Asset classes Dec/08 % Dec/09 % Dec/10 % Dec/11 % Dec/12 % Dec/13 % Dec/14 % Aug/15 %

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1 DESTAQUE HIGHLIGHTS - AUGUST 2015 Statistical Data In the present edition, we include percentage values of pension plans and funds mathematical reserves committed to present and projected benefit obligations. Approximately one third of pension funds mathematical reserves are projected benefit obligations and the remaining two-thirds are vested benefits. We have also included tables on the maturity of pension plans and funds. It can be noted that the maturity level in DB plans is nearly 50%, with plan beneficiaries accounting for half of total plan members (active and retired). So far, pension funds projected accumulated returns amount to 5,52% whereas TMA/TJP is 11,71%. MARKET OVERVIEW - AUGUST 2015 This month was marked by market reactions to the federal government increased difficulty to implement austerity measures, resulting in a 2016 budget plan that foresees a primary deficit. The Bovespa index (IBOVESPA) fell as much as 8%, its worst performance of the year; the real/dollar spot exchange rate was up more than 7% and inflation-indexed bond rates increased in comparison to July, generating a perfect storm that led to generalized poor performance of marked-to-market variable income and inflation-indexed fixed income portfolios. I. AGGREGATED PORTFOLIO BY TYPE OF INVESTMENT (in BRL million) Asset classes Dec/08 % Dec/09 % Dec/10 % Dec/11 % Dec/12 % Dec/13 % Dec/14 % Aug/15 % Fixed Income ,8% ,3% ,8% ,0% ,7% ,4% ,2% ,0% Public bonds ,1% ,6% ,1% ,8% ,4% ,5% ,4% ,2% Debentures and Private Deposits ,4% ,0% ,5% ,8% ,1% ,2% ,0% ,4% SPC (Special Purpose Company) 119 0,0% 193 0,0% 213 0,0% 186 0,0% 160 0,0% 156 0,0% Investment Funds - FI ,3% ,6% ,2% ,4% ,2% ,7% ,7% ,4% Variable Income ,0% ,3% ,5% ,1% ,6% ,0% ,7% ,1% Stocks ,0% ,8% ,4% ,0% ,9% ,2% ,5% ,1% Investment Funds - VI ,0% ,4% ,1% ,0% ,7% ,9% ,3% ,0% Structured NA NA ,0% ,3% ,7% ,0% ,3% ,1% Emerging Companies 241 0,0% 360 0,1% 359 0,1% 346 0,1% 304 0,0% 276 0,0% Private Equity ,8% ,1% ,3% ,6% ,9% ,7% Real Estate Fund³ 927 0,2% ,2% ,3% ,3% ,4% ,3% Real Estate ,1% ,0% ,0% ,6% ,0% ,5% ,7% ,6% Transactions with Participants ,6% ,4% ,5% ,6% ,5% ,7% ,8% ,8% Loans to participants ,0% ,0% ,1% ,3% ,3% ,4% ,6% ,6% Mortgage Loans ,5% ,4% ,4% ,3% ,3% ,3% ,2% ,2% Other ,6% ,1% ,2% ,4% ,4% ,3% ,3% ,3% Total % % ,0% ,0% ,0% ,0% ,0% ,0% Notes: ¹ Includes Short Term, Denominated, Fixed Income, Multimarket, Exchange Rate and Receivables Investment Funds ; ² Includes Stocks and Market Indexes; ³ Until 2009 refer to Real Estate segment; 4 Includes External Debt, Stocks - Foreign Listed Companies, Other Receivables, Derivatives, Others. II. PENSION FUND ASSET EVOLUTION BY TYPE OF INVESTMENT 61,0% 61,7% 60,4% 64,2% 67,0% Public Bonds Fixed Income Variable Income 49,4% 14,2% 3,4% 0,0% Debentures and Private Deposits SPC (Special Purpose Company) Investment Fund - FI¹ 30,1% 28,6% 29,0% 24,7% 22,1% 10,1% Stocks Dec/11 Dec/12 Dec/13 Dec/14 Aug/15 12,0% Investment Funds - VI² 0,3% 0,3% 0,3% 0,4% 0,4% Real Estate Transactions with Participants Structured Others 2,3% 2,6% 9,0% 2,7% 2,5% 9,7% 3,3% 3,0% 3,1% 10,6% 11,1% 10,8% 2,7% 2,8% 2,8% Total 3,6% 4,0% 4,5% 4,7% 4,6% Dec/11 Dec/12 Dec/13 Dec/14 Aug/15

2 III. PENSION FUND ASSET EVOLUTION VERSUS GDP ,0% 19,0% ,2% 18,0% ,8% 15,9% 17,0% 16,0% ,9% 14,7% 14,4% 13,7% 14,2% 15,0% 14,0% ,0% 12,7% 12,7% 13,0% ,0% aug/15 11,0% 10,0% Source: IBGE/ABRAPP Pension Assets (BRL billion) Includes available assets, receivables and permanent assets GDP refers to the third and fourth quarters of 2014 and first and second quarter of 2015 * Estimated value Pension Assets/GDP Note : GDP data from 2010 to 2014 have been revised according to new figures released by IBGE. IV. EVOLUTION OF PRIVATE PENSION DEFICITS AND SURPLUSES 74,8 66,1 (In BRL billion) 51,5 48,2 55,0 56,2 37,0 38,2 21,4 27,6 31,4 10,5 14,6 11,0 6,3 7,9 9,1 14, aug/15 Surplus Deficit V. REGIONAL COMPARATIVE DATA Regional* Funds** % (BRL millions) % % Dependents % % Center-North 38 12,2% ,5% ,3% ,6% ,1% East 18 5,8% ,1% ,7% ,4% ,5% Northeast 26 8,3% ,7% ,3% ,4% ,7% Southeast 57 18,3% ,7% ,2% ,1% ,5% Southwest ,1% ,4% ,6% ,7% ,2% South 54 17,3% ,6% ,9% ,9% ,0% Total ,0% ,0% ,0% ,0% ,0% * Regional Composition: Center-North - states RO, AM, RR, AP, GO, DF, AC, MA, MT, MS, PA, PI and TO. East - MG. Northeast - AL, BA, CE, PB, PE, RN e SE. Southeast - RJ e ES. Southwest - SP. South - PR, SC e RS. ** Source: PREVIC Quarterly Statistics - jun/15 VI. COMPARATIVE DATA BY TYPE OF SPONSOR Sponsorship Funds* % (BRL millions) % % Dependents % % Industry/Professional Funds** 20 6,4% ,6% ,5% ,6% ,2% Private ,7% ,3% ,2% ,4% ,9% Public 87 27,9% ,1% ,3% ,0% ,0% Total ,0% ,0% ,0% ,0% ,0% * Source: PREVIC Quarterly Statistics- jun/15 ** Investment and population data also refer to other industry/professional pension plans managed by multi-sponsored funds

3 6,0 0% 5,0 0% 4,0 0% 3,0 0% 2,0 0% 1,0 0% 0,0 0% -1,00% -2,00% VII. RETURNS Period TMA/ TJP(1) CDI(2) IMA Geral(3) Ibovespa(4) Pension Funds* ,98% 15,03% 17,53% 32,93% 23,45% ,47% 11,87% 12,63% 43,65% 25,88% ,87% 12,38% 12,69% -41,22% -1,62% ,36% 9,88% 12,90% 82,66% 21,50% ,85% 9,77% 12,98% 1,04% 13,26% ,44% 11,58% 13,65% -18,11% 9,80% ,57% 8,40% 17,73% 7,40% 15,37% ,63% 8,06% -1,42% -15,50% 3,28% ,07% 10,82% 12,36% -2,91% 7,07% aug/15 0,71% 1,11% -1,15% -8,33% -1,25% ,71% 8,42% 5,70% -6,76% 5,52% Accumulated 202,09% 173,93% 198,07% 39,37% 211,00% Acumulated per year 12,12% 10,99% 11,97% 3,49% 12,45% TMA/TJP CDI s IMA Geral 211% 195% 202% 198% 182% 175% 167% 174% 170% 155% 151% 131% 141% 153% 116% 116% 110% 128% 111% 90% 92% 86% 68% 74% 95% 55% 53% 59% 71% 49% 23% 32% 45% 51% 18% 29% 37% 15% 21% 9% aug/15 (1) TMA -> Maximum Actuarial Rate (until dec/14) according to CNPC Resolution n.9 from 11/29/2012. TJP -> Standard Interest Rate (INPC + upper limit of 5.65 % pa considering a duration of 10 years - IN No. 19/2014 and Decree No. 197 from PREVIC) (2) CDI -> Interbank Deposit Rate (3) IMA Geral -> Anbima Market Index - General (It measures the profitability of a theoretical portfolio of government securities) Source: ABRAPP / BACEN / IPEADATA (4) Ibovespa -> Stock Index *Estimated VIII. QUARTERLY RESULTS - AGGREGATE 4,62% 5,56% 5,14% 4,72% 4,49% 4,74% 3,66% 3,25% 3,13% 2,66% 2,21% 1,75% 2,18% Average 2,55% 0,64% 1,08% 0,67% 0,82% 1,06% 0,03% -1,50% q/2010 q/2010 q/2015 q/2015 IX. AGGREGATE PORTFOLIO ALLOCATION BY PLAN TYPE Defined Benefit Defined Contribution Variable Contriibution BRL millions % Modality % Segment BRL millions % Modality % Segment BRL millions % Modality % Segment Fixed Income ,0% 61,3% ,4% 13,8% ,0% 24,9% Variable Income ,3% 87,9% ,7% 3,1% ,9% 9,1% Structured ,5% 77,7% 540 0,8% 2,6% ,0% 19,8% Real Estate ,1% 89,6% 420 0,6% 1,3% ,1% 9,1% Transactions with Participants ,8% 69,1% 810 1,2% 4,2% ,7% 26,8% Others ,3% 68,7% 242 0,3% 10,4% 481 0,3% 20,8% Total ,0% 69,3% ,0% 10,2% ,0% 20,5% X. ESTIMATED RETURN BY PLAN TYPE Period Defined Benefit Defined Contribution Variable Contribution s 67,39% 66,73% 67,43% ,79% 9,76% 11,67% 13,26% ,04% 8,62% 9,96% 9,80% 62,96% ,38% 14,90% 15,56% 15,37% ,96% 0,66% 1,52% 3,28% ,15% 10,22% 8,78% 7,07% aug/15-1,54% -0,45% -0,70% -1,25% ,00% 7,22% 6,40% 5,52% DB DC VC (hybrid) s Accumulated 67,39% 62,96% 66,73% 67,43%

4 XI. AVERAGE ALLOCATION (ARITHMETIC) BY TOTAL ASSETS UNDER MANAGEMENT TOTAL ASSETS (in BRL) Number of s Fixed Income Variable Income Structured Real Estate Transaction with Participants Other Up to 100 million 41 88,0% 6,8% 0,2% 1,5% 0,5% 3,0% 100 million to 500 million 89 89,3% 6,5% 0,5% 1,9% 1,1% 0,7% 500 million to 2 billion 77 87,8% 6,1% 1,5% 2,3% 1,6% 0,8% 2 billion to 10 billion 44 84,9% 7,2% 2,6% 2,9% 1,8% 0,6% Above 10 billion 10 72,9% 15,5% 3,3% 5,1% 3,0% 0,2% Consolidated ,3% 6,9% 1,2% 2,3% 1,4% 1,1% Percentage of Assets not allocated in the Fixed Income segment 12% 10,7% 12,2% 15,1% 27,1% 12,7% Up to 100 million 100 million to 500 million 500 million to 2 billion 2 billion to 10 billion Above 10 billion Consolidated XII. TOP 15 LARGEST PENSION PLANS* DEFINED BENEFIT ilhões) 1 PB1 PREVI PLANO PETROS DO SIST. PETROBRÁS PETROS REG/REPLAN FUNCEF PBS-A SISTEL PLANO BD REAL GRANDEZA PLANO BD VALIA PBB FAPES PSAP/ELETROPAULO FUNCESP PLANO DE APOS. COMPLEMENTAR ITAUBANCO PBB CENTRUS PLANO A - PLANO SALD. BENEF. FORLUZ PLANO V BANESPREV PBD POSTALIS PLANOS I E II FUND. COPEL PLANO BANESPREV II BANESPREV VARIABLE CONTRIBUTION 1 PLANO PETROS 2 PETROS NOVO PLANO FUNCEF B FORLUZ PB2 PREVI PLANO VALE MAIS VALIA TELEMARPREV FATLÂNTICO PPCPFL FUNCESP PCV I TELOS PLANO DE APOS. PREVI-GM PREVI-GM POSTALPREV POSTALIS PS-II SERPROS PLANO III FUND. COPEL PACV INFRAPREV TCSPREV FATLÂNTICO MISTO CELOS * as of Aug/15 and Population as of Dec/14. DEFINED CONTRIBUTION 1 PLANO ITAUBANCO CD ITAUBANCO IBM - CD FUNDAÇÃO IBM VISÃO TELEFÔNICA VISÃO PREV PLANO CD GERDAU GERDAU PLANO DE APOS.SANTANDERPREVI SANTANDERPREVI CEEEPREV ELETROCEEE PLANO ODEPREV PAI-CD FUNDAÇÃO ITAÚSA B PREVINORTE PLANO DE APOSENTADORIA UNILEVERPREV EMBRAER PREV EMBRAER PREV CD ELETROBRÁS ELETROS PRECAVER QUANTA - PREVIDÊNCIA VOTORANTIM PREV FUNSEJEM PMBP Nº 1 FAELBA INDUSTRY/PROFESSIONAL FUNDS 1 PRECAVER QUANTA - PREVIDÊNCIA UNIMED-BH UNI+PREV MULTIP ANAPARPREV PETROS OABPREV-SP OABPREV-SP SICOOB MULTI INSTITUÍDO SICOOB PREVI PBPA OABPREV-PR PLANO ACRICEL DE APOSENT. HSBC INSTITUIDOR RJPREV OABPREV-RJ PBPA OABPREV-MG PLANJUS JUSPREV PBPA OABPREV-SC PLANO II MÚTUOPREV na na 13 ADV-PREV OABPREV-GO COOPERADO UNI+PREV MULTIP PBPA OABPREV-RS

5 XIII. INDUSTRY/PROFESSIONAL ASSET EVOLUTION* Dec-10 Dec-11 Dec-12 Dec-13 Dec-14 Aug-15 Includes available assets, receivables and permanent assets * In BRL millions Industry/Professional plans managed by Industry/Professional pension funds Industry/Professional plans managed by Multi-sponsored pension funds TOTAL XIV. LIABILITIES XV. BENEFIT STATEMENT Percentage values of Mathematical Reserves Type of Benefit Total amount¹ Average Monthly Benefit Values 2 (in BRL) 25,1% 36,6% Programmed Retirement ,1% 63,4% Disability pensions ,9% 63,4% Pensions ,9% 36,6% Note: The amount of benefits paid, while also considering the Continuous Cash aid, annuities and other benefits of Continuous Cash was in BRL 33.5 billion. DB DC VC (hybrid) s Projected Benefits Obligations Present Benefit Obligations Percentage of s and Pension s % of Mathematical Reserves committed to Present Benefit Obligations Type Funds/s Up to 25% 25% to 50% 50% to 75% 75% to 100% DB 272 6,3% 17,3% 21,0% 55,5% DC ,1% 13,5% 6,6% 3,7% VC (hybrid) ,2% 31,5% 15,4% 4,9% s ,2% 34,2% 23,3% 15,2% Programmed Retirement Disability pensions Pensions 1 Accumulated as of Dec Accumulated average until Dec 2014 (in BRL). XVI. POPULATION STATISTICS* Age Pension Male Female Male Female Male Female Pension Up to 24 5,9% 3,7% 0,1% 0,1% 3,2% 3,3% 25 to 34 20,4% 11,8% 0,1% 0,1% 1,1% 1,8% 34% 25% 27% 35 to 54 31,9% 14,4% 10,0% 3,8% 5,0% 13,0% 55 to 64 5,8% 2,6% 30,2% 13,7% 5,0% 18,0% 65 to 74 1,3% 0,9% 23,5% 5,5% 5,5% 19,2% 66% 75% 73% 75 to 84 0,5% 0,4% 8,9% 1,6% 4,7% 13,1% Over 85 0,2% 0,1% 1,8% 0,4% 2,0% 5,1% Male Female Male Female Male Female Total 66,1% 33,9% 74,7% 25,3% 26,5% 73,5% *Data from 2014 / Sample of 246 pension funds and more than 3,2 million people Maturity* - Evolution Maturity Level by Type Percentage of s and s according to Maturity ,4% 47,2% Type of plan Funds/s Up to 25% 25% to 50% 50% to 75% 75% to 100% ,7% DB % 11% 19% 46% DC % 7% 1% 1% ,5% 4,5% 10,4% VC (hybrid) % 10% 3% 3% s % 20% 11% 7% * Number of benefit recipients (retirees and pension beneficiaries) divided by the sum of active and retired members DB DC VC (hybrid)

6 XVII. PENSION FUND 1 PREVI PETROS FUNCEF FUNCESP FUND. ITAÚ UNIBANCO VALIA SISTEL FORLUZ BANESPREV REAL GRANDEZA FUNDAÇÃO ATLÂNTICO FAPES POSTALIS FUNDAÇÃO COPEL PREVIDÊNCIA USIMINAS CENTRUS TELOS HSBC FUNDO DE PENSÃO FACHESF ELETROCEEE VISÃO PREV ECONOMUS SERPROS CERES CBS PREVIDÊNCIA FUNBEP BB PREVIDÊNCIA FUNDAÇÃO IBM CAPEF MULTIPREV FUNDAÇÃO BANRISUL na ELETROS GERDAU PREVIDÊNCIA PREVI-GM BRASLIGHT FIBRA BRF PREVIDÊNCIA INFRAPREV PREVINORTE PSS CELOS SANTANDERPREVI FUNDAÇÃO LIBERTAS ELOS UNILEVERPREV VWPP FUNSSEST CITIPREVI FUNDAÇÃO ITAÚSA ODEBRECHT PREVIDÊNCIA na GEAPPREVIDÊNCIA nd 52 MULTIPENSIONS FUNDAÇÃO REFER FUSESC NUCLEOS SABESPREV PREVIRB ICATUFMP ITAÚ FUNDO MULTI na na na na 60 FUNEPP REGIUS METRUS PRECE EMBRAER PREV MÚLTIPLA INSTITUTO AMBEV BANDEPREV FAELBA JOHNSON & JOHNSON PREVDOW PREVIBAYER ENERPREV na na na na 73 FUNDAÇÃO PROMON FUNSEJEM PREVI-SIEMENS QUANTA - PREVIDÊNCIA BANESES FASC FACEB SANPREV PRHOSPER FUSAN FUNDAÇÃO CORSAN FAELCE PREVI-ERICSSON FIPECQ HP PREV FORD PREVIG BASF ACEPREV SÃO BERNARDO SÃO RAFAEL BRASILETROS CIBRIUS PREVISC BASES PREVUNIÃO PREVI NOVARTIS GEBSA-PREV PREVDATA ECOS PREVIBOSCH DESBAN CARGILLPREV FUNDAMBRAS ABRILPREV ISBRE SYNGENTA PREVI CELPOS AGROS WEG FUNDIÁGUA DUPREV PREVSAN MBPREV PLANEJAR CYAMPREV PREVHAB IAJA FASCEMAR ELETRA SERGUS COMSHELL UNI+PREV MULTIPAT na na na na 126 FUND. SÃO FRANCISCO SEBRAE PREVIDÊNCIA ULTRAPREV PREVICAT na na na na 130 PREVEME FACEAL PREVIPLAN REDEPREV PREVICOKE FABASA CAPAF

7 XVII. PENSION FUND 137 VIKINGPREV MAIS VIDA PREVIDÊNCIA MENDESPREV INDUSPREVI HSBC INSTITUIDOR PREVIM-MICHELIN OABPREV-SP DERMINAS BUNGEPREV GOODYEAR GASIUS FGV-PREVI SUPREV PORTOPREV UNISYS PREVI FAPERS FUTURA CAPESESP FUNDAÇÃO ENERSUL PREVMON SEGURIDADE FAPA CARREFOURPREV ALPAPREV CABEC PREVINDUS SP-PREVCOM PREVCUMMINS FUNDAÇÃO BEMGEPREV na na PREVISCÂNIA na na na na 167 FUNTERRA P&G PREV PFIZER PREV PORTUS CIFRÃO MSD PREV FACEPI DANAPREV RANDONPREV CASFAM PREV PEPSICO MARCOPREV FIOPREV FAECES VOITH PREV FASERN PREVIP SICOOB PREVI EATONPREV LILLY PREV SOMUPP PREVIDEXXONMOBIL TETRA PAK PREV POUPREV CASANPREV CAPOF SUPRE KPMG PREV FUCAP PREVICEL AVONPREV CARBOPREV TEXPREV RAIZPREV OABPREV-PR FUNPRESP-EXE MERCAPREV MAUÁ PREV PREVEME II ROCHEPREV PREVIHONDA FAÇOPAC ALPHA BOTICÁRIO PREV OABPREV-RJ CAGEPREV FUNDAÇÃO GAROTO PREVBEP FAPECE na FUMPRESC OABPREV-MG MERCERPREV VISTEON na na na na 220 FUNASA JUSPREV OABPREV-SC CAFBEP RECKITTPREV INSTITUTO GEIPREV INERGUS PREVYASUDA MÚTUOPREV na na na na 229 CARFEPE OABPREV-GO PREVCHEVRON FUNDO PARANÁ ALBAPREV DATUSPREV na na na na 235 OABPREV-RS PREVUNISUL MM PREV MONGERAL FUNCASAL FUNPRESP-JUD nd 241 SILIUS FUTURA II PREVES na na 244 UNIPREVI OABPREV-NORDESTE ALEPEPREV SBOTPREV na na na na 248 CNBPREV CAVA ANABBPREV RJPREV FUCAE na na na na 253 FUNDAÇÃO FECOMÉRCIO PREVIMA MAPPIN SUL PREVIDÊNCIA CIASPREV ORIUS na ACIPREV PREVCOM-MG 474 na na na na 261 EDS PREV na na TOTAL ESTIMADO * Dependents* * *Dec/14 The Statistical Data is published by ABRAPP - the Brazilian Association of s Produced by: Technical Center - ABRAPP / nucleotecnico@abrapp.org.br website: