11

LLX Logística S.A.

December, 2009

2

This presentation relating to LLX Logística S.A. (“LLX”) includes “forward-looking statements”, as that term is defined in the Private Securities Litigation Reform Act of 1995, in Section 27A of the Securities Act of 1933 and Section 21E of the U.S. Securities Exchange Act of 1934. All statements other than statements of historical facts are statements that could be deemed forward-looking statements and are often characterized by the use of words such as “projects”, “expects”, “anticipates”, “intends”, “plans”, “believes”, “estimates”, “may”, “will”, or “intends”, or by discussions or comments about our objectives, strategy, plans or intentions and results of operations. Forward-looking statements include projections regarding our operating capacity, operating expenditures, capital expenditures and start-up dates.

•By their nature, these forward-looking statements inv olve numerous assumptions, uncertainties and opportunities, both general and specific. The risk exists that these statements may not be fulfilled or, even if they are fulfilled, the results or developments described in such statements may not be indicative of results or developments in future periods. We caution participants of this presentation not to place undue reliance on these forward-looking statements as a number of factors could cause future results to differ materially from these statements.

Forward-looking statements may be influenced in particular by factors such as the ability to obtain all required regulatory approvals and licenses on a timely basis or at all, and changes in economic, political and regulatory conditions. We caution that the foregoing list is not exhaustive. When relying on forward-looking statements to make decisions, investors should carefully consider these factors as well as other uncertainties and events.

LLX does not undertake to update our forward-looking statements unless required by law. This presentation is neither an offer to sell (which can only be made pursuant to definitive offering documents) nor a solicitation of an offer to buy any securities in the United States, or any other jurisdiction. The securities referred to herein have not been registered in any jurisdiction, and in particular, will not be registered under the U.S. Securities Act of 1933, as amended, or any applicable state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from such registration requirements.

•This presentation and its contents are proprietary information and may not be reproduced or otherwise disseminated in whole or in part without LLX’s prior written consent.

Inv estor Relations

Otávio Lazcano – CEO

Antonio Castello Branco – Manager

Camila F. Mation Anker - Coordinator

Tel. 55 21 2555-5661

ri@llx.com.br

Disclaimer

33

1. Overview

4

31.110 3.572

1.945 2.177

EBX´s publicly held companies

Core Business:

Logistics

Core Business:

Power Generation

Core Business:

Oil & Gas

Core Business:

Mining

Market Cap*

Market Cap* Market Cap*

Market Cap*

LLX was created in March 2007, to provide logistic

services through the development of two major port

systems in the Southeast region of Brazil.

Its main strengths are:

� Strategic locations and large back-areas;

� Integration with existing rail and road

infrastructure;

� Low cost operational model (private terminals);

� Long term contracts and synergies generated

within the EBX Group;

� Experienced management team;

� Secured Debt Financing Sources;

� Social and Environmental Responsibility

Total: US$ 38.8 bn

* As of 04th December 2009

Market Cap EBX Group – (USD M)

* R$/USD – R$ 1,71

5

BNDESPAR joins LLX´s Shareholder structureas part of a R$ 600 M Capital Increase

51%

LLX Minas-Rio

LLX Açu

70%

30%

Centennial

54%

LLX Sudeste

ControllingShareholder + Other Minority Shareholders

70%

30%

49%

MMX

Minas-Rio

100%

BNDESPAR has performed an extensive due diligence, which attested the quality of LLX projects

18% 3% 25%

% Shareholding

Post Capital Increase

Centennial

Açu Super Port

6

Experienced Management Team

OfficerOfficer ExperienceExperience

Otávio Lazcano

CEO

– Economist and MBA from Fundação Dom Cabral.

– 11 years of experience at CSN (Companhia Siderúrgica Nacional)

– Former CFO and IRO of CSN

– 4 years at Aracruz

Leonardo Pimenta Gadelha

Chief Financial Officer

– Civil Engineer from from Pontifícia Universidade Católica of Rio de Janeiro and is a CharteredFinancial Analyst (CFA) since 2003.

– Former CFO of Log-In Logística Intermodal (spin-off and IPO).

– 5 years at Vale: corporate governance department and M&A area (Caemi and INCO deals).

José Salomão

Chief Development Officer

– Mechanical Engineer (UFES) and MBA in COPPEAD/UFRJ

– 23 years of experience in the design, implementation and operation of port terminals (iron ore, coal, pig iron, fertilizers, agricultural baul, containers and general cargo).

– Held executive positions in Porto de Tubarão, Porto de Praia Mole, TVV, Pasha Terminal – Los Angeles, Docenave and Brasil Ferrovias.

Luis Alfredo Osório de Castro

Chief Implementation Director

– Civil Engineer (UGF/RJ) and MBA from FGV/RJ. Project Management (PMI) certificate from FIA/USP.

– 30 years experience in implementing infrastructure projects (urban projects and port terminals); power plants and industrial facilities at Pronil, OAS and Brascan.

Eike Fuhrken Batista

Chairman and Founder

– Founder and CEO of EBX, entrepreneurial conglomerate founded in 1983

Claudio Lampert

Chief Legal Officer

– Law Degree from UERJ and LLM from University of Miami.

– 15 years experience in structuring and development of several mining, power and other infra-structure related projects in Brazil as a partner of Veirano Advogados.

7

LLX´s Projects

Açu SuperPort

Sudeste Port

Fully integrated in Brazil s main logistic network and to 72% of the country´s GDP

8

LLX: Innovating Port´s Infrastructure

LLX´s Port-Industry Complex : world-class logistic solutions

A Typical Brazilian Port

� Açu Industrial Zone : 90 Km2

� 66 MOUs

� No area for port growth

� Logistic bootlenecks

Industrial District concept under develpoment

Industrial Area

9Source : (*) CEL/COPPEAD 2008 – v ol 1 and Port Sites

LLX : Unclogging Brazil s Logistics

LLX´s Ports: reinforcing Brazil s capesize capacity and beyond

Manaus

Itaquí

Fortaleza

Suapé

Salvador

Vitória

Rio de Janeiro

Santos

Paranaguá

São Francisco do Sul

Rio Grande

Amazon River

80% of the Brazilian population lives within 200 km (124 miles) of the coast

Only 7% of Brazilian Ports are able to

receive capesize vessels*.

10

Company Services rendered Revenue Model

LLX Minas Rio Iron Ore handlingFirm contract with Anglo that guarantees 15% py IRR to firm in US$ unleveraged

LLX Açu

Multi product handling(Steel,Coal,Liquid & DryBulk,General Cargo) ; Land

Lease and Services & Utilities

Tariffs negotiated to ensure a

minimum 15% py IRR to

Firm in US$ (under Long Termcontracts) unleveraged

LLX Sudeste Iron ore handling

Long term contracts with

fixed tariffs competitivewith comparable market

rates. Not linked to commodity prices.

LLX´s Business Model

LLX is signing long term agreements with setorial industry leaders guaranteing

a steady cashflow and dividends to shareholders

1111

‘

Port AçuPort AçuPort Açu

Açu Superport

12

Açu Superport - Highlights

� The largest investment in port infrastructure in Brazil, with state-of-the-art facilities

� Under construction, to be completed by 1H2012

� Brings the concept of Port – Industry integration in a very large scale : 90 Km2

� Anchored on a long-term contract to ship Anglo American’s Minas Rio iron ore

with a guaranteed 15% IRR to firm

� Already 66 contracts and MoUs signed with companies from sectors such as:

� steelmaking,

� power generation,

� cement,

� metal mechanic

� Oil and Gas

� Total investments in Açu Industrial District would reach more than USD 36 billion

�automotive,

�dry & liquid bulk handling,

�general cargo

�services

13

Açu Industrial ComplexA new cluster for heavy industry

90 Km2 Industrial Complex (larger than Manhattan Island)

Industrial Complex concept under development

ManhattanIsland

AÇU

14

Açu SuperportLocation and Logistic Integration to main Railway and Highway network

� BR 101 to be duplicated

� A 45 km new railway track will connect AçuSuperPort to the FCA railway within

a multimodal Logistic Corridor

A Complete Logistic Corridor

Highway

Gas Pipelines

Telecom

W ater

Railway

15

Açu SuperportOil Handling and Onshore Storage for Campos Basin

OIL COMPANIES

Consolidation and

Onshore Storage :

21 M m3 py

For Export &

Coastal Shipping

( Considering only

5 active blocks and

excluding Petrobras )

Storage & Treatment

Small TankersShuttle

VLCC Export Tankers

FPSO

FPSO

Exp

ort

15

0 k

mAçu Superport

16

Açu SuperportConstruction Site

Açu Superport General View

November/2009

16

17

Açu SuperportConstruction Site

Threstle (2,500 m as of November 2009)

November/2009

17

18

Steel Products

General Cargo

Iron Ore

Coal

Liquid Bulk

Açu SuperportUnder construction and attracting key industrial players

Açu Superport construction started in October/2007 and has already 66 MoUs in place

19

Industrial areas rental

Up to 15.0 mtpyUp to 12.5 mtpy

Up to 7.5 mtpy

Iron Ore: Coal: Dry Bulk:Steel Products:

General Cargo: Supply Boats: Real Estate:

Up to 63.2 mtpy Up to 5.0 mtpy

1,000 berthings py

Açu SuperportMain activities

Capex ( for 100% of the project )

LLX Minas-Rio: US$ 900 M

LLX Açu (Non Ore): US$ 700 M

Liquid Bulk:

Up to 4.0 M m3 py

*According to Verax Feaseability Study as of June 08 and Company update

20

Açu SuperportMilestones

Açu Superport Construction on Track

1H06 2H06 1H07 2H07 1H08 2H08 1H09 2H09 1H10 2H10 1H112H11 1H12

Project

detailing

Construction

License

Construction

beginsStart up

Environmental

License

ANTAQ

Authorization

Project

detailing

Offshore

Construction

License

Onshore

Environmental

License

Start up

Offshore

Environmental

License

ANTAQ

authorization

Onshore

Construction

License

Construction

begins

Development

Construction

Operations

Under Construction

Under Construction

LLX M

inas Rio

LLX Açu

21

Development CAPEX - USD M

40

193 197

283

184

3

16

8331

238

231

101

-

100

200

300

400

500

600

2007 2008 2009 2010 2011 2012

LLX Minas-Rio LLX Açu

Volume Ramp Up (Mtpy)

52

3623

7870

87

105

0

20

40

60

80

100

120

2012 2013 2014 2015 2016 2017... ...2032

Açu SuperportVolume and Capex

Açu Superport total CAPEX of USD 1.6 Bn

56

522

415

103

276228

Minas Rio USD 900M

LLX Açu USD 700M

Total CAPEX USD 1.6 Bn

Actual

2222

Port AçuPort AçuPort AçuPort AçuPadrão Super Port Açu

Sudeste Port

23

Sudeste PortLocation and Logistic Integration

Private mixed-use port terminal

Licensed for 50 Mtpy capacity

Direct railway link through MRS to Minas Gerais iron ore deposits

Port Service Agreement with MMX Sudeste already in place

Will also service third partieslocated in the Serra Azul region.

Highlights

MMX

Sudeste

MMX Sudeste

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Private Port Terminal dedicated to iron ore with operation start up in 2H11

Sudeste PortGeneral View

� Environmental and Construction License

Granted for 50 Mtpy

� 780,000 m² of back-area with a storage

capacity of 2,5 Mt of Iron Ore

LLX

CSN

VALE

VALE

CSN

25

Sudeste PortGeneral View: Onshore Site

Last available location for a Bulk Terminal in Sepetiba region

Administrative Buildings

Rail Loop

Iron Ore Yard El. 32

Iron Ore Yard El. 06

RailcarDumper

26

Sudeste PortIron Ore Operation

CONVEYOR BELT

STACKERRECLAIMER

UNLOADING

CAR DUMPER

RAILWAY SIDING

SHIP LOADERS

27

Sudeste PortQuarry Operation

Quarry in operation recycled into an Iron Ore stockyard

28

Sudeste PortMilestones

Sudeste Port will start its operation in 2011

1H06 2H06 1H07 2H07 1H08 2H08 1H09 2H09 1H10 2H10 1H11 2H11

Development

start#up

Environmental

Studies

Pedreira

Sepetiba

Acquisition

EIA

RIMA

EIA RIMA

Completed

Environmental

License

Construction

License Start up

Navy

Approval

ANTAQ

Authorization

Construction

begins

Development

Construction

Operations

Port Sudeste

Under Construction

29

Development CAPEX - USD M

4421

44

514

117

-

100

200

300

400

500

600

2007 2008 2009 2010 2011

Volume (Mtpy)

12

31

4146

50 50 50

0

10

20

30

40

50

60

2011 2012 2013 2014 2015 2016... ...2020

Sudeste PortVolume and Capex

Development CAPEX: USD 740 Million

50 Mtpy of Iron Ore

Actual

30

900

2340700

603

227740

376

1737

261

0

500

1000

1500

2000

2500

3000

Minas Rio LLX Açu Port Sudeste

(Phase 1&2)

Total Capex Debt Total Equity

Needed

Equity

Partners

LLX S/A

Equity

Needed

LLX S/A

Equity

Existing and

New

280

Sources & Uses

LLX’s Projects 100% (USD M)

Capital Increase:

R$ 600 M

Debt/ Equity assumption: 75/25 (except Minas Rio: 73/27)

R$/US$= 2,20

33% signed

67% eligible

Existing equity

280

280

553273

31

Consolidated Financial Highlights

280

280

FUNDING REQUIREMENTS

Long Term (12 years) and attractively priced financing by BNDES for:

- LLX Minas-Rio : R$ 1,321 Billion signed

- LLX Açu - announced as elegible as of Nov, 2008.

- LLX Sudeste - announced as elegible as of April, 2009.

Financial Highlights @ September 30th, 2009

Cash Position (*) Debt

2007 2008 9M09 2007 + 2008 + 9M09 Actual 30/09/2009 3Q09

LLX Minas Rio (51%) R$ 40,0 R$ 182,0 R$ 158,6 R$ 380,7 R$ 36,1

LLX Açu (100%) R$ 29,4 R$ 153,0 R$ 24,4 R$ 206,8LLX Sudeste(100%) R$ 86,1 R$ 39,7 R$ 49,1 R$ 174,9

LLX Brasil(100%) R$ 3,6 R$ 49,1 R$ 52,7

TOTAL R$ 159,1 R$ 423,8 R$ 232,2 R$ 815,1 R$ 499,2 R$ 219,5

(*) Cash Position (includes LLX S/A)

R$ 463,0 R$ 219,5

R$ MillionCAPEX

3232

Thank you!www.llx.com.br

Email: ir@llx.com.br

Phone: 55 21 2555 5661