CVRD stock merger with Caemi clarification
Rio de Janeiro, January 24,
2006 Regarding the press release issued on January 23, 2006,
Companhia Vale do Rio Doce (CVRD) clarifies that, according to paragraph 1, article 137 from Law
6,404/76, the shareholders that acquire common shares of CVRD from January 24 onwards, will not
have withdrawal rights in the case of approval of the stock merger by CVRD ´s Board of Directors.
The withdrawal rights
will take place according to the book value stated on the last balance sheet
issued in September 2005, which is significantly inferior to market value.
The shareholders of
preferred shares have no withdrawal rights.
For further information, please contact:
Roberto Castello Branco: roberto.castello.branco@cvrd.com.br +55-21-3814-4540
Alessandra Gadelha: alessandra.gadelha@cvrd.com.br +55-21-3814-4053
Barbara Geluda: barbara.geluda@cvrd.com.br +55-21-3814-4557
Daniela Tinoco: daniela.tinoco@cvrd.com.br +55-21-3814-4946
Fábio Lima: fabio.lima@cvrd.com.br +55-21-3814-4271
Pedro Gibbon: pedro.gibbon@cvrd.com.br +55-21-3814-6026
This press release may contain
statements that express managements expectations about future
events or results rather than historical facts. These forward-looking statements involve risks and
uncertainties that could cause actual results to differ materially from those projected in
forward-looking statements, and CVRD cannot give assurance that such statements will prove correct.
These risks and uncertainties include factors: relating to the Brazilian economy and securities
markets, which exhibit volatility and can be adversely affected by developments in other countries;
relating to the iron ore business and its dependence on the global steel industry, which is
cyclical in nature; and relating to the highly competitive industries in which CVRD operates. For
additional information on factors that could cause CVRDs actual results to differ from
expectations reflected in forward-looking statements, please see CVRDs reports filed with the
Brazilian Comissão de Valores Mobiliários and the U.S. Securities and Exchange Commission.