Votorantim Celulose e Papel S.A. http://www.alacrastore.com/company-snapshot/Votorantim_Celulose_e_Papel_S_A-1031379 Sunday, October 12, 2008 4:09:43 AM 1031379 Votorantim Celulose e Papel S.A. en AlacraStore RSS Builder 1.0 30 http://www.alacrastore.com/storecontent/fitch/444577_pr_framefitch/444577_pr_framehtmlFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.Aracruz Celulose S.A.Votorantim Celulose e Papel S.A.800895088396934010/9/2008 6:34:24 PM01030000010312000103120185Press ReleaseARCZ3VCPA3444577_pr_frameCredit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/moodys/PR_164254_820562182moodys/PR_164254_820562182htmlGlobal Credit Research Rating Action # OCT #### Rating Action: VCP - Votorantim Celulose e Papel S.A. Moody's coloca Votorantim Celulose e Papel em reviso para elevao Sao Paulo, October ##, #### -- A Moody's Investors Service colocou...10/4/2008 12:41:27 AMhtmlVCP - Votorantim Celulose e Papel S.A.VCP - Votorantim Celulose e Papel S.A.820562182150.0000NewsRating ActionPR_164254_820562182Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/moodys/PR_164253_820562182moodys/PR_164253_820562182htmlGlobal Credit Research Rating Action # OCT #### Rating Action: VCP - Votorantim Celulose e Papel S.A. Moody's places Votorantim Celulose e Papel under review for upgrade Sao Paulo, October ##, #### -- Moody's Investors Service has...10/4/2008 12:41:27 AMhtmlVCP - Votorantim Celulose e Papel S.A.VCP - Votorantim Celulose e Papel S.A.820562182150.0000NewsRating ActionPR_164253_820562182Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/fitch/436437_pr_framefitch/436437_pr_framehtmlFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.Aracruz Celulose S.A.Votorantim Celulose e Papel S.A.Votorantim Participacoes S/A80089508820690298222869183435791839693409/18/2008 6:28:00 PM010300000103090001031200010312010304000085Press ReleaseARCZ3VCPA3436437_pr_frameCredit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/spcred/670427spcred/670427normThe latest Full Report from S&Pglobalstructured9/10/2008 1:09:00 PM400Full Report670427BrazilPaper ProductsEmerging MarketsLatin AmericaGlobal IssuersStructured FinanceCorporationsAsset-Backed SecuritiesForest ProductsCapital GoodsBuilding MaterialsFull ReportLow cost position and good profitability Strong commitment from the Votorantim Group Intermediate financial profile Small scale globally, in a fragmented market Higher average debt since the partial acquisition of Ripasa S.A. Celulose e Papel Increasing exposure to the commodity-like market pulp business The rating on VCP – Votorantim Celulose e Papel S.A. reflects the company's track record of sound financial performance and creditworthiness, and reduced country risks and better economic prospects for Brazil, where all of VCP's operations are located and half of its revenues are derived. The rating also considers Brazilian forest product companies' positive long-term outlook, VCP's leading cost position, and the company's Horizonte market pulp mill's status as a significant cash flow source from 2009 onward.BRA15105020 151050 1510 15VCP - Votorantim Celulose e Papel S.A.380900EMERGINGLATAMERICAFULLBRA03849620105010 201050 2010 2015105020 151050 1510 15Votorantim Participacoes S.A.Aracruz Celulose S.A.315962320578LATAMERICAEMERGING1287Z@BZARCZON@BZGLOBISSSTRUCCORPABSForestCapitalBuildingCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/670428spcred/670428normThe latest Summary from S&Pglobalstructured9/10/2008 1:09:00 PM175Summary670428BrazilPaper ProductsEmerging MarketsLatin AmericaGlobal IssuersStructured FinanceCorporationsAsset-Backed SecuritiesForest ProductsBuilding MaterialsCapital GoodsSummaryThe rating on VCP – Votorantim Celulose e Papel S.A. reflects the company's track record of sound financial performance and creditworthiness, and reduced country risks and better economic prospects for Brazil, where all of VCP's operations are located and half of its revenues are derived. The rating also considers Brazilian forest product companies' positive long-term outlook, VCP's leading cost position, and the company's Horizonte market pulp mill's status as a significant cash flow source from 2009 onward. VCP's clear support from its controlling shareholder, Votorantim Participações (VPar; BBB/Stable/--), and its conservative financial policy and liability management are key factors in the current rating. These strengths are tempered by the company's exposure to the Brazilian economy. About half of its revenuesBRA15105020 151050 1510 15VCP - Votorantim Celulose e Papel S.A.380900EMERGINGLATAMERICASUMMARYBRA03849620105010 201050 2010 2015105020 151050 1510 15Votorantim Participacoes S.A.Aracruz Celulose S.A.315962320578EMERGINGLATAMERICA1287Z@BZARCZON@BZGLOBISSSTRUCCORPABSForestBuildingCapitalCredit & Investment ResearchS&P Credit ResearchBRAZIL - Votorantim Celulose e Papel SA, a majority owned unit of Grupo Votorantim, agreed to raise its stake to ##.##% from ##.#%, by acquiring a ##.##% stake, or ###.### mil ordinary shares, equivalent to a ##% of voting capital, in Aracruz Celulose SA, a manufacturer of eucalyptus products, from Arapar SA, for #.## bil Brazilian reais ($#.### bil US) in cash, in a privately negotiated transaction.8/8/2008 9:23:25 AM92906P03849640041J038496Votorantim Celulose e Papel SAAracruz Celulose SAGrupo VotorantimAracruz Celulose SAhttp://www.alacrastore.com/storecontent/Thomson_M%26A/Votorantim_Celulose_e_Papel_SA_acquires_a_minority_stake_in_Aracruz_Celulose_SA-2002380040sdc/20023800402002380040Copyright © 2008, Thomson Financial, All Rights ReservedNew YorkPaper and Allied ProductsBrazilPulp mills2611FFForeignPublicVCP2611:Pulp mills2621:Paper mills2679:Converted paper and paperboard products, nec2672:Coated and laminated paper, nec3241:Cement, hydraulic3312:Steel works, blast furnaces, and rolling mills6719:Offices of holding companies, necNew YorkPaper and Allied ProductsBrazilPulp mills2611FFForeignPublicARA276357002Mnfr cement,paper,steelMnfr eucalyptus prodCashCash OnlyOrdinary Share137480001Aug 8 20083.43400560.40000918.210001019.071001052.25000984.570001037.97200960.596003538.981000.443000.55100487.44100534.71100551.06900528.791002360.49000178.255006365.33500BR30 Jun 080.00000450.066000.000001882.368007183.95300Brazilian Real30 Jun 0831 Dec 0731 Dec 0631 Dec 0531 Dec 0431 Dec 030.628001.000002.000003.000004.000005.000006.000007.000008.000009.0000010.0000011.0000012.0000013.00000Votorantim Celulose e PapelSA, located in Sao Paolo,Brazil, manufacture paperproducts such as coated anduncoated printing and writingpaper, thermal and carbonlesspaper and other specialtypapers. The company also hasactivities in forestrymanagement and exploration. Ithas four mills, located in thestate of Sao Paulo. Thecompany was founded in 1925.Votorantim Celulose e Papel SA, located in Sao Paolo,Brazil, manufacture paper products such as coated anduncoated printing and writing paper, thermal and carbonlesspaper and other specialty papers. The company also hasactivities in forestry management and exploration. It hasfour mills, located in the state of Sao Paulo. The companywas founded in 1925.Votorantim Celulose e Papel SA, located in Sao Paolo, Brazil, manufacture paper products such as coated and uncoated printing and writing paper, thermal and carbonless paper and other specialty papers. The company also has activities in forestry management and exploration. It has four mills, located in the state of Sao Paulo. The company was founded in 1925.1.000002.000003.000004.000005.000006.000007.000008.000009.0000010.0000011.0000012.0000013.0000014.0000015.00000Aracruz Celulose SA, locatedin Sao Paulo, Brazil, is amanufacturer of bleachedeucalyptus, high-gradehardwood and eucalyptus pulpproducts. The company'sproducts are mainly used inthe manufacture of productssuch as tissue andhigh-quality printing, writingand specialty papers. Itoperates in Barra do Riacho,Rio Grande do Sul and Estadoda Bahia. It was founded in1967.Aracruz Celulose SA, located in Sao Paulo, Brazil, is amanufacturer of bleached eucalyptus, high-grade hardwood andeucalyptus pulp products. The company's products are mainlyused in the manufacture of products such as tissue andhigh-quality printing, writing and specialty papers. Itoperates in Barra do Riacho, Rio Grande do Sul and Estado daBahia. It was founded in 1967.Aracruz Celulose SA, located in Sao Paulo, Brazil, is a manufacturer of bleached eucalyptus, high-grade hardwood and eucalyptus pulp products. The company's products are mainly used in the manufacture of products such as tissue and high-quality printing, writing and specialty papers. It operates in Barra do Riacho, Rio Grande do Sul and Estado da Bahia. It was founded in 1967.0.000000.000000.000001032.55000NBrazilian Real06 Aug 08Wed, 06 Aug 2008 00:00:00 ESTDate Announced: 08/06/2008Date Effective:Acq. Part. Int.Neutral0.000000.000000.000000.000000.000000.00000Price/Share0.000002710 Brazilian Real2710.000000.000002710 Brazilian Real2710.000000.000000.000000.000000.000004924.683002710 Brazilian Real0.63300N880.390000.000000.000000.000000.000000.000001714.647001714.647000.000000.000000.000000.000000.000000.000000.0000012.3490015.0070028.270003.8890025.006005.838007.1280025.006005.838005353.308006.676006.903006.982001.737001.488000.323000.00000-5.323004.614001772.753007330.120003543.5890013.6800018.30300-5.323004.611001.000002.000003.000004.000005.000006.000007.000008.000009.0000010.0000011.0000012.0000013.0000014.0000015.00000BRAZIL - Votorantim Celulose ePapel SA, a majority ownedunit of Grupo Votorantim,agreed to raise its stake to24.65% from 12.3%, byacquiring a 12.35% stake, or127.506 mil ordinary shares,equivalent to a 28% of votingcapital, in Aracruz CeluloseSA, a manufacturer ofeucalyptus products, fromArapar SA, for 2.71 bilBrazilian reais ($1.715 bilUS) in cash, in a privatelynegotiated transaction.BRAZIL - Votorantim Celulose e Papel SA, a majority owned unit of Grupo Votorantim, agreed to raise its stake to 24.65% from 12.3%, by acquiring a 12.35% stake, or 127.506 mil ordinary shares, equivalent to a 28% of voting capital, in Aracruz Celulose SA, a manufacturer of eucalyptus products, from Arapar SA, for 2.71 bil Brazilian reais ($1.715 bil US) in cash, in a privately negotiated transaction.BRAZIL - Votorantim Celulose e Papel SA, a majority owned unit of Grupo Votorantim, agreedto raise its stake to 24.65% from 12.3%, by acquiring a 12.35% stake, or 127.506 milordinary shares, equivalent to a 28% of voting capital, in Aracruz Celulose SA, amanufacturer of eucalyptus products, from Arapar SA, for 2.71 bil Brazilian reais ($1.715bil US) in cash, in a privately negotiated transaction.BRAZIL - Votorantim Celulose e Papel SA, a majority owned unit of Grupo Votorantim, agreed to raise its stake to 24.65% from 12.3%, by acquiring a 12.35% stake, or 127.506 mil ordinary shares,equivalent to a 28% of voting capital, in Aracruz Celulose SA, a manufacturer of eucalyptus products, from Arapar SA, for 2.71 bil Brazilian reais ($1.715 bil US) in cash, in a privately negotiatedtransaction.BRAZIL - Votorantim Celulose e Papel SA, a majority owned unit of Grupo Votorantim, agreed to raise its stake to 24.65% from 12.3%, byacquiring a 12.35% stake, or 127.506 mil ordinary shares, equivalent to a 28% of voting capital, in Aracruz Celulose SA, a manufacturerof eucalyptus products, from Arapar SA, for 2.71 bil Brazilian reais ($1.715 bil US) in cash, in a privately negotiated transaction.$ 1,714.647 - Estater Gestao e Financas - Adv0.00000Estater Gestao e Financas1.00000Credit Suisse Group1.00000$ 1,714.647 - Credit Suisse Group - Rep Sell0.00000Pending5726.48900716.775002997.8600011441.165005.469001462.341001622.972001675.813001568.027001653.074001529.846005636.18200776.299001011.270001115.990001128.190001036.68000844.32000851.580005643.521005364.870004817.601004151.368003440.839002738.903001042.204001150.131001162.694001068.49700870.23500877.633001031.05900939.06100975.137001021.336001374.35300842.153003846.913003858.335003332.255003411.168003066.210003759.3170010137.433009930.739009577.120009378.735008874.237008002.33400Status:PendingBR25.0060025.0060.224003.894003.8942.82700-6.9330015.571007.445005.835003538.981002.901005.5460015.0070028.270003.889000851:Forestry services2449:Wood containers, nec2499:Wood products, nec2611:Pulp mills2621:Paper mills2631:Paperboard mills443075001Brazil3241ForeignPrivate0851:Forestry services2449:Wood containers, nec2499:Wood products, nec2611:Pulp mills2621:Paper mills2631:Paperboard mills137480001New YorkBrazil2611ForeignPublicARA1714.647002710.000001714.64700880.39000Deal InformationTF Mergers & Acquisitionshttp://www.alacrastore.com/storecontent/moodys/CMT_0000449414moodys/CMT_0000449414htmlGlobal Credit Research Issuer Comment # AUG #### Issuer Comment: Votorantim Participacoes S.A. Moody's comments on Votorantim's agreement to acquire additional shares of Aracruz Moody's Investors Service ("Moody's") comments on Votorantim...8/8/2008 12:42:11 AMhtmlVotorantim Participacoes S.A.VCP - Votorantim Celulose e Papel S.A.Aracruz Celulose S.A.Aracruz Celulose S.A.; VCP - Votorantim Celulose e Papel S.A.; ...808057289820562182600011225150.0000NewsIssuer CommentCMT_0000449414Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/ccbn/T1892672ccbn/T1892672norm...Good morning, ladies and gentlemen, and welcome to the VCP Second Quarter #### Results Conference Call. In case anybody needs a copy of the press release, please visit the VCP Investor link at www.vcp.com.br. We would like to inform you that this transmission is being recorded and all participants will be listening to the conference call during the Company's presentation. We will then move on to the Q&A session for industry analysts, when further instructions will be given. We inform that each participant will only be allowed to ask two questions with a five-minute time span. (OPERATOR INSTRUCTIONS).Before we begin, we would like to clarify that any statements that are being made during this conference call related to VCP's business prospects, forecasts and operating and financial goals institute beliefs and assumptions of the Company's management, as well as information currently available. They involve risks, uncertainties and assumptions, as they refer to future events and therefore... 7/18/2008 3:06:00 PMVotorantim Celulose e Papel S.A.54.0000FinalQ2 2008 Votorantim Celulose e Papel S.A. Earnings Conference Call (English) TranscriptVCP10:30am ETTranscriptT1892672Credit & Investment ResearchThomson StreetEventshttp://www.alacrastore.com/storecontent/ccbn/T1814753ccbn/T1814753norm...Good morning, ladies and gentlemen, and welcome to VCP's first quarter #### results conference call. If you need a copy of the press release, you can get one by selecting the investor link on VCP's website, www.vcp.com.br/. (OPERATOR INSTRUCTIONS) Before proceeding, let me mention that forward-looking statements are being made under the Safe Harbor of the Securities Litigation Reform Act of ####. Actual performance could differ materially from those expressed, performance mentioned in any forward-looking comments as a result of macroeconomic conditions, market risk and other factors. With us today in Sao Paulo are Mr. Valdir Roque, Chief Financial Officer, Mr. Marcelo Castelli, Chief Operations Officer and IR team. Directly from Europe is Mr. Sergio Almeida, Pulp Commercial Director. Mr. Roque will begin with comments on VCP's strategy and first quarter results and will then open the floor for a question-and-answer session. We inform that each participant will only be allowed to ask two... 4/18/2008 7:04:00 PMVotorantim Celulose e Papel S.A.54.0000FinalQ1 2008 Votorantim Celulose e Papel S.A. English Earnings Conference Call TranscriptVCP10:30am ETTranscriptT1814753Credit & Investment ResearchThomson StreetEventshttp://www.alacrastore.com/storecontent/spcred/630166spcred/630166normThe latest Summary from S&P2/11/2008 1:19:06 PMSummary175global630166BrazilPaper ProductsEmerging MarketsLatin AmericaGlobal IssuersCorporationsForest ProductsSummaryThe rating on VCP – Votorantim Celulose e Papel S.A. (VCP) reflects the company's track record of sound financial performance and creditworthiness, and reduced country risks and better economic prospects for Brazil, since the country is responsible for 100% of VCP's operations and 50% of its revenues. The rating also considers Brazilian forest product companies' positive long-term trend, Tres Lagoas market pulp mill's status as an important cash flow source from 2009 onward, and the company's prudent organic expansion strategy. VCP's conservative financial policy and liability management (large cash reserves and smooth debt amortization schedule) also fit with the current rating level. Despite VCP's projected margin reduction and lower EBITDA volume in 2007 and projected for 2008, liquidity is anBRA15105020 151050 1510 15VCP - Votorantim Celulose e Papel S.A.380900EMERGINGLATAMERICASUMMARYGLOBISSCORPForestCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/ccbn/T1739786ccbn/T1739786norm1/18/2008 5:06:00 PMVotorantim Celulose e Papel S.A.54.0000FinalVotorantim Celulose e Papel S.A. Earnings Conference Call - English TranscriptVCP9:00am ET...Good morning, ladies and gentlemen, and welcome to VCP's fourth quarter #### results conference call. If you need a copy of the Press Release, you can get one by selecting the investor's link on VCP's website at www.vcp.com.br. We would like to inform you that this event is being recorded and all participants will be in a listen-only mode during the Company's presentation. After the Company's remarks are over, there will be a question and answer session dedicated to the financial community. At that time, further instructions will be given. (OPERATOR INSTRUCTIONS). Before proceeding, let me mention that forward-looking statements are being made under the Safe Harbor of the Securities Litigation Reform Act of ####. Actual performance could differ materially from the expected performance mentioned in any forward-looking comments as a result of macroeconomic conditions, market risks and other factors. With us today in Sao Paulo are Mr. Valdir Roque, Chief Financial Officer, Mr. Marcelo Castelli,... TranscriptT1739786Credit & Investment ResearchThomson StreetEventshttp://www.alacrastore.com/storecontent/fitch/358962_report_framefitch/358962_report_framepdfVCPA3Votorantim Celulose e Papel S.A.839693403850103120112/5/2007 2:14:00 PMFull Rating ReportFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.0103120001030000358962_report_frameCredit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/fitch/388432_pr_framefitch/388432_pr_framehtmlVCPA301031200Press Release010300000103120183969340Fitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.11/30/2007 2:14:00 PM75Votorantim Celulose e Papel S.A.388432_pr_frameCredit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/moodys/COP_820562182moodys/COP_820562182htmlGlobal Credit Research Credit Opinion # OCT #### Credit Opinion: VCP - Votorantim Celulose e Papel S.A. VCP - Votorantim Celulose e Papel S.A. Sao Paulo, Brazil Ratings Category Moody's Rating Outlook Rating(s) Under Review Issuer...10/26/2007 12:12:00 PMhtmlVCP - Votorantim Celulose e Papel S.A.VCP - Votorantim Celulose e Papel S.A.820562182150.0000NewsCredit OpinionCOP_820562182Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/ccbn/T1581671ccbn/T1581671norm10/18/2007 2:07:00 PMVotorantim Celulose e Papel S.A.54.0000FinalQ3 2007 Votorantim Celulose e Papel S.A. Earnings Conference Call (English) TranscriptVCP9:00am ET...Good morning, ladies and gentlemen, and welcome to VCP's third quarter #### results conference call. If you need a copy of the Press Release, you can get one by selecting the investor link on VCP's website, www.vcp.com.br. We would like to inform you that this event is being recorded and all participants will be in a listen-only mode during the Company's presentation. After the Company's remarks are over, there will be a question and answer session dedicated to the financial community. At that time, further instructions will be given. (OPERATOR INSTRUCTIONS). Before proceeding, let me mention that forward-looking statements are being made under the Safe Harbor of the Securities Litigation Reform Act of ####. Actual performance could differ materially from the expected performance mentioned in any forward-looking statements as a result of the macroeconomic conditions, market risks and other factors. With us today in Sao Paulo are Mr. Valdir Roque, Chief Financial Officer, Mr. Marcelo Castelli,... TranscriptT1581671Credit & Investment ResearchThomson StreetEvents