Votorantim Participacoes S.A. Announces Receipt of Requisite Consents for Its 7.75% Notes Due 2020 and 6.625% Notes Due 2019 and Extension of Consent Solicitation for Its 7.875% Notes Due 2014

SAO PAULO, Sept. 21 /PRNewswire/ -- Votorantim Participacoes S.A. ("Votorantim") announced today that with respect to its previously announced consent solicitations (i) Voto—Votorantim Overseas Trading Operations IV Limited ("Voto IV") received the requisite consents from the holders of Voto IV's 7.75% Notes due 2020 (the "Voto IV Notes") and (ii) Voto—Votorantim Overseas Trading Operations V Limited ("Voto V") received the requisite consents from the holders of Voto V's 6.625% Senior Notes due 2019 (the "Voto V Notes"), in each case, to implement the Proposed Amendments (as defined below).  Votorantim also announced today that Voto—Votorantim Overseas Trading Operations III Limited ("Voto III" and, together with Voto IV and Voto V, the "Issuers") is extending the expiration date for its previously announced consent solicitation with respect to its 7.875% Notes due 2014 (the "Voto III Notes" and, together with the Voto IV Notes and the Voto V Notes, the "Notes").  Voto III is extending the expiration date for its consent solicitation to 5:00 p.m. (New York City time) on Wednesday, September 29, 2010, unless further extended.  Voto III, Voto IV and Voto V are each a financing subsidiary of Votorantim.

Voto III is soliciting consents, and Voto IV and Voto V solicited consents, from holders of its respective Notes in order to, among other things, substantially conform certain provisions in the indenture governing its Notes to the corresponding provisions in the indenture dated as of April 5, 2010, governing Voto—Votorantim Limited's U.S.$750.0 million 6.75% Senior Notes due 2021 and the indenture dated as of April 28, 2010, governing Voto—Votorantim Limited's euro 750.0 million 5.25% Senior Notes due 2017 (the "Proposed Amendments").  The Proposed Amendments also allow the respective Issuers of the Notes to be substituted under certain conditions.

As of 5:00 p.m. (New York City time) on September 20, 2010, Voto III had already received nearly all of the consents needed to achieve the requisite consents in order to implement the Proposed Amendments.  All holders of Voto III Notes who have previously delivered consents do not need to redeliver consents or take any other action in response to this extension.  Other holders of Voto III Notes may use the previously distributed consent letter for purposes of delivering their consents.  The terms and conditions of the consent solicitation of the Voto III Notes remain unchanged.  Holders of the Voto III Notes are referred to the consent solicitation statement delivered to the holders of the Voto III Notes, dated September 9, 2010, and the related consent letter, for the detailed terms and conditions of the consent solicitation of the Voto III Notes.  The consent solicitation of the Voto III Notes is made solely by means of the consent solicitation statement and the related consent letter.  These materials contain important information that holders of the Voto III Notes should carefully read before any decision is made with respect to the consent solicitation.

Votorantim, an investment grade company, is one of the largest privately held conglomerates in Latin America.  Votorantim is a market leader in each of its main business segments: cement; non-ferrous metals; pulp and paper; and financial services; and has important steel, agribusiness, chemicals and energy operations.  Its participation in the pulp and paper and financial services segments is through companies that it jointly controls.

Any questions or requests for assistance or for copies of the consent solicitation statements, the consent letters or related documents may be directed to the Information Agent at its telephone number set forth above. A holder also may contact the Solicitation Agent at its telephone number set forth below or such holder's broker, dealer, commercial bank, trust company or other nominee for assistance concerning the consent solicitations.

THIS PRESS RELEASE IS NEITHER AN OFFER TO SELL NOR THE SOLICITATION OF AN OFFER TO BUY ANY SECURITY.  THIS ANNOUNCEMENT IS ALSO NOT A SOLICITATION OF CONSENTS TO THE PROPOSED AMENDMENTS TO THE INDENTURES.  NO RECOMMENDATION IS MADE AS TO WHETHER HOLDERS OF NOTES SHOULD CONSENT TO THE PROPOSED AMENDMENTS.

Forward-Looking Statements

This press release contains forward-looking statements. These include statements regarding risks and uncertainties, including, but not limited to, statements about the benefits of certain transactions to be undertaken following the consent solicitations, financial trends affecting the Issuers' businesses, and future projections. These statements are based on the Issuers' and Votorantim's estimates and assumptions and on currently available information. To the extent that the forward-looking statements include information concerning the Issuers' or Votorantim's possible or assumed future results of operations, the Issuers' and Votorantim's actual results may differ significantly from the results discussed. Forward-looking information is intended to reflect opinions as of the date this release was issued, and such information will not necessarily be updated or revised by the Issuers or Votorantim, whether as a result of new information, future events or otherwise.

SOURCE Votorantim Participacoes S.A.