🕐03.03.11 - 22:54 Uhr

Material Fact - Consent Order Between Brasil Ecodiesel and Petrobras



BRASIL ECODIESEL IND�STRIA E COM�RCIO DE BIOCOMBUST�VEIS E �LEOS VEGETAIS S.A., a publicly held company, with headquarters in the city and state of S�o Paulo, at Avenida Brigadeiro Faria Lima, 1461, 4� andar, Torre Sul, Pinheiros, CEP 01452-921, whose ordinary shares are traded on the Novo Mercado Special Corporate Governance segment of the BM&FBOVESPA under the ticker symbol ECOD3, in compliance with article 157, section 4, of Law 6,404/76, as well as Brazilian Securities and Exchange Commission (CVM) Instruction 358/2002, hereby informs its shareholders and the market in general that, on this date, an Instrument for the Settlement of Dispute ("Instrument") was entered into with the Company Petr�leo Brasileiro S.A.

- Petrobras aiming at the dismissal of case No.

0176777-51.2008.8.19.0001, pending before the 11th Civil Court of the Judicial District of the Capital City of the State of Rio de Janeiro. According to the referred Instrument, the Company and Petrobras, notwithstanding any consideration on the merits of the action and the counterclaim, decided to mutually waive the collection of fines from one party to the other, concerning the Biodiesel Sales Agreements entered into between them. The execution of this Agreement results in the dismissal of the case related to the collection of contractual fines described in paragraph 4 of the last Review Report of the Independent Auditors of the Company, thus representing the reverse entry of the accounting value of the contractual fines registered in favor of Brasil Ecodiesel against Petrobras, at the value of R$ 11,458 thousand. Brasil Ecodiesel, in compliance with the regulations of the Securities and Exchange Commission of Brazil (CVM) and of the Novo Mercado Special Corporate Governance Segment, will keep shareholders and the market informed of any material developments involving the Company through the BM&FBovespa - Securities, Commodities and Futures Exchange, the CVM and the companys investor relations website (www.brasilecodiesel.com.br/ri). S�o Paulo, March 2nd, 2011.



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