OREANDA-NEWS. February 29, 2012. Highlights  for the 4th Quarter 2011 and the year 2011

" Sales Volume amounted to 87.7 thousand tons in 2011, a growth of 11.7% in relation to the preceding year. In 4Q11 we reported 23.0 thousand tons, 14.0% more than in 4Q10;

" Net revenue reached BRL  526.6 million during the year, 16.2% more than 2010, basically reflecting an increase in sales volume;

" Gross Profits were BRL  46.2 million in 4Q11, BRL  6.2 million more than the same period last year, a 15.3% growth;

" Net Debt recorded an increase of BRL  96.9 million, or 39.7%, in relation to 4Q10. Compared with 3Q11, there was an increase of 11.9%, or BRL  36.3 million, the principal factor here being additional funding of new lines projects in Brazil and in the United States;

" In November, the Company drew down the value on an export finance line from the BNDES amounting to BRL  50 million at an annual fixed rate of interest of 9.0%, repayable in 18 months;

" On November 25, the Company made an interim dividend payment of BRL  14.1 million, relating to 100% of the adjusted net income for the first half of 2011 and, subject to approval by the AGM, is proposing the distribution of 100% of the annual adjusted dividend calculation base, equivalent to BRL  39.5 million, BRL  25.4 million of which will be paid out in 2012.