CORPORATE PRESENTATION

INVESTOR RELATIONS

The Company makes forward looking statements that are subject to risks anduncertainties. These statements are based on the beliefs and assumptions of ourmanagement as well as on information currently available to us. Forward-looking statementsinclude information regarding our current intent, beliefs or expectations, in addition to those ofthe members of the Board of Directors and Executive Officers of the Company.

Forward-looking statements also include information regarding our possible or assumed futureoperating results, as well as statements preceded or followed by, or that include, the words''believes”, ''may”, ''will”, ''continues”, ''expects”, ''anticipates”, ''intends”, ''plans”,''estimates”, or similar expressions.

Forward-looking statements are not guarantees of performance. They involve risks,uncertainties and assumptions, for they relate to future events, thus depending oncircumstances that may or may not occur. Our future results and the creation of value toshareholder s may differ significantly from those expressed in or suggested by these forward-looking statements. Many factors determining these results and values are beyondCielo’s ability to control or predict.

DISCLAIMER

2

CIELO | BRAZIL S LEADING MERCHANT ACQUIRER

#1MERCHANT ACQUIRER

AND PAYMENT

PROCESSOR IN BRAZIL

AND LATIN AMERICA PR

ES

EN

T IN

MO

RE

TH

AN

OF BRAZILIAN

MUNICIPALITIES

MARKET CAP – AMONG

20 LARGEST IN

BM&FBOVESPA

R$ 22 BILLION98%

Exchange rate: 1USD = R$1.653

Over 1.1 million active merchants

ADR level 1 program

Most modern POS and data capture network

50 % minimum dividend pay out

R$ 4.4 billion annual revenue and EBITDA of R$ 2.9 billion

4

Free float of 42.4%

(controlling shareholders are Banco do

Brasil and Bradesco with equal

participation)

CIELO | ONE OF THE WORLD S LARGEST

PAYMENT NETWORKS

CIELO AT A GLANCE

THE CIELO STORY | AGENDA

Key Strenghts

Performance

Strategy to Grow

5

Resilient GDP growth for

2011: 3.7%

Low unemployment rate: 6.2%

in July/11

More credit availability:

R$1,854 billion in July/11 or

47.3% of GDP

Strong domestic retail sales:

7.3% in June/11 y-o-y

POSITIVE MACROECONOMIC SCENARIO

6

Penetration Of Cards as Means of Payment in the Private

Consumption Expenditure (PCE)

GROWTH POTENTIAL GIVEN LOW CARD PENETRATION

Growth [%]

15%10%5% 25%20%0

PCE Penetration

40%

30%

20%

60%

50%

10%

UK

The Netherlands

USA

Brazil

France

Card Volume [USD bn]

Other European

countries

Source: Datamonitor; Euromonitor; Press research; EIU; Roland Berger - 20087

UPCOMING SOON

VO

UC

HE

RC

RE

DIT

AN

D D

EB

IT

DIVERSIFIED PORTFOLIO OF BRANDS

8

Cielo POS, Cielo ECR – Mobile Checkout and IP One

Cielo Customized Data Capture – Shared POS, Visa

Vale Pedágio (Tolls)

Cielo Mobile - iPhone, iPad and iPod touch App

Cielo E-Commerce

Cielo Credit

Cielo Debit

Cielo Parcelado/Parcelado Loja (Instalment)

Cielo Vouchers – Food, Auto

Cielo Financing - Agro / Store, Distribuition

Cielo Lynx

DATA

CAPTURE

SOLUTIONS

PAYMENTS

SOLUTIONS

ANTI-FRAUD

SOLUTIONS

Cielo Premia (Loyalty and Rewards)

Cielo Saque (Cash Advance)

Cielo Recarga - Top up

Cielo Correspondente – Banking services

VALUE ADDED

SOLUTIONS

Cielo Vcorp (Corporate)

Cielo Stand In

Cielo MIS

Cielo Renova

Cielo Pre-Auth

PRODUCTIVITY

SOLUTIONS

MOST COMPREHENSIVE VALUE

PROPOSITION

9

Source: 2011 The Nilson report

SCALE IS CRITICAL TO OUR SUCCESS

10

Cielo’s controlling shareholders*

DISTRIBUTION IS A KEY ADVANTAGE

Cielo’s partner banks

26%

19%

19%

12%

11%

5%

8%

Network of Bank distribution by the number of branches

*

Others

*

11

Total = 19,454

THE CIELO STORY | AGENDA

Key Strenghts

Strong Performance

Strategy to Grow

12

1.142 1.403

1.720 2.003

2.323

836

987

1.232

1.424

1.716

2006 2007 2008 2009 2010

Number of transactions (million)

Debit

Credit

CAGR: 19.5%

1.978

2.389

2.952

3.427

4.039

CIELO PROCESSED 4 BILLION TRANSACTIONS IN 2010

13

71.197 87.966

110.897 134.792

162.933 39.552

48.534

64.655

79.166

98.742

2006 2007 2008 2009 2010

Financial Volume (R$ million)

Debit

Credit110.749

136.500

175.552

213.958

261.675

CAGR: 24%

CIELO’S NETWORK CAPTURED 7% OF THEBRAZILIAN GDP IN 2010

14

676

824

996

1.133 1.140

2006 2007 2008 2009 2010

Number of Active Merchants (thousand)

Active merchants (transactions in the last 60 days)

MORE THAN 1,1 MILLION ACTIVE MERCHANTS

15

1.038,8

1.409,5

1.764,3

2.450,7

2.924,3

53%

59%

61%

68% 67%

50,00%

55,00%

60,00%

65,00%

70,00%

0,0

500,0

1.000,0

1.500,0

2.000,0

2.500,0

3.000,0

2006 2007 2008 2009 2010

Adjusted* EBITDA (R$ million)

STRONG CASH GENERATION

* Adjusted considering the prepayment business as operational

16

THE CIELO STORY | AGENDA

Key Strenghts

Performance

Strategy to Grow

17

* Value Added Network

Mobile /

eCommerce

Card Present Card Not Present

Payment

Transactions

Non-Payment

Transactions

VAN*

Services

MARKET POSITIONING

18

MOBILE CIELO AGROCIELO PREMIA

INVESTMENT IN INNOVATION

19

CIELO | WHY INVEST?

Leader in a fast growing market

Strong balance sheet, high

cash generation and low

capex requirements

Minimum dividend pay out of

50% of net profit* distributed

twice a year

Focus on innovation and

continuous growth

* After constitution of legal reserves

20

INVESTOR RELATIONS CONTACTS:

www.cielo.com.br/ri

E-mail: ri@cielo.com.br | Phone: + 55 11 2596 1701