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Suzano Papel e Celulose S.A.

São Paulo, Brazil, 11 August 2010 -- Suzano Papel e Celulose (Bovespa:SUZB5), one of the largest integrated pulp and paper producers in Latin America, today announced its consolidated results for the second quarter of 2010. The company's financial and operational information is presented on a consolidated basis and in Brazilian real (BRR), in accordance with Brazilian Corporation Law, and includes the accounting changes introduced by federal laws 11,638/07 and 11,941/09.

Highlights 2Q10:

  • Total market pulp and paper production of 705,000 tons.
  • Sales volume of 717,000 tons: 420,000 tons of pulp and 297,000 tons of paper.
  • Net revenue of BRR 1.2 billion.
  • Pulp production cash cost of BRR 464/ton (excluding maintenance downtime costs).
  • EBITDA of BRR 413 million, with EBITDA margin of 34.7%.
  • Net income of BRR 135 million.
  • Net debt/EBITDA ratio: 2.7 in June 2010.
  • Successive price increases and global market pulp inventories below historical levels.
  • New increases in paper prices in both domestic and export markets.
  • Cash and cash equivalents of BRR 2.5 billion on 30 June 2010.
  • Gross debt reduction of BRR 202 million.

Additional information is available at http://suzano.infoinvest.com.br/enu/1609/Press%20Release_ENG_2T10_2010.08.11.pdf.

Suzano Papel e Celulose S.A., with annual revenue of BRR 4.0 billion in 2009, is one of Latin America’s largest vertically integrated producers of eucalyptus pulp and paper, with annual production capacity for 1.1 million tons of paper and pulp annual production capacity reaching 1.7 million tons of market pulp/year. It offers a broad range of pulp and paper products for domestic market and exports, with leadership positions in key Brazilian markets. It has four product lines: eucalyptus pulp, uncoated woodfree printing and writing paper, coated woodfree printing and writing paper, and paperboard. Additional information is available at http://www.suzano.com.br/portal.


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