Cancellation of the registry of BEQPXE

NOTICE N.º 0295/06

We hereby inform that, on 3^rd April, 2006, the issue of cash bonds "BES - Multi Valor - Março/2003", registered in the Securities Central under the code BEQPXE, shall be cancelled, due to its total redemption taking place on that date.

INTERBOLSA, 29^th March, 2006