LLX Logística S.A.June, 2008

2

This presentation relating to LLX Logística S.A. (“LLX”) includes “forward-looking statements”, as that term is defined in the Private Securities

Litigation Reform Act of 1995, in Section 27A of the Securities Act of 1933 and Section 21E of the U.S. Securities Exchange Act of 1934. All

statements other than statements of historical facts are statements that could be deemed forward-looking statements and are often

characterized by the use of words such as “projects”, “expects”, “anticipates”, “intends”, “plans”, “believes”, “estimates”, “may”, “will”, or

“intends”, or by discussions or comments about our objectives, strategy, plans or intentions and results of operations. Forward-looking

statements include projections regarding our operating capacity, operating expenditures, capital expenditures and start-up dates.

By their nature, these forward-looking statements involve numerous assumptions, uncertainties and opportunities, both general and specific.

The risk exists that these statements may not be fulfilled or, even if they are fulfilled, the results or developments described in such

statements may not be indicative of results or developments in future periods. We caution participants of this presentation not to place

undue reliance on these forward-looking statements as a number of factors could cause future results to differ materially from these

statements.

Forward-looking statements may be influenced in particular by factors such as the ability to obtain all required regulatory approvals and

licenses on a timely basis or at all, and changes in economic, political and regulatory conditions. We caution that the foregoing list is not

exhaustive. When relying on forward-looking statements to make decisions, investors should carefully consider these factors as well as other

uncertainties and events.

LLX does not undertake to update our forward-looking statements unless required by law. This presentation is neither an offer to sell (which

can only be made pursuant to definitive offering documents) nor a solicitation of an offer to buy any securities in the United States, or any

other jurisdiction. The securities referred to herein have not been registered in any jurisdiction, and in particular, will not be registered under

the U.S. Securities Act of 1933, as amended, or any applicable state securities laws and may not be offered or sold in the United States

absent registration or an applicable exemption from such registration requirements.

This presentation and its contents are proprietary information and may not be reproduced or otherwise disseminated in whole or in part

without LLX’s prior written consent.

Investor Relations

Ricardo Antunes Carneiro Neto –

CEO & Investor Relations Director

Antonio Castello Branco – Manager

Tel.+ 55 21 2555 5661

ir@llx.com.br

Disclaimer

1. Overview

4

EBX Lines of Business

MMXMMX

Mining &

Metals

LLXLLX

Logistics

MPXMPX

Energy

OGXOGX

Oil & Gas

AMXAMX

Renewables

REXREX

Real Estate

XHOW

PFX

XHOW

PFX

Entertainment

CorumbáSystem

AVX

Açu Superport

& Industrial Park

Brasil Superport

&

Industrial Park

PortSudeste

Port in Chile

(option)

Coal

Pecém

Maranhão

Açu

Seival

Diesel / FuelOil

Serra do Navio

Gas

TermopantanalBR

TermopantanalBol

SHP (PCH)

Capivara

HPP (UHE)

Baixo Iguaçú

Seival CoalMines

New CoalDevelopments

Campos Basin

5 Blocks 100%

2 Blocks 50%

Santos Basin

4 Blocks 100%

Espírito Santo Basin

4 Blocks 100%

Pará-Maranhão Basin

5 Blocks 100%

Waterexploration

Handlingsustainableforests

MDX Day Hospital

La Cañada de Pillar

HaciendaCastilla

Barra

São João da Barra

Mr Lam

Pink Fleet

Hotel Gloria

XISXISXIS AXXAXX

Social

Museu das Minas e do Metal – BH

LagoaRodrigo de Freitas - RJ

Aviation

Helicopter Agusta Elite

Helicopter Agusta Grand

CJ3

Legacy

NVXNVX

Shipping

Time Charter Contracts

MMXMMX

Mining &

Metals

LLXLLX

Logistics

MPXMPX

Energy

OGXOGX

Oil & Gas

AMXAMX

Renewables

REXREX

Real Estate

XHOW

PFX

XHOW

PFX

Entertainment

CorumbáSystem

AVX

Açu Superport

& Industrial Park

Brasil Superport

&

Industrial Park

PortSudeste

Port in Chile

(option)

Coal

Pecém

Maranhão

Açu

Seival

Diesel / FuelOil

Serra do Navio

Gas

TermopantanalBR

TermopantanalBol

SHP (PCH)

Capivara

HPP (UHE)

Baixo Iguaçú

Seival CoalMines

New CoalDevelopments

Campos Basin

5 Blocks 100%

2 Blocks 50%

Santos Basin

4 Blocks 100%

Espírito Santo Basin

4 Blocks 100%

Pará-Maranhão Basin

5 Blocks 100%

Waterexploration

Handlingsustainableforests

MDX Day Hospital

La Cañada de Pillar

HaciendaCastilla

Barra

São João da Barra

Mr Lam

Pink Fleet

Hotel Gloria

XISXISXIS AXXAXX

Social

Museu das Minas e do Metal – BH

LagoaRodrigo de Freitas - RJ

Aviation

Helicopter Agusta Elite

Helicopter Agusta Grand

CJ3

Legacy

NVXNVX

Shipping

Time Charter Contracts

5

LLX Management

Management Team Experience

Ricardo Antunes

CEO

Engineer Degree from PUC-RJ and Master´s degree from the Imperial College in London.

23 years of experience at CVRD

Former CEO of Rio Doce International

Co-founder of MMX

Eliane Aleixo Lustosa

Chief Financial Officer

Masters degree in Economics from PUC-RJ and PhD in Finance. Held Yale Universitiy´s

certificate in Corporate Governance.

Government experience at BNDES, Ministry of Finance and as Director of Brazil´s Antitrust

Agency. Former VP and CFO of Grupo Abril, Globex and Petrobras Pension Fund (Petros).

Current board member of the Brazilian Institute of Corporate Governance (IBGC). Former board

member of several public companies (Perdigão, CPFL, Coteminas, Telet, Americel and Tele

Norte Celular).

José Salomão

Chief Development Officer

Mechanical Engineer (UFES) and MBA in COPPEAD/UFRJ

23 years of experience in the design, implementation and operation of port terminals (iron ore,

coal, pig iron, fertilizers, agricultural baul, containers and general cargo).

Held executive positions in Porto de Tubarão, Porto de Praia Mole, TVV, Pasha Terminal – Los

Angeles, Docenave and Brasil Ferrovias.

Luis Alfredo Osório de Castro

Chief Implementation Director

Civil Engineer (UGF/RJ) and MBA from FGV/RJ. Project Management (PMI) certificate from

FIA/USP.

30 years experience in implementing infrastructure projects (urban projects and port terminals);

power plants and industrial facilities at Pronil, OAS and Brascan.

6

MMX Structure before restructuring and Anglo´s proposal

30% Centennial

Asset Corumbá

49% Anglo American

MMX Corumbá

49% Anglo

American

LLX Logistica

85%

30% Centennial Asset

LLX AçuLLX Minas-Rio

100%

Minas-Rio Project

70%

30% Cleveland

Cliffs

MMX Amapá

70%

MMX Minas-Rio

51%

AVX Mineração MMX Metálicos

100%

15% OTPP

70%51%

7

Centennial Asset

MMX

Corumbá

70%

30%

MMX Amapá

70%

MMX

Minas-Rio

AVX

Mineração

MMX Metálicos

70%51%

Iron X

MMX current

shareholders

43%57%

100%

MMX restructuring and Anglo acquisition proposal

100%

100%

Controlling

Shareholders

+ minorities

LLX

Minas-Rio

LLX

Açu

30%

Centennial Asset

30%

49%

100%

( 1 ) ( 1 )( 2 )

( 1 ) Includes 100% of respective Metallics Projects

( 2 ) Includes MMX´s option to 50% of future Pelletizing Plant

8

LLX Corporate Overview after restructuring

(1) Eike Batista and Management

51%

43%

LLX Minas-Rio LLX Açu

70%

30%49%

Centennial

Logística

57%

LLX Brasil LLX Sudeste

Controlling

Shareholders + Minority Shareholders(1)

70% 70%

30%30%

9

LLX

Strategic locations and large back-areas;

Low-cost operational models;

Long Term contracts with diverse sectors and

synergies generated within the EBX Group;

Experienced management team;

Secured Debt Financing Source;

Social and Environmental Responsibility.

LLX was created in march 2007, aiming to explore

the significant growth potential in infrastructure

and logistics services through the development of

3 major port systems in the Southeast region of

Brazil.

Its main strenghs are:

10

Relevant Hinterland

LLX Port´s hinterland concentrates 72% of the Brazilian GDP

Source: IMF.

Country GDP 2006 (US$ Billion)

Brazil 1.067,7

Russia 984.93

South Korea 888.3

India 886.9

Mexico 840.0

LLX´s hinterland area 780.5

Australia 754.8

Netherlands 663.1

Belgium 393.6

Turkey 392.4

Sweden 385.3

11

Favorable Industry Fundamentals

Total Brazilian Seaborne Trade

Source: Global Insight.

(million tons)

Current port capacity is incapable of handling the rapid growth in Brazilian foreign trade

Economic Openness – Trade Flow / GDP 2006

Source: SECEX/Ministério do Desenv. Ind e Comercio Exterior

Brazil Trade Flow

(US$ billion)

60 73 96 118 138 1614748

6374

91121

107 121

159

192

229282

2002 2003 2004 2005 2006 2007

Exports Imports

Brazilian Ports’ Capacity Utilization

Source: Antaq.

(berth hours utilized / berth hours available)

97% 93% 91%

80%

63%

Itajaí São Francisco

do Sul

Rio Grande Santos Vitória

264283

343 354372

398

2002 2003 2004 2005 2006 2007E

Economics Opennes - Trade Flow 2006

18% 21%34% 38%

50% 54%62% 66% 67% 71%

Bra

zil

20

00

Bra

zil

Ind

ia

Arg

en

tin

a

Ind

on

es

ia

Ve

ne

zue

la

Me

xic

o

Ch

ile

Ch

ina

Ko

rea

Source: IMF

Economics Openness- Trade Flow 2006

12

LLX Projects

LLX will build 3 major port systems in the Southeast region of Brazil

Mixed-use terminal sized to berth carriers up to 200,000 tons

Back-area covering 7,800 ha

Draft of 18.5 m

Main Products: Iron Ore from MMX Minas-Rio pipelines and third parties

railway, steel products, coal, granite, LNG and containers.

Port Açu - “Super Port”

Mixed-use port terminal

Total Area of 1,900 ha (maritime structure with 50 ha)

Draft of 18.5 m

Main Products: Containers, iron ore, agricultural bulk, liquid bulk and fertilizers

70 km from its main competitor, with huge competitive advantage: major

expansion area and 2x current container capacity

Port Brasil - “Super Port”

Port terminal located in the Itaguaí Industrial Area

Accessed by MRS railway and BR-101

Best poised to capture transportation of Minas-Gerais main Iron Ore producers

Draft of 18.5 m

Area covers 52.1 ha

Port Sudeste

Every Port facilitiy has been designed to comply with ISPS (International Ship and Port Facility Security Code) regulations.

13

Developing Partners

Port Açu

Port Sudeste

Port Brasil

RAM EngenhariaDevelops Port Açu offshore

21 years experience

Developed ports such as: CSA/Thyssen in Sepetiba;

CVRD Terminal (Pier III in Ponta da Madeira,

onshore installations in Praia Mole; Tubarão terminal

for Oil, Agrilcultural Bulk, Fertilizers and Containers);

Pecém Port.

Develops Port Sudeste

Founded in 1969

Nearly 450 projects implemented

Several port projects in Brazil, Argentina, Paraguay,

Uruguay, Moçambique and Cabo Verde.

Develops Port Brasil and Port Açu onshore 75 years

experiece

World leader in ports development

Port Projects for CVRD, MBR, Rio Tinto, Votorantim,

CSN, Usiminas, Gerdau and CST.

14

LLX Timeline

2006 2008 20092007 2010 2011 2012

Bra

sil

Aç

uS

ud

es

te

Development

Detailing of the project

Environmental

License

Development

Project begin to be developed

Development

Project begin to be developed

Development

ANTAQ authorization

Construction License

Construction

Construction begins

Construction

Completion

Operations

Start up

Operations

Start up

Carve Out

LLX is carved out of MMX and begins operations as an independent company

Anglo American buys 49% stake in LLX Minas-Rio

OTPP acquired 15% of LLX Logística

Development

Environmental License

Development

EnvironmentalLicense

Operations

Start up

Min

as

-R

io

Development

Detailing of the project

Environmental License

Operations

Start up

Development

Construction License

ANTAQ authorization

Construction

Construction Begins

Construction

Construction begins

Development

Construction License

ANTAQ authorization

Development

Construction License

ANTAQ authorization

Construction

Construction begins

2. Projects

2A. Port Açu

17

Unparalleled Port Facilities

Mixed-use private port facility featuring a deep draft port with minimum need for dredging

Natural draft of 15 meters

Future draft of 18.5 meters

Able to berth large vessels

7,800 hectares of land holdings for adjacent industrial complex ( 300 hectares for Iron Ore / LLX Minas Rio)

The thermal plant within the industrial complex will guarantee “inside-the-fence” energy availability based on the recent self-producer consortium regulation, even under a rationing scenario

Has already been granted both environmental and construction licenses.

Construction began in September, 07.

10 hectares

18

LLX Minas-Rio (Ore) / LLX Açu (non-Ore)

19

Railway Expansion

45 km of railway track will be

built to connect Port Açu to

the Brazilian railway system.

MMX

Sudeste

20

Port Infrastructure – General View

21

OGX´s Campos, Santos and Espirito Santo basin blocks and

Port Açu strategic location as a supply boat hub

22

Up to 3,300 hectares for rental Up to 330,000 TEUs py

Iron Ore: Coal: Liquid Bulk (LNG): Steel Products:

Granite: Containers: Supply Boats: Real Estate:

Up to 63.2 mtpy Up to 15.3 mtpy Up to 4.0 M m 3 py Up to 11.2 mtpy

Up to 1.5 mtpy Up to 80,000 tons of cargo py

Port Açu main activities

Capex

LLX Minas-Rio: US$ 900 M

Açu Non Ore: US$ 700 M

(Source : Verax Feasibility Study as of June 12th 2008)

23

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016... ...2032

53,2

348,8

766,0

274,5

75,415,1

65,2

38,1

283,6

560,4

17,8

80,7

205,6

Development Capex and Volume Ramp Up

Volume Ramp Up (Mtpy)

Port Açu

Development Capex US$ M

Port Açu

Minas-Rio (Iron Ore)

Port Açu Non Ore

256,7

Capex

LLX Minas-Rio: US$ 900 M

Açu Non Ore: US$ 700 M

*

(*) Tonnage excluding containers

- - -

20,0

30,3

39,8

62,2

67,9

77,682,0

93,5

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016... ...2032

(Source : Verax Feasibility Study as of June 12th 2008)

2B. Port Brasil

25

Port Brasil Overview

Industrial Area

(1300h)

Storage & Handling

(600h)

Maritime Structure

( 50h)

26

Railway

Port Brasil will be connected by a 1800 km railway track (ALL) and by a four-lane highway

(Padre Manoel da Nóbrega).

27

Port Brasil Infrastructure

Back-area: 6 million m2 Island: 500.000 m2Taniguá Industrial Area

13 million m2

Distribution Center

Consolidation and

Deconsolidation Center

Depot

Annual Capacity:

• containers: 3,2 million (TEU)

• Iron ore: 20 million (ton)

• Agricultural bulk: 28,9 million (ton)

• Fertilizers: 10 million (ton)

• Liquid Bulk: 7,5 million (ton)

11 berths

Draft of 18.5 m

28

Port Brasil Overview

Port Brasil is a private port located in São Paulo State, the country’s primary economy engine

Mixed-use port terminal designed for operating containers, iron ore, agricultural bulk, liquid bulk and fertilizers;

11 Berths with 18.5 meters (reaching 21 meters with further dredging)

Offshore Structure: 500,000 m² (1,240 m X 403 m);

Breakwater designed for extreme weather conditions by specialized international consultancies;

Access bridge with 3 lanes prepared for heavy haul and with area for multiple conveyor belts and pipes;

Exceptionally large yard area;

Fully compliant with ISPS Code;

Direct link to railway (ALL) and a four-lane highway (Padre Manoel da Nobrega);

Located outside public port area, strong competitive advantage due to reduced costs.

29

Containers

Up to 3.2 M TEUs py

Iron Ore

Up to 20.0 mtpy Liquid Bulk (Ethanol)

Up to 7.5 M m3 py

Agricultural Bulk

Up to 28.9 mtpy

Fertilizers

Up to 10.0 mtpy Real State

Up to 600 hectares for rental

Port Brasil main activities

Capex

Port Brasil : US$ 1,951 M

(Source : Verax Feasibility Study as of June 12th 2008)

30

Development Capex and Volume (Without Containers)

Volume Ramp Up (Mt)

Port Brasil

Developement Capex (US$ M)

Port Brasil

- - - - -

17,8

27,0

41,1

45,4 46,5

64,9

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016... ...2032

2,2

97,9

553,2 561,7

346,0

100,3

41,2 35,3

79,8

1,8 -

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016... ...2032

Capex

Port Brasil : US$ 1,951 M

(Source : Verax Feasibility Study as of June 12th 2008)

Development Capex (US$ M)

Port Brasil

2C. Port Sudeste

32

Port Sudeste Overview

Railway

Loop

Tunnel

1.18 km

Bridge

1.4 km

Berth

Iron Ore

Storage

33

MMX Sudeste iron ore logistics to Port Sudeste

MRS

Currently Transportation contract secured with MRS and port access with CSN

Sepetiba Terminal until 2011, when port Sudeste starts up.

Port Sudeste

Igarapé

MMX

Sudeste

34

Port Sudeste

The port is located in the State of Rio de Janeiro, adjacent to Itaguai Port at Sepetiba Bay. The whole

area of 512,000 m² is dedicated to iron ore operation.

Draft of 18,5 m.

The region is served by railway (MRS) and road (Coastal Highway BR-101); the federal government has

just approved investment in a road connecting the port area to the Rio-São Paulo highway;

The area is already available. Licensing and construction can be done in relatively short time; operation of

the iron ore terminal (storage and shipping) could start 2011.

Iron Ore

Up to 25.0 mtpy

Capex

Port Sudeste: US$ 381 M

(Source : Verax Feasibility Study as of June 12th 2008)

35

Development Capex and Volume

Volume Ramp Up (Mt)

Port Sudeste

Development Capex (US$ M)

Port Sudeste

- - - -

5,0

10,0

15,0

20,0

25,0 25,0 25,0

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016... ...2032

43,949,0

169,1

118,3

- - - - - - -

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016... ...2032

Capex

Port Sudeste: US$ 381 M

(Source : Verax Feasibility Study as of June 12th 2008)

36

EBITDA share per Product and per Port

(Source : Verax Feasibility Study as of June 12th 2008)

37

Final Remarks

Unparalleled

Port Facilities

Attractive

Locations

Unique

Strategic

Position

Significant

Upside

Potential

Favorable

Industry

Dynamics

38

Thank You !