-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, R4p5Hu0KQoShVk4RLCNyoChChD4sZHpBtMb6Kq1jYt03WuKTURxs1sfYaj8DlREG 5KvyLMeJgGOho8oY7T927w== 0000947871-03-000736.txt : 20030326 0000947871-03-000736.hdr.sgml : 20030325 20030326091145 ACCESSION NUMBER: 0000947871-03-000736 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 8 CONFORMED PERIOD OF REPORT: 20030325 FILED AS OF DATE: 20030326 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BANCO ITAU HOLDING FINANCEIRA S A CENTRAL INDEX KEY: 0001132597 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-15276 FILM NUMBER: 03616975 BUSINESS ADDRESS: STREET 1: RUA BOA VISTA 176 STREET 2: 01014-919 CITY: SAO PAULO STATE: D5 ZIP: 00000 BUSINESS PHONE: 55-11-5019-1723 FORMER COMPANY: FORMER CONFORMED NAME: BANCO ITAU SA DATE OF NAME CHANGE: 20010117 6-K 1 f6k_032503.txt REPORT OF FOREIGN PRIVATE ISSUER FORM 6-K SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the month of March 2003 Commission File Number: 001-15276 Banco Itau Holding Financeira S.A. (Itau Holding Financing Bank S.A.) (Translation of Registrant's Name Into English) Rua Boa Vista, 176 01014-919 Sao Paulo, SP, Brazil (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F. Form 20-F X Form 40-F --- Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934. Yes No X --- --- If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):82-___________________. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Banco Itau Holding Financeira S.A. (Registrant) Date: March 25, 2003 By: /s/ Alfredo Egydio Setubal ---------------------------- Name: Alfredo Egydio Setubal Title: Investor Relations Officer By: /s/ Silvio Aparecido de Carvalho ---------------------------------- Name: Silvio Aparecido de Carvalho Title: Chief Accounting Officer EXHIBIT INDEX 99.1 Notice to Stockholders - Exercise of Dissenting Rights 99.2 Announcement to the Market Re: The Company's new legal name and their Adhesion to the Sao Paulo Stock Exchange's (Bovespa) Level I Corporate Governance 99.3 Stockholders of Banco Itau Holding Fonanceira S.A. are hereby invited by the to an extraordinary general meeting to be held on April 9, 2003 99.4 Results from the extraordinary general meeting that was held on March 24, 2003 99.5 Further Results from the extraordinary general meeting that was held on March 24, 2003 99.6 Additional Results from the extraordinary general meeting that was held on March 24, 2003 99.7 Banco Itau Holding Financeira S.A. notifying holders of their right of withdrawal pursuant to Article 137 of Lei 6,404 date December 15, 1976 EX-99.1 3 ex99-1_032503.txt NOTICE TO STOCKHOLDERS BANCO ITAU S.A. CNPJ - 60.701.190/0001-04 A Publicly Held Company NOTICE TO STOCKHOLDERS BANCO ITAU S.A. - EGM OF NOVEMBER 21, 2002 EXERCISE OF DISSENTING RIGHTS With respect to the incorporation of the total shares of BANCO ITAU S.A. by BANCO ITAU HOLDING FINANCEIRA S.A., approved by the Extraordinary General Meeting held on November 21, 2002, we wish to inform stockholders that: a) those stockholders of Banco Itau S.A., dissenting from the decisions taken at the meeting on November 21, 2002, will be reimbursed at the value of R$ 88.853 per lot of one thousand common or preferred shares to which they held title on November 4, 2002; b) those stockholders wishing to indicate their dissent should forward correspondence to Banco Itau S.A. - Superintendencia de Servicos a Empresas, Rua Boa Vista 176, 4(0) andar, corpo V, Sao Paulo (SP), CEP 01014-919; c) the period of 30 days during which stockholders may declare their dissent is to expire on April 17, 2003, considering the publication of the minutes of the meeting in the March 19, 2003 editions of the newspapers "Diario Oficial do Estado de Sao Paulo" and "Gazeta Mercantil". Sao Paulo-SP, March 20, 2003. BANCO ITAU S.A. ALFREDO EGYDIO SETUBAL Investor Relations Director EX-99.2 4 ex99-2_032503.txt ANNOUNCEMENT TO THE MARKET Announcement of a Material Fact Banco Itau Holding Financeira S.A. In addition to the announcement of the material fact of March 17, 2003, Banco Itau Holding Financeira S.A. (Itau Holding) wishes to announce: 1) Adhesion to the Sao Paulo Stock Exchange's (Bovespa) Level I Corporate Governance. From today, Itau Holding becomes an integral part of the Bovespa Differentiated Corporate Governance Index (Indice de Governanca Corporativa Diferenciada da Bovespa - IGC), through its compliance with the Level I of Corporate Governance requirements. It should be noted that Itausa - Investimentos Itau S.A. and Banco Itau S.A. were among the first 15 companies to comply voluntarily at the formal adhesion event held at the Bovespa on June 26, 2001. 2) Financial Holding Company: The Board of Governors of the Federal Reserve System has approved Itau Holding's status as a Financial Holding Company. This status had already been granted to Banco Itau S.A. on February 20, 2002, following careful analysis of important factors pursuant to the United States banking regulations. 3) Trading in Itau Holding's shares begins today on the Bovespa: the ticker codes are the same as those used by Banco Itau S.A. until March 21, 2003, namely ITAU3 and ITAU4 - respectively for the common and preferred shares. Itau Holding's shares are components of the same segments for listing and index purposes as those of Banco Itau S.A. 4) Trading in Level II Itau Holding ADRs begins today on the New York Stock Exchange (NYSE): the ticker code is the same as used by Banco Itau S.A. until March 21, 2003, namely ITU. It should be noted that the Level II ADR program was launched on February 21, 2002. Each ADR is the equivalent of 500 preferred shares. The Bank of New York and Banco Itau itself are the depository and custodian banks respectively. Aiming the creation of value for our thousands of stockholders, Itau Holding already comes into existence committed to the ethical management of its businesses, transparency, good corporate governance practices, strict focus on the provision of financial services and the search for profitability, results and performance with safety. Sao Paulo, March 24, 2003 Alfredo Egydio Setubal Investor Relations Director Banco Itau Holding Financeira S.A. - ------------------------------------- (*) For fuller details, please see Banco Itau Holding Financeira S.A.'s Investor Relations website, available on the Internet (www.itauir.com). EX-99.3 5 ex99-3_032503.txt NOTICE FOR AN EXTRAORDINARY GENERAL MEETING BANCO ITAU HOLDING FINANCEIRA S.A. CNPJ. 60.872.504/0001-23 A Publicly Listed Company NIRE. 35300010230 Authorized Capital: up to 200,000,000,000 shares Subscribed and Paid-in Capital: R$ 4,260,500,000.00 - 113,451,148,264 shares CONVENING NOTICE FOR AN EXTRAORDINARY GENERAL MEETING Stockholders of BANCO ITAU HOLDING FINANCEIRA S.A. are hereby invited by the Administrative Council to an extraordinary general meeting to be held on April 9, 2003 at 3:00 p.m. in the auditorium of the company's head office at Praca Alfredo Egydio de Souza Aranha, 100, in the city of Sao Paulo in order to examine the Administrative Council's proposal to: 1. incorporate 3,444,956,000 preferred book entry shares of Banco Itau S.A.'s stock for the purpose of reestablishing its position as a wholly owned subsidiary pursuant to article 252 of Law 6404/76, granting shares of this incorporating entity to the stockholders of the incorporated entity of the same type and proportion as the shares held on April 9, 2003 in the latter; 2. as a result, alter the first sentence in article 3 of the company's articles of association to register the new capital stock and the new quantity of shares, which represent it; 3. ratify the election of a Fiscal Councilor. Sao Paulo-SP, March 24, 2003. ADMINISTRATIVE COUNCIL OLAVO EGYDIO SETUBAL Chairman We authorize the publication of the above convening notice in 3 (three) consecutive editions of the following newspapers: "Diario Oficial do Estado de Sao Paulo" and the "Gazeta Mercantil" EX-99.4 6 ex99-4_032503.txt RESULTS OF EXTRAORDINARY GENERAL MEETING BANCO ITAU HOLDING FINANCEIRA S.A. CNPJ. 60.872.504/0001-23 A Publicly Listed Company NIRE. 35300010230 Authorized Capital: up to 200,000,000,000 shares Subscribed and Paid-in Capital: R$ 4,260,500,000.00 - 113,451,148,264 shares MEETING OF THE ADMINISTRATIVE COUNCIL OF MARCH 24, 2003 On March 24, 2003 at 3:30 p.m., the Administrative Council of BANCO ITAU HOLDING FINANCEIRA S.A. met at the company's head office with the legal quorum present and under the chairmanship of Dr. Olavo Egydio Setubal, with members of the Fiscal Council also present - pursuant to Article 163, Paragraph 3 of Law 6,404/76 - for the purpose of examining the proposal for convening the Annual General Stockholders' Meeting to be held on April 9, 2003 at 3:00 p.m. with the following agenda "ADMINISTRATIVE COUNCIL'S PROPOSAL Stockholders, The Administrative Council of BANCO ITAU HOLDING FINANCEIRA S.A., proceeding with the corporate reorganization begun in November 2002, widely announced to the market and considering: - that, at the meeting held on November 21, 2002, approval was given for the incorporation of all the shares comprising the capital stock of Banco Itau S.A., thus converting it into a wholly owned subsidiary of this Banco Itau Holding Financeira S.A., which now shelters the companies and the various financial business segments of the Itau Conglomerate under its control; - that at the meeting to be held on March 25, 2003, Banco Itau S.A. is to issue 3,444,956,000 preferred book entry shares to be granted to the stockholders of ISLA PARTICIPACOES S.A. and TAIZAN PARTICIPACOES S.A., following the substitution of the shares negotiated as part of the process involving the association with the then controlling group of Banco BBA Creditanstalt S.A. and resulting in the creation of Banco Itau-BBA S.A.; and - the interest in reinstating Banco Itau S.A. in the position as a wholly owned subsidiary of Banco Itau Holding Financeira S.A., MEETING OF THE ADMINISTRATIVE COUNCIL OF MARCH 24 2003 BANCO ITAU HOLDING FINANCEIRA S.A. Page 2 believes that it is an opportune moment to submit the following items for the examination of the Annual General Stockholders' Meeting: I - INCORPORATION OF SHARES - to incorporate the 3,444,956,000 preferred book entry shares issued as capital stock of BANCO ITAU S.A. (enrolled in the Brazilian corporate taxpayers' register (CNPJ) with number 60.701.190/0001-04), approving for the purpose this act: a) the "Justification and Protocol" hereunder transcribed; b) the appointment of the appraising company, Boucinhas & Campos + Soteconti Auditores Independentes S/C, CRC.SP 2SP 5.528, which accepted the function and prepared, in anticipation of the Stockholders' Meeting, the appraisal report on which the incorporation is to be based. The appointment of the aforementioned company involves no conflict of interest or interest in common, either current or potential, with the company's controlling stockholder or in relation to the same company's minority stockholders or with respect to another corporation involved or connected in any way to the operation as such; c) the appraisal report, which is available to the Stockholders and will be attached to the meeting's minutes thereby becoming an integral part of the said minutes: 'JUSTIFICATION AND PROTOCOL FOR THE INCORPORATION OF BANCO ITAU S.A.'s SHARES BY BANCO ITAU HOLDING FINANCEIRA S.A. BANCO ITAU S.A., with its head office in the City and State of Sao Paulo at Praca Alfredo Egydio de Souza Aranha, 100 - Torre Itausa, enrolled in the Brazilian corporate taxpayers' register (CNPJ) with number 60.701.190/0001-04 and in the Companies' Register with number NIRE 35300023978, from hereon denominated "ITAUBANCO", and BANCO ITAU HOLDING FINANCEIRA S.A., with its head office in the City and State of Sao Paulo at Praca Alfredo Egydio de Souza Aranha, 100 - Torre Itausa, enrolled in the Brazilian corporate taxpayers' register (CNPJ) with the number 60.872.504/0001-23 and in the Companies' Register with the number NIRE 35300010230, from hereon denominated "ITAU HOLDING", legally represented by the undersigned, do herewith agree through this document, to propose to their stockholders, the incorporation by ITAU HOLDING of the 3,444,956,000 preferred book entry shares issued by ITAUBANCO, thus reinstating the latter's position as a wholly owned subsidiary pursuant to Article 252 of Law 6,404/76 and in accordance with the following basic items: a) the incorporation is justified by the interest in maintaining the ongoing process of corporate reorganization as decided by the extraordinary general meeting of November 21, 2002, thus reinstating the position of ITAUBANCO as a wholly owned subsidiary of ITAU HOLDING, an institution which controls the companies and the various financial business segments of the Itau Conglomerate; MEETING OF THE ADMINISTRATIVE COUNCIL OF MARCH 24 2003 BANCO ITAU HOLDING FINANCEIRA S.A. Page 3 b) the incorporation of the shares of ITAUBANCO by ITAU HOLDING will be effected for the amount of R$ 522,220,880.04 (five hundred and twenty-two million, two hundred and twenty thousand, eight hundred and eighty Reais and four centavos), this value not exceeding the market value of the shares of ITAUBANCO on February 28, 2003, according to the appraisal carried out by the specialized company, Boucinhas & Campos + Soteconti Auditores Independentes S/C, previously hired by ITAU HOLDING's Executive Board and subject to ratification by the stockholders' meeting; c) ITAU HOLDING's capital stock will be increased by R$ 519,500,000.00 (five hundred and nineteen million, five hundred thousand Reais) and the amount of R$ 2,720,880,04 (two million, seven hundred and twenty thousand, eight hundred and eighty Reais and four centavos) will constitute the Capital Reserves - Goodwill on Issued Shares; d) as a result, ITAU HOLDING will issue 3,444,956,000 new preferred book entry shares, with no par value, the company's current stockholders not having any preemptive subscription rights pursuant to Article 252, Paragraph 1 of Law 6,404/76; e) these new ITAU HOLDING shares will be totally subscribed in the name of the current holders of the incorporated shares and paid in against verification to ITAU HOLDING of the 3,444,956,000 preferred book entry shares, with no par value and held by the said stockholders; f) thus, the said ITAUBANCO stockholders will have their shareholding participations substituted proportionally for book entry shares of the same type and with the same characteristics, issued by ITAU HOLDING at the ratio of 1 (one) new preferred share for every 1 (one) existing preferred share in line with the relative appraisal report prepared by the specialized company, Boucinhas & Campos + Soteconti Auditores Independentes S/C; g) the new preferred shares of ITAU HOLDING will enjoy rights to any cash income distribution that may be declared from the date of this document; h) ITAU HOLDING's capital stock will be increased from R$ 4,260,500,000.00 to R$ 4,780,000,000.00, representing 116,896,104,264 (one hundred and sixteen billion, eight hundred and ninety-six million, one hundred and four thousand, two hundred and sixty-four) book entry shares at no par value, being 61,998,316,748 (sixty-one billion, nine hundred and ninety-eight million, three hundred and sixteen thousand, seven hundred and forty-eight) common and 54,897,787,516 (fifty-four billion, eight hundred and ninety-seven million, seven hundred and eighty-seven thousand, five hundred and sixteen) preferred shares i) the first sentence of Article 3 of ITAU HOLDING's Articles of Association will be altered to register the new capital stock and the quantity of shares, which it represents; MEETING OF THE ADMINISTRATIVE COUNCIL OF MARCH 24 2003 BANCO ITAU HOLDING FINANCEIRA S.A. Page 4 j) reimbursement of their shares under the current legislation will be assured to those stockholders of ITAUBANCO and ITAU HOLDING dissenting from the decisions taken at the meetings which approved this Protocol; k) the forecasted cost of completing the operation, in addition to the related corporate legal acts, will be limited to expenditure with external consultants, experts and auditors, estimated at R$ 150,000.00 (one hundred and fifty thousand Reais); l) with the exception of the Central Bank of Brazil and the Brazilian Securities and Exchange Commission (Comissao de Valores Mobiliarios), the operation has not been and neither will it be, submitted for approval of other regulatory or anti-trust bodies, whether Brazilian or foreign; m) this, and all other documentation related to the incorporation, will be held at the disposition of the stockholders at the respective head offices of the companies involved. Sao Paulo-SP, March 24, 2003. BANCO ITAU S.A. (signed) Roberto Egydio Setubal and Henri Penchas - CEO and Senior Vice-President, respectively BANCO ITAU HOLDING FINANCEIRA S.A. (signed) Roberto Egydio Setubal and Sergio Silva de Freitas - CEO and Senior Vice-President, respectively." II - STATUTORY ALTERATION - in the light of the preceding item, to alter the first sentence in article 3 of the Articles of Association, the wording of which will be as follows: 'Article 3 - CAPITAL AND SHARES - The capital stock is R$ 4,780,000,000.00 (four billion, seven hundred and eighty million Reais), representing 116,896,104,264 (one hundred and sixteen billion, eight hundred and ninety-six million, one hundred and four thousand, two hundred and sixty-four) book entry shares, with no par value, being 61,998,316,748 (sixty-one billion, nine hundred and ninety-eight million, three hundred and sixteen thousand, seven hundred and forty-eight) common and 54,897,787,516 (fifty-four billion, eight hundred and ninety-seven million, seven hundred and eighty-seven thousand, five hundred and sixteen) preferred shares, the latter without voting rights but having the following advantages: I - priority in receiving the minimum non-cumulative annual dividend of R$ 0.55 (fifty-five centavos of one Real) per one thousand-share block, to be adjusted accordingly in the case of a stock split or reverse split; II - in the event of an eventual sale of the MEETING OF THE ADMINISTRATIVE COUNCIL OF MARCH 24 2003 BANCO ITAU HOLDING FINANCEIRA S.A. Page 5 controlling stake, the right to be included in the public tender offer for acquiring shares thus assuring the latter shares, the right to the price equal to 80% (eighty per cent) of the value paid to each voting share comprising the controlling stake, guaranteeing the dividend at least equal to that of the common shares.' III - RATIFICATION OF THE ELECTION OF A FISCAL COUNCILOR - to ratify the election of the Fiscal Councilor, Gustavo Jorge Laboissiere Loyola, elected by the Extraordinary General Meeting on November 1, 2002, exempting him from compliance with Item I, Paragraph 3, Article 147 of Law 6,404/76, as amended by Law 10,303/01, in view of the said councilor holding the same post on the Administrative Council of another Financial Institution. Finally it is proposed to publish the meeting's minutes omitting the names of the stockholders present as permitted under Article 130, Paragraph 2 of Law 6,404/76. This is the proposal which we submit for the examination of the Stockholders. Sao Paulo-SP, March 24, 2003. (signed) Olavo Egydio Setubal, Jose Carlos Moraes Abreu, Alfredo Egydio Arruda Villela Filho, Roberto Egydio Setubal, Alcides Lopes Tapias, Henri Penchas, Luiz Assumpcao Queiroz Guimaraes, Luiz de Moraes Barros, Maria de Lourdes Egydio Villela, Persio Arida, Roberto Teixeira da Costa and Sergio Silva de Freitas." Having been examined, the aforementioned Proposal was fully and unanimously approved by the Councilors present. Dr. Olavo Egydio Setubal, then informed the Members of the Administrative Council that the Fiscal Council had issued the following opinion on the said proposal and transcribed to the appropriate register: "THE FISCAL COUNCIL's OPINION The effective members of the Fiscal Council of BANCO ITAU HOLDING FINANCEIRA S.A. have examined the Administrative Council's Proposal of today's date with respect to the incorporation of the preferred shares representing Banco Itau S.A.'s capital stock by this corporation, reinstating its position as a wholly owned subsidiary, pursuant to Article 252 of Law 6,404/76. The members of the Fiscal Council believe that the proposal is technically justified and declare they agree that the said proposal should be submitted for the examination of the General Stockholders' Meeting. Sao Paulo-SP, March 24, 2003. (signed) Gustavo Jorge Laboissiere Loyola, Alberto Sozin Furuguem and Iran Siqueira Lima." MEETING OF THE ADMINISTRATIVE COUNCIL OF MARCH 24 2003 BANCO ITAU HOLDING FINANCEIRA S.A. Page 6 Concluding the agenda, the members of the Administrative Council authorized the publication of the convening notice of the General Stockholders' Meeting. The agenda having been complete, the Chairman requested the transcription of these minutes. These having been read and approved, were signed by all, the meeting being declared closed. Sao Paulo-SP, March 24, 2003. (signed) Olavo Egydio Setubal - Chairman; Jose Carlos Moraes Abreu, Alfredo Egydio Arruda Villela Filho and Roberto Egydio Setubal - Vice-Chairmen; Alcides Lopes Tapias, Henri Penchas, Luiz Assumpcao Queiroz Guimaraes, Luiz de Moraes Barros, Maria de Lourdes Egydio Villela, Persio Arida, Roberto Teixeira da Costa and Sergio Silva de Freitas - Councilors. I CERTIFY THAT THESE MINUTES ARE AN EXACT COPY OF THE ORIGINAL TRANSCRIBED IN THE MINUTES REGISTER Sao Paulo-SP, March 24, 2003. ALFREDO EGYDIO SETUBAL Investor Relations Director EX-99.5 7 ex99-5_032503.txt FURTHER RESULTS OF EXTRAORDINARY GENERAL MEETING BANCO ITAU HOLDING FINANCEIRA S.A. CNPJ. 60.872.504/0001-23 A Publicly Listed Company NIRE. 35300010230 Authorized Capital: up to 200,000,000,000 shares Subscribed and Paid-in Capital: R$ 4,260,500,000.00 - 113,451,148,264 shares ANNOUNCEMENT OF A MATERIAL FACT MEETING OF THE ADMINISTRATIVE COUNCIL OF MARCH 24, 2003 On March 24, 2003, at 4:00 pm, at its head office, with a legal quorum present and under the chairmanship of Dr. Olavo Egydio Setubal, the Administrative Council of BANCO ITAU HOLDING FINANCEIRA S.A. met, with the purpose of deciding on the repurchase of shares issued by the Bank itself, without the reduction in capital stock in accordance with the provisions of paragraphs 1 and 2 of article 30 of Law 6404/76 and CVM Instruction 10 and 268 of February 14 1980 and November 13 1997, respectively. The Chairman initially informed that: a) 2,162,610,484 own book entry shares are held as treasury stock being 51,324,668 common and 2,111,285,816 preferred shares; b) of the existing preferred shares held as treasury stock, 200,000,000 of the preferred shares were deposited in custody with the Brazilian Clearing and Depository Corporation (Companhia Brasileira de Liquidacao e Custodia) - CBLC, as the underlying assets for the issue of 200,000 "CEDEAR's", under the Argentine Certificates of Deposit Program (CEDEAR's), pursuant to the approval of the Brazilian Securities and Exchange Commission (Comissao de Valores Mobiliarios) - CVM in their authorizing letters CVM/GER-2/n(0) 152/98 and CVM/GEA-4/n(0) 118/98, of which 13,500 "CEDEAR's" have been placed to the present moment and corresponding to 13,500,000 preferred shares; After this, the Administrative Council, considering it to be opportune to buy-back shares for holding as treasury stock, cancellation or resale to the market, unanimously decided to renew the limits for these acquisitions as from this date, authorizing the corporation to acquire up to 3,540,000,000 book entry shares issued by itself with no nominal value, comprising a maximum of 760,000,000 common and 2,780,000,000 preferred shares. Having clarified that the acquisition of such shares, herewith authorized, represents less than 10% (ten per cent) of the 8,203,862,907 common shares and 51,110,327,481 preferred shares freely circulating in the market, it was decided: MEETING OF THE ADMINISTRATIVE COUNCIL OF MARCH 24 2003 BANCO ITAU HOLDING FINANCEIRA S.A. Page 2 a) to attribute to the Board of Directors discretion to decide when to effect the buy-back operations within the limits herewith approved; b) that these acquisitions will be effected via the Stock Exchanges, for a maximum term of three months as from the current date, using resources in the Revenues Reserve ("Reserve - Goodwill on Issued Shares"); c) that theses acquisitions be intermediated by ITAU CORRETORA DE VALORES S.A., with head office at Rua Boa Vista, 185 - 4th floor in the city of Sao Paulo. All items on the agenda having been concluded, the meeting was declared closed, the transcription of which was registered in these minutes, and having been read and approved, was signed by those present. Sao Paulo-SP, March 24, 2003. (signed) Olavo Egydio Setubal - Chairman; Jose Carlos Moraes Abreu, Alfredo Egydio Arruda Villela Filho e Roberto Egydio Setubal - Vice-Chairmen; Alcides Lopes Tapias, Henri Penchas, Luiz Assumpcao Queiroz Guimaraes, Luiz de Moraes Barros, Maria de Lourdes Egydio Villela, Persio Arida, Roberto Teixeira da Costa and Sergio Silva de Freitas - Councilors. I CERTIFY THAT THE PRESENT IS AN EXACT COPY OF THE ORIGINAL TRANSCRIPTION IN THE MINUTES REGISTER Sao Paulo-SP, March 24, 2003. ALFREDO EGYDIO SETUBAL Investor Relations Director EX-99.6 8 ex99-6_032503.txt ADDITIONAL RESULTS FROM MEETING BANCO ITAU HOLDING FINANCEIRA S.A. CNPJ. 60.872.504/0001-23 NIRE. 35300010230 A Publicly Held Company MEETING OF THE ADMINISTRATIVE COUNCIL OF MARCH 24, 2003 On March 24, 2003 at 3:00 p.m., the Administrative Council of BANCO ITAU HOLDING FINANCEIRA S.A., meeting at its head office with the legal quorum present and under the chairmanship of Dr. Olavo Egydio Setubal, unanimously decided to establish the following system of monthly stockholder payments of interest on capital to be adopted by the company: a) CALCULATION BASIS - pursuant to article 205 of Law 6,404/76, the monthly payment of interest on capital will be calculated on the basis of the stockholding position for the last business day of the previous month; b) PAYMENT DATE - in monthly anticipation of the mandatory dividend, the payments will be effected on the first business day of the following month to the credit of the account in accordance with details furnished by the stockholder; c) MONTHLY VALUE - R$ 0.13 (thirteen centavos of one Real) per thousand shares, with the retention of 15% income tax at source, resulting in net interest of R$ 0.1105 per thousand shares, except where stockholders are already certified as not being subject to or are exempt from such income tax, as from the interest payment date of May 2, 2003, and calculated according to the stockholding position of March 3, 2003. Having concluded all the items on the agenda, the Chairman determined the transcription of these minutes, which having been read and approved, were signed by all and the meeting declared closed. Sao Paulo-SP, March 24, 2003. (signed) Olavo Egydio Setubal - Chairman; Jose Carlos Moraes Abreu, Alfredo Egydio Arruda Villela Filho and Roberto Egydio Setubal - Vice-Chairman; Alcides Lopes Tapias, Henri Penchas, Luiz Assumpcao Queiroz Guimaraes, Luiz de Moraes Barros, Maria de Lourdes Egydio Villela, Persio Arida, Roberto Teixeira da Costa and Sergio Silva de Freitas - Councilors. I CERTIFY THAT THE PRESENT IS AN EXACT COPY OF THE ORIGINAL TRANSCRIBED IN THE MINUTES REGISTER. Sao Paulo-SP, March 24, 2003. ALFREDO EGYDIO SETUBAL Investor Relations Director EX-99.7 9 ex99-7_032503.txt HOLDERS' RIGHT OF WITHDRAWAL Sao Paulo, March 25, 2003 SUAC-1308/03 BOLSA DE VALORES DE SAO PAULO- BOVESPA Sao Paulo Dear Sirs, We refer to the convening notice for the Extraordinary General Meeting of April 9, 2003, published today in the newspapers "Diario Oficial do Estado de Sao Paulo" and "Gazeta Mercantil", with respect to the incorporation proposal of the preferred shares issued by Banco Itau S.A. We wish to inform those holders of Banco Itau Holding Financeira S.A.'s shares acquired up to March 25, 2003, who may eventually wish to dissent from the said share incorporation, that they are assured of their right of withdrawal pursuant to Article 137 of Lei 6,404 date December 15, 1976. Sincerely, Banco Itau Holding Financeira S.A. (signed) Alfredo Egydio Setubal Investor Relations Director -----END PRIVACY-ENHANCED MESSAGE-----