Institutional Presentation. June 2011

Institutional Presentation June 2011

Agenda Brazilian Credit Market Overview and Market Capital Page 3 Page 4 2Q11 Results Page 9 Peers Page 28 Appendix Page 32 2

Brazilian Credit Market Credit Evolution in Brazil (% of GDP) 36.6 32.0 28.8 26.8 27.9 24.9 26.4 24.7 22.0 24.0 24.5 28.1 30.7 34.8 41.3 45.0 46.4 47.2 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 1H11 Total credit operations of the financial system - R$Billion 498.7 607.0 732.6 935.9 1,227.3 1,705.8 1,414.3 1,834.0 2004 2005 2006 2007 2008 2009 2010 1H11 Financial System Total Credit Operations vs. Banco Daycoval (% p.y.) 112 67 51 53 40 28 31 19 22 21 15 21 15 14 8-1 2004 2005 2006 2007 2008 2009 2010 1H11 Daycoval Loan Portfolio Brazilian Credit Volume Source: Brazil Central Bank 3

Corporate Governance Board of Directors Representative of the Controlling Shareholder l Rony Dayan Chairman Representative of the Controlling Shareholder Sasson Dayan Independent Member Gustavo Henrique de Barroso Franco Independent Member Peter M. Yu Board of Executive Officers Name / Title Years on Daycoval Sasson Dayan, CEO 42 Morris Dayan, Executive and Investor Relations Officer Salim Dayan, Executive Officer 19 Carlos Moche Dayan, Executive Officer 17 Regina Maciel Nogueira, Officer 20 Nilo Cavarzan, Officer 6 Albert Rouben, Officer 11 18 100% Tag Along (PF Shares) Executive Committe Policy on Securities Exchange Risk Management Manual of Conduct and Ethics Prevention of Money Laundering (PML) 4

Financial System Ranking Ranking Daycoval Private National Banks National Banks Shareholders Equity 16º 22º Net Income 18º 24º Total Deposits 20º 27º Total Assets 24º 28º Source: Brazil Central Bank March 2011 Rating Global Scale Long Term Baa3 Short Term Prime-3 National Scale Long Term Aa1 Short Term BR1 Stable Investment Grade June 2011 Global Scale Long Term BB Short Term B National Scale Long Term braa- Short Term bra-1 Positive December 2010 Global Scale Long Term BB Short Term B National Scale Long Term A+(bra) Short Term F1 (bra) Stable May 2011 Low Risk Mid- Term Index 10.40 April 2011 5

Daycoval s Market Capital and Capital Structure Stock Performance 2Q11 Capital Structure June 2011 DAYC4 (R$) 2Q11 1Q11 Chg. % Closing Quotation 9.80 12.20-19.7% High for the quater 12.40 12.95-4.2% 25.3% Daycoval Holding Financeira S/A Controlling Shareholders (Family) + Daycoval Expert Average for the quarter 11.09 12.04-7.9% Low for the quarter 9.50 11.07-14.2% 0.4% 8.5% 65.8% Treasury Market Value (R$)Million 2,119.98 2,639.16-19.7% Free-Float Total Shares: 216.3 million shares. Free Float: 54.7 million shares. First middle market bank to implement a ADR Level I Program. Coverage by research analysts from 18 local and international brokerage firms. 6

Daycoval Asset Management Profitability Funds June 2011 Daycoval Renda Fixa 0.96% % CDI 100.74% Daycoval Prev. F.I. Renda Fixa 0.93% % CDI 97.68% Multifunds Daycoval Multifunds 0.773% % CDI 81.21% Parnamirim 0.926% % CDI 97.35% Oasis 1.055% % CDI 110.84% Daycoval Classic Fim Cred. Priv 1.011% %CDI 106.28% Apache Fim 0.975% %CDI 102.47% Stocks Daycoval Target -1.47% Diferença Ibovespa 1.96% Assets Under Management R$ Million 148.74 22.73 13.48 288.35 74.85 154.35 14.64 26.08 Daycoval Asset Management offers a variety of investment funds and differentiated products such as portfolio administration. At the present time we have eight open funds and twelve closed funds. Asset ended June 2011 with a total of funds generated and/or administered of R$ 1,128.2 million. Assets Under Management R$ Million 36 91 138 241 238 643 1,158 1,128 2004 2005 2006 2007 2008 2009 2010 1H11 7

Distribution: More than 100 points of Sale 31 Branches SÃO PAULO SP HD Av. Paulista SP - ALPHAVILLE ES - VITÓRIA CE - FORTALEZA SP - BOM RETIRO MG - BELO HORIZONTE PE - BOA VIAGEM SP - BRÁS RJ - RIO DE JANEIRO PE - RECIFE SP - CAMPINAS PR - LONDRINA RN - NATAL SP - FARIA LIMA PR - CURITIBA SE- ARACAJU SP - GUARULHOS RS - CAXIAS DO SUL DF - BRASÍLIA SP - RIBEIRÃO PRETO RS - PORTO ALEGRE MS - CAMPO GRANDE SP - SÃO BERNARDO SC - FLORIANÓPOLIS MT - CUIABÁ SP - SOROCABA AL - MACEIÓ AM - MANAUS SP - UBERLÂNDIA BA - SALVADOR PA - BELÉM IFP Promotora de Serviços de Intermediação Financeira Ltda, is a financial intermediation company created to promote operations for individuals. It has 56 stores in operation throughout Brazil. 10 Daypag Offices in major cities of São Paulo State: Osasco, Barueri, Guarulhos, Americana, Atibaia, Campinas, Ribeirão Preto, Mogi Guaçu e Detran São Paulo 11 exchange bureaus in São Paulo and one correspondent foreign exchange desks distributed strategically in São Paulo and Rio de Janeiro 8

9 Key Figures Total Assets Expanded Loan Credit Portfolio Funding Shareholders Equity 2Q11 Basel Index 18.4% 2Q11 R$ 11,024.0 million R$ 7,066.9 million R$ 6,712.9 million R$ 1,842.4 million 1H11 Net Income R$ 75.2 million R$ 118.7 million ROAE 17.6% 13.6% ROAA 3.0% 2.4% NIM-AR (*) 12.3% 11.5% Efficiency Ratio 27.9% 32.0% (*) New methodology includes exchange-rate change on passive operations and excludes the result of property protection operations, DAYC4 swaps, portfolio transfers to other banks and matched operations repurchase agreements-tri-party repos outstanding.

Loan Portfolio: growth higher than the market average Expanded Loan Portfolio R$ Million Loan Portfolio by Segment (R$ mn) 2Q11 1Q11 Chg. % 2Q10 Chg. % Mi ddl e Ma rket / Other 3,641.8 3,564.1 2.2% 2,591.5 40.5% Tra de Fi na nce 542.6 375.8 44.4% 281.7 92.6% Ava l s a nd Sureties Gra nted 316.3 247.7 27.7% 124.1 154.9% Recei va bl es purcha s e 284.8 214.7 32.7% 57.8 n.a Total Portfolio Middle Market 4,785.5 4,402.3 8.7% 3,055.1 56.6% Pa yrol l Loa ns 1,586.8 1,486.1 6.8% 1,196.1 32.7% Pa yrol l Loa ns Portfol i o As s i gnments 96.7 130.7-26.0% 42.0 130.2% Total Payroll Loans 1,683.5 1,616.8 4.1% 1,238.1 36.0% Auto Loa ns 536.7 513.9 4.4% 486.1 10.4% Auto Loa ns Portfol i o As s i gnments 13.2 18.0-26.7% 38.2-65.4% Total Auto Loans 549.9 531.9 3.4% 524.3 4.9% Direct Credit to Consumers (DCC) 48.0 45.2 6.2% 27.1 77.1% Total 7,066.9 6,596.2 7.1% 4,844.6 45.9% 10

Expanded Credit Portfolio: growth of 7.1% during the quarter Loan Portfolio R$ Million 4,845 80 4,765 5,546 61 5,485 45.9% 7.1% 7,067 6,596 110 6,222 191 149 6,031 6,447 6,957 2Q10 3Q10 4Q10 1Q11 2Q11 Loan Portfolio Credit Assignments Breakdown Loan Portfolio (*) 1Q11 Breakdown Loan Portfolio (*) 2Q11 8.1% 0.7% Middle Market 7.8% 0.7% Middle Market 24.5% 66.7% Payroll Loans Auto Loans 23.8% 67.7% Payroll Loans Auto Loans DCC DCC (*)Includes Credit Assignments, sureties and avals granted and the purchase of credit reghts 11

12 Middle Market: increase of 56.6% over the past 12 months, currently representing 67.7% of the total portfolio Middle Market Portfolio R$ Million 4,786 4,177 4,402 3,627 3,055 2Q10 3Q10 4Q10 1Q11 2Q11 Breakdown Portfolio Middle Market 2Q11 (million) Working Capital R$ 2,231.2 46.7% Guaranteed Account R$ 1,117.0 23.3% Trade Finance R$ 542.6 11.3% Avals and Sureties R$ 316.3 6.6% BNDES R$ 293.6 6.1% Receivables Purchase R$ 284.8 6.0% TOTAL R$ 4,785.5 100.0% Guarantees Breakdown 2Q11 Sectors Breakdown 2Q11 Geographic Distribution 2Q11 5.9% 6.7% Receivables 13.5% 4.6% 15.6% 53.7% Vehicles / Real Estate Agricultural Products Financial Investments Equipments / Foreign goods Other 17.9% 31.9% 5.1% 45.1% Industry Services Commerce Other 9.4% 5.7% 13.3% 13.2% 58.4% Southeast South Northeast Mid-West North

Daycred Payroll: INSS and Army continue to drive growth Total Loan Portfolio (*) R$ Million Total Loan Portfolio (*) R$ 1,684mn 2Q11 - % 1,617 1,684 1,383 1,476 1,238 2Q10 3Q10 4Q10 1Q11 2Q11 (*) Includes credit assignments in all of the quarters (R$ 96.7million in 2Q11) Total Origination R$ Million 7.7% 4.3% 3.1% 0.4% INSS 12.0% 34.3% 38.2% Army State Government Law Courts and Legislative Bodies Municipalities Other Total Origination R$ 313 mn 2Q11- % Private 301 416 386 419 313 4.9% 0.8% 3.6% INSS 7.7% Army 34.8% State Government 48.2% Law Courts and Legislative Bodies Municipalities 2Q10 3Q10 4Q10 1Q11 2Q11 Private + Other 13

Daycred Auto Loans: new origination strategy Total Loan Portfolio (*) R$ Million Total Origination R$ Million 524 501 527 532 550 37 59 72 76 80 2Q10 3Q10 4Q10 1Q11 2Q11 (*) Includes credit assignments in all of the quarters (R$ 13.2million in 2Q11) Liquidity of Auto Loans Portfolio 2Q11 R$ Million 2Q10 3Q10 4Q10 1Q11 2Q11 Origination Last 12 months (*) Liquidity Receiving Paid Loan Portfolio Past due more than 90 days Ratio Delinquency /Total Loan 1,611 1,437 174 10.8% Old Loan 1,422 1,260 162 11.4% New Loan 156 149 6 4.1% 13.6% 86.4% Small Vehicles Heavy-duty Vehicles (*) We have not financed motorcycles since October 2009 14

Direct Credit to Consumers (DCC): product that complements the Bank s operations for individuals Direct Credit to Consumers Financing of goods and services through partnerships with a number of retailers, such as home furnishings, Appliances, etc. Payment guaranteed by pre-dated checks at rates and Terms that are competitive with the market. Partnerships with many shops, seeking to increase sales, offering the end consumer greater purchasing facilities. Total Loan Portfolio - R$ Million 45.2 42.6 35.3 48.0 27.1 2Q10 3Q10 4Q10 1Q11 2Q11 15

Funding: strong growth of 13.5% during the quarter Funding (R$ mn) 2Q11 1Q11 Chg. % Total Deposits 4.140,4 3.422,4 21,0% Demand Deposits + Other Deposits 333,5 230,0 45,0% Time Deposits 3.441,5 2.935,4 17,2% Interbank Deposits 365,4 257,0 42,2% Borrowing and Onlending 1.476,4 1.411,4 4,6% Foreign Issuances 1.054,1 1.074,6-1,9% Banknotes + Letter of Credit - Agribusiness 42,0 7,3 n.a. Total 6.712,9 5.915,7 13,5% Funding R$ Million 4,842 15% 28% 57% 5,175 38.6% 5,241 12% 13% 25% 26% 5,916 18% 24% 63% 61% 58% 13.5% 6,713 16% 22% 62% Foreign Issuances Borrowing and Onlending Total Deposits 2Q10 3Q10 4Q10 1Q11 2Q11 16

17 Total Deposits: growth of 49.2% over the past 12 months Total Deposits - R$ Million 2,775 3,248 3,194 3,422 4,140 2Q10 3Q10 4Q10 1Q11 2Q11 Total Deposits Breakdown 1Q11 4.7% 7.7% Corporates + Demand Deposits Individuals 27.0% 18.8% 41.8% Investment Funds Institutional Financial Institutions + Interbank Deposits Total Deposits Breakdown 2Q11 7.4% 26.6% 8.8% Corporates + Demand Deposits Individuals 16.2% 41.0% Investment Funds Institutional Financial Institutions + Interbank Deposits

Foreign Currency Funding Foreign Issuances and Borrowing and Onlending - R$ Million 2,486.0 2,530.5 2,066.9 66% 1,925.8 2,044.0 66% 68% 57% 58% 34% 34% 32% 43% 42% 2Q10 3Q10 4Q10 1Q11 2Q11 Borrowing and Onlending Foreign Issuances Date of Transaction Maturity Amount (US$ mn) Eurobond July/2008 July/2011 100 International Finance Corporation (IFC) Syndicated Loan (IFC) December/2007 June/2010 January/13 (due of last tranche) June/14 (due of last tranche) Eurobond March/2010 March/2015 300 Syndicated Loan (IIC) November/2010 November/15 (due of last tranche) 115 165 112.5 Eurobond January/2011 January/2016 300 18

Liquidity: positive gap of 86 days between the duration of the credit and funding operations Outstanding Operations (Loan Portfolio) 2Q11 - % Outstanding Operations (Funding) 2Q11 - % 0.9% 7.4% 25.9% 32.7% 33.2% Maturity of 65.9% over the next 12 months 1.5% 18.0% 32.2% 19.7% 28.6% Maturity of 48.3% over the next 12 months Up to 3 months From 1 to 3 years Over 5 years From 3 to 12 months From 3 to 5 years Up to 3 months From 1 to 3 years Over 5 years From 3 to 12 months From 3 to 5 years Loan Portfolio by Segment Average term to Maturity (1) days Total Portfolio Middle Market 210 Payroll Loans 719 Auto Loans 468 DCC + Other 221 Total Loan Portfolio 414 Funding Average term to Maturity (1) days Time Deposits 234 Interbank Deposits 378 Banknotes 653 Foreign Issuances 982 Borrowing and Onlending (2) 414 Total Funding 500 (1) From June, 2011 (2) Excludes BNDES and Avals and Sureties 19

Liquidity 2Q11 Cash Breakdown (%) 2Q11 R$ mn Cash 1,590.0 37.6% Overnight Repos (Selic) 62.4% Federal Government Bonds Liquid Assets 2,279.5 Total Assets 11,024.0 2Q11 Total Assets Breakdown (%) 2Q11 Total Assets - R$mn 8.8% Operações de Crédito 8,814 9,329 8,939 9,787 11,024 12.7% 25.0% 53.5% Aplicações Interfinanceiras de Liquidez Outros Ativos Títulos e Valores Mobiliários e Derivativos 2Q10 3Q10 4Q10 1Q11 2Q11 20

Quality of Loan Portfolio (*): Provision constitution is comfortable 2Q11 Provision Total Loan Portfolio Portfolio R$ % Provision R$ mn mn Total Provision / Loan Porfolio (%) Total Provision / Loan(%) Middle Market + Trade Finance 4,184.4 66.0 116.4 2.8 Payroll 1,586.8 25.0 36.0 2.3 Auto Loans 414.0 6.5 27.9 6.7 CDC Retailers / Other 48.0 0.8 3.9 8.1 Subtotal 6,233.2 98.3 184.2 3.0 Credit Assignments 109.9 1.7 0.6 0.5 Total 6,343.1 100.0 184.8 2.9 12.7 10.4 7.4 5.9 8.2 5.4 7.3 6.4 8.1 6.7 3.4 3.2 3.1 2.9 2.9 2.9 3.0 2.9 2.9 2.8 2.2 2.1 2.2 2.3 2.1 2Q10 3Q10 4Q10 1Q11 2Q11 (*) Unconsolidated 21

Quality of Loan Portfolio (*) Establishment of Provision - R$ mn 2Q10 3Q10 4Q10 1Q11 2Q11 Middle Market + Trade Finance 12.2 37.1 14.2 24.5 15.3 Payroll 7.5 8.6 7.9 9.8 9.6 Auto Loans 9.1 5.8 4.8 7.0 6.5 Direct Credit to Consumers 0.7 0.6 0.9 1.3 1.7 Total 29.5 52.1 27.8 42.6 33.1 Balance and Establishment of Provision - R$ Million 160 170 178 184 153 30 52 28 43 33 2Q10 3Q10 4Q10 1Q11 2Q11 Balance of Provision Establishment of Provision (*) Unconsolidated 22

23 Quality of Loan Portfolio (*) Past due operations more than 14 days Past due operations more than 60 days (*) Unconsolidated

Quality of Loan Portfolio (*) the coverage level of the PDD balance represents 115.6% of the E-H portfolio Loan E-H - R$ mn 3 T 2Q10 1Q11 2Q11 (%) Loan Middle Market + Trade Finance 92.7 94.1 91.3 2.2 Payroll 24.1 29.5 32.1 2.0 Auto 51.0 32.7 31.4 7.6 DCC 2.2 3.3 4.6 9.6 Total 170.0 159.6 159.4 2.6% LLP / Loan E H (%) 2Q10 1Q11 2Q11 Total 90.2% 111.4% 115.6% Recovered Loans - R$ mn 2Q10 1Q11 2Q11 (%) Loan Middle Market + Trade Finance 9.9 1.2 14.4 0.3 Retail 3.1 3.2 4.2 0.2 Total 13.0 4.4 18.6 0.3 Write-offs - R$ mn 2Q10 1Q11 2Q11 (%) Loan Total (51.8) (34.6) (26.7) 0.4 (*) Unconsolidated 24

Efficiency Ratio: is at a stable level, proving our adequate management of operating costs 2Q11 1Q11 Chg. % 2Q10 Chg. % Personnel Expenses (exclude IFP) (26.7) (26.4) 1.1% (21.8) 22.5% Administrative Expenses (exclude IFP) (25.7) (29.3) -12.3% (18.3) 40.4% Subtotal Expenses (exclude IFP) (52.4) (55.7) -5.9% (40.1) 30.7% Personnel and Administrative Expenses - IFP (2.2) (2.2) 0.0% - n.a. Administrative Expenses - IFP (1.3) (1.4) -7.1% - n.a. Subtotal (3.5) (3.6) -2.8% - n.a. Comission Expenses (total retail) (11.6) (9.5) 22.1% (6.5) 78.5% Total (67.5) (68.8) -1.9% (46.6) 44.8% Efficiency Ratio (%) 27.9 37.6-9.7 p.p 24.1 3.8 p.p Efficiency Ratio (considering Profit Sharing) (%) 30.3 41.8-11.5 p.p 27.1 3.2 p.p Efficiency Ratio % 37.6 24.1 24.2 23.2 20.4 27.8 24.6 27.9 26.9 27.7 2Q10 3Q10 4Q10 1Q11 2Q11 Efficiency Ratio Average Past 12 months 25

26 Capital Structure: maintenance of low leverage Shareholders Equity R$ Million Basel Index % 1,668.0 1,735.6 1,777.8 1,791.2 1,842.4 22.3 21.2 19.9 18.0 18.4 2Q10 3Q10 4Q10 1Q11 2Q11 2Q10 3Q10 4Q10 1Q11 2Q11 Loan Portfolio / Shareholders Equity - times 2.6 2.9 3.0 3.3 3.4 2Q10 3Q10 4Q10 1Q11 2Q11

Profitability: Net Income of R$75.2 million, significant growth of 72.9% compared to 1Q11 Net Income R$ mn Return on Average Equity (ROAE) - % 118.8 118.7 64.2 85.0 70.9 43.5 75.2 16.0 21.4 17.0 10.1 17.6 14.5 13.6 2Q10 3Q10 4Q10 1Q11 2Q11 1H10 1H11 2Q10 3Q10 4Q10 1Q11 2Q11 1H10 1H11 Return on Average Assets (ROAA) - % Net Interest Margin Adjusted and Recurring (NIM-AR) (1) - % 3.2 3.8 3.1 1.8 3.0 3.2 2.4 11.5 12.3 11.5 10.9 12.3 11.3 11.5 2Q10 3Q10 4Q10 1Q11 2Q11 1H10 1H11 2Q10 3Q10 4Q10 1Q11 2Q11 1H10 1H11 (1) New methodology includes exchange-rate change on passive operations and excludes the result of property protection operations, DAYC4 swaps, portfolio transfers to other banks and matched operations repurchase agreements-tri-party repos outstanding 27

Peer Analysis June 2011 Shareholders Equity (R$ Million) (1) Basel Index (%) (1) Loan Portfolio / Shareholders Equity times (1) (1) Source: Bank s reports as of June 2011 28

Peer Analysis June 2011 Loan Portfolio (R$ Million) (1) Loan Loss Provisions / Credit Portfolio (%) (1) Growth of Total Credit Portfolio YoY - (%) (1) (1) Source: Bank s reports as of June 2011 29

30 Peer Analysis June 2011 1H11 Net Income (R$ Million) (1) 2Q11 Net Income - R$ Million (1) 1H11 Net Income / Loan Porfolio - (%) (1) (1) Source: Bank s reports as of June 2011

Peer Analysis 2Q11 Net Interest Margin (NIM) - % (1) Efficiency Ratio - % (1) (2) (2) Return on Average Assets (ROAA) - % (1) Return on Average Equity (ROAE) - % (1) (1) Source: Bank s reports as of June 2011 (2) NIM-AR: New methodology includes exchange-rate change on passive operations and excludes the result of property protection operations, DAYC4 swaps, portfolio transfers to other banks and matched operations repurchase agreements-tri-party repos outstanding. 31

Daycoval s Strengths Growth capability with reduced costs Recognized as one of the best Brazilian Middle Market Banks Conservative profile and solid capital structure Experienced management team compromised with corporate governance Strict credit policy Access to diversified funding sources Low leverage level 32

Recurring Adjusted Net Interest Margin (NIM-AR) Recurring Adjusted Net Interest Margin - (NIM-AR) - (R$ mn) 2009 1Q10 2Q10 3Q10 4Q10 2010 1Q11 2Q11 Income from Financial Intermediation adjusted by Loan Loss Provision and Exchange Rate Variation 742.6 162.7 183.9 246.0 211.9 804.6 168.9 226.7 Hedge/MTM 13.3 (3.8) 8.1 21.9 (18.8) 7.4 (22.0) 6.1 Swap DAYC4-0.7 (5.4) 18.8 11.7 25.8 (10.7) (20.7) Credit Assigments - - - - 16.3 16.3 (2.6) (2.2) Recurring Adjusted Income from Financial Intermediation (A) 729.3 165.8 181.2 205.3 202.7 755.1 204.2 243.5 Average Remunerated Assets 6,130.1 6,388.3 7,547.0 8,454.0 8,618.1 7,764.0 8,741.9 9,151.9 (-) repurchase agreements-tri-party repos outstanding (363.4) (371.0) (964.3) (1,459.1) (1,284.4) (1,019.7) (963.3) (874.1) Average Remunerated Assets (C) 5,766.7 6,017.3 6,582.7 6,994.9 7,333.7 6,744.3 7,778.6 8,277.8 Recurring Adjusted Net Interest Margin (NIM-AR) (%p.a.) (A/C) 12.6% 11.5% 11.5% 12.3% 11.5% 11.2% 10.9% 12.3% 33

Overview of Quality Loan Portfolio Overview of Quality Loan Portfolio 2Q11 1Q11 Chg. % 2Q10 Chg. % Loan Portfolio R$ (mn) 6,233.2 5,848.6 6.6% 4,394.5 41.8% Establishment of Provision R$ (mn) 33.1 42.6-22.3% 29.5 12.2% Final Balance LLP (R$ mn) 184.2 177.8 3.6% 153.3 20.2% Final Balance Loan EH R$ (mn) 159.4 159.6-0.1% 169.9-6.2% Overdue Loans more than 14 days past due R$ (mn) 99.5 93.1 6.9% 91.2 9.1% Overdue Loans more than 60 days past due R$ (mn) 66.1 57.4 15.2% 60.2 9.8% Establishment of Provision/Loan Portfolio (%) 0.5% 0.7% -0.2 p.p 0.7% -0.2 p.p Final Balance LLP/Loan Portfolio (%) 3.0% 3.0% - 3.5% -0.5 p.p Final Balance Loan EH/Loan Porfolio (%) 2.6% 2.7% -0.1 p.p 3.9% -1.3 p.p Overdue Loans more than 14 days past due / Loan Portfolio (%) 1.6% 1.6% - 2.1% -0.5 p.p Overdue Loans more than 60 days past due / Loan Portfolio (%) 1.1% 1.0% 0.1 p.p 1.4% -0.3 p.p Final Balance LLP / Overdue Loans more than 14 days past due 185.1% 191.0% -5.9 p.p 168.1% 17.0 p.p Final Balance LLP / Overdue Loans more than 60 days past due 278.7% 309.8% -31.1 p.p 254.7% 24.0 p.p Final Balance LLP / Loan EH (%) 115.6% 111.4% 4.2 p.p 90.2% 25.4 p.p Write-offs R$ (mn) (26.7) (34.6) -22.8% (51.8) -48.5% Recovered Loans R$ (mn) 18.6 4.4 322.7% 13.0 43.1% 34

Balance Sheet Assets 2Q11 1Q11 2Q10 Current Assets 7,549,196 6,458,071 6,436,299 Cash and Cash Equivalents 13,224 24,373 58,306 Interbank Investments 2,611,276 1,871,110 3,021,014 Securities and Derivatives 213,173 238,833 172,996 Interbank Accounts 98,210 98,677 11,428 Lending Operations 3,836,511 3,636,460 2,761,494 Other Receivables 707,998 527,561 352,439 Other Assets 68,804 61,057 58,622 Long-Term Assets 3,463,689 3,318,544 2,366,828 Interbank Investments 140,032 91,011 2,549 Securities and Derivatives 756,405 882,743 581,463 Lending Operations 2,063,005 1,954,851 1,486,474 Other Receivables 446,180 347,829 267,980 Other Assets 58,067 42,110 28,362 Permanent 11,102 10,471 10,334 Investments 581 582 391 Property and Equipment in Use 10,496 9,862 9,889 Intangible 25 27 54 Total Assets 11,023,987 9,787,086 8,813,461 Liabilities 2Q11 1Q11 2Q10 Current Liabilities 5,189,817 4,266,531 3,872,569 Deposits 2,568,795 1,987,772 1,334,269 Money Market Funding 1,442,908 1,220,835 1,691,890 Funds from Acceptance and Issuance of 200,208 171,991 15,868 Interbank Accounts 13,096 5,630 3,595 Interbranch Accounts 4,335 13,230 4,428 Borrowings and Onlendings 645,625 652,735 634,804 Derivatives 50,627 21,702 5,563 Provisions of Insurance and Pension Plans 22,330 21,565 20,019 Other payables 241,893 171,071 162,133 Long-term Liabilities 3,977,812 3,722,465 3,268,458 Deposits 1,571,612 1,434,628 1,440,687 Funds from Acceptance and Issuance of 895,875 909,888 696,222 Borrowings and Onlendings 830,775 758,659 720,058 Derivatives 155,716 113,083 14,455 Other Payables 523,834 506,207 397,036 Deferred Income 13,355 6,274 3,848 Minority Interest 625 612 570 Shareholders Equity 1,842,378 1,791,204 1,668,016 Capital of Brazilian Residents 1,359,143 1,359,143 1,359,143 Capital Reserves - - 192 Revaluation Reserves 1,365 1,391 1,492 Profit Reserves 399,954 426,978 253,598 ( - ) Treasury Stocks (7,700) (7,900) (11,706) Adjustments of Shareholders' Equity Evaluation Securities and Derivatives Available for Sale (3,307) (6,107) (66) Retained Earnings 92,923 17,699 65,363 Total Liabilities 11,023,987 9,787,086 8,813,461 Amounts in R$ 000 35

36 Income Statement Amounts in R$ 000 2Q11 1Q11 Var. % 2Q10 Var. % 1H11 1H10 Var. % Income from Financial Intermediation 327,570 284,763 15.0% 323,752 1.2% 612,333 594,493 3.0% Lending Operation 340,903 288,411 18.2% 234,274 45.5% 629,314 433,604 45.1% Securities Operations 86,985 83,002 4.8% 75,152 15.7% 169,987 130,583 30.2% Derivatives (106,766) (94,605) 12.9% 8,358 n.a. (201,371) 15,723 n.a. Foreign Exchange Operations 6,448 7,955-18.9% 5,968 8.0% 14,403 14,583-1.2% Expenses of Financial Intermediation (207,033) (209,949) -1.4% (170,746) 21.3% (416,982) (316,579) 31.7% Funding Expenses (157,607) (143,025) 10.2% (122,958) 28.2% (300,632) (215,725) 39.4% Borrowing and Onlendings (16,354) (20,495) -20.2% (18,278) -10.5% (36,849) (33,563) 9.8% Loan Losses Provisions (33,072) (46,429) -28.8% (29,510) 12.1% (79,501) (67,291) 18.1% Gross Profit from Financial Intermediation 120,537 74,814 61.1% 153,006-21.2% 195,351 277,914-29.7% Other Operating Income (Expenses) 13,496 (19,354) n.a. (52,714) -125.6% (5,858) (105,621) -94.5% Income from Services Provided 13,845 12,929 7.1% 7,202 92.2% 26,774 14,336 86.8% Personnel Expenses (28,903) (28,625) 1.0% (21,793) 32.6% (57,528) (43,219) 33.1% Other Administrative Expenses (38,557) (40,227) -4.2% (24,766) 55.7% (78,784) (50,154) 57.1% Tax Expenses (12,851) (12,143) 5.8% (9,202) 39.7% (24,994) (18,062) 38.4% Other Operating Income 106,447 69,107 54.0% 6,984 n.a. 175,554 12,945 n.a. Other Operating Expenses (26,485) (20,395) 29.9% (11,139) 137.8% (46,880) (21,467) 118.4% Income from Operation 134,033 55,460 141.7% 100,292 33.6% 189,493 172,293 10.0% Non-operating Expenses (1,064) (1,582) -32.7% (4,034) -73.6% (2,646) (6,590) -59.8% Income before Taxes and Minority Interest 132,969 53,878 146.8% 96,258 38.1% 186,847 165,703 12.8% Income and Social Contribution Taxes (51,829) (2,739) n.a. (26,344) 96.7% (54,568) (34,496) 58.2% Provision for Income Tax (35,790) (15,172) 135.9% (14,402) 148.5% (50,962) (24,072) 111.7% Provision for Social Contribution Tax (21,432) (8,905) 140.7% (8,691) 146.6% (30,337) (14,473) 109.6% Deferred Taxes 5,393 21,338-74.7% (3,251) n.a. 26,731 4,049 n.a. Profit-Sharing (5,930) (7,676) -22.7% (5,747) 3.2% (13,606) (12,387) 9.8% Minority Interest (12) (13) -7.7% (9) 33.3% (25) (18) 38.9% Net Income 75,198 43,450 73.1% 64,158 17.2% 118,648 118,802-0.1% Interest on Shareholders Equity - (25,799) - (23,067) - (25,799) (47,598) - Earnings per Share (R$) 0.35 0.20 73.1% 0.30 n.a. 0.55 0.55 - Number of Shares 215,499,881 215,478,453 n.a. 215,070,120 n.a. 215,499,881 215,070,120 n.a.

37 Breakdown of Middle Market Credit Portfolio by Sectors Serasa - June 2011 COMMERCE 17.8% INDUSTRY 45.1% Trading 1.4% Sugar and Alcohol Mill 5.1% Commerce of new vehicles 1.3% Ind. of eletronics products 4.9% Commerce of foodstuffs 0.9% Ind. of smal vehicles 3.2% Commerce of cosmetics 0.9% Ind. of inner tube 2.2% Commerce of Import and Export of soy 0.9% Ind. of meat 1.4% Other 12.4% Ind. of clothes in general 1.1% Other 27.2% SERVICE 31.9% FINANCIAL 1.2% Transportation 6.9% Holding 5.2% PRIMARY 1.2% Real Estate and Home Builders 3.2% TV Chanel 1.4% INDIVIDUALS 2.3% Mixed cooperative 1.1% Other 14.1% THIRD SECTOR 0.5%

2Q11 Institutional Presentation Investor Relations Phone: +55 (11) 3138.1024/1025/1039 ri@daycoval.com.br This report may include estimates and forward-looking statements. These estimates and forward-looking statements are to a large extent based on current expectations and projections about future events and financial trends that affect or may come to affect our business. Many important factors may adversely affect the results of Banco Daycoval as described in our estimates and forward-looking statements. These factors include, but are not limited to, the following: the Brazilian and international economic conjunctures, fiscal, foreign-exchange and monetary policies, higher competition in the middle-market segment, the ability of Banco Daycoval to obtain funding for its operations, and amendments to Central Bank regulations. The words believe, may, could, seek, estimate, continued, anticipate, plan, expect and other similar words have the objective of identifying estimates and projections. The considerations involving estimates and forward-looking statements include information related to results and projections, strategies, competitive positioning, the environment in the industry, growth opportunities, the effects of future regulations, and the impacts from competitors. Said estimates and projections refer only to the date on which they were expressed, and we do not assume any obligation to publicly update or revise any of these estimates arising from the occurrence of new information, future events, or any other factors. In view of the risks and uncertainties described above, the estimates and forward-looking statements contained herein may not materialize. Given these limitations, shareholders and investors should not make any decisions based on the estimates, projections and forward-looking statements contained in this report. 38