organization, Planning, Mário Augusto Silva, Finance and Investor Relations Ricardo Lyra, Paulo Quaresma, People & Organization Governance and IT Maurício Ferro, Legal Affairs and Corporate Governance Ricardo Ricardi, Finance Yasuhiro Kojima, Technology ODEBRECHT INVESTMENTS ODEBRECHT PREVIDÊNCIA Odebrecht ODEBRECHT FOUNDATION DEFESA E TECNOLOGIA Corretora de Seguros Odebrecht Energias Brasil Governing Board Board of Trustees Executive Director Felipe Jens, Senior Officer Responsible Paulo Lacerda de Melo, Chairman General Director Norberto Odebrecht, Chairman André Amaro Bettina Skelton Marcela Drehmer Emílio Odebrecht Ailton Reis, SAESA Cesar Rocha Aluizio Araujo Officers Responsible for Insurance Senior Officers Fernando Chein, Wind Homero Arandas Geraldo Dannemann & Bonds Entrepreneurship Antonio Luiz Costa, Itaguaí Construções Navais Rogério Bautista, Biomass Mario Augusto da Silva Gilberto Sá Kátia Luz, Insurance Support for Odebrecht Dimas Salvia, New Businesses Luiz Almeida Ambiental, Engineering & Construction, Realizações Gustavo Ramos, Mectron Administrators Imobiliárias, Latinvest, Defesa e Tecnologia, TransPort Luiz Villar Marcelo Panzetti, New Businesses Sérgio Brinckmann, Odebrecht Previdência and Properties Businesses. Pedro Novis Sergio Cunha, Baía Sepetiba Consortium Daniel Lima, Investments Luiz Barretto, Insurance Support for Agroindustrial, Óleo Pedro Mariani e Gás and Braskem Businesses and Surety Bonds Programs. Valter Rodrigues, New Businesses Ivette Guimarães, Operations and Communication Renato Baiardi Carlos Bueno, New Businesses Bettina Skelton, Life and Health Insurance Rubens Ricupero Sergio Foguel Senior Officers Responsible for Entrepreneurship Support Odebrecht Executive President Kleber Assis, Business Development Comercializadora de ENERGIA Maurício Medeiros Oswaldo Oliva, Strategic Planning Executive Director Pedro Sá, Finance and Investments Ricardo Simões Renata Pinheiro, People & Organization and Communication Rodrigo Bueno, Legal Affairs Odebrecht 2013

Responsible for Communication at Odebrecht Márcio Polidoro

Responsible for Publishing Programs at Odebrecht Karolina Gutiez

Designed, Written and Published by Versal Editores

English Translation by H. Sabrina Gledhill

English Edition Coordinator & Electronic Publishing Maria Celia Olivieri

Photos Almir Bindilatti, Bruna Romaro, Conosenti, Edgar Ishikawa, Eduardo Moody, Geraldo Pestalozzi, Guilherme Afonso, ImageMágica/André François, Holanda Cavalcanti, Lusco, Márcio Lima, Marcos Michael, Tsutomo Sassaki, Ventoen Pereira Jr.

CTP and Printing Pancrom Indústria Gráfica

Also published in Portuguese and Spanish.

We would like to thank all the Odebrecht Group Members who participated in the production of this publication.

e full contents of this report are also available on the Odebrecht Group’s website and smartphone app - www.odebrecht.com/relatorio2012 - and on iPads using the Odebrecht 2013 app, which can be downloaded free from the App Store. AV. LUIS VIANA, 2.841 EDIFÍCIO ODEBRECHT – PARALELA SALVADOR – BA – 41730-900 BRAZIL

AV. DAS NAÇÕES UNIDAS, 8.501 EDIFÍCIO ELDORADO BUSINESS TOWER 32º ANDAR – PINHEIROS SÃO PAULO – SP – 05425-070 BRAZIL odebrecht.com