Public Opinion Survey of Brazilians living in PortugalMay 25, 2006

2

Methodology

Sample size 1,000 Brazilian adults

Dates of interviews

November 23 – December 20, 2005

Margin of error 3 percentage points

Language of interviews

Portuguese

Demographics of Brazilian Residents of Portugal

4

Age

1%

7%

38%

40%

14%

2%

7%

36%

40%

15%

0% 10% 20% 30% 40% 50%

65+

50-64

35-49

25-34

18-24

AllBrazilians

Remittancesenders

5

Annual Household Income

16%

1%

3%

29%

51%

20%

1%

3%

25%

51%

0% 10% 20% 30% 40% 50% 60%

No answer

More than€30,000

€20,000 to€30,000

€10,000 to€20,000

Less than€10,000

AllBrazilians

Remittancesenders

6

How long have you been living in Portugal?

3%

16%

39%

27%

15%

4%

16%

36%

25%

19%

0% 10% 20% 30% 40% 50%

Ten years ormore

Five to tenyears

Three to fiveyears

One to threeyears

Less thanone year

AllBrazilians

Remittancesenders

7

Gender

51%

49%

52%

48%

0% 10% 20% 30% 40% 50% 60%

Female

Male AllBrazilians

Remittancesenders

8

Areas of Interviews• North Region: Porto, Braga, Braganca

and Vila Real

• Central Region: Leiria, Coimbra, Viseu and Aveiro

• Algarve Region: Faro, Portimao, Albuferia and Loule

• Alentejo Region: Evora

• Lisbon and Tagus Valley Region: Lisboa, Cascais, Oeiras, Loeres and Setubal

9

Region

6%

1%

59%

13%

21%

6%

1%

51%

20%

22%

0% 20% 40% 60% 80%

Algarve

Alentejo

Lisbon andTagus Valley

Central

North

AllBrazilians

Remittancesenders

The Remittance Sending Process

11

Remittance Senders

• Estimates of the Brazilian population residing in Portugal range from 75,000 to 150,000 adults.

• An estimated 74 percent of Brazilian adults living in Portugal send remittances on a regular basis to their families back home.

12

• Brazilians living in Portugal send remittances 10 times a year at an average of €320 with each remittance.

• Therefore, the total amount of remittances sent from Portugal to Brazil during 2005 is estimated to be between €178,000,000 and €356,000,000.

Remittance Senders

13

Have you ever sent money to your relatives living in Brazil?

74%

9%

17%

Yes

Yes, but not inthe last year

No

14

Have you ever sent money to your relatives living in Brazil?

21%

11%

68%

17%

9%

74%

0% 20% 40% 60% 80%

No

Yes, but notin the last

year

Yes

Brazilians inPortugal

Brazilians inJapan

15

How often do you send money to your relative?

3%

5%

23%

61%

6%

0% 10% 20% 30% 40% 50% 60% 70%

Once a year

Every four to sixmonths

Every two tothree months

Once a month

Twice a month ormore

Average - 10 Times

16

How many people do you send money to?

6%

16%

77%

0% 20% 40% 60% 80% 100%

Three or more

Two

One

17

How long have you been sending money to your relative?

13%

29%

38%

20%

0% 10% 20% 30% 40%

More than fiveyears

Between threeand five years

Between one andthree years

Less than a year

18

How often do you communicate with your family back home?

0%

2%

13%

85%

0% 20% 40% 60% 80% 100%

Never

A few times ayear

About once amonth

About once aweek or more

19

How much money – on average – do you send to your relative each time you send money?

5%

4%

11%

14%

23%

33%

5%

0% 5% 10% 15% 20% 25% 30% 35%

More than €750

€501 to €750

€401 to €500

€301 to €400

€201 to €300

€101 to €200

€100 or less

Average - €320

20

How do you send money to your relative?

4%

7%

92%

28%

2%

65%

0% 20% 40% 60% 80% 100%

Brazilians inJapan

Brazilians inPortugal

Internationalmoney transfercompany

Bank

Other

21

What is the fee that you pay to send money to your relatives in Brazil?

2%

4%

3%

8%

34%

22%

19%

0% 10% 20% 30% 40%

More than €30

€20 to €30

€15 to €20

€10 to €15

€5 to €10

€1 to €5

No charge €0

Access to Bank Accounts

23

Do you have a bank account in Portugal?

24%

76%

27%

73%

0% 20% 40% 60% 80%

No

Yes AllBrazilians

Remittancesenders

24

Do you have a bank account in Brazil?

53%

47%

30%

70%

0% 20% 40% 60% 80%

No

Yes Braziliansin Portugal

Braziliansin Japan

25

Do you have a savings account?

40%

16%

49%

38%

17%

45%

0% 10% 20% 30% 40% 50% 60%

No

Yes, inBrazil

Yes, inPortugal

AllBrazilians

Remittancesenders

26

Would you consider opening a savings account in Brazil if the interest rate offered by banks in Brazil is higher than in Portugal?*

31%

63%

35%

59%

0% 20% 40% 60% 80%

No

Yes AllBrazilians

Remittancesenders

*Asked only of those respondents who do not have a savings account in Brazil.

27

Why would you not consider opening a savings account in Brazil?

36%

1%

14%

15%

33%

37%

1%

13%

13%

36%

0% 10% 20% 30% 40%

Don't know / No answer

I don't intend to return toBrazil

The interest rates are toolow

I do not trust the banks

I do not have enoughmoney to save

AllBrazilians

Remittancesenders

Business Investments

29

Do you have any plans to start your own business in the future?

25%

1%

41%

13%

33%

1%

41%

22%

0% 10% 20% 30% 40% 50%

No

Yes, inanothercountry

Yes, in Brazil

Yes, inPortugal /

JapanBrazilians inPortugal

Brazilians inJapan

30

Would you consider investing in a small business in Brazil?

35%

57%

40%

53%

0% 10% 20% 30% 40% 50% 60%

No

Yes AllBrazilians

Remittancesenders

Home Ownership

32

Do you own or rent your home in Portugal?

1%

91%

7%

1%

89%

9%

0% 20% 40% 60% 80% 100%

Live withfriends / live inhouse wherethey work

Rent

Own

AllBrazilians

Remittancesenders

33

Do you own a home in Brazil?

44%

56%

48%

52%

0% 10% 20% 30% 40% 50% 60%

No

Yes AllBrazilians

Remittancesenders

34

Did you purchase your home with a mortgage from a bank?*

82%

16%

81%

17%

0% 20% 40% 60% 80% 100%

No

Yes AllBrazilians

Remittancesenders

*Asked only of those respondents who own a home in Brazil.

Contact:Sergio Bendixen

Ph: 305-529-9916Fax: 305-529-9069

sbendixen@bendixenonline.comhttp://www.bendixenandassociates.com