Presentation - Capital Budget

This document provides a summary of PDG Realty's capital budget and planned investments for 2008. It includes: 1) Investments made in 2008 totaled R$170.2 million, with 45.5% going to portfolio companies and 38.9% to co-development. 2) Planned investments for 2008 total R$365.6 million, with portfolio companies receiving 49.6% and co-development 37.1%. 3) The main sources of financing are retained earnings of R$50.7 million and cash of R$641.8 million carried over from 2007. R$365.6 million will be invested in 2008, and the remaining R$293.1