Deal #749 Version #49110

Brasil Agro's "core business consists of the acquisition, development, operation and sale of rural properties suitable for agricultural activities. We acquire rural properties that we believe offer significant potential for cash flow generation and value appreciation by holding the asset and developing profitable agricultural activities. Once we acquire our rural properties, we begin to implement high-value-added crops and to transform these rural properties by investing in infrastructure and technology, while also entering into lease agreements with third parties. In line with our strategy, when we understand a rural property has reached its optimal value, we sell it to capture the capital gains." http://www.mzweb.com.br/brasilagro2011/web/conteudo_en.asp?idioma=1&conta=44&tipo=36892