RIACHUELO OPENS NEW STORE IN THE NORTHEAST São Paulo, Brazil, April 27, 2006 - Guararapes Confecções – Lojas Riachuelo [BOVESPA: GUAR3(ON); GUAR4(PN)] announces that yesterday opened a new Lojas Richuelo’s store in Aracaju, Sergipe State, at Jardins Mall, one of the five largest mall in the northeast region. This is our 78th department store in Brazil and our second in the State. Having external access, the new store constructed area is 4,410 square meters, of which 3,470 m² correspond to the total sales area, divided between ground level and mezzanine. On the opening day, it outperformed all the other stores of the group in terms of sales. Lojas Riachuelo Jardins Mall Av. Ministro Geraldo Barreto Sobral, 215 SL L 23 Jardins - Aracajú – SE 49026-900 Phone: 55 79 2104-4100 For further information, please contact our Investor Relations Team: Guararapes Confecções - Lojas Riachuelo Flávio Rocha Vice-president and Investor Relations Officer – Lojas Riachuelo Phone: 55 11 6281-2460 E-mail: [email protected] Website: http://www.riachuelo.com.br/ri About Guararapes-Riachuelo: Guararapes Confecções is the largest apparel manufacturing company in Brazil and controller of Riachuelo's retail chain, the second largest apparel department store in Brazil, with 78 stores in the country. Since its foundation, Guararapes' goals are to supply high quality products with affordable prices, focusing customers and shareholders' expects. The integration of its manufacturing company and its retail chain, the only succeed and attested business model, is one of its main distinction, enabling GuararapesRiachuelo to answer promptly to the steady trends and changes in the market and in the fashion world. Statements included in this report regarding the Company’s business prospects, the outlook for operating and financial results, and referring to the Company’s growth potential are merely projections and were based on Management’s expectations regarding the Company’s future. Those projections are highly dependent on market changes, on the Brazilian general economic performance, on the industry and on international markets and are, therefore, subject to change.