EZTEC - Investor Relations Mobile

DFP 2008


INDEPENDENT ACCOUNTANTS’ REVIEW REPORT

To the Shareholders and Management of
EZ TEC Empreendimentos e Participações S.A.
São Paulo - SP

1) We have audited the accompanying individual (Company) and consolidated balance sheets of EZ TEC Empreendimentos e Participações S.A. and subsidiaries as of December 31, 2008, and the related statements of income, changes in shareholders’ equity (Company), cash flows, and value added for the year then ended, all expressed in Brazilian reais and prepared under the responsibility of the Company’s management. Our responsibility is to express an opinion on these financial statements.

2) Our audits were conducted in accordance with auditing standards in Brazil and comprised: (a) planning of the work, taking into consideration the significance of the balances, volume of transactions, and the accounting and internal control systems of the Companies; (b) checking, on a test basis, the evidence and records that support the amounts and accounting information disclosed; and (c) evaluating the significant accounting practices and estimates adopted by Companies’ Management, as well as the presentation of the financial statements taken as a whole.

3) In our opinion, the financial statements referred to in paragraph 1 present fairly, in all material respects, the individual and consolidated financial positions of EZ TEC Empreendimentos e Participações S.A. and subsidiaries as of December 31, 2008, and the results of their operations, the changes in their shareholders’ equity (Company), their cash flows, and the values added in operations for the year then ended, in conformity with Brazilian accounting practices.

4) We had previously audited the individual and consolidated financial statements for the year ended December 31, 2007, comprising the balance sheet and the statements of income, changes in shareholders‘ equity (Company), and changes in financial position, in addition to the supplemental information comprising the statement of cash flows, on which we issued an unqualified report, dated March 1, 2008. As mentioned in note 2, changes in Brazilian accounting practices were introduced effective January 1, 2008. The financial statements for the year ended December 31, 2007, presented with the 2008 financial statements, have been prepared in conformity with Brazilian accounting practices in effect until December 31, 2007 and, as permitted by Technical Pronouncement CPC 13 - First-Time Adoption of Law 11638/07 and Provisional Act 449/08, are not being restated with adjustments for purposes of comparability between years.

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Contact IR

Telephone: +55 11 5056 8313
E-mail: ri@eztec.com.br