pt-br about approach contacts log in Bull-markets are born on pessimism, grow on skepticism, mature on optimism and die on euphoria. John Templeton Roberto Cabot, Sugar for Tate, 2008 Nau Securities Limited is authorised and regulated by the Financial Conduct Authority. We are an independent, research-led firm with a focus on companies trading on the BM&F Bovespa and other Latin American stock exchanges. Our overriding objective as a firm is to help our clients to make informed, timely and ultimately profitable investment decisions. We are passionate about discovering investment opportunities for our customers and seek to meet their varied advisory service requirements by providing fundamental investment research on Latin American firms across four areas of the market, namely: Banks Conglomerates Consumer Infrastructure We do not apply the firm’s capital to the stocks and investments that we recommend to our customers, so our success as a commercial enterprise is therefore dependent on our ability to add value to our customers through the quality of our advice and research. We believe that our customer orientated business model and the fact that our staff are shareholders, results in a natural alignment of interests with our clients; which in-turn represents the foundation of our independence as a firm. Please read the following disclaimer before using any information contained on our website. Disclaimer PASSION FOR DISCOVERY ©2014 Nau Securities Limited. Authorised and regulated by the Financial Conduct Authority (FCA). Disclaimer _ Design by Bolos Quentes. Developed by Queo.

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pt-br about approach research contacts log in Nau Securities Limited 2 Eaton Gate London SW1W 9BJ United Kingdom t +44 20 7947 5510 f +44 20 3043 0009 If you would like to find out more about Nau Securities Limited services please contact romasviesulas@nau-securities.com If you would like to find out more about career opportunities with Nau Securities Limited please send a letter and CV to HR@nau-securities.com Registered in England Company No. 7128441 (Registered office: 11 Gough Square, London EC4A 3DE, United Kingdom) Authorised and regulated by the Financial Conduct Authority (number 558158). PASSION FOR DISCOVERY ©2015 Nau Securities Limited. Authorised and regulated by the Financial Conduct Authority (number 558158). Disclaimer _ Design by Bolos Quentes. Developed by Queo.