Dividends
In the fiscal years ended December 31, 2010 and 2009, the Corporation also remunerated
its shareholders through dividends. These dividends were approved and paid within the
minimum mandatory amount of 25% of net income adjusted in accordance with article
202, paragraph 2 of Law 6,404/76, and based on the Corporation’s Bylaws.
The remuneration paid as dividends, based on the criteria valid until December 31, 2007,
was lower than what would have been paid if it were calculated based on the accounting
criteria after the amendments to the Brazilian Corporation Law introduced by Laws
11,638/07 and 11,941/09. As such, there is no difference in relation to the provisions in
Article 26, sole paragraph, and hence Article 28 of IN RFB 1,397/13 does not apply.