Itaúsa is a pure holding company responsible for the strategic management of a group of companies that are distributed throughout different business sectors: Itaú Unibanco Holding S.A., with operations in the financial market, and Duratex S.A., Itautec S.A. and Elekeiroz S.A., which are leading companies in their respective industrial fields.

The Itaúsa Conglomerate management model is based on the administrative autonomy of the member companies, allowing the companies to achieve high productivity levels, training their employees and developing technology to constantly improve the products and services they offer to the market.

This management model also guarantees that the principles and values that govern the holding company are fully practiced by the Conglomerate companies.

Business ethics, customer satisfaction and the generation of value for shareholders are incontestable premises that orient the work of the over 123,000 Itaúsa Conglomerate employees.

Shareholding Structure as of December 31, 2010

*Excluding the shares held by controlling shareholders and the shares in treasury.