Conversion into definitive securities of BINBOE--R to BINBOE

NOTICE N.º 0174/08

We hereby inform that the bearer bonds representing the debenture loan "Celbi/2008 - 2018", of Celulose Beira Industrial (Celbi), S.A., registered under the code BINBOE--R, took on 13^th February, 2008, the code BINBOE.

INTERBOLSA, 13^th February, 2008