About this Report

This report is designed to communicate to society, primarily the company's internal public, clients, suppliers, shareholders, investors and communities, the results of the management model adopted by the Itaúsa Conglomerate and its main companies during the period ranging from January 1 to December 31, 2010. The document is also designed to present the market with the performance, goals and perspectives of the holding's management.

This document is published on an annual basis and has been elaborated since 2001. Last year, it reported on the fiscal year of 2009, and it is important to point out that the current edition emphasizes Itaúsa's commitment to disclosing its results pursuant to the Global Reporting Initiative (GRI) guidelines. The activities related to the continuous improvement of this report are led by the holding and disseminated by the companies of the Conglomerate, which also adopt, at different levels of application, these guidelines for the elaboration of their respective reports.

The social-environmental information consolidates the management and performance of the Conglomerate's main companies – Duratex S.A., Elekeiroz S.A., Itautec S.A. and Itaú Unibanco Holding S.A. – and their operations in Brazil, except when otherwise indicated. With relation to the economic and financial information, the adjustments resulting from the adoption of the International Financial Reporting Standards (IFRS) had a significant impact on the company's financial statements. Aiming at making a transparent transition that follows best practices, we will present, wherever applicable, the financial highlights before (BRGAAP) and after the adjustments (IFRS). Such practices were adopted on January 1, 2009, granted that the previous periods are presented in the BRGAAP model. The effects for this adoption for Itaúsa are shown in the accounting statements included in this publication, as well as in the respective reports from each company.

The accounting statements were audited by PricewaterhouseCoopers and made available to the Brazilian Securities and Exchange Commission (CVM). The social-environmental information was not verified by any independent external audit. The compilation of this data involved the main areas of the companies and there was no need to reformulate the data published in previous reports.

For further information, please visit www.itausa.com.br or write to investidores@duratex.com.br, sustentabilidade@elekeiroz.com.br, sustentabilidade@itautec.com and comunicacao.corporativa@itau-unibanco.com.br.

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