Votorantim Participacoes S.A. Announces Receipt Of Requisite Consents For Its 7.875% Notes Due 2014

SAO PAULO, Sept. 29 /PRNewswire/ -- Votorantim Participacoes S.A. ("Votorantim") announced today that with respect to the previously announced consent solicitation by Voto—Votorantim Overseas Trading Operations III Limited ("Voto III"), a financing subsidiary of Votorantim, Voto III received the requisite consents from the holders of Voto III's 7.875% Notes due 2014 (the "Notes") to implement the Proposed Amendments (as defined below).  

Voto III solicited consents from holders of the Notes in order to, among other things, substantially conform certain provisions in the indenture governing the 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 Voto III to be substituted as the issuer of the Notes upon the satisfaction of certain conditions.

Votorantim, an investment grade company, is one of the largest privately held conglomerates in Latin America.  Votorantim is among the market leaders 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.

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 INDENTURE.  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 solicitation, financial trends affecting the Issuer's business, and future projections. These statements are based on the Issuer's and Votorantim's estimates and assumptions and on currently available information. To the extent that the forward-looking statements include information concerning the Issuer's or Votorantim's possible or assumed future results of operations, the Issuer's 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 Issuer or Votorantim, whether as a result of new information, future events or otherwise.

SOURCE Votorantim Participacoes S.A.

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