ments BNB Agreements—The Group's small hyttoelecinc energy generation projects have been (named through the Bank of the Northeast of Braze (Banco do Nordeste do &a61-1361B) for a total amount of R5120,096 Borrowings wider the agreements are subject to fixed rate netts! of 9 5% per annuli (which can to red

ent Institution rate 12/31113 01/01/13 12131114 12/31113 01/01113 Obbank 9414 to sex CDI 27,192 25,363 147,566 111,835 71.500 Banco do Nordeste 97% COI — — 12,932 11,696 10.840 Total 27.192 25.363 160.438 123.531 82.340 As described further at isle 8, certain of the Group's borro