Company Empresa Nacional de Comércio, Rédito e Participações S.A. - Encorpar Sao Paulo

Empresa Nacional de Comercio Redito e Participacoes SA Encorpar is a Brazil-based holding company involved in the production of alcoholic beverages. Through its wholly owned subsidiary Fazenda do Cantagalo Ltda, the Company is involved in the production of cachaca, which is a liquor made from fermented sugarcane juice. As of December 31, 2011, the Company held a 29.02% stake in Companhia de Fiacao e Tecidos Cedro e Cachoeira and a 20% stake in Cantagalo General Grains SA. On April 16, 2012, the Company transferred all shares held in Companhia de Fiacao e Tecidos Cedro e Cachoeira to Encorpar Ltda.