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This excerpt taken from the PBR 6-K filed Aug 15, 2007. 6. Dividends and Interest on own capital Dividends for the fiscal year of 2006, approved by the General Shareholders’ Meeting of April 2, 2007, in the amount of R$ 1,535 million (discounting advanced payments effected on January 4 and March 30, in the amount of R$ 6.361 million), were paid to shareholders on May 17, 2007. On July 25, 2007, the Company’s Board of Directors approved an advanced payment to shareholders in the form of interest on own capital, in the amount of R$ 2.194 million, pursuant to article 9 of Law 9.249/95 and Decrees 2.673/98 and 3.381/00. This payment will be made to shareholders no later than January 31, 2008, based on the shareholders of record as of August 17, 2007, corresponding to R$ 0,50 per common and preferred share, and will be discounted from declared dividends for the fiscal year of 2007. Said amount will be subject to monetary restatement in line with the variation in the Selic interest rate if paid before December 31, 2007, between the effective payment date and the end of the fiscal year in question. If paid in 2008, said amount will be subject to monetary restatement in line with the variation in the Selic interest rate between December 31, 2007, and the initial payment date. This interest on own capital is subject to withholding income tax of 15% (fifteen percent), except for shareholders who are exempt from said tax. 31 This excerpt taken from the PBR 6-K filed May 30, 2006. DIVIDENDS AND INTEREST ON OWN CAPITAL
Interest on equity of R$ 0.25 will be subject to 15% withholding tax while the value of R$ 0.0369, corresponding to the variation in the SELIC rate between December 31 2005 and May 23 2006 will be subject to 22.5% withholding tax. The above-mentioned Withholding Tax is not applicable to tax immune or exempt shareholders. This excerpt taken from the PBR 6-K filed May 22, 2006. DIVIDENDS AND INTEREST ON OWN CAPITAL
Interest on equity of R$ 0.25 will be subject to 15% withholding tax while the value of R$ 0.0369, corresponding to the variation in the SELIC rate between December 31 2005 and May 23 2006 will be subject to 22.5% withholding tax. The above-mentioned Withholding Tax is not applicable to tax immune or exempt shareholders. This excerpt taken from the PBR 6-K filed Aug 19, 2005. 5. Dividends and Interest on Own Capital On June 17, 2005, the Board of Directors approved a distribution of remuneration to shareholders in the form of interest on own capital, as set forth in Article 9 of Law 9,249/95 and Decree Numbers 2,673/98 and 3,381/00. The R$ 2.194 million amount to be distributed corresponds to a gross value of R$ 2,00 per ordinary and preferred share and is being provisioned in the financial statements of June 30, 2005, to be paid out until January 31, 2006, based on the shareholder position on June 30, 2005. As per the terms of Decree Numbers 2,673/98 and 3,381/00, if payment occurs after December 31, 2005, variation in the SELIC rate will be applied, from December 31, 2005 to the date of the effective payment. This interest on own capital must be discounted from the remuneration to be distributed at the end of 2005, and is subject to a 15% (fifteen per cent) withholding income tax, except for the shareholders that declare that they are exempt or immune. 105 This excerpt taken from the PBR 6-K filed Aug 16, 2005. 6. Dividends and Interest on Own Capital On June 17, 2005, the Board of Directors approved a distribution of remuneration to shareholders in the form of interest on own capital, as set forth in Article 9 of Law 9,249/95 and Decree Numbers 2,673/98 and 3,381/00. The R$ 2.194 million amount to be distributed corresponds to a gross value of R$ 2,00 per ordinary and preferred share and is being provisioned in the financial statements of June 30, 2005, to be paid out until January 31, 2006, based on the shareholder position on June 30, 2005. As per the terms of Decree Numbers 2,673/98 and 3,381/00, if payment occurs after December 31, 2005, variation in the SELIC rate will be applied, from December 31, 2005 to the date of the effective payment. This interest on own capital must be discounted from the remuneration to be distributed at the end of 2005, and is subject to a 15% (fifteen per cent) withholding income tax, except for the shareholders that declare that they are exempt or immune. 26 This excerpt taken from the PBR 6-K filed May 16, 2005. 6. Dividends and Interest on Own Capital
The dividends approved in the General Ordinary Assembly on March 31, 2005 related to fiscal year 2004, were R$ 5.044 million (R$ 4,60 per share), of which R$ 3.290 million was already paid to shareholders on February 15, 2005, corresponding to R$ 3,00 per ordinary and preferred share, based on the shareholder position on September 30, 2004. Included in this dividend is interest on own capital in the amount of R$ 4.386 million (R$ 4,00 per share). The dividend amount (R$ 658 million) and the parcel of interest on own capital (R$ 1.096 million) will be monetarily restated from December 31, 2004 to the payment date, May 17, 2005, in accordance with variation in the SELIC rate. | EXCERPTS ON THIS PAGE:
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