(a) the equivalent of 50% (fifty percent) of net income, adjusted in accordance with Article 202 of Brazilian Corporation Law;
(b) equivalent to 100% (one hundred percent) of the portion of the Revaluation Reserves, recorded as retained earnings;
(c) equivalent to 100% (one hundred percent) of prior year adjustments, recorded as retained earnings; and
(d) resulting from the credit to interim dividend payments (Article 29,1 of the bylaws)