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The offering provided Braskem with over US$ 420 million – the largest issuance in 2004.
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             Global Offering Final Allocation

                   Brazil
                   27.8%

     Brazilian                              USA
      Retail                               44.1%
       5.5%


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         2.8%
                   Others         Europe
                    2.1%           17.7%
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      29.5%    29.5%                     100.0%   56.3%               35.0%   33.9%



                                           POLIALDEN




    Jointly Controlled Subsidiaries
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              Evolution of LDPE / Naphtha Prices


                                                                                   LDPE / Naphtha Prices Evolution
     240                                                                            Base 100 = January 3, 2003
     220                                                                                                                                                                                                              LDPE
                                                                                                                                                                                                                       217
     200

     180

     160
                                                                                                                                                                                                                      Naphtha
     140                                                                                                                                                                                                               148

     120

     100

     80

     60




                                                                                                                                                                                                        Oct-04

                                                                                                                                                                                                                 Nov-04
                                                                          Aug-03




                                                                                                     Nov-03

                                                                                                              Dec-03




                                                                                                                                                                                               Sep-04
                                                                                   Sep-03

                                                                                            Oct-03




                                                                                                                                         Mar-04

                                                                                                                                                  Apr-04

                                                                                                                                                           May-04




                                                                                                                                                                                      Aug-04
                                                                                                                       Jan-04

                                                                                                                                Feb-04




                                                                                                                                                                    Jun-04
                    Feb-03

                             Mar-03

                                      Apr-03

                                               May-03




                                                                 Jul-03




                                                                                                                                                                             Jul-04
           Jan-03




                                                        Jun-03




                                                                                                        Naphtha                 LDPE



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No deal road show 4 q04

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  • 12. B # # B " # # " $ # # =< # 1H 1 1 H # ' >< >< 1 D' # 7 8 7+8 7 82 8 7+ 7 8 738 7 82 8 73 7 82 8 73 # / //1 2 / ! /2 $ / !! 0/ 12 /! / 0!2 $ 02 0! ! 0 2 < '#7A8 (6 5(C 5"" 1(C (9 1"" +! B3 0 02 0 00 2 + ! < '#7A8 B3 (5 (> 5 " ) " (> 5>(@ 15" ) " ## 46 5 00 0 / /0 46 5 B # ! 46 5 /1 00 46 5 0/
  • 13. +! B3 # # # $" # =< # 5 > ) 76>18 71 8 6 D N * " #' 9> # 2 * # " C5 D 1 1 H 1H 0
  • 14. # # +! B3 +!B3 +! B3 )3 '3 " 6 9 C9 5 9 > 51 @ 59> C5 C5 596 9 9 5C 1 5> 5 1 H H 1 1 1 H H 1 5H H 1H 5 1 H H 1 1 1 H H 1 5H H 1H 0
  • 15. ## =< # 1H 1 1 H >< >< 1 7 8 7+8 7 8 738 ## 7198 71 C @8 755 5 ) 8 7 58 C ' * # # D ' #7 D8 / 0 < # 0D #7 <D8 00 0 01 /0 #( $ DN <DD ( 7 68 7 18 7C 68 C 761 8 5 ! " F $" # '# ## F * # " " # $ ( ! $ " # * # " F # " $ ( ! O *" # # ! ## ( 0
  • 16. O &< # ' # $ C12 2 5 69A ( ## # # ' # 5 I ' 2# ( B # *" ? 3 61 << ?3 << (CA ## # # ' ( # $ ' *" *" ? 3 5 << @ ? 3 5 @<< 1 ! 4 ? =>5 << ! 4 ? =1 << @ 0
  • 17. B # # '# # # # " F # 7 $ >2 2 1 8 B %< 5A !: 3B = # * 5A 5>A 5A 3 4 @ 1 ) 5 4 1 6 ) 3 4 ) 69> ?= 5A ! ## F # =< # A ? =C9A 5 > ) = 3 2 + ! 7: <8G B3 ! ( A 1(9A 1(9 ( A 1 @ ( 5>6@ ) C >(5A ( 1 ?3 5 (5A @(6A 5) 7 8 7 8 5>1 ) 69 5@ C ) @> 656 "2 2 5 N 9 C 6 @ 3 2 3 # E # 758 " 1 75 B 8 # ?= #$ $ # $ ' G :<M : ! ! < # 7 8 # " # $ 55 3 # B 0
  • 18. 0 $ # +! B3 )3 )3 K >A K A 5) 9>9 @ 9 ) 5@ @ )@ 51 9 )5 B # >< 1 >< )3 >< 1 >< ∆P = >C *" 7 > 8 3 2+! B3 '3 " >< 7, 89 K A %1 A @ C5 5I 1 @ ( >9 ( 1 >< 1 >< 5I >< G :<M : ! # 0
  • 19. 0 : ;* Evolution of LDPE / Naphtha Prices LDPE / Naphtha Prices Evolution 240 Base 100 = January 3, 2003 220 LDPE 217 200 180 160 Naphtha 140 148 120 100 80 60 Oct-04 Nov-04 Aug-03 Nov-03 Dec-03 Sep-04 Sep-03 Oct-03 Mar-04 Apr-04 May-04 Aug-04 Jan-04 Feb-04 Jun-04 Feb-03 Mar-03 Apr-03 May-03 Jul-03 Jul-04 Jan-03 Jun-03 Naphtha LDPE 4+ ') $ 5 92 52 ( 0!
  • 20. &$ ' " # 0((( 8 *% 5 %& < #; " G " # " 0 : !Q Q I : :Q Q: ? =2 # D 850 750 650 550 450 350 250 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 G 3$ $ # ## # # " $ # 7 8 # #" # 7 % % # "8 & " 4 < B /1
  • 21. + & 6 # * /0
  • 22. '# $ D # / ; # " 0 ! # ' # B# 0 # # S ER < # "#0 //
  • 23. 4 % * % 5( # # 0 6 !B : 0 #4 5 & ' + F 2 + 41 & + + O9 & 4 R # 45 & ! #$ S ! D49 &7 0 98 K " # 5 &G 41 ; 7 ' 98 K " # 5 &G 41 &7 68 R G # / # C ) # 4C &7 >8 + F M + G " * G! " # + $3 /
  • 24. 8 & : ; # 0 ' # # ## #" : # # $ ' #$ #$ $ # D #$ : # # $ ' # "# # # # # " / + & * T /
  • 25. 8 & : ; # 0 ' # # ## #" : # # $ ' #$ # $ ' #% 0 " + & 0 T : # # $ ' #$ ##% # ' /
  • 26. 8 & : ; + & ! # ' # 0 5> # 1 # #" / B# # # # " # $! # 59 < C" " # =1 ## & 2 " # # "" # # # # # < # #' # # # D ## #" D P? = 9 G # 7G8 #9 0 5A 5 # /
  • 27. '# $ D # / ; " # "" U 0V ! ! # ' # B# U # # ' 0 B# V # S "#0 /
  • 28. " # 6% ; * # * # # $ 0 ' # ' % # $ ' # ' #" = # 11 11 @9 C " 1 2 3 21 "2 4 # # ' ## F ' # /
  • 29. " # 4 ; # * ; ' " * % ; D #4 = 6 # V ' # ' # " # ' UV = W 11 11 @9 % & > C 21 3F 1 2 2 < 4 # # F # 5 : 0 ' # " /!
  • 30. $ $ " # # *" # $ 0 ' # ! # '0 I' 0%E $ # 3 "# < #' # H $ "" +# + # &# &# ' ' B# # * # ;# ' ;# ' < #' # ! + & # 0 < #' # # ' $ 7S+ # 8 1
  • 31. B #$ # $ "" #0 # " # S $ # +# & " "" # +# & 5 # @ 0
  • 32. # $ D # ## #G # D GG = # ?= # 7G8 # # # # ' # F 7GG8 5 0 #5 A 5 # /
  • 33. D # # # ) # 0 = #20 1C 56 C 9 C 6 # # # ' ## F
  • 34. # $ D # 0 ) ' 0 ## #G = # * @A < @A # " # 6A $ #0 $ ? 59A # 1A 5>A D " # 0 7G8 # # # ' ## F
  • 35. # $ D # B # # B # # B =<< 20 =<<G A S # # # 59 % % S # # >9 11 % # # 11 6>A 7G8 6
  • 36. + & 6 ? ( % & ## #G " # GG = # ?= # 7G8 # # # # ' # F 7GG8 5 0 #5 A 5 #