NEWS

Notes issuance

Marval, O'Farrell & Mairal acted as Argentine counsel to the issuer and the guarantor in the issue of US$150,000,000 8.875% Notes due 2015 issued by Caue Finance Limited, a company organized under the laws of the Cayman Islands, unconditionally guaranteed by Camargo Correa Cimentos S.A., a Brazilian company.
July 29, 2005