OREANDA-NEWS. October 21, 2011. At a Meeting of the Board of Directors of Companhia Providencia Industria e Comercio held on October 20 2011, approval was granted for the distribution of interim dividends to the shareholders in the amount of BRL  14,118,357.94 (fourteen million, one hundred and eighteen thousand, three hundred and fifty-seven Reais and ninety-four centavos), which corresponds to 100% of the dividend calculation base for the 1st Half 2011. This calculation basis is equivalent to the net income for the 1st half of 2011 of BRL  9.5 million, less the legal reserve, BRL  0.5 million, plus the realization of the deemed cost of BRL  5.1 million.

The value of BRL  14,118,357.94 (fourteen million, one hundred and eighteen thousand, three hundred and fifty-seven Reais and ninety-four centavos), corresponding to BRL  0.17671797 per common share, shall be paid through the intermediary of Banco Bradesco S.A, becoming ex-dividend on October 31 2011 with payout to take place on November 25 2011, without retention of withholding tax and without monetary restatement or interest pursuant to Article 205 of the Corporate Law.

Instructions for crediting:

1.1 – For those holders of shares registered with the custody service of Banco Bradesco S.A., the credit shall be effected on November 25 2011, directly to current account for holders of accounts with the bank and through an electronic transfer (DOC/TED) to the account holders of the remaining banks;

1.2 – On the same date, the Company shall place the amounts due to the shareholders with the Stock Exchanges where custody services are rendered by these institutions, the latter being responsible for transferring these amounts to the depository broker agents for onward credit to the entitled shareholders.

1.3 – For further details, please contact:

Investor Relations

BR 376, Km 16,5 – Sao Jose dos Pinhais – PR – 83.015-000

Telephones: (0xx41) 3381-8667 – Fax: 3283-5909