-----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, SrDozMeajVDsHujILNPws69HGkydxKC8UqDSnUR3abMabr7OqcQLbzjc+p7Nnu14 mROUtN65VawlyeuIv30HLA== 0000911420-04-000259.txt : 20040712 0000911420-04-000259.hdr.sgml : 20040712 20040712143738 ACCESSION NUMBER: 0000911420-04-000259 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20040709 FILED AS OF DATE: 20040712 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ARACRUZ CELLULOSE S A CENTRAL INDEX KEY: 0000883952 STANDARD INDUSTRIAL CLASSIFICATION: PULP MILLS [2611] IRS NUMBER: 000000000 STATE OF INCORPORATION: D5 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-11005 FILM NUMBER: 04909990 BUSINESS ADDRESS: STREET 1: RUA LAURO MULLER 116 40TH FLOOR STREET 2: RIO DE JANEIRO 222-90 CITY: BRAZIL STATE: D5 ZIP: 00000 BUSINESS PHONE: 552138208111 MAIL ADDRESS: STREET 1: RUS LAURO MULLER, 116--40TH FLOOR CITY: RIO DE JANEIRO STATE: D5 ZIP: 22290 6-K 1 d976749.txt REPORT OF FOREIGN PRIVATE ISSUER - -------------------------------------------------------------------------------- FORM 6-K U.S. SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A-16 OR 15D-16 OF THE SECURITIES EXCHANGE ACT OF 1934 dated July 9, 2004 Commission File Number 001-11005 ARACRUZ CELULOSE S.A. (Exact Name as Specified in its Charter) ARACRUZ CELLULOSE S.A. ----------------------------------- (Translation of Registrant's Name) Rua Lauro Muller, 116--40th floor, Botafogo Rio de Janeiro, RJ, 22299-900, Brazil ----------------------------------- (Address of principal executive offices) (Zip code) 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 the 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): Not applicable. - -------------------------------------------------------------------------------- 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. Date: July 9, 2004 ARACRUZ CELULOSE S.A. By: /s/ Carlos Augusto Lira Aguiar ------------------------------------------- Name: Carlos Augusto Lira Aguiar Title: Chief Executive Officer EXHIBIT INDEX Exhibit Description of Exhibit - ------- ------------------------ 99.1. Annual Information Bulletin--IAN for year ended December 31, 2003 EX-99.1 2 e976693.txt ANNUAL INFORMATION BULLETIN Exhibit 99.1 FEDERAL PUBLIC SERVICE CVM - SECURITIES COMMISSION ANNUAL INFORMATION BULLETIN - IAN 12/31/2003 01.01 - IDENTIFICATION 1 - CVM CODE 2 - NAME OF THE COMPANY 3 - TAXPAYER NO. 00043-4 Aracruz Celulose S.A. 42.157.511/0001-61 - -------------------------------------------------------------------------------- 4 - COMMERCIAL NAME OF THE COMPANY Aracruz Celulose S.A. 5 - PREVIOUS NAME OF THE COMPANY Aracruz Celulose S.A. 6 - NIRE CODE 32000002018
01.02 - HEAD OFFICE 1 - FULL Address 2 - District Cam. Barra do riacho, s/n(0)- km 25 Barra do Riacho 3- Zip Code 4- City 5- State 29.197-900 Aracruz ES 6 - Area Code 7- Telephone 10 - Telex 11 - FAX NO 15 - e-MAIL 027 3270 - 2442 - 3270 - 2590 http:/www.aracruz.com.br 01.03 - SHAREHOLDERS DEPARTMENT 1 - NAME 2 - position Jose Mauricio Werneck G. da Silva Manager of Corporate Relations 3 - FULL Address 4 - District Rua Lauro Muller, 116 - 40nd Floor Botafogo 5 - Zip Code 6 - City 7 - State 22.290-160 Rio de Janeiro Rio de Janeiro 6 - Area Code 7- Telephone 10 - Telex 11 - FAX NO 15 - e-MAIL 021 3820 - 8131 - 2541-7947 invest@aracruz.com.br 01.04 - DIRECTOR OF MARKET RELATIONS 1 - NAME Isac Roffe Zagury 2 - FULL Address 3 - District Rua Lauro Muller, 116 - 40nd Floor Botafogo 4 - Zip Code 5 - City 6 - State 22.290-160 Rio de Janeiro Rio de Janeiro 7 - Area Code 8 - Telephone 11 - Telex 12 - FAX NO 16 - e-MAIL 021 3820 - 8160 - 2541-7947 iz@aracruz.com.br 01.05 - REFERENCE / AUDITOR 1 - last fiscal year, BEGINNING 2 - last fiscal year , ENDING 01/01/2003 12/31/2003 3 - current fiscal year, BEGINNING 4 - current fiscal year, ENDING 01/01/2004 12/31/2004 5 - NAME OF THE AUDITOR 6 - CVM CODE Deloitte Touche Tohmatsu Auditores Independentes 00385-9 7 - NAME OF THE TECHINICAL RESPONSIBLE 8 - CPF N(0) Celso de Almeida Moraes 680.686.898-34
1 FEDERAL PUBLIC SERVICE CVM - SECURITIES COMMISSION ANNUAL INFORMATION BULLETIN - IAN 12/31/2003 01.01 - IDENTIFICATION 1 - CVM CODE 2 - NAME OF THE COMPANY 3 - TAXPAYER NO. 00043-4 Aracruz Celulose S.A. 42.157.511/0001-61 - --------------------------------------------------------------------------------
01.06 - GENERAL INFORMATION 1 - BRAZILIAN STOCK EXCHANGES WHERE THE COMPANY IS 2 - MARKETS WHERE SECURITIES ARE TRADED LISTED Sao Paulo Stock Exchange Stock Exchange 3 - SITUATION 4 - ACTIVITY CODE 5 - ACTIVITY OF THE COMPANY In Operation 1160100 - Pulp & Paper Industry Production of Bleached Eucalyptus Pulp 01.07 - STOCK CONTROL / SECURITIES ISSUED 1 - STOCK CONTROL 2 - SECURITIES ISSUED BY THE COMPANY Private, Brazilian Shares and debenturies 01.08 - PUBLICATION OF INFORMATIVE DOCUMENTS 1 - NOTICE TO SHAREHOLDERS ABOUT AVAILABILITY OF THE 2 - STOCKHOLDERS' MEETING TO APPROVE THE FINANCIAL STATEMENTS FINANCIAL STATEMENTS 01/15/2004 04/30/2004 3 - ANNOUNCEMENT OF STOCKHOLDERS' MEETING TO APPROVE 4 - PUBLICATION OF FINANCIAL STATEMENTS THE FINANCIAL STATEMENTS 04/14/2004 01/14/2004 01.09 - NEWSPAPERS IN WHICH THE COMPANY PUBLISHES INFORMATION 1 - NAME 2 - STATE A Gazeta Espirito Santo Diario Oficial do Estado do Espirito Santo Espirito Santo Gazeta Mercantil Sao Paulo A Tribuna Espirito Santo 01.10 - DIRECTOR OF MARKET RELATIONS 1 - DATE 2 - SIGNATURE 05/28/2004 ( signed ) Isac Roffe Zagury
2 FEDERAL PUBLIC SERVICE CVM - SECURITIES COMMISSION ANNUAL INFORMATION BULLETIN - IAN 12/31/2003 01.01 - IDENTIFICATION 1 - CVM CODE 2 - NAME OF THE COMPANY 3 - TAXPAYER NO. 00043-4 Aracruz Celulose S.A. 42.157.511/0001-61 - --------------------------------------------------------------------------------
02.01.01 - BOARD OF DIRECTORS AND CHIEF OFFICERS OF THE COMPANY 1 - ITEM 2 - ADMINISTRATOR 3 - CPF 4 - DATE 5 - TERM OF 6 - 8 - ELECT OF OFFICE CODE FOR ELECTION CONTROLLER 01 Carlos Alberto Vieira 000.199.171-04 04/29/2004 04/30/2007 2 Yes 02 Eliezer Batista da Silva 607.460.507-63 04/29/2004 04/30/2007 2 Yes 03 Haakon Lorentzen 667.258.797-72 04/29/2004 04/30/2007 2 Yes 04 Luiz Aranha Correa do Lago 375.703.317-53 04/29/2004 04/30/2007 2 Yes 05 Acyr Frederico H. Barbosa Pinto da 009.145.767-04 04/29/2004 04/30/2007 2 Yes Luz 06 Ernane Galveas 007.998.407-00 04/29/2004 04/30/2007 2 Yes 07 Jose Roberto Ermirio de Moraes 029.080.178-81 04/29/2004 04/30/2007 2 Yes 08 Leon Chant Dakessian 940.235.908-78 04/29/2004 04/30/2007 2 Yes 09 Nelson Koichi Shimada 042.170.338-50 04/29/2004 04/30/2007 2 Yes 10 Sandra Meira Starling 132.083.066-87 04/29/2004 04/30/2007 2 Yes 11 Isaac Sutton 047.010.738-30 04/29/2004 04/30/2007 2 Yes 12 Thomas de Mello e Souza 014.558.257-43 04/29/2004 04/30/2007 2 Yes 13 Bernardo Parnes 006.102.448-17 04/29/2004 04/30/2007 2 Yes 14 Helge Pedersen 579.566.930-04 04/29/2004 04/30/2007 2 Yes 15 Carlos Jurgen Temke 610.818.507-44 04/29/2004 04/30/2007 2 Yes 16 Alex H. Haegler 004.864.347-53 04/29/2004 04/30/2007 2 Yes 17 Marcus Olyntho de Camargo Arruda 067.020.158-87 04/29/2004 04/30/2007 2 Yes 18 Gilberto Lara Nogueira 386.364.768-87 04/29/2004 04/30/2007 2 Yes 19 Alexandre D'Ambrosio 042.170.338-50 04/29/2004 04/30/2007 2 Yes 20 Fernando Roth Schimidt 000.955.675-34 04/29/2004 04/30/2007 2 Yes 21 Carlos Augusto Lira Aguiar 032.209.829-72 07/24/2003 07/24/2006 1 22 Walter Lidio Nunes 151.624.270-04 07/24/2003 07/24/2006 1 23 Joao Felipe Carsalade 468.913.667-04 07/24/2003 07/24/2006 1 24 Isac Roffe Zagury 261.319.197-04 07/24/2003 07/24/2006 1 Table Continued 1 - ITEM 2 - ADMINISTRATOR 8 - 9 - FUNCTION POSITION/ FUNCTION 01 Carlos Alberto Vieira 20 Chairman of Council of Administration 02 Eliezer Batista da Silva 22 Council of Administration 03 Haakon Lorentzen 22 Council of Administration 04 Luiz Aranha Correa do Lago 22 Council of Administration 05 Acyr Frederico H. Barbosa Pinto da 22 Council of Administration Luz 06 Ernane Galveas 22 Council of Administration 07 Jose Roberto Ermirio de Moraes 22 Council of Administration 08 Leon Chant Dakessian 22 Council of Administration 09 Nelson Koichi Shimada 22 Council of Administration 10 Sandra Meira Starling 22 Council of Administration 11 Isaac Sutton 23 Council of Administration Substitute 12 Thomas de Mello e Souza 23 Council of Administration Substitute 13 Bernardo Parnes 23 Council of Administration Substitute 14 Helge Pedersen 23 Council of Administration Substitute 15 Carlos Jurgen Temke 23 Council of Administration Substitute 16 Alex H. Haegler 23 Council of Administration Substitute 17 Marcus Olyntho de Camargo Arruda 23 Council of Administration Substitute 18 Gilberto Lara Nogueira 23 Council of Administration Substitute 19 Alexandre D'Ambrosio 23 Council of Administration Substitute 20 Fernando Roth Schimidt 23 Council of Administration Substitute 21 Carlos Augusto Lira Aguiar 10 Director President 22 Walter Lidio Nunes 19 Director of operations 23 Joao Felipe Carsalade 19 Commercial Director 24 Isac Roffe Zagury 12 Director of Market Relations
NOTE: 1 - BELONGS TO THE COMPANY ONLY 2 - BELONGS TO THE BOARD OF DIRECTORS ONLY 3 FEDERAL PUBLIC SERVICE CVM - SECURITIES COMMISSION ANNUAL INFORMATION BULLETIN - IAN 12/31/2003 01.01 - IDENTIFICATION 1 - CVM CODE 2 - NAME OF THE COMPANY 3 - TAXPAYER NO. 00043-4 Aracruz Celulose S.A. 42.157.511/0001-61 - -------------------------------------------------------------------------------- 02.01.02 - CURRENT COMPOSITION OF THE FISCAL COUNCIL 1 - COUNCIL FISCAL INSTALLED 2 - PERMANENT YES NO
3 - ITEM 4 - NAME 5 - CPF 6 - DATE 7 - TERM OF OF OFFICE ELECTION 01 Wagner Braz 881.756.858-91 04/29/2004 04/30/2005 02 Fernando Octavio MArtins Alves 129.014.907-00 04/29/2004 04/30/2005 03 Sheila Periard Henrique Silva 069.227.887-70 04/29/2004 04/30/2005 04 Jorge Juliano de Oliveira 036.002.768-75 04/29/2004 04/30/2005 05 Luiz Antonio Perdigao 067.419.168-49 04/29/2004 04/30/2005 06 Luiz Coelho Repis 090.957.567-34 04/29/2004 04/30/2005 3 - ITEM 4 - NAME 8 - 9 - FUNCTION POSITION/ FUNCTION 01 Wagner Braz 43 F.C. (Effective) Elect for the Majority Stockholder 02 Fernando Octavio MArtins Alves 44 F.C. (Effective) Elect for the Preferred Stockholder 03 Sheila Periard Henrique Silva 46 F.C. (Substitute) Elect for the Majority Stockholder 04 Jorge Juliano de Oliveira 47 F.C. (Substitute) Elect for the Preferred Stockholder 05 Luiz Antonio Perdigao 45 F.C. (Effective) Elect for the Minority Stockholder 06 Luiz Coelho Repis 48 F.C. (Substitute) Elect for the Minority Stockholder
4 FEDERAL PUBLIC SERVICE CVM - SECURITIES COMMISSION ANNUAL INFORMATION BULLETIN - IAN 12/31/2003 01.01 - IDENTIFICATION 1 - CVM CODE 2 - NAME OF THE COMPANY 3 - TAXPAYER NO. 00043-4 Aracruz Celulose S.A. 42.157.511/0001-61 - -------------------------------------------------------------------------------- 02.02 - PROFESSIONAL EXPERIENCE AND ACADEMIC QUALIFICATIONS OF EACH BOARD MEMBER, FISCAL COUNCIL AND OFFICER MEMBERS OF COUNCIL OF ADMINISTRATION: 30. CARLOS ALBERTO VIEIRA Member of the Board of Directors of Aracruz Celulose S.A. since April 15, 1988. Was elected president of the Council of Administration on April 29, 2004. Also Chairman of Banco Safra S.A., Albatroz S.A., Safra Companhia de Arrendamento Mercantil S.A., Safra Leasing S.A. Arrendamento Mercantil, Agropecuaria Potrillo S.A., Pastoril Agropecuaria Couto Magalhaes S.A., Safra Holding S.A., and Safra Participacoes S.A. Also President of Banco Safra de Investimentos S.A. and a Director of Safra Seguradora S.A. Economist graduated from Pontificia Universidade Catolica de Sao Paulo. Born April 2, 1934. 31. ELIEZER BATISTA DA SILVA Member of the Board of Directors of Aracruz Celulose S.A. since June 28, 1996. He is also Chairman of Rio Doce International. In 1992, he served as the Brazilian Government's Secretary for Strategic Affaris. From 1979 to 1986, he was Chairman of Companhia Vale do Rio Doce and also President of its Board of Officers. He was President of Mineracoes Brasileiras Reunidas S.A. (Caemi Group) from 1964 to 1968, and Minister of Mines and Energy from 1962 to 1964. 32. HAAKON LORENTZEN Member of the Board of Directors of Aracruz Celulose S.A. since April 29, 1991. Administrative and Data Processing Director of Lorentzen Empreendimentos S.A., Member of the Board of Directors and Director of Arapar S.A. and Lorentzen Empreendimentos S.A. Also Chairman of the Board of Directors of Companhia de Navegacao Norsul. Economist graduated from Pontificia Universidade Catolica do Rio de Janeiro and Harvard Business School (USA). Born August 23, 1954. 33. LUIZ ARANHA CORREA DO LAGO Member of the Board of Directors of Aracruz Celulose S.A. since APRIL , 1988. Director of Planning of Lorentzen Empreendimentos S.A., from Marco of 1988. Full teacher of the Department of Economy, of the Pontificia Catholic University of Rio de Janeiro, from Marco of 1979. Former-boss of the Center of Monetary Studies and of International Economy (CEMEI), IBRE, of the Fundacao Getulio Vargas (1981-1986). Former-director of the Area of Market of Capitals of the Central Bank of Brazil (1987-1988). Doctor in Economy, Ph.D, for the University of Harvard, Cambridge, Massachusetts. Born November 27, 1950. 34. ACYR FREDERICO HORTA BARBOSA PINTO DA LUZ Member of the Board of Directors of Aracruz Celulose S.A. since APRIL 29, 2003. He is also Lawyer in Rio de Janeiro. Electrical engineer for the Papal Catholic University of Rio de Janeiro, Course of Perfection in Economical Engineering for the National School of Engineering of the University of Brazil (current UFRJ), Bachelor in Law for the Universidade Candido Mendes. Date of Nascimento: 23/10/35. 35. ERNANE GALVEAS Member of the Board of Directors of Aracruz Celulose S.A. since April 29, 1994. President, APEC (Economy Studies Development Association) Counsel; Economic Counselor for the Presidence of Confederacao Nacional do Comercio (National Confederation of Commerce), Member of the Technical Counsel for the National Confederation of Commerce, Member of the Counsel of the International Law and Economy Academy - Sao Paulo. Was Financial Director of the Merchant Navy Commission, Director of CACEX (External Commerce Fund), President of the Central Bank of Brazil, ABECEL - Brazilian Cellulose Exporters Association, Minister of the Treasury. Master in Economics graduated from Yale University, Connecticut, U.S.A.. Born December 10, 1922. 5 FEDERAL PUBLIC SERVICE CVM - SECURITIES COMMISSION ANNUAL INFORMATION BULLETIN - IAN 12/31/2003 01.01 - IDENTIFICATION 1 - CVM CODE 2 - NAME OF THE COMPANY 3 - TAXPAYER NO. 00043-4 Aracruz Celulose S.A. 42.157.511/0001-61 - -------------------------------------------------------------------------------- 02.02 - PROFESSIONAL EXPERIENCE AND ACADEMIC QUALIFICATIONS OF EACH BOARD MEMBER, FISCAL COUNCIL AND OFFICER 30. JOSE ROBERTO ERMIRIO DE MORAES Member of the Board of Directors of Aracruz Celulose S.A. since April 30, 2002. Also Chairman and President of Votorantim Celulose e Papel S.A., Director of Votocel Filmes Flexiveis LTda .. He was President of Votorantim Celulose e Papel S.A.until April 2002, Vice-President and Director of S.A Industry Votorantim and member of the Bord Executive of Directors of Votorantim Participacoes S.A.. Director of New HPI PArticipacoes Ltda. Engineer metallurgy graduated by University of Engineering of the Fundacao Armando Alvares Penteado and course of academical extension in engineering of the Production, for the Fundacao Vanzolini. 31. LEON CHANT DAKESSIAN Member of the Board of Directors of Aracruz Celulose S.A. since April 30, 2002. Also Director of the Planning Votorantim group. Graduate mechanical engineer for the Technological Institute of Aeronautics (ITA), with masters degree courses for the Fundacao Getulio VArgas Sao Paulo and for Sloan School of Management 32. NELSON KOICHI SHIMADA Member of the Board of Directors of Aracruz Celulose S.A. since April 29, 2004. Also . Also Director of the Votorantim Financas S.A. . Formed in engineering of the Production for the University of Sao Paulo. Economist graduated from University of Administration of Sao Paulo . Born April 05, 1953. 33. SANDRA MEIRA STARLING Member of the Board of Directors of Aracruz Celulose S.A. since April 29, 2003. Also Executive Secretary of department of Labor and Job since January of 2003. It was also Director of Research and Extension of the Papal Catholic University of MG, teacher of the Department of Sociology and Anthropology of University of Philosophy and humanities - UFMG and teacher of the Department of Private Right of University of Right of UFMG. Master's degree in Political Sciences for the Department of Political Sciences of the Federal University of Minas Gerais and Baccalaureate in Right for University of Right of the Federal University of Minas Gerais. Born April 16, 1944. 34. ISAAC SUTTON Member of the Board of Directors of Aracruz Celulose S.A. since 1996 and coordinator of the committee of audit of the company since 1997. Also Director of Safra Group since 1994. Also member of the Board of Directors of Telenordeste Celular and Telecelular Sul.. Economist graduated from University of Sao Paulo. 35. THOMAS DE MELLO E SOUZA Member Substitute of the Board of Directors of Aracruz Celulose S.A. since 04/29/2004. Also member of the Board of Directors of JS Investments Ltd. Economist graduated from Clark University Massachussetts. Born September 25, 1970. 36. BERNARDO PARNES Member Substitute of the Board of Directors of Aracruz Celulose S.A. since 04/29/2004. Also member of the Board of Directors of Cellcom Israel Ltd, President Director of JS Investiments Ltd, President of the Council of Ethical Norms of the Brazilian Association of Investment Banks, director of the chevra kadisha. Administrator of companies for the foundation Amando alvares Penteado, bachelor in right for the university of right of the university of Sao Paulo and graduated by the foundation Getulio Vargas, with concentration in economy and finances. 6 FEDERAL PUBLIC SERVICE CVM - SECURITIES COMMISSION ANNUAL INFORMATION BULLETIN - IAN 12/31/2003 01.01 - IDENTIFICATION 1 - CVM CODE 2 - NAME OF THE COMPANY 3 - TAXPAYER NO. 00043-4 Aracruz Celulose S.A. 42.157.511/0001-61 - -------------------------------------------------------------------------------- 02.02 - PROFESSIONAL EXPERIENCE AND ACADEMIC QUALIFICATIONS OF EACH BOARD MEMBER, FISCAL COUNCIL AND OFFICER 30. HELGE PEDERSEN Member Substitute of the Board of Directors of Aracruz Celulose S.A. since 04/29/2004. Also member of the Board of Directors of Lorentzen Empreendimentos and Financial Director of the O Mustad & Son A.S. . Administrator of Companies for the University of Wiscousin. Born Ocotber 9, 1938. 31. CARLOS JURGEN TEMKE Member Substitute of the Board of Directors of Aracruz Celulose S.A. since 04/28/2003. Also member of the Board of Directors of Lorentzen Empreendimentos and councillor in the Companies of Technology and Information which the Lorentzen Group maintains investments. Graduate Engeneer at University Rio de Janeiro. 32. ALEX HAEGLER Member Substitute of the Board of Directors of Aracruz Celulose S.A. since 04/29/2004. Also member of the Board of Directors of Lorentzen Empreendimentos, Cimentos Maua S.A. and Sika S.A.. President of Haegler S.A. Representative of Credit Suisse in Brazil. Director of the Community Action of Brazil. Economist graduated from University of HAvard. Bron April 30, 1933. 33. MARCUS OLYNTHO DE CAMARGO ARRUDA Member Substitute of the Board of Directors of Aracruz Celulose S.A. since 04/30/2002. Also member of the Board of Directors Votorantim Financas S.A. Director Vice-PResident of Bank Votorantim S.A. bachelor in right and Administrator of Companies for the Fundation GetulioVargas. Born April 13, 1946. 34. GILBERTO LARA NOGUEIRA Member Substitute of the Board of Directors of Aracruz Celulose S.A. since 04/29/2004. Director of organizational development of the Votorantim Participacoes, since November 2003. Before, corporate director for the polyamide division, at world level, headquartered in the head office of the company Rhodia S.A., in France. Mechanical engineer formed at the School of Engineering of Maua. Born February 25, 1949. 35. ALEXANDRE D'AMBROSIO Member Substitute of the Board of Directors of Aracruz Celulose S.A. since 04/29/2004. Director of organizational development of the Votorantim Participacoes, since June 2003. Graduate for University of Right of the University of Sao Paulo, Master in International Right for Havard University and in Right Compared by George Washington University. Member of the Order of the Lawyers of Brazil(OAB Sao PAulo), of the District of Columbia Bar (USA) and of the Court of International Trade (New York). Born August 1, 1962 36. FERNANDO ROTH SCHMIDT Member Substitute of the Board of Directors of Aracruz Celulose S.A. since 04/29/2004. Lawyer, graduate for University of Right of the University of Bahia, Academical teacher in University of Right of the University of Salvador, is now cabinet boss and International Assistant of the Special General office of Council of Economical and Social Development of the Presidency of the Republic. Born April 25, 1944 7 FEDERAL PUBLIC SERVICE CVM - SECURITIES COMMISSION ANNUAL INFORMATION BULLETIN - IAN 12/31/2003 01.01 - IDENTIFICATION 1 - CVM CODE 2 - NAME OF THE COMPANY 3 - TAXPAYER NO. 00043-4 Aracruz Celulose S.A. 42.157.511/0001-61 - -------------------------------------------------------------------------------- 02.02 - PROFESSIONAL EXPERIENCE AND ACADEMIC QUALIFICATIONS OF EACH BOARD MEMBER, FISCAL COUNCIL AND OFFICER MEMBERS OF CONSELHO FISCAL: 30. WAGNER BRAZ Member of Fiscal Council of Aracruz Celulose S.A. since 04/2000. it is also ,Elect Director and ratified, for the Central Bank of Brazil, of the Bank J. Safra S.A., since April 09, 1999. It is, also, Executive Superintendent of the Conglomerado Safra, answering for the areas of Accounting, Juridical Societario and Fiscal of the Banco Safra S/A, Safra Leasing S.A. Mercantile Leasing, Agropecuaria Potrillo S.A., Pastoral Farming Couto Magalhaes S.A., Distributing Harvest of Titles and Valores Mobiliarios Ltd., Harvest Broker of Values and Exchange Ltd., Safra Seguradora S.A. and too much integral companies of the Conglomerado Safra. Formed in accounting. Born: 17/12/1955. 31. FERNANDO OCTAVIO MARTINS ALVES Member of Fiscal Council of Aracruz Celulose S.A.. 16 years ago it is Managing Financial of the Grupo Lorentzen, in the companies: Arapar S.A., Lorenpar S.A., Lorentzen Empreendimentos S.A. and Norbrasa Empreendimentos S.A.. it was Managing of the Stock exchange of Rio de Janeiro, having been teacher of the Papal Catholic University (IAG-RJ) and of the Fundacao Getulio Vargas (CADEMP-RJ). it Studied the School of Engineering of UFF - it would Engineer Civil. Born in 07.11.44. 32. SHEILA PERIARD HENRIQUE SILVA Member of Fiscal Council of Aracruz Celulose S.A. since 29/04/2004. Economist with master's degree in Industrial Economy for the Federal University of Rio de Janeiro. It acts in Grupo Harvest's Holding since 1997. Previous experiences: Brasilpar Financial Services, Alcatel Telecomunicacoes, Pepsi-Cola International, I Support Brascan. Born: 22/08/63 30. JORGE JULIANO DE OLIVEIRA Member of the Committee of Auditing of Aracruz Celulose S.A. is also Substitute ,of the Fiscal Committee of Aracruz. Corporate manager of Auditing Interns of the Votorantim Participacoes S.A. Bacharel in Accounting Sciences for the University Sao Judas Tadeu, with professional registration in Regional Council of Accounting of Sao Paulo under no. 1SP-154.766/O-3. Born: 11/11/1963. 31. LUIZ ANTONIO PERDIGAO Member of Fiscal Council of Aracruz Celulose S.A. since 29/04/2003, married, Electric Engineer for EESC/USP, Assistant in Quantitative Methods for UnB-DF, Doctor in Economy for EPGE/FGV - Rio, Consultant Economical, Financial and of Computer science, specialized in analysis and development of projects, of costs and of computer systems, retired employee of the Bank of Brazil, where he/she worked for 26 years acting, among other, in the following areas/cargos: Analysis of Projects (GERFI/GEPRO); System and Analysis of Costs (COFIN); System and Elaboration of Budgets (CONOR); Management of the Financial Area (BB-BI); Financial Director of the Cobra Computadores; Consultantship to the Presidency (COTEC); Director Gerente of BAMB - Brasilian American Merchant Bank; and Attached Manager of the Agencies of Porto and Lisbon (Portugal). Titular Fiscal Counselor of Cia. Iguacu of Soluble Coffee, of abril/2001 the abril/2003. he/she Works now as consultant of FGV Projetos - Rio. Born:25/02/1951. 8 FEDERAL PUBLIC SERVICE CVM - SECURITIES COMMISSION ANNUAL INFORMATION BULLETIN - IAN 12/31/2003 01.01 - IDENTIFICATION 1 - CVM CODE 2 - NAME OF THE COMPANY 3 - TAXPAYER NO. 00043-4 Aracruz Celulose S.A. 42.157.511/0001-61 - -------------------------------------------------------------------------------- 02.02 - PROFESSIONAL EXPERIENCE AND ACADEMIC QUALIFICATIONS OF EACH BOARD MEMBER, FISCAL COUNCIL AND OFFICER 30. LUIZ COELHO REPIS Member of Fiscal Council of Aracruz Celulose S.A. since 29/04/2004. he/she is also consultant of the company Collects Technology from July of 2001. It was auditor of Brasil S.A.'S Bank in the period of July from 1994 to April of 2001, where it accomplished auditings in the agencies of the Bank of Brazil of Los Angeles, San Francisco, New York, Paris, Vienna, London and in the offices of Washington and BB Securities in London. Formed in Accounting Cicencias by Faculdade Moraes Junior, with MBA in Fianancas for IBMEC, Auditing for USP - FIPECAFI - SP, Specialization in External Trade, Auditing and International Relationships for the FROM CEFOR - BB, in Finances - derivative market - for BMF-RJ, Finance-income Fastens - for the Auditing - Finance market and Languages for the University of Cambridge - BEC2. Other formation courses in Right - Relationships Juridical-negotiate for DESED CEFOR-BB, Finances - Administration of Liquidity in Banks for ANDIMA-RJ and Bail-administration of Risk of the Instituicoes Fianceiras for FEBRABAN-SP. MEMBERS OF THE MANAGEMENT: 31. CARLOS AUGUSTO LIRA AGUIAR. Mr. Aguiar became President of the Company on April 17, 1998. He has been an Officer of the Company since October 25, 1985 and he was a Vice President from April 1993 to April 17, 1998. Due to the resignation of Mr. Armando da Silva Figueira as President, effective at February 11, 1993, Mr. Aguiar was also the Acting President from such date until November 16, 1993. Since 1981, Mr. Aguiar has held various managerial positions with the operations department of the Company. 32. WALTER LIDIO NUNES Chief Officer of Aracruz Celulose S.A. since MaY 27, 1998. Since 1977 has held various managerial positions with's the industrial area. He is graduate Engeneer at PUC University Rio Grande do Sul. also he is Specializzed in managment. Born October 1st, 1948. 33. JOAO FELIPE CARSALADE Chief Commercial Officer of Aracruz Celulose S.A. since September 6, 1993. graduated in Commercial Department of Aracruz Celulose S.A.. He was General Manager of Sales before his nomination to be Chief Commercial Officer. Business Administration, Political Sciences School, Rio de Janeiro. Born September14, 1945. 30. ISAC ROFFE ZAGURY Financial director of Aracruz Celulose S.A since 06/06/2003. it Occupied several executive functions in BNDES since 1979, Director in 2000 and Vice Presidente in 2002. In 1999, it was attached secretary of National Treasury. Economist with master's degree for the Papal Catholic University of Rio de Janeiro. Born: June 03, 1951. * * * 9 FEDERAL PUBLIC SERVICE CVM - SECURITIES COMMISSION ANNUAL INFORMATION BULLETIN - IAN 12/31/2003 01.01 - IDENTIFICATION 1 - CVM CODE 2 - NAME OF THE COMPANY 3 - TAXPAYER NO. 00043-4 Aracruz Celulose S.A. 42.157.511/0001-61 - --------------------------------------------------------------------------------
03.01 - EVENTS RELANTED TO DISTRIBUTION OF CAPITAL 1 - BASE EVENT 2 - DATE OF EVENT 3 - INDIVIDUALS & CORPORATIONS 4 - INSTITUCIONAL INVESTORS AGO/E 04/29/2004 3,794 402 5 - SHAREHOLDERS' AGREEMENT 6 - PREFERRED VOTING STOCK Yes No 7 - CUMULATIVE PREFERRED SHARES 8 - DATES FROM THE LAST AGREEMENT OF SHAREHOLDERS 02/05/2003 STOCKS IN CIRCULATION IN THE MARKET COMMON STOCK PREFERRED STOCK 9 -AMOUNT (UNIT) 10 - PERCENTAGE 11 -AMOUNT (UNIT) 12 - PERCENTAGE 15,402.967 3.38 445,795,146 77.24 TOTAL 13 -AMOUNT (UNIT) 14 - PERCENTAGE 461,198,113 44.67
03.02 - STOCKHOLDER STRUCTURE OF THE SHAREHOLDERS WITH OVER 5% OF VOTING STOCK 1 - ITEM 2 - NAME 3 - TAXPAYER 4 - 5 - STATE COMMON STOCK PREFERRED STOCK NO./CPF NATIONALITY 6 - QU'TY 7 - % 8 - QU'TY 9 - % (000) (000) 01 Newark Financial Inc. - B.V. Islands - 127,507 28.00 - - 02 Arainvest Participacoes 06.139.408/0001-25 Brazilian SP 127,507 28.00 S.A. 03 Arapar S.A. 29.282.803/0001-68 Brazilian RJ 127,494 28.00 - - 04 BNDES Participacoes S.A.00.383.281/0001-09 Brazilian RJ 56,881 12.49 44,162 7,65 05 Lorentzen 33.107.533/0001-26 Brazilian RJ 12 0.00 Empreendimentos 97 Treasuary Stock - - - 483 0.11 1,378 0.24 98 Others - - - 15,507 3.40 531,623 92.11 99 Total 455,391 100.00 577,163 100.00 Table Continued 1 - ITEM 2 - NAME TOTAL SHARES 12 - DATE OF 13 - PARTICIPATES IN THE 14 - 10 - QU'TY 11-% CAPITAL AGREEMENT Stockholder (000) COMPOSITION OF SHAREHOLDERS 01 Newark Financial Inc. 127,507 12.35 04/30/2004 Yes Yes 02 Arainvest Participacoes 127,507 12.35 04/30/2004 Yes Yes S.A. 127,494 12.35 04/30/2004 Yes Yes 03 Arapar S.A. 101,043 9.78 04/30/2004 Yes Yes 04 BNDES Participacoes S.A. 12 0.00 04/30/2004 Yes Yes 05 Lorentzen 1,861 0.18 Empreendimentos 97 Treasuary Stock 547,130 52.99 98 Others 1,032,554 100.00 99 Total
10 FEDERAL PUBLIC SERVICE CVM - SECURITIES COMMISSION ANNUAL INFORMATION BULLETIN - IAN 12/31/2003 01.01 - IDENTIFICATION 1 - CVM CODE 2 - NAME OF THE COMPANY 3 - TAXPAYER NO. 00043-4 Aracruz Celulose S.A. 42.157.511/0001-61 - --------------------------------------------------------------------------------
03.03 - DISTRIBUTION OF REGISTERED CORPORATE CAPITAL OF CONTROLLING COMPANIES DOWN TO INDIVIDUAL LEVEL 1 - ITEM 02 - Name of THE holding company/ investor 2 - DATE OF CAPITAL COMPOSITION 01 Newark Financial Inc. 04/30/2004 1 - ITEM 2 - NAME 3 - TAXPAYER NO. 4 - NATIONALITY 5 - STATE 0101 VCP Exportadora e Participacoes S.a. 04.200.577-0001/27 Brazilian SP 0199 Total Table Continued 1 - ITEM 2 - NAME COMMON STOCK PREFERRED STOCK TOTAL SHARES 6 - QU'TY 7 - % 8 - QU'TY 9 - % 10 - QU'TY 11 - % 0101 VCP Exportadora e Participacoes S.a. 50,000 100.00 50,000 100.00 0199 Total 50,000 100,00 50,000 100,00 1 - ITEM 02 - Name of THE holding company/ investor 0101 VCP Exportadora e Participacoes S.a 1 - ITEM 2 - NAME 3 - TAXPAYER NO. 4 - NATIONALITY 010101 VCP Votorantim Celulose e Papel S.A. 60.643.228-0001/21 Brazilian 010199 Total Table Continued 2 - DATE OF CAPITAL COMPOSITION 04/30/2004 1 - ITEM 2 - NAME 5 - STATE COMMON STOCK PREFERRED STOCK TOTAL SHARES 6 - QU'TY 7 - % 8 - QU'TY 9 - % 10 - QU'TY 11 - % 010101 VCP Votorantim Celulose e Papel S.A. SP 70,200,100 100.00 70,200,100 100.00 010199 Total 70,200,100 100,00 70,200,100 100,00
11 FEDERAL PUBLIC SERVICE CVM - SECURITIES COMMISSION ANNUAL INFORMATION BULLETIN - IAN 12/31/2003 01.01 - IDENTIFICATION 1 - CVM CODE 2 - NAME OF THE COMPANY 3 - TAXPAYER NO. 00043-4 Aracruz Celulose S.A. 42.157.511/0001-61 - -------------------------------------------------------------------------------- 03.03 - DISTRIBUTION OF REGISTERED CORPORATE CAPITAL OF CONTROLLING COMPANIES DOWN TO INDIVIDUAL LEVEL
1 - ITEM 02 - Name of THE holding company/ investor 010101 Votorantim Celulose e Papel S.A. 1 - ITEM 2 - NAME 3 - TAXPAYER NO. 4 - 5 - STATE NATIONALITY 01010101 Votocel Filmes Flexiveis Ltda 61.397.246/0001-33 Brazilian SP 01010102 Nova HPI Participacoes 65.785.669/0001-81 Brazilian SP 01010103 Acoes em Condominio 01010105 Outros 01010106 Acoes em Tesouraria 01010104 BNDES Participacoes S.A. - BNDESPAR 00.383.281/0001-09 Brazilian RJ 01010199 Total
Table Continued
1 - ITEM 2 - NAME 2 - DATE OF CAPITAL COMPOSITION 04/30/2004 01010101 Votocel Filmes Flexiveis Ltda COMMON STOCK PREFERRED STOCK TOTAL SHARES 6 - QU'TY 7 - % 8 - QU'TY 9 - % 10 - QU'TY 11 - % 01010102 Nova HPI Participacoes 18,804,569,388 88.95 0 0.00 18,804,569,388 49.07 01010103 Acoes em Condominio 2,335,920,930 11.05 0 0.00 2,335,920,930 6.10 01010105 Outros 3 0.00 0 0.00 3 0.00 01010106 Acoes em Tesouraria 0 0.00 15,705,338,445 91.40 15,705,338,445 40,98 01010104 BNDES Participacoes S.A. - BNDESPAR 0 0.00 1,579,996 0.01 1,579,996 0.00 01010199 Total 0 0.00 1,475,290,791 8.59 1,475,290,791 3.85 21,140,490,321 100.000 17,182,209,232 100.00 38,322,699,553 100,00
1 - ITEM 02 - Name of THE holding company/ investor 01010101 Votocel Filmes Flexiveis Ltda 1 - ITEM 2 - NAME 3 - TAXPAYER NO. 4 - 5 - STATE NATIONALITY 0101010101 Votorqantim Participacoes S.A. 61.082.582/0001-97 Brazilian SP 0101001102 Hejoassu Administracao Ltda 61.194.148/0001-07 Brazilian SP 0101010199 Total Table Continued 1 - ITEM 2 - NAME 2 - DATE OF CAPITAL COMPOSITION 04/30/2004 COMMON STOCK PREFERRED STOCK TOTAL SHARES 0101010101 Votorqantim Participacoes S.A. 6 - QU'TY 7 - % 8 - QU'TY 9 - % 10 - QU'TY 11 - % 0101001102 Hejoassu Administracao Ltda 5,018,348 100.00 5,018,348 100.00 0101010199 Total 1 0.00 1 0.00 5,018,349 100.00 5,018,349 100.00
12 FEDERAL PUBLIC SERVICE CVM - SECURITIES COMMISSION ANNUAL INFORMATION BULLETIN - IAN 12/31/2003 01.01 - IDENTIFICATION 1 - CVM CODE 2 - NAME OF THE COMPANY 3 - TAXPAYER NO. 00043-4 Aracruz Celulose S.A. 42.157.511/0001-61 - -------------------------------------------------------------------------------- 03.03 - DISTRIBUTION OF REGISTERED CORPORATE CAPITAL OF CONTROLLING COMPANIES DOWN TO INDIVIDUAL LEVEL
1 - ITEM 02 - Name of THE holding company/ investor 0101010101 Votorantim Participacoes S.A. 1 - ITEM 2 - NAME 3 - TAXPAYER NO. 4 - 5 - STATE COMMON STOCK NATIONALITY 6 - QU'TY 7 - % 010101010101 Hejoassu Administracao Ltda 61.194.148/0001-07 Brazilian SP 4,039,553,777 98.16 010101010102 Jose Ermirio de Moraes Filho-Espolio 039.682.948-15 Brazilian SP 19,026,623 0.46 010101010103 Antonio Ermirio de Moraes 004.806.578-15 Brazilian SP 19,026,623 0.46 010101010104 Ermirio Pereira de Moraes 499.217.118-49 Brazilian RJ 19,026,623 0.46 010101010105 Maria Helena Moraes Scripillitti 174.502.828-52 Brazilian SP 19,026,623 0.46 010101010199 Total 4,115,660,269 100.00 Table Continued 2 - DATE OF CAPITAL COMPOSITION 04/30/2004 1 - ITEM 2 - NAME PREFERRED STOCK TOTAL SHARES 8 - QU'TY 9 - % 10 - QU'TY 11 - % 010101010101 Hejoassu Administracao Ltda 4,039,553,777 98.16 010101010102 Jose Ermirio de Moraes Filho-Espolio 19,026,623 0.46 010101010103 Antonio Ermirio de Moraes 19,026,623 0.46 010101010104 Ermirio Pereira de Moraes 19,026,623 0.46 010101010105 Maria Helena Moraes Scripillitti 19,026,623 0.46 010101010199 Total 4,115,660,269 100,00
1 - ITEM 02 - Name of THE holding company/ investor 0101010103 Hejoassu Administracao Ltda 1 - ITEM 2 - NAME 3 - TAXPAYER NO. 4 - 5 - STATE COMMON STOCK NATIONALITY 6 - QU'TY 7 - % 010101010301 Jose Ermirio de Moraes Filho - Espolio 039.682.948-15 Brazilian SP 400,000 25.00 010101010302 AEM Participacoes S.A. 05.062.403/0001-89 Brazilian SP 400,000 25.00 010101010303 ERMAN Participacoes S.A. 05.062.376/0001-44 Brazilian SP 400,000 25.00 010101010304 MRC Participacoes S.A. 05.062.355/0001-29 Brazilian RJ 400,000 25.00 010101010399 Total Brazilian SP 1,600,000 100.00 Table Continued 1 - ITEM 2 - NAME 2 - DATE OF CAPITAL COMPOSITION 04/30/2004 PREFERRED STOCK TOTAL SHARES 010101010301 Jose Ermirio de Moraes Filho - Espolio 8 - QU'TY 9 - % 10 - QU'TY 11 - % 010101010302 AEM Participacoes S.A. 400,000 25.00 010101010303 ERMAN Participacoes S.A. 400,000 25.00 010101010304 MRC Participacoes S.A. 400,000 25.00 010101010399 Total 400,000 25.00 1,600,000 100.00
13 FEDERAL PUBLIC SERVICE CVM - SECURITIES COMMISSION ANNUAL INFORMATION BULLETIN - IAN 12/31/2003 01.01 - IDENTIFICATION 1 - CVM CODE 2 - NAME OF THE COMPANY 3 - TAXPAYER NO. 00043-4 Aracruz Celulose S.A. 42.157.511/0001-61 - --------------------------------------------------------------------------------
03.03 - DISTRIBUTION OF REGISTERED CORPORATE CAPITAL OF CONTROLLING COMPANIES DOWN TO INDIVIDUAL LEVEL 1 - ITEM 02 - Name of THE holding company/ investor 010101010302 AEM Participacoes S.A. 1 - ITEM 2 - NAME 3 - TAXPAYER NO. 4 - 5 - STATE COMMON STOCK NATIONALITY 6 - QU'TY 7 - % 01010101030201 Antonio Ermirio de Moraes Brazilian SP 1 0.00 01010101030202 Antonio Ermirio de Moras Filho Brazilian SP 76.081.011 11.12 01010101030203 Carlos Ermirio de Moraes Brazilian SP 76.081.011 11.11 01010101030204 Mario Ermirio de Moraes Brazilian SP 76.081.011 11.11 01010101030205 Luiz Ermirio de Moraes Brazilian SP 76.081.011 11.11 01010101030206 Rubens Ermirio de Moraes Brazilian SP 76.081.011 11.11 01010101030207 Rosa Helena Costa de Moraes Macedo Brazilian SP 76.081.011 11.11 01010101030208 Vera Regina Costa Moraes Brazilian SP 76.081.011 11.11 01010101030209 Maria Lucia Costa Moraes Menezes Brazilian SP 76.081.011 11.11 01010101030210 Maria Regina Ermirio de Moraes Waib Brazilian SP 76.081.011 11.11 01010101030211 JEMFParticipacoes S.A 05.062.394/0001-26 Brazilian SP 0,00 0.00 01010101030212 ERMAN Participacoes S.A. 05.062.376/0001-44 Brazilian SP 0,00 0.00 01010101030213 MRC Participacoes S.A. 05.062.355/0001-29 Brazilian SP 0,00 0.00 01010101030299 Total 684,729,100 100.00 Table Continued 2 - DATE OF CAPITAL COMPOSITION 04/30/2004 1 - ITEM 2 - NAME PREFERRED STOCK TOTAL SHARES 8 - QU'TY 9 - % 10 - QU'TY 11 - % 01010101030201 Antonio Ermirio de Moraes 0,00 0.00 1 0.00 01010101030202 Antonio Ermirio de Moras Filho 0,00 0.00 76.081.011 11.12 01010101030203 Carlos Ermirio de Moraes 0,00 0.00 76.081.011 11.11 01010101030204 Mario Ermirio de Moraes 0,00 0.00 76.081.011 11.11 01010101030205 Luiz Ermirio de Moraes 0,00 0.00 76.081.011 11.11 01010101030206 Rubens Ermirio de Moraes 0,00 0.00 76.081.011 11.11 01010101030207 Rosa Helena Costa de Moraes Macedo 0,00 0.00 76.081.011 11.11 01010101030208 Vera Regina Costa Moraes 0,00 0.00 76.081.011 11.11 01010101030209 Maria Lucia Costa Moraes Menezes 0,00 0.00 76.081.011 11.11 01010101030210 Maria Regina Ermirio de Moraes Waib 0,00 0.00 76.081.011 11.11 01010101030211 JEMFParticipacoes S.A 300 33.33 300 0.00 01010101030212 ERMAN Participacoes S.A. 300 33.33 300 0.00 01010101030213 MRC Participacoes S.A. 300 33.34 300 0.00 01010101030299 Total 900 100.00 684,730,000 100.00
14 FEDERAL PUBLIC SERVICE CVM - SECURITIES COMMISSION ANNUAL INFORMATION BULLETIN - IAN 12/31/2003 01.01 - IDENTIFICATION 1 - CVM CODE 2 - NAME OF THE COMPANY 3 - TAXPAYER NO. 00043-4 Aracruz Celulose S.A. 42.157.511/0001-61 - --------------------------------------------------------------------------------
1 - ITEM 02 - Name of THE holding company/ investor 01010101031 JEMF Participacoes S.A. 1 - ITEM 2 - NAME 3 - TAXPAYER NO. 4 - 5 - STATE COMMON STOCK NATIONALITY 6 - QU'TY 7 - % 8 - QU'TY 01010101031101 Jose Ermirio de Moraes Neto Brazilian SP 3,500 33.33 01010101031102 Jose Roberto Ermirio de Moraes Brazilian SP 3,500 33.34 01010101031103 Neide Helena de Moraes Brazilian SP 3,500 33.33 01010101031104 AEMParticipacoes S.A 05.062.403/0001-89 Brazilian SP 0,00 0.00 01010101031105 ERMAN Participacoes S.A. 05.062.376/0001-44 Brazilian SP 0,00 0.00 01010101031106 MRC Participacoes S.A. 05.062.355/0001-29 Brazilian SP 0,00 0.00 01010101031199 Total 10,500 100.00 Table Continued 2 - DATE OF CAPITAL COMPOSITION 04/30/2004 1 - ITEM 2 - NAME PREFERRED STOCK TOTAL SHARES 9 - % 10 - QU'TY 11 - % 01010101031101 Jose Ermirio de Moraes Neto 3,500 33.30 01010101031102 Jose Roberto Ermirio de Moraes 3,500 33.30 01010101031103 Neide Helena de Moraes 3,500 33.30 01010101031104 AEMParticipacoes S.A 4 33.33 4 0.04 01010101031105 ERMAN Participacoes S.A. 4 33.33 4 0.03 01010101031106 MRC Participacoes S.A. 4 33.34 4 0.03 01010101031199 Total 12 100.00 10,512 100.00
1 - ITEM 02 - Name of THE holding company/ investor 010101010303 ERMAN Participacoes S.A. 1 - ITEM 2 - NAME 3 - TAXPAYER NO. 4 - 5 - STATE COMMON STOCK NATIONALITY 6 - QU'TY 7 - % 8 - QU'TY 01010101030301 Ermirio Pereira de Moraes Brazilian SP 97,818,448 14.29 01010101030302 Ricardo Ermirio de Moraes Brazilian SP 97,818,442 14.29 01010101030303 Fabio Ermirio de Moraes Brazilian SP 97,818,442 14.29 01010101030304 Marcos Ermirio de Moraes SP 97,818,442 14.29 01010101030305 Claudio Ermirio de Moraes SP 97,818,442 14.29 01010101030306 Lucinana de Moraes Ulhoa Rodrigues SP 97,818,442 14.28 01010101030307 Ana Paula de Oliveira Moraes SP 97,818,442 14.28 01010101030308 JEMF Participacoes S.A 05.062.394/0001-26 Brazilian SP 0,00 0.00 01010101030309 AEM Participacoes S.A 05.062.403/0001-89 Brazilian SP 0,00 0.00 01010101030310 MRC Participacoes S.A. 05.062.355/0001-29 Brazilian SP 0,00 0.00 01010101030399 Total 684,729,100 100.00 Table Continued 2 - DATE OF CAPITAL COMPOSITION 04/30/2004 1 - ITEM 2 - NAME PREFERRED STOCK TOTAL SHARES 9 - % 10 - QU'TY 11 - % 01010101030301 Ermirio Pereira de Moraes 0,00 0.00 97,818,448 14.29 01010101030302 Ricardo Ermirio de Moraes 0,00 0.00 97,818,442 14.29 01010101030303 Fabio Ermirio de Moraes 0,00 0.00 97,818,442 14.29 01010101030304 Marcos Ermirio de Moraes 0,00 0.00 97,818,442 14.29 01010101030305 Claudio Ermirio de Moraes 0,00 0.00 97,818,442 14.29 01010101030306 Lucinana de Moraes Ulhoa Rodrigues 0,00 0.00 97,818,442 14.28 01010101030307 Ana Paula de Oliveira Moraes 0,00 0.00 97,818,442 14.28 01010101030308 JEMF Participacoes S.A 300 33.33 300 0.00 01010101030309 AEM Participacoes S.A 300 33.33 300 0.00 01010101030310 MRC Participacoes S.A. 300 33.34 300 0.00 01010101030399 Total 900 100.00 684,730,000 100.00
15 FEDERAL PUBLIC SERVICE CVM - SECURITIES COMMISSION ANNUAL INFORMATION BULLETIN - IAN 12/31/2003 01.01 - IDENTIFICATION 1 - CVM CODE 2 - NAME OF THE COMPANY 3 - TAXPAYER NO. 00043-4 Aracruz Celulose S.A. 42.157.511/0001-61 - --------------------------------------------------------------------------------
1 - ITEM 02 - Name of THE holding company/ investor 010101010304 MRC Participacoes S.A. 1 - ITEM 2 - NAME 3 - TAXPAYER NO. 4 - 5 - STATE COMMON STOCK NATIONALITY 6 - QU'TY 7 - % 8 - QU'TY 01010101030401 Clovis Ermirio de Moraes Scripilliti Brazilian SP 171,182,275 25.00 01010101030402 Carlos Eduardo de Moraes Scripilliti Brazilian SP 171,182,275 25.00 01010101030403 Regina Helena Scripilliti Veloso Brazilian SP 171,182,275 25.00 01010101030404 Maria Helena de Moraes S. Noschese Brazilian SP 171,182,275 25.00 01010101030405 JEMF Participacoes S.A 05.062.394/0001-26 Brazilian SP 0,00 0.00 01010101030406 AEM Participacoes S.A 05.062.403/0001-89 Brazilian SP 0,00 0.00 01010101030407 ERMAN Participacoes S.A. 05.062.376/0001-44 Brazilian SP 0,00 0.00 01010101030499 Total 684,729,100 100.00 Table Continued 2 - DATE OF CAPITAL COMPOSITION 04/30/2004 1 - ITEM 2 - NAME PREFERRED STOCK TOTAL SHARES 9 - % 10 - QU'TY 11 - % 01010101030401 Clovis Ermirio de Moraes Scripilliti 0,00 0.00 171,182,275 25.00 01010101030402 Carlos Eduardo de Moraes Scripilliti 0,00 0.00 171,182,275 25.00 01010101030403 Regina Helena Scripilliti Veloso 0,00 0.00 171,182,275 25.00 01010101030404 Maria Helena de Moraes S. Noschese 0,00 0.00 171,182,275 25.00 01010101030405 JEMF Participacoes S.A 300 33.33 300 0.00 01010101030406 AEM Participacoes S.A 300 33.33 300 0.00 01010101030407 ERMAN Participacoes S.A. 300 33.34 300 0.00 01010101030499 Total 900 100.00 684,730,000 100.00
1 - ITEM 02 - Name of THE holding company/ investor 01010102 Nova HPI Participacoes Ltda 1 - ITEM 2 - NAME 3 - TAXPAYER NO. 4 - 5 - STATE COMMON STOCK NATIONALITY 6 - QU'TY 7 - % 8 - QU'TY 0101010201 Votorantim participacoes S.A. 61.082.582/0001-97 Brazilian SP 7,212,408 100.00 0101010202 Hejoassu Administracao Ltda 61.194.148/0001-07 Brazilian SP 1 0.00 0101010299 Total Brazilian SP 7,212,409 100.00 Table Continued 2 - DATE OF CAPITAL COMPOSITION 04/30/2004 1 - ITEM 2 - NAME PREFERRED STOCK TOTAL SHARES 9 - % 10 - QU'TY 11 - % 0101010201 Votorantim participacoes S.A. 7,212,408 100.00 0101010202 Hejoassu Administracao Ltda 1 0.00 0101010299 Total 7,212,409 100.00
16 FEDERAL PUBLIC SERVICE CVM - SECURITIES COMMISSION ANNUAL INFORMATION BULLETIN - IAN 12/31/2003 01.01 - IDENTIFICATION 1 - CVM CODE 2 - NAME OF THE COMPANY 3 - TAXPAYER NO. 00043-4 Aracruz Celulose S.A. 42.157.511/0001-61 - --------------------------------------------------------------------------------
03.03 - DISTRIBUTION OF REGISTERED CORPORATE CAPITAL OF CONTROLLING COMPANIES DOWN TO INDIVIDUAL LEVEL 1 - ITEM 02 - Name of THE holding company/ investor 0101010201 Votorantim PArticipacoes S.A. 1 - ITEM 2 - NAME 3 - TAXPAYER NO. 4 - 5 - STATE COMMON STOCK NATIONALITY 6 - QU'TY 7 - % 8 - QU'TY 010101020101 Hejoassu Administracao Ltda 61.194.148/0001-07 Brazilian SP 4,039,553,777 98.16 010101020102 Jose Ermirio de Moraes Filho - Espolio 039.682.948-15 Brazilian SP 19,026,623 0.46 010101020103 Antonio Ermirio de Moraes 004.806.578-15 Brazilian SP 19,026,623 0.46 010101020104 Ermirio Pereira de Moraes 499.217.118-49 Brazilian SP 19,026,623 0.46 010101020105 Maria Helena Moras Scripilliti 174.502.828-52 Brazilian SP 19,026,623 0.46 010101020199 Total 4,15,60,269 100.00 Table Continued 2 - DATE OF CAPITAL COMPOSITION 04/30/2004 1 - ITEM 2 - NAME PREFERRED STOCK TOTAL SHARES 9 - % 10 - QU'TY 11 - % 010101020101 Hejoassu Administracao Ltda 4,039,553,777 98.16 010101020102 Jose Ermirio de Moraes Filho - Espolio 19,026,623 0.46 010101020103 Antonio Ermirio de Moraes 19,026,623 0.46 010101020104 Ermirio Pereira de Moraes 19,026,623 0.46 010101020105 Maria Helena Moras Scripilliti 19,026,623 0.46 010101020199 Total 4,15,60,269 100.00
1 - ITEM 02 - Name of THE holding company/ investor 02 Arainvest Participacoes S.A. 1 - ITEM 2 - NAME 3 - TAXPAYER NO. 4 - NATIONALITY 5 - STATE COMMON STOCK 6 - QU'TY 7 - % 0201 Joseph Yacoub Safra 006.062.278-49 Brazilian SP 39,999 49.99 0202 Moise Yacoub Safra 006.062.198-20 Brazilian SP 39,999 49.99 0203 Others - - - 2 0.02 0299 Total 80,000 100.00 Table Continued 2 - DATE OF CAPITAL COMPOSITION 04/30/2004 1 - ITEM 2 - NAME PREFERRED STOCK TOTAL SHARES 8 - QU'TY 9 - % 10 - QU'TY 11 - % 0201 Joseph Yacoub Safra 9,996 49.98 49,995 49.99 0202 Moise Yacoub Safra 9,996 49.98 49,995 49.99 0203 Others 8 0.04 10 0.02 0299 Total 20,000 100.00 100,000 100.00
17 FEDERAL PUBLIC SERVICE CVM - SECURITIES COMMISSION ANNUAL INFORMATION BULLETIN - IAN 12/31/2003 01.01 - IDENTIFICATION 1 - CVM CODE 2 - NAME OF THE COMPANY 3 - TAXPAYER NO. 00043-4 Aracruz Celulose S.A. 42.157.511/0001-61 - --------------------------------------------------------------------------------
03.03 - DISTRIBUTION OF REGISTERED CORPORATE CAPITAL OF CONTROLLING COMPANIES DOWN TO INDIVIDUAL LEVEL 1 - ITEM 02 - Name of THE holding company/ investor 03 Arapar S.A. 1 - ITEM 2 - NAME 3 - TAXPAYER NO. 4 - NATIONALITY 5 - STATE 0301 Lorenpar S.A. 29.302.148/0001-62 Brazilian RJ 0302 ESL Empreendimentos 06.088.097/0001-12 Brazilian RJ 0399 Total Table Continued 2 - DATE OF CAPITAL COMPOSITION 04/30/2004 1 - ITEM 2 - NAME COMMON STOCK PREFERRED STOCK TOTAL SHARES 6 - QU'TY 7 - % 8 - QU'TY 9 - % 10 - QU'TY 11 - % 0301 Lorenpar S.A. 747,051,991 80.00 - - 747,051,991 80.00 0302 ESL Empreendimentos 186,762,998 20.00 - - 186,762,998 20.00 0399 Total 933,814,989 100.00 - - 933,814,989 100.00
1 - ITEM 02 - Name of THE holding company/ investor 0301 Lorenpar S.A. 1 - ITEM 2 - NAME 3 - TAXPAYER NO. 4 - NATIONALITY 5 - STATE 030101 Fort James International Holdings Ltd. - American - 030102 Vitoria Participacoes S.A. 68.622.505/0001-21 Brazilian RJ- 030103 Lorentzen Empreendimentos S.A. 33.107.533/0001-26 Brazilian RJ 030104 Others - - - 030105 ESL Empreendimentos 06.088.097/0001-12 Brazilian RJ 030199 Total Table Continued 2 - DATE OF CAPITAL COMPOSITION 04302004 1 - ITEM 2 - NAME COMMON STOCK PREFERRED STOCK TOTAL SHARES 6 - QU'TY 7 - % 8 - QU'TY 9 - % 10 - QU'TY 11 - % 030101 Fort James International Holdings Ltd. 20,292,993 2.72 38,655,960 5.18 58,948,953 3.95 030102 Vitoria Participacoes S.A. 70,087,746 9.40 70,087,746 9.40 140,175,492 9.40 030103 Lorentzen Empreendimentos S.A. 498,297,043 66.84 335,068,563 44.95 833,365,606 55.89 030104 Others 26,002,496 3.49 52,506,089 7.05 78,508,585 5.28 030105 ESL Empreendimentos 130,802,258 17.55 249,164,178 33.42 379,966,436 25.48 030199 Total 745,482,536 100.00 745,482,536 100.00 1,490,965,072 100.00
18 FEDERAL PUBLIC SERVICE CVM - SECURITIES COMMISSION ANNUAL INFORMATION BULLETIN - IAN 12/31/2003 01.01 - IDENTIFICATION 1 - CVM CODE 2 - NAME OF THE COMPANY 3 - TAXPAYER NO. 00043-4 Aracruz Celulose S.A. 42.157.511/0001-61 - --------------------------------------------------------------------------------
1 - ITEM 02 - Name of THE holding company/ investor 030101 Fort James International Holdings Ltd 1 - ITEM 2 - NAME 2 - TAXPAYER NO. 3 - NATIONALITY 4 - STATE 5 - COMMON STOCK 6 - QU'TY 7 - % 03010101 Fort James Corporation - American - 1,000 88.81 03010102 Fort James Operating Company - American - 126 11.19 03010199 Total 1,126 100,00 Table Continued 2 - DATE OF CAPITAL COMPOSITION 04/30/2004 1 - ITEM 2 - NAME 6 - PREFERRED STOCK 7 - TOTAL SHARES 8 - QU'TY 9 - % 10 - QU'TY % 03010101 Fort James Corporation - - 1,000 88.81 03010102 Fort James Operating Company - - 126 11.19 03010199 Total - - 1,126 100,00
19 FEDERAL PUBLIC SERVICE CVM - SECURITIES COMMISSION ANNUAL INFORMATION BULLETIN - IAN 12/31/2003 01.01 - IDENTIFICATION 1 - CVM CODE 2 - NAME OF THE COMPANY 3 - TAXPAYER NO. 00043-4 Aracruz Celulose S.A. 42.157.511/0001-61 - -------------------------------------------------------------------------------- 03.03 - DISTRIBUTION OF REGISTERED CORPORATE CAPITAL OF CONTROLLING COMPANIES DOWN TO INDIVIDUAL LEVEL 1 - ITEM 02 - Name of THE holding company/ investor 030102 Vitoria Participacoes S.A.
1 - ITEM 2 - NAME 2 - TAXPAYER NO. 3 - NATIONALITY 4 - STATE 5 - COMMON STOCK 6 - QU'TY 7 - % 03010201 DnB Invest Holdings A/S Norwegian 188,644,371 99.99 03010202 Outros 5,000 0.01 03010299 Total 188,649,371 100,00 Table Continued 2 - DATE OF CAPITAL COMPOSITION 04/30/2004 1 - ITEM 2 - NAME 6 - PREFERRED STOCK 7 - TOTAL SHARES 8 - QU'TY 9 - % 10 - QU'TY % 03010201 DnB Invest Holdings A/S 188,644,371 99.99 03010202 Outros 5,000 0.01 03010299 Total - - 188,649,371 100,00
1 - ITEM 02 - Name of THE holding company/ investor 03010201 DnB Invest Holdings A/S 1 - ITEM 2 - NAME 2 - TAXPAYER NO. 3 - NATIONALITY 4 - STATE 5 - COMMON STOCK 6 - QU'TY 7 - % 03010201 Den Norske Bank ASA Norwegian 200,000 100.00 03010299 Total 200,000 100.00 Table Continued 2 - DATE OF CAPITAL COMPOSITION 04/30/2004 1 - ITEM 2 - NAME 6 - PREFERRED STOCK 7 - TOTAL SHARES 8 - QU'TY 9 - % 10 - QU'TY % 03010201 Den Norske Bank ASA 200,000 100.00 03010299 Total 200,000 100.00
20 FEDERAL PUBLIC SERVICE CVM - SECURITIES COMMISSION ANNUAL INFORMATION BULLETIN - IAN 12/31/2003 01.01 - IDENTIFICATION 1 - CVM CODE 2 - NAME OF THE COMPANY 3 - TAXPAYER NO. 00043-4 Aracruz Celulose S.A. 42.157.511/0001-61 - -------------------------------------------------------------------------------- 03.03 - DISTRIBUTION OF REGISTERED CORPORATE CAPITAL OF CONTROLLING COMPANIES DOWN TO INDIVIDUAL LEVEL
1 - ITEM 02 - Name of THE holding company/ investor 030103 Lorentzen Empreendimentos S.A. 1 - ITEM 2 - NAME 3 - TAXPAYER NO./CPF 4 - NATIONALITY 5 - STATE 6 - COMMON STOCK 6 - QU'TY 7 - % 03010301 Norbrasa Empreendimentos S.A. 30.927.925/0001-43 Brazilian RJ 39,069,001 42.57 03010302 Oivind Harald Lorentzen 691.392.537-91 North-American - 9,674,206 10.54 03010303 Vertex Participacoes S.A. 31.135.387/0001-17 Brazilian RJ 14,785,714 16.11 03010304 Brasvest Holding S.A. - Luxemburger - 4,921,097 5.36 03010305 Den Norske Bank - Norwegian - 0,00 0.00 03010306 Per Arne Estate - North-American - 2,506,222 2,73 03010307 Others - - - 3,837,843 4,19 03010308 Erling Sven Lorentzen 021.948.307-82 Norwegian - 7,807,917 8.50 03010309 Nebra Participacoes Ltdaq 04.418.550/0001-86 Brazilian SP 9,178,630 10.00 03010399 Total 91,780,630 100.00 Table Continued 2 - DATE OF CAPITAL COMPOSITION 04/30/2004 1 - ITEM 2 - NAME 7 - PREFERRED STOCK 8 - TOTAL SHARES 8 - QU'TY 9 - % 10 - QU'TY % 03010301 Norbrasa Empreendimentos S.A. 0,00 0.00 39,069,001 16.56 03010302 Oivind Harald Lorentzen 4.461,078 3.09 14,135,284 5,99 03010303 Vertex Participacoes S.A. 20,843,598 14.46 35,629,312 15.10 03010304 Brasvest Holding S.A. 24,702,697 17.13 29,623,794 12.56 03010305 Den Norske Bank 47.813,984 33.17 47.813,984 20.26 03010306 Per Arne Estate 16,612,193 11,52 19,118,415 8,10 03010307 Others 26,003,911 18,04 29,841,754 12,65 03010308 Erling Sven Lorentzen 0,00 0.00 7,807,917 3.31 03010309 Nebra Participacoes Ltdaq 3,732,352 2.59 12,910,982 5.47 03010399 Total 144,169,813 100.00 235,950,443 100.00
1 - ITEM 02 - Name of THE holding company/ investor 03010301 Norbrasa Empreendimentos S.A. 1 - ITEM 2 - NAME 2 - TAXPAYER NO./CPF 3 - NATIONALITY 4 - STATE5 - COMMON STOCK 6 - QU'TY 7 - % 0301030101 Erling Sven Lorentzen 021.948.307-82 Norwegian - 72,317,677 97,24 0301030103 Other - - - 2,055,210 2,76 0301030199 Total 74,372,887 100.00 Table Continued 2 - DATE OF CAPITAL COMPOSITION 04/30/2004 1 - ITEM 2 - NAME 6 - PREFERRED STOCK 7 - TOTAL SHARES 8 - QU'TY 9 - % 10 - QU'TY % 0301030101 Erling Sven Lorentzen - - 72,317,677 97,24 0301030103 Other - - 2,055,210 2,76 0301030199 Total - - 74,372,887 100.00
21 FEDERAL PUBLIC SERVICE CVM - SECURITIES COMMISSION ANNUAL INFORMATION BULLETIN - IAN 12/31/2003 01.01 - IDENTIFICATION 1 - CVM CODE 2 - NAME OF THE COMPANY 3 - TAXPAYER NO. 00043-4 Aracruz Celulose S.A. 42.157.511/0001-61 - -------------------------------------------------------------------------------- 03.03 - DISTRIBUTION OF REGISTERED CORPORATE CAPITAL OF CONTROLLING COMPANIES DOWN TO INDIVIDUAL LEVEL
1 - ITEM 02 - Name of THE holding company/ investor 03010304 Vertex Participacoes S.A. 1 - ITEM 2 - NAME 2 - TAXPAYER NO./CPF 3 - NATIONALITY 4 - STATE 5 - COMMON STOCK 6 - QU'TY 7 - % 0301030401 DnB Invest Holdings A/S Norwegian - 188,644,371 99.99 0301030402 Outros 5,000 0.01 0301030499 Total 188,649,371 100.00 Table Continued 2 - DATE OF CAPITAL COMPOSITION 04/30/2004 1 - ITEM 2 - NAME 6 - PREFERRED STOCK 7 - TOTAL SHARES 8 - QU'TY 9 - % 10 - QU'TY % 0301030401 DnB Invest Holdings A/S - - 188,644,371 99.99 0301030402 Outros - - 5,000 0.01 0301030499 Total - - 188,649,371 100.00
1 - ITEM 02 - Name of THE holding company/ investor 03010305 Bravest Holding S.A. 1 - ITEM 2 - NAME 2 - TAXPAYER NO./CPF 3 - NATIONALITY 4 - STATE 5 - COMMON STOCK 6 - QU'TY 7 - % 0301030501 Harald Ragnar Lie Norwegian - 1,230,275 25.00 0301030502 Ole Ragnar Lie Norwegian 1,230,275 25.00 0301030503 Einar Ragnar Lie Norwegian 1,230,274 25.00 0301030504 Oivind Ragnar Lie Norwegian 1,230,274 25.00 0301030599 Total 4,921,098 100.00 Table Continued 2 - DATE OF CAPITAL COMPOSITION 04/30/2004 1 - ITEM 2 - NAME 6 - PREFERRED STOCK 7 - TOTAL SHARES 8 - QU'TY 9 - % 10 - QU'TY % 0301030501 Harald Ragnar Lie 6,175,674 25.00 7,405,949 25.00 0301030502 Ole Ragnar Lie 6,175,674 25.00 7,405,949 25.00 0301030503 Einar Ragnar Lie 6,175,674 25.00 7,405,948 25.00 0301030504 Oivind Ragnar Lie 6,175,674 25.00 7,405,948 25.00 0301030599 Total 24,702,696 100.00 29,623,794 100.00
1 - ITEM 02 - Name of THE holding company/ investor 03010311 Nebra Participacoes Ltda
1 - ITEM 2 - NAME 2 - TAXPAYER NO./CPF 3 - NATIONALITY 4 - STATE 5 - COMMON STOCK 6 - QU'TY 7 - % 0301031101 New Era Development Co. Ltd Bermudas - 10,586,189 99.99 0301031102 Outros 100 0.01 0301031199 Total 10,586,289 100.00 2 - DATE OF CAPITAL COMPOSITION 04/30/2004 1 - ITEM 2 - NAME 6 - PREFERRED STOCK 7 - TOTAL SHARES 8 - QU'TY 9 - % 10 - QU'TY % 0301031101 New Era Development Co. Ltd - - 10,586,189 99.99 0301031102 Outros - - 100 0.01 0301031199 Total - - 10,586,289 100.00
22 FEDERAL PUBLIC SERVICE CVM - SECURITIES COMMISSION ANNUAL INFORMATION BULLETIN - IAN 12/31/2003 01.01 - IDENTIFICATION 1 - CVM CODE 2 - NAME OF THE COMPANY 3 - TAXPAYER NO. 00043-4 Aracruz Celulose S.A. 42.157.511/0001-61 - -------------------------------------------------------------------------------- 03.03 - DISTRIBUTION OF REGISTERED CORPORATE CAPITAL OF CONTROLLING COMPANIES DOWN TO INDIVIDUAL LEVEL
1 - ITEM 02 - Name of THE holding company/ investor 030105 ESL Empreendimentos S.A. 1 - ITEM 2 - NAME 2 - TAXPAYER NO./CPF 3 - NATIONALITY 4 - STATE 5 - COMMON STOCK 6 - QU'TY 7 - % 03010501 Nobrasa Empreendimentos S.A.. 30.927.925/0001-43 Brazilian RJ 25,500,000 51.00 03010502 Sao Teofilo Repres. Participacoes Ltda 03.214.652/0001-17 Brazilian 24,500,000 49.00 03010599 Total 50,000,000 100.00 Table Continued 2 - DATE OF CAPITAL COMPOSITION 04/30/2004 1 - ITEM 2 - NAME 6 - PREFERRED STOCK 7 - TOTAL SHARES 8 - QU'TY 9 - % 10 - QU'TY % 03010501 Nobrasa Empreendimentos S.A.. 20,300,000 40.60 45,800,000 45.80 03010502 Sao Teofilo Repres. Participacoes Ltda 29,700,000 59.40 54,200,000 54.20 03010599 Total 50,000,000 100.000 100,000,000 100.00
1 - ITEM 02 - Name of THE holding company/ investor 03010502 Sao Teofilo Representacoes e Participacoes Ltda 1 - ITEM 2 - NAME 2 - TAXPAYER NO./CPF 3 - NATIONALITY 4 - STATE 5 - COMMON STOCK 6 - QU'TY 7 - % 0301050201 Caminho Editorial Ltda 54.089.495/0001-04 Brazilian 73,118,965 50.00 0301050202 Icatu Holding S.A. 02.316.471/0001-39 Brazilian 26,809,875 18.33 0301050203 Nalbra S LLC 06.205.788/0001-59 Americana 46,309,090 31.67 0301050204 Outros 1,000 0.00 0301050299 Total 146,238,930 100.00 Table Continued 2 - DATE OF CAPITAL COMPOSITION 04/30/2004 1 - ITEM 2 - NAME 6 - PREFERRED STOCK 7 - TOTAL SHARES 8 - QU'TY 9 - % 10 - QU'TY % 0301050201 Caminho Editorial Ltda 73,118,964 50.00 0301050202 Icatu Holding S.A. 26,809,875 18.33 0301050203 Nalbra S LLC 46,309,090 31.67 0301050204 Outros 1,000 0.00 0301050299 Total 146,238,930 100.00
1 - ITEM 02 - Name of THE holding company/ investor 0301050201 Caminho Editorial Ltda 1 - ITEM 2 - NAME 2 - TAXPAYER NO./CPF 3 - NATIONALITY 4 - STATE 5 - COMMON STOCK 6 - QU'TY 7 - % 030105020101 Brasil Warrant Adm. Bens Empresas Ltda 33.744.277/0001-88 Brazilian 74,893,210 96.21 Table Continued 2 - DATE OF CAPITAL COMPOSITION 04/30/2004 1 - ITEM 2 - NAME 6 - PREFERRED STOCK 7 - TOTAL SHARES 8 - QU'TY 9 - % 10 - QU'TY % 030105020101 Brasil Warrant Adm. Bens Empresas Ltda 74,893,210 96.21 23 FEDERAL PUBLIC SERVICE CVM - SECURITIES COMMISSION ANNUAL INFORMATION BULLETIN - IAN 12/31/2003 01.01 - IDENTIFICATION 1 - CVM CODE 2 - NAME OF THE COMPANY 3 - TAXPAYER NO. 00043-4 Aracruz Celulose S.A. 42.157.511/0001-61 - -------------------------------------------------------------------------------- 030105020102 Outros 2,947,900 3.79 030105020199 Total 77,841,110 100.00 Table Continued 030105020102 Outros 2,947,900 3.79 030105020199 Total 77,841,110 100.00
03.03 - DISTRIBUTION OF REGISTERED CORPORATE CAPITAL OF CONTROLLING COMPANIES DOWN TO INDIVIDUAL LEVEL
1 - ITEM 02 - Name of THE holding company/ investor 030105020101 Brasil Warrant Adm. Bens Empresas Ltda 1 - ITEM 2 - NAME 2 - TAXPAYER NO./CPF 3 - NATIONALITY 4 - STATE 5 - COMMON STOCK 6 - QU'TY 7 - % 03010502010101 Fernando Roberto Moreira Salles 002.938.068-53 Brazilian 180 75.00 03010502010102 Joao Moreira Salles 667.197.397-00 Brazilian 60 25.00 03010502010199 Total 240 100.00 Table Continued 2 - DATE OF CAPITAL COMPOSITION 04/30/2004 1 - ITEM 2 - NAME 6 - PREFERRED STOCK 7 - TOTAL SHARES 8 - QU'TY 9 - % 10 - QU'TY % 03010502010101 Fernando Roberto Moreira Salles 180 75.00 360 75.00 03010502010102 Joao Moreira Salles 60 25.00 120 25.00 03010502010199 Total 240 480 100.00
1 - ITEM 02 - Name of THE holding company/ investor 0301050202 Icatu Holding S.A. 1 - ITEM 2 - NAME 2 - TAXPAYER NO./CPF 3 - NATIONALITY4 - STATE 5 - COMMON STOCK 6 - QU'TY 7 - % 030105020201 Sylvia Maria da Gloria de Mello Franco Nabuco 958.202.647-20 Brazilian 226,000 44.84 030105020202 Maria do Carmo Nabuco de Almeida Braga 487.269.157-15 Brazilian 38,000 7.54 030105020203 Luis Antonio de Almeida Braga 533.519.087-68 Brazilian 38,000 7.54 030105020204 Lucia Nabuco de Almeida Braga Rebello 733.363.007-20 Brazilian 38,000 7.54 030105020205 Sylvia Nabuco de Almeida Braga 786.276.997-04 Brazilian 38,000 7.54 030105020206 Santa Luzia Comercial e Participacoes Ltda 36.163.277/0001-82 Brazilian 126,000 25.00 030105020299 Total 504,000 100.00 Table Continued 2 - DATE OF CAPITAL COMPOSITION 04/30/2004 1 - ITEM 2 - NAME 6 - PREFERRED STOCK 7 - TOTAL SHARES 8 - QU'TY 9 - % 10 - QU'TY % 030105020201 Sylvia Maria da Gloria de Mello Franco Nabuco 226,000 44.84 030105020202 Maria do Carmo Nabuco de Almeida Braga 38,000 7.54 030105020203 Luis Antonio de Almeida Braga 38,000 7.54 030105020204 Lucia Nabuco de Almeida Braga Rebello 38,000 7.54 030105020205 Sylvia Nabuco de Almeida Braga 38,000 7.54 030105020206 Santa Luzia Comercial e Participacoes Ltda 126,000 25.00 030105020299 Total 504,000 100.00
24 FEDERAL PUBLIC SERVICE CVM - SECURITIES COMMISSION ANNUAL INFORMATION BULLETIN - IAN 12/31/2003 01.01 - IDENTIFICATION 1 - CVM CODE 2 - NAME OF THE COMPANY 3 - TAXPAYER NO. 00043-4 Aracruz Celulose S.A. 42.157.511/0001-61 - --------------------------------------------------------------------------------
03.03 - DISTRIBUTION OF REGISTERED CORPORATE CAPITAL OF CONTROLLING COMPANIES DOWN TO INDIVIDUAL LEVEL 1 - ITEM 02 - Name of THE holding company/ investor 030105020206 Santa Luzia Comercial e Participacoes Ltda 1 - ITEM 2 - NAME 2 - TAXPAYER NO./CPF 3 - NATIONALITY 4 - STATE 5 - COMMON STOCK 6 - QU'TY 7 - % 03010502020601 Daniel Valente Dantas 063.917.105-20 Brazilian 14,833,646 99.00 03010502020602 Veronica Valente Dantas Rodenburg 262.853.205-00 Brazilian 149,835 1.00 03010502020699 Total 14,983,481 100.00 Table Continued 2 - DATE OF CAPITAL COMPOSITION 04/30/2004 1 - ITEM 2 - NAME 6 - PREFERRED STOCK 7 - TOTAL SHARES 8 - QU'TY 9 - % 10 - QU'TY % 03010502020601 Daniel Valente Dantas 14,833,646 99.00 03010502020602 Veronica Valente Dantas Rodenburg 149,835 1.00 03010502020699 Total 14,983,481 100.00
1 - ITEM 02 - Name of THE holding company/ investor 0301050203 Nalbra S LLC 1 - ITEM 2 - NAME 2 - TAXPAYER NO./CPF 3 - NATIONALITY 4 - STATE 5 - COMMON STOCK 6 - PREFERRED STOCK 6 - QU'TY 7 - % 8 - QU'TY 9 - % 030105020301 Nalbra Inc. Bahamas 9,012,000 100.00 030105020399 Total 9,012,000 100.00 Table Continued 2 - DATE OF CAPITAL COMPOSITION 04/30/2004 1 - ITEM 2 - NAME 7 - TOTAL SHARES 10 - QU'TY % 030105020301 Nalbra Inc. 9,012,000 100.00 030105020399 Total 9,012,000 100.00
25 FEDERAL PUBLIC SERVICE CVM - SECURITIES COMMISSION ANNUAL INFORMATION BULLETIN - IAN 12/31/2003 01.01 - IDENTIFICATION 1 - CVM CODE 2 - NAME OF THE COMPANY 3 - TAXPAYER NO. 00043-4 Aracruz Celulose S.A. 42.157.511/0001-61 - -------------------------------------------------------------------------------- 03.03 - DISTRIBUTION OF REGISTERED CORPORATE CAPITAL OF CONTROLLING COMPANIES DOWN TO INDIVIDUAL LEVEL
1 - ITEM 02 - Name of THE holding company/ investor 04 BNDES Participacoes S.A. 1 - ITEM 2 - NAME 2 - TAXPAYER NO./CPF 3 - NATIONALITY 4 - STATE 5 - COMMON STOCK 6 - QU'TY 7 - % 0401 Banco Nac. Desenvol. Econ. Social - BNDES Brazilian DF 1 100.00 0499 Total 1 100.00 Table Contiued 2 - DATE OF CAPITAL COMPOSITION 04/30/2004 1 - ITEM 2 - NAME 6 - PREFERRED STOCK 7 - TOTAL SHARES 8 - QU'TY 9 - % 10 - QU'TY % 0401 Banco Nac. Desenvol. Econ. Social - BNDES - - 1 100.00 0499 Total - - 1 100.00
1 - ITEM 02 - Name of THE holding company/ investor 0401 Banco Nac. Desenvol. Econ. Social - BNDES 1 - ITEM 2 - NAME 2 - TAXPAYER NO./CPF 3 - NATIONALITY 4 - STATE 5 - COMMON STOCK 6 - QU'TY 7 - % 040101 Uniao Federal Brazilian DF 6,273,711,452 100.00 040199 Total 6,273,711,452 100.00 Table Continued 2 - DATE OF CAPITAL COMPOSITION 04/30/2004 1 - ITEM 2 - NAME 6 - PREFERRED STOCK 7 - TOTAL SHARES 8 - QU'TY 9 - % 10 - QU'TY % 040101 Uniao Federal - - 6,273,711,452 100.00 040199 Total - - 6,273,711,452 100.00
26 FEDERAL PUBLIC SERVICE CVM - SECURITIES COMMISSION ANNUAL INFORMATION BULLETIN - IAN 12/31/2003 01.01 - IDENTIFICATION 1 - CVM CODE 2 - NAME OF THE COMPANY 3 - TAXPAYER NO. 00043-4 Aracruz Celulose S.A. 42.157.511/0001-61 - --------------------------------------------------------------------------------
04.01 - BREAKDOWN OF THE PAID IN CAPITAL 1 - DATE OF LAST CHANGE : 04/30/1997 2 -ITEM 3 - TYPE OF SHARE 5 - PAR VALUE 6 - NUMBER OF SHARES 7 - SUBSCRIBED 8 - PAID-UP (000) (R$ `000) (R$ `000) 01 Commom - Nominative Stock NONE 455,391 817,899 817,899 03 Class A Preferred - Nominative NONE 539,079 68,402 68,402 Stock 04 Class B Preferred - Nominative NONE 38,084 968,206 968,206 Stock 99 Total 1,032,554 1,854,507 1,854,507 04.02 - CHANGES IN THE PAID-IN CAPITAL IN THE LAST THREE YEARS 1 -ITEM 2 - DATE 3 - PAID-IN CAPITAL CHANGES IN THE PAID-IN CAPITAL (R$ 000) 4 - AMOUNT (R$ 000) 6 - NOTES 01 04/30/1997 1,854,507 489 CAPITAL RESERVES 04.04 - AUTHORIZED CAPITAL 1 - NUMBER OF SHARES (000) 2 - AMOUNT (R$ `000) 2 - DATE 1,077,920 2,450,000 04/30/1997
27 FEDERAL PUBLIC SERVICE CVM - SECURITIES COMMISSION ANNUAL INFORMATION BULLETIN - IAN 12/31/2003 01.01 - IDENTIFICATION 1 - CVM CODE 2 - NAME OF THE COMPANY 3 - TAXPAYER NO. 00043-4 Aracruz Celulose S.A. 42.157.511/0001-61 - --------------------------------------------------------------------------------
05.01 - TREASURY STOCK 1 - ITEM 2 - TYPE 3 - CLSS 3- MEETING 4 - ACQUIS'N PERIOD 6 - TO BE BUY-BACK (000) 01 COMMON 10/17/2002 01/17/2003 1.115.933 02 PREFERRED A 10/17/2002 01/17/2003 259.216 03 PREFERRED B 10/17/2002 01/17/2003 43.197.491 Table Continued 1 - ITEM 2 - TYPE 7 - AMOUNT TO BE 8 - N(0). ALREADY 9- AMOUNT ALREADY DISBURSED (R$ 000) BOUGHT-BACK (000) DISBURSED (R$ 000) 01 COMMON 0 0 0 02 PREFERRED 0 0 0 03 PREFERRED 0 1.374.00 7.942.859
28 FEDERAL PUBLIC SERVICE CVM - SECURITIES COMMISSION ANNUAL INFORMATION BULLETIN - IAN 12/31/2003 01.01 - IDENTIFICATION 1 - CVM CODE 2 - NAME OF THE COMPANY 3 - TAXPAYER NO. 00043-4 Aracruz Celulose S.A. 42.157.511/0001-61 - --------------------------------------------------------------------------------
06.01 - DIVIDENDS AND INTEREST ON CAPITAL PAID IN THE LAST THREE YEARS 1 -ITEM 2 - TYPE APPROVAL OF DISTRIBUTION 5 - END OF 6 - NET PROFIT 7 - AMOUNT PER FISCAL YEAR (R$ 000) SHARE (R$ ) 3 - MEETING 4 - DATE 01 DIVIDENDS AGO / E 04/30/2002 12/31/2001 199,440 0,1651698383 02 DIVIDENDS AGO / E 04/30/2002 12/31/2001 199,440 0,1816868221 03 DIVIDENDS AGO / E 04/30/2002 12/31/2001 199,440 0,1816868221 04 DIVIDENDS AGO / E 04/29/2003 12/31/2002 60,516 0,2894486463 05 DIVIDENDS AGO / E 04/29/2003 12/31/2002 60,516 0,3183935110 06 DIVIDENDS AGO / E 04/29/2003 12/31/2002 60,516 0,3183935110 07 DIVIDENDS AGO / E 04/29/2004 12/31/2003 878,434 0,3307997904 08 DIVIDENDS AGO / E 04/29/2004 12/31/2003 878,434 0,3638797694 09 DIVIDENDS AGO / E 04/29/2004 12/31/2003 878,434 0,3638797694 Table Continued 1 -ITEM 2 - TYPE 8 - TYPE OF SHARE 9 - CLASS 10 - AMOUNT 11 - BEGINNING OF TOTAL (R$ 000) THE PAYMENT 01 DIVIDENDS COMMON 75,137 05/13/2002 02 DIVIDENDS PREFERRED A 7,348 05/13/2002 03 DIVIDENDS PREFERRED B 97,515 05/13/2002 04 DIVIDENDS COMMON 131,672 05/15/2003 05 DIVIDENDS PREFERRED A 12,839 05/15/2003 06 DIVIDENDS PREFERRED B 170,489 05/15/2003 07 DIVIDENDS COMMON 150,483 05/14/2004 08 DIVIDENDS PREFERRED A 13,861 05/14/2004 09 DIVIDENDS PREFERRED B 195,656 05/14/2004
29 FEDERAL PUBLIC SERVICE CVM - SECURITIES COMMISSION ANNUAL INFORMATION BULLETIN - IAN 12/31/2003 01.01 - IDENTIFICATION 1 - CVM CODE 2 - NAME OF THE COMPANY 3 - TAXPAYER NO. 00043-4 Aracruz Celulose S.A. 42.157.511/0001-61 - --------------------------------------------------------------------------------
06.03 - STATUTORY DISPOSITION OF CAPITAL 1 - ITEM 2 - TYPE 3 - SHARE 4 - CAPITAL 5 - CONVERTIBLE 6 - CONVERTS 7 - VOTING 8 - 9 - PRIORITY IN OF SHARE CLASS % IN RIGHTs TAG THE REFUND OF ALONG CAPITAL % 01 PA A 3.69 YES PNB NO YES 02 PB B 52.21 NO NO YES 03 CN 44.10 NO FULL NO Table Continued 1 - ITEM 2 - TYPE 10 - PREMIUM 11 - TYPE OF 12 - DIVIDEND 13 - R$ / SHARE 14 - CUMULATIVE 15 - PRIORITY 16 - MADE OF SHARE DIVIDEND CALCULATIONS ON 01 PA NO 10% HIGH CN NO YES SHARE CAPITAL 02 PB NO 10% HIGH CN NO NO NET PROFIT 03 CN NO NO NO NET PROFIT
06.04 - STATUTORY CHANGE 1 - LAST STATUTORY CHANGE 2 - OBLIGATORY DIVIDEND (% Profit) 04/29/2004 25,00 30 FEDERAL PUBLIC SERVICE CVM - SECURITIES COMMISSION ANNUAL INFORMATION BULLETIN - IAN 12/31/2003 01.01 - IDENTIFICATION 1 - CVM CODE 2 - NAME OF THE COMPANY 3 - TAXPAYER NO. 00043-4 Aracruz Celulose S.A. 42.157.511/0001-61 - -------------------------------------------------------------------------------- 07.01 - COMPANSATION AND PARTICIPATIONS OF OFFICERS
1 - OFFICER SHARING PROFIT 2 - COMPANSATION OF OFFICERS (R$ `000) 3 - PERIOD NO 8,050 Year 07.02 - PARTICIPATIONS AND CONTRIBUITIONS IN THE LAST THREE YEARS 1 - ITEM 2 - PARTICIPATIONS & CONTRIBUITIONS 3 - LAST FISCALYEAR ENDED R$'000) 12/31/2003 01 PARTICIPATIONS -DEBENTURISTS 02 PARTICIPATIONS - EMPLOYEES 03 PARTICIPATIONS - MANAGEMENT 04 PARTICIPATIONS - OTHER 05 CONTRIBUTIONS - ASSISTANCE FUND 06 CONTRIBUTIONS - PENSION FUND 3,195 07 OTHER - CONTRIBUTIONS 08 NET PROFIT FOR THE YEAR 878,433 09 NET LOSS FOR THE YEAR Table Continued 1 - ITEM 2 - PARTICIPATIONS & CONTRIBUITIONS 4 - PRECEDING FISCAL YEAR ENDED 5 - SECOND PRECEDONG FISCAL YEAR ENDED (R$'000) (R$'000) 12/31/2002 12/31/2001 01 PARTICIPATIONS -DEBENTURISTS 02 PARTICIPATIONS - EMPLOYEES 03 PARTICIPATIONS - MANAGEMENT 04 PARTICIPATIONS - OTHER 05 CONTRIBUTIONS - ASSISTANCE FUND 06 CONTRIBUTIONS - PENSION FUND 2,902 2,302 07 OTHER - CONTRIBUTIONS 08 NET PROFIT FOR THE YEAR 60,516 199,440 09 NET LOSS FOR THE YEAR
31 FEDERAL PUBLIC SERVICE CVM - SECURITIES COMMISSION ANNUAL INFORMATION BULLETIN - IAN 12/31/2003 01.01 - IDENTIFICATION 1 - CVM CODE 2 - NAME OF THE COMPANY 3 - TAXPAYER NO. 00043-4 Aracruz Celulose S.A. 42.157.511/0001-61 - --------------------------------------------------------------------------------
07.03 - PARTICIPATIONS IN THE SUBSIDIARIES 1 - ITEM 2 - COMPANY NAME SUBSIDIARIES 3 - Taxpayer No. 4 - CLASSIFICATION 01 ARACRUZ TRADING S.A OPEN CONTROLLED 02 ARACRUZ CELULOSE (USA) INC. OPEN CONTROLLED 03 MUCURI AGROFLORESTAL S.A 28.163.251/0001-06 OPEN CONTROLLED 04 PORTOCEL TERMINAL ESPECIALIZADO DE BARRA DO RIACHO 28.497.394/0001-54 OPEN CONTROLLED 05 ARACRUZ PRODUTOS DE MADEIRA S.A. 01.739.871/0001-94 OPEN CONTROLLED 06 VERACEL CELULOSE S.A. 40.551.996/0002-29 OPEN CONTROLLED 07 RIOCELL S.A. 05.148712/0001-76 OPEN CONTROLLED Table Continued 1 - ITEM 2 - COMPANY NAME SUBSIDIARIES 5 - INTEREST IN 6 - CONTROLLING 7 - TYPE OF COMPANY SUBSIDIARIES STOCKHOLDERS' CAPITAL - % EQUITY % 01 ARACRUZ TRADING S.A 100.00 16.26 COMPANY COMMERCIAL, INDUSTRIAL AND OTHER 02 ARACRUZ CELULOSE (USA) INC. 100.00 0.45 COMPANY COMMERCIAL, INDUSTRIAL AND OTHER 03 MUCURI AGROFLORESTAL S.A 100.00 2.50 COMPANY COMMERCIAL, INDUSTRIAL AND OTHER 04 PORTOCEL TERMINAL ESPECIALIZADO DE BARRA DO RIACHO 51.00 0.03 COMPANY COMMERCIAL, INDUSTRIAL AND OTHER 05 ARACRUZ PRODUTOS DE MADEIRA S.A. 100.00 2.28 COMPANY COMMERCIAL, INDUSTRIAL AND OTHER 06 VERACEL CELULOSE S.A. 50.00 15.78 COMPANY COMMERCIAL, INDUSTRIAL AND OTHER 07 RIOCELL S.A. 100.00 60.23 COMPANY COMMERCIAL, INDUSTRIAL AND OTHER
08.01 - CHARACTERISTICS OF PUBLIC OR PRIVATE DEBENTURE ISSUES ANYTHING TO INFORM 32 FEDERAL PUBLIC SERVICE CVM - SECURITIES COMMISSION ANNUAL INFORMATION BULLETIN - IAN 12/31/2003 01.01 - IDENTIFICATION 1 - CVM CODE 2 - NAME OF THE COMPANY 3 - TAXPAYER NO. 00043-4 Aracruz Celulose S.A. 42.157.511/0001-61 - -------------------------------------------------------------------------------- Aracruz Celulose is the world's leading producer of bleached eucalyptus pulp. The company is responsible for 30% of the global supply of the product, used to manufacture high value added goods such as tissue, printing and writing, and specialty papers. Aracruz's forestry operations are situated in the states of Espirito Santo, Bahia, Minas Gerais and Rio Grande do Sul. They involve some 242,000 hectares of eucalyptus plantations, intermingled with 121,000 hectares of company-owned native forest reserves, which are of fundamental importance for ensuring the balance of the ecosystem. The company runs a Forestry Partners Program that involves approximately 53,000 hectares contracted in partnership with approximately 2,600 local farmers in the states of Espirito Santo, Bahia and Minas Gerais. In Rio Grande do Sul, nearly 7,000 additional hectares of plantations are run in association with third parties. Aracruz's production of pulp, totaling 2,4 million tons a year, is distributed between two pulp making units: Barra do Riacho, in Espirito Santo, and Guaiba, in Rio Grande do Sul. In Espirito Santo, Aracruz operates a pulp making complex that is fully integrated with company-owned eucalyptus plantations and a specialized private port, Portocel, through which over 80 percent of Aracruz's pulp production is exported. The Barra do Riacho mill contains three production units with total capacity of two million tons a year of pulp. The industrial complex includes three recovery boilers; three continuous digesters; five bleaching and drying lines, and facilities for chemicals recovery, water treatment and electricity generation through biomass. Environmental control is ensured through modern systems that treat all solid, liquid and gaseous wastes. At the Guaiba mill (formerly Riocell), located in the municipality of Guaiba (RS), Aracruz operates a high-tech mill, which is also equipped with advanced environmental protection resources, with the capacity to produce 390,000 tons annually of bleached eucalyptus pulp. A third unit -- Veracel Celulose -- is being built in the municipality of Eunapolis, in the south of Bahia, in partnership with Stora Enso (both partners owning a 50% stake ). With startup of operations scheduled for 2005, Veracel will have the capacity to produce 900,000 tons a year of bleached eucalyptus pulp. Another of the group's companies, Aracruz Produtos de Madeira -- which operates a high technology sawmill in southern Bahia -- supplies top quality solid wood products made from eucalyptus plantation lumber to the furniture and interior design industries in Brazil and abroad. Aracruz's commitment to sustainable development is reflected both in the company's management of its eucalyptus plantations and in its preservation of natural ecosystems. Strict environmental practices at the company's pulp mill are also subject to a process of continuous improvement. The company's standards of social responsibility are reflected in, among other aspects, a significant program of social contributions to neighboring communities in the regions in which Aracruz operates. Four major shareholders control the company's voting shares: the Lorentzen, Safra and Votorantim groups (each owning 28 per cent of the voting shares) and BNDES, the Brazilian National Economic and Social Development Bank (12.5 per cent). Aracruz's preferred shares, which constitute over 50 percent of the company's total outstanding shares, are traded on the Sao Paulo, New York and Madrid stock exchanges. 33 FEDERAL PUBLIC SERVICE CVM - SECURITIES COMMISSION ANNUAL INFORMATION BULLETIN - IAN 12/31/2003 01.01 - IDENTIFICATION 1 - CVM CODE 2 - NAME OF THE COMPANY 3 - TAXPAYER NO. 00043-4 Aracruz Celulose S.A. 42.157.511/0001-61 - -------------------------------------------------------------------------------- 09.02 - MARKET OVERVIEW Diverse factors influenced the world pulp market in 2003. In the first half of the year, despite modest global economic growth and relative stability in the worldwide demand for paper, the price of market pulp benefited from supply restrictions and record demand from the Asian market. Climate changes in the northern hemisphere that limited pulp production and the depreciation of the dollar against the main world currencies contributed to increases in the price of eucalyptus pulp, which rose to US$ 540/t (CIF Europe) in the second quarter. In the second half, although the demand for pulp in the Asian market reached record levels, the reduction of inventories held by paper producers led to declining pulp prices, leveling off at US$ 510/t (CIF Europe). Despite the adverse environment, Aracruz's pulp sales, including those by the Guaiba Unit, passed the two million ton mark. The total volume of sales hit a record 2,149,000 tons, representing an increase of 36 percent on the year. The expectation of an improvement in the global economy, a moderate increase in supply and the reduced level of pulp inventories held by consumers point to a favorable eucalyptus pulp price scenario in 2004. DESCRIPTION 2001 2002 2003 ------------------------------------------------------------------------------ INVENTORY EVOLUTION (000 t) Aracruz Celulose S.A. - Consolidated 95 166 273 World Invetory 622 637 877 PRICES EVOLUTION (us$ FOB/t) Aracruz Celulose S.A. - Parent Company 385 338 445 Aracruz Celulose S.A. - Consolidated 438 423 452 SALES EVOLUTION (000 t) Aracruz Celulose S.A. - Parent Company 1,312 1,632 2,017 Aracruz Celulose S.A. - Consolidated 1,301 1,585 2,149 01.01 - IDENTIFICATION 1 - ITEM 2 - MAIN PRODUCTS AND/OR SERVICES OFFERED 3 - NET REVENUES 01 BLEACHED EUCALYPTUS PULP 100.00% - -------------------------------------------------------------------------------- 34 FEDERAL PUBLIC SERVICE CVM - SECURITIES COMMISSION ANNUAL INFORMATION BULLETIN - IAN 12/31/2003 01.01 - IDENTIFICATION 1 - CVM CODE 2 - NAME OF THE COMPANY 3 - TAXPAYER NO. 00043-4 Aracruz Celulose S.A. 42.157.511/0001-61 - -------------------------------------------------------------------------------- 10.02 - IDENTIFICATION
ITEM 1 - RAW MATERIAL IMPORTS AVAILABLE SUPPLIER 2 - 3 - AMOUNT 4 - DOMESTIC5 - FOREIGN 6 - NAME 7 - 8 - % SUPPLIED Y/N (R$ 000) MARKET MARKET TYPE 01 WOOD (EUCALYPTUS) N Y Y VERACEL CELULOSE S.A. 5 24,76 02 WOOD (EUCALYPTUS) N Y Y OWN PRODUCTION 5 8,46 03 SODIUM CHLORATE N Y Y NEXEM QUIMICA BRASIL LTDA 0 7,08 04 FUEL OIL N Y Y PETROBRAS DISTRIBUIDORA S.A. 0 4,19 05 NATURAL GAS N Y Y PETROBRAS DISTRIBUIDORA S.A. 0 3.72 06 HYDROGEN PEROXIDE N Y Y BRAGUSSA PRODUTOS QUIMICOS 0 1,85 07 BALING WIRE N Y Y BMBA - BELGO MINEIRA BEKAERT 0 1,16 ARAMES S/A 08 WOOD (EUCALYPTUS) N Y Y RIOCELL S.A. 5 0.82 09 WOOD (EUCALYPTUS) N Y Y CIA VALE DO RIO DOCE S.A. 0 0.75 09 HYDROGEN PEROXIDE N Y Y PEROXIDOS DO BRASIL LTDA 0 0.63
SUPPLIER TYPE: 0 = NOT RELATED PARTY 5 = COMPANY OWNED BY THE MAJOR SHAREHOLDER 10.03 - MAIN CUSTOMERS BY PRODUCTS 1 - ITEM 2 - ITEM 3 - PRODUCT / CLIENT 4 - NET REVENUES 001 Bleached eucaliptus pulp 001 002 Aracruz Trading S.A. 98.00% 35 FEDERAL PUBLIC SERVICE CVM - SECURITIES COMMISSION ANNUAL INFORMATION BULLETIN - IAN 12/31/2003 01.01 - IDENTIFICATION 1 - CVM CODE 2 - NAME OF THE COMPANY 3 - TAXPAYER NO. 00043-4 Aracruz Celulose S.A. 42.157.511/0001-61 - -------------------------------------------------------------------------------- 11.01 - PRODUCTION PROCESS Aracruz has the capacity to produce various types of bleached eucalyptus pulp, such as: Standard Pulp; ECF (Elementary Chlorine-free) Pulp; TCF (Total Chlorine-free) Pulp; ACF ( Aracruz Chlorine-free); and High Brightness Bleached Pulp (photo-pulp). These types of pulp are used internationally for the manufacture of high-grade papers. The Aracruz plant incorporates modern technology and top-level staff; in 2003 it produced 2.031.340 tonnes dry weight, in complete compliance with the quality requirements of the domestic and international markets. TIMBER HANDLING Timber is prepared in four main lines with the following equipment: - - 3 log cranes for receipt and process input; - - 8 log decks intakes; - - 4 de-barkers; - - 8 chippers that cut logs into wood-chips for cooking; - - 8 chip screens for grading wood-chips; - - 4 bark chippers for the bio-mass boiler. Chips that pass the screening process are carried on conveyor belts to the open-air wood-chip bins that feed the two continuous digestors. Rejects are mixed with chopped bark and taken to the bio-mass bins that fuel the two power boilers. PULP LINES Wood-chips from the bins are fed into the two (Kvaerners) continuous digestors where they are cooked under pre-set conditions of retention time, temperature, pressure and alkalis concentration. The resulting pulp runs through the first washing stage at the bottom of the digestor. Each digestor discharges its pulp into two parallel lines, leading to the atmospheric diffusors that form the second washing stage. The unbleached pulp is then purified by pressurized screens that separate out undercooked/reject chips. The product from these screens is then passed through a third washing stage that consists of one washer-filter per line in the "A" Plant and two washer-filters per line in the "B" Plant, in series. Rejects are run through a refiner and screens, and are then recycled back to the start of the screening process. 36 FEDERAL PUBLIC SERVICE CVM - SECURITIES COMMISSION ANNUAL INFORMATION BULLETIN - IAN 12/31/2003 01.01 - IDENTIFICATION 1 - CVM CODE 2 - NAME OF THE COMPANY 3 - TAXPAYER NO. 00043-4 Aracruz Celulose S.A. 42.157.511/0001-61 - -------------------------------------------------------------------------------- 11.01 - PRODUCTION PROCESS After passing through the washer-filters, the pulp is sent to the oxygen reactors for pre-removal of the lignine with oxygen. It then goes through two washer-presses per line, before storage in the stock silos. The bleaching process has four identical parallel lines, each with five stages: Stage 1 - C / D (Chlorine and Chlorine Dioxide) to standard pulp; D (Chlorine Dioxide) to ECF (Elemental Chlorine Free) Stage 2 - EOP (Oxygen Extraction) Stage 3 - D1 (Chlorine Dioxide) Stage 4 - E2 (Alkaline Extraction) Stage 5 - D2 (Chlorine Dioxide) Note: TCF process uses Hydrogen Peroxide instead of Chlorine Dioxide. ACF process uses Hydrogen Peroxide and Chlorine Dioxide. The Company has flexbillity to change the sequence above due to the requeiraments of differebt products. After bleaching, the pulp is stocked in four high density storage towers, and is then fed into the bleached pulp purification system. The sheet of pulp is formed by four Voith de-watering machines, each with an input chamber, a flat surface and a triple-press pressing section. After pressing, the sheet is run through four Flakt driers, emerging with a dry weight of 90%. The sheet - 6 meters across - is then cut into nine sheets measuring 66.7 centimeters x 92 centimeters and packed into bales weighting 250 kilograms each. Finally, the pulp is packaged by five semi-automatic Sunds lines and wired in packs of 2,000 kilograms each. These are sent to the warehouse for shipping. ENERGY RECYCLING SYSTEM The liquor from the cooking and washing processes containing organic (wood) and inorganic (cooking process chemical products) solids is pumped to the recycling system. This consists of: - - Three black liquor evaporation lines and concentration units that increase the concentration of solids in this liquid from 15.5% to 65%, making it combustible and aftewards 75%; - - Three recovery boilers that burn off the concentrated black liquor and retrieve the chemical products in it, producing steam through combustion of the organic solids; - - Three caustifiers of the green liquor from the recovery boilers, through reaction with calcium oxide, turning this into white liquor which is used in the cooking process in the digestors; - - Two limes kiln that burn the lime mud produced in the caustification system, turning this into calcium oxide, which is reused in the caustification of the green liquor, and treatment gases originated of the odor system. 37 FEDERAL PUBLIC SERVICE CVM - SECURITIES COMMISSION ANNUAL INFORMATION BULLETIN - IAN 12/31/2003 01.01 - IDENTIFICATION 1 - CVM CODE 2 - NAME OF THE COMPANY 3 - TAXPAYER NO. 00043-4 Aracruz Celulose S.A. 42.157.511/0001-61 - -------------------------------------------------------------------------------- 11.01 - PRODUCTION PROCESS Steam is produced by the Three recovery boilers that burn off the concentrated black liquor, as well as the two power boilers that burn bio-mass and fuel oil; these are supplementary and are used only when the main units are out of operation or starting up. The steam is generated at high pressure, thus allowing direct production of electric power by using it to run four turbo-generators before being channeled into the process. The fifth turbo-generator, is for the condensation of the steam that exceeds the process demand. CHEMICAL AND ELECTROCHEMICA PLANTS As part of the strategy to focus attention on core activities, during the year the company negotiated and sold its electrochemical plant to CXY Chemicals of Canada. A long term supply contract with the new owners of the plant was also signed, guaranteeing the supply of the necesary chemicals at very competitive prices over the next 25 years. This sales had two objectives: (i) monetization of a non-core asset, freeing-up cash for strategic investments; and (ii) transfer of the operational risk of running the plant to a specialized producer with deep know-how in this process. INSURANCE The "A" Plant in the Aracruz Industrial Complex has been in operation for 22 years. Depreciation on the new "B" Plant began in March 1991. The Company has a fire insurance policy covering its installations, machinery, equipment, tanks, forests and inventory. It is also insured against loss of profits, breakdown of machinery and engineering risks. The production process does not have high-risk areas that could halt activities, due to efficient computerized controls in the Industrial Plant. Aracruz performes one scheduled general shut-downs for maintenance for each plant, lasting eight and ten days respectively. * * * 38 FEDERAL PUBLIC SERVICE CVM - SECURITIES COMMISSION ANNUAL INFORMATION BULLETIN - IAN 12/31/2003 01.01 - IDENTIFICATION 1 - CVM CODE 2 - NAME OF THE COMPANY 3 - TAXPAYER NO. 00043-4 Aracruz Celulose S.A. 42.157.511/0001-61 - -------------------------------------------------------------------------------- 11.02 - COMMERCIALIZATION PROCESS, DISTRIBUTION, MARKETS AND EXPORT The Aracruz` pulp commercialization is made through own offices in Switzerland (sales for Europe), in the United States (to whole North America, Asia and middle East) and in Rio de Janeiro for Brazil and Latin America. The sales to the Asian market are made also through defined agents by the company. The distribution is made through contracted shipping companies to transport the merchandise from the own port of the company (Portocel) until terminals agreed with the customers. Trucks are used in Brazil for pulp delivery in the customers` factories. The export process also counts with product sales from Aracruz Celulose to Aracruz Trading and Aracruz Inc. who in fact bills in the exterior almost totality of the sales. 98% of the sales are for export. In 2003 the market participation was: 38% to Europe, 36% to North America, 23% to Asia, 2% to Brazil and 1% to the rest of Latin America. The main customers of the company are producers of high quality papers, non integrated, as sanitary papers, printing and writing and specialties. * * * 39 FEDERAL PUBLIC SERVICE CVM - SECURITIES COMMISSION ANNUAL INFORMATION BULLETIN - IAN 12/31/2003 01.01 - IDENTIFICATION 1 - CVM CODE 2 - NAME OF THE COMPANY 3 - TAXPAYER NO. 00043-4 Aracruz Celulose S.A. 42.157.511/0001-61 - -------------------------------------------------------------------------------- 11.03 - MAIN PULP PRODUCTERS COMPANY COUNTRY PRODUCTION COST Ton / Year US$/Ton Aracruz Celulose S.A. Brazil 2,400,000 229 APRIL Indonesia 1,720,000 179 ENCE Spain 1,030,000 349 CENIBRA Brazil 860,000 150 VCP Brazil 810,000 150 Parsons & Whitemore USA / Canada 715,000 315 International Paper USA 635,000 314 Alberta Pacific Canada 540,000 315 Source: Outlook for Market Pulp (Hawkins wrigth - December / 2003). * * * 40 FEDERAL PUBLIC SERVICE CVM - SECURITIES COMMISSION ANNUAL INFORMATION BULLETIN - IAN 12/31/2003 01.01 - IDENTIFICATION 1 - CVM CODE 2 - NAME OF THE COMPANY 3 - TAXPAYER NO. 00043-4 Aracruz Celulose S.A. 42.157.511/0001-61 - --------------------------------------------------------------------------------
13.01 - MAIN PROPERTIES 1 - ITEM 2 - TYPE 3 - ADDRESS 4 - CITY 5 - STATE 6 - TOTAL AREA 7 - BUILDING (000 M2) AREA (000 HA) 01 Industrial Plant Rod. Barra do Riacho Aracruz ES 2,177.900 5.517.570 02 Land Aracruz Aracruz ES 576,070.00 - 03 Land Fundao Fundao ES 9,670,000 - 04 Land Linhares Linhares ES 97,540,000 - 05 Land Serra Serra ES 52,090,000 - 06 Land Sooretama Sooretama ES 11,710,000 - 07 Land Conceicao da Barra Conceicao da Barra ES 348,020,000 - 08 Land Pinheiros Pinheiros ES 23,780,000 - 09 Land Sao Mateus Sao Mateus ES 251,880,000 - 10 Land Pedro Canario Pedro Canario ES 4,810,000 - 11 Land Caravelas Caravelas BA 379,110,000 - 12 Land Alcobaca Alcobaca BA 512,230,000 - 13 Land Ibirapuan Ibirapuan BA 138,980,000 - 14 Land Mucuri Mucuri BA 216,950,000 - 15 Land Nova Vicosa Nova Vicosa BA 339,750,000 - 16 Land Prado Prado BA 116,690,000 -
1 - ITEM 8 - AGE 9 - INSURANCE 10 - MORTGAGE 11 - RENTED 12 - BEGINNIG 13 - END OF EARS) FROM THIRD OF CONTRACT CONTRACT PERSONS 01 25 Y Y N 02 - N N N 03 - N N N 04 3 N N N 05 - N N N 06 3 N N N 07 - N N N 08 - N N N 09 - N N N 10 - N N N 11 - N N N 12 - N N N 13 - N N N 14 - N N N 15 - N N N 16 - N N N
41 FEDERAL PUBLIC SERVICE CVM - SECURITIES COMMISSION ANNUAL INFORMATION BULLETIN - IAN 12/31/2003 01.01 - IDENTIFICATION 1 - CVM CODE 2 - NAME OF THE COMPANY 3 - TAXPAYER NO. 00043-4 Aracruz Celulose S.A. 42.157.511/0001-61 - --------------------------------------------------------------------------------
13.01 - MAIN PROPERTIES 1 - ITEM 2 - TYPE 3 - ADDRESS 4 - CITY 5 - STATE 6 - TOTAL AREA 7 - BUILDING (000 M2) AREA (000 HA) 17 Forests Aracruz Aracruz ES 343,290,000 - 18 Forests Fundao Fundao ES 5,680,000 - 19 Forests Linhares Linhares ES 36,930,000 - 20 Forests Serra Serra ES 26,120,000 - 21 Forests Sooretama Sooretama ES 8,490,000 - 22 Forests Conceicao da Barra Conceicao da Barra ES 256,260,000 - 23 Forests Pinheiros Pinheiros ES 13,240,000 - 24 Forests Sao Mateus Sao Mateus ES 194,900,000 - 25 Forests Pedro Canario Pedro Canario ES 3,170,000 - 26 Forests Alcobaca Alcobaca BA 275,140,000 - 27 Forests Ibirapuan Ibirapuan BA 83,030,000 - 28 Forests Mucuri Mucuri BA 136,920,000 - 29 Forests Nova Vicosa Nova Vicosa BA 198,280,000 - 30 Forests Prado Prado BA 4,040,000 - 31 Forests Caravelas Caravelas BA 223,450,000 -
1 - ITEM 9 - INSURANCE 10 - MORTGAGE 11 - RENTED 12 - BEGINNIG 13 - END OF FROM THIRD OF CONTRACT CONTRACT PERSONS 17 Y N N 18 Y N N 19 Y N N 20 Y N N 21 Y N N 22 Y N N 23 Y N N 24 Y N N 25 Y N N 26 Y N N 27 Y N N 28 Y N N 29 Y N N 30 Y N N 31 Y N N
42 FEDERAL PUBLIC SERVICE CVM - SECURITIES COMMISSION ANNUAL INFORMATION BULLETIN - IAN 12/31/2003 01.01 - IDENTIFICATION 1 - CVM CODE 2 - NAME OF THE COMPANY 3 - TAXPAYER NO. 00043-4 Aracruz Celulose S.A. 42.157.511/0001-61 - --------------------------------------------------------------------------------
13.01 - MAIN PROPERTIES 1 - ITEM 2 - TYPE 3 - ADDRESS 4 - CITY 5 - STATE 6 - TOTAL AREA 7 - BUILDING (000 M2) AREA (000 HA) 32 Land Teixeira de Freitas Teixeira de Freitas BA 77,090,000 - 33 Land Vila Valerio Vila Valerio ES 25,620,000 - 34 Land Rio Bananal Rio Bananal ES 7,600,000 - 35 Land Jaguare Jaguare ES 6,630,000 - 36 Forests Vila Valerio Vila Valerio ES 12,590,000 - 37 Forests Rio Bananal Rio Bananal ES 2,720,000 - 38 Forests Jaguare Jaguare ES 4,020,000 - 39 Forests Teixeira de Freitas Teixeira de Freitas BA 20,730,000 - 40 Land Marechal Floriano Marechal Floriano ES 20,000 - 41 Land Nanuque Nanuque MG 62,020,000 - 42 Land Vereda Vereda BA 34,433,000 - 43 Forests Vereda Vereda BA 9,960,000 - 44 Land Carlos Chagas Carlos Chagas MG 37,940,000 - 45 Land Santa Leopoldina Santa Leopoldina ES 2,370,000 - 46 Land Santa Terteza Santa Terteza ES 150,000 - 47 Land Mucurici Mucurici ES 11,270,000 - 48 Land Montanha Montanha ES 12,700,000 -
1 - ITEM 8 - AGE 9 - INSURANCE 10 - MORTGAGE 11 - RENTED 12 - BEGINNIG 13 - END OF (YEARS) FROM THIRD OF CONTRACT CONTRACT M2) PERSONS 32 - N N N 33 3 N N N 34 3 N N N 35 3 N N N 36 - Y N N 37 - Y N N 38 - Y N N 39 - Y N N 40 5 N N N 41 - N N N 42 - N N N 43 - Y N N 44 1 N N N 45 - N N N 46 - N N N 47 2 N N N 48 2 N N N
43 FEDERAL PUBLIC SERVICE CVM - SECURITIES COMMISSION ANNUAL INFORMATION BULLETIN - IAN 12/31/2003 01.01 - IDENTIFICATION 1 - CVM CODE 2 - NAME OF THE COMPANY 3 - TAXPAYER NO. 00043-4 Aracruz Celulose S.A. 42.157.511/0001-61 - -------------------------------------------------------------------------------- 14.03 - OTHER INFORMATION CONSIDERED IMPORTANT FOR BEST UNDERSTANDING OF THE COMPANY - -------------------------------------------------------------------------------- RIOCELL ACQUISITION On January 7, 2004, Riocell S.A. was incorporated by Aracruz Celulose S.A PARTICIPATION OF CONTROLLERS, ADMINISTRATORS, FISCAL COUNCIL AND IN CIRCULATION.
POSITION IN APRIL 30, 2004 SHAREHOLDER COMMON STOCK % PREFERRED % PREFERRED % TOTAL SHARES % STOCK A STOCK B CONTROLLING 439,400,228 96.5 37,736,642 99,1 92,037,707 17.1 569,174,577 55.1 Lorentzen (5) 127,506,457 28.0 127,506,457 12.3 Safra (6) 127,506,457 28.0 27,736,642 72.8 57,875,517 10.7 213,118,616 20.6 VCP 127,506,457 28.0 127,506,457 12.3 BNDES 56,880,857 12.5 10,000,000 26.3 34,162,190 6.3 101,043,047 9.8 ADMINISTRATING 224,190 0.0 5,000 0.0 260,525 0.0 489,715 0.0 Senior Management 224,190 0.0 5,000 0.0 243,327 0.0 472,517 0.0 Directors 17,198 0.0 17,198 0.0 STATUTORY AUDIT COMMITTE 10 0.0 10 0.0 TREASURY STOCK (1) 483,114 0.1 1,378,000 0.3 1,861,114 0.2 OTHER SHAREHOLDERS (2) 15,283,157 3.4 342,986 0.9 445,402,561 82.6 461,028,703 44.7 TOTALS OF EMITTED STOCKS (3) 455,390,699 100.0 38,084,628 100.0 539,078,793 100.0 1,032,554,120 100.0 STOCKS IN CIRCULATION (4) 15,507,357 3.4 347,986 0.9 445,663,086 82.7 461,518,429 44.7
OBS.: (1) Emitted actions and repurchased by Co., awaiting cancellation. (2) Total of stocks less stocks in Treasury, members of the board fiscal , board of the directors (including substitutes) and controllers. (3) Total number of subscript stocks and emitted by Co. (4) Total of stocks emitted less stocks in Treasury and in being able to of the Controllers. (5) Participation of the group Lorentzen composed for: Arapar S.A. 127,494,497 Common stock and Lorentzen Enterprises 11,960 Common stock. (6) Participation of the group Safra composed for: Arainvest Participacoes S.A. 127,506,457 Common stock , Treasure Hold Investments Corp. 57,875,517 PNB stock and Sodepa Soc. Empr. Publ. Part. S.A. 11,960 PNA stock. 44 FEDERAL PUBLIC SERVICE CVM - SECURITIES COMMISSION ANNUAL INFORMATION BULLETIN - IAN 12/31/2003 01.01 - IDENTIFICATION 1 - CVM CODE 2 - NAME OF THE COMPANY 3 - TAXPAYER NO. 00043-4 Aracruz Celulose S.A. 42.157.511/0001-61 - -------------------------------------------------------------------------------- 14.03 - OTHER INFORMATION CONSIDERED IMPORTANT FOR BEST UNDERSTANDING OF THE COMPANY - -------------------------------------------------------------------------------- PARTICIPATION OF CONTROLLERS, ADMINISTRATORS, FISCAL COUNCIL AND IN CIRCULATION.
POSITION IN MARCH 31, 2003 SHAREHOLDER COMMON STOCK % PREFERRED % PREFERRED % TOTAL SHARES % STOCK A STOCK B CONTROLLING 439,400,226 96.5 37,736,642 93,6 92,037,709 17.2 569,174,577 55.1 Lorentzen (5) 127,506,457 28.0 127,506,457 12.4 Safra 127,506,457 28.0 27,736,642 68.8 57,875,517 10.8 213,118,616 20.6 VCP 127,506,457 28.0 127,506,457 12.4 BNDES 56,880,855 12.5 10,000,000 24.8 34,162,192 6.4 101,043,047 9.8 ADMINISTRATING 220,206 114,600 334,806 Senior Management 220,206 24,402 244,608 Directors 90,198 90,198 STATUTORY AUDIT COMMITTE 10 10 TREASURY STOCK (1) 483,114 0.1 1,374,000 0.3 1,857,114 0.2 OTHER SHAREHOLDERS (2) 15,287,143 3.4 2,589,688 6.4 443,310,822 82.6 461,187,613 44.7 TOTALS OF EMITTED STOCKS (3) 455,390,699 100.0 40,326,290 100.0 536,837,131 100.0 1,032,554,120 100.0 STOCKS IN CIRCULATION (4) 15,507,359 3.4 2,588,648 6.4 443,425,422 82.6 461,522,429 44.7
OBS.: (1) Emitted actions and repurchased by Co., awaiting cancellation. (2) Total of stocks less stocks in Treasury, members of the board fiscal , board of the directors (including substitutes) and controllers. (3) Total number of subscript stocks and emitted by Co. (4) Total of stocks emitted less stocks in Treasury and in being able to of the Controllers. (5) Participation of the group Lorentzen composed for: Arapar S.A. 127,494,497 Common stock and Lorentzen Enterprises 11,960 Common stock. 45 FEDERAL PUBLIC SERVICE CVM - SECURITIES COMMISSION ANNUAL INFORMATION BULLETIN - IAN 12/31/2003 01.01 - IDENTIFICATION 1 - CVM CODE 2 - NAME OF THE COMPANY 3 - TAXPAYER NO. 00043-4 Aracruz Celulose S.A. 42.157.511/0001-61 - -------------------------------------------------------------------------------- 14.05 - CAPITAL EXPENDITURES PROJECTS - -------------------------------------------------------------------------------- In 2003, Aracruz achieved important advances in its growth strategy, whose goal is to obtain an even more significant share of the short fiber pulp market in order to assure better shareholder returns. One of the initiatives was the acquisition of Riocell S.A. in Rio Grande do Sul, a producer of bleached eucalyptus pulp that exports most of its production. Riocell's nominal pulp production capacity after its latest expansion project is 390,000 tons per year. Its forestry operations encompass 40,000 hectares of eucalyptus plantations located, on average, 85 km from the mill. Since it was acquired, Riocell -- now the Aracruz Guaiba Unit -- has set successive production records, reaching an annual marK of 405,000 tons. The amount paid by the end of the acquisition process was US$ 567 million. Synergies identified in the commercial, financial and tax areas, estimated at a current value of US$ 107 million, reduce the final acquisition cost to approximately US$ 1,100 per ton. According to a study conducted by McKinsey Consulting, mergers and acquisitions in the world forest products sector generate average synergy gains of 6.5 percent of annual sales of the acquired company. Applying the same methodology and taking into account already identified and potential synergies, the purchase of Riocell will generate gains of about 10 percent. Another highlight occurred at the beginning of May when, together with Stora Enso, we announced the decision to build the Veracruz Celulose S.A. mill in the south of Bahia, which will have the capacity to produce 900,000 tons per year of bleached eucalyptus pulp. Aracruz and Stora Enso each hold a 50 percent ownership stake in Veracel and operations are scheduled to begin during the second half of 2005. Some US$ 300 million has already been invested in the project out of an estimated total investment of US$ 1.24 billion. The total investment per ton is about US$ 1,380. The internal rate of return is estimated at 18 percent, based upon a premise of a CIF average price of US$ 515 per ton, at constant amounts. Of the US$ 1 billion to be invested by 2005, 40 percent is an injection of capital by the controlling shareholders and the remainder comes through direct financing of Veracel provided by the BNDES, the European Investment Bank (EIB) and the Nordic Investment Bank (NIB). Seeking to boost productivity, we proceeded to enhance the logistics of raw materials supply through a groundbreaking wood transportation mode for Brazil -- maritime shipping -- which was responsible for 17% of total wood consumeD and is expected to reach approximately 29% in 2004. Furthermore, we improved our rail transportation logistics, now to account for five per cent of the volume transported. Besides optimizing wood transportation costs, these initiatives help reduce truck traffic on normally congested public highways. We also revised pulp distribution procedures, achieving efficiency gains and offering better customer service. Also, we continued to update our information systems, implementing latest generation tools and technologies for managing internal processes. The initiatives carried out between 1999 and 2003 represented an increase of approximately US$ 1 billion in the value of the company, as demonstrated in the following chart VALUE ADDED OVER A PERIOD OF FIVE YEARS (*) - US$ MILLION Fiberline C 550 Veracel Project 180 Aracruz Guaiba Unit 140 Others 100 (*) Current net value of the main projects - base December 2003. 46 FEDERAL PUBLIC SERVICE CVM - SECURITIES COMMISSION ANNUAL INFORMATION BULLETIN - IAN 12/31/2003 01.01 - IDENTIFICATION 1 - CVM CODE 2 - NAME OF THE COMPANY 3 - TAXPAYER NO. 00043-4 Aracruz Celulose S.A. 42.157.511/0001-61 - -------------------------------------------------------------------------------- 15.01 - ENVIRONMENTAL MATTERS - -------------------------------------------------------------------------------- The Aracruz Environmental and Social Management System was fully implemented during the year, with Environmental and Social Action committees set up along with Internal Accident Prevention Commissions (CIPAs). TREATMENT OF LIQUID EFFLUENT Aracruz's effluent treatment comprises a primary treatment and a biological treatment. The primary treatment removes suspended solids and neutralizes the effluent. The quality of the treated effluent is: - - Suspended Solids (SS): 1.63 kg/air dry ton pulp; - - Organically bound chlorine (AOX): 0.12 kg/ air dry ton pulp; - - Chemical oxygen demand (COD): 16.1 kg/ air dry ton pulp; - - Biochemical oxygen demand: 1.32 kg/ air dry ton pulp; - - Color: 31.6 kg/ air dry ton pulp. Liquid effluent are treated in six biological lagoons (area: 37 hectares; detention time: 6 days), and then pumped via underwater pipe to an outlet 1,700 meters from the coast, where they are ejected at a depth of 17 meters. The Company systematically monitors the coastal water near the pulp mill to evaluate the possible impact of the effluents on the marine environment. These test are run by universities and research institutes under the supervision of state environmental agencies, and never have discovered any significant alterations to the receiving body. The conception of the treatment project guarantees a safe discard of liquid effluent into the sea ecosystem. TREATMENT OF WASTE GASES Based on the same philosophy as its liquid effluent treatment system, Aracruz has always sought to ensure that all factors - and particularly the environment - - in its project designs are duly taken into consideration to the highest degree. In order to give a very brief overview of waste gases treatment, some stages and equipment are described: o CONTINUOUS DIGESTORS: They are used for cooking wood-chips: the odor-forming compounds from this stage of the process are collected and burned in lime kilns; o CONDENSATE STRIPPERS: The contaminated condensates from the evaporation stage and the continuous digestors are purified by a condensate steam stripper, and odorous gases from this treatment are collected and burned in lime kilns; 47 FEDERAL PUBLIC SERVICE CVM - SECURITIES COMMISSION ANNUAL INFORMATION BULLETIN - IAN 12/31/2003 01.01 - IDENTIFICATION 1 - CVM CODE 2 - NAME OF THE COMPANY 3 - TAXPAYER NO. 00043-4 Aracruz Celulose S.A. 42.157.511/0001-61 - -------------------------------------------------------------------------------- 15.01 - ENVIRONMENTAL MATTERS - ------------------------------------------------------------------------------- o RECOVERY BOILERS: Aracruz was one of the first industries in Brazil to use the low-odor recovery boiler. Gases produced by burning off the black liquor in the boiler are run through electrostatic precipitators that remove particulate material in suspension before being released through 85-meter high flue gas stacks that guarantee widespread dispersion of gases in the atmosphere. The efficiency of this system is over 99%. o POWER BOILERS: They are used to burn eucalyptus bark. In the case of Boiler No. 1, the gases resulting from this combustion pass electrostatic precipitators that removes particulate material in suspension before these gases are discharged through 85-meter high flue gas stacks. The auxiliary boilers also burn off low-concentration odor-forming compounds collected from the black-liquor tank blow-valves and the pressurized wood-chip bin of the digestor. o LIME KILN: part of the closed liquor circuit, this burns the calcium carbonate. Gases from the lime kiln are cleaned by a high-efficiency electrostatic precipitator. The lime furnace also burns off gases containing the odor-forming compounds; o INCINERATOR: It burns off odor-forming gases when the lime kiln is out of operation, thus avoiding these gases being discharged into the atmosphere; o BLEACHING: The gases from this operation are collected and scrubbed in an alkaline absorption gas-scrubber system and are then discharged into the atmosphere free of any undesirable compounds. At Aracruz, 99% of particulate material is removed and cycled back into the process for reuse; 98% of the odor-forming compounds are eliminated through direct burning in the lime kiln, thus minimizing gases discharged into the atmosphere, in accordance with the strictest environmental controls in practice today. * * * 48 FEDERAL PUBLIC SERVICE CVM - SECURITIES COMMISSION ANNUAL INFORMATION BULLETIN - IAN 12/31/2003 01.01 - IDENTIFICATION 1 - CVM CODE 2 - NAME OF THE COMPANY 3 - TAXPAYER NO. 00043-4 Aracruz Celulose S.A. 42.157.511/0001-61 - -------------------------------------------------------------------------------- 16.01 - LAWSUITS WITH HIGH VALUE TO 5% OF THE EQUITY OR OF THE NET PROFIT - --------------------------------------------------------------------------------
1 -ITEM 2 - DESCRIPTION 3 - % NET EQUITY 4 - % NET PROFIT 5 - PROVISION 6 - VALUE (IN REAIS 000) 01 LABOR DISPUTE 0.61 1.97 YES 17,278 02 TRIBUTARY / FISCAL 8.33 26.66 YES 234,269 03 OTHER 0 0 NO 0
49 FEDERAL PUBLIC SERVICE CVM - SECURITIES COMMISSION ANNUAL INFORMATION BULLETIN - IAN 12/31/2003 01.01 - IDENTIFICATION 1 - CVM CODE 2 - NAME OF THE COMPANY 3 - TAXPAYER NO. 00043-4 Aracruz Celulose S.A. 42.157.511/0001-61 - -------------------------------------------------------------------------------- 17.01 - TRANSACTIONS WITH RELATED PARTIES - -------------------------------------------------------------------------------- Transactions with related parties are at values, terms and financial charges contracted at market conditions and can be shown as follows:
2003 ------------------------------------------------------------------------------------------------------ PORTOCEL TERMINAL ARACRUZ ARACRUZ VERACEL MUCURI ESPECIALIZADO PRODUTOS TRADING CELULOSE AGROFLORESTAL DE BARRA DO DE MADEIRA S.A. S.A. S.A. RIACHO S.A. S.A. TOTAL ----------------- ----------- -------------- -------------- ------------ ----------- Current assets 456,735 4 2 456,741 Long-term assets 1 532 1 534 Current liabilities (I) 350,528 18,158 619 27 369,332 Long-term liabilities 1,733,520 1,733,520 Sales revenue 2,701,972 310 2,702,282 Payments of port services 10,535 10,535 Purchase of wood and splinter 232,116 2,172 234,288 Monetary and Exchange (123,619) (123,619) Variance, net
(i) On 2002 the account balance is enhanced of R$ 548,810 due to the eurobonds issued by Aracruz Celulose S.A., and acquired by its subsidiary , Aracruz Trading S.A.. 50 FEDERAL PUBLIC SERVICE CVM - SECURITIES COMMISSION ANNUAL INFORMATION BULLETIN - IAN 12/31/2003 01.01 - IDENTIFICATION 1 - CVM CODE 2 - NAME OF THE COMPANY 3 - TAXPAYER NO. 00043-4 Aracruz Celulose S.A. 42.157.511/0001-61 - -------------------------------------------------------------------------------- 18.01 - BYLAWS - -------------------------------------------------------------------------------- CHAPTER I NAME, PURPOSE, MAIN OFFICE AND DURATION Article 1: ARACRUZ CELULOSE S.A. shall be governed by these Bylaws and applicable laws. Article 2: The purpose of the Corporation is to forest, to reforest, to industrialize and trade with forest products, to explore renewable sources of energy, and to engage in industrial and commercial activities, as well as agricultural and rural activities in general, authorized for those purposes: I - to participate in any modes of other business enterprises, resulting from a decision by the Board of Directors on a proposal by the Board of Officers. II - to engage in any activity and to carry out any services, directly and indirectly related to its principal activities, including import and export. Article 3: The Corporation shall have its main office and jurisdiction in the City of Rio de Janeiro, State of Rio de Janeiro and fiscal domicile in the County of Aracruz, State of Espirito Santo, and it may open offices and other facilities in the country, as a result of a decision of the Board of Officers, and, resulting from a decision by the Board of Directors on a proposal by the Board of Officers, offices and other facilities abroad. Article 4: The Corporation shall have an indeterminate period of duration. CHAPTER II CAPITAL STOCK AND SHARES Article 5: The underwritten capital stock is of R$ 1,854,506,731.94 (one billion, eight hundred and fifty four million, five hundred and six thousand, seven hundred and thirty one reais and ninety four cents), divided into 1,032,554.120 (one billion, thirty two million, five hundred and fifty four thousand, one hundred and twenty) nominative shares, with no face value, 455,390,699 (four hundred and fifty five million, three hundred and ninety thousand, six hundred and ninety nine) being common shares and 577,163,421 (Five hundred and seventy seven million, one hundred and sixty three thousand, four hundred and twenty one) classes A and B preferred shares. 51 FEDERAL PUBLIC SERVICE CVM - SECURITIES COMMISSION ANNUAL INFORMATION BULLETIN - IAN 12/31/2003 01.01 - IDENTIFICATION 1 - CVM CODE 2 - NAME OF THE COMPANY 3 - TAXPAYER NO. 00043-4 Aracruz Celulose S.A. 42.157.511/0001-61 - -------------------------------------------------------------------------------- 18.01 - BYLAWS - -------------------------------------------------------------------------------- First Paragraph: Up to the limit of R$ 2,450,000,000.00 (two billion, four hundred and fifty million reais) the underwritten capital stock may be increased, independently of alteration in the Bylaws, through deliberation of the Board of Directors, proposed by Management, except when it is the underwriting of stocks for the realization of assets, in which case it will depend on the approval of the General Stockholders' Meeting. Second Paragraph: The increases in the capital stock may occur without obeying the previous proportion between the several types and classes of shares. Third Paragraph: The decision about the hereinabove Paragraph befalls to the General Stockholders' Meeting. Fourth Paragraph: The number of preferred shares with no voting rights, or those subject to restrictions to exercise those rights, may not be higher than 2/3 of the total shares issued, with the exception of the special provisions of the fiscal incentive laws. Fifth Paragraph: Splitting shall always be made of the same type and class of the split shares; capital stock increases arising from capitalization of reserves resulting from indexing of the realized capital stock, shall be carried out with no changes in the number of shares issued; the distribution of new shares resulting from the increase of the capital stock through the capitalization of profits and reserves not resulting from the aforementioned capitalization, shall be carried out, in respect of the common shares, by the distribution of the same types of shares, and in respect of the preferred shares, by the distribution of class B preferred shares. Article 6: Each common share shall be entitled to a vote in the deliberations of the General Stockholders' Meetings. Article 7: Preferred shares shall not be entitled to vote, but they are assured a dividend 10% (ten per cent) higher than the one attributed to common shares, and also the priority in the capital reimbursement, in the event of liquidation of the Corporation 52 FEDERAL PUBLIC SERVICE CVM - SECURITIES COMMISSION ANNUAL INFORMATION BULLETIN - IAN 12/31/2003 01.01 - IDENTIFICATION 1 - CVM CODE 2 - NAME OF THE COMPANY 3 - TAXPAYER NO. 00043-4 Aracruz Celulose S.A. 42.157.511/0001-61 - -------------------------------------------------------------------------------- 18.01 - BYLAWS - -------------------------------------------------------------------------------- First Paragraph: Without prejudice of what is set forth in Article 7 above, Class A preferred shares shall have priority to receive a 6% (six per cent) minimum annual dividend, calculated on the amount of capital stock they represent and divided between them in equal amounts. Second Paragraph: Class B preferred shares, although being entitled to a dividend as set forth in Article 7 above, shall have no priority to receive dividends Third Paragraph: Class A preferred shares may be converted into class B shares, the cost of the conversion to be borne by the interested shareholder. Article 8: Shares may be maintained in a deposit account, in the name of their respective holders, with no issue of Certificates, in financial institution of good repute, accredited by the Securities and Exchange Commission (Comissao de Valores Mobiliarios) appointed by the Board of Officers, with the approval of the Board of Directors. Sole Paragraph: The interested shareholders shall bear the costs of the transfer services of the property of posted shares, within the limits determined by the Securities and Exchange Commission. Article 9: Each class of shares shall have its own set of numbers. Article 10: Share certificates shall always be signed by 2 (two) Officers, and the Corporation may issue multiple securities and bonds. Article 11: The rights of preference of shareholders in the underwriting increases of the capital stock shall be assured of a term no shorter than 30 (thirty) days, pursuant to the law. First Paragraph: The 30 (thirty) day term, provided for under this article, shall be counted from the publication date of the underwriting notice in the State Official Gazette. 53 FEDERAL PUBLIC SERVICE CVM - SECURITIES COMMISSION ANNUAL INFORMATION BULLETIN - IAN 12/31/2003 01.01 - IDENTIFICATION 1 - CVM CODE 2 - NAME OF THE COMPANY 3 - TAXPAYER NO. 00043-4 Aracruz Celulose S.A. 42.157.511/0001-61 - -------------------------------------------------------------------------------- 18.01 - BYLAWS - -------------------------------------------------------------------------------- Second Paragraph: The shareholder who does not pay the installments corresponding to the shares provided for in the Bulletin or in the notice, shall be subject to the payment of delinquent interest, at a rate of 12% (twelve per cent) per annum, indexing and a 10% (ten per cent) fine on the amount of the installment. CHAPTER III GENERAL STOCKHOLDERS' MEETINGS Article 12: General Stockholders' hold Meetings shall be held until April 30th of every year, and Special Meetings shall be held whenever required by the interests of the Corporation. Sole Paragraph: The General Stockholders' Meetings shall be chaired by the President of the Board of Directors, who will chose from among those present one or more Secretaries. Article 13: The General Meeting shall determine the general amount of the remuneration of the Board of Directors and of the Board of Officers. Sole Paragraph: The apportionment of the remuneration among the administrators shall be determined by the Board of Directors. CHAPTER IV ADMINISTRATION Article 14: The Corporation shall be managed by a Board of Directors and a Board of Officers. SECTION I Board of DIRECTORS Article 15: The Board of Directors will be constituted by a minimum of 9 (nine) and a maximum of 12 (twelve) member, one of which the President, stockholders, residents in the country, elected in the General Meeting for a period of 3 (three) years, reelection permitted, and remaining in office until their successors take office. 54 FEDERAL PUBLIC SERVICE CVM - SECURITIES COMMISSION ANNUAL INFORMATION BULLETIN - IAN 12/31/2003 01.01 - IDENTIFICATION 1 - CVM CODE 2 - NAME OF THE COMPANY 3 - TAXPAYER NO. 00043-4 Aracruz Celulose S.A. 42.157.511/0001-61 - -------------------------------------------------------------------------------- 18.01 - BYLAWS - -------------------------------------------------------------------------------- First Paragraph: Any Member of the Board of Directors may submit to the General Meeting the appointment of an alternate with the responsibility of substituting for mentioned Member in the Board of Directors Meetings. Second Paragraph: The installation of the Board Members will be through an Installation Record entered into the Book of Minutes of the Board of Directors Meetings. Third Paragraph: Once installed, the Board of Directors shall elect 2 (two) from amongst its members, who, in the indicated order, will sit for the President in the event of fortuitous absence or impediment. Fourth Paragraph: The Board of Directors may, whenever it deems necessary, set up Committees with advisory and briefing duties on subjects under its responsibility. Fifth Paragraph: The Committees mentioned in the Fourth Paragraph may work part-time or full-time and be constituted, in addition to the members of the Board of Directors, by any member of the Board of Officers and other individuals invited for that purpose. Article 16: It is the responsibility of the Board of Directors: I - to establish the general guidance for the business of the Corporation and to determine the related financial and economic policies; II - to elect and dismiss the Officers, and by proposal of the Officer-President, to establish their respective responsibilities; III - to supervise the Officers' administration, to examine at any time books and documents of the Corporation, to seek information about agreements entered into or to be entered into and about any other acts; 55 FEDERAL PUBLIC SERVICE CVM - SECURITIES COMMISSION ANNUAL INFORMATION BULLETIN - IAN 12/31/2003 01.01 - IDENTIFICATION 1 - CVM CODE 2 - NAME OF THE COMPANY 3 - TAXPAYER NO. 00043-4 Aracruz Celulose S.A. 42.157.511/0001-61 - -------------------------------------------------------------------------------- 18.01 - BYLAWS - -------------------------------------------------------------------------------- IV - to call the General Stockholders' Meetings; V - to give their opinion about the Administration report and the Board of Officers' accounts; VI - to deliberate about capital stock increases and the resulting issue of shares, determining the issue price, according to the limit of the authorized capital stock, except in respect to the provisions under Article Five, Third Paragraph, if that may be the case. VII - to authorize the alienation, mortgage and in any manner, the encumbrance of property of the permanent assets of the Corporation, extending guarantees to obligations of third parties, except the personal guarantees in favor of the companies controlled by the Corporation itself, that will waive the anticipated authorization; VIII - to appoint and dismiss independent auditors; IX - to guide and advise the Board of Officers in all matters of interest to the Corporation; X - to supervise the administration of company business, in order to assure that the deliberations of the General Stockholders' Meeting and of the Board of Directors itself are complied with; XI - to approve plans, programs and financial and investment budgets of the Corporation; XII - to approve the guidance to be complied with by the representative of the Corporation in the General Stockholders' Meetings of the Controlled and affiliated Companies or which it is a part; XIII- to approve in advance any agreement to be entered into by the Corporation and its stockholders; XIV- to authorize the purchase of its own shares, for the cancellation or permanence of same in the Treasurer's office and future alienation; XV- to decide about the issue of Commercial Papers. XVI - to approve the position to be observed by the representative of the Company in Boards of Directors or other deliberative bodies, of companies in which the Company holds a controlling interest, but not holds the control solely; of affiliated corporations; and of corporations in which the Company has a stockholder's interest with respect to relevant matters, such as, but not limited to, election of officers, participation in other corporations, trading of shareholder's interests, increase of capital stock or authorized capital, approval of business plans and its amendments, modification of by-laws, issue of securities, sale or encumbrance of the company's permanent assets, agreements with related persons and investments in new capacity production; and XVI - to approve the position to be observed by the representative of the Company in Boards of Directors or other deliberative bodies, of companies in which the Company holds a controlling interest, but not holds the control solely; of affiliated corporations; and of corporations in which the Company has a stockholder's interest with respect to relevant matters, such as, but not limited to, election of officers, participation in other corporations, trading of shareholder's interests, increase of capital stock or authorized capital, approval of business plans and its amendments, modification of by-laws, issue of securities, sale or encumbrance of the company's permanent assets, agreements with related persons and investments in new capacity production; and 56 FEDERAL PUBLIC SERVICE CVM - SECURITIES COMMISSION ANNUAL INFORMATION BULLETIN - IAN 12/31/2003 01.01 - IDENTIFICATION 1 - CVM CODE 2 - NAME OF THE COMPANY 3 - TAXPAYER NO. 00043-4 Aracruz Celulose S.A. 42.157.511/0001-61 - -------------------------------------------------------------------------------- 18.01 - BYLAWS - -------------------------------------------------------------------------------- XVII - the final portion of the item VII of this article shall not be applicable if it is a Company in which the Company holds a controlling interest, but not holds the control solely, in such case, it shall be necessary the previous approval of the Board of Directors to grant any guarantees or security interests. Article 17: The Board of Directors will hold meetings whenever required by the interests of the company, called by the President or by at least 3 (three) of its Members. The decisions shall be taken by majority of votes, with the attendance of more than half of its Members. First Paragraph: The meetings will be called by letter or telegram, with at least 5 (five) days of advance notice. Second Paragraph: The Officers will attend the meetings of the Board of Directors, whenever called to do so. Third Paragraph: The President may invite a Member of the Board of Directors to act as secretary to the meetings. Article 18: In the event that an office in the Board of Directors becomes vacant the respective alternate will be called and in the absence of the latter, a substitute will be appointed by the other members of the Board and will perform the respective duties until the next General Stockholders' Meeting is held. Sole Paragraph: The successors that are elected shall complete the term of office of their respective predecessors. Article 19: The following specific duties are incumbent upon the President: 1. to chair the General Stockholders' Meetings; 2. to call and chair the Board of Directors Meetings; 3. to supervise the administrative services of the Board; 4. to organize and have the agenda of each meeting distributed, as well as the necessary information transmitted to the members of the Board of Directors, at least 5 (five) working days in advance of the date of each meeting. 57 FEDERAL PUBLIC SERVICE CVM - SECURITIES COMMISSION ANNUAL INFORMATION BULLETIN - IAN 12/31/2003 01.01 - IDENTIFICATION 1 - CVM CODE 2 - NAME OF THE COMPANY 3 - TAXPAYER NO. 00043-4 Aracruz Celulose S.A. 42.157.511/0001-61 - -------------------------------------------------------------------------------- 18.01 - BYLAWS - -------------------------------------------------------------------------------- SECTION II Board of OFFICERS Article 20: The Board of Officers shall be constituted by a minimum of 2 (two) and a maximum of 8 (eight) members, shareholders or otherwise, resident in the country, one the Officer-President and the remainder Officers, one among them, if so previously appointed by the Board of Directors, may have the title of Officer-Vice-President and, in addition to his permanent duties shall substitute the Officer-President in his temporary impediments and shall succeed him in the event of vacancy, until the Board of Directors elects a substitute to complete the term of office of the substituted officer. First Paragraph: The members of the Board of Officers shall be elected by the Board of Directors for a 3 (three) year term of office, may be reelected and will remain in office until the installation of their successors. Second Paragraph: The installation of the Officers will be through an Installation Record entered into the Book of Minutes of the Board of Officers' Meetings. Article 21: The Board of Officers shall have full powers to administrate and manage company business, to perform all the acts and duties of all the operations related to the purpose of the Corporation, provided the guidance and decisions of the Board of Directors and the General Stockholders' Meeting are complied with. Sole Paragraph: Subject to the provisions of Item VII under Article 16, the Board of Officers by collective decision may authorize the alienation of chattels and equipment that have become nonserviceable, unnecessary or obsolete. Article 22: It is incumbent upon the Officer-President to perform executive duties of the Corporation, with responsibilities of organizing, coordinating and supervising the activities of the other Officers, ensuring that the deliberations and guidance determined by the General Stockholders' Meetings and Board of Directors are faithfully observed. First Paragraph: In addition, the following specific duties are also incumbent upon the Officer-President: I - to call and chair the Board of Officers' Meetings; II - to keep the Board of Directors informed about the activities of the Corporation. 58 FEDERAL PUBLIC SERVICE CVM - SECURITIES COMMISSION ANNUAL INFORMATION BULLETIN - IAN 12/31/2003 01.01 - IDENTIFICATION 1 - CVM CODE 2 - NAME OF THE COMPANY 3 - TAXPAYER NO. 00043-4 Aracruz Celulose S.A. 42.157.511/0001-61 - -------------------------------------------------------------------------------- 18.01 - BYLAWS - -------------------------------------------------------------------------------- 18.01 - BYLAWS Second Paragraph: The other members of the Board of Officers shall have the duties assigned to them by the Board of Directors upon proposal of the Officer-President. Article 23: The provisions of Item I under Article 2 and under Items VII and XIII to XV under Article 16 of these Bylaws complied with, the members of the Board of Officers, always acting jointly in sets of two, have the responsibility of, actively and passively, representing the Corporation, in judicature or thereout, including in respect of the alienation or encumbrance of chattels of the permanent assets and the granting waivers to the obligations of third parties to the Corporation. First Paragraph: To carry out juridical acts in general the Corporation may also be represented by 01 (one) Officer jointly with 01 (one) attorney in fact or by 02 (two) attorneys in fact with special powers. Second Paragraph: The powers of attorney shall carry the signatures of 02 (two) Officers and shall precisely contain the powers being granted and, with the exception of those with ad judicia clauses, shall not be valid for more than one year. Third Paragraph: For acts of representation before federal, state and municipal public entities, government agencies, public corporations, mixed economy corporations, grantees and licensees of public utilities; in acts that do not result in obligations for the Company or in the waiver of obligations of third parties to the Company; in carrying out fiscal and social security obligations; for the preservation of its rights in administrative or any other kind of processes; in endorsing checks or credit in the bank accounts of the Company; in the handling of the checking accounts within the range of the program of purchases of small amounts, up to the limit corresponding to 03 (three) minimum salaries; and in acts that refer to the relations of the Company with its employees, the Company may be represented by 01 (one) Officer only or by 01 (one) attorney in fact only with specific powers. Fourth Paragraph: To act in a jurisdiction beyond the limits of its main office, authorized according to these Bylaws, the Corporation may be represented by 01 (one) Officer only or by 01 (one) attorney in fact only with explicit powers to carry out the specific act, provided this representative is appointed by a joint decision of the Board of Officers. 59 FEDERAL PUBLIC SERVICE CVM - SECURITIES COMMISSION ANNUAL INFORMATION BULLETIN - IAN 12/31/2003 01.01 - IDENTIFICATION 1 - CVM CODE 2 - NAME OF THE COMPANY 3 - TAXPAYER NO. 00043-4 Aracruz Celulose S.A. 42.157.511/0001-61 - -------------------------------------------------------------------------------- 18.01 - BYLAWS - -------------------------------------------------------------------------------- Article 24: In the event that an office in the Board of Officers becomes vacant, the Board of Directors shall elect a substitute to complete the remaining period of the term of office of the substituted member. Sole Paragraph: With the exception of the provisions under Article 20, during the temporary absences and impediments of any Officer, he shall be substituted for by the Officer-President or by any other Officer he appoints. Pursuant to this paragraph, the substitutes shall perform their duties cumulative with those of the substituted Officer until the latter resumes his duties. Article 25: The Board of Officers shall hold meetings whenever the interests of the Corporation so require, in the main office or in the place informed in the notification, the Officer-President or the Officer-Vice-President must be present. The decisions, registered in the minutes, shall be taken by the absolute majority of votes of the attendees, the Officer-President or Officer-Vice-President in addition to their individual vote, shall cast the deciding vote. CHAPTER V FINANCIAL BOARD Article 26: The Corporation shall have a permanent Financial Board, constituted from 3 (three) to 5 (five) permanent members and equal number alternates, which shall be governed by the applicable laws. CHAPTER VI FISCAL YEAR Article 27: The Fiscal Year shall coincide with the calendar year. On December 31st of every year the balance sheet shall be set out, complying with the applicable laws, and after establishing the reserves, amortizations and depreciations determined, or permitted, by law, the following shall be deducted from the net profits earned: I - 5% (five per cent) to constitute the legal reserve fund, until its amount reaches 20% (twenty per cent) of the capital stock; II - 25% (twenty five per cent), minimum, for the payment of the compulsory dividend to stockholders, calculated on the amount of the net profit of the fiscal year adjusted pursuant to the law and complying with the priority assured to the preferred shares. 60 FEDERAL PUBLIC SERVICE CVM - SECURITIES COMMISSION ANNUAL INFORMATION BULLETIN - IAN 12/31/2003 01.01 - IDENTIFICATION 1 - CVM CODE 2 - NAME OF THE COMPANY 3 - TAXPAYER NO. 00043-4 Aracruz Celulose S.A. 42.157.511/0001-61 - -------------------------------------------------------------------------------- 18.01 - BYLAWS - -------------------------------------------------------------------------------- First Paragraph: The balance remaining shall be used according to the decision of the General Stockholders' Meeting on proposal by the Board of Directors, and if it is in session, the Financial Board shall give its recommendation. Second Paragraph: The Board of Directors may determine the setting out of a semiannual balance sheet or a shorter period, and the distribution of intermediate dividends, for the account of the profits obtained, earned surplus or the profit reserves already set up. CHAPTER VI GENERAL PROVISIONS Article 28: In order for the Corporation to comply with stockholders' agreements, the latter have to be filed in the main office of the former, and upon request from the interested, parties may be entered in the respective records and in the stock certificates. Article 29: The Corporation shall maintain a permanent department of Technological Research and Development, with specific budget resources, according to annual or pluriannual programs. Article 30: The Corporation shall maintain a social work service for its employees, with specific budget resources, according to annual or pluriannual programs. Article 31: The Corporation shall be liquidated as provided for in the law or as a result of a decision of the General Stockholders' Meeting. Sole Paragraph: It is the responsibility of the General Stockholders' Meeting to determine the manner by which the liquidation shall occur, and the Board of Directors, who shall remain in office, shall appoint the liquidator. Pursuant to the law, the operation of the Financial Board shall depend upon request from the shareholders. 61 FEDERAL PUBLIC SERVICE CVM - SECURITIES COMMISSION ANNUAL INFORMATION BULLETIN - IAN 12/31/2003 01.01 - IDENTIFICATION 1 - CVM CODE 2 - NAME OF THE COMPANY 3 - TAXPAYER NO. 00043-4 Aracruz Celulose S.A. 42.157.511/0001-61 - -------------------------------------------------------------------------------- 18.01 - BYLAWS - -------------------------------------------------------------------------------- CHAPTER VIII TEMPORARY PROVISIONS Article 32: Pursuant to the terms of Article 172 of Law number 6,404/76 of December 15th, 1976, the right of preference assured to stockholders under the terms of Article 11 of these Bylaws shall not apply to the increase of the capital stock to be carried out in 1992, by public underwriting in Brazil and simultaneous issue of American Depositary Receipts (ADR) abroad, nor to the subsequent additional increase, which will be carried out to meet the option to be granted to the underwriters of mentioned increase, pursuant to the usual practice in the international market, to an amount not higher than 15% (fifteen percent) of its respective value. Article 33: It shall be the responsibility of the Board of Directors to deliberate about the aforementioned Article and to effect all the other necessary acts for the referred capital stock increases, according to the terms of Article 16, Item VI of these Bylaws, mentioned capital stock increases may be effected independently of the prior proportion between the different types and classes of shares, and the provisions of Article 5, Third Paragraph shall not apply to referred capital stock increases. vvvvvv Identical to the original. Transcribed from the competent book. (Signed) - Jose Luiz Braga - Legal Manager. 62 FEDERAL PUBLIC SERVICE CVM - SECURITIES COMMISSION ANNUAL INFORMATION BULLETIN - IAN 12/31/2003 01.01 - IDENTIFICATION 1 - CVM CODE 2 - NAME OF THE COMPANY 3 - TAXPAYER NO. 00043-4 Aracruz Celulose S.A. 42.157.511/0001-61 - -------------------------------------------------------------------------------- 19.0- SUBSIDIARIES - -------------------------------------------------------------------------------- ARACRUZ TRADING S.A. - -------------------------------------------------------------------------------- 19.06 .01- BALANCE SHEET - ASSET- THOUSAND OF R$ - --------------------------------------------------------------------------------
1 - CODE 2 - DESCRIPTION 3 - DATE - 12/31/2003 4 - DATE - 12/31/2002 5 - DATE - 12/31/2001 1 TOTAL ASSETS 2,962,585 2,473,312 1,058,455 1.1 CURRENT ASSETS 1,213,968 1,331,393 477,035 1.1.1 CASH AND CASH EQUIVALENTS 161,031 62,648 36,538 1.1.2 CREDITS 924,735 1,153,120 391,063 1.1.3 INVENTORIES 124,870 114,027 49,260 1.1.4 OTHERS 3,332 1,598 174 1.2 LONG-TERM ASSETS 1,745,728 1,139,176 580,239 1.2.1 CREDITS 1,733,520 1,130,656 580,100 1.2.2 ACCOUNTS RECEIVABLE - RELATED PARTIES 0 0 0 1.2.2.1 FROM AFFILIATES 0 0 0 1.2.2.2 FROM SUBSIDIARIES 0 0 0 1.2.2.3 OTHERS 0 0 0 1.2.3 OTHERS 12,208 8,520 139 1.3 FIXED ASSETS 2,889 2,743 1,181 1.3.1 INVESTMENTS 2,889 2,743 1,181 1.3.1.1 IN AFFILIATES 0 0 0 1.3.1.2 IN SUBSIDIARIES 0 0 0 1.3.1.3 OTHER COMPANIES 0 0 0 1.3.2 PROPERTY, PLANT AND EQUIPMENT 0 0 0 1.3.3 DEFERRED CHARGES 0 0 0
63 FEDERAL PUBLIC SERVICE CVM - SECURITIES COMMISSION ANNUAL INFORMATION BULLETIN - IAN 12/31/2003 01.01 - IDENTIFICATION 1 - CVM CODE 2 - NAME OF THE COMPANY 3 - TAXPAYER NO. 00043-4 Aracruz Celulose S.A. 42.157.511/0001-61 - -------------------------------------------------------------------------------- 19.0- SUBSIDIARIES - -------------------------------------------------------------------------------- ARACRUZ TRADING S.A. - -------------------------------------------------------------------------------- 19.06.02 - - BALANCE SHEET - LIABILITY- THOUSAND OF R$ - --------------------------------------------------------------------------------
1 - CODE 2 - DESCRIPTION 3 - DATE - 12/31/2003 4 - DATE - 12/31/2002 5 - DATE - 12/31/2001 2 TOTAL LIABILITIES 2,962,585 2,473,312 1,058,455 2.1 CURRENT LIABILITIES 747,357 268,913 336,780 2.1.1 LOANS AND FINANCING 238,559 4,912 31,011 2.1.2 DEBENTURES 0 0 0 2.1.3 SUPPLIERS 506,634 262,936 305,360 2.1.4 TAXES 0 0 0 2.1.5 DIVIDENDS PAYABLE 0 0 0 2.1.6 PROVISIONS 0 0 0 2.1.7 LOANS FROM RELATED PARTIES 0 0 0 2.1.8 OTHERS 2,164 1,065 409 2.2 LONG-TERM LIABILITIES 1,758,078 1,104,156 256,002 2.2.1 LOANS AND FINANCING 1,758,078 1,104,156 232,040 2.2.2 DEBENTURES 0 0 0 2.2.3 PROVISION 0 0 0 2.2.4 LOANS FROM RELATED PARTIES 0 0 0 2.2.5 OTHERS 0 0 23,962 2.5 STOCKHOLDER'S EQUITY 457,150 1,100,243 465,673 2.5.1 PAID-IN CAPITAL 22,240 581,042 381,584 2.5.2 CAPITAL RESERVES 0 0 0 2.5.3 REVALUATION RESERVE 0 0 0 2.5.3.1 OWN ASSETS 0 0 0 2.5.3.2 SUBSIDIARIES / AFFILIATES 0 0 0 2.5.4 REVENUE RESERVES 0 0 0 2.5.4.1 LEGAL 0 0 0 2.5.4.2 STATUTORY 0 0 0 2.5.4.3 FOR CONTINGENCIES 0 0 0 2.5.4.4 UNREALIZED INCOME 0 0 0 2.5.4.5 FOR INVESTMENTS 0 0 0 2.5.4.6 SPECIAL FOR NON-DISTRIBUTED DIVIDENDS 0 0 0 2.5.4.7 OTHER UNREALIZED INCOME 0 0 0 2.5.5 RETAINED EARNINGS 434,910 519,201 84,089
64 FEDERAL PUBLIC SERVICE CVM - SECURITIES COMMISSION ANNUAL INFORMATION BULLETIN - IAN 12/31/2003 01.01 - IDENTIFICATION 1 - CVM CODE 2 - NAME OF THE COMPANY 3 - TAXPAYER NO. 00043-4 Aracruz Celulose S.A. 42.157.511/0001-61 - -------------------------------------------------------------------------------- 19.0- SUBSIDIARIES - -------------------------------------------------------------------------------- ARACRUZ TRADING S.A.
- ------------------------------------------------------------------------------------------------------------------------------------ 19.07 - STATEMENT OF CHANGES IN FINANCIAL POSITION - THOUSAND OF R$ - ------------------------------------------------------------------------------------------------------------------------------------ 1 - CODE 2 - DESCRIPTION 3 - FROM: 01/01/2003 4 - FROM: 01/01/2002 5-FROM: 01/01/2001 TO 12/31/2003 TO 12/31/2002 TO 12/31/2001 3.1 GROSS SALES AND SERVICES REVENUE 2,950,466 2,055,327 1,127,431 3.2 SALES TAXES AND OTHER DEDUCTIONS (190,458) (103,595) (53,813) 3.3 NET SALES REVENUE 2,760,008 1,951,732 1,073,618 3.4 COST OF GOODS SOLD (2,750,761) (1,621,678) (972,149) 3.5 GROSS PROFIT 9,247 330,054 101,469 3.6 OPERATING (EXPENSES) INCOME 1,109 61,104 16,161 3.6.1 SELLING (55,432) (40,317) (22,579) 3.6.2 GENERAL AND ADMINISTRATIVE (2,048) (1,473) (5,331) 3.6.3 FINANCIAL 61,637 104,147 44,097 3.6.3.1 FINANCIAL INCOME 377,329 975,459 202,867 3.6.3.2 FINANCIAL EXPENSES (315,692) (871,312) (158,770) 3.6.4 OTHER OPERATING INCOME 2,911,391 1,896,103 505,322 3.6.5 OTHER OPERATING EXPENSES (2,914,820) (1,897,927) (505,555) 3.6.6 EQUITY IN THE RESULTS OF SUBSIDIARIES 381 571 207 3.7 OPERATING INCOME (LOSS) 10,356 391,158 117,630 3.8 NON-OPERATING (EXPENSES) INCOME 0 0 0 3.8.1 INCOME 0 0 0 3.8.2 EXPENSES 0 0 0 3.9 INCOME(LOSS) BEFORE INCOME TAXES AND MANAGEMENT REMUNERATION 10,356 391,158 117,630 3.10 INCOME TAX AND SOCIAL CONTRIBUTION 0 0 0 3.11 DEFERRED INCOME TAX ES 0 0 0 3.12 MANAGEMENT REMUNERATION AND STATUORY APPROPRIATIONS 0 0 0 3.12.1 REMUNERATION 0 0 0 3.12.2 APPROPRIATIONS 0 0 0 3.15 NET INCOME (LOSS) FOR THE PERIOD 10,356 391,158 117,630 CAPITAL STOCK-QUANTITY (THOUSANDS) 7,697,000 264,447,000 264,447,000 EARNINGS PER SHARE 0,00135 0,00148 0,00044 LOSS PER SHARE - - -
65 FEDERAL PUBLIC SERVICE CVM - SECURITIES COMMISSION ANNUAL INFORMATION BULLETIN - IAN 12/31/2003 01.01 - IDENTIFICATION 1 - CVM CODE 2 - NAME OF THE COMPANY 3 - TAXPAYER NO. 00043-4 Aracruz Celulose S.A. 42.157.511/0001-61 - -------------------------------------------------------------------------------- 19.0- SUBSIDIARIES - -------------------------------------------------------------------------------- ARACRUZ CELUOSE (USA), INC.
- ------------------------------------------------------------------------------------------------------------------------------------ 19.06 .01- - BALANCE SHEET - ASSET - THOUSAND OF R$ - ------------------------------------------------------------------------------------------------------------------------------------ 1 - CODE 2 - DESCRIPTION 3 - DATE - 12/31/2003 4 - DATE - 12/31/2002 5 - DATE - 12/31/2001 1 TOTAL ASSETS 200,107 166,146 76,023 1.1 CURRENT ASSETS 200,016 166,000 75,935 1.1.1 CASH AND CASH EQUIVALENTS 6,795 9,502 6,481 1.1.2 CREDITS 110,257 89,156 40,868 1.1.3 INVENTORIES 82,964 67,342 28,586 1.1.4 OTHERS 0 0 0 1.2 LONG-TERM ASSETS 0 0 0 1.2.1 CREDITS 0 0 0 1.2.2 ACCOUNTS RECEIVABLE - RELATED PARTIES 0 0 0 1.2.2.1 FROM AFFILIATES 0 0 0 1.2.2.2 FROM SUBSIDIARIES 0 0 0 1.2.2.3 OTHERS 0 0 0 1.2.3 OTHERS 0 0 0 1.3 FIXED ASSETS 91 146 88 1.3.1 INVESTMENTS 0 0 0 1.3.1.1 IN AFFILIATES 0 0 0 1.3.1.2 IN SUBSIDIARIES 0 0 0 1.3.1.3 OTHER COMPANIES 0 0 0 1.3.2 PROPERTY, PLANT AND EQUIPMENT 91 146 88 1.3.3 DEFERRED CHARGES 0 0 0
66 FEDERAL PUBLIC SERVICE CVM - SECURITIES COMMISSION ANNUAL INFORMATION BULLETIN - IAN 12/31/2003 01.01 - IDENTIFICATION 1 - CVM CODE 2 - NAME OF THE COMPANY 3 - TAXPAYER NO. 00043-4 Aracruz Celulose S.A. 42.157.511/0001-61 - -------------------------------------------------------------------------------- 19.0- SUBSIDIARIES - -------------------------------------------------------------------------------- ARACRUZ CELUOSE (USA), INC.
- ---------------------------------------------------------------------------------------------------------------------- 19.06.02 - BALANCE SHEET - LIABILITY- THOUSAND OF R$ - ---------------------------------------------------------------------------------------------------------------------- 1 - CODE 2 - DESCRIPTION 3 - DATE - 12/31/2003 4 - DATE - 12/31/2002 5 - DATE - 12/31/2001 2 TOTAL LIABILITIES 200,107 166,146 76,023 2.1 CURRENT LIABILITIES 187,441 151,400 66,883 2.1.1 LOANS AND FINANCING 0 0 0 2.1.2 DEBENTURES 0 0 0 2.1.3 SUPPLIERS 187,083 150,936 66,695 2.1.4 TAXES 358 464 188 2.1.5 DIVIDENDS PAYABLE 0 0 0 2.1.6 PROVISIONS 0 0 0 2.1.7 LOANS FROM RELATED PARTIES 0 0 0 2.1.8 OTHERS 0 0 0 2.2 LONG-TERM LIABILITIES 0 0 0 2.2.1 LOANS AND FINANCING 0 0 0 2.2.2 DEBENTURES 0 0 0 2.2.3 PROVISION 0 0 0 2.2.4 LOANS FROM RELATED PARTIES 0 0 0 2.2.5 OTHERS 0 0 0 2.5 STOCKHOLDER'S EQUITY 12,666 14,746 9,140 2.5.1 PAID-IN CAPITAL 578 707 464 2.5.2 CAPITAL RESERVES 0 0 0 2.5.3 REVALUATION RESERVE 0 0 0 2.5.3.1 OWN ASSETS 0 0 0 2.5.3.2 SUBSIDIARIES / AFFILIATES 0 0 0 2.5.4 REVENUE RESERVES 0 0 0 2.5.4.1 LEGAL 0 0 0 2.5.4.2 STATUTORY 0 0 0 2.5.4.3 FOR CONTINGENCIES 0 0 0 2.5.4.4 UNREALIZED INCOME 0 0 0 2.5.4.5 FOR INVESTMENTS 0 0 0 2.5.4.6 SPECIAL FOR NON-DISTRIBUTED DIVIDENDS 0 0 0 2.5.4.7 OTHER UNREALIZED INCOME 0 0 0 2.5.5 RETAINED EARNINGS 12,088 14,039 8,676
67 FEDERAL PUBLIC SERVICE CVM - SECURITIES COMMISSION ANNUAL INFORMATION BULLETIN - IAN 12/31/2003 01.01 - IDENTIFICATION 1 - CVM CODE 2 - NAME OF THE COMPANY 3 - TAXPAYER NO. 00043-4 Aracruz Celulose S.A. 42.157.511/0001-61 - -------------------------------------------------------------------------------- 19.0- SUBSIDIARIES - -------------------------------------------------------------------------------- ARACRUZ CELUOSE (USA), INC.
- ---------------------------------------------------------------------------------------------------------------------- 19.07 - STATEMENT OF CHANGES IN FINANCIAL POSITION - THOUSAND OF R$ - ---------------------------------------------------------------------------------------------------------------------- 1 - CODE 2 - DESCRIPTION 3- FROM : 01/01/2003 4 - FROM: 01/01/2002 5-FROM: 01/01/2001 TO 12/31/2003 TO 12/31/2002 TO 12/31/2001 3.1 GROSS SALES AND SERVICES REVENUE 646,442 422,919 238,698 3.2 SALES TAXES AND OTHER DEDUCTIONS (69,388) (36,404) (10,816) 3.3 NET SALES REVENUE 577,054 386,515 227,882 3.4 COST OF GOODS SOLD (551,515) (371,116) (218,389) 3.5 GROSS PROFIT 25,539 15,399 9,493 3.6 OPERATING (EXPENSES) INCOME (24,233) (14,616) (8,993) 3.6.1 SELLING (15,289) (12,575) (7,347) 3.6.2 GENERAL AND ADMINISTRATIVE (2,232) (2,237) (1,969) 3.6.3 FINANCIAL (1,540) 2,196 ()525 3.6.3.1 FINANCIAL INCOME (35,313) 48,779 17,397 3.6.3.2 FINANCIAL EXPENSES 33,773 (46,583) (17,922) 3.6.4 OTHER OPERATING INCOME 0 6 848 3.6.5 OTHER OPERATING EXPENSES (5,172) (2,006) 0 3.6.6 EQUITY IN THE RESULTS OF SUBSIDIARIES 0 0 0 3.7 OPERATING INCOME (LOSS) 1,306 783 500 3.8 NON-OPERATING (EXPENSES) INCOME 0 0 0 3.8.1 INCOME 0 0 0 3.8.2 EXPENSES 0 0 0 3.9 INCOME(LOSS) BEFORE INCOME TAXES AND MANAGEMENT REMUNERATION 1,306 783 500 3.10 INCOME TAX AND SOCIAL CONTRIBUTION (698) (46) (173) 3.11 DEFERRED INCOME TAX ES 0 0 0 3.12 MANAGEMENT REMUNERATION AND STATUORY APPROPRIATIONS 0 0 0 3.12.1 REMUNERATION 0 0 0 3.12.2 APPROPRIATIONS 0 0 0 3.15 NET INCOME (LOSS) FOR THE PERIOD 608 829 327 CAPITAL STOCK-QUANTITY (THOUSANDS) 200,000 200,000 200,000 EARNINGS PER SHARE 0,00304 0,00415 0,00164 LOSS PER SHARE - - -
68 FEDERAL PUBLIC SERVICE CVM - SECURITIES COMMISSION ANNUAL INFORMATION BULLETIN - IAN 12/31/2003 01.01 - IDENTIFICATION 1 - CVM CODE 2 - NAME OF THE COMPANY 3 - TAXPAYER NO. 00043-4 Aracruz Celulose S.A. 42.157.511/0001-61 - -------------------------------------------------------------------------------- 19.0- SUBSIDIARIES - -------------------------------------------------------------------------------- MUCURI AGROFLORESTAL S.A..
- ---------------------------------------------------------------------------------------------------------------------- 19.06 .01- - BALANCE SHEET - ASSET- THOUSAND OF R$ - ---------------------------------------------------------------------------------------------------------------------- 1 - CODE 2 - DESCRIPTION 3 - DATE - 12/31/2003 4 - DATE - 12/31/2002 5 - DATE - 12/31/2001 1 TOTAL ASSETS 70,175 69,660 69,463 1.1 CURRENT ASSETS 0 0 0 1.1.1 CASH AND CASH EQUIVALENTS 0 0 0 1.1.2 CREDITS 0 0 0 1.1.3 INVENTORIES 0 0 0 1.1.4 OTHERS 0 0 0 1.2 LONG-TERM ASSETS 0 0 0 1.2.1 CREDITS 0 0 0 1.2.2 ACCOUNTS RECEIVABLE - RELATED PARTIES 0 0 0 1.2.2.1 FROM AFFILIATES 0 0 0 1.2.2.2 FROM SUBSIDIARIES 0 0 0 1.2.2.3 OTHERS 0 0 0 1.2.3 OTHERS 0 0 0 1.3 FIXED ASSETS 70,175 69,660 69,463 1.3.1 INVESTMENTS 0 0 0 1.3.1.1 IN AFFILIATES 0 0 0 1.3.1.2 IN SUBSIDIARIES 0 0 0 1.3.1.3 OTHER COMPANIES 0 0 0 1.3.2 PROPERTY, PLANT AND EQUIPMENT 70,175 69,660 69,463 1.3.3 DEFERRED CHARGES 0 0 0
69 FEDERAL PUBLIC SERVICE CVM - SECURITIES COMMISSION ANNUAL INFORMATION BULLETIN - IAN 12/31/2003 01.01 - IDENTIFICATION 1 - CVM CODE 2 - NAME OF THE COMPANY 3 - TAXPAYER NO. 00043-4 Aracruz Celulose S.A. 42.157.511/0001-61 - -------------------------------------------------------------------------------- 19.0- SUBSIDIARIES - -------------------------------------------------------------------------------- MUCURI AGROFLORESTAL S.A..
- ---------------------------------------------------------------------------------------------------------------------- 19.06.02 - BALANCE SHEET - LIABILITY- THOUSAND OF R$ - ---------------------------------------------------------------------------------------------------------------------- 1 - CODE 2 - DESCRIPTION 3 - DATE - 12/31/2003 4 - DATE - 12/31/2002 5 - DATE - 12/31/2001 2 TOTAL LIABILITIES 70,175 69,660 69,463 2.1 CURRENT LIABILITIES 0 655 458 2.1.1 LOANS AND FINANCING 0 0 0 2.1.2 DEBENTURES 0 0 0 2.1.3 SUPPLIERS 0 0 0 2.1.4 TAXES 0 0 0 2.1.5 DIVIDENDS PAYABLE 0 0 0 2.1.6 PROVISIONS 0 0 0 2.1.7 LOANS FROM RELATED PARTIES 0 655 458 2.1.8 OTHERS 0 0 0 2.2 LONG-TERM LIABILITIES 0 0 0 2.2.1 LOANS AND FINANCING 0 0 0 2.2.2 DEBENTURES 0 0 0 2.2.3 PROVISION 0 0 0 2.2.4 LOANS FROM RELATED PARTIES 0 0 0 2.2.5 OTHERS 0 0 0 2.5 STOCKHOLDER'S EQUITY 70,175 69,005 69,005 2.5.1 PAID-IN CAPITAL 72,300 71,130 71,130 2.5.2 CAPITAL RESERVES 0 0 0 2.5.3 REVALUATION RESERVE 0 0 0 2.5.3.1 OWN ASSETS 0 0 0 2.5.3.2 SUBSIDIARIES / AFFILIATES 0 0 0 2.5.4 REVENUE RESERVES 0 0 0 2.5.4.1 LEGAL 0 0 0 2.5.4.2 STATUTORY 0 0 0 2.5.4.3 FOR CONTINGENCIES 0 0 0 2.5.4.4 UNREALIZED INCOME 0 0 0 2.5.4.5 FOR INVESTMENTS 0 0 0 2.5.4.6 SPECIAL FOR NON-DISTRIBUTED DIVIDENDS 0 0 0 2.5.4.7 OTHER UNREALIZED INCOME 0 0 0 2.5.5 RETAINED EARNINGS (2,125) (2,125) (2,125)
70 FEDERAL PUBLIC SERVICE CVM - SECURITIES COMMISSION ANNUAL INFORMATION BULLETIN - IAN 12/31/2003 01.01 - IDENTIFICATION 1 - CVM CODE 2 - NAME OF THE COMPANY 3 - TAXPAYER NO. 00043-4 Aracruz Celulose S.A. 42.157.511/0001-61 - -------------------------------------------------------------------------------- 19.0- SUBSIDIARIES - -------------------------------------------------------------------------------- PORTOCEL - TERMINAL ESPECIALIZADO DE BARRA DO RIACHO
- ---------------------------------------------------------------------------------------------------------------------- 19.06.01 - BALANCE SHEET - ASSET - THOUSAND OF R$ - ---------------------------------------------------------------------------------------------------------------------- 1 - CODE 2 - DESCRIPTION 3 - DATE - 12/31/2003 4 - DATE - 12/31/2002 5 - DATE - 12/31/2001 1 TOTAL ASSETS 5,321 3,969 3,140 1.1 CURRENT ASSETS 4,068 3,021 2,289 1.1.1 CASH AND CASH EQUIVALENTS 2,813 1,998 1,763 1.1.2 CREDITS 1,242 1,023 526 1.1.3 INVENTORIES 0 0 0 1.1.4 OTHERS 13 0 0 1.2 LONG-TERM ASSETS 353 84 455 1.2.1 CREDITS 292 25 46 1.2.1.1 DEFERRED TAXES 276 6 46 1.2.1.2 TAXES 16 19 0 1.2.2 ACCOUNTS RECEIVABLE - RELATED PARTIES 0 0 0 1.2.2.1 FROM AFFILIATES 0 0 0 1.2.2.2 FROM SUBSIDIARIES 0 0 0 1.2.2.3 OTHERS 0 0 1.2.3 OTHERS 61 59 409 1.2.3.1 ESCROW DEPOSITS 61 59 0 1.3 FIXED ASSETS 900 864 396 1.3.1 INVESTMENTS 20 20 20 1.3.1.1 IN AFFILIATES 0 0 0 1.3.1.2 IN SUBSIDIARIES 0 0 0 1.3.1.3 OTHER COMPANIES 20 20 20 1.3.2 PROPERTY, PLANT AND EQUIPMENT 880 844 376 1.3.3 DEFERRED CHARGES 0 0 0
71 FEDERAL PUBLIC SERVICE CVM - SECURITIES COMMISSION ANNUAL INFORMATION BULLETIN - IAN 12/31/2003 01.01 - IDENTIFICATION 1 - CVM CODE 2 - NAME OF THE COMPANY 3 - TAXPAYER NO. 00043-4 Aracruz Celulose S.A. 42.157.511/0001-61 - -------------------------------------------------------------------------------- 19.0- SUBSIDIARIES - -------------------------------------------------------------------------------- PORTOCEL - TERMINAL ESPECIALIZADO DE BARRA DO RIACHO
- ---------------------------------------------------------------------------------------------------------------------- 19.06.02 - BALANCE SHEET - LIABILITY- THOUSAND OF R$ - ---------------------------------------------------------------------------------------------------------------------- 1 - CODE 2 - DESCRIPTION 3 - DATE - 12/31/2003 4 - DATE - 12/31/2002 5 - DATE - 12/31/2001 2 TOTAL LIABILITIES 5,321 3,969 3,140 2.1 CURRENT LIABILITIES 2,312 1,519 1,190 2.1.1 LOANS AND FINANCING 0 0 0 2.1.2 DEBENTURES 0 0 0 2.1.3 SUPPLIERS 656 511 418 2.1.4 TAXES 117 511 418 2.1.5 DIVIDENDS PAYABLE 0 0 0 2.1.6 PROVISIONS 1,006 814 604 2.1.6.1 VACATION AND 13rd SALARY 1,006 814 604 2.1.7 LOANS FROM RELATED PARTIES 533 33 122 2.1.8 OTHERS 0 1 17 2.1.8.1 PROPOSED DIVIDENDS 0 0 17 2.1.8.2 OTHERS 0 0 0 2.2 LONG-TERM LIABILITIES 1,446 1,086 647 2.2.1 LOANS AND FINANCING 0 0 0 2.2.2 DEBENTURES 0 0 0 2.2.3 PROVISION 1,383 1,055 623 2.2.3.1 TAX CONTINGENCIES 233 205 123 2.2.3.2 LABOR CONTINGENCIES 1,150 850 500 2.2.4 LOANS FROM RELATED PARTIES 0 0 0 2.2.5 OTHERS 60 31 24 2.5 STOCKHOLDER'S EQUITY 1,566 1,364 1,303 2.5.1 PAID-IN CAPITAL 1,248 1,248 1,248 2.5.2 CAPITAL RESERVES 16 6 4 2.5.3 REVALUATION RESERVE 0 0 0 2.5.3.1 OWN ASSETS 0 0 0 2.5.3.2 SUBSIDIARIES / AFFILIATES 0 0 0 2.5.4 REVENUE RESERVES 0 0 0 2.5.4.1 LEGAL 0 0 0 2.5.4.2 STATUTORY 0 0 0 2.5.4.3 FOR CONTINGENCIES 0 0 0 2.5.4.4 UNREALIZED INCOME 0 0 0 2.5.4.5 FOR INVESTMENTS 0 0 0 2.5.4.6 SPECIAL FOR NON-DISTRIBUTED DIVIDENDS 0 0 0 2.5.4.7 OTHER UNREALIZED INCOME 0 0 0 2.5.5 RETAINED EARNINGS 302 110 51
72 FEDERAL PUBLIC SERVICE CVM - SECURITIES COMMISSION ANNUAL INFORMATION BULLETIN - IAN 12/31/2003 01.01 - IDENTIFICATION 1 - CVM CODE 2 - NAME OF THE COMPANY 3 - TAXPAYER NO. 00043-4 Aracruz Celulose S.A. 42.157.511/0001-61 - -------------------------------------------------------------------------------- 19.0- SUBSIDIARIES - -------------------------------------------------------------------------------- PORTOCEL - TERMINAL ESPECIALIZADO DE BARRA DO RIACHO
- ---------------------------------------------------------------------------------------------------------------------- 19.07 - STATEMENT OF CHANGES IN FINANCIAL POSITION - THOUSAND OF R$ - ---------------------------------------------------------------------------------------------------------------------- 3 - FROM : 01/01/2003 4 - FROM : 01/01/2002 5 - FROM : 01/01/2001 1 - CODE 2 - DESCRIPTION TO 12/31/2003 TO 12/31/2002 TO 12/31/2001 3.1 GROSS SALES AND SERVICES REVENUE 18,241 13,865 11,723 3.2 SALES TAXES AND OTHER DEDUCTIONS (1,431) (879) (721) 3.3 NET SALES REVENUE 16,810 12,986 11,002 3.4 COST OF GOODS SOLD (13,063) (9,408) (7,448) 3.5 GROSS PROFIT 3,747 3,578 3,554 3.6 OPERATING (EXPENSES) INCOME (3,674) (3,360) (3,177) 3.6.1 SELLING 0 0 0 3.6.2 GENERAL AND ADMINISTRATIVE (3,993) (3,627) (3,297) 3.6.3 FINANCIAL 324 261 120 3.6.3.1 FINANCIAL INCOME 425 335 238 3.6.3.2 FINANCIAL EXPENSES (101) (74) (118) 3.6.4 OTHER OPERATING INCOME 0 0 0 3.6.5 OTHER OPERATING EXPENSES (5) 0 0 3.6.6 EQUITY IN THE RESULTS OF SUBSIDIARIES 0 0 0 3.7 OPERATING INCOME (LOSS) 73 212 377 3.8 NON-OPERATING (EXPENSES) INCOME (10) 0 0 3.8.1 INCOME 0 0 0 3.8.2 EXPENSES (10) 0 0 3.9 INCOME(LOSS) BEFORE INCOME TAXES AND MANAGEMENT REMUNERATION 63 212 377 3.10 INCOME TAX AND SOCIAL CONTRIBUTION 139 (167) (306) 3.11 DEFERRED INCOME TAX ES 0 0 0 3.12 MANAGEMENT REMUNERATION AND STATUORY APPROPRIATIONS 0 0 0 3.12.1 REMUNERATION 0 0 0 3.12.2 APPROPRIATIONS 0 0 0 3.15 NET INCOME (LOSS) FOR THE PERIOD 202 45 71 CAPITAL STOCK-QUANTITY (THOUSANDS) 7,781 7,781 7,781 EARNINGS PER SHARE 0,02596 0,00578 0,00912 LOSS PER SHARE - - -
73 FEDERAL PUBLIC SERVICE CVM - SECURITIES COMMISSION ANNUAL INFORMATION BULLETIN - IAN 12/31/2003 01.01 - IDENTIFICATION 1 - CVM CODE 2 - NAME OF THE COMPANY 3 - TAXPAYER NO. 00043-4 Aracruz Celulose S.A. 42.157.511/0001-61 - -------------------------------------------------------------------------------- 74 FEDERAL PUBLIC SERVICE CVM - SECURITIES COMMISSION ANNUAL INFORMATION BULLETIN - IAN 12/31/2003 01.01 - IDENTIFICATION 1 - CVM CODE 2 - NAME OF THE COMPANY 3 - TAXPAYER NO. 00043-4 Aracruz Celulose S.A. 42.157.511/0001-61 - -------------------------------------------------------------------------------- 19.0- SUBSIDIARIES - -------------------------------------------------------------------------------- ARACRUZ PRODUTOSS DE MADEIRA S.A.
- ---------------------------------------------------------------------------------------------------------------------- 19.06 .01- - BALANCE SHEET - ASSET- THOUSAND OF R$ - ---------------------------------------------------------------------------------------------------------------------- 1 - CODE 2 - DESCRIPTION 3 - DATE - 12/31/2003 4 - DATE - 12/31/2002 5 - DATE - 12/31/2001 1 TOTAL ASSETS 66,386 68,460 68,771 1.1 CURRENT ASSETS 19,993 18,783 17,070 1.1.1 CASH AND CASH EQUIVALENTS 397 396 41 1.1.2 CREDITS 6,555 8,645 3,318 1.1.3 INVENTORIES 13,008 9,545 13,701 1.1.4 OTHERS 33 197 10 1.2 LONG-TERM ASSETS 58 63 44 1.2.1 CREDITS 45 63 44 1.2.1.1 TAXES 45 63 44 1.2.2 ACCOUNTS RECEIVABLE - RELATED PARTIES 0 0 0 1.2.2.1 FROM AFFILIATES 0 0 0 1.2.2.2 FROM SUBSIDIARIES 0 0 0 1.2.2.3 OTHERS 0 0 0 1.2.3 OTHERS 13 0 0 1.2.3.1 ESCROW DEPOSITS 13 0 0 1.3 FIXED ASSETS 46,335 49,614 51,657 1.3.1 INVESTMENTS 0 0 0 1.3.1.1 IN AFFILIATES 0 0 0 1.3.1.2 IN SUBSIDIARIES 0 0 0 1.3.1.3 OTHER COMPANIES 0 0 0 1.3.2 PROPERTY, PLANT AND EQUIPMENT 40,446 42,694 44,338 1.3.3 DEFERRED CHARGES 5,889 6,920 7,319
75 FEDERAL PUBLIC SERVICE CVM - SECURITIES COMMISSION ANNUAL INFORMATION BULLETIN - IAN 12/31/2003 01.01 - IDENTIFICATION 1 - CVM CODE 2 - NAME OF THE COMPANY 3 - TAXPAYER NO. 00043-4 Aracruz Celulose S.A. 42.157.511/0001-61 - -------------------------------------------------------------------------------- 19.0- SUBSIDIARIES - -------------------------------------------------------------------------------- ARACRUZ PRODUTOSS DE MADEIRA S.A.
- ---------------------------------------------------------------------------------------------------------------------- 19.06.02 - BALANCE SHEET - LIABILITY- THOUSAND OF R$ - ---------------------------------------------------------------------------------------------------------------------- 1 - CODE 2 - DESCRIPTION 3 - DATE - 12/31/2003 4 - DATE - 12/31/2002 5 - DATE - 12/31/2001 2 TOTAL LIABILITIES 66,386 68,460 68,771 2.1 CURRENT LIABILITIES 2,192 3,284 5,786 2.1.1 LOANS AND FINANCING 599 0 4,277 2.1.2 DEBENTURES 0 0 0 2.1.3 SUPPLIERS 932 2,765 876 2.1.4 TAXES 17 26 12 2.1.5 DIVIDENDS PAYABLE 0 0 0 2.1.6 PROVISIONS 472 269 411 2.1.6.1 VACATION AND 13rd SALARY 472 269 411 2.1.7 LOANS FROM RELATED PARTIES 0 4 61 2.1.8 OTHERS 172 220 149 2.2 LONG-TERM LIABILITIES 0 0 25,316 2.2.1 LOANS AND FINANCING 0 0 25,316 2.2.2 DEBENTURES 0 0 0 2.2.3 PROVISION 0 0 0 2.2.4 LOANS FROM RELATED PARTIES 0 0 0 2.2.5 OTHERS 0 0 0 2.5 STOCKHOLDER'S EQUITY 64,194 65,176 37,669 2.5.1 PAID-IN CAPITAL 130,940 124,450 79,714 2.5.2 CAPITAL RESERVES 0 0 0 2.5.3 REVALUATION RESERVE 0 0 0 2.5.3.1 OWN ASSETS 0 0 0 2.5.3.2 SUBSIDIARIES / AFFILIATES 0 0 0 2.5.4 REVENUE RESERVES 0 0 0 2.5.4.1 LEGAL 0 0 0 2.5.4.2 STATUTORY 0 0 0 2.5.4.3 FOR CONTINGENCIES 0 0 0 2.5.4.4 UNREALIZED INCOME 0 0 0 2.5.4.5 FOR INVESTMENTS 0 0 0 2.5.4.6 SPECIAL FOR NON-DISTRIBUTED DIVIDENDS 0 0 0 2.5.4.7 OTHER UNREALIZED INCOME 0 0 0 2.5.5 RETAINED EARNINGS (66,746) (59,274) (42,045)
76 FEDERAL PUBLIC SERVICE CVM - SECURITIES COMMISSION ANNUAL INFORMATION BULLETIN - IAN 12/31/2003 01.01 - IDENTIFICATION 1 - CVM CODE 2 - NAME OF THE COMPANY 3 - TAXPAYER NO. 00043-4 Aracruz Celulose S.A. 42.157.511/0001-61 - -------------------------------------------------------------------------------- 19.0- SUBSIDIARIES - -------------------------------------------------------------------------------- ARACRUZ PRODUTOSS DE MADEIRA S.A.
- ---------------------------------------------------------------------------------------------------------------------- 19.07 - STATEMENT OF CHANGES IN FINANCIAL POSITION - THOUSAND OF R$ - ---------------------------------------------------------------------------------------------------------------------- 3 - FROM : 01/01/2003 4 - FROM : 01/01/2002 5 - FROM : 01/01/2001 1 - CODE 2 - DESCRIPTION TO 12/31/2003 TO 12/31/2002 TO 12/31/2001 3.1 GROSS SALES AND SERVICES REVENUE 28,904 22,655 11,736 3.2 SALES TAXES AND OTHER DEDUCTIONS (2,260) (2,004) (1,778) 3.3 NET SALES REVENUE 26,644 20,651 9,958 3.4 COST OF GOODS SOLD 30,662) (27,651) (19,728) 3.5 GROSS PROFIT (4,018) (7,000) (9,770) 3.6 OPERATING (EXPENSES) INCOME (3,454) (10,229) (10,066) 3.6.1 SELLING (2,360) (2,787) (2,532) 3.6.2 GENERAL AND ADMINISTRATIVE (1,678) (1,875) (1,679 3.6.3 FINANCIAL (657) (3,280) (4,934) ()6.3.1 FINANCIAL INCOME (506) 1,056 334 3.6.3.2 FINANCIAL EXPENSES (151) (4,336) (5,268) 3.6.4 OTHER OPERATING INCOME 165 79 2 3.6.5 OTHER OPERATING EXPENSES 1,076 (2,366) (923) 3.6.6 EQUITY IN THE RESULTS OF SUBSIDIARIES 0 0 0 3.7 OPERATING INCOME (LOSS) (7,472) (17,229) (19,836) 3.8 NON-OPERATING (EXPENSES) INCOME 0 0 0 3.8.1 INCOME 0 0 0 3.8.2 EXPENSES 0 0 0 3.9 INCOME(LOSS) BEFORE INCOME TAXES AND MANAGEMENT REMUNERATION (7,472) (17,229) (19,836) 3.10 INCOME TAX AND SOCIAL CONTRIBUTION 0 0 0 3.11 DEFERRED INCOME TAX ES 0 0 0 3.12 MANAGEMENT REMUNERATION AND STATUORY APPROPRIATIONS 0 0 0 3.12.1 REMUNERATION 0 0 0 3.12.2 APPROPRIATIONS 0 0 0 3.15 NET INCOME (LOSS) FOR THE PERIOD (7,472) (17,229) (19,836) CAPITAL STOCK-QUANTITY (THOUSANDS) 131 79 79 EARNINGS PER SHARE LOSS PER SHARE (57,03817) (218,08861) (251,08861)
77 FEDERAL PUBLIC SERVICE CVM - SECURITIES COMMISSION ANNUAL INFORMATION BULLETIN - IAN 12/31/2003 01.01 - IDENTIFICATION 1 - CVM CODE 2 - NAME OF THE COMPANY 3 - TAXPAYER NO. 00043-4 Aracruz Celulose S.A. 42.157.511/0001-61 - -------------------------------------------------------------------------------- 19.0- SUBSIDIARIES - -------------------------------------------------------------------------------- VERACEL CELULOSE S.A.
- ---------------------------------------------------------------------------------------------------------------------- 19.06 .01- - BALANCE SHEET - ASSET- THOUSAND OF R$ - ---------------------------------------------------------------------------------------------------------------------- 1 - CODE 2 - DESCRIPTION 3 - DATE - 12/31/2003 4 - DATE - 12/31/2002 1 TOTAL ASSETS 557,446 272,751 1.1 CURRENT ASSETS 77,286 28,649 1.1.1 CASH AND CASH EQUIVALENTS 56,980 12,329 1.1.2 CREDITS 16,611 11,524 1.1.3 INVENTORIES 3,616 4,760 1.1.4 OTHERS 79 36 1.2 LONG-TERM ASSETS 4,309 12,981 1.2.1 CREDITS 4,064 12,916 1.2.1.1 DEFERRED TAXES 3,989 12,870 1.2.1.2 TAXES 75 46 1.2.2 ACCOUNTS RECEIVABLE - RELATED PARTIES 0 0 1.2.2.1 FROM AFFILIATES 0 0 1.2.2.2 FROM SUBSIDIARIES 0 0 1.2.2.3 OTHERS 0 0 1.2.3 OTHERS 245 65 1.2.3.1 ESCROW DEPOSITS 245 65 1.3 FIXED ASSETS 475,851 231,121 1.3.1 INVESTMENTS 0 0 1.3.1.1 IN AFFILIATES 0 0 1.3.1.2 IN SUBSIDIARIES 0 0 1.3.1.3 OTHER COMPANIES 0 0 1.3.2 PROPERTY, PLANT AND EQUIPMENT 398,121 158,529 1.3.3 DEFERRED CHARGES 77,730 72,592
78 FEDERAL PUBLIC SERVICE CVM - SECURITIES COMMISSION ANNUAL INFORMATION BULLETIN - IAN 12/31/2003 01.01 - IDENTIFICATION 1 - CVM CODE 2 - NAME OF THE COMPANY 3 - TAXPAYER NO. 00043-4 Aracruz Celulose S.A. 42.157.511/0001-61 - -------------------------------------------------------------------------------- 19.0- SUBSIDIARIES - -------------------------------------------------------------------------------- VERACEL CELULOSE S.A.
- ---------------------------------------------------------------------------------------------------------------------- 19.06.02 - BALANCE SHEET - LIABILITY- THOUSAND OF R$ - ---------------------------------------------------------------------------------------------------------------------- 1 - CODE 2 - DESCRIPTION 3 - DATE - 12/31/2003 4 - DATE - 12/31/2002 2 TOTAL LIABILITIES 557,446 272,751 2.1 CURRENT LIABILITIES 47,621 56,210 2.1.1 LOANS AND FINANCING 31,310 47,486 2.1.2 DEBENTURES 0 0 2.1.3 SUPPLIERS 10,724 4,532 2.1.4 TAXES 3,087 3,080 2.1.5 DIVIDENDS PAYABLE 0 0 2.1.6 PROVISIONS 2,500 1,112 2.1.6.1 VACATION AND 13rd SALARY 2,500 0 2.1.7 LOANS FROM RELATED PARTIES 0 0 2.1.8 OTHERS 0 0 2.2 LONG-TERM LIABILITIES 88,698 119,821 2.2.1 LOANS AND FINANCING 88,698 119,821 2.2.2 DEBENTURES 0 0 2.2.3 PROVISION 0 0 2.2.4 LOANS FROM RELATED PARTIES 0 0 2.2.5 OTHERS 0 0 2.5 STOCKHOLDER'S EQUITY 421,127 96,720 2.5.1 PAID-IN CAPITAL 431,097 123,107 2.5.2 CAPITAL RESERVES 0 0 2.5.3 REVALUATION RESERVE 0 0 2.5.3.1 OWN ASSETS 0 0 2.5.3.2 SUBSIDIARIES / AFFILIATES 0 0 2.5.4 REVENUE RESERVES 0 0 2.5.4.1 LEGAL 0 0 2.5.4.2 STATUTORY 0 0 2.5.4.3 FOR CONTINGENCIES 0 0 2.5.4.4 UNREALIZED INCOME 0 0 2.5.4.5 FOR INVESTMENTS 0 0 2.5.4.6 SPECIAL FOR NON-DISTRIBUTED DIVIDENDS 0 0 2.5.4.7 OTHER UNREALIZED INCOME 0 0 2.5.5 RETAINED EARNINGS (9,970) (26,387)
79 FEDERAL PUBLIC SERVICE CVM - SECURITIES COMMISSION ANNUAL INFORMATION BULLETIN - IAN 12/31/2003 01.01 - IDENTIFICATION 1 - CVM CODE 2 - NAME OF THE COMPANY 3 - TAXPAYER NO. 00043-4 Aracruz Celulose S.A. 42.157.511/0001-61 - -------------------------------------------------------------------------------- 19.0- SUBSIDIARIES - -------------------------------------------------------------------------------- VERACEL CELULOSE S.A.
- ---------------------------------------------------------------------------------------------------------------------- 19.07 - STATEMENT OF CHANGES IN FINANCIAL POSITION - THOUSAND OF R$ - ---------------------------------------------------------------------------------------------------------------------- 3 - FROM : 01/01/2003 4 - FROM : 01/01/2002 1 - CODE 2 - DESCRIPTION TO 12/31/2003 TO 12/31/2002 3.1 GROSS SALES AND SERVICES REVENUE 116,990 65,496 3.2 SALES TAXES AND OTHER DEDUCTIONS (19,135) (10,942) 3.3 NET SALES REVENUE 97,855 54,554 3.4 COST OF GOODS SOLD (25,228) (16,476) 3.5 GROSS PROFIT 72,627 38,078 3.6 OPERATING (EXPENSES) INCOME (43,225) (77,627) 3.6.1 SELLING (38,057) (13,412) 3.6.2 GENERAL AND ADMINISTRATIVE (13,260) (6,578) 3.6.3 FINANCIAL 14,986 (51,778) ()6.3.1 FINANCIAL INCOME 7,406 2,718 3.6.3.2 FINANCIAL EXPENSES 7,580 (54,496) 3.6.4 OTHER OPERATING INCOME 525 2,124 3.6.5 OTHER OPERATING EXPENSES (7,419) (7,983) 3.6.6 EQUITY IN THE RESULTS OF SUBSIDIARIES 0 0 3.7 OPERATING INCOME (LOSS) 29,402 (39,549) 3.8 NON-OPERATING (EXPENSES) INCOME 259 292 3.8.1 INCOME 259 292 3.8.2 EXPENSES 0 0 3.9 INCOME(LOSS) BEFORE INCOME TAXES AND MANAGEMENT REMUNERATION 29,661 (39,257) 3.10 INCOME TAX AND SOCIAL CONTRIBUTION (10,312) 12,870 3.11 DEFERRED INCOME TAX ES 0 0 3.12 MANAGEMENT REMUNERATION AND STATUORY APPROPRIATIONS 0 0 3.12.1 REMUNERATION 0 0 3.12.2 APPROPRIATIONS 0 0 3.15 NET INCOME (LOSS) FOR THE PERIOD 19,349 (26,387) CAPITAL STOCK-QUANTITY (THOUSANDS) 219,635,254 102,078,639 EARNINGS PER SHARE 0,00009 LOSS PER SHARE (0,00026)
80 FEDERAL PUBLIC SERVICE CVM - SECURITIES COMMISSION ANNUAL INFORMATION BULLETIN - IAN 12/31/2003 01.01 - IDENTIFICATION 1 - CVM CODE 2 - NAME OF THE COMPANY 3 - TAXPAYER NO. 00043-4 Aracruz Celulose S.A. 42.157.511/0001-61 - -------------------------------------------------------------------------------- 19.0- SUBSIDIARIES - -------------------------------------------------------------------------------- RIOCELL S.A. - -------------------------------------------------------------------------------- 19.06 .01- - BALANCE SHEET - ASSET- THOUSAND OF R$ - -------------------------------------------------------------------------------- 1 - CODE 2 - DESCRIPTION 3 - DATE - 12/31/2003 1 TOTAL ASSETS 953,067 1.1 CURRENT ASSETS 178,430 1.1.1 CASH AND CASH EQUIVALENTS 1,920 1.1.2 CREDITS 122,895 1.01.02..01 SUPPLIERS 8,153 1.01.02.02 ACCOUNTS RECEIVABLE FROM CUSTOMERS 32,524 1.01.02.03 TAX CREDITS 18,145 1.01.02.04 SUBSIDIARIES / AFFILIATES 64,073 1.1.3 INVENTORIES 52,199 1.1.4 OTHERS 1,416 1.2 LONG-TERM ASSETS 9,379 1.2.1 CREDITS 8,550 1.2.1.1 TAXES 8,550 1.2.2 ACCOUNTS RECEIVABLE - RELATED PARTIES 0 1.2.2.1 FROM AFFILIATES 0 1.2.2.2 FROM SUBSIDIARIES 0 1.2.2.3 OTHERS 0 1.2.3 OTHERS 829 1.2.3.1 ESCROW DEPOSITS 829 1.3 FIXED ASSETS 765,258 1.3.1 INVESTMENTS 77,812 1.3.1.1 IN AFFILIATES 0 1.3.1.2 IN SUBSIDIARIES 0 1.3.1.3 OTHER COMPANIES 77,812 1.3.2 PROPERTY, PLANT AND EQUIPMENT 687,446 1.3.3 DEFERRED CHARGES 0 81 FEDERAL PUBLIC SERVICE CVM - SECURITIES COMMISSION ANNUAL INFORMATION BULLETIN - IAN 12/31/2003 01.01 - IDENTIFICATION 1 - CVM CODE 2 - NAME OF THE COMPANY 3 - TAXPAYER NO. 00043-4 Aracruz Celulose S.A. 42.157.511/0001-61 - -------------------------------------------------------------------------------- 19.0- SUBSIDIARIES - -------------------------------------------------------------------------------- RIOCELL S.A. - -------------------------------------------------------------------------------- 19.06.02 - BALANCE SHEET - LIABILITY- THOUSAND OF R$ - -------------------------------------------------------------------------------- 1 - CODE 2 - DESCRIPTION 3 - DATE - 12/31/2003 2 TOTAL LIABILITIES 953,067 2.1 CURRENT LIABILITIES 74,732 2.1.1 LOANS AND FINANCING 0 2.1.2 DEBENTURES 0 2.1.3 SUPPLIERS 25,525 2.1.4 TAXES 37,910 2.1.5 DIVIDENDS PAYABLE 0 2.1.6 PROVISIONS 0 2.1.7 LOANS FROM RELATED PARTIES 3,706 2.1.7.1 SUBSIDIARY ADVANCE 3,706 2.1.8 OTHERS 7,591 2.2 LONG-TERM LIABILITIES 20,100 2.2.1 LOANS AND FINANCING 0 2.2.2 DEBENTURES 0 2.2.3 PROVISION 20,100 2.2.3.1 CONTIGENCY AND LITIGATION 20,100 2.2.4 LOANS FROM RELATED PARTIES 0 2.2.5 OTHERS 0 2.5 STOCKHOLDER'S EQUITY 858,235 2.5.1 PAID-IN CAPITAL 269,861 2.5.2 CAPITAL RESERVES 01,650,728 2.5.3 REVALUATION RESERVE 0 2.5.3.1 OWN ASSETS 0 2.5.3.2 SUBSIDIARIES / AFFILIATES 0 2.5.4 REVENUE RESERVES (1,062,354) 2.5.4.1 LEGAL 63,744 2.5.4.2 STATUTORY 0 2.5.4.3 FOR CONTINGENCIES 0 2.5.4.4 UNREALIZED INCOME 0 2.5.4.5 FOR INVESTMENTS 0 2.5.4.6 SPECIAL FOR NON-DISTRIBUTED DIVIDENDS 0 2.5.4.7 OTHER UNREALIZED INCOME (1,126,098) 2.5.4.7.1 TREASURY STOCK (1,126,098) 2.5.5 RETAINED EARNINGS 0 82 FEDERAL PUBLIC SERVICE CVM - SECURITIES COMMISSION ANNUAL INFORMATION BULLETIN - IAN 12/31/2003 01.01 - IDENTIFICATION 1 - CVM CODE 2 - NAME OF THE COMPANY 3 - TAXPAYER NO. 00043-4 Aracruz Celulose S.A. 42.157.511/0001-61 - -------------------------------------------------------------------------------- 19.0- SUBSIDIARIES - -------------------------------------------------------------------------------- RIOCELL S.A.
- ------------------------------------------------------------------------------------------------------- 19.07 - STATEMENT OF CHANGES IN FINANCIAL POSITION - THOUSAND OF R$ - ------------------------------------------------------------------------------------------------------- 3 - FROM : 01/01/2003 1 - CODE 2 - DESCRIPTION TO 12/31/2003 3.1 GROSS SALES AND SERVICES REVENUE 355,578 3.2 SALES TAXES AND OTHER DEDUCTIONS (14,759) 3.3 NET SALES REVENUE 320,819 3.4 COST OF GOODS SOLD (191,688) 3.5 GROSS PROFIT 129,131 3.6 OPERATING (EXPENSES) INCOME (29,863) 3.6.1 SELLING (8,303) 3.6.2 GENERAL AND ADMINISTRATIVE (4,620) 3.6.3 FINANCIAL (31,970) 3.6.3.1 FINANCIAL INCOME 2,655 3.6.3.2 FINANCIAL EXPENSES (34,625) 3.6.4 OTHER OPERATING INCOME 43,798 3.6.5 OTHER OPERATING EXPENSES (50,804) 3.6.6 EQUITY IN THE RESULTS OF SUBSIDIARIES 22,036 3.7 OPERATING INCOME (LOSS) 99,268 3.8 NON-OPERATING (EXPENSES) INCOME (1,589) 3.8.1 INCOME 110 3.8.2 EXPENSES (1,699) 3.9 INCOME(LOSS) BEFORE INCOME TAXES AND MANAGEMENT REMUNERATION 97,679 3.10 INCOME TAX AND SOCIAL CONTRIBUTION (33,773) 3.11 DEFERRED INCOME TAX ES 0 3.12 MANAGEMENT REMUNERATION AND STATUORY APPROPRIATIONS 0 3.12.1 REMUNERATION 0 3.12.2 APPROPRIATIONS 0 3.15 NET INCOME (LOSS) FOR THE PERIOD 63,906 CAPITAL STOCK-QUANTITY (THOUSANDS) 161,861 EARNINGS PER SHARE 0,39482 LOSS PER SHARE -
83 FEDERAL PUBLIC SERVICE CVM - SECURITIES COMMISSION ANNUAL INFORMATION BULLETIN - IAN 12/31/2003 01.01 - IDENTIFICATION 1 - CVM CODE 2 - NAME OF THE COMPANY 3 - TAXPAYER NO. 00043-4 Aracruz Celulose S.A. 42.157.511/0001-61 - -------------------------------------------------------------------------------- 20.00 - INFORMATION ON CORPORATE GOVERNANCE - ------------------------------------------------------------------------------- Aracruz acts in a responsible manner and complies fully with the Brazilian Corporate Law, with the requirements of foreign legislation applicable to companies whose shares are listed on stock exchanges in the United States and Spain, and with the rules of the Sao Paulo (Bovespa), New York (NYSE) and Latibex (Madrid) stock exchanges. The company's Corporate Governance model follows the guidelines established by the Board of Directors and also respects the company's by-laws. The principles that direct this model are transparency; the clear definition of functions; management independence; equitable treatment of all shareholders and accountability. The Board of Directors is made up of ten members and an equal number of alternates, all elected to three-year terms of office by the shareholders at a General Meeting. They do not hold executive positions. The Board of Directors meets a minimum of four times per year and, among others duties, is responsible for the following: o Establishing general guidance for the company's operations and determining related financial and economic policies o Supervising the operation and management of the company, deciding significant matters concerning strategy, investments, organization, and finance o Electing the Chairman and the Vice-Chairman from among its members o Appointing the Board of Officers and the Chief Executive Officer (the "CEO") o Approving the organizational structure of the company o Guiding and advising the Board of Officers in all matters of interest to the Company o Appointing internal committees with the role of analyzing and presenting to the Board of Directors recommendations on specific matters. Currently there are six committees: - Strategic Committee - Sustainability Committee - Audit Committee - Finance Committee - Tax Planning Committee - Compensation Committee The Aracruz Fiscal Committee is composed of three members and an equal number of alternates elected by a General Shareholders Meeting, of which one of its members and respective alternate are separately elected by holders of preferred shares. The Board of Officers is composed of four members, including the company's Chief Executive Officer, and is responsible for the study and development of strategic alternatives, subject to final approval by the Board of Directors, and for conduct of all operational matters. The Board of Officers meets twice a month or whenever needed. 84 FEDERAL PUBLIC SERVICE CVM - SECURITIES COMMISSION ANNUAL INFORMATION BULLETIN - IAN 12/31/2003 01.01 - IDENTIFICATION 1 - CVM CODE 2 - NAME OF THE COMPANY 3 - TAXPAYER NO. 00043-4 Aracruz Celulose S.A. 42.157.511/0001-61 - ------------------------------------------------------------------------------- 20.00 - INFORMATION ON CORPORATE GOVERNANCE - ------------------------------------------------------------------------------- The statutory Board of Officers is supported by three Associate Officers, a managerial group and an Executive Management Group, presently composed of 15 Interface Managers appointed by and reporting to the Board of Officers. The Associate Officers and the Interface Managers are in charge of the day-to-day running of the company, comprising the following activities: Associate Officers o Engineering o Legal Matters o Corporate Relations and Environmental Affairs Interface Managers o Industrial Operations o Forestry Operations o Pulp Marketing, Sales and Logistics Coordination o Pulp Sales - USA and Asia o Pulp Sales - Europe o Wood Products Operations o Port Operations o Treasury o Controllership o Investor Relations o Information Technology o Corporate Planning o Research & Development o Human Resources o Purchasing & Materials Warehousing Aracruz has policies regarding the environment, health and safety, political contributions, antitrust practices and supplier relationships, as well as rules about managers, controlling shareholders, members of the Fiscal Council and others who have access to privileged information trading the company's shares, in full compliance with the conditions of CVM Instruction n(0) 358/02. Aracruz's voluntarily adopted corporate governance practices have ensured classification of the company in Bovespa Level 1 since April 2002. Notable among the practices adopted by Aracruz is the maintenance in circulation of 45% of the shares it has issued; the commitment to hold public offers for the placement of shares through mechanisms that favor a dispersion of capital; the consistent improvement in information provided each quarter, which is consolidated and submitted to special review; the wide ranging disclosure of operations involving company shares by controlling shareholders or managers of the company, as well as shareholder agreements and eventual stock option programs and, finally, the disclosure of an annual calendar of corporate events. 85 FEDERAL PUBLIC SERVICE CVM - SECURITIES COMMISSION ANNUAL INFORMATION BULLETIN - IAN 12/31/2003 01.01 - IDENTIFICATION 1 - CVM CODE 2 - NAME OF THE COMPANY 3 - TAXPAYER NO. 00043-4 Aracruz Celulose S.A. 42.157.511/0001-61 - --------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------- GROUP BLANK DESCRIPTION PAGE - ----------------------------------------------------------------------------------------------------------------------------------- 01 01 IDENTIFICATION 01 01 02 HEAD OFFICE 01 01 03 SHAREHOLDERS DEPARTMENT 01 01 04 DIRECTOR OF MARKET RELATIONS 01 01 05 REFERENCE / AUDITOR 01 01 06 GENERAL INFORMATION 02 01 07 STOCK CONTROL / SECURITIES ISSUED 02 01 08 PUBLICATION OF INFORMATIVE DOCUMENTS 02 01 09 NEWSPAPERS IN WHICH THE COMPANY PUBLISHES INFORMATION 02 01 10 DIRECTOR OF MARKET RELATIONS 02 02.01 01 BOARD OF DIRECTORS AND CHIEF OFFICERS OF THE COMPANY 03 02.01 02 CURRENT COMPOSITION OF THE FISCAL COUNCIL 04 02 02 PROFESSIONAL EXPERIENCE AND ACADEMIC QUALIFICATIONS OF EACH BOARD MEMBER, fiscal council 05 / 08 AND OFFICER 03 01 EVENTS RELANTED TO DISTRIBUTION OF CAPITAL 09 03 02 STOCKHOLDER STRUCTURE 09 03 03 DISTRIBUTION OF REGISTERED CAPITAL OF THE CONTROLLING COMPANIES DOWN TO THE INDIVIDUAL LEVEL 10 / 25 04 01 BREAKDOWN OF THE PAID IN CAPITAL 26 04 02 CHANGE IN THE PAID IN CAPITAL IN THE LAST THREE YEARS 26 04 04 AUTHORIZED CAPITAL 26 05 01 TREASUARY STOCK 27 06 01 DIVIDENDS / INTEREST ON CAPITAL PAID IN THE LAST THREE YEARS 28 06 03 STATUTORY DISPOSITIONS RELATED TO CHANGES IN CAPITAL 29 06 04 STATUTORY CHANGE 29 07 01 COMPENSATION AND CONTRIBUTIONS OF OFFICERS 30 07 02 PARTICIPATIONS AND CONTRIBUTIONS IN THE LAST THREE YEARS 30 07 03 PARTICIPATIONS IN THE SUBSIDIARIES 31 08 01 CHARACTERISTICS OF PUBLIC OR PRIVATE DEBENTURES ISSUES 31 09 01 HISTORICAL OVERVIEW OF THE COMPANY 32 09 02 MARKET OVERVIEW 33 10 01 PRODUCTS AND SERVICES OFFERED 33 10 02 RAW MATERIALS AND SUPPLIERS 34 10 03 MAIN CUSTOMERS BY PRODUCTS 34 11 01 PRODUCTION PROCESS 35/ 37 11 02 COMMERCIALIZATION PROCESS, DISTRIBUTION, MARKETS AND EXPORT 38 11 03 MAIN PULP PRODUCTERS 39 13 01 MAIN PROPERTIES 40 / 42 14 03 OTHER INFORMATION CONSIDERED IMPORTANT FOR BEST UNDERSTANDING OF THE COMPANY 43 / 44 14 05 CAPITAL EXPENDITURES Projects 45 15 01 ENVIRONMENTAL MATTERS 46 / 47 16 01 Lawsuits with high value to 5% of the equity or of the net profit 48 17 01 TRANSACTIONS WITH RELATED PARTIES 49 18 01 BYLAWS 50 / 61 19 00 ARACRUZ TRADING S.A. 19 06.01 BALANCE SHEET - ASSET 62 19 06.02 BALANCE SHEET - LIABILITY 63 19 07 STATEMENT OF OPERATIONS 64 86 FEDERAL PUBLIC SERVICE CVM - SECURITIES COMMISSION ANNUAL INFORMATION BULLETIN - IAN 12/31/2003 01.01 - IDENTIFICATION 1 - CVM CODE 2 - NAME OF THE COMPANY 3 - TAXPAYER NO. 00043-4 Aracruz Celulose S.A. 42.157.511/0001-61 - -------------------------------------------------------------------------------- 19.0- SUBSIDIARIES - -------------------------------------------------------------------------------- 19 00 ARACRUZ CELULOSE (USA), INC. 19 06.01 BALANCE SHEET - ASSET 65 19 06.02 BALANCE SHEET - LIABILITY 66 19 07 STATEMENT OF OPERATIONS 67 MUCURI AGROFLORESTAL S.A. 19 06.01 BALANCE SHEET - ASSET 68 19 06.02 BALANCE SHEET - LIABILITY 69 PORTOCEL TERMINAL ESPECIALIZADO DE BARRA DO RIACHO 19 06.01 BALANCE SHEET - ASSET 70 19 06.02 BALANCE SHEET - LIABILITY 71 19 07 STATEMENT OF OPERATIONS 72 ARACRUZ PRODUTOS DE MADEIRA S.A. 19 06.01 BALANCE SHEET - ASSET 73 19 06.02 BALANCE SHEET - LIABILITY 74 19 07 STATEMENT OF OPERATIONS 75 VERACEL CELULOSE S.A. 19 06.01 BALANCE SHEET - ASSET 76 19 06.02 BALANCE SHEET - LIABILITY 77 19 07 STATEMENT OF OPERATIONS 78 RIOCELL S.A. 19 06.01 BALANCE SHEET - ASSET 79 19 06.02 BALANCE SHEET - LIABILITY 80 19 07 STATEMENT OF OPERATIONS 81 20 00 INFORMATION ON CORPORATE GOVERNANCE 82 / 83
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