EBX Group Consolidates Overseas Presence

OGX PETRÓLEO E GÁS PARTICIPAÇÕES S.A. CNPJ/MF: 07.957.093/0001-96 Public Held Company BOVESPA: OGXP3

Notice to the Market

EBX GROUP CONSOLIDATES OVERSEAS PRESENCE

• ’s Group creates EBX International, to be based in New York. • Peter Nathanial appointed as the President of EBX International and to be supported by Marcello Horcades Coutinho as director. • Expansion is aimed at achieving a closer relationship with financial and strategic investors in the United States, Europe, Asia and the Middle East.

Eike Batista’s EBX Group is consolidating its overseas presence through the creation of EBX International and the opening of an office in New York. As a result of this international expansion, the group — which is headquartered in and has operations in nine states in — will intensify relationships with investors located in the United States, Europe, Asia and the Middle East while also enhancing its ability to prospect for new business opportunities.

EBX International will be headed up by business executive Peter Nathanial, who will be based in New York, and will be supported by another executive, Marcello Horcades Coutinho, as company director.

Recently hired by the group, Mr. Nathanial was a partner of Impala Partners and from 2007 to 2009 was the Chief Risk Officer and member of the Executive Committee of RBS - The Royal Bank of Scotland Group – based in Edinburgh. Prior to this, he spent sixteen years with Citigroup in international business management roles based in Zurich, London, Moscow, Warsaw and New York. Mr. Nathanial was independent Board member of MMX, the group’s company, from April, 2006 until today.

Mr. Coutinho has twenty years of experience in the financial market in large institutions such as Chase Manhattan, Banco Garantia de Investimentos, Banco Icatu, Banco Tendência and Tática Asset. “With the creation of EBX International and the opening of the office in New York, we will be moving even closer to global investors. We are advancing into the international market in order to identify new business opportunities through, differentiated projects that are efficient and in step with what is the best in the world,” said EBX Group President Eike Batista. Besides the EBX office in New York, MPX (the group’s energy company) and OGX (its oil and gas company) have offices in Colombia, and MMX and MPX have offices in Chile. The EBX Group is investing US$ 15 billion between 2010 and 2012 in sectors such as oil and gas, logistics, energy, mining and the offshore industry in Brazil. The group is comprised of five companies listed on the BOVESPA’s Novo Mercado (New Market), the segment with the highest levels of corporate governance: OGX (oil and gas), MPX (energy), LLX (logistics), MMX (mining) and OSX (offshore industry).

The EBX Group’s activities were initiated at the beginning of the 1980s when it commenced the operation of eight gold mines in Brazil, Chile and Canada, as well as three iron ore mines in Brazil. OGXRi.com.br S.A - Copyright © - All rights reserved Telefone: 1234567 E-mail: [email protected]