This excerpt taken from the PBR 20-F filed May 22, 2009.
Item 16A. Audit Committee Financial Expert
On June 17, 2005, our board of directors approved the appointment of an audit committee for purposes of the Sarbanes-Oxley Act of 2002. Our
board of directors has determined that Fabio Colletti Barbosa is the audit committee financial expert, and he is independent, as defined in 17 CFR 240.10A-3.
PifCos board of directors currently serves as its audit committee for purposes of the Sarbanes-Oxley Act of 2002. PifCos board of directors has determined that Marcos Antonio Silva Menezes is an audit committee financial expert within the meaning of this Item 16A. Mr. Menezes is not independent as defined in 17 CFR 240.10A-3.