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HSBC J.P. Morgan Standard Chartered Bank - bicbanco

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Consolidated Statements of<br />

Income For the Year Ended December 31,<br />

Variation<br />

Variation<br />

2009 2009 % total (2) 2008 % total (2) 2008 2007 % total (2) 2007<br />

2009x<br />

2008x<br />

(in US$<br />

million) (1)<br />

(in R$ million except for percentages)<br />

% %<br />

Tax credit ........................................... 8.1 14.1 0.9 164.1 8.2 (91.4) 45.7 3.6 259.1<br />

Statutory profit sharing ..................... (20.8) (36.3) (2.4) (29.4) (1.5) 23.5 (21.3) (1.7) 38.0<br />

Net income ........................................ 182.7 318.2 21.4 320.5 16.1 (0.7) 181.9 14.3 76.2<br />

Number of shares paid-in<br />

(thousand)......................................... — 260,466 — 268,957 — — 278,185 — —<br />

Net income per share ...................... — 1.23 — 1.21 — — 0.65 — —<br />

______________________<br />

Notes:<br />

(1) Translated for convenience only, at the exchange rate in effect as of December 31, 2009 of R$1.7412 per U.S.$1.00 as reported by the<br />

Central <strong>Bank</strong>.<br />

(2) On “Financial operations income.”<br />

AMR-248898-v2<br />

- 38 -<br />

95-40469277

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