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About the Report

To improve the transparent communication with stakeholders, Camargo Corrêa is using for the fourth consecutive year the guidelines of the Global Reporting Initiative (GRI) in its G3 version to elaborate its Annual Report. Over 2 thousand companies have already voluntarily adopted the guidelines of this international organization encouraging the disclosure of information on sustainable practices. |GRI 3.3|

The reporting period is January 1 to December 31, 2011, reflecting the business performance and results in Brazil and abroad. The financial information follows for the second year the International Financial Reporting Standards – IFRS and was audited by Deloitte Touche Tohmatsu, which maintains an independent relationship with Camargo Corrêa. Data from subsidiaries is considered according to the holding company’s shareholding interest at their respective net worth. Other references are quality certifications (ISO 9000, ISO 14001, and OHSAS 18001). Air emissions are measured according to the methods of the Brazilian GHG Protocol Program and Brazilian standards applied to labor relations. Except for the number of

employees, socio-environmental information comprises only operations in Brazil, and is internally verified. |GRI 3.1, 3.2, 3.6, 3.7, 3.8, 3.9, 3.13|

Along the year, the holding company sold its 13% shareholding interest at the voting capital of Usiminas S.A. This transaction was concluded in December 2011. The company also disposed of its shareholding interest at Loga and at Cavo Serviços e Saneamento S.A. Any changes to the data provided by the previous report published in May 2011 are duly indicated along the document. |GRI 2.9, 3.10, 3.11|

The content of this document was internally defined after informal consultation with several executives, as well as the operational workforce. This implied deep reflections about the concerns and interests of the Group’s stakeholders. This report reached the level C of application of the GRI guidelines. For such, it fulfilled the requirements below. |GRI 3.5|