REGISTRATION WITH CVM SHOULD NOT BE CONSTRUED AS AN EVALUATION OF THE COMPANY. COMPANY MANAGEMENT IS RESPONSIBLE FOR THE INFORMATION PROVIDED.

REGISTRATION WITH CVM SHOULD NOT BE CONSTRUED AS AN EVALUATION OF THE COMPANY. COMPANY MANAGEMENT IS RESPONSIBLE FOR THE INFORMATION PROVIDED. 01.01 - IDENTIFICATION 1 - CVM CODE 2 - COMPANY NAME 3 - CNPJ (Corporate Taxpayer s ID) 02003-6 BRASILAGRO CIA BRAS PROPRIEDADES AGRICOL 07.628.528/0001-59 4 - NIRE (Corporate Registry ID) 35300326237 01.02 - HEADQUARTERS 1 - ADDRESS AVENIDA BRIG FARIA LIMA, 1309 5 O ANDAR 2 - DISTRICT JARDIM PAULISTANO 3 - ZIP CODE 01452-002 4 - CITY SÃO PAULO 5 - STATE SP 6 - AREA CODE 11 7 - TELEPHONE 3035-5374 8 - TELEPHONE 3035-5350 9 - TELEPHONE 3035-5358 10 - TELEX 0 11 - AREA CODE 11 12 - FAX 3035-5366 13 - FAX -0 14 - FAX -0 15 - E-MAIL ri@brasil-agro.com 01.03 - INVESTOR RELATIONS OFFICER (Company Mailing Address) 1- NAME CARLOS AGUIAR NETO 2 - ADDRESS AVENIDA BRIG FARIA LIMA, 1309 5 O ANDAR 3 - DISTRICT JARDIM PAULISTANO 4 - ZIP CODE 01452-002 5 - CITY SÃO PAULO 6 - STATE SP 7 - AREA CODE 11 8 - TELEPHONE 3035-5374 9 - TELEPHONE 3035-5350 10 - TELEPHONE 3035-5358 11 - TELEX 0 12 - AREA CODE 11 13 - FAX 3035-5366 14 - FAX -0 15 - FAX -0 15 - E-MAIL carlos.aguiar@brasil-agro.com 01.04 - DFP REFERENCE AND AUDITOR INFORMATION YEAR 1 DATE OF THE FISCAL YEAR BEGINNING 2 DATE OF THE FISCAL YEAR END 1 Last 07/01/2008 06/30/2009 2 Next to last 07/01/2007 06/30/2008 3 Last but two 07/01/2006 06/30/2007 4 - INDEPENDENT ACCOUNTANT PRIECEWATERHOUSECOOPERS AUDITORES INDEPENDENTES 5 - CVM CODE 00287-9 6 - TECHNICIAN IN CHARGE WANDER RODRIGUES TELLES 7 - TECHNICIAN S CPF (INDIVIDUAL TAXPAYER S REGISTER) 153.211.501-68 1

01.01 - IDENTIFICATION 1 - CVM CODE 02003-6 2 - COMPANY NAME 3 - CNPJ (Corporate Taxpayer s ID) BRASILAGRO CIA BRAS PROPRIEDADES AGRICOL 07.628.528/0001-59 01.05 - CAPITAL STOCK Number of Shares (Units) 1 06/30/2009 2 06/30/2008 3 06/30/2007 Paid-in Capital 1 - Common 58,422,400 58,422,400 584,224 2 - Preferred 0 0 0 3 - Total 58,422,400 58,422,400 584,224 Treasury Stock 4 - Common 0 0 0 5 - Preferred 0 0 0 6 - Total 0 0 0 01.06 - COMPANY PROFILE 1 - TYPE OF COMPANY Commercial, Industry and Other Types of Company 2 - STATUS Operational 3 - NATURE OF OWNERSHIP Foreign 4 - ACTIVITY CODE 1210 Agriculture (Sugar, Alcohol and Sugar cane) 5 - MAIN ACTIVITY AGRIBUSINESS 6 - CONSOLIDATION TYPE Total 01.07 - COMPANIES NOT INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENTS 1 - ITEM 2 - CNPJ (Corporate Taxpayer s ID) 3 - COMPANY NAME 01.08 - CASH DIVIDENDS 1 - ITEM 2 - EVENT 3 - APPROVAL 4 - DIVIDEND 5 - DATE OF PAYMENT 6 - TYPE OF SHARE 7 - AMOUNT PER SHARE 01.09 - INVESTOR RELATIONS OFFICER 1 DATE 09/03/2009 2 - SIGNATURE 2

01.01 - IDENTIFICATION 1 - CVM CODE 02003-6 2 - COMPANY NAME 3 - CNPJ (Corporate Taxpayer s ID) BRASILAGRO CIA BRAS PROPRIEDADES AGRICOL 07.628.528/0001-59 02.01 - BALANCE SHEET - ASSETS (in thousands of reais) 1 - CODE 2 - DESCRIPTION 3 06/30/2009 4 06/30/2008 5 06/30/2007 1 Total Assets 636,395 610,239 580,984 1.01 Current Assets 298,663 383,630 381,342 1.01.01 Cash and Cash Equivalents 245,955 331,319 374,174 1.01.01.01 Cash and Banks 87 105 13 1.01.01.02 FIQ Agro Investments 0 0 374,161 1.01.01.03 FIM Guardian Investments 245,868 331,214 0 1.01.02 Credits 19,398 22,625 7,086 1.01.02.01 Clients 3,291 17,252 284 1.01.02.01.01 Lease Receivable 0 0 284 1.01.02.01.02 Receivables from products sold 3,291 17,252 0 1.01.02.01.03 Receivables from farm sold 0 0 0 1.01.02.02 Sundry Credits 16,107 5,373 6,802 1.01.02.02.01 Sundry Advances 984 1,120 115 1.01.02.02.02 Fiscal and tax credits 11,659 2,642 6,635 1.01.02.02.03 Other credits 1,016 1,611 52 Receivables from derivatives commodities 1.01.02.02.04 current crop 2,448 0 0 1.01.02.02.05 Receivables from derivatives - currency 0 0 0 1.01.02.02.06 Receivables from derivatives - index 0 0 0 1.01.03 Inventories 18,299 28,032 0 1.01.03.01 Inventories of soybean grains 1,773 242 0 1.01.03.02 Inventories of corn grains 3,670 0 0 1.01.03.03 Inventories of sorghum grains 242 0 0 1.01.03.04 Inventories of rice grains 1,361 0 0 1.01.03.05 Other crops 53 0 0 1.01.03.06 Crop under progress soybeans 73 465 0 1.01.03.07 Crop under progress corn 4,522 3,190 0 1.01.03.08 Crop under progress sorghum 1,258 994 0 1.01.03.09 Crop under progress sugarcane 4 0 0 1.01.03.10 Crop under progress rice 53 0 0 1.01.03.11 Inputs Storehouse 4,378 13,264 0 1.01.03.12 Advances for purchase of inputs 912 9,876 0 1.01.03.13 Unexpired indirect costs 0 1 0 1.01.04 Other 15,011 1,654 82 1.01.04.01 Prepaid Expenses 331 117 82 Commodities derivatives brokerage firms 1.01.04.02 balance 1 1,537 0 1.01.04.06 Short-term financial investments 14,679 0 0 1.02 Non-Current Assets 337,732 226,609 199,642 1.02.01 Long-Term Assets 15,566 5,832 179 1.02.01.01 Sundry Credits 9,657 4,940 170 1.02.01.01.01 Advances and Prepayment 0 0 0 1.02.01.01.02 Deferred taxes and contributions 9,657 4,940 170 3

01.01 - IDENTIFICATION 1 - CVM CODE 02003-6 2 - COMPANY NAME 3 - CNPJ (Corporate Taxpayer s ID) BRASILAGRO CIA BRAS PROPRIEDADES AGRICOL 07.628.528/0001-59 02.01 - BALANCE SHEET - ASSETS (in thousands of reais) 1 - CODE 2 DESCRIPTION 3 06/30/2009 4 06/30/2008 5 06/30/2007 1.02.01.01.03 Receivables from farm sold 0 0 0 1.02.01.02 Credit with Related Parties 0 33 9 1.02.01.02.01 Direct and Indirect Associated Companies 0 0 0 1.02.01.02.02 Subsidiaries 0 0 0 1.02.01.02.03 Other Related Parties 0 33 9 1.02.01.03 Other 5,909 859 0 1.02.01.03.01 Receivables from derivatives - commodities 5,909 859 0 1.02.01.03.02 Receivables from derivatives - currency 0 0 0 1.02.01.03.03 Receivables from derivatives - index 0 0 0 1.02.01.03.04 Rural Property Inventories 0 0 0 1.02.02 Permanent Assets 322,166 220,777 199,463 1.02.02.01 Investments 236,160 166,415 187,581 1.02.02.01.01 In Direct and Indirect Associated Companies 6,979 6,915 4,748 In Direct and Indirect Associated Companies 1.02.02.01.02 Goodwill 0 0 0 1.02.02.01.03 In Subsidiaries 208,847 155,539 182,352 1.02.02.01.04 In Subsidiaries Goodwill 0 0 0 1.02.02.01.05 Other Investments 0 0 0 Advance for Investments in Subsidiaries in the 1.02.02.01.06 Country 20,334 3,961 481 1.02.02.02 Property, Plant and Equipment 85,156 53,059 10,355 1.02.02.02.01 Land and Farm Facilities 31,139 30,860 9,424 1.02.02.02.02 Operating Assets 5,553 2,785 504 1.02.02.02.03 Refurbishment and Improvements 1,710 1,233 332 1.02.02.02.04 Construction in Progress 2,088 203 0 1.02.02.02.05 Permanent Crop - Construction in Progress 0 9,703 95 1.02.02.02.06 Permanent Crop PP&E 44,666 8,275 0 1.02.02.03 Intangible 0 0 0 1.02.02.04 Deferred 850 1,303 1,527 1.02.02.04.01 Pre-Operating Expenses R&D 374 578 783 1.02.02.04.02 Pre-Operating Expenses General 476 725 744 1.02.02.04.03 Soil Preparation and Cleaning Expenses 0 0 0 4

01.01 - IDENTIFICATION 1 - CVM CODE 02003-6 2 - COMPANY NAME 3 - CNPJ (Corporate Taxpayer s ID) BRASILAGRO CIA BRAS PROPRIEDADES AGRICOL 07.628.528/0001-59 02.02 - BALANCE SHEET - LIABILITIES (in thousands of reais) 1 - CODE 2 DESCRIPTION 3 06/30/2009 4 06/30/2008 5 06/30/2007 2 Total Liabilities 636,395 610,239 580,984 2.01 Current Liabilities 36,332 22,965 7,719 2.01.01 Loans and Financing 11,044 262 0 2.01.02 Debentures 0 0 0 2.01.03 Suppliers 4,771 2,635 159 2.01.04 Taxes, Fees and Contributions 3,390 3,454 3,546 2.01.04.01 Withholding Taxes and Contributions 68 67 3 2.01.04.02 Taxes and Contributions on Revenues 490 310 29 2.01.04.03 Income Tax and Social Contribution Payable 2,000 2,957 3,514 Provisions for Deferred Corporate Income Tax and 2.01.04.04 Social Contribution 832 120 0 2.01.05 Dividends Payable 2 1,130 0 2.01.06 Provisions 0 0 0 2.01.07 Debts with Related Parties 0 0 0 2.01.08 Other 17,125 15,484 4,014 2.01.08.01 Payroll and Social Charges Payable 3,044 4,655 1,269 2.01.08.02 Acquisitions Payable Current 14,081 9,797 2,527 2.01.08.03 Liabilities Payable 0 12 13 2.01.08.04 Bank Liabilities 0 0 0 2.01.08.05 Accounts payable from derivatives - commodities 0 1,020 158 2.01.08.06 Accounts payable from derivatives - currency 0 0 0 2.01.08.07 Accounts payable from derivatives - index 0 0 0 2.01.08.08 Advance from clients 0 0 47 2.01.08.09 Advance for Future Capital Increase 0 0 0 2.02 Non-Current Liabilities 23,311 11,472 2,796 2.02.01 Long-Term Liabilities 23,311 11,472 2,796 2.02.01.01 Loans and Financing 9,467 809 0 2.02.01.02 Debentures 0 0 0 2.02.01.03 Provisions 0 0 0 2.02.01.04 Debts with Related Parties 0 0 0 2.02.01.05 Advance for Future Capital Increase 0 0 0 2.02.01.06 Other 13,844 10,663 2,796 2.02.01.06.01 Long-term Acquisitions Payable 0 6,088 2,728 2.02.01.06.02 Provision for Taxes and Contributions 13,844 4,575 68 2.02.01.06.03 Derivatives Commodities Liabilities 0 0 0 2.02.01.06.04 Derivatives Currency Liabilities 0 0 0 2.02.01.06.05 Derivatives Index Liabilities 0 0 0 2.03 Deferred Income 0 0 0 2.05 Shareholders Equity 576,752 575,802 570,469 2.05.01 Paid-up Capital 584,224 584,224 584,224 2.05.01.01 Cash Private Subscription - Country 110 110 110 2.05.01.02 Cash Private Subscription - Abroad 914 914 914 5

01.01 IDENTIFICATION 1 - CVM CODE 02003-6 2 - COMPANY NAME 3 - CNPJ (Corporate Taxpayer s ID) BRASILAGRO CIA BRAS PROPRIEDADES AGRICOL 07.628.528/0001-59 03.01 - INCOME STATEMENT (in thousands of reais) 1 - CODE 2 DESCRIPTION 3 07/01/2008 to 06/30/2009 4 07/01/2007 to 06/30/2008 5 07/01/2006 to 06/30/2007 3.01 Gross Revenue from Sales and/or Services 30,799 23,414 236 3.01.01 Revenues from Land Leasing 0 47 236 3.01.02 Revenues from Grain Sales 30,638 18,797 0 3.01.03 Revenues from Sugarcane Sales 88 4,570 0 3.01.04 Byproduct Sales and Other 73 0 0 3.02 Gross Revenue Deductions (854) (888) (23) 3.02.01 Taxes on Lease Revenues (26) (18) (23) 3.02.02 Taxes on Revenues from Soybean Sales (828) (870) 0 3.03 Net Revenue from Sales and/or Services 29,945 22,526 213 3.04 Cost of Goods and/or Services Sold (30,561) (18,964) 0 3.04.01 Costs of Agricultural Products Sold (29,405) (18,964) 0 3.04.02 Market Value Adjustment (1,156) 0 0 3.05 Gross Income (616) 3,562 213 3.06 Operating Expenses/Income 6,137 13,738 23,270 3.06.01 Selling (1,026) (614) 0 3.06.02 General and Administrative (20,945) (19,003) (12,756) 3.06.02.01 Administrative Expenses (143) (988) (668) 3.06.02.02 Fee Expenses (9,363) (7,694) (7,173) 3.06.02.03 Personnel Expenditures (6,970) (5,729) (3,728) 3.06.02.04 Share Placement Expenditures (1,897) 0 (165) 3.06.02.05 Depreciation and Amortization Expenses (538) (539) (401) 3.06.02.06 Other General and Administrative Expenses (2,034) (4,053) (621) 3.06.03 Financial 32,306 43,226 46,228 3.06.03.01 Financial Income 33,733 44,697 46,805 3.06.03.01.01 Exclusive Fund Investments Yields 21,133 44,568 46,080 3.06.03.01.02 Positive Exchange Variation on Liabilities 517 160 595 3.06.03.01.03 Monetary Variation on Liabilities (218) (1,055) 0 3.06.03.01.04 Interest Gains 901 87 286 3.06.03.01.05 Derivatives realized income commodities 5,014 (1,799) 0 3.06.03.01.06 Derivatives realized income currency 0 1,050 0 3.06.03.01.07 Derivatives realized income indexes 0 1,616 (156) 3.06.03.01.08 Derivatives income - outstanding commodities 6,386 70 0 3.06.03.01.09 Derivatives income - outstanding currency 0 0 0 3.06.03.01.10 Derivatives income outstanding indexes 0 0 0 3.06.03.02 Financial Expenses (1,427) (1,471) (577) 3.06.03.02.01 Banking Expenses and Charges (1,427) (1,471) (577) 3.06.04 Other Operating Income 0 0 0 3.06.05 Other Operating Expenses 0 0 0 3.06.06 Equity in the Earnings of Subsidiaries (4,198) (9,871) (10,202) 3.06.06.01 Equity Income (4,198) (876) 7,507 3.06.06.02 Exchange Variation on Investments Abroad 0 (8,995) (17,709) 7

01.01 IDENTIFICATION 1 - CVM CODE 02003-6 2 - COMPANY NAME BRASILAGRO CIA BRAS PROPRIEDADES AGRICOL 3 - CNPJ (Corporate Taxpayer s ID) 07.628.528/0001-59 04.01 STATEMENT OF CASH FLOWS INDIRECT METHOD (in thousands of reais) 1 - CODE 2 DESCRIPTION 3 07/01/2008 to 06/30/2009 4 07/01/2007 to 06/30/2008 5 07/01/2006 to 06/30/2007 4.01 Net Cash from Operating Activities (47,892) (19,213) 25,302 4.01.01 Cash Generated in the Operations 7,676 19,532 26,781 4.01.01.01 Income for the Period 950 6,463 17,159 4.01.01.02 Depreciation, Amortization and Depletion 3,658 2,606 401 4.01.01.03 Foreign Exchange Variation over Investments 0 8,995 17,709 4.01.01.04 Equity in the Earnings of Subsidiaries 4,198 876 (7,507) 4.01.01.05 Foreign Exchange and Monetary Variations Over Liabilities (299) 895 (595) 4.01.01.06 Unrealized Income from Derivatives Operations (6,386) (70) 0 4.01.01.07 Deferred Income Tax 4,388 (427) (102) 4.01.01.08 Interest on Financing 1,070 194 (284) 4.01.01.09 Net Write-Offs of Property, Plant and Equipment 97 0 0 4.01.02 Variations on Assets and Liabilities (55,568) (38,745) (1,479) 4.01.02.01 (Increase) Decrease in Clients 13,961 (17,252) (284) 4.01.02.02 (Increase) Decrease in Tax Credits (9,017) 3,993 (4,736) 4.01.02.03 (Increase) Decrease in Prepaid Expenses and Advances (214) (1,663) 107 4.01.02.04 (Increase) in Other Credits (13,948) 24 (110) 4.01.02.05 (Increase) in Inventories 9,733 (27,309) 0 4.01.02.06 (Increase) Decrease in Short-Term Investments (57,569) (1,537) 158 4.01.02.07 Increase in Suppliers 2,134 1,764 139 4.01.02.08 Increase in Taxes and Contributions Payable 101 72 3,530 4.01.02.09 Increase (decrease) in Payroll and Charges (1,611) 3,386 1,084 4.01.02.10 Increase (decrease) in Related Parties liabilities 33 0 (437) 4.01.02.11 Increase (decrease) in Other Liabilities 1,425 (223) (930) 4.01.02.12 (Increase) in Derivatives Operations and Investments (596) 0 0 4.01.03 Other 0 0 0 4.02 Net Cash from Investment Activities (54,041) (24,518) (29,380) 4.02.01 Additions to Property, Plant and Equipment (35,085) (26,600) (4,571) 4.02.02 Additions to Deferred Charges 0 (4,946) (352) 4.02.03 Payment for Acquisition of Farms (2,583) (4,266) 0 4.02.04 Decrease (increase) in Investments and Interest (16,373) 11,294 (24,457) 4.03 Net Cash from Financing Activities 16,569 876 (13) 4.03.01 Loans and Financing 19,010 876 0 4.03.02 (Increase) in long-term Assets 0 0 (13) 4.03.03 Dividends Payable (1,128) 0 0 4.03.04 Payment of Loans and Financing (1,313) 0 0 4.04 Exchange Variation on Cash and Cash Equivalents 0 0 0 4.05 Increase (Decrease) in Cash and Cash Equivalents (85,364) (42,855) (4,091) 4.05.01 Opening Balance of Cash and Cash Equivalents 331,319 374,174 378,265 4.05.02 Closing Balance of Cash and Cash Equivalents 245,955 331,319 374,174 9

01.01 IDENTIFICATION 1 - CVM CODE 02003-6 2 - COMPANY NAME BRASILAGRO CIA BRAS PROPRIEDADES AGRICOL 3 - CNPJ (Corporate Taxpayer s ID) 07.628.528/0001-59 05.01 STATEMENT OF CHANGES IN SHAREHOLDERS EQUITY FROM 07/01/2008 TO 06/30/2009 (in thousands of reais) 1 - CODE 2 - DESCRIPTION 3 CAPITAL STOCK 4 CAPITAL RESERVES 5 REVALUATION RESERVES 6 PROFIT RESERVES 7 RETAINED EARNINGS/ACCUMULATED LOSSES 8 ASSETS VALUTATION ADJUSTMENTS 9 - TOTAL SHAREHOLDERS EQUITY 5.01 Opening Balance 584,224 0 0 3,629 (12,051) 0 575,802 5.02 Adjustments of Previous Years 0 0 0 0 0 0 0 5.03 Adjusted Balance 584,224 0 0 3,629 (12,051) 0 575,802 5.04 Income/Loss for the Year 0 0 0 0 950 0 950 5.05 Allocations 0 0 0 0 0 0 0 5.05.01 Dividends 0 0 0 0 0 0 0 5.05.02 Interest on Own Capital 0 0 0 0 0 0 0 5.05.03 Other Allocations 0 0 0 0 0 0 0 5.06 Realization of Profit Reserves 0 0 0 (3,629) 3,629 0 0 5.06.01 Loss Absorption with Reserves 0 0 0 (3,629) 3,629 0 0 5.07 Assets Valuation Adjustments 0 0 0 0 0 0 0 5.07.01 Securities Adjustments 0 0 0 0 0 0 0 5.07.02 Accumulated Translation Adjustments 0 0 0 0 0 0 0 5.07.03 Business Combination Adjustments 0 0 0 0 0 0 0 5.08 Increase/Decrease in Capital Stock 0 0 0 0 0 0 0 5.09 Recording/Realization of Capital Reserves 0 0 0 0 0 0 0 5.10 Treasury Shares 0 0 0 0 0 0 0 5.11 Other Capital Transactions 0 0 0 0 0 0 0 5.12 Other 0 0 0 0 0 0 0 5.13 Closing Balance 584,224 0 0 0 (7,472) 0 576,752 10

01.01 IDENTIFICATION 1 - CVM CODE 02003-6 2 - COMPANY NAME BRASILAGRO CIA BRAS PROPRIEDADES AGRICOL 3 - CNPJ (Corporate Taxpayer s ID) 07.628.528/0001-59 05.02 STATEMENT OF CHANGES IN SHAREHOLDERS EQUITY FROM 07/01/2007 TO 06/30/2008 (in thousands of reais) 1 - CODE 2 - DESCRIPTION 3 CAPITAL STOCK 4 CAPITAL RESERVES 5 REVALUATION RESERVES 6 PROFIT RESERVES 7 RETAINED EARNINGS/ACCUMULATED LOSSES 8 ASSETS VALUTATION ADJUSTMENTS 9 - TOTAL SHAREHOLDER S EQUITY 5.01 Opening Balance 584,224 0 0 0 (13,755) 0 570,469 5.02 Adjustments of Previous Years 0 0 0 0 0 0 0 5.03 Adjusted Balance 584,224 0 0 0 (13,755) 0 570,469 5.04 Income/Loss for the Year 0 0 0 0 6,463 0 6,463 5.05 Allocations 0 0 0 0 (1,130) 0 (1,130) 5.05.01 Dividends 0 0 0 0 (1,130) 0 (1,130) 5.05.02 Interest on Own Capital 0 0 0 0 0 0 0 5.05.03 Other Allocations 0 0 0 0 0 0 0 5.06 Realization of Profit Reserves 0 0 0 3,629 (3,629) 0 0 Mandatory Legal Reserve 5.06.01 Recorded 0 0 0 238 (238) 0 0 5.06.02 Statutory Reserve for Expansion 0 0 0 3,391 (3,391) 0 0 5.07 Assets Valuation Adjustments 0 0 0 0 0 0 0 5.07.01 Securities Adjustments 0 0 0 0 0 0 0 5.07.02 Accumulated Translation Adjustments 0 0 0 0 0 0 0 5.07.03 Business Combination Adjustments 0 0 0 0 0 0 0 5.08 Increase/Decrease in Capital Stock 0 0 0 0 0 0 0 5.09 Recording/Realization of Capital Reserves 0 0 0 0 0 0 0 5.10 Treasury Shares 0 0 0 0 0 0 0 5.11 Other Capital Transactions 0 0 0 0 0 0 0 5.12 Other 0 0 0 0 0 0 0 5.13 Closing Balance 584,224 0 0 3,629 (12,051) 0 575,802 11

01.01 IDENTIFICATION 1 - CVM CODE 02003-6 2 - COMPANY NAME BRASILAGRO CIA BRAS PROPRIEDADES AGRICOL 3 - CNPJ (Corporate Taxpayer s ID) 07.628.528/0001-59 05.03 STATEMENT OF CHANGES IN SHAREHOLDERS EQUITY FROM 07/01/2006 TO 06/30/2007 (in thousands of reais) 1 - CODE 2 - DESCRIPTION 3 CAPITAL STOCK 4 CAPITAL RESERVES 5 REVALUATION RESERVES 6 PROFIT RESERVES 7 RETAINED EARNINGS/ACCUMULATED LOSSES 8 ASSETS VALUTATION ADJUSTMENTS 9 - TOTAL SHAREHOLDER S EQUITY 5.01 Opening Balance 584,224 0 0 0 (30,914) 0 553,310 5.02 Adjustments of Previous Years 0 0 0 0 0 0 0 5.03 Adjusted Balance 584,224 0 0 0 (30,914) 0 553,310 5.04 Income/Loss for the Year 0 0 0 0 17,159 0 17,159 5.05 Allocations 0 0 0 0 0 0 0 5.05.01 Dividends 0 0 0 0 0 0 0 5.05.02 Interest on Own Capital 0 0 0 0 0 0 0 5.05.03 Other Allocations 0 0 0 0 0 0 0 5.06 Realization of Profit Reserves 0 0 0 0 0 0 0 5.07 Assets Valuation Adjustments 0 0 0 0 0 0 0 5.07.01 Securities Adjustments 0 0 0 0 0 0 0 5.07.02 Accumulated Translation Adjustments 0 0 0 0 0 0 0 5.07.03 Business Combination Adjustments 0 0 0 0 0 0 0 5.08 Increase/Decrease in Capital Stock 0 0 0 0 0 0 0 5.09 Recording/Realization of Capital Reserves 0 0 0 0 0 0 0 5.10 Treasury Shares 0 0 0 0 0 0 0 5.11 Other Capital Transactions 0 0 0 0 0 0 0 5.12 Other 0 0 0 0 0 0 0 5.13 Closing Balance 584,224 0 0 0 (13,755) 0 570,469 12

Voluntary New Presentation 01.01 - IDENTIFICATION 1 - CVM CODE 02003-6 2 - COMPANY NAME 3 - CNPJ (Corporate Taxpayer s ID) BRASILAGRO CIA BRAS PROPRIEDADES AGRICOL 07.628.528/0001-59 06.01 STATEMENT OF VALUE ADDED (in thousands of reais) 1 - CODE 2 - DESCRIPTION 3 07/01/2008 to 06/30/2009 4 07/01/2007 to 06/30/2008 5 07/01/2006 to 06/30/2007 6.01 Revenues 30,985 0 0 6.01.01 Sale of Goods, Products and Services 30,918 0 0 6.01.02 Other Revenues 67 0 0 Revenues related to the Construction of Own 6.01.03 Assets 0 0 0 6.01.04 Allowance for/reversal of Doubtful Accounts 0 0 0 6.02 Input Acquired from Third Parties (43,236) 0 0 6.02.01 Cost of Products, Goods and Services Sold (27,245) 0 0 6.02.02 Materials Energy Third Party Services - Other (14,726) 0 0 6.02.03 Loss/Recovery of Assets (1,265) 0 0 6.02.04 Other 0 0 0 6.03 Gross Value Added (12,251) 0 0 6.04 Retention (604) 0 0 6.04.01 Depreciation, Amortization and Depletion (604) 0 0 6.04.02 Other 0 0 0 6.05 Net Value Added Produced (12,855) 0 0 6.06 Value Added Received in Transfers 29,236 0 0 6.06.01 Equity in the Earnings of Subsidiaries (4,198) 0 0 6.06.02 Financial Revenues 33,434 0 0 6.06.03 Other 0 0 0 6.07 Total Value Added to Distribute 16,381 0 0 6.08 Allocation of Value Added 16,381 0 0 6.08.01 Personnel 8,682 0 0 6.08.01.01 Direct Compensation 7,472 0 0 6.08.01.02 Benefits 954 0 0 Government Severance Indemnity Fund for 6.08.01.03 Employees (FGTS) 256 0 0 6.08.01.04 Other 0 0 0 6.08.02 Taxes, Fees and Contributions 5,346 0 0 6.08.02.01 Federal 5,141 0 0 6.08.02.02 State 125 0 0 6.08.02.03 Municipal 80 0 0 6.08.03 Third Parties Capital Remuneration 1,403 0 0 6.08.03.01 Interest Rates 1,086 0 0 6.08.03.02 Rentals 317 0 0 6.08.03.03 Other 0 0 0 6.08.04 Remuneration of Equity Capital 950 0 0 6.08.04.01 Interest on Own Capital 0 0 0 6.08.04.02 Dividends 0 0 0 6.08.04.03 Retained/Accumulated Losses for the Year 950 0 0 6.08.05 Other 0 0 0 13

Voluntary New Presentation 01.01 - IDENTIFICATION 1 - CVM CODE 02003-6 2 - COMPANY NAME 3 - CNPJ (Corporate Taxpayer s ID) BRASILAGRO CIA BRAS PROPRIEDADES AGRICOL 07.628.528/0001-59 07.01 CONSOLIDATED BALANCE SHEET - ASSETS (in thousands of reais) 1 - CODE 2 - DESCRIPTION 3 06/30/2009 4 06/30/2008 5 06/30/2007 1 Total Assets 678,996 702,732 667,001 1.01 Current Assets 319,937 396,069 508,910 1.01.01 Cash and Cash Equivalents 264,370 331,763 501,730 1.01.01.01 Cash and Banks 356 505 523 1.01.01.02 Financial Investments 264,014 331,258 501,207 1.01.02 Credits 22,409 32,386 7,093 1.01.02.01 Clients 5,986 21,328 284 1.01.02.01.01 Leasing Receivable 272 0 284 1.01.02.01.02 Receivables from Agricultural Sales 3,291 17,751 0 1.01.02.01.03 Receivables from Farm Sold 2,423 3,577 0 1.01.02.02 Sundry Credits 16,423 11,058 6,809 1.01.02.02.01 Sundry Advances 453 920 117 1.01.02.02.02 Fiscal and Tax Credits 12,438 3,004 6,635 1.01.02.02.03 Other Credits 1,016 1,672 57 1.01.02.02.04 Marketable Securities 0 0 0 1.01.02.02.05 Receivables from derivatives - commodities 2,448 0 0 1.01.02.02.06 Receivables from derivatives - currency 0 2,815 0 1.01.02.02.07 Receivables from derivatives - index 68 2,647 0 1.01.03 Inventories 18,002 30,239 0 1.01.03.01 Inventories of Soybean Grains 1,772 242 0 1.01.03.02 Inventories of Corn Grains 3,001 0 0 1.01.03.03 Inventories of Sorghum Grains 242 0 0 1.01.03.04 Inventories of Rice Grains 1,255 0 0 1.01.03.05 Other Crops 41 0 0 1.01.03.06 Crop under progress Soybean 73 113 0 1.01.03.07 Crop under progress Corn 4,522 2,949 0 1.01.03.08 Crop under progress Sorghum 1,031 890 0 1.01.03.09 Crop under progress Sugarcane 4 0 0 1.01.03.10 Crop under progress Rice 53 0 0 1.01.03.11 Inputs Storehouse 4,789 14,049 0 1.01.03.12 Advances for Purchase of Inputs 1,219 11,996 0 1.01.03.13 Unexpired Indirect Costs 0 0 0 1.01.04 Other 15,156 1,681 87 1.01.04.01 Prepaid Expenses 474 144 87 1.01.04.02 Commodities Derivatives Brokers Balance 3 1,537 0 1.01.04.03 Short-term Financial Investments 14,679 0 0 1.02 Non-Current Assets 359,059 306,663 158,091 1.02.01 Long-Term Assets 255,700 238,263 141,257 1.02.01.01 Sundry Credits 17,676 17,169 170 1.02.01.01.01 Advances and Prepayment 0 0 0 1.02.01.01.02 Deferred Taxes and Contributions 11,378 5,975 170 14

Voluntary New Presentation 01.01 - IDENTIFICATION 1 - CVM CODE 02003-6 2 - COMPANY NAME 3 - CNPJ (Corporate Taxpayer s ID) BRASILAGRO CIA BRAS PROPRIEDADES AGRICOL 07.628.528/0001-59 07.01 CONSOLIDATED BALANCE SHEET - ASSETS (in thousands of reais) 1 - CODE 2 - DESCRIPTION 3 06/30/2009 4 06/30/2008 5 06/30/2007 1.02.01.01.03 Receivables from Farm Sold 6,298 11,194 0 1.02.01.02 Credit with Related Parties 0 33 9 1.02.01.02.01 Direct and Indirect Associated Companies 0 0 0 1.02.01.02.02 Subsidiaries 0 0 0 1.02.01.02.03 Other Related Parties 0 33 9 1.02.01.03 Other 238,024 221,061 141,078 1.02.01.03.01 Rural Property Inventories 232,115 219,710 141,078 1.02.01.03.02 Receivables from derivatives - commodities 5,909 859 0 1.02.01.03.03 Receivables from derivatives - currency 0 0 0 1.02.01.03.04 Receivables from derivatives - index 0 492 0 1.02.02 Permanent Assets 103,359 68,400 16,834 1.02.02.01 Investments 6,979 6,915 4,748 1.02.02.01.01 In Direct and Indirect Associated Companies 6,979 6,915 4,748 1.02.02.01.02 In Subsidiaries 0 0 0 1.02.02.01.03 Other Investments 0 0 0 1.02.02.02 Property, Plant and Equipment 95,487 60,092 10,448 1.02.02.02.01 Rural Properties Lands and Farm Facilities 31,139 30,860 9,424 1.02.02.02.02 Operating Assets 7,567 3,678 597 1.02.02.02.03 Refurbishments and Improvements 1,916 1,778 332 1.02.02.02.04 Construction in Progress 2,123 9,705 0 1.02.02.02.05 Permanent Crop - Construction in Progress 0 14,071 95 1.02.02.02.06 Permanent Crop 52,742 0 0 1.02.02.03 Intangible 0 0 0 1.02.02.04 Deferred 893 1,393 1,638 1.02.02.04.01 Research and Development Expenses 374 578 783 1.02.02.04.02 General Pre-Operating Expenses 519 815 855 1.02.02.04.03 Soil Preparation and Cleaning Expenses 0 0 0 15

Voluntary New Presentation 01.01 - IDENTIFICATION 1 - CVM CODE 02003-6 2 - COMPANY NAME 3 - CNPJ (Corporate Taxpayer s ID) BRASILAGRO CIA BRAS PROPRIEDADES AGRICOL 07.628.528/0001-59 07.02 CONSOLIDATED BALANCE SHEET - LIABILITIES (in thousands of reais) 1 - CODE 2 DESCRIPTION 3 06/30/2009 4 06/30/2008 5 06/30/2007 2 Total Liabilities 678,996 702,732 667,001 2.01 Current Liabilities 74,427 103,759 78,560 2.01.01 Loans and Financing 15,488 431 0 2.01.02 Debentures 0 0 0 2.01.03 Suppliers 1,490 2,145 164 2.01.04 Taxes, Fees and Contributions 4,543 5,692 5,407 2.01.04.01 Withholding Taxes and Contributions 74 68 5 2.01.04.02 Taxes and Contributions on Revenues 505 451 212 2.01.04.03 Income Tax and Social Contribution Payable 2,273 2,132 5,190 Provision for Deferred Income Tax and Social 2.01.04.04 Contribution 1,691 3,041 0 2.01.05 Dividends Payable 2 1,130 0 2.01.06 Provisions 0 0 0 2.01.07 Debts with Related Parties 0 0 45 2.01.07.01 Partners Checking Account Payable 0 0 45 2.01.08 Other 52,904 94,361 72,944 2.01.08.01 Payroll and Social Charges Payable 3,128 4,687 1,283 2.01.08.02 Acquisitions Payable Current 47,780 86,610 71,351 2.01.08.03 Liabilities Payable 0 11 16 2.01.08.04 Bank Liabilities 0 0 30 2.01.08.05 Payables from derivatives - commodities 0 1,020 158 2.01.08.06 Payables from derivatives - currency 519 1,439 0 2.01.08.07 Payables from derivatives - index 0 0 0 2.01.08.08 Advance for Future Capital Increase 1,477 594 106 2.02 Non-Current Liabilities 25,317 21,056 17,078 2.02.01 Long-Term Liabilities 25,317 21,056 17,078 2.02.01.01 Loans and Financing 9,759 1,341 0 2.02.01.02 Debentures 0 0 0 2.02.01.03 Provisions 0 0 0 2.02.01.04 Debts with Related Parties 0 0 0 2.02.01.05 Advance for Future Capital Increase 0 0 0 2.02.01.06 Other 15,558 19,715 17,078 2.02.01.06.01 Long-term Acquisitions Payable 0 12,100 15,505 2.02.01.06.02 Payables from derivatives - commodities 0 0 0 2.02.01.06.03 Payables from derivatives - currency 637 759 0 2.02.01.06.04 Payables from derivatives - index 0 0 0 2.02.01.06.05 Provision for Tax and Contributions 14,921 6,856 1,573 2.03 Deferred Income 0 0 0 2.04 Minority Interest 2,500 3,037 894 2.05 Shareholders Equity 576,752 574,880 570,469 2.05.01 Paid-up Capital Stock 584,224 584,224 584,224 2.05.01.01 Cash Private Subscription - Country 110 110 110 16

Voluntary New Presentation 01.01 IDENTIFICATION 1 - CVM CODE 02003-6 2 - COMPANY NAME 3 - CNPJ (Corporate Taxpayer s ID) BRASILAGRO CIA BRAS PROPRIEDADES AGRICOL 07.628.528/0001-59 08.01 CONSOLIDATED INCOME STATEMENT (in thousands of reais) 1 - CODE 2 DESCRIPTION 3 07/01/2008 to 06/30/2009 4 07/01/2007 to 06/30/2008 5 07/01/2006 to 06/30/2007 3.01 Gross Revenue from Sales and/or Services 36,653 46,558 698 3.01.01 Revenues from Land Leasing 498 427 698 3.01.02 Revenues from Grain sales 35,994 19,948 0 3.01.03 Revenues from Sugarcane Sales 88 4,570 0 3.01.04 Income from Byproducts and Other 73 0 0 3.01.05 Income from Real Estates 0 21,613 0 3.02 Gross Revenue Deductions (1,369) (1,169) (39) 3.02.01 Tax on Lease Revenues (404) (134) (39) 3.02.02 Tax on Revenues from Grain Sales (965) (911) 0 3.02.03 Taxes on Real Estate Sales 0 (124) 0 3.03 Net Revenue from Sales and/or Services 35,284 45,389 659 3.04 Cost of Goods and/or Services Sold (35,905) (30,061) 0 3.05 Gross Income (621) 15,328 659 3.06 Operating Expenses/Income 4,726 3,223 26,131 3.06.01 Selling (1,172) (657) 0 3.06.02 General and Administrative (21,756) (19,667) (12,795) 3.06.02.01 Administrative Expenses (688) (1,529) (691) 3.06.02.02 Fee Expenses (9,481) (7,766) (7,189) 3.06.02.03 Personnel Expenditures (7,116) (5,728) (3,728) 3.06.02.04 Share Placement Expenditures (1,897) 0 (165) 3.06.02.05 Depreciation and Amortization Expenses (540) (542) (401) 3.06.02.06 Other General and Administrative Expenses (2,034) (4,102) (621) 3.06.03 Financial 27,641 35,989 56,635 3.06.03.01 Financial Income 32,313 42,705 60,182 3.06.03.01.01 Fund Investments Yield 35,806 43,919 54,701 3.06.03.01.02 Exchange Variation on Liabilities (4,303) 6,166 5,351 3.06.03.01.03 Monetary Variation on Liabilities (2,923) (10,186) 0 3.06.03.01.04 Interest Income 2,221 330 286 3.06.03.01.05 Derivatives realized income commodities 5,390 (1,799) 0 3.06.03.01.06 Derivatives realized income currency (7,913) (1,490) 0 3.06.03.01.07 Derivatives realized income indexes 2,123 926 (156) 3.06.03.01.08 Derivatives income - outstanding commodities 6,386 70 0 3.06.03.01.09 Derivatives income - outstanding currency (1,403) 1,630 0 3.06.03.01.10 Derivatives income outstanding indexes (3,071) 3,139 0 3.06.03.02 Financial Expenses (4,672) (6,716) (3,547) 3.06.03.02.01 Banking Expenses and Charges (4,672) (6,716) (3,547) 3.06.04 Other Operating Income 13 (3,447) 0 3.06.05 Other Operating Expenses 0 0 0 3.06.06 Equity in the Earnings of Subsidiaries 0 (8,995) (17,709) 3.06.06.01 Equity on Foreign Subsidiaries 0 0 0 3.06.06.02 Exchange Variation on Investments Abroad 0 (8,995) (17,709) 18

Voluntary New Presentation 01.01 IDENTIFICATION 1 - CVM CODE 02003-6 2 - COMPANY NAME 3 - CNPJ (Corporate Taxpayer s ID) BRASILAGRO CIA BRAS PROPRIEDADES AGRICOL 07.628.528/0001-59 09.01 CONSOLIDATED STATEMENT OF CASH FLOWS INDIRECT METHOD (in thousands of reais) 1 - CODE 2 DESCRIPTION 3 07/01/2008 to 06/30/2009 4 07/01/2007 to 06/30/2008 5 07/01/2006 to 06/30/2007 4.01 Net Cash from Operating Activities 16,638 (35,177) 31,662 4.01.01 Cash Generated in the Operations 13,642 (4,159) 13,758 4.01.01.01 Income for the Period 950 5,541 17,159 4.01.01.02 Depreciation, Amortization and Depletion 4,639 2,829 401 4.01.01.03 Exchange Variation Over Investments 0 1,106 421 4.01.01.05 Exchange Variation and Interest Over Liabilities 7,226 4,020 (5,351) 4.01.01.06 Unrealized Income from Derivatives Operations (1,912) (4,839) 0 4.01.01.07 Deferred Income Tax 1,436 (608) 1,403 4.01.01.08 Interest on Financing 1,235 103 (286) 4.01.01.09 Net Write-Offs of Property, Plant and Equipment 97 0 0 4.01.01.10 Other Operating Income/Expenses 508 (775) 0 4.01.01.11 Gains from Properties Sold 0 (11,258) 0 4.01.01.12 Minority Interest (537) (278) 11 4.01.02 Variation on Assets and Liabilities 2,996 (31,018) 17,904 4.01.02.01 (Increase) decrease in Securities 0 0 14,041 4.01.02.02 (Increase) decrease in Clients 16,389 (13,535) (284) 4.01.02.03 (Increase) decrease in Tax Credits (9,558) 3,631 (4,736) 4.01.02.04 (Increase) decrease in Prepaid Expenses and Advances (330) (1,487) 107 4.01.02.05 (Increase) in Other Credits (13,523) (727) (151) 4.01.02.06 (Increase) in Inventories 911 (24,613) 3,064 4.01.02.07 (Increase) decrease in Short-Term Investments (64) (1,537) 0 4.01.02.08 (Increase) decrease in Suppliers (666) 1,965 149 4.01.02.09 Decrease in Taxes and Contributions Payable 201 371 5,391 4.01.02.10 (Increase) decrease in Payroll and Charges (1,558) 3,403 1,098 4.01.02.11 Increase in Related Parties Liabilities 0 0 (437) 4.01.02.12 Increase (decrease) in Other Liabilities 1,323 425 (496) 4.01.02.13 (Increase) decrease in Derivatives Operations (228) 1,086 158 4.01.02.14 Decrease in Acquisitions Payable 10,099 0 0 4.01.03 Other 0 0 0 4.02 Net Cash from Investment Activities (105,274) (138,875) (67,471) 4.02.01 Additions to Property, Plant and Equipment (36,238) (27,825) (4,965) 4.02.02 Additions to Deferred Charges 0 (10,859) (463) 4.02.03 Payment for Farms Purchased (72,378) (100,318) (56,875) 4.02.04 Increase in Investments and Interest 0 (3,273) (5,168) 4.02.05 Receipt Due to Properties Sold 3,342 3,400 0 4.03 Net Cash from Financing Activities 21,243 4,085 (13) 4.03.01 Investment of capital Minority Shareholders of Subsidiaries 883 2,416 0 4.03.02 Loans and Financing Obtained 23,010 1,669 0 4.03.03 (Increase) in Long-Term Assets 0 0 (13) 4.03.04 Dividends Payable (1,128) 0 0 4.03.05 Payment of Loans and Financing (1,522) 0 0 20

Voluntary New Presentation 01.01 IDENTIFICATION 1 - CVM CODE 02003-6 2 - COMPANY NAME BRASILAGRO CIA BRAS PROPRIEDADES AGRICOL 3 - CNPJ (Corporate Taxpayer s ID) 07.628.528/0001-59 10.01 CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS EQUITY FROM 07/01/2008 TO 06/30/2009 (in thousands of reais) 1 - CODE 2 - DESCRIPTION 3 CAPITAL STOCK 4 CAPITAL RESERVES 5 REVALUATION RESERVES 6 PROFIT RESERVES 7 RETAINED EARNINGS/ACCUMULATED LOSSES 8 ASSETS VALUTATION ADJUSTMENTS 9 - TOTAL SHAREHOLDERS EQUITY 5.01 Opening Balance 584,224 0 0 3,629 (12,973) 0 574,880 5.02 Adjustments of Previous Years 0 0 0 0 922 0 922 5.03 Adjusted Balance 584,224 0 0 3,629 (12,051) 0 575,802 5.04 Income/Loss for the Year 0 0 0 0 950 0 950 5.05 Allocations 0 0 0 0 0 0 0 5.05.01 Dividends 0 0 0 0 0 0 0 5.05.02 Interest on Own Capital 0 0 0 0 0 0 0 5.05.03 Other Allocations 0 0 0 0 0 0 0 5.06 Realization of Profit Reserves 0 0 0 (3,629) 3,629 0 0 5.06.01 Loss Absorption with Reserves 0 0 0 (3,629) 3,629 0 0 5.07 Assets Valuation Adjustments 0 0 0 0 0 0 0 5.07.01 Securities Adjustments 0 0 0 0 0 0 0 5.07.02 Accumulated Translation Adjustments 0 0 0 0 0 0 0 5.07.03 Business Combination Adjustments 0 0 0 0 0 0 0 5.08 Increase/Decrease in Capital Stock 0 0 0 0 0 0 0 5.09 Recording/Realization of Capital Reserves 0 0 0 0 0 0 0 5.10 Treasury Shares 0 0 0 0 0 0 0 5.11 Other Capital Transactions 0 0 0 0 0 0 0 5.12 Other 0 0 0 0 0 0 0 5.13 Closing Balance 584,224 0 0 0 (7,472) 0 576,752 22

Voluntary New Presentation 01.01 IDENTIFICATION 1 - CVM CODE 02003-6 2 - COMPANY NAME BRASILAGRO CIA BRAS PROPRIEDADES AGRICOL 3 - CNPJ (Corporate Taxpayer s ID) 07.628.528/0001-59 10.02 CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS EQUITY FROM 07/01/2007 TO 06/30/2008 (in thousands of reais) 1 - CODE 2 - DESCRIPTION 3 CAPITAL STOCK 4 CAPITAL RESERVES 5 REVALUATION RESERVES 6 PROFIT RESERVES 7 RETAINED EARNINGS/ACCUMULATED LOSSES 8 ASSETS VALUTATION ADJUSTMENTS 9 - TOTAL SHAREHOLDERS EQUITY 5.01 Opening Balance 584,224 0 0 0 (13,755) 0 570,469 5.02 Adjustments of Previous Years 0 0 0 0 0 0 0 5.03 Adjusted Balance 584,224 0 0 0 (13,755) 0 570,469 5.04 Income/Loss for the Year 0 0 0 0 5,541 0 5,541 5.05 Allocations 0 0 0 0 (1,130) 0 (1,130) 5.05.01 Dividends 0 0 0 0 (1,130) 0 (1,130) 5.05.02 Interest on Own Capital 0 0 0 0 0 0 0 5.05.03 Other Allocations 0 0 0 0 0 0 0 5.06 Realization of Profit Reserves 0 0 0 3,629 (3,629) 0 0 5.06.01 Mandatory Legal Reserve Recorded 0 0 0 238 (238) 0 0 5.06.02 Reserve for Expansion 0 0 0 3,391 (3,391) 0 0 5.07 Assets Valuation Adjustments 0 0 0 0 0 0 0 5.07.01 Securities Adjustments 0 0 0 0 0 0 0 Accumulated Translation 5.07.02 Adjustments 0 0 0 0 0 0 0 5.07.03 Business Combination Adjustments 0 0 0 0 0 0 0 5.08 Increase/Decrease in Capital Stock 0 0 0 0 0 0 0 Recording/Realization of Capital 5.09 Reserves 0 0 0 0 0 0 0 5.10 Treasury Shares 0 0 0 0 0 0 0 5.11 Other Capital Transactions 0 0 0 0 0 0 0 5.12 Other 0 0 0 0 0 0 0 5.13 Closing Balance 584,224 0 0 3,629 (12,973) 0 574,880 23

Voluntary New Presentation 01.01 IDENTIFICATION 1 - CVM CODE 02003-6 2 - COMPANY NAME BRASILAGRO CIA BRAS PROPRIEDADES AGRICOL 3 - CNPJ (Corporate Taxpayer s ID) 07.628.528/0001-59 10.03 CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS EQUITY FROM 07/01/2006 TO 06/30/2007 (in thousands of reais) 1 - CODE 2 - DESCRIPTION 3 CAPITAL STOCK 4 CAPITAL RESERVES 5 REVALUATION RESERVES 6 PROFIT RESERVES 7 RETAINED EARNINGS/ACCUMULATED LOSSES 8 ASSETS VALUTATION ADJUSTMENTS 9 - TOTAL SHAREHOLDERS EQUITY 5.01 Opening Balance 584,224 0 0 0 (30,914) 0 553,310 5.02 Adjustments of Previous Years 0 0 0 0 0 0 0 5.03 Adjusted Balance 584,224 0 0 0 (30,914) 0 553,310 5.04 Income/Loss for the Year 0 0 0 0 17,159 0 17,159 5.05 Allocations 0 0 0 0 0 0 0 5.05.01 Dividends 0 0 0 0 0 0 0 5.05.02 Interest on Own Capital 0 0 0 0 0 0 0 5.05.03 Other Allocations 0 0 0 0 0 0 0 5.06 Realization of Profit Reserves 0 0 0 0 0 0 0 Mandatory Legal Reserve 5.06.01 Recorded 0 0 0 0 0 0 0 5.06.02 Reserve for Expansion 0 0 0 0 0 0 0 5.07 Assets Valuation Adjustments 0 0 0 0 0 0 0 5.07.01 Securities Adjustments 0 0 0 0 0 0 0 Accumulated Translation 5.07.02 Adjustments 0 0 0 0 0 0 0 5.07.03 Business Combination Adjustments 0 0 0 0 0 0 0 5.08 Increase/Decrease in Capital Stock 0 0 0 0 0 0 0 Recording/Realization of Capital 5.09 Reserves 0 0 0 0 0 0 0 5.10 Treasury Shares 0 0 0 0 0 0 0 5.11 Other Capital Transactions 0 0 0 0 0 0 0 5.12 Other 0 0 0 0 0 0 0 5.13 Closing Balance 584,224 0 0 0 (13,755) 0 570,469 24

Voluntary New Presentation 10.01 - MANAGEMENT REPORT 01.01 - IDENTIFICATION 1 - CVM CODE 02003-6 2 - COMPANY NAME 3 - CNPJ (Corporate Taxpayer s ID) BRASILAGRO CIA BRAS PROPRIEDADES AGRICOL 07.628.528/0001-59 11.01 CONSOLIDATED STATEMENT OF VALUE ADDED (in thousands of reais) 1 - CODE 2 - DESCRIPTION 3 07/01/2008 to 06/30/2009 4 07/01/2007 to 06/30/2008 5 07/01/2006 to 06/30/2007 6.01 Revenues 35,919 0 0 6.01.01 Sale of Goods, Products and Services 36,350 0 0 6.01.02 Other Revenues (431) 0 0 Revenues related to the Construction of Own 6.01.03 Assets 0 0 0 6.01.04 Allowance for/reversal of Doubtful Accounts 0 0 0 6.02 Input Acquired from Third Parties (48,073) 0 0 6.02.01 Cost of Products, Goods and Services Sold (31,434) 0 0 6.02.02 Materials Energy Third Party Services - Other (15,374) 0 0 6.02.03 Loss/Recovery of Assets (1,265) 0 0 6.02.04 Other 0 0 0 6.03 Gross Value Added (12,154) 0 0 6.04 Retention (606) 0 0 6.04.01 Depreciation, Amortization and Depletion (606) 0 0 6.04.02 Other 0 0 0 6.05 Net Value Added Produced (12,760) 0 0 6.06 Value Added Received in Transfers 39,552 0 0 6.06.01 Equity in the Earnings of Subsidiaries 0 0 0 6.06.02 Financial Revenues 39,552 0 0 6.06.03 Other 0 0 0 6.07 Total Value Added to Distribute 26,792 0 0 6.08 Allocation of Value Added 26,792 0 0 6.08.01 Personnel 9,193 0 0 6.08.01.01 Direct Compensation 7,912 0 0 6.08.01.02 Benefits 999 0 0 Government Severance Indemnity Fund for 6.08.01.03 Employees (FGTS) 282 0 0 6.08.01.04 Other 0 0 0 6.08.02 Taxes, Fees and Contributions 4,457 0 0 6.08.02.01 Federal 3,996 0 0 6.08.02.02 State 125 0 0 6.08.02.03 Municipal 336 0 0 6.08.03 Third Parties Capital Remuneration 12,729 0 0 6.08.03.01 Interest Rates 11,854 0 0 6.08.03.02 Rentals 875 0 0 6.08.03.03 Other 0 0 0 6.08.04 Remuneration of Equity Capital 413 0 0 6.08.04.01 Interest on Own Capital 0 0 0 6.08.04.02 Dividends 0 0 0 6.08.04.03 Retained/Accumulated Losses for the Period 950 0 0 6.08.04.04 Minority Interest Retained Earnings (537) 0 0 6.08.05 Other 0 0 0 25

12.01 - REPORT OF INDEPENDENT AUDITORS UNQUALIFIED OPINION Report of Independent Auditors To the Board of Directors and Management of BrasilAgro Companhia Brasileira de Propriedades Agrícolas São Paulo - SP 1 We have examined the balance sheets of Brasilagro Companhia Brasileira de Propriedades Agrícolas and the consolidated balance sheets of Brasilagro Companhia Brasileira de Propriedades Agrícolas and its subsidiaries on and 2008, as well as the respective statements of income, changes in shareholders equity and cash flows and value added of the Company and the respective consolidated statements of income, cash flows and value added for the years ended on those dates, prepared under the responsibility of the Company s Management. Our responsibility is to issue a report on these financial statements. 2 Our audit was conducted in accordance with the audit rules applicable in Brazil, which require the audits to be carried out with the purpose of evidencing that the financial statements were properly presented in their all material respects. Therefore, our audit comprised, among other procedures: (a) work planning, taking into account the relevance of balances, the volume of transactions and the Company s accounting and internal controls systems, (b) the verification, based on tests, of the evidence and records that support the amounts and accounting information disclosed and (c) the evaluation of the most significant accounting practices and estimates adopted by the Company s Management, as well as the presentation of financial statements taken as a whole. 3 In our opinion, said financial statements fairly present, in all their material aspects, the equity and financial condition of Brasilagro Companhia Brasileira de Propriedades Agrícolas and Brasilagro Companhia Brasileira de Propriedades Agrícolas and its subsidiaries on June 30, 2009 and 2008, as well as the result of operations, the changes in shareholders equity, the cash flows and the value added in the Company s operations related to the years ended on those dates, as well as the consolidated result of operations, consolidated cash flows and value added in the operations for said years, in accordance with the accounting practices adopted in Brazil. 4 As mentioned in Note 2 (a) to the financial statements, as a result of changes in the accounting practices adopted in Brazil during 2008, the financial statements related to the previous year, presented for comparison purposes, were adjusted and have been re-submitted as provided for in NPC 12 Accounting Practices, Changes in the Accounting Estimates and Correction of Errors. São Paulo, September 2, 2009 PricewaterhouseCoopers Auditores Independentes CRC 2SP000160/O-5 Wander Rodrigues Teles Accountant CRC 1DF005919/O-3 S SP 26

13.01 - MANAGEMENT REPORT Dear Shareholders: In compliance with the legal and statutory provisions, we submit to your examination the Financial Statements referring to the year ended on. Our main activity consists of the acquisition of rural properties with high production potential and, consequently, high valuation potential, mainly located in strategic areas of the Brazilian cerrado lands. In these properties, we invested in the implementation of proper infrastructure and developed several agribusiness activities (such as grains, sugarcane, cattle raising and forests), with the main purpose of valuating them for an eventual future sale. Our property portfolio is currently comprised of eight farms, located in the states of Bahia, Goiás, Mato Grosso, Minas Gerais and Piauí, with a total area of 165,373 hectares. In September 2008, the Company acquired the Preferência Farm, with a total area of 16,830 hectares, located in the city of Barreiras, state of Bahia. Brasilagro initially plans to develop cattle-raising activity at this property. The 2008/2009 crop was a remarkable year for Brasilagro. We increased the planted area by 52% y-o-y. We planted 19,632 hectares of soybean, 4,722 hectares of corn (crop and safrinha ), 1,000 hectares of rice, 1,728 hectares of sorghum ( safrinha ) and 6,422 hectares of sugarcane, totaling a planted area of 33,504 hectares, comprising the Alto Taquari, Araucária, Chaparral, Cremaq, Jatobá and São Pedro farms. Proceeding with the expansion plan, for the 2009/2010 crop, the Company plans to significantly increasing the planted area, comprising soybean, corn, sorghum, rice, sugarcane, pasture and forests. The Company implemented a business management integrated system allowing quality information to be available in real time. It makes information flow to be more efficient and accordingly, the procedures standardization and higher productivity. Out of the R$552.62 million raised in the IPO, R$263.3 million or approximately 48% are already earmarked to the acquisitions announced, and this amount does not include any investments linked to the conversion of lands and implementation of projects. Given all the initiatives taken throughout this year and the prospects in relation to business opportunities that the Company has been exploring, we feel rather optimistic towards the attainment of our goals. The Company is bound by arbitration at the Market Arbitration Panel, as per Arbitration Clause included in its Bylaws. We remain at your disposal to provide any further information. São Paulo, September 3, 2009. Carlos Aguiar Neto Investor Relations Officer 27

1 Business Overview The Company was incorporated on September 23, 2005 and is headquartered in São Paulo and it has branches in the States of Bahia, Goiás, Mato Grosso, Minas Gerais and Piauí. Pursuant to the Bylaws, the corporate purpose is: (a) exploration of agriculture, cattle raising and forestry activities of any kind and nature as well as directly or indirectly related services; (b) import and export of agricultural products and inputs and related to the cattle raising activity, (c) purchase, sale and/or leasing of properties, lands, buildings and real estate in rural and/or urban areas, (d) real estate intermediation involving any type of operations, (e) investment, as a partner, in other companies, either civil or commercial, and in business undertakings of any nature, in Brazil and/or abroad, either directly or indirectly related to the purposes described herein, and (f) management of own and third parties assets. The Company, which currently has ten farms in five Brazilian states, a total area of 165,373 hectares, aims at consolidating its position as one of the major companies operating in the agribusiness segment in Brazil by means of: (a) the acquisition of new farms and the start of a production expansion strategy; (b) optimization of productive processes; (c) geographic and productive diversification; and (d) sale of farms acquired, once the intended valuation is obtained or their agribusiness productive potential is reached. The subsidiaries Cremaq Ltda. ( Cremaq ), Engenho de Maracajú Ltda. ( Engenho ), Jaborandi Propriedades Agrícolas S.A. ( Jaborandí ), Araucária Ltda. ( Araucária ), Mogno Ltda. ( Mogno ) and Cajueiro Ltda. ( Cajueiro ) have as purpose the purchase and sale of properties, lands, buildings and real estates in rural and/or urban areas. As authorized in their respective bylaws and charters, while the real estate properties belonging to said companies are not sold, these may be purpose of lease to third parties, but only as a strategy to ease their valuation. (a) Acquisition of farms in the year On September 11, 2008, Cajueiro entered into an Irrevocable and Irreversible Purchase and Sale Agreement of Rural Properties for the Purchase of Preferência Farm, totaling 16,830 hectares located in the city of Barreiras, state of Bahia. On September 11, the first installment was paid and the property was vested. Initially, the Company plans to develop cattle-raising activity and grain plantation. (b) Start of cultivation activities and exploration of farms The Company has as guideline not to record any capital provision for machinery purchase, it and has entered into agreement with various outsourced contractors for the execution of farm activities, considering that these partners have experience and already made investments in technology with a view to optimizing the productive processes. During this period, the Company carried out activities for preparing the soil of Cerrado lands and planting activities. The following table shows the status on of several areas where plantation previous works are in progress on this date (information unaudited by the auditors): 28