São Paulo, January 11, 2005
CVM – Comissão de Valores Mobiliários
(Securities and Exchange Commission of Brazil)
Rua Sete de Setembro, 111, 27º andar,
Rio de Janeiro, RJ
Copy to: Bolsa de Valores de São Paulo (São Paulo Stock Exchange)
Gerência de Acompanhamento de Empresas
(Companies Follow-up Management)
Rua XV de Novembro, 275, 5º andar
São Paulo - SP
Re: Ofício[Official letter]/CVM/SEP/GEA-1/009/2005 – Acquisition of Material
Participation in the Public Offering Stabilization Process – CVM Instruction
358/02
Referring to the Ofício/CVM/SEP/GEA-1/009/2005, Bradespar S.A. (“Bradespar”)
announces to the market and its stockholders the following:
(i) Banco de Investimentos Credit Suisse First Boston S.A. (“Buyer”), with head
offices in the city of São Paulo, State of São Paulo, located at Av. Brigadeiro Faria Lima,
3064, 12º a 14º andares, duly enrolled with the Corporate Taxpayer’s ID (CNPJ)
33.987.793/0001-33, acting in the capacity as lead manager and stabilizer agent in the
primary public offering of ten million, forty-eight thousand, five hundred and forty-six
(10,048,546) preferred stocks issued by Bradespar;
(ii) In order to render price stabilization services for the preferred stocks issued by
Bradespar in the public offering, under the terms of stabilization agreement submitted to
CVM during the offering registration process, the Buyer borrowed, through lending by
Banco de Títulos (Securities Lending Program) of CBLC (Brazilian Clearing and
Depositary Corporation), 1,509,789 preferred stocks of Bradespar (BRAP4), whereas
723,542 stocks were acquired on 12/13/04 and 616,247 stocks on 12/14/04, totaling
10.192616% of this type of stock. These stocks were lent until 12/20/04, date on which
greenshoe related to the offering was exercised; and
(iii) The Buyer did not hold stocks, subscription bonus, as well as stock subscription
rights and stock option plans or any other covenant or agreement regulating the voting
right or the purchase and sale of securities issued by Bradespar, except for the right to
exercise the distribution of a supplementary lot of stocks, under the terms of the
coordination agreement, firm commitment of subscription and placement of preferred
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stocks issued by Bradespar and services agreement for the price stabilization of preferred
stocks issued by Bradespar, submitted to CVM during the offering registration process.
(iv) Exemption for press release was granted, under the terms of the paragraph 5,
item V, Article 12 issued by CVM Instruction 358/02, since the purpose of the acquisition
was the rendering of services for the price stabilization of preferred stocks issued by
Bradespar in its public offering, which was already duly publicized, as well as the
necessary authorizations from the regulatory bodies were obtained.
We remain at your disposal for further clarifications deemed necessary.
Sincerely yours,
BRADESPAR S.A.
Renato da Cruz Gomes
Director
Rômulo de Mello Dias
Director
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