f090610a.htm -- Converted by SEC Publisher, created by BCL Technologies Inc., for SEC Filing

United States
Securities and Exchange Commission
Washington, D.C. 20549

FORM 6-K

Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
of the
Securities Exchange Act of 1934

For the month of
June 2009

Aracruz Celulose S.A.

Aracruz Cellulose S.A.
(Translation of Registrant’s name into English)

Av. Brigadeiro Faria Lima, 2,277—4th floor
São Paulo, SP 01452-000, Brazil
(Address of principal executive office)

(Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.)

(Check One) Form 20-F þ  Form 40-F o

(Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1))

(Check One) Yes o  No þ

(Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7))

(Check One) Yes o  No þ

(Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.)

(Check One) Yes o  No þ

(If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b). 82- .)


FEDERAL PUBLIC SERVICE    
CVM - SECURITIES COMMISSION    
ANNUAL INFORMATION BULLETIN - IAN   12/31/2008

01.01 - IDENTIFICATION        
1 - CVM CODE   2 - NAME OF THE COMPANY   3 - TAXPAYER NO.
00043-4   Aracruz Celulose S.A.   42.157.511/0001-61
4 - COMMERCIAL NAME OF THE COMPANY        
Aracruz Celulose S.A.        
5 - PREVIOUS NAME OF THE COMPANY        
Aracruz Celulose S.A.        
6 - NIRE CODE        
32000002018        

01.02 - HEAD OFFICE            
 1 - FULL ADDRESS           2 - DISTRICT    
 Cam. Barra do riacho, s/nº - km 25       Barra do Riacho    
 3- ZIP CODE       4- CITY   5- STATE    
29.197-900       Aracruz   ES    
 6 - AREA CODE   7- TELEPHONE   10 - TELEX   11 - FAX NO   15 - E-MAIL
 027   3270 - 2442   -   3270 - 2590   http:/www.aracruz.com.br

01.03 - SHAREHOLDERS DEPARTMENT        
 1 - NAME               2 - POSITION
     André Luiz Goncalves           Manager of Corporate Relations
 3 - FULL ADDRESS               4 - DISTRICT
 Av. Brigadeiro Faria Lima,2272 - 3th and 4th Floor - Jardim Paulistano
 5 - ZIP CODE       6 - CITY       7 - STATE
 01.452-000        São Paulo              São Paulo
 6 - AREA CODE   7- TELEPHONE   10 - TELEX   11 - FAX NO   15 - E-MAIL
 011   3301-4139                  -   3301-4117   invest@aracruz.com.br

01.04 - DIRECTOR OF MARKET RELATIONS        
 1 - NAME                
     Marcos Grodetzky            
 2 - FULL ADDRESS               3 - DISTRICT
 Av. Brigadeiro Faria Lima,2272 - 3th and 4th Floor - Jardim Paulistano    
 4 - ZIP CODE       5 - CITY   6 - STATE    
01.452-000        São Paulo   São Paulo    
 7 - AREA CODE   8 - TELEPHONE   11 - TELEX   12 - FAX NO   16 - E-MAIL
011   3301-4160                      -   3301-4202   invest@aracruz.com.br

01.05 - REFERENCE / AUDITOR    
 1 - LAST FISCAL YEAR, BEGINNING   2 - LAST FISCAL YEAR , ENDING
       01/01/2008      12/31/2008
 3 - CURRENT FISCAL YEAR, BEGINNING   4 - CURRENT FISCAL YEAR, ENDING
       01/01/2009      12/31/2009
 5 - NAME OF THE AUDITOR   6 - CVM CODE
       Deloitte Touche Tohmatsu Auditores Independentes      00385-9
 7 - NAME OF THE TECHINICAL RESPONSIBLE   8 - CPF Nº
 José Carlos Monteiro   443.201.918-20

2


FEDERAL PUBLIC SERVICE    
CVM - SECURITIES COMMISSION    
ANNUAL INFORMATION BULLETIN - IAN   12/31/2008

01.01 - IDENTIFICATION        
 1 - CVM CODE   2 - NAME OF THE COMPANY   3 - TAXPAYER Nº
 00043-4   Aracruz Celulose S.A.   42.157.511/0001-61

01.06 - GENERAL INFORMATION    
1 - BRAZILIAN STOCK EXCHANGES WHERE THE COMPANY IS LISTED   2 - MARKETS WHERE SECURITIES ARE TRADED
São Paulo Stock Exchange   Stock Exchange
3 - SITUATION   4 - ACTIVITY CODE   5 - ACTIVITY OF THE COMPANY
In Operation   1040 - Pulp & Paper Industry   Production of Bleached Eucalyptus Pulp

01.07 - STOCK CONTROL / SECURITIES ISSUED    
1 - STOCK CONTROL   2 - SECURITIES ISSUED BY THE COMPANY
     Private, Brazilian      Shares and debenturies

01.08 - PUBLICATION OF INFORMATIVE DOCUMENTS    
1 - NOTICE TO SHAREHOLDERS ABOUT AVAILABILITY OF THE FINANCIAL   2 - STOCKHOLDERS' MEETING TO APPROVE THE FINANCIAL
03/27/2009   05/04/2009
3 - ANNOUNCEMENT OF STOCKHOLDERS' MEETING TO APPROVE THE   4 - PUBLICATION OF FINANCIAL STATEMENTS
04/15/2009   03/31/2009

01.09 - NEWSPAPERS IN WHICH THE COMPANY PUBLISHES INFORMATION    
1 - NAME   2 - STATE
       A Gazeta        Espírito Santo
       Diário Oficial do Estado do Espírito Santo        Espírito Santo
       Gazeta Mercantil        São Paulo
       A Tribuna        Espírito Santo

01.10 - DIRECTOR OF MARKET RELATIONS    
 1 - DATE   2 - SIGNATURE
 05/29/2009   ( signed ) Marcos Grodetzky

  108.435.178 -16

3


FEDERAL PUBLIC SERVICE    
CVM - SECURITIES COMMISSION    
ANNUAL INFORMATION BULLETIN - IAN   12/31/2008

01.01 - IDENTIFICATION        
 1 - CVM CODE   2 - NAME OF THE COMPANY   3 - TAXPAYER Nº
 00043-4   Aracruz Celulose S.A.   42.157.511/0001-61

02.01.01 - BOARD OF DIRECTORS AND CHIEF OFFICERS OF THE COMPANY                        
1 - ITEM   2 - ADMINISTRATOR   3- CPF    4 - DATE OF   5 - TERM OF   6 - CODE   8 - ELECT FOR   8 - POSITION/   9 - FUNCTION    
              ELECTION   OFFICE       CONTROLLER   FUNCTION        
01    Raul Calfat   635.261.408-63     03/06/2009   04/29/2010   2   Yes   20    Chairman of Council of Administration
02    Sergio Duarte Pinheiro   108.435.178-16     03/06/2009   04/29/2010   2   Yes   22    Council of Administration    
03    Alexandre D'Ambrosio   042.170.338-50     03/06/2009   04/29/2010   2   Yes   22    Council of Administration    
04    Gilberto Lara Nogueira   386.364.768-87     03/06/2009   04/29/2010   2   Yes   23    Council of Administration    
05    Wang Wei Chang   534.698.608-15     03/06/2009   04/29/2010   2   Yes   22    Council of Administration    
06    Jorge Eduardo Martins Moraes   550.770.307-82     03/06/2009   04/29/2010   2   Yes   22    Council of Administration    
07    Albano Chagas Vieira   024.802.606-23     03/06/2009   04/29/2010   2   Yes   23    Council of Administration   Substitute
08    Luis Felipe Schiriak   607.757.007-97     03/06/2009   04/29/2010   2   Yes   23    Council of Administration   Substitute
09    Carlos Augusto Lira Aguiar   032.209.829-72     03/06/2009   04/29/2010   1   Yes   33    Council of Administration   and Director President
10    Walter Lídio Nunes   151.624.270-04     07/24/2006   07/24/2009   1   Yes   19    Director of operations    
11    João Felipe Carsalade   468.913.667-04     07/24/2006   07/24/2009   1   Yes   19    Commercial Director    
12    Evandro Cesar Camilo Moura   729.695.397-72     11/17/2008   07/24/2009   1   Yes   19    Director of Controller    
13    Marcos Grodetzky   425.552.057-72     11/17/2008   07/24/2009   1   Yes   12    Director of Market Relations

  NOTE :
1 - BELONGS TO THE COMPANY ONLY
2 - BELONGS TO THE BOARD OF DIRECTORS ONLY

4


FEDERAL PUBLIC SERVICE    
CVM - SECURITIES COMMISSION    
ANNUAL INFORMATION BULLETIN - IAN   12/31/2008

01.01 - IDENTIFICATION        
 1 - CVM CODE   2 - NAME OF THE COMPANY   3 - TAXPAYER Nº
 00043-4   Aracruz Celulose S.A.   42.157.511/0001-61

02.01.02 - CURRENT COMPOSITION OF THE FISCAL COUNCIL

1 - COUNCIL FISCAL INSTALLED   2 - PERMANENT
Yes   No

3 - ITEM   4 - NAME   5 - CPF   6 - DATE OF   7 - TERM OF   8 - POSITION/   9 - FUNCTION
              ELECTION   OFFICE   FUNCTION    
01    Paulo Sérgio Ávila   726.465.519-91      04/30/2009   04/30/2010   43    F.C. (Effective) Elect for the Majority Stockholder
02    Luiz Aparecido Caruso Neto   022.667.778-82      04/30/2009   04/30/2010   44    F.C. (Effective) Elect for the Preferred Stockholder
03    Paulo Cesar Santos   536.734.339-20      04/30/2009   04/30/2010   46    F.C. (Substitute) Elect for the Majority Stockholder
04    Jorge Juliano de Oliveira   036.002.768-75      04/30/2009   04/30/2010   47    F.C. (Substitute) Elect for the Preferred Stockholder
05    Armando Simões de Castro Filho   042.740.087-20      04/30/2009   04/30/2010   45    F.C. (Effective) Elect for the Minority Stockholder
06    Tadeu José Contrin Ribeiro   627.416.247-04      04/30/2009   04/30/2010   48    F.C. (Substitute) Elect for the Minority Stockholder

5


FEDERAL PUBLIC SERVICE    
CVM - SECURITIES COMMISSION    
ANNUAL INFORMATION BULLETIN - IAN   12/31/2008

01.01 - IDENTIFICATION        
 1 - CVM CODE   2 - NAME OF THE COMPANY   3 - TAXPAYER Nº
 00043-4   Aracruz Celulose S.A.   42.157.511/0001-61

02.02 - PROFESSIONAL EXPERIENCE AND EDUCATION OF EACH MEMBER OF THE BOARD OF DIRECTORS, FISCAL
COMMITTEE AND EXECUTIVE OFFICERS COMMITTEE

  Members of the Board of Directors:
 
1.      RAUL CALFAT
 
  Chairman of the Board of Directors of Aracruz Celulose S.A since March 6, 2009. He has been the Administrative Officer of Votorantim Investimentos Industriais S.A. since January 2004 and Administrative Officer of all industrial businesses of the Votorantim Group since January of 2006. Mr. Calfat served as President of the São Paulo Pulp and Paper Association from 1993 to 1995 and Vice-President of the Brazilian Pulp and Paper Association from 1996 to 2004.
 
2.      SERGIO DUARTE PINHEIRO
 
  Member of the Board of Directors of Aracruz Celulose S.A. since March 6, 2009. He has served as Strategic Planning and Management Officer for Votorantim Industrial since May of 2008. He was an executive officer of Stern Stewart Brasil from 1999 to 2008. Prior to 1999, he worked at BankBoston. He has a degree in Civil Engineering from the Mauá Engineering School and continued graduate studies at the Brazilian Capital Markets Institute (IBMEC). He also has an MBA in Finance from the William E. Simon Graduate School of Business at the University of Rochester, New York State, USA. He was born May 6, 1969.
 
3.      ALEXANDRE D'AMBROSIO
 
  Member of the Company’s Board of Directors since March 6, 2009. He has also served as Corporate Executive Officer of Votorantim Participações S/A since June of 2003. He is an attorney by profession, having graduated from the São Paulo University (USP) College of Law and has master’s degrees in International Law from Harvard University and Comparative Law from George Washington University, USA. He is a member of the São Paulo Chapter of the Brazilian Bar Association (OAB- SP), the District of Columbia Bar (USA) and the Court of International Trade, New York. He was born August 1, 1962 in São Paulo.
 
4.      GILBERTO LARA NOGUEIRA
 
  Member of the Board of Directors of Aracruz Celulose S.A. since March 6, 2009. Corporate Officer for Organizational Development of Votorantim Participações since November 2003. Previously, he was Corporate Officer for the Polyamide Division at the world-wide level headquartered at the main offices of Rhodia SA in France. He is a Mechanical Engineer by profession with a degree from the Mauá Engineering School. He was born February 25, 1949.
 
5.      WANG WEI CHANG
 
  Member of the Board of Directors of Aracruz Celulose S.A since March 6, 2009. He is also a board member and director of Abrasca (the Brazilian Association of Publicly Traded Companies), a member of the board of Ibri (the Brazilian Investor Relations Institute) and a voting member of the São Paulo Chapter of the Brazilian Institute of Financial Executives (Ibef-SP). He was director of the Controllership Department in Brazil for Chase Manhattan N.A., financial director of Chase Manhattan S.A. Bank N.A. in Santiago, Chile, and vice-president of Citibank N.A. in Brazil and Hong Kong. He has a master’s degree in Industrial Engineering and was born January 16, 1947.
 

6


FEDERAL PUBLIC SERVICE    
CVM - SECURITIES COMMISSION    
ANNUAL INFORMATION BULLETIN - IAN   12/31/2008

01.01 - IDENTIFICATION        
 1 - CVM CODE   2 - NAME OF THE COMPANY   3 - TAXPAYER Nº
 00043-4   Aracruz Celulose S.A.   42.157.511/0001-61

02.02 - PROFESSIONAL EXPERIENCE AND EDUCATION OF EACH MEMBER OF THE BOARD OF DIRECTORS, FISCAL
COMMITTEE AND EXECUTIVE OFFICERS COMMITTEE

6.      JORGE EDUARDO MARTINS MORAIS
 
  Member of the Company’s Board of Directors since March 6, 2009. He has also been manager of the Department for Tracking the Capital Markets Area at the Brazilian Development Bank (BNDES) since March of 2006. He has further held the following positions: Economic Advisor to the Brazilian Ministry of Planning, Budget and Management, involved with the Public-Private Partnership Unit; Member of the Investment Committee of the mutual fund known as Fundo Brasil Private Equity, managed by Banco Garantia and later by Credit Suisse First Boston; member of the Advisory Board of Brasil Private Equity and the Boards of Directors of Tupy S.A., Bahia Sul S/A, Aços Villares S/A, Net Serviços de Comunicações S/A, Banco do Nordeste do Brasil and Iochpe Maxion S/A. He has an undergraduate degree in Civil Engineering from Rio de Janeiro Federal University (UFRJ) and an MBA from UFRJ’s COPPEAD graduate school. He was born July 5, 1956.
 
7.      ALBANO CHAGAS VIEIRA
 
  Alternate member of the Board of Directors of Aracruz Celulose S.A. since March 6, 2009. He has been Corporate Officer of Votorantim Investimentos Industriais since April of 2006. In his lengthy career in the steel industry (since 1975) he served as Executive Vice-President of Arcelor in Luxembourg from January 2004 to April 2006, among other positions. Previously he was Chief Operating Officer of CSN from January 1999 to December 2003. He received a mechanical engineering degree from Rio de Janeiro’s Pontifical Catholic University (PUC-RJ) in 1975 and pursued graduate studies in metallurgical engineering at Rio de Janeiro State University (UERJ).
 
8.      LUIS FELIPE SCHIRIAK
 
  Alternate member of the Board of Directors of Aracruz Celulose S.A. since March 6, 2009. He also serves as corporate finance officer of Votorantim Participações S/A., which is the holding company of Grupo Industrial Votorantim. Previously he was Financial Vice-President of BCP Telecomunicações S/A. (2001-2003), which was controlled by the Safra and Bell South groups and subsequently sold to Telecom América. He also held the position of CFO at the C&A Group (1995-2000). Formerly he held various financial positions at Schlumberger Ltd., in Venezuela, Indonesia and France. He began his career in external auditing at Ernst & Young (Rio de Janeiro and Hartford, Connecticut, USA). He has an accounting degree from the University of Buenos Aires (Argentina) and also took several international courses in the financial area.
 
9.      CARLOS AUGUSTO LIRA AGUIAR
 
  Member of the Board of Directors of Aracruz Celulose S.A. since March 6, 2009. He has also served as the Company’s President & CEO, ever since April 17, 1998. Beginning in 1970 he held a series of supervisory positions in pulp and paper plants as well as in projects. In 1981 he first joined Aracruz Celulose S.A. as an Operations advisor to the Company. He held the position of interim President & CEO from January 11 to November 16, 1993. He has a degree in Chemical Engineering and Industrial Chemistry from the Engineering School of the University of Ceará and has taken advanced courses at Harvard (USA) and Chelwood (UK). He was born July 24, 1945.
 
10.      FÁBIO FARIA
 
  SUBMITTED HIS LETTER OF RESIGNATION FROM THE COMPANY’S BOARD OF DIRECTORS ON APRIL 3, 2009.
 

7


FEDERAL PUBLIC SERVICE    
CVM - SECURITIES COMMISSION    
ANNUAL INFORMATION BULLETIN - IAN   12/31/2008

01.01 - IDENTIFICATION        
 1 - CVM CODE   2 - NAME OF THE COMPANY   3 - TAXPAYER Nº
 00043-4   Aracruz Celulose S.A.   42.157.511/0001-61

02.02 - PROFESSIONAL EXPERIENCE AND EDUCATION OF EACH MEMBER OF THE BOARD OF DIRECTORS, FISCAL
COMMITTEE AND EXECUTIVE OFFICERS COMMITTEE

Members of the Executive Officers Committee:

1.      WALTER LÍDIO NUNES
 
  Chief Operating Officer at Aracruz Celulose S.A., since May 27, 1998. He has held various supervisory positions in the Company’s industrial area since 1977. Until his appointment as COO, he served as Industrial Manager. He has an engineering degree from the Pontifical Catholic University (PUC) of Rio Grande do Sul and has also taken advanced courses in administration. His date of birth is October 1, 1948.
 
2.      JOÃO FELIPE CARSALADE
 
  Chief Commercial Officer of Aracruz Celulose S.A. since September 6, 1993. He has held a series of positions in the Company’s commercial area since 1976. Up to his appointment as Chief Commercial Officer he held the position of General Sales Manager. He holds a degree in Business Administration from the Rio de Janeiro College of Political Science and Economics. His date of birth is September 14, 1945.
 
3.      EVANDRO CÉSAR CAMILLO COURA
 
  Chief Control Officer of Aracruz Celulose S.A since November 17, 2008. He was President of Gaia Energia e Participações from April to October of 2008, President & CEO as well as Investor Relations Officer from 2003 to 2007 and Financial and Investor Relations Officer from 1999 to 2003 at GRUPO REDE. He worked at BNDES in the period from 1984 to 1999. He has a background in Electrical Engineering, with an MBA from UFRJ’s COPPEAD graduate school, specializing in Managerial Control and Operations.
 
4.      MARCOS GRODETZKY
 
  Chief Financial and Investor Relations Officer of Aracruz Celulose S.A since November 17, 2008. He has a degree in Economics from UFRJ. From 1979 to 1991, he worked his way up in the financial area as a Citibank executive, holding various positions until he became a Vice-President. He has also worked in the financial area of Banco Nacional/Unibanco – where he served as Vice-President – and Banco Safra. Furthermore, he was also a partner at MJ Partners, a business management and consulting firm.
 
  Members of the Fiscal Council:
 
1.      PAULO SÉRGIO ÁVILA
 
  Full member of the Fiscal Council of Aracruz Celulose S.A. since March 26, 2009. He has also been Manager of the Controllership Department of Votorantim Industrial S.A. since March of 2006, having been in charge of accounting for Votorantim Cimentos and Votorantim Energia in the period from 2006 to 2007, as well as the person primarily responsible for consolidation of the accounting information of the Votorantim Group as from 2008. Previously he was an audit manager with the Brazilian firm of the international auditing group PwC - PricewaterhouseCoopers Auditores Independentes. He has a bachelor’s degree in accounting from Paraná Federal University (UFPR) as well as an Executive MBA degree in Business Management from the Getúlio Vargas Foundation (FGV).
 

8


FEDERAL PUBLIC SERVICE    
CVM - SECURITIES COMMISSION    
ANNUAL INFORMATION BULLETIN - IAN   12/31/2008

01.01 - IDENTIFICATION        
 1 - CVM CODE   2 - NAME OF THE COMPANY   3 - TAXPAYER Nº
 00043-4   Aracruz Celulose S.A.   42.157.511/0001-61

02.02 - PROFESSIONAL EXPERIENCE AND EDUCATION OF EACH MEMBER OF THE BOARD OF DIRECTORS, FISCAL
COMMITTEE AND EXECUTIVE OFFICERS COMMITTEE

2.      LUIZ APARECIDO CARUSO NETO
 
  Full member of the Fiscal Council of Aracruz Celulose S.A. since March 26, 2009. He has been Director of the Controllership and Shared Services of Votorantim Industrial S.A. since 2008. He further has served as General Manager of the Shared Services Center of Votorantim Industrial S.A., Director of the Delivery Center of Accenture in Curitiba and leader of the Unilever Regional Leader Project. He has a degree in Business Administration from the Getúlio Vargas Foundation in São Paulo.
 
3.      PAULO CESAR SANTOS
 
  Alternate member of the Company’s Fiscal council since April 30, 2009. He has a bachelor’s degree in accounting and has pursued graduate studies in Financial Administration and Automation. Currently he is Manager of the Controllership Division of Votorantim Investimentos Industriais. He was a Senior Manager at PricewaterhouseCoopers Auditores Independentes S/C until 2006 and accounting professor at Plácido e Silva Faculties - FADEPS from 1989 to 1999.
 
4.      JORGE JULIANO DE OLIVEIRA
 
  Alternate member of the Fiscal Council of Aracruz Celulose S.A. He is also Corporate Manager for Internal Audit at Votorantim Participações S.A. and holds a bachelor’s degree in accounting from São Judas Tadeu University. He is registered as an accountant with the São Paulo Chapter of the Regional Accounting Council (CRC-SP) under No. 1SP-154.766/O-3. His date of birth is November 11, 1963.
 
5.      ARMANDO SIMÕES DE CASTRO FILHO
 
  Alternate member of the Company’s Fiscal Council since April 30, 2009. He has a law degree from the law school of Cândido Mendes University in Rio de Janeiro, an MBA from FGV-SP and studied Strategy at the Advance War School in Rio de Janeiro. He worked at Banco do Brasil in the areas of Marketing, Foreign Trade and Overseas Agencies from 1963 to 1992. He was Commercial Director for SERASA from 1992 to 1999; President of Infocred (international consulting firm based in Porto, Portugal) from 1999 to 2001; Country Director of TheoFinance in Canada in 2001; Coordinator of the consulting firm SCORE since 2002; appointed member of the Fiscal Council of Klabin S.A. in March 2005.
 
6.      TADEU JOSÉ CONTRIN RIBEIRO
 
  Alternate member of the Fiscal Council of Aracruz Celulose S.A. since April 30, 2008. He was a career employee at Banco do Brasil for 30 years, where he served as Account Manager, Business Manager and Administrator at various BB agencies in São Paulo. He has also devoted time to various associations and cooperatives, having been Chairman of the Board of Directors of the Educational Cooperative of the City of São Paulo and member of the Fiscal Council of the Consumer Cooperative and FECOB (Federation of Consumer Cooperatives) for BB employees. He has a law degree from Mackenzie Presbyterian University in São Paulo and a Graduate Degree in Financial Business from FGV-RJ. He was born March 10, 1954.
 

* * * * *

9


FEDERAL PUBLIC SERVICE    
CVM - SECURITIES COMMISSION    
ANNUAL INFORMATION BULLETIN - IAN   12/31/2008

01.01 - IDENTIFICATION        
 1 - CVM CODE   2 - NAME OF THE COMPANY   3 - TAXPAYER Nº
 00043-4   Aracruz Celulose S.A.   42.157.511/0001-61

03.01 - EVENTS RELANTED TO DISTRIBUTION OF CAPITAL            
1 - BASE EVENT   2 - DATE OF EVENT   3 - INDIVIDUALS & CORPORATIONS   4 - INSTITUCIONAL INVESTORS   5 - SHAREHOLDERS' AGREEMENT   6 - PREFERRED VOTING STOCK
AGO/E    04/30/2009   21,072                                222                                No                              No

7 - CUMULATIVE PREFERRED SHARES   8 - DATES FROM THE LAST AGREEMENT OF SHAREHOLDERS
     02/05/2003

STOCKS IN CIRCULATION IN THE MARKET                        
9 -STOCKS IN CIRCULATION IN THE MARKET   COMMON STOCK       PREFERRED STOCK       TOTAL    
Yes   10 - AMOUNT (UNIT)   11 - PERCENTAGE   12 -AMOUNT (UNIT)   13 - PERCENTAGE   14 -AMOUNT (UNIT)   15 - PERCENTAGE
               15,507,357                  3.40            575,659,514   55.75                  591,166,871                57.30

16 -PREFERRED STOCKS IN CIRCULATION IN THE MARKET
1 -Class   2 - AMOUNT (UNIT)   3 - PERCENTAGE
PNA   27,959,802   100.00
PNB   547,702,712   99.70

Nationality

10


FEDERAL PUBLIC SERVICE    
CVM - SECURITIES COMMISSION    
ANNUAL INFORMATION BULLETIN - IAN   12/31/2008

01.01 - IDENTIFICATION        
 1 - CVM CODE   2 - NAME OF THE COMPANY   3 - TAXPAYER Nº
 00043-4   Aracruz Celulose S.A.   42.157.511/0001-61

03.02 - STOCKHOLDER STRUCTURE OF THE SHAREHOLDERS WITH OVER 5% OF VOTING STOCK

1 - ITEM 2 - NAME 3 - TAXPAYER NO./CPF   4 - Nationalit   5 - STATE   COMMON STOCK   PREFERRED STOCK   TOTAL SHARES   12 - DATE OF CAPITAL   13 - PARTICIPATES IN THE   14 - Stockholder
                                            AGREEMENT    
                6 - QU'TY (000)   7- %   8 - QU'TY (000)   9- % 10 - QU'TY (000)   11- %   COMPOSITION   OF SHAREHOLDERS    
01 Newark Financial Inc. -   B.V. Islands   -   127,506   28.00   -   -   127,506   12.35   04/30/2009       Yes
02 Votorantim Celulose Papel S.A. 60.643.228/0001-21   Brazilian   SP   61,586   13.52   3   -   61,589   5.96   04/30/2009       Yes
  PREFERRED STOCK                                            
Class QU'TY(000) QU'TY(000)                                            
PNA 3 -                                            
TOTAL 3 -                                            
03 Arapar S.A. 29.282.803/0001-68   Brazilian   RJ   62,300   13.68   -   -   62,300   6.03   04/30/2009       Yes
04 S. Teofilo Repr.Part. S.A. 03.214.652/0001-17   Brazilian   SP   188,008   41.28   -   -   188,008   18.21   04/30/2009       Yes
05 Northern Cross Investiments -   American   -   -   -   53,903   9.34   53,903   5.22-                          No    
                                                No
  Ltd                                              
  PREFERRED STOCK                                            
Class QU'TY(000) QU'TY(000)                                            
PNB 53,903 9.81                                            
TOTAL 53,903 9.34                                            
06 Wellington MGM Company -   American   -   -   -   52,625   9.12   52,625   5.09                          No    
                                                No
  PREFERRED STOCK                                            
Class QU'TY(000) QU'TY(000)                                            
PNB 52,625 9.58                                            
TOTAL 52,625 9.12                                            

11


FEDERAL PUBLIC SERVICE    
CVM - SECURITIES COMMISSION    
ANNUAL INFORMATION BULLETIN - IAN   12/31/2008

01.01 - IDENTIFICATION        
 1 - CVM CODE   2 - NAME OF THE COMPANY   3 - TAXPAYER Nº
 00043-4   Aracruz Celulose S.A.   42.157.511/0001-61

03.02 - STOCKHOLDER STRUCTURE OF THE SHAREHOLDERS WITH OVER 5% OF VOTING STOCK

1 - ITEM   2 - NAME     3 - TAXPAYER NO./CPF   4 - Nationalit   5 - STATE   COMMON STOCK PREFERRED STOCK          TOTAL SHARES   12 - DATE OF CAPITAL   13 - PARTICIPATES IN THE AGREEMENT   14 - Stockholder
                      6 - QU'TY (000)   7- % 8 - QU'TY (000)   9- %   10 - QU'TY (000)   11- %        COMPOSITION   OF SHAREHOLDERS    
07   Caixa Prev. Func. Bco do 33.754.482/0001-24   Brazilian   RJ   -   - 31,694   5.49            31,694   3.07       No   No
    Brasil                                                  
    PREFERRED STOCK                                            
Class   QU'TY(000)   QU'TY(000)                                          
PNB   31,694     5.77                                            
TOTAL   31,694     5.49                                            
08   Capital World Investors     -   American   -   -   - 31,905   5.53            31,905   3.09       No   No
    PREFERRED STOCK                                            
Class   QU'TY(000)   QU'TY(000)                                          
PNB   31,905     5.81                                            
TOTAL   31,905     5.53                                            
09   Moise Yacoub Safra     -   Brazilian   SP   1   - 42,806   7.42            42,807   4.15       No   No
    PREFERRED STOCK                                            
Class   QU'TY(000)   QU'TY(000)                                          
PNA   13,868     49.60                                            
PNB   28,938     5.27                                            
TOTAL   42,806     7.42                                            
10   Joseph Yacoub Safra     -   Brazilian   SP   -   - 42,806   7.42            42,806   4.15       No   No
    PREFERRED STOCK                                            
Class   QU'TY(000)   QU'TY(000)                                          
PNA   13,868     59.60                                            
PNB   28,938     5.27                                            
TOTAL   42,806     7.42                                            

12


FEDERAL PUBLIC SERVICE    
CVM - SECURITIES COMMISSION    
ANNUAL INFORMATION BULLETIN - IAN   12/31/2008

01.01 - IDENTIFICATION        
 1 - CVM CODE   2 - NAME OF THE COMPANY   3 - TAXPAYER Nº
 00043-4   Aracruz Celulose S.A.   42.157.511/0001-61

03.02 - STOCKHOLDER STRUCTURE OF THE SHAREHOLDERS WITH OVER 5% OF VOTING STOCK

1 - ITEM   2 - NAME   3 - TAXPAYER NO./CPF   4 - Nationalit 5 - STATE      COMMON STOCK     PREFERRED STOCK     TOTAL SHARES   12 - DATE OF CAPITAL   13 - PARTICIPATES IN THE AGREEMENT   14 - Stockholder
                  6 - QU'TY (000)   7- %   8 - QU'TY (000)   9- %   10 - QU'TY (000)   11- %          COMPOSITION   OF SHAREHOLDERS    
997   Treasuary Stock   -              - -   483   0.11     1,483   0.25     1,966   0.19           No
    PREFERRED STOCK                                              
Class   QU'TY(000)   QU'TY(000)                                            
PNB   1,483   0.27                                              
TOTAL   1,483   0.27                                              
998   Others             15,507   3.41     319,938   55.43     335,445   32.49           No
    PREFERRED STOCK                                              
Class   QU'TY(000)   QU'TY(000)                                            
PNA   218   0.80                                              
PNB   319,720   58.22                                              
TOTAL   319,938   55.43                                              
999   Total             455,391   100.0     577,163   100.0     1,032,554   100.0            
    PREFERRED STOCK                                              
Class   QU'TY(000)   QU'TY(000)                                            
PNA   27,957   100.00                                              
PNB   549,206   100.00                                              
TOTAL   577,163   100.00                                              

13


FEDERAL PUBLIC SERVICE    
CVM - SECURITIES COMMISSION    
ANNUAL INFORMATION BULLETIN - IAN   12/31/2008

01.01 - IDENTIFICATION        
 1 - CVM CODE   2 - NAME OF THE COMPANY   3 - TAXPAYER Nº
 00043-4   Aracruz Celulose S.A.   42.157.511/0001-61

03.03 - DISTRIBUTION OF REGISTERED CORPORATE CAPITAL OF CONTROLLING COMPANIES DOWN TO INDIVIDUAL LEVEL

1 - ITEM   02 - NAME OF THE HOLDING COMPANY/ INVESTOR   2 - DATE OF CAPITAL COMPOSITION
01    Newark Financial Inc.    04/30/2009

1 - ITEM   2 - NAME   3 - TAXPAYER NO.   4 - NATIONALITY   5 - STATE        COMMON STOCK        PREFERRED STOCK        TOTAL SHARES  
                    6 - QU'TY 7- %   8 - QU'TY   9- %   10 - QU'TY 11- %
   0101    Votorantim Celulose S.A.      60.643.228/0001-21   Brazilian        SP          50,000 100.00                    50,000 100.00
   0199    Total                      50,000 100,00                    50,000 100,00

1 - ITEM   02 - NAME OF THE HOLDING COMPANY/ INVESTOR   2 - DATE OF CAPITAL COMPOSITION
 010101    Votorantim Celulose e Papel S.A.    04/30/2009

1 - ITEM   2 - NAME   3 - TAXPAYER NO.   4 - NATIONALITY   5 - STATE   COMMON STOCK    PREFERRED STOCK   TOTAL SHARES
                    6 - QU'TY   7- %   8 - QU'TY   9- %   10 - QU'TY   11- %
 01010101      Votorqantim Industriais S.A.   03.407.049/0001517   Brazilian   SP   105,702,450   100.00   677   0.00   105,703,127   52.49
 01010103      BNDES Participações S.A. - BNDESPAR   00.383.281/0001-09   Brazilian   RJ   -   -   6,327,669   6.61   6,327,669   3.14
 01010105      Board Member, Fiscal Council And Officer       Brazilian       -   -   3,005   0   3,005   0
 01010107      Others               -   -   89,327,613   93.39   89,327,613   44.37
 01010199      Total               105,702,452   100.000   95,658,964   100.00   201,361,414   100,00

1 - ITEM   02 - NAME OF THE HOLDING COMPANY/ INVESTOR   2 - DATE OF CAPITAL COMPOSITION
 010101010304    Votorantim Industriais S/A    04/30/2009

1 - ITEM   2 - NAME   3 - TAXPAYER NO.   4 - NATIONALITY   5 - STATE   COMMON STOCK       PREFERRED STOCK       TOTAL SHARES
                    6 - QU'TY   7- %   8 - QU'TY   9- %                10 - QU'TY   11- %
01010101030401    Votorantim Participações S.a.   61.082.582/0001-97   Brazilian   SP   11,165,582.998   100.00       -   - 11,165,582.998   100.00
01010101030402    José Roberto Ermírio de Moraes   029.080.178-81   Brazilian   SP   1   0.00       -   -   1   0.00
01010101030403    Fábio Ermirio de Moraes       Brazilian   SP   1   0.00       -   -   1   0.00
01010101030499    Total               11,165,583.000   100.00       -   - 11,165,583.000   100.00

14


FEDERAL PUBLIC SERVICE    
CVM - SECURITIES COMMISSION    
ANNUAL INFORMATION BULLETIN - IAN   12/31/2008

01.01 - IDENTIFICATION        
 1 - CVM CODE   2 - NAME OF THE COMPANY   3 - TAXPAYER Nº
 00043-4   Aracruz Celulose S.A.   42.157.511/0001-61

03.03 - DISTRIBUTION OF REGISTERED CORPORATE CAPITAL OF CONTROLLING COMPANIES DOWN TO INDIVIDUAL LEVEL

1 - ITEM   02 - NAME OF THE HOLDING COMPANY/ INVESTOR   2 - DATE OF CAPITAL COMPOSITION
 01010101      Votorqantim Participações S.A.    04/30/2009

1 - ITEM   2 - NAME   3 - TAXPAYER NO.   4 - NATIONALITY   5 - STATE   COMMON STOCK        PREFERRED STOCK   TOTAL SHARES
                       6 - QU'TY   7- %   8 - QU'TY   9- %      10 - QU'TY   11- %
0101010101      Hejoassu Administração Ltda   61.194.148/0001-07   Brazilian   SP   5,304,772,481   98.60           5,304,772,481   98.60
0101001102      Neyde Ugolini de Moraes       Brazilian   SP   19,026,623   0.35           19,026,623   0.35
0101001103      Antonio Ermírio de Moraes   004.806.578-15   Brazilian   SP   19,026,623   0.35           19,026,623   0.35
0101001104      Ermírio Pereira de Moraes   499.217.118-49   Brazilian   SP   19,026,623   0.35           19,026,623   0.35
0101001105      Maria Helena Moraes Scripilliti   174.502.828-52   Brazilian   SP   19,026,623   0.35           19,026,623   0.35
0101010199      Total               5,380,878,973   100.00           5,380,878,973   100.00

1 - ITEM   02 - NAME OF THE HOLDING COMPANY/ INVESTOR   2 - DATE OF CAPITAL COMPOSITION
 0101010103      Hejoassu Administração Ltda    04/30/2009

1 - ITEM   2 - NAME   3 - TAXPAYER NO.   4 - NATIONALITY   5 - STATE   COMMON STOCK        PREFERRED STOCK   TOTAL SHARES
                    6 - QU'TY   7- %   8 - QU'TY   9- %   10 - QU'TY   11- %
 010101010301      JEMF Participações S.A.   05.062.394/0001-26   Brazilian   SP   400,000   25.00           400,000   25.00
 010101010302      AEM Participações S.A.   05.062.403/0001-89   Brazilian   SP   400,000   25.00           400,000   25.00
 010101010303      ERMAN Participações S.A.   05.062.376/0001-44   Brazilian   SP   400,000   25.00           400,000   25.00
 010101010304      MRC Participações S.A.   05.062.355/0001-29   Brazilian   RJ   400,000   25.00           400,000   25.00
 010101010399      Total       Brazilian   SP   1,600,000   100.00           1,600,000   100.00

15


FEDERAL PUBLIC SERVICE    
CVM - SECURITIES COMMISSION    
ANNUAL INFORMATION BULLETIN - IAN   12/31/2008

01.01 - IDENTIFICATION        
 1 - CVM CODE   2 - NAME OF THE COMPANY   3 - TAXPAYER Nº
 00043-4   Aracruz Celulose S.A.   42.157.511/0001-61

03.03 - DISTRIBUTION OF REGISTERED CORPORATE CAPITAL OF CONTROLLING COMPANIES DOWN TO INDIVIDUAL LEVEL

1 - ITEM   02 - NAME OF THE HOLDING COMPANY/ INVESTOR   2 - DATE OF CAPITAL COMPOSITION
 010101010302    AEM Participações S.A.    04/30/2009

1 - ITEM   2 - NAME   3 - TAXPAYER NO.   4 - NATIONALITY   5 - STATE   COMMON STOCK       PREFERRED STOCK   TOTAL SHARES
                    6 - QU'TY   7- %   8 - QU'TY   9- %   10 - QU'TY   11- %
01010101030201    Antônio Ermírio de Moraes       Brazilian   SP   684,729,100   100.00   0,00   0.00   684,729,100   100.00
01010101030202    JEMFParticipações S.A   05.062.394/0001-26   Brazilian   SP   0,00   0.00   300   33.33   300   0.00
01010101030203    ERMAN Participações S.A.   05.062.376/0001-44   Brazilian   SP   0,00   0.00   300   33.33   300   0.00
01010101030204    MRC Participações S.A.   05.062.355/0001-29   Brazilian   SP   0,00   0.00   300   33.34   300   0.00
01010101030299    Total               684,729,100   100.00   900   100.00   684,730,000   100.00

1 - ITEM   02 - NAME OF THE HOLDING COMPANY/ INVESTOR   2 - DATE OF CAPITAL COMPOSITION
 01010101031    JEMF Participações S.A.    04/30/2009

1 - ITEM   2 - NAME   3 - TAXPAYER NO.   4 - NATIONALITY   5 - STATE   COMMON STOCK       PREFERRED STOCK   TOTAL SHARES
                    6 - QU'TY   7- %   8 - QU'TY   9- %   10 - QU'TY   11- %
01010101031101    José Ermírio de Moraes Neto       Brazilian   SP   228,243.033   33.33   -   -   228,243.033   33.33
01010101031102    José Roberto Ermírio de Moraes   029.080.178-81   Brazilian   SP   228,243.033   33.33   -   -   228,243.033   33.33
01010101031103    Neide Helena de Moraes       Brazilian   SP   228,243.034   33.34   -   -   228,243.034   33.34
01010101031104    AEM Participações S.A   05.062.403/0001-89   Brazilian   SP   0,00   0.00   300   33.33   300   0.00
01010101031105    ERMAN Participações S.A.   05.062.376/0001-44   Brazilian   SP   0,00   0.00   300   33.34   300   0.00
01010101031106    MRC Participações S.A.   05.062.355/0001-29   Brazilian   SP   0,00   0.00   300   33.33   300   0.00
01010101031199    Total               684,729.100   100.00   900   100.00   684,730.000   100.00

16


FEDERAL PUBLIC SERVICE    
CVM - SECURITIES COMMISSION    
ANNUAL INFORMATION BULLETIN - IAN   12/31/2008

01.01 - IDENTIFICATION        
 1 - CVM CODE   2 - NAME OF THE COMPANY   3 - TAXPAYER Nº
 00043-4   Aracruz Celulose S.A.   42.157.511/0001-61

03.03 - DISTRIBUTION OF REGISTERED CORPORATE CAPITAL OF CONTROLLING COMPANIES DOWN TO INDIVIDUAL LEVEL

1 - ITEM   02 - NAME OF THE HOLDING COMPANY/ INVESTOR   2 - DATE OF CAPITAL COMPOSITION
 010101010303    ERMAN Participações S.A.    04/30/2009

1 - ITEM   2 - NAME   3 - TAXPAYER NO.   4 - NATIONALITY   5 - STATE   COMMON STOCK       PREFERRED STOCK   TOTAL SHARES
                    6 - QU'TY   7- %    8 - QU'TY   9- %    10 - QU'TY   11- % 
01010101030301    Ermírio Pereira de Moraes       Brazilian   SP   684,729,100   100.00   0,00   0.00   684,729,100   100.00
01010101030302    JEMF Participações S.A   05.062.394/0001-26   Brazilian   SP   0,00   0.00   300   33.33   300   0.00
01010101030303    AEM Participações S.A   05.062.403/0001-89   Brazilian   SP   0,00   0.00   300   33.33   300   0.00
01010101030304    MRC Participações S.A.   05.062.355/0001-29   Brazilian   SP   0,00   0.00   300   33.34   300   0.00
01010101030399    Total               684,729,100   100.00   900   100.00   684,730,000   100.00

1 - ITEM   02 - NAME OF THE HOLDING COMPANY/ INVESTOR   2 - DATE OF CAPITAL COMPOSITION
 010101010304    MRC Participações S.A.    04/30/2009

1 - ITEM   2 - NAME   3 - TAXPAYER NO.   4 - NATIONALITY   5 - STATE   COMMON STOCK       PREFERRED STOCK   TOTAL SHARES
                    6 - QU'TY   7- %    8 - QU'TY   9- %    10 - QU'TY   11- % 
01010101030401    Maria Helena de Moraes S. Noschese       Brazilian   SP   684,729,100   100.00   0,00   0.00   684,729,100   100.00
01010101030402    JEMF Participações S.A   05.062.394/0001-26   Brazilian   SP   0,00   0.00   300   33.33   300   0.00
01010101030403    AEM Participações S.A   05.062.403/0001-89   Brazilian   SP   0,00   0.00   300   33.33   300   0.00
01010101030404    ERMAN Participações S.A.   05.062.376/0001-44   Brazilian   SP   0,00   0.00   300   33.34   300   0.00
01010101030499    Total               684,729,100   100.00   900   100.00   684,730,000   100.00

17


FEDERAL PUBLIC SERVICE    
CVM - SECURITIES COMMISSION    
ANNUAL INFORMATION BULLETIN - IAN   12/31/2008

01.01 - IDENTIFICATION        
 1 - CVM CODE   2 - NAME OF THE COMPANY   3 - TAXPAYER Nº
 00043-4   Aracruz Celulose S.A.   42.157.511/0001-61

03.03 - DISTRIBUTION OF REGISTERED CORPORATE CAPITAL OF CONTROLLING COMPANIES DOWN TO INDIVIDUAL LEVEL

1 - ITEM   02 - NAME OF THE HOLDING COMPANY/ INVESTOR   2 - DATE OF CAPITAL COMPOSITION
 010101010303    BNDES Participações S.A.    04/30/2009

1 - ITEM   2 - NAME   3 - TAXPAYER NO.   4 - NATIONALITY   5 - STATE      COMMON STOCK       PREFERRED STOCK   TOTAL SHARES
                    6 - QU'TY   7- %    8 - QU'TY   9- %    10 - QU'TY   11- % 
01010101030301    Banco Nacional Desenv. Econ. Social-   33.657.248/0001-89   Brazilian   RJ                      1   100.00   0,00   0.00   1   100.00
     BNDES                                    
01010101030399    Total                                  1   100.00   900   100.00   1   100.00

1 - ITEM   02 - NAME OF THE HOLDING COMPANY/ INVESTOR   2 - DATE OF CAPITAL COMPOSITION
 010101010304    Banco Nacional Desenv. Econ. Social- BNDES    04/30/2009

1 - ITEM   2 - NAME   3 - TAXPAYER NO.   4 - NATIONALITY   5 - STATE          COMMON STOCK       PREFERRED STOCK   TOTAL SHARES
                    6 - QU'TY   7- %    8 - QU'TY   9- %    10 - QU'TY   11- % 
01010101030401    União Federal       Brazilian   DF   6,273,711.452   100.00   0,00   0.00   6,273,711.452   100.00
01010101030499    Total               6,273,711.452   100.00   0,00   0.00   6,273,711.452   100.00

18


FEDERAL PUBLIC SERVICE    
CVM - SECURITIES COMMISSION    
ANNUAL INFORMATION BULLETIN - IAN   12/31/2008

01.01 - IDENTIFICATION        
 1 - CVM CODE   2 - NAME OF THE COMPANY   3 - TAXPAYER Nº
 00043-4   Aracruz Celulose S.A.   42.157.511/0001-61

03.03 - DISTRIBUTION OF REGISTERED CORPORATE CAPITAL OF CONTROLLING COMPANIES DOWN TO INDIVIDUAL LEVEL

1 - ITEM   02 - NAME OF THE HOLDING COMPANY/ INVESTOR   2 - DATE OF CAPITAL COMPOSITION
03    Arapar S.A.    04/30/2009

                                         
1 - ITEM   2 - NAME   3 - TAXPAYER NO.   4 - NATIONALITY   5 - STATE   COMMON STOCK   PREFERRED STOCK   TOTAL SHARES    
                    6 - QU'TY   7- %    8 - QU'TY   9- %    10 - QU'TY   11- % 
0301   Votorantim Celulose e Papel S.A.   60.643.228/0001-21   Brazilian   SP   915,508,707   100.00   239,945,340   100.00   1,155,454.047   100.00
0399   Total   -   -   -   915,508,707   100.00   239,945,340   100.00   1,155,454.047   100.00

030201999   Total   - -   - 23,065,315   100.00   8,104,030   100.00   31,169,345   100.00

1 - ITEM   02 - Name of THE holding company/ investor   2 - DATE OF CAPITAL COMPOSITION
0303   São Teófilo Repres. Participações S.A.    04/30/2009

1 - ITEM   2 - NAME   2 - TAXPAYER NO./CPF   3 - NATIONALITY 4 - STATE   5 - COMMON STOCK         6 - PREFERRED STOCK     7 - TOTAL SHARES    
                      6 - QU'TY   7- %    8 - QU'TY   9- %    10 - QU'TY   %
   0303001   Votorantim Celulose e Papel S.A.   60.643.228/0001-21   Brazilian     SP   65,903,656   100.00     64,508,844   100.00     130,412,500      100.00
   0303999    Total   -     -   -   65,903,656   100.00     64,508,844   100.00     130,412,500      100.00

19


FEDERAL PUBLIC SERVICE    
CVM - SECURITIES COMMISSION    
ANNUAL INFORMATION BULLETIN - IAN   12/31/2008

1 - CVM CODE   2 - NAME OF THE COMPANY   3 - TAXPAYER Nº
00043-4   Aracruz Celulose S.A.   42.157.511/0001-61

04.01 - BREAKDOWN OF THE PAID IN CAPITAL

1 - DATE OF LAST CHANGE : 04/24/2007

2 -ITEM   3 - TYPE OF SHARE   5 - PAR VALUE   6 - NUMBER OF SHARES (000)   7 - SUBSCRIBED (R$ ‘000)   8 - PAID-UP (R$ ‘000)
 01   Commom - Nominative Stock   NONE   455,391   1,266,551   1,266,551
 03   Class A Preferred - Nominative Stock   NONE   38,022   105,583   105,583
 04   Class B Preferred - Nominative Stock   NONE   539,141   1,499,647   1,499,647
 99   Total       1,032,554   2,871,781   2,871,781

04.02 - CHANGES IN THE PAID-IN CAPITAL IN THE LAST THREE YEARS

1 -ITEM   2 - DATE   3 - PAID-IN CAPITAL                  CHANGES IN THE PAID-IN CAPITAL
        (R$ 000)   4 - AMOUNT (R$ 000)   6 - NOTES
01   04/24/2007                                  2,871,781   1,017,275   RESERVES OF PROFIT

04.04 - AUTHORIZED CAPITAL

1 - NUMBER OF SHARES   (000 )   2 - AMOUNT (R$ ‘000)   2 - DATE
                     1,032,554         5,000,000   04/30/2008

20


FEDERAL PUBLIC SERVICE    
CVM - SECURITIES COMMISSION    
ANNUAL INFORMATION BULLETIN - IAN   12/31/2008

01.01 - IDENTIFICATION        
 1 - CVM CODE   2 - NAME OF THE COMPANY   3 - TAXPAYER Nº
 00043-4   Aracruz Celulose S.A.   42.157.511/0001-61

05.01 - TREASURY STOCK

1 - ITEM   2 - TYPE   3 - CLSS   3- MEETING   4 - ACQUIS'N PERIOD   6 - TO BE BUY-BACK   7 - AMOUNT TO BE   8 - Nº. ALREADY   9- AMOUNT ALREADY
                    (000) DISBURSED (R$ 000)   BOUGHT-BACK (000)   DISBURSED (R$ 000)
             01    COMMON       08/22/1980   02/17/1982   483   198   483   198
             02    PREFERRED   A   08/22/1980   02/17/1982   36   15   36   15
             03    PREFERRED   B   08/22/1980   02/17/1982   9   1   9   1
             04    COMMON       12/10/1997   02/10/1998   1,116   0   0   0
             05    PREFERRED   A   12/10/1997   02/10/1998   304   0   0   0
             06    PREFERRED   B   12/10/1997   02/10/1998   47,142   0   14,483   22,276
             07    COMMON       03/10/1998   06/10/1998   1,116   0   0   0
             08    PREFERRED   A   03/10/1998   06/10/1998   304   0   0   0
             09    PREFERRED   B   03/10/1998   06/10/1998   32,659   0   7,455   11,835
             10    COMMON       06/24/1998   09/24/1998   1,116   0   0   0
             11    PREFERRED   A   06/24/1998   09/24/1998   304   0   0   0
             12    PREFERRED   B   06/24/1998   09/24/1998   27,984   0   6,288   5,580
             13    COMMON       09/25/1998   12/23/1998   1,116   0   0   0
             14    PREFERRED   A   09/25/1998   12/23/1998   304   0   0   0
             15    PREFERRED   B   09/25/1998   12/23/1998   18,840   0   0   0
             16    COMMON       10/24/2000   01/25/2001   1,116   0   0   0
             17    PREFERRED   A   10/24/2000   01/25/2001   289   0   0   0
             18    PREFERRED   B   10/24/2000   01/25/2001   19,112   0   17,095   44,230
             19    PREFERRED   B   04/29/2003   06/03/2003   4   9   4   9
             20    PREFERRED   B   06/03/2005   06/02/2006   15,000   0   0   0

21


FEDERAL PUBLIC SERVICE    
CVM - SECURITIES COMMISSION    
ANNUAL INFORMATION BULLETIN - IAN   12/31/2008

01.01 - IDENTIFICATION        
 1 - CVM CODE   2 - NAME OF THE COMPANY   3 - TAXPAYER Nº
 00043-4   Aracruz Celulose S.A.   42.157.511/0001-61

06.01 - DIVIDENDS AND INTEREST ON CAPITAL PAID IN THE LAST THREE YEARS

1 -ITEM   2 - TYPE   APPROVAL OF   5 - END OF   6- NET   7 - AMOUNT   8 - TYPE OF   9 - CLASS   10 - AMOUNT   11 - BEGINNING OF
        DISTRIBUTION   FISCAL   PROFIT   PER SHARE   SHARE       TOTAL   THE PAYMENT
                YEAR   (R$ 000)   (R$ )           (R$ 000)    
        3 - MEETING   4 - DATE                            
 01   INTEREST ON STOCKHOLDERS’ EQUITY   RD    06/20/2008   12/31/2008       0,0663967404   COMMON       30,204   07/16/2008
 02   INTEREST ON STOCKHOLDERS’ EQUITY   RD   06/20/2008   12/31/2008       0,0730364144   PREFERRED   A   2,042   07/16/2008
 03   INTEREST ON STOCKHOLDERS’ EQUITY   RD   06/20/2008   12/31/2008       0,0730364144   PREFERRED   B   40,004   07/16/2008
 19   INTEREST ON STOCKHOLDERS’ EQUITY   RD    04/19/2005   12/31/2005   1,177,534   0,0744299529   COMMON       33,859   05/13/2005
 20   INTEREST ON STOCKHOLDERS’ EQUITY   RD    04/19/2005   12/31/2005   1,177,534   0,0818729481   PREFERRED   A   3,113   05/13/2005
 21   INTEREST ON STOCKHOLDERS’ EQUITY   RD    04/19/2005   12/31/2005   1,177,534   0,0818729481   PREFERRED   B   44,028   05/13/2005
 22   INTEREST ON STOCKHOLDERS’ EQUITY   RD    05/19/2005   12/31/2005   1,177,534   0,0394203083   COMMON       17,933   06/13/2005
 23   INTEREST ON STOCKHOLDERS’ EQUITY   RD    05/19/2005   12/31/2005   1,177,534   0,0433623392   PREFERRED   A   1,649   06/13/2005
 24   INTEREST ON STOCKHOLDERS’ EQUITY   RD    05/19/2005   12/31/2005   1,177,534   0,0433623392   PREFERRED   B   23,319   06/13/2005
 25   INTEREST ON STOCKHOLDERS’ EQUITY   RD    06/20/2005   12/31/2005   1,177,534   0,0257288726   COMMON       11,704   07/13/2005
 26   INTEREST ON STOCKHOLDERS’ EQUITY   RD    06/20/2005   12/31/2005   1,177,534   0,0283017599   PREFERRED   A   1,076   07/13/2005
 27   INTEREST ON STOCKHOLDERS’ EQUITY   RD    06/20/2005   12/31/2005   1,177,534   0,0283017599   PREFERRED   B   15,220   07/13/2005
 28   INTEREST ON STOCKHOLDERS’ EQUITY   RD    12/20/2005   12/31/2005   1,177,534   0,1551248412   COMMON       70,567   01/13/2006
 29   INTEREST ON STOCKHOLDERS’ EQUITY   RD    12/20/2005   12/31/2005   1,177,534   0,1706373253   PREFERRED   A   6,488   01/13/2006
 30   INTEREST ON STOCKHOLDERS’ EQUITY   RD    12/20/2005   12/31/2005   1,177,534   0,1706373253   PREFERRED   B   91,745   01/13/2006
 31   INTEREST ON STOCKHOLDERS’ EQUITY   AGO / E    04/28/2006   12/31/2005   1,177,534   0,1378479039   COMMON       62,708   05/15/2006
 32   INTEREST ON STOCKHOLDERS’ EQUITY   AGO / E    04/28/2006   12/31/2005   1,177,534   0,1516326943   PREFERRED   A   5,765   05/15/2006
 33   INTEREST ON STOCKHOLDERS’ EQUITY   AGO / E    04/28/2006   12/31/2005   1,177,534   0,1516326943   PREFERRED   B   81,527   05/15/2006
 34   INTEREST ON STOCKHOLDERS’ EQUITY   RD    03/23/2006   12/31/2006   0   0,0817897563   COMMON       37,207   04/13/2006
 35   INTEREST ON STOCKHOLDERS’ EQUITY   RD    03/23/2006   12/31/2006   0   0,0899687319   PREFERRED   A   3,421   04/13/2006
 36   INTEREST ON STOCKHOLDERS’ EQUITY   RD    03/23/2006   12/31/2006   0   0,0899687319   PREFERRED   B   48,372   04/13/2006
 37   INTEREST ON STOCKHOLDERS’ EQUITY   RD    06/20/2006   12/31/2006   0   0,0680049659   COMMON       30,936   07/13/2006
 38   INTEREST ON STOCKHOLDERS’ EQUITY   RD    06/20/2006   12/31/2006   0   0,0748054625   PREFERRED   A   2,844   07/13/2006
 39   INTEREST ON STOCKHOLDERS’ EQUITY   RD    06/20/2006   12/31/2006   0   0,0748054625   PREFERRED   B   40,220   07/13/2006
 40   INTEREST ON STOCKHOLDERS’ EQUITY   RD    09/19/2009   12/31/2006   0   0,0735188821   COMMON       33,444   10/10/2006
 41   INTEREST ON STOCKHOLDERS’ EQUITY   RD    09/19/2009   12/31/2006   0   0,0807077028   PREFERRED   A   3,074   10/10/2006
 42   INTEREST ON STOCKHOLDERS’ EQUITY   RD    09/19/2009   12/31/2006   0   0,0807077028   PREFERRED   B   43,482   10/10/2006
 43   INTEREST ON STOCKHOLDERS’ EQUITY   RD    12/22/2006   12/31/2006   0   0,6892395194   COMMON       31,354   01/11/2007
 44   INTEREST ON STOCKHOLDERS’ EQUITY   RD    12/22/2006   12/31/2006   0   0,7581634713   PREFERRED   A   2,878   01/11/2007
 45   INTEREST ON STOCKHOLDERS’ EQUITY   RD    12/22/2006   12/31/2006   0   0,7581634713   PREFERRED   B   40,768   01/11/2007
 46   INTEREST ON STOCKHOLDERS’ EQUITY   RD    03/21/2007   12/31/2007   0   0,6157206374   COMMON       28,010   04/17/2007
 47   INTEREST ON STOCKHOLDERS’ EQUITY   RD    03/21/2007   12/31/2007   0   0,6772927011   PREFERRED   A   2,571   04/17/2007

22


FEDERAL PUBLIC SERVICE    
CVM - SECURITIES COMMISSION    
ANNUAL INFORMATION BULLETIN - IAN   12/31/2008

01.01 - IDENTIFICATION        
 1 - CVM CODE   2 - NAME OF THE COMPANY   3 - TAXPAYER Nº
 00043-4   Aracruz Celulose S.A.   42.157.511/0001-61

06.01 - DIVIDENDS AND INTEREST ON CAPITAL PAID IN THE LAST THREE YEARS

1 -ITEM   2 - TYPE   APPROVAL OF   5 - END OF   6- NET   7 - AMOUNT   8 - TYPE OF   9 - CLASS   10 - AMOUNT   11 - BEGINNING OF
        DISTRIBUTION   FISCAL   PROFIT   PER SHARE   SHARE       TOTAL   THE PAYMENT
                YEAR   (R$ 000)   (R$ )           (R$ 000)    
        3 - MEETING   4 - DATE                            
 48   INTEREST ON STOCKHOLDERS’ EQUITY   RD   03/21/2007   12/31/2007   0   0,6772927011   PREFERRED   B   36,419   04/17/2007
 49   DIVIDENDS   AGO/E   04/24/2007   12/31/2006   1,148,333   0,1534706663   COMMON       69,815   05/15/2007
 50   DIVIDENDS   AGO/E   04/24/2007   12/31/2006   1,148,333   0,1688177330   PREFERRED   A   6,409   05/15/2007
 51   DIVIDENDS   AGO/E   04/24/2007   12/31/2006   1,148,333   0,1688177330   PREFERRED   B   90,776   05/15/2007
 52   INTEREST ON STOCKHOLDERS’ EQUITY   RD   06/19/2007   12/31/2007   0   0,0707619240   COMMON       32,190   07/11/2007
 53   INTEREST ON STOCKHOLDERS’ EQUITY   RD   06/19/2007   12/31/2007   0   0,0778381164   PREFERRED   A   2,955   07/11/2007
 54   INTEREST ON STOCKHOLDERS’ EQUITY   RD   06/19/2007   12/31/2007   0   0,0778381164   PREFERRED   B   41,855   07/11/2007
 55   INTEREST ON STOCKHOLDERS’ EQUITY   RD   09/18/2007   12/31/2007   0   0,6984293796   COMMON       31,772   10/17/2007
 56   INTEREST ON STOCKHOLDERS’ EQUITY   RD   09/18/2007   12/31/2007   0   0,7682723176   PREFERRED   A   2,916   10/17/2007
 57   INTEREST ON STOCKHOLDERS’ EQUITY   RD   09/18/2007   12/31/2007   0   0,7682723176   PREFERRED   B   41,312   10/17/2007
 58   INTEREST ON STOCKHOLDERS’ EQUITY   RD   12/21/2007   12/31/2007   0   0,0725079974   COMMON       32,984   01/16/2008
 59   INTEREST ON STOCKHOLDERS’ EQUITY   RD   12/21/2007   12/31/2007   0   0,0797587972   PREFERRED   A   2,230   01/16/2008
 60   INTEREST ON STOCKHOLDERS’ EQUITY   RD   12/21/2007   12/31/2007   0   0,0797587972   PREFERRED   B   43,686   01/16/2008
 61   INTEREST ON STOCKHOLDERS’ EQUITY   RD   03/18/2008   12/31/2008   0   0,0643290218   COMMON       29,264   04/16/2008
 62   INTEREST ON STOCKHOLDERS’ EQUITY   RD   03/18/2008   12/31/2008   0   0,0707619240   PREFERRED   A   1,978   04/16/2008
 64   DIVIDENDS   AGO/E   0430/2008   12/31/2007   1,020,617   0,1837972052   COMMON       83,611   05/14/2008
 65   DIVIDENDS   AGO/E   0430/2008   12/31/2007   1,020,617   0,2021769257   PREFERRED   A   5,652   05/14/2008
 66   DIVIDENDS   AGO/E   0430/2008   12/31/2007   1,020,617   0,2021769257   PREFERRED   B   110,737   05/14/2008

23


FEDERAL PUBLIC SERVICE    
CVM - SECURITIES COMMISSION    
ANNUAL INFORMATION BULLETIN - IAN   12/31/2008

01.01 - IDENTIFICATION        
 1 - CVM CODE   2 - NAME OF THE COMPANY   3 - TAXPAYER Nº
 00043-4   Aracruz Celulose S.A.   42.157.511/0001-61

06.03 - STATUTORY DISPOSITION OF CAPITAL

1 - ITEM   2 - TYPE   3 - SHARE   4 - CAPITAL 5 - CONVERTIBLE   6 - CONVERTS   7 - VOTING   8- TAG 9 - PRIORITY IN   10 - PREMIUM   11 - TYPE OF   12 - DIVIDEND   13 - R$ / SHARE   14 - CUMULATIVE   15 - PRIORITY   16 - MADE
    OF SHARE   CLASS   %       IN    RIGHTs   ALONG   THE REFUND       DIVIDEND   %               CALCULATIO
                            %   OF CAPITAL                           NS ON
 
 01    PA   A   3.69   YES   PNB   NO       YES   NO   Minimum   6.00        NO    YES    SHARE
                                                             CAPITAL
 02    PB   B   52.21   NO       NO       YES   NO   10% HIGH CN            NO    NO    NET
                                                             PROFIT
 03    CN       44.10   NO       FULL   80.00   NO   NO                NO    NO    NET
                                                             PROFIT

06.04 - STATUTORY CHANGE

1 - LAST STATUTORY CHANGE   2 - OBLIGATORY DIVIDEND (% Profit)
                                           04/24/2007                                25,00

24


FEDERAL PUBLIC SERVICE    
CVM - SECURITIES COMMISSION    
ANNUAL INFORMATION BULLETIN - IAN   12/31/2008

01.01 - IDENTIFICATION        
 1 - CVM CODE   2 - NAME OF THE COMPANY   3 - TAXPAYER Nº
 00043-4   Aracruz Celulose S.A.   42.157.511/0001-61

07.01 - COMPANSATION AND PARTICIPATIONS OF OFFICERS

1 - OFFICER SHARING PROFIT   2 - COMPANSATION OF OFFICERS (R$ ‘000)   3 - PERIOD
NO                                                      10,446       Year

07.02 - PARTICIPATIONS AND CONTRIBUITIONS IN THE LAST THREE YEARS

1 - ITEM   2 - PARTICIPATIONS & CONTRIBUITIONS   3 - LAST FISCALYEAR ENDED R$’000)   4 - PRECEDING FISCAL YEAR ENDED (R$’000)   5 - SECOND PRECEDONG FISCAL YEAR ENDED (R$’000)
        12/31/2008   12/31/2007   12/31/2006
01   PARTICIPATIONS -DEBENTURISTS            
02   PARTICIPATIONS - EMPLOYEES            
03   PARTICIPATIONS - MANAGEMENT            
04   PARTICIPATIONS - OTHER            
05   CONTRIBUTIONS - ASSISTANCE FUND            
06   CONTRIBUTIONS - PENSION FUND   7,207   6,573   6,107
07   OTHER - CONTRIBUTIONS            
08   NET PROFIT FOR THE YEAR       1,020,617   1,148,333
09   NET LOSS FOR THE YEAR   (4,270,575)        

25


FEDERAL PUBLIC SERVICE    
CVM - SECURITIES COMMISSION    
ANNUAL INFORMATION BULLETIN - IAN   12/31/2008

01.01 - IDENTIFICATION        
 1 - CVM CODE   2 - NAME OF THE COMPANY   3 - TAXPAYER Nº
 00043-4   Aracruz Celulose S.A.   42.157.511/0001-61

07.03 - PARTICIPATIONS IN THE SUBSIDIARIES

1 - ITEM   2 - COMPANY NAME SUBSIDIARIES   3 - TAXPAYER No.   4 - CLASSIFICATION   5 - INTEREST IN   6 - CONTROLLING   7 - TYPE OF COMPANY
                SUBSIDIARIES   STOCKHOLDERS’    
                CAPITAL - %   EQUITY %    
 
 01   ARACRUZ TRADING S.A       OPEN CONTROLLED   100.00   0.56   COMPANY COMMERCIAL, INDUSTRIAL AND OTHER
 02   ARACRUZ CELULOSE (USA) INC.       OPEN CONTROLLED   100.00   0.28   COMPANY COMMERCIAL, INDUSTRIAL AND OTHER
 03   MUCURI AGROFLORESTAL S.A   28.163.251/0001-06   OPEN CONTROLLED   100.00   1.66   COMPANY COMMERCIAL, INDUSTRIAL AND OTHER
 04   PORTOCEL TERMINAL ESPECIALIZADO   28.497.394/0001-54   OPEN CONTROLLED   51.00   0.02   COMPANY COMMERCIAL, INDUSTRIAL AND OTHER
    DE BARRA DO RIACHO                    
 05   ARACRUZ PRODUTOS DE MADEIRA S.A.   01.739.871/0001-94   OPEN CONTROLLED   33.33   0.48   COMPANY COMMERCIAL, INDUSTRIAL AND OTHER
 06   VERACEL CELULOSE S.A.   40.551.996/0002-29   OPEN CONTROLLED   50.00   19.76   COMPANY COMMERCIAL, INDUSTRIAL AND OTHER
 07   ARACRUZ TRADING INTERNATIONAL LTD       OPEN CONTROLLED   100.00   26.35   COMPANY COMMERCIAL, INDUSTRIAL AND OTHER
 08   ARA PULP COM. IMPOR. EXPOR.       OPEN CONTROLLED   100.00   0.08   COMPANY COMMERCIAL, INDUSTRIAL AND OTHER
    UNIPESSOAL LTD.                    
 09   RIOCELL TRADE S.A.       OPEN CONTROLLED   100.00   0.05   COMPANY COMMERCIAL, INDUSTRIAL AND OTHER

08.01 - CHARACTERISTICS OF PUBLIC OR PRIVATE DEBENTURE ISSUES

ANYTHING TO INFORM

26


FEDERAL PUBLIC SERVICE    
CVM - SECURITIES COMMISSION    
ANNUAL INFORMATION BULLETIN - IAN   12/31/2008

01.01 - IDENTIFICATION        
 1 - CVM CODE   2 - NAME OF THE COMPANY   3 - TAXPAYER Nº
 00043-4   Aracruz Celulose S.A.   42.157.511/0001-61

09.01 - HISTORICAL OVERVIEW OF THE COMPANY

THE COMPANY

Aracruz Florestal S.A. (“AFSA”), our predecessor, was organized and established as a joint stock corporation under Brazilian law in 1967. Its stated corporate purpose (object) was the planting of eucalyptus forests. AFSA became a subsidiary of Aracruz in 1972 when Aracruz was organized and established and, on July 20, 1993, AFSA was merged upstream into Aracruz.

We began pulp production operations in September 1978, using a single production unit (Mill A), with rated production capacity of approximately 400,000 tons of pulp per year. At the beginning of 1991, we completed an expansion plan known as the 1991 Expansion Plan, which added a second production unit (Mill B), upping the rated capacity of the Barra do Riacho Unit to around 1,025,000 tons per year. In 1994, we increased our effective production capacity to 1,070,000 tons, by means of an enhancement system and gains in productivity. From December 1995 through December 1998 we implemented our Modernization Project, which increased the rated capacity of the Barra do Riacho Unit to 1,240,000 tons per year and bolstered our production efficiency.

In June 2000, our Board of Directors approved a new expansion plan involving increasing the rated capacity of the Barra do Riacho Unit by another 700,000 tons per year. This was known as the Mill C Expansion Project, which involved adding a new pulp line and making modifications in the Unit’s existing equipment in order to enhance even further our cost-benefit ratio. Construction work began in the second half of 2000 and the mill began its operations at the end of May 2002, reaching full capacity in 2003.

The production volume resulting from the Mill C Expansion Project required the Company to increase its forest base to the tune of roughly 65,200 hectares of eucalyptus trees. To meet this demand, in June 2000 Aracruz acquired Terra Plana Agropecuária Ltda., a company whose assets consisted of 19,000 hectares of land suitable for planting eucalyptus trees. Between July of 2000 and December 31, 2001, the Company acquired another 44,000 hectares or so of additional land through a series of separate operations. Moreover, in September 2002, Bahia Sul (presently named Suzano Papel e Celulose) and the Company joined forces with Companhia Vale do Rio Doce (now named Vale) and its wholly-owned subsidiary, Florestas Rio Doce S/A, for acquisition of additional forest assets by Bahia Sul and Aracruz on a 50-50 basis. Such assets consisted of around 40,000 hectares of lands and eucalyptus forests. The Company also signed a wood supply contract for a three-year period with Veracel, the purpose of which was to supply a total quantity of up to 3.85 million cubic meters of wood for the Mill C Expansion Project through to the time the new trees reach maturity for felling. During 2004 we managed to obtain roughly 62% of our requirements for wood fiber from our own eucalyptus forests. In 2005, 2006 and 2007, we reached marks of approximately 90%, 91% and 86%, respectively, of our demand for wood from our own eucalyptus forests, due to the increasing amount of wood from the Forest Producer Program, in accordance with Aracruz’s long-term planning for wood supply.

In December 2005 our Board of Directors approved another investment in the Barra do Riacho United, known as the Barra do Riacho Optimization project. This project will enhance the technology and performance of the pulp production process, introducing flexibility to adapt the pulp to different market requirements. Such improvements will be carried out through modification and/or replacement of equipment in Mills A, B and C, leading to a substantial rise in rate capacity of 200,000 tons per year. The investment in the unit has been tagged at US$ 239 million, of which US$ 199 million was disbursed through 2007 and US$ 40 million was disbursed in 2008, with 80% of the items being produced in Brazil and 20% imported. The 200,000 tons per year in additional capacity should be achieved in 2009.

27


FEDERAL PUBLIC SERVICE    
CVM - SECURITIES COMMISSION    
ANNUAL INFORMATION BULLETIN - IAN   12/31/2008

01.01 - IDENTIFICATION        
 1 - CVM CODE   2 - NAME OF THE COMPANY   3 - TAXPAYER Nº
 00043-4   Aracruz Celulose S.A.   42.157.511/0001-61

09.01 - HISTORICAL OVERVIEW OF THE COMPANY

Portocel

We own 51% of Portocel Terminal Especializado de Barra do Riacho S.A., a company that has operated the port terminal at Barra do Riacho since January 1985. The remaining share of the capital stock, equivalent to 49% of Portocel, is held by Celulose Nipo Brasileira S.A - CENIBRA, another pulp producer and one of our competitors. Since privatization of the port terminal in 1985 through 2007, Portocel increased its storage capacity from 45,000 to 217,000 tons.

At Portocel, two new berths entered into operation for handling finished products (wood and pulp) and increase of the load displacement to 12.5 meters has been confirmed. With this increase, the terminal can now maximize the shipping capacity of all types of specialized ships in transporting forest products, which will permit significant improvements and flexibility in contracting freight.

In January 2008 operations began at the third ship mooring berth. This step consolidates the terminal expansion project and capacity has now been increased by 40%. The expansion project began in 2007 and involved the revamping of the entire terminal infrastructure in order to adapt it to future challenges. Cargo handling capacity has been boosted from 11.4 to 14 million tons per year.

Aracruz Produtos de Madeira

In 1998, we acquired the entire stake held by Gutchess International Inc. in Tecflor Industrial S.A. [currently known as Aracruz Produtos de Madeira S.A. (APM)], a joint venture between Gutchess International Inc. and Aracruz that was created in 1997 to manufacture solid wood products. In October 2004, we sold two thirds of our shares in APM to Weyerhaeuser do Brasil Participações Ltda., a subsidiary of the Weyerhaeuser Corporation. The domestic sales policy of APM remained unaltered and its international sales continue to be carried out by Weyerhaeuser. At present, we own one third of the shares issued by APM.

Veracel

On October 10, 2000, we acquired a 45% stake in Veracel, a joint venture whose purpose is to plant eucalyptus trees and build a pulp plant. On January 31, 2003, the Company acquired yet another share in Veracel, corresponding to 5% of its capital stock, thus increasing our total share to 50%. The other 50% of Veracel’s capital stock is owned by Stora Enso OYJ ("Stora Enso"). Veracel grows eucalyptus trees in the State of Bahia, which diversifies our sources of wood supply for the Barra do Riacho Unit. In May 2003, the Company and its joint venture partner invested a further US$ 940 million in Veracel, in order to build a mill capable of turning out 900,000 tons of pulp (“Veracel Mill”) for manufacture of BEKP in the State of Bahia. Construction of this mill began in the second half of 2003 and operations started up in May 2005. Total amount budgeted for the project was US$ 1.30 billion.

All told, the Veracel pulp mill, from the keystone to start up of operations in May 2005, took 22 months to conclude.

The Veracel mill has the lowest production cost in the world for bleached eucalyptus pulp, due to the modern equipment employed, the short average radius of nearby forestry operations (just 50 km) and the high productivity of the forests. It is one of the largest single-line pulp production installations of this type in the entire world. Besides the leading-edge equipment, the project uses control systems and other procedures that preserve the quality of the environment.

Owing to its location — far from major cities – the Veracel mill has contributed to creation of jobs and income in a region where there are few other employment opportunities.

28


FEDERAL PUBLIC SERVICE    
CVM - SECURITIES COMMISSION    
ANNUAL INFORMATION BULLETIN - IAN   12/31/2008

01.01 - IDENTIFICATION        
 1 - CVM CODE   2 - NAME OF THE COMPANY   3 - TAXPAYER Nº
 00043-4   Aracruz Celulose S.A.   42.157.511/0001-61

09.01 - HISTORICAL OVERVIEW OF THE COMPANY

Through the end of 2008, about 70% of the forest base required to double production at Veracel should be acquired. The new line will have capacity to turn out 1.4 million tons of pulp per year, which will increase the unit’s annual rated capacity to 2.3 million tons (50% for each one of the partners, Aracruz and Stora Enso).

Veracel II Project – In 2008, the investment outlays related to the purchase of land and development of forests for expansion the Veracel Mill in Bahia totaled R$ 58 million (50% being Aracruz’s share). Even so, together with its partner Stora Enso, decided to postpone plans to expand the plant for at least one year.

Guaíba Unit

On May 30, 2003, the Company acquired from Klabin S.A the entire capital stock of Riocell S.A. ("Riocell"), a major producer of BEKP, for a purchase price of US$ 567 million. Riocell was the owner and operator of a mill ("Riocell Mill”) with capacity for producing approximately 400,000 tons per year. It also owned roughly 40,000 hectares planted with eucalyptus trees in the State of Rio Grande do Sul. On January 7, 2004, Riocell was merged upstream into the Company and the Riocell Mill and respective forest assets are presently operated as the Company’s Guaíba Unit. On September 15, 2004, the Company announced its project for Optimization of the Guaíba Unit. The systems involved in modernizing the unit began operating in November 2005, just as planned, and also achieved their performance goals. The Optimization project permitted additional production of 30,000 tons in 2006, increasing the unit’s rated capacity to 430,000 tons per year. In June 2006, the Company disclosed that preliminary studies were concluded with respect to the feasibility of future expansion of the unit’s production capacity by roughly 1.3 million tons per year, which would up the plant’s total capacity to around 1.8 million tons per year between the years 2010 and 2015. In June 2007, environmental impact studies were concluded and in March 2008 the preliminary environmental license for expansion of the Guaíba Unit’s production capacity to 1.8 million tons per year was issued.

On April 15, 2008, Aracruz announced that its Board of Directors had approved expansion of the Guaíba Unit. Work began in the second half of 2008 but, due to the global economic crisis that directly affect the pulp market and the need to preserve the Company’s liquidity, the Board temporarily suspended expansion of the unit. Aracruz is sticking with its intention to continue investing in the project as soon as market conditions permit.

Wood logistics

The maritime means of transporting wood accounted for the hauling of 1.3 million m³ of wood, which meant reduction of 52 thousand truck trips, thus contributing mightily to reduction of traffic on BR-101 in the section where Aracruz carries out its forest operations.

In July 2007, the Company beat its record for wood transported in a single month, setting the mark of 749 thousand m³.

Our commitment to sustainable development has guided our practices of managing the planting of eucalyptus trees and preserving native ecosystems at the same time. The environmental practices adopted at the mills are likewise continually being enhanced. Our social responsibility is reflected, among other aspects, in the significant program for social action that is being developed in the communities where the Company operates.

29


FEDERAL PUBLIC SERVICE    
CVM - SECURITIES COMMISSION    
ANNUAL INFORMATION BULLETIN - IAN   12/31/2008

01.01 - IDENTIFICATION        
 1 - CVM CODE   2 - NAME OF THE COMPANY   3 - TAXPAYER Nº
 00043-4   Aracruz Celulose S.A.   42.157.511/0001-61

09.01 - HISTORICAL OVERVIEW OF THE COMPANY

Ownership of Aracruz is exercised by the Safra, Lorentzen and Votorantim groups (28% of the voting capital for each one), as well as by the Brazilian Development Bank (BNDES - Banco Nacional de Desenvolvimento Econômico e Social), which has 12.5% . The Company’s preferred shares, accounting for 56% of the total capital, are traded on the São Paulo, New York and Madrid stock exchanges.

Aracruz is the only forestry company in the entire world that was listed on the Dow Jones World Sustainability Index for 2007, an important recognition at the international level of the seriousness of the Company’s practices. It is also listed on the São Paulo Stock Exchange (BOVESPA) Business Sustainability Index.

***

30


FEDERAL PUBLIC SERVICE    
CVM - SECURITIES COMMISSION    
ANNUAL INFORMATION BULLETIN - IAN   12/31/2008

01.01 - IDENTIFICATION        
 1 - CVM CODE   2 - NAME OF THE COMPANY   3 - TAXPAYER Nº
 00043-4   Aracruz Celulose S.A.   42.157.511/0001-61

09.02 – CHARACTERISTICS OF THE COMPANY’S INDUSTRY

The world’s economy is facing its worst crisis in many decades. The loss of confidence that has disseminated throughout the market and the reduced availability of credit have depressed global economic activity, hurting investors, companies and consumers. With the cutback in demand in all sectors of the economy, the pulp and paper industry has been severely affected, as have commodities in general.

In this context, world-wide demand for printing and writing paper posted a drop of 5.5% in 2008, chiefly in the biggest consumer markets – the United States, Europe and Japan.

The global pulp market, which until mid-2008 was performing well, underwent a steep decline in the last quarter of the year. After growing 5% in the first half of the year, the world’s demand for pulp retreated considerably in the second half, winding up the year with a dip of 0.9% .

The most common perception at the moment is that the United States, which has announced a huge economic stimulus package, will come out of its recession between mid-2009 and year-end, thus contributing to stabilization and growth in other regions. This scenario, associated with the cuts in existing capacities and the postponement or cancellation of new projects, should manage to put the brakes on the deterioration in the equilibrium between supply and demand, perhaps even resulting in an improved scenario for the pulp and paper industry in 2009.

EVOLUTION OF INVENTORIES            
In thousands of tons   2006   2007   2008
Aracruz Group   454   396   537
World-wide inventories   1,086   1,165   1,846
EVOLUTION OF SALES            
In thousands of tons   2006   2007   2008
Aracruz Celulose   2,557   2,576   2,448
Aracruz Group   3,012   3,100   2,916
EVOLUTION OF PRICES            
In US$ (FOB) / ton   2006   2007   2008
Aracruz Celulose   390   470   554
Aracruz Group   542   583   626

31

* * * * *


FEDERAL PUBLIC SERVICE    
CVM - SECURITIES COMMISSION    
ANNUAL INFORMATION BULLETIN - IAN   12/31/2008

01.01 - IDENTIFICATION        
 1 - CVM CODE   2 - NAME OF THE COMPANY   3 - TAXPAYER Nº
 00043-4   Aracruz Celulose S.A.   42.157.511/0001-61

10.01 - PRODUCTS AND SERVICES OFFERED

1 - ITEM   2 - MAIN PRODUCTS AND/OR SERVICES OFFERED   3 - NET REVENUES
01        Bleached Eucalyptus Pulp   100.00%

10.02 - RAW MATERIALS AND SUPPLIERS

ITEM   1 - RAW MATERIAL       IMPORTS              AVAILABLE                                            SUPPLIER        
        2 -   3 - AMOUNT   4 - DOMESTIC   5 - FOREIGN 6 - NAME   7 - TYPE   8 - % SUPPLIED
        Y/N   (R$ 000)   MARKET   MARKET            
01    WOOD   N       Y        Y   OWN PRODUCTION   5   16.52
     (EUCALYPTUS)                            
02    CHLORATE OF   N       Y        Y   CANEXUS QUIMICA BRASIL LTDA   0   4.28
     SODIUM                            
03    CAUSTIC SODA   N       Y        Y   CANEXUS QUIMICA BRASIL LTDA   0   3.09
04    NATURAL GAS   N       Y        Y   PETROBRÁS DISTRIBUIDORA S.A.   0   1.99
05    FUEL OIL DIESEL   N       Y        Y   PETROBRÁS DISTRIBUIDORA S.A.   0   1.59

 
SUPPLIER TYPE: 0 = NOT RELATED PARTY  
  5 = COMPANY OWNED BY THE MAJOR SHAREHOLDER

10.03 - MAIN CUSTOMERS BY PRODUCTS

1 - ITEM   2 - ITEM   3 - PRODUCT / CLIENT   4 - NET REVENUES
001       Bleached eucaliptus pulp    
001   002   Aracruz Trading International   91.29%

32


FEDERAL PUBLIC SERVICE    
CVM - SECURITIES COMMISSION    
ANNUAL INFORMATION BULLETIN - IAN   12/31/2008

01.01 - IDENTIFICATION        
 1 - CVM CODE   2 - NAME OF THE COMPANY   3 - TAXPAYER Nº
 00043-4   Aracruz Celulose S.A.   42.157.511/0001-61

11.01 - PRODUCTION PROCESS

The Company produced bleached eucalyptus pulp using the ECF (Elementary Chlorine Free) process, which is employed internationally for the manufacture of high quality papers of several different types and uses, such as sanitary tissue, printing and writing paper, photographic paper, digital and decorative paper, etc. The Company’s mills incorporate modern technology and in 2007 they turned out a total of 2,132,488 tons of pulp, in order to completely satisfy the quality requirements of the domestic and international markets.

  WOOD HANDLING

The preparation of the wood is carried out in nine principal lines using the following equipment:

The portions accepted from the sifters are hauled by conveyer belts to the chip storage area: two piles of open air chips and three silos that feed three Continuous Digesters. The rejects join the picked barks and are transported to the biomass piles that feed the Auxiliary Boilers as fuel.

  PULP LINES

The chips from the piles feed three Continuous Digesters [Kvaerner (2) and Andritz (1) technologies], where they are boiled under determined conditions of retention time, temperature, pressure and concentration of alkalis. At the end of the boiling process, at the bottom of the Digester vat, the pulp undergoes the first washing stage. After this step, each Digester unloads the pulp produced for washing in the Diffusers.

Thereupon, purification of the unbleached mass takes place through atmospheric purifiers (Mills A and B) and pressurization (Mill C) for separation of the rejects and uncooked wood chips. The portion accepted by the purifiers undergoes a third washing stage consisting of a washing filter and a press for each line of Mill A, through two washing filters in series in each line of Mill B and two DDW type pressurized washing filters at Mill C. Part of the rejects returns to the entry of the boiling process.

After going through the washing filters the mass is sent to the de-lignifying reactors with O2, after which the pulp passes through a set of washers in series per line, prior to being stored in the storage towers for the bleaching process.

The bleachers feature five parallel lines, with the following stages:

Stage   Mill A   Mill B   Mill C
1   D0   D0   A/D0
2   EO   EOP   EOP
3   D1   D1   D or P
4   PO   E2 or EP   D or P
5   D2   D2   -

 
Legend: D (Chlorine Dioxide)
  E (Sodium Hydroxide)
O (Oxygen)  
  P (Hydrogen Peroxide)
  A (Chloride Acid)

33


FEDERAL PUBLIC SERVICE    
CVM - SECURITIES COMMISSION    
ANNUAL INFORMATION BULLETIN - IAN   12/31/2008

01.01 - IDENTIFICATION        
 1 - CVM CODE   2 - NAME OF THE COMPANY   3 - TAXPAYER Nº
 00043-4   Aracruz Celulose S.A.   42.157.511/0001-61

11.01 - PRODUCTION PROCESS

The Company produces bleached eucalyptus pulp employing the elementary chlorine free (ECF) process used internationally in the manufacture of high-quality papers of different types and uses, such as sanitary tissue, printing and writing, photographic, digital and decorative papers. The Aracruz pulp mill incorporates leading edge technology and in 2008 turned out 2,103,496 tons of pulp, thus fully satisfying the quality requisites demanded by the domestic and international markets.

HANDLING WOOD

Preparation of the wood is carried out on nine main lines using the following equipment:

The chips that pass through the sieves are transported by means of conveyer belts to the chip stockpile area, which consists of two piles of chips in the open air and three silos that feed the three continual digesters. The rejects are joined with the bark shavings and transported to the stockpiles of biomass that feeds the auxiliary boilers as fuel.

PULP LINES

The chips coming from the stockpiles feed three continual digesters [employing Kvaerner (2) and Andritz (1) technologies], where they are boiled under determined conditions as to retention time, temperature, pressure and concentration of alkalis. At the end of the boiling process, at the bottom of the digester vessel, the pulp undergoes the first washing stage. After this step, each digester unloads the pulp produced for washing in the disperser.

Following this, purification of the unbleached mass takes place through atmospheric (mills A and B) and pressurized (mill C) purifiers for separation of the reject and unboiled wood shavings. The process of acceptance by the purifiers undergoes a third stage of washing consisting of a washing filter and a press on each line of mill A, two washing filters in series on each line of mill B and DDW-type pressurized filters in mill C. Part of the rejects return to the entry point of the boiling process.

After the washing filters the mass is sent to the delignification reactors with O2, after which the pulp once again goes through a set of washers in series, prior to being stockpiled in the storage towers for the bleaching process.

The bleaching operations feature five parallel lines with the following stages:

Stage   Mill A   Mill B   Mill C
1st   D0   A/D0   A/D0
2nd   EOP   EOP   EOP
3rd   D1   D1   D or P
4th   PO   E or EP   D or P
5th   D2   D2   -

 
Legend: D (Chlorine Dioxide)
  E (Sodium Hydroxide)
O (Oxygen)  
  P (Hydrogen Peroxide)
  A (Chloric or Sulfuric Acid)
34


FEDERAL PUBLIC SERVICE    
CVM - SECURITIES COMMISSION    
ANNUAL INFORMATION BULLETIN - IAN   12/31/2008

01.01 - IDENTIFICATION        
 1 - CVM CODE   2 - NAME OF THE COMPANY   3 - TAXPAYER Nº
 00043-4   Aracruz Celulose S.A.   42.157.511/0001-61

11.01 - PRODUCTION PROCESS

ELECTRO-CHEMICAL PLANT

As part of its strategy to concentrate on its core activity, in December 1999 the Company sold is electro-chemical plant to the Canadian group Canadianoxy Chemicals Holdings Ltd., which presently goes by the name Canexus. A long-term agreement was signed with the new owner, guaranteeing supply of the chemical products required at extremely competitive process for the forthcoming 23 years. The objectives of this sale were three-fold: (1) capitalization, thus freeing up funds for strategic investments; (2) transfer of plant operating risks to a specialized producer with in-depth knowledge of the intricate industrial processes involved; and (3) reductions in costs to be obtained by sharing gains obtained from economies of scale forecast by the new owner as it expands its business in Brazil.

INSURANCE

The Aracruz industrial complex started up production in 1978 (mill A), 1991 (mill B) and 2002 (mill C). The Company has fire insurance policies covering the installations, machinery, equipment, tanks, forests and stockpiles. It has also taken out insurance against business interruption, machinery breakage and engineering risks.

Owing to the effective automated controls in place at the industrial plant, the production process is not subject to high risks that might cause shutdown of activities.

Each year the Company carries out a programmed shutdown for preventive maintenance of each mill, lasting 8 to 10 days at each one.

* * * * *

35


FEDERAL PUBLIC SERVICE    
CVM - SECURITIES COMMISSION    
ANNUAL INFORMATION BULLETIN - IAN   12/31/2008

01.01 - IDENTIFICATION        
 1 - CVM CODE   2 - NAME OF THE COMPANY   3 - TAXPAYER Nº
 00043-4   Aracruz Celulose S.A.   42.157.511/0001-61

11.02 - COMMERCIALIZATION PROCESS, DISTRIBUTION, MARKETS AND EXPORT

After bleaching, the pulp mass - which is stockpiled in storage towers – heads to the bleached pulp mass purification system. The sheet of pulp is formed by five dewatering machines, each of which is made up of an entry box, flat table and pressing section consisting of 3 presses. After pressing, the sheet passes through Flakt type driers and comes out with a dry weight of 90%. The 6-meter-wide sheets from mills A and B and 8-meter-wide sheets from mill C are cut into smaller sheets and then bundled into 250 Kg bales measuring 45 x 67 x 92 cm. The bales are stockpiled and bound into 2,000 Kg bundles.

  ENERGY RECOVERY SYSTEM

The liquid resulting from the boiling and washing process (black liquid), which contains organic (wood) and inorganic (chemical) solids, the later from the boiling process, is sent to the recovery system, which consists of:

The generation of steam takes place in the three recovery boilers by means of burning the black liquid concentrate and in the two auxiliary boilers by means of burning biomass (wood shavings and residues). Fuel oil (BPF) is used only during stoppages and startups of the units.

The steam generated by means of high pressure that comes from the boilers goes through the turbo-generators, thus generating electric power. In the turbo-generators, the high-pressure steam is converted into medium- and low-pressure vapor that is used in the pulp manufacturing process.

* * * * *

36


FEDERAL PUBLIC SERVICE    
CVM - SECURITIES COMMISSION    
ANNUAL INFORMATION BULLETIN - IAN   12/31/2008

01.01 - IDENTIFICATION        
 1 - CVM CODE   2 - NAME OF THE COMPANY   3 - TAXPAYER Nº
 00043-4   Aracruz Celulose S.A.   42.157.511/0001-61

11.03 - MAIN PULP PRODUCTERS

WORLD’S MAJOR PRODUCER OF SHORT-FIBER PULP FOR THE MARKET

                             Company                      Country   Capacity
        (tons / year)
 
Aracruz   Brazil   3,200,000
APRIL   Indonesia   1,880,000
ENCE   Spain   1,160,000
Cenibra   Brazil   1,140,000
CMPC   Chile   1,080,000
Votorantim   Brazil   1,005,000
Arauco   Chile/Argentina   870,000
APP   Indonesia   850,000
Stora Enso   Finland   825,000
Suzano Bahia Sul   Brazil   790,000

Sources: Aracruz and Hawkins Wright – Nov / 07

* * * * *

37


FEDERAL PUBLIC SERVICE    
CVM - SECURITIES COMMISSION    
ANNUAL INFORMATION BULLETIN - IAN   12/31/2008

01.01 - IDENTIFICATION        
 1 - CVM CODE   2 - NAME OF THE COMPANY   3 - TAXPAYER Nº
 00043-4   Aracruz Celulose S.A.   42.157.511/0001-61

38


FEDERAL PUBLIC SERVICE    
CVM - SECURITIES COMMISSION    
ANNUAL INFORMATION BULLETIN - IAN   12/31/2008

01.01 - IDENTIFICATION        
 1 - CVM CODE   2 - NAME OF THE COMPANY   3 - TAXPAYER Nº
 00043-4   Aracruz Celulose S.A.   42.157.511/0001-61

13.01 - MAIN PROPERTIES

1 - ITEM   2 - TYPE   3 - ADDRESS   4 - CITY   5 - STATE   6 - TOTAL AREA   7 - BUILDING   8- AGE   9 - INSURANCE   10 - MORTGAGE   11 - RENTED FROM   12 - BEGINNIG   13 - END OF
                    (000M2 ) AREA(000Ha) (YEARS)             THIRD PERSONS   OF CONTRACT   CONTRACT
01   Industrial Plant   Rod. Barra do Riacho   Aracruz   ES   217,790.00   118.906.000   39     Y   Y   N        
02   Land   Aracruz   Aracruz   ES   577,473,660   -   -     N   N   N        
03   Land   Fundão   Fundão   ES   9,670,100   -   -     N   N   N        
04   Land   Linhares   Linhares   ES   152,972,490   -   -     N   N   N        
05   Land   Serra   Serra   ES   52,003,790   -   -     N   N   N        
06   Land   Sooretama   Sooretama   ES   34,328,790   -   -     N   N   N        
07   Land   Conceição da Barra   Conceição da Barra   ES   375,159,980   -   -     N   N   N        
08   Land   Pinheiros   Pinheiros   ES   23,775,730   -   -     N   N   N        
09   Land   São Mateus   São Mateus   ES   337,216,700   -   -     N   N   N        
10   Land   Others   Others   ES   11,559,160   -   -     N   N   N        
11   Land   Vila Valério   Vila Valério   ES   28,966,990   -   -     N   N   N        
12   Land   Jaguaré   Jaguaré   ES   63,845,530   -   -     N   N   N        
13   Land   Montanha   Montanha   ES   41,630,700   -   -     N   N   N        
14   Land   Mucurici   Mucurici   ES   11,623,930   -   -     N   N   N        
15   Land   Alcobaça   Alcobaça   BA   520,957,370   -   -     N   N   N        
16   Land   Caravelas   Caravelas   BA   393,878,280   -   -     N   N   N        
17   Land   Ibirapuan   Ibirapuan   BA   142,708,320   -   -     N   N   N        
18   Land   Mucuri   Mucuri   BA   217,963,210   -   -     N   N   N        
19   Land   Nova Viçosa   Nova Viçosa   BA   339,918,240   -   -     N   N   N        
20   Land   Prado   Prado   BA   7,783,460   -   -     N   N   N        
21   Land   Teixeira de Freitas   Teixeira de Freitas   BA   49,567,780   -   -     N   N   N        
22   Land   Vereda   Vereda   BA   34,333,900   -   -     N   N   N        
23   Land   Nanuque   Nanuque   MG   80,694,470   -   -     N   N   N        

39


FEDERAL PUBLIC SERVICE    
CVM - SECURITIES COMMISSION    
ANNUAL INFORMATION BULLETIN - IAN   12/31/2008

01.01 - IDENTIFICATION        
 1 - CVM CODE   2 - NAME OF THE COMPANY   3 - TAXPAYER Nº
 00043-4   Aracruz Celulose S.A.   42.157.511/0001-61

13.01 - MAIN PROPERTIES

1 - ITEM    2 - TYPE   3 - ADDRESS   4 - CITY   5 - STATE   6 - TOTAL AREA   7 - BUILDING   8 - AGE   9 - INSURANCE   10 - MORTGAGE   11 - RENTED   12 - BEGINNIG   13 - END OF
                    (000M2 )   AREA (000 Ha)   (YEARS)           FROM THIRD   OF CONTRACT   CONTRACT
                                        PERSONS        
24   Land   Carlos   Carlos   MG   69,597,340   -   -   N   N   N        
        Chagas/Tumiritinga   Chagas/Tumiritinga                                    
25   Land   Cachoeira do Sul   Cachoeira do Sul   RS   84,344,680   -   -   N   N   N        
26   Land   Arroio dos Ratos   Arroio dos Ratos   RS   73,328,060   -   -   N   N   N        
27   Land   São Gabriel   São Gabriel   RS   129,171,540   -   -   N   N   N        
28   Land   Barra do Ribeiro   Barra do Ribeiro   RS   118,033,270   -   -   N   N   N        
29   Land   Butiá   Butiá   RS   102,630,630   -   -   N   N   N        
30   Land   Santa Margarida do   Santa Margarida do   RS   72,953,630   -   -   N   N   N        
        Sul   Sul                                    
31   Land   Dom Feliciano   Dom Feliciano   RS   65,180,750   -   -   N   N   N        
32   Land   Eldorado do Sul   Eldorado do Sul   RS   41,850,200   -   -   N   N   N        
33   Land   Guaíba   Guaíba   RS   31,494,300   -   -   N   N   N        
34   Land   Minas do Leão   Minas do Leão   RS   44,211,110   -   -   N   N   N        
35   Land   Pântano Grande   Pântano Grande   RS   117,950,000   -   -   N   N   N        
36   Land   São Jerônimo   São Jerônimo   RS   61,435,190   -   -   N   N   N        
37   Land   Mariana Pimentel   Mariana Pimentel   RS   43,289,400   -   -   N   N   N        
38   Land   Larvas do Sul   Larvas do Sul   RS   73,507,790   -   -   N   N   N        
39   Land   Rio Pardo   Rio Pardo   RS   53,873,910   -   -   N   N   N        
40   Land   Others   Others   RS   251,448,530   -   -   N   N   N        
41   Land   Encruzilhada do Sul   Encruzilhada do Sul   RS   156,622,550   -   -   N   N   N        

40


FEDERAL PUBLIC SERVICE    
CVM - SECURITIES COMMISSION    
ANNUAL INFORMATION BULLETIN - IAN   12/31/2008

01.01 - IDENTIFICATION        
 1 - CVM CODE   2 - NAME OF THE COMPANY   3 - TAXPAYER Nº
 00043-4   Aracruz Celulose S.A.   42.157.511/0001-61

13.01 - MAIN PROPERTIES

1 - ITEM   2 - TYPE   3 - ADDRESS   4 - CITY   5 - STATE   6 - TOTAL AREA  7 -BUILDING   8 - AGE    9 - INSURANCE  10 - MORTGAGE  11 - RENTED 12 - BEGINNIG 13 - BEGINNIG
                    (000M2 )  

AREA
(000Ha) 

   (YEARS)           FROM THIRD
PERSONS
 OF CONTRACT  CONTRACT
                                         
                                           
42   Forests of Eucalyptus   Serra   Serra   ES   24,591,980   -            -   Y   N   N    
43   Forests of Eucalyptus   Montanha   Montanha   ES   25,945,450   -            -   Y   N   N    
44   Forests of Eucalyptus   Alcobaça   Alcobaça   BA   282,042,480   -            -   Y   N   N    
45   Forests of Eucalyptus   Ibirapuan   Ibirapuan   BA   84,229,810   -            -   Y   N   N    
46   Forests of Eucalyptus   Mucuri   Mucuri   BA   135,613,310   -            -   Y   N   N    
47   Forests of Eucalyptus   Nova Viçosa   Nova Viçosa   BA   193,127,020   -            -   Y   N   N    
48   Forests of Eucalyptus   Prado/Vereda   Prado/Vereda   BA   14,599,290   -            -   Y   N   N    
49   Forests of Eucalyptus   Caravelas   Caravelas   BA   240,214,350   -            -   Y   N   N    
50   Forests of Eucalyptus   Teixeira de Freitas   Teixeira de Freitas   BA   25,139,320   -            -   Y   N   N    
51   Forests of Eucalyptus   Carlos Chagas   Carlos Chagas   MG   24,341,370   -            -   Y   N   N    
52   Forests of Eucalyptus   Nanuque/Tumiritinga   Nanuque   MG   49,210,530   -            -   Y   N   N    
53   Forests of Eucalyptus   Butiá   Butiá   RS   87,974,190   -            -   Y   N   N    
54   Forests of Eucalyptus   Mariana Pimentel   Mariana Pimentel   RS   26,244,740   -            -   Y   N   N    
55   Forests of Eucalyptus   São Jerônimo   São Jerônimo   RS   42,410,380   -            -   Y   N   N    
56   Forests of Eucalyptus   Barra do Ribeiro   Barra do Ribeiro   RS   79,371,270   -            -   Y   N   N    
57   Forests of Eucalyptus   Minas do Leão   Minas do Leão   RS   26,641,000   -            -   Y   N   N    
58   Forests of Eucalyptus   Tapes   Tapes   RS   18,352,690   -            -   Y   N   N    
59   Forests of Eucalyptus   Guaíba   Guaíba   RS   20,402,130   -            -   Y   N   N    
60   Forests of Eucalyptus   Arroio dos Ratos   Arroio dos Ratos   RS   44,091,800   -            -   Y   N   N    
61   Forests of Eucalyptus   Eldorado do Sul   Eldorado do Sul   RS   42,101,840   -            -   Y   N   N    

41


FEDERAL PUBLIC SERVICE    
CVM - SECURITIES COMMISSION    
ANNUAL INFORMATION BULLETIN - IAN   12/31/2008

01.01 - IDENTIFICATION        
 1 - CVM CODE   2 - NAME OF THE COMPANY   3 - TAXPAYER Nº
 00043-4   Aracruz Celulose S.A.   42.157.511/0001-61

13.01 - MAIN PROPERTIES

FEDERAL PUBLIC SERVICE    
CVM - SECURITIES COMMISSION    
ANNUAL INFORMATION BULLETIN - IAN   12/31/2008

01.01 - IDENTIFICATION        
 1 - CVM CODE   2 - NAME OF THE COMPANY   3 - TAXPAYER Nº
 00043-4   Aracruz Celulose S.A.   42.157.511/0001-61

13.01 - MAIN PROPERTIES

1 - ITEM   2 - TYPE   3 - ADDRESS   4 - CITY   5 - STATE   6 - TOTAL AREA  7 -BUILDING   8 - AGE    9 - INSURANCE  10 - MORTGAGE  11 - RENTED 12 - BEGINNIG 13 - END OF
                    (000M2 )  

AREA
(000Ha) 

   (YEARS)           FROM THIRD
PERSONS
 OF CONTRACT  CONTRACT
                                       
                                         
62   Forests of Eucalyptus   São Mateus   São Mateus   ES   234,277,970    -  -  Y  N  N
63   Forests of Eucalyptus   Sooretama   Sooretama   ES   24,951,160    -  -  Y  N  N
64   Forests of Eucalyptus   Aracruz   Aracruz   ES   338,126,100    -  -  Y  N  N
65   Forests of Eucalyptus   Conceição da Barra   Conceição da Barra   ES   247,111,390    -  -  Y  N  N
66   Forests of Eucalyptus   Jaguaré   Jaguaré   ES   39,884,550    -  -  Y  N  N
67   Forests of Eucalyptus   Linhares/Ibatiba   Linhares   ES   50,670,730    -  -  Y  N  N
        Pinheiros/Vila Valério/   Pinheiros/Vila Valério/                              
68   Forests of Eucalyptus           ES   35,225,850    -  -  Y  N  N
        Mucurici   Mucurici                              
69   Forests of Eucalyptus   Fundão /Stª Teresa   Fundão /Stª Teresa   ES   5,620,920    -  -  Y  N  N
        Rio Bananal   Rio Bananal                              
70   Forests of Eucalyptus           ES   3,640,190    -  -  Y  N  N
71   Forests of Eucalyptus   Santa Leopoldina   Santa Leopoldina   ES   214,150    -  -  Y  N  N
72   Forests of Eucalyptus   Dom Feliciano / Triunfo   Dom Feliciano / Triunfo   RS   43,736,260    -  -  Y  N  N
        Pantano Grande/ General   Pantano Grande/ General                              
73   Forests of Eucalyptus           RS   77,676,300    -  -  Y  N  N
        Camara   Camara                              
74    Forests of Eucalyptus   Charqueadas/Barão do   Charqueadas/Barão do   RS   10,058,050    -  -  Y  N  N
        Triunfo   Triunfo                              
75    Forests of Eucalyptus   Sertão Santana/ Sentinela   Sertão Santana/ Sentinela   RS   37,791,740    -  -  Y  N  N
        Sul/R.Prado   Sul/R.Prado                              
76    Forests of Eucalyptus   Amaral Ferrador/Camaquã   Amaral Ferrador/Camaquã   RS   36,435.390    -  -  Y  N  N
77    Forests of Eucalyptus   Cachoeira do Sul   Cachoeira do Sul   RS   35,954.980    -  -  Y  N  N
78    Forests of Eucalyptus   Cristal/Candelaria   Cristal/Candelaria   RS   16,866.360    -  -  Y  N  N
79    Forests of Eucalyptus   Encruzilhada do Sul   Encruzilhada do Sul   RS   79,429.600    -  -  Y  N  N

42


FEDERAL PUBLIC SERVICE    
CVM - SECURITIES COMMISSION    
ANNUAL INFORMATION BULLETIN - IAN   12/31/2008

01.01 - IDENTIFICATION        
 1 - CVM CODE   2 - NAME OF THE COMPANY   3 - TAXPAYER Nº
 00043-4   Aracruz Celulose S.A.   42.157.511/0001-61

13.01 - MAIN PROPERTIES

1 - ITEM   2 - TYPE   3 - ADDRESS   4 - CITY   5 - STATE   6 - TOTAL AREA   7 - BUILDING   8 - AGE   9 - INSURANCE   10 - MORTGAGE   11 - RENTED   12 - BEGINNIG   13 - END OF
                    (000M2   AREA (000 Ha)   (YEARS)           FROM THIRD   OF CONTRACT   CONTRACT
                                        PERSONS        
80   Forests of Eucalyptus   Lavras do Sul   Lavras do Sul   RS   40,984.650   -   -   Y   N   N        
81   Forests of Eucalyptus   Stª Margarida do Sul   Stª Margarida do Sul   RS   26,713.340   -   -   Y   N   N        
82   Forests of Eucalyptus   São Gabriel/Canguçu   São Gabriel   RS   85,699.260   -   -   Y   N   N        
83   Forests of Eucalyptus   São Sepe   São Sepe   RS   16,366.570   -   -   Y   N   N        
84   Forests of Eucalyptus   Vila Nova do Sul   Vila Nova do Sul   RD   18,226.320   -   -   Y   N   N        
85   Forests of Preservation   Others   Others   ES   594,251.170   -   -   N   N   N        
86   Forests of Preservation   Others   Others   BA   637,840.520   -   -   N   N   N        
87   Forests of Preservation   Others   Others   MG   69,915.050   -   -   N   N   N        
        Others   Others                                    
88   Forests of Preservation           RS   578,784.990   -   -   N   N   N        

43


FEDERAL PUBLIC SERVICE    
CVM - SECURITIES COMMISSION    
ANNUAL INFORMATION BULLETIN - IAN   12/31/2008

01.01 - IDENTIFICATION        
 1 - CVM CODE   2 - NAME OF THE COMPANY   3 - TAXPAYER Nº
 00043-4   Aracruz Celulose S.A.   42.157.511/0001-61

14.03 - OTHER INFORMATION CONSIDERED IMPORTANT FOR BEST UNDERSTANDING OF THE COMPANY

Equity stakes held by Controlling Stockholders, Administrators, Members of the Fiscal Council and Shares in Circulation

Position as of April 30, 2009
            PNA       PNB            
Stockholders   ON shares*      %   shares**   %   shares***   %          Total      %
Controlling Stockholders   439,400,228   96.50   -   -   2,993   -   439,400,228   42.60
S. Teófilo Repres. Partic. S.A.   188,007,672   41.30   -   -   -   -   188,007,672   18.20
Newark Financial Inc.   127,506,457   28.00   -   -   -   -   127,506,457   12.30
Arapar S.A.   62,300,207   13.70   -   -   -   -   62,300,207   6.00
VCP   61,585,892   13.50   -   -   2,993   -   61,585,892   6.00
Administrators   -   -   -   -   17,714   0.00   17,714   0.00
   Board Members   -   -   -       516   0.00   516   0.00
Executive Officers   -   -   -   -   17,198   0.00   17,198   0.00
Fiscal Council   -   -   -   -   -   -   -   -
Treasury Stock (1)   483,114   0.10   -   -   1,483,200   0.30   1,966,314   0.20
Other Stockholders (2)   15,507,357   3.40   27,956,802   100.00   547,702,712   99.70   591,166,871   57.30
Total shares issued (3)   455,390,699   100.00   27,956,802   100.00   549,206,619   100.00   1,032,554,120   100.00
Shares in Circulation (2)   15,507,357   3.40   27,956,802   100.00   547,702,712   99.70   591,166,871   57.30

*      Common registered shares
 
**      Class A preferred shares
 
***      Class B preferred shares
 

  Notes:

(1)      Shares issued and repurchased by the Company.
 
(2)      Total shares issued, less treasury stock and shares held by members of the fiscal council, board of directors (including alternates), executive officers and controlling stockholders.
 
(3)      Total number of shares subscribed and issued by the Company.
 

44


FEDERAL PUBLIC SERVICE    
CVM - SECURITIES COMMISSION    
ANNUAL INFORMATION BULLETIN - IAN   12/31/2008

01.01 - IDENTIFICATION        
 1 - CVM CODE   2 - NAME OF THE COMPANY   3 - TAXPAYER Nº
 00043-4   Aracruz Celulose S.A.   42.157.511/0001-61

14.03 - OTHER INFORMATION CONSIDERED IMPORTANT FOR BEST UNDERSTANDING OF THE COMPANY

Equity stakes held by Controlling Stockholders, Administrators, Members of the Fiscal Council and Shares in Circulation

                Position as of September 30, 2008    
Stockholders   ON shares   %   PNA shares   %   PNB shares   %   Total   %
Controlling Stockholders   439,400,228   96.50   27,736,642   99.20   57,875,517   10.54   525,012,387   50.85
   Lorentzen                                
    62,300,207   13.00   -   -   -   -   62,300,207   6.03
   Safra                                
    127,506,457   28.00   27,736,642   99.20   57,875,517   10.50   213,118,616   20.64
   VCP                                
    127,506,457   28.00   -   -   -   -   127,506,457   12.35
   S. Teófilo Representação                                
   Participações S.A.   65,206,250   14.30   -   -   -   -   65,206,250   6.32
   BNDES                                
    56,880,857   12.50   -   -   -   -   56,880,857   5.51
Administrators                                
    1,905   0.00   -   -   44,617   0.00   46,552   0.00
   Board Members                                
    1,905   0.00   -   -   27,419   0.00   29,324   0.00
   Executive Officers                                
    -   -   -   -   17,198   0.00   17,198   0.00
Fiscal Council                                
    10   0.00   -   -   -   -   10   0.00
Treasury stock (1)                                
    483,114   0.10   -   -   1,483,200   0.27   1,966,314   0.19
Other stockholders (2)                                
    15,505,442   3.40   221,374   0.80   489,802,071   89.19   505,528,887   48.96
Total shares issued (3)                                
    455,390,699   100.00   27,958,016   100.00   549,205,405   100.00   1,032,554,120   100.00
Shares in circulation (2)   15,505,442   3.40   221,374   0.80   489,802,071   89.20   505,528,887   48.96

Notes:

(1)      Shares issued and repurchased by the Company.
 
(2)      Total shares issued, less treasury stock and shares held by members of the fiscal council, board of directors (including alternates), executive officers and controlling stockholders.
 
(3)      Total number of shares subscribed and issued by the Company.
 

45


FEDERAL PUBLIC SERVICE    
CVM - SECURITIES COMMISSION    
ANNUAL INFORMATION BULLETIN - IAN   12/31/2008

01.01 - IDENTIFICATION        
 1 - CVM CODE   2 - NAME OF THE COMPANY   3 - TAXPAYER Nº
 00043-4   Aracruz Celulose S.A.   42.157.511/0001-61

14.05 - CAPITAL EXPENDITURES PROJECTS

- Capital investments

In 2008 the capital investments made by Aracruz totaled almost one and a half billion Reais (R$ 1,427 million to be exact) — an amount fully 20% higher than 2007. The 2008 investments made by the Company were allocated as follows:

    R$ millions
Tree farming   332
Purchase of lands and forests   210
Other forestry investments   99
Current industrial investments   89
Barra do Riacho Unit optimization project   37
Guaíba Unit expansion projects   444
Veracel investments   134
Portocel investments   54
Other capital investments   28
Subtotal   1,427
Acquisition of company, net of cash acquired   73
Total   1,500

The Company’s growth plans have now been reappraised, leading to the postponement of expansion projects and thus reducing the forecast capital investments for the next few years.

Barra do Riacho Unit – The optimization project was concluded in 2008, increasing the unit’s pulp production capacity by 200 thousand tons, so that from hereon in the unit can turn out 2.33 million tons per year. As a result, it is expected that there will be a reduction in the cost of overall production to the tune of US$ 5/t (five dollars per ton) on account of economies of scale and reduction in consumption of raw materials.

Expansion of Guaíba Unit – On April 15, 2008, Aracruz announced that approval had been granted by its Board of Directors for the project to expand the Company’s Guaíba Unit, which is located in Brazil’s southern-most state, Rio Grande do Sul. Work actually got underway in the second half of 2008 but, due to the global economic crisis that directly affects the pulp market and the need to preserve the Company’s liquidity, the Board decided to temporarily suspend expansion of the unit. Even so, Aracruz is sticking with its intent to start up once again with this investment project as soon as market conditions justify it.

Expansion of Portocel - Portocel, which is a private terminal that belongs to Aracruz Celulose (51%) and Cenibra, began operating its third ship mooring berth in January, 2008. This step consolidated the expansion project for the terminal, the capacity of which was thus increased by 40%. This expansion project began in 2007 and involved the revamping of the terminal’s entire infrastructure, so as to adapt it to future challenges. The cargo handling capacity was increased by a whopping 11.4 million tons per year, so that now its annual handling capacity is 14 million tons.

46


FEDERAL PUBLIC SERVICE    
CVM - SECURITIES COMMISSION    
ANNUAL INFORMATION BULLETIN - IAN   12/31/2008

01.01 - IDENTIFICATION        
 1 - CVM CODE   2 - NAME OF THE COMPANY   3 - TAXPAYER Nº
 00043-4   Aracruz Celulose S.A.   42.157.511/0001-61

14.05 - CAPITAL EXPENDITURES PROJECTS

Veracel II Project - In 2008 the investment related to the purchase of lands and development of forests for expansion of the Veracel mill in Bahia totaled R$ 58 million (corresponding to Aracruz’s 50% share). Nevertheless, in conjunction with its partner in that venture, Stora Enso, the Company decided to postpone plans for expansion of the mill for at least one year.

New mill in Minas Gerais - Aracruz and the Government of the State of Minas Gerais signed a joint communiqué in July 2008, in the City of Governador Valadares, announcing installation of a Company processing unit in the region that would be capable of turning out as much as 1.4 million tons of pulp annually. However, in the second half of 2008, due to market conditions, Aracruz suspended the acquisition of lands and formation of forests for that project for the meantime.

Acquisition of Boise – Also in July 2008 the Company acquired the operations of Boise Cascade do Brasil Ltda. for the amount of US$ 47.1 million, thus incorporating 15.4 thousand hectares of land, of which 10.2 thousand hectares are planted with eucalyptus trees.

* * * * *

47


FEDERAL PUBLIC SERVICE    
CVM - SECURITIES COMMISSION    
ANNUAL INFORMATION BULLETIN - IAN   12/31/2008

01.01 - IDENTIFICATION        
 1 - CVM CODE   2 - NAME OF THE COMPANY   3 - TAXPAYER Nº
 00043-4   Aracruz Celulose S.A.   42.157.511/0001-61

15.01 - ENVIRONMENTAL MATTERS

ENVIRONMENTAL MONITORING

The Aracruz Environmental and Social Management system has now been fully implemented. It consists of Environmental and Social Action Committees, along with the Internal On-the-Job Accident Prevention Committees (CIPAS).

The Company’s project encompasses technologies that are compatible with national and international environmental legislation.

TREATMENT OF LIQUID EFFLUENTS

The system for treatment of liquid effluents at Aracruz consists of a primary system and a secondary system. The primary system is the first step of the treatment process. In this phase the liquid effluents are neutralized and fibers and other thick matter are removed.

The secondary system is made up of six ponds, four of which are aeration ponds and two of which are stabilization ponds. This system also features an emergency pond capable of retaining effluents for 12 hours of operation.

The volume of each pond is 200,000 m3 and the retention time for treatment is six days, in other words, one day for each pond.

Quality of the final effluent is broken down as follows:

Discharge of the treated effluents is carried out through an underwater interceptor, consisting of polypropylene pipelines, the length, diameter and thickness of which are approximately 2,500 m, 1,000 mm and 40 mm in the land portion (3 pipelines) and 1,100 m, 1,000 mm and 40 mm in the submerged portion (3 pipelines). At the end of the interceptor, submerged approximately 17 m, each one of the pipelines contains 70 100-mm dispersers spaced 4 m apart. The design of this system presumes minimum dilution of 1/140 (dilution factor of 140) in the launching zone. The conception of the design for treatment and discharge of effluents in the sea is a safer form, guaranteeing the quality of the marine ecosystem, as demonstrated in studies and annual monitoring of marine flora and fauna in the region.

TREATMENT OF GAS EFFLUENTS

Based on the same philosophy as the effluent treatment project, Aracruz has constantly sought to assure in its gas effluent project that all factors, chiefly as regards the environment, are duly taken into consideration to the highest possible degree. The following stages and equipment are involved in the gas treatment portion:

48


FEDERAL PUBLIC SERVICE    
CVM - SECURITIES COMMISSION    
ANNUAL INFORMATION BULLETIN - IAN   12/31/2008

01.01 - IDENTIFICATION        
 1 - CVM CODE   2 - NAME OF THE COMPANY   3 - TAXPAYER Nº
 00043-4   Aracruz Celulose S.A.   42.157.511/0001-61

15.01 - ENVIRONMENTAL MATTERS

In short, we can state that at Aracruz: 99% of the particle matter is removed and sent back to the process for reutilization and 98% of the odor-causing compost is eliminated through direct burning in the whitewash ovens and boilers, so that atmospheric emissions are minimized and meet applicable environmental legislation.

Environmental performance – Biodiversity and forestry

Reconciling economic development with the preservation of the environment is a key global challenge, which tends to increase with the steady rise in the population and consumption of consumer goods involving the use of natural resources.

As a result of this challenge, an important debate has ensued between total protection of biodiversity and sustainable use of natural resources, since it is from the forests that the main material for production of future medicines and food can be obtained.

49


FEDERAL PUBLIC SERVICE    
CVM - SECURITIES COMMISSION    
ANNUAL INFORMATION BULLETIN - IAN   12/31/2008

01.01 - IDENTIFICATION        
 1 - CVM CODE   2 - NAME OF THE COMPANY   3 - TAXPAYER Nº
 00043-4   Aracruz Celulose S.A.   42.157.511/0001-61

15.01 - ENVIRONMENTAL MATTERS

This issue is of the utmost importance to Aracruz, in that its business is intrinsically depended upon natural resources like water, soil and biodiversity.

There is a current of thinking that defends the proposition that the remaining areas of tropical rainforests should be fully preserved, left free of any human activity whatsoever. As far as some people are concerned, not even ecotourism should be allowed, thus leaving the forests completely isolated from human society, so that by means of their own mechanisms of environmental balance they can assure the preservation of all species.

The spread of economic activities, mainly agriculture and livestock-raising, into areas containing virgin forests is accused of being the chief element responsible for deforestation in Brazil.

Aracruz planted its first eucalyptus trees in the 1960’s. Our tree forests were established in the township of Aracruz, in the Southeastern Brazilian State of Espírito Santo, in areas that had for the most part already been cleared some time ago. By way of example, one of the areas purchased –measuring 8 thousand hectares – belonged to the local railroad and steel company known as Companhia Ferro e Aço de Vitória (Cofavi), which used the native timber harvested from the land to produce the charcoal that fed its blast furnaces.

Today Aracruz has 365.4 thousand hectares of land largely located in the Atlantic Rainforest, of which over one third (133.6 thousand hectares) are natural conservation areas. Biodiversity studies have shown that the conservation areas and the interspersed eucalyptus strands have permitted maintenance and development of several animal species that are endemic to the Atlantic Rainforest.

We are conscious of the fact that a portion of the community takes the view that tracts of eucalyptus forests are not at all diverse. Even so, we consider that the biodiversity of eucalyptus strands cannot be compared with that of native forests, which they do not intend to substitute, but rather with the other types of plants that society needs for its comfort and well-being. Eucalyptus trees provide an alternative source of wood for a plethora of final uses, decreasing the pressure on the native forests and contributing to keeping people on the land rather than saturating overpopulated urban areas.

Aracruz condemns the use of wood illegally cut from trees for any purpose, and defends the position that the remaining portions of the Atlantic Rainforest should be preserved and, whenever possible, recovered, so as to create or expand the connectivity between the remaining forest fragments.

Atlantic Rainforest and the environment, in 1993 Aracruz began the Micro-Watershed Project, which involved carrying out environmental monitoring of the complete eucalyptus tree farming cycle and studying the relationship between these plants and the native thickets and local fauna through the year 2005. Data regarding biodiversity, the hydrological cycle of eucalyptus and soil conditions was gathered on an ongoing basis, monitored and classified.

50


FEDERAL PUBLIC SERVICE    
CVM - SECURITIES COMMISSION    
ANNUAL INFORMATION BULLETIN - IAN   12/31/2008

01.01 - IDENTIFICATION        
 1 - CVM CODE   2 - NAME OF THE COMPANY   3 - TAXPAYER Nº
 00043-4   Aracruz Celulose S.A.   42.157.511/0001-61

15.01 - ENVIRONMENTAL MATTERS

With the results obtained in the studies and monitoring work conducted in 2008 in different areas of the Company, it has been possible to analyze the data on biodiversity at Aracruz, highlighted by the information on birds. Since 1989, no less than 136 thousand birds have been recorded – including capture, census-taking, surveys through trans-sections and observations – belonging to 67 families and 588 distinct species. This total includes 79 species already identified as potentially endangered, according to the list compiled by the Brazilian Environmental Institute (Ibama), the State Environmental Institute (Iema-ES), the State Environmental Secretariat (Sema-RS) and the International Union for the Conservation of Nature (IUCN). Approximately 13.3 thousand birds have already been tagged with numbered bands for generation of information on their permanence in and/or shift away from areas belonging to the Company.

The studies underway have further permitted consolidation of parameters regarding the effectiveness of connecting corridors between native forest areas, generating inputs for more assertive implementation of this stewardship option. The Company’s permanent preservation areas play a fundamental role in the connectivity of isolated fragments of forests, which underscores their importance for conservation of the groups evaluated. It has also been evidenced that vegetation in its initial stage is functional from the standpoint of connectivity, even though it does not sustain all the populations of the forest bird species studied.

Another highlight of the studies in 2008 was the population estimate conducted for Brazil’s most threatened hummingbird species Glaucis dohrnii (hook-billed hermit). Twelve new individual birds were tagged during the year, bringing the total to 33 so marked with numbered bands since 2004. This is the largest recorded number for the species in the entire Atlantic Rainforest, allowing us to estimate the existence of a local population of around 170 individuals, which is highly significant for preservation of the species. The data compiled from the studies and tracking work performed attest that the model of forest stewardship adopted by the Company has permitted maintenance of the communities of birds in the areas studied.

Also developed in 2008 was a customized software program termed the Aracruz BioIndex, which permits statistical analyses to be conducted of diversity indices related to the Company’s tree plantations and areas of natural vegetation. This new tool performs complex calculations that could not be performed manually and allows us to have an integrated and comparative overview of the situation of the production areas with respect to several aspects: the diversity of planted genetic matter, the age of the plants, the type, size and configuration of the natural areas and the availability of water. With just spot field checks alone or isolated use of certain indicators it would not be possible to achieve an integrated overall view of the actual situation in the field, which shows the importance of the BioIndex as a decision-making support tool capable of pointing out opportunities for enhancements in the forest stewardship program adopted by the Company.

  Fines of an environmental nature

Barra do Riacho Unit

This unit was not subject to any environmental assessment or fine during the year.

51


FEDERAL PUBLIC SERVICE    
CVM - SECURITIES COMMISSION    
ANNUAL INFORMATION BULLETIN - IAN   12/31/2008

01.01 - IDENTIFICATION        
 1 - CVM CODE   2 - NAME OF THE COMPANY   3 - TAXPAYER Nº
 00043-4   Aracruz Celulose S.A.   42.157.511/0001-61

15.01 - ENVIRONMENTAL MATTERS

  Guaíba Unit

In 2005 this unit was served notice of an environmental fine in the amount of R$ 15,000.00 (fifteen thousand Reais), levied by the State Environmental Protection Foundation (Fepam), relating to the emission of TRS (reduced sulfur components) beyond the established limits. Aracruz filed an appeal, reporting spot problems that cropped up in sources of TRS emissions that did not entail exceeding the limits established in the sum total of the sources, as well as problems in the electrostatic precipitator installed in 2005 that did not perform as guaranteed by the supplier. A plan to adapt the sources to more adequate standards was proposed by the Company and agreed to with Fepam.

  Caravelas Terminal

A sanitary assessment notice was served on the Caravelas Terminal in 2006. The parameter for drinking water (quantity of fecal coliforms) at the Terminal was higher than the legally permitted limit according to the sample taken. Aracruz identified the cause of this deviation from established standards and took the steps required to remedy the problem by replacing the chlorine dosing machine.

* * *

52


FEDERAL PUBLIC SERVICE    
CVM - SECURITIES COMMISSION    
ANNUAL INFORMATION BULLETIN - IAN   12/31/2008

01.01 - IDENTIFICATION        
 1 - CVM CODE   2 - NAME OF THE COMPANY   3 - TAXPAYER Nº
 00043-4   Aracruz Celulose S.A.   42.157.511/0001-61

16.01 - LAWSUITS WITH HIGH VALUE TO 5% OF THE EQUITY OR OF THE NET PROFIT

1 -ITEM   2 - DESCRIPTION   3 - % NET EQUITY   4 - % NET PROFIT   5 - PROVISION   6 - VALUE (IN REAIS 000)
01   LABOR DISPUTE                1.57   0.00   YES   14,893
02   TRIBUTARY / FISCAL                4.52   0.00   YES   427,906
03   OTHER                0   0   NO   0

53


FEDERAL PUBLIC SERVICE    
CVM - SECURITIES COMMISSION    
ANNUAL INFORMATION BULLETIN - IAN   12/31/2008

01.01 - IDENTIFICATION        
 1 - CVM CODE   2 - NAME OF THE COMPANY   3 - TAXPAYER Nº
 00043-4   Aracruz Celulose S.A.   42.157.511/0001-61

54


FEDERAL PUBLIC SERVICE    
CVM - SECURITIES COMMISSION    
ANNUAL INFORMATION BULLETIN - IAN   12/31/2008

01.01 - IDENTIFICATION        
 1 - CVM CODE   2 - NAME OF THE COMPANY   3 - TAXPAYER Nº
 00043-4   Aracruz Celulose S.A.   42.157.511/0001-61

17.01 - TRANSACTIONS WITH RELATED PARTIES

Transactions between the Company and its subsidiaries, jointly-owned subsidiary and associated company, such as purchases and sales of products, purchases of raw materials and contracting of services, are eliminated upon consolidation. Financial transactions, such as intercompany loans and prepayment contracts, bear interest rates of LIBOR + 1% p.a. plus exchange rate changes and are also eliminated in the consolidation process.

  (a) Subsidiary / Associated Companies

55


FEDERAL PUBLIC SERVICE    
CVM - SECURITIES COMMISSION    
ANNUAL INFORMATION BULLETIN - IAN   12/31/2008

01.01 - IDENTIFICATION        
 1 - CVM CODE   2 - NAME OF THE COMPANY   3 - TAXPAYER Nº
 00043-4   Aracruz Celulose S.A.   42.157.511/0001-61

18.01 - COMPANY BYLAWS

CHAPTER I

LEGAL NAME, OBJECT, REGISTERED OFFICES AND DURATION

Article 1:   ARACRUZ CELULOSE S.A. (a joint stock corporation under Brazilian law) is
    governed by these Bylaws and applicable Brazilian legislation.
Article 2:   The Company’s corporate object is forestry, reforestation, processing and sale of
    forest products, exploration of renewable sources of energy and the performance of
    industrial, commercial, agricultural and livestock raising activities, to such end
    being empowered to:
    I - hold stakes in any form in other companies, by decision of the Board of
      Directors, at the proposal of the Executive Officers Committee.
    II - engage in any activities and perform any services directly and indirectly
      related to its principal activities, including importation and exportation.
Article 3:   The Company’s registered offices and tax domicile are in the Municipality of
    Aracruz, State of Espírito Santo, Federal Republic of Brazil, and it may, by decision
    of the Executive Officers Committee, create offices and other establishments in
    Brazil and, by decision of the Board of Directors, through a Proposal of the
    Executive Officers Committee, offices and other establishments outside of Brazil.
Article 4:   The Company’s duration is perpetuity.
CHAPTER II
CAPITAL STOCK AND SHARES
Article 5:   The Company’s subscribed capital stock is R$ 2,871,781,288.11 (two billion, eight
    hundred and seventy-one million, seven hundred and eighty-one thousand,
    two hundred and eighty-eight Reais and eleven centavos), divided into 1,032,554,120
    (one billion, thirty-two million, five hundred and fifty-four thousand and one hundred
    and twenty) registered shares, without par value, of which 455,390,699 (four
    hundred and fifty-five million, three hundred and ninety thousand, six hundred and
    ninety-nine) are common shares and 577,163,421 (five hundred and seventy-seven
    million, one hundred and sixty-three thousand and four hundred and twenty-one) are
    class 'A' and class 'B' preferred shares.

   
  Paragraph 1 -   The subscribed capital stock may be increased up to the limit of
      R$ 5,000,000,000.00 (five billion Reais), irrespective of any
      amendment to these Bylaws, by decision of the Board of
      Directors, at the suggestion of the Executive Officers Committee,
      except in the case of share subscription for realization in the form
      of assets, which will depend on the approval of the General
      Meeting of Stockholders.

56


FEDERAL PUBLIC SERVICE    
CVM - SECURITIES COMMISSION    
ANNUAL INFORMATION BULLETIN - IAN   12/31/2008

01.01 - IDENTIFICATION        
 1 - CVM CODE   2 - NAME OF THE COMPANY   3 - TAXPAYER Nº
 00043-4   Aracruz Celulose S.A.   42.157.511/0001-61

18.01 - COMPANY BYLAWS

Paragraph 2 -   Capital increases may take place without respecting the
    previously existing proportion among the types and classes of
    shares.
Paragraph 3 -   It will be up to the General Meeting of Stockholders to decide on the matter covered by the previous paragraph.
Paragraph 4 -   The number of preferred shares without voting rights or subject
    to restrictions in the exercise of such rights may not exceed 2/3
    (two thirds) of the total number of shares issued, with due heed
    being paid to the special provisions of legislation applicable to
    tax incentives.
Paragraph 5 -   Share splits shall always be carried out in the same type and
    class of shares split; capital increases resulting from
    capitalization of the reserve resulting from monetary restatement
    of the paid-in capital shall be carried out without modification of
    the number of shares issued; distribution of new shares resulting
    from a capital increase carried out through capitalization of
    earnings and reserves other than the one referred to above shall
    be carried out, in relation to the common shares, by distribution
    of shares of the same type and, in relation to the preferred
    shares, by distribution of class ‘B” preferred shares.

Article 6:   Each common share of capital stock vests the right to 1 (one) vote in the decisions
    of the General Meeting of Stockholders.
Article 7:   The preferred shares do not vest voting rights, though they are assured the receipt of
    a dividend that is 10% (ten per cent) higher than that attributed to each common
    share and priority in reimbursement of capita in the event of dissolution of the Company.
     
    Paragraph 1 - Without prejudice to the provisions contained in the heading of
      this Article, class A preferred shares will have priority in
      receiving a minimum dividend of 6% (six per cent) per year,
      calculated on the amount of capital stock represented by this
      class of share and divided among them in equal parts.
    Paragraph 2 - The class B preferred shares, although being entitled to
      receiving the dividend calculated in conformity with the
      provision in the heading of this Article, do not have priority in
      receiving dividends.
    Paragraph 3 - The class A preferred shares may be converted into class B
      preferred shares, with the cost of conversion being covered by
      the interested stockholder.

57


FEDERAL PUBLIC SERVICE    
CVM - SECURITIES COMMISSION    
ANNUAL INFORMATION BULLETIN - IAN   12/31/2008

01.01 - IDENTIFICATION        
 1 - CVM CODE   2 - NAME OF THE COMPANY   3 - TAXPAYER Nº
 00043-4   Aracruz Celulose S.A.   42.157.511/0001-61

18.01 - COMPANY BYLAWS

Article 8:   The shares of the Company’s capital stock may be maintained in a deposit account,
    in the name of their respective owners, without issue of stock certificates, at a
    reputable financial institution bearing the credentials of the Brazilian Securities
    Commission (CVM), as chosen by the Executive Officers Committee after hearing
    the advisory opinion of the Board of Directors.
    Sole paragraph: The interested stockholders will be responsible for covering
      the cost of the services of transfer of ownership of the
      register shares, with due heed being paid to the maximum
limits set by the CVM.
Article 9:   Each class of shares will have its own numbering.
Article 10:   The stock certificates shall always be signed by 2 (two) Executive Officers, with the
    Company being empowered to issue multiple securities and certificates.
Article 11:   In the increases in the subscribed capital stock, the stockholders will be ensured the
    right of preference to subscribe to the shares, in the manner provided by law, for a
    period of not less than 30 (thirty) days.
    Paragraph 1 - The period of 30 (thirty) days covered by this Article shall be
      counted as from the publication of the call to subscription in
      the Official State Gazette (DOE).
    Paragraph 2 - A stockholder that does not make payment of the installments
      corresponding to the shares as prescribed in the subscription
      bulletin or upon call to do so, shall be considered in default, in
      the manner provided by law, hence being subject to the
      payment of interest of l2% (twelve per cent) per year, as well
      as monetary restatement and a fine of l0% (ten per cent) of the
amount of the installment.

CHAPTER III

GENERAL MEETING OF STOCKHOLDERS

 
Article 12:   The General Meeting of Stockholders shall be held annually (AGM), on or before
    the 30th day of April each year, and extraordinarily (EGM), whenever Company
    interest so requires.  
    Sole paragraph - The General Meeting of Stockholders shall be presided
      over by the Chairman of the Board of Directors, who will
      choose one ore more Secretaries from among the
      stockholders present at the meeting.
Article 13:   The General Meeting of Stockholders shall set the total amount for remuneration of
    the members of the Board of Directors and Executive Officers Committee.
    Sole paragraph - The apportionment of the remuneration among the
      administrators shall be set by the Board of Directors.

58


FEDERAL PUBLIC SERVICE    
CVM - SECURITIES COMMISSION    
ANNUAL INFORMATION BULLETIN - IAN   12/31/2008

01.01 - IDENTIFICATION        
 1 - CVM CODE   2 - NAME OF THE COMPANY   3 - TAXPAYER Nº
 00043-4   Aracruz Celulose S.A.   42.157.511/0001-61

18.01 - COMPANY BYLAWS

CHAPTER IV

COMPANY MANAGEMENT

 
Article 14: The Company is to be administered by a Board of Directors and an Executive
  Officers Committee.  
  Sole paragraph - Up to a maximum of 1/3 (one third) of the members of the
    Board of Directors may also be appointed to positions as Executive Officers.

SECTION I

BOARD OF DIRECTORS

Article 15: The Board of Directors shall be made up of at least 5 (five) and no more than 9
  (nine) members, one of whom shall serve as Chairman; the board members must be
  stockholders residing in Brazil and they are to be appointed by the General Meeting
  of Stockholders for a term of office lasting 3 (three) years, with re-election being
  permitted; they shall remain in office until such time as their successors are sworn in.
     
  Paragraph 1 - Any Board Member may submit to the approval of the General
    Meeting of Stockholders the nomination of an alternate for the
    purpose of replacing him or her in the sessions of the Board of
    Directors.
  Paragraph 2 - The Board Members shall take office by signing the
    appropriate entry in the Minutes of the Meetings of the Board
    of Directors.
  Paragraph 3 - Once they take office, the Board of Directors shall elect from
    among their members the 1st and 2nd Vice-Presidents, who in
    such order shall replace the Chairman in the event of the
    latter’s occasional absence or impediment.
  Paragraph 4 - Whenever it deems necessary, the Board of Directors may
    create Committees with the functions of serving as advisory
    and instruction panels for matters in which they are
    specialized.
  Paragraph 5 - The Committees mentioned in Paragraph 4 above may operate
    on a part- or full-time basis and, in addition to the members of
    the Board, may also be comprised of any members of the
    Executive Officers Committee and such other persons as are
    invited to participate for this purpose.

59


FEDERAL PUBLIC SERVICE    
CVM - SECURITIES COMMISSION    
ANNUAL INFORMATION BULLETIN - IAN   12/31/2008

01.01 - IDENTIFICATION        
 1 - CVM CODE   2 - NAME OF THE COMPANY   3 - TAXPAYER Nº
 00043-4   Aracruz Celulose S.A.   42.157.511/0001-61

18.01 - COMPANY BYLAWS

 
Article 16:   The Board of Directors is responsible for:
    I - setting the general guidelines for the Company’s business operations and
      formulating the respective economic-financial policies;
    II - appointing and dismissing the Executive Officers and, at the proposal of
      the President and Chief Executive Officer (CEO), setting their respective
      powers and duties;
    III - inspecting the managerial activities of the Executive Officers, examining
      the Company’s books and papers at any time, requesting information
      regarding contracts and agreements signed or in the process of being
      signed, as well as any other acts;
    IV - calling the General Meeting of Stockholders;
    V - expressing their opinion on the Report of Management and the accounts prepared by the Executive Officers Committee;
    VI - deciding on increases in the Company’s capital stock and resulting issue
      of shares, setting the issue price, provided that the limit of the authorized
      capital stock is observed, except in the case of the provision regarding
      the decision-making process contained in Article 5, Paragraph 3 of these
      Bylaws;
    VII - authorizing the sale, mortgage or any other form of encumbrance of the
      Company’s permanent assets (fixed assets and investments) and posting
      of guarantees for third party obligations, except in the case of personal
      guarantees in favor of the Company’s own subsidiaries, which shall not
      depend upon prior authorization;
    VIII - choosing and dismissing independent auditors;
    IX - orienting and advising the Executive Officers Committee in all matters
      of interest to the Company;
    X - following up on the carrying out of the Company’s transactions, for the
      purpose of seeing whether the decisions of the General Meeting of
      Stockholders and the Board of Directors itself are being respected;
    XI - approving the Company’s plans, programs and financial and investment budgets;
     
    XII - approving the guidelines to be observed by the Company’s
      representatives in the General Meetings of Shareholders of the
      subsidiary and associated companies or others in which it holds stakes;
    XIII - approving in advance and contracts or agreements to be signed between the Company and its stockholders;
     

60


FEDERAL PUBLIC SERVICE    
CVM - SECURITIES COMMISSION    
ANNUAL INFORMATION BULLETIN - IAN   12/31/2008

01.01 - IDENTIFICATION        
 1 - CVM CODE   2 - NAME OF THE COMPANY   3 - TAXPAYER Nº
 00043-4   Aracruz Celulose S.A.   42.157.511/0001-61

18.01 - COMPANY BYLAWS

    XIV - authorizing the acquisition of shares issued by the Company itself, for
      purposes of cancellation or maintenance as treasury stock, as well as
      subsequent disposal thereof;
    XV - deciding on the issuance of promissory notes and/or other such
      commercial paper;
    XVI - approving the guidelines to be observed by the members appointed by
      the Company to the boards of directors or other management bodies at
      companies in which the Company has a share in control without holding
      it separately, associated companies or others in which it holds stakes,
      with respect to relevant issues such as, but not limited to, the
      appointment of administrators, participation in other companies,
      negotiation of equity stakes, increase in the capital stock or authorized
      capital, approval of business plans and alterations thereto, amendments
      to bylaws, issuance of securities, sale or encumbrance of fixed assets,
      contracts or agreements with related parties and investments in new
      production capacities.
    XVII - With respect to a company in which the Company shares control without
      holding it separately, the provision contained in the final part of item VII
      of this Article shall not apply, and prior authorization of the Board of
      Directors will be required to provide any guarantees, either personal or
      in the form of a mortgage.
Article 17:   The Board of Directors shall meet whenever the Company’s corporate interests so
    require, upon call of the Chairman, Vice-Chairman exercising the Board
    Chairmanship or at least 3 (three) Board Members. Board resolutions shall be
    approved by majority of votes, with the presence of more than half of the Board
    Members.    
    Paragraph 1 -   Meetings of the Board of Directors shall be called by either letter
          or telegram with at least (five) days’ advance notice.
    Paragraph 2 -   Whenever called upon, the Executive Officers shall assist meetings of the Board of Directors.
    Paragraph 3 -   The Chairman may invite another Board Member to serve as
          Secretary for the meeting.
Article 18:   In case a Board Member’s position becomes vacant, their respective alternate shall
    be called upon to replace them and, in the absence of such an alternate, another
    alternate shall be chosen by the other Board Members and exercise the respective
    functions of the person replaced until such time as the first General Meeting of
    Stockholders is held after such a situation occurs.
Sole paragraph -   The successor Board Members shall fill out the term of Office of
          the respective persons they replaced.

61


FEDERAL PUBLIC SERVICE    
CVM - SECURITIES COMMISSION    
ANNUAL INFORMATION BULLETIN - IAN   12/31/2008

01.01 - IDENTIFICATION        
 1 - CVM CODE   2 - NAME OF THE COMPANY   3 - TAXPAYER Nº
 00043-4   Aracruz Celulose S.A.   42.157.511/0001-61

18.01 - COMPANY BYLAWS

Article 19:   The Board Chairman or Vice-Chairman exercising the Chairmanship shall be
    responsible for:
    1.   presiding over General Meetings of Stockholders;
    2.   calling and chairing meetings of the Board of Directors;
    3.   supervising the Board’s administrative services; and
    4.   organizing and supervising distribution of the order of business for each
        meeting, as well as such information as is required to appropriately inform
        the Board Members, at least 5 (five) business days prior to the date of each
        meeting.

SECTION II
EXECUTIVE OFFICERS COMMITTEE
   
Article 20:   The Executive Officers Committee shall be made up of at least 2 (two) and no
    more than 8 (eight) members who may or may not be stockholders, though they
    must be Brazilian residents, one being the President & CEO and the others
    Executive Officers, one of whom, if thus designated in advanced by the Board of
    Directors, may hold the title of Vice-President and, without prejudice to his
    permanent powers and duties, will also have the function of replacing the President
    & CEO in case of the latter’s temporary impediments and succeed same in case of
    vacancy, until such time as the Board of Directors appoints a replacement to fill
    out the remaining term of office of the replaced President.
    Paragraph 1 - The members of the Executive Officers Committee shall be
      appointed by the Board of Directors for terms of office lasting
      3 (three) years and shall remain in office until such time as
      their successors take office, with re-appointment being
      permitted.
    Paragraph 2 - The Executive Officers shall take office by signing their
      respective oaths in the book of Minutes of the Meetings of the
      Executive Officers Committee.
Article 21:   Provided that the directives and decisions of the Board of Directors and the
    General Meeting of Stockholders are complied with, the Executive Officers
    Committee shall have broad powers of administration and management over the
    Company’s business affairs, being empowered to engage in any and all acts and
    carry out all operations that are related to achievement of the Company objectives.
    Sole paragraph - Without prejudice to the provisions contained in item VII
      of Article l6 of these Bylaws, the Executive Officers
      Committee by collective decision may authorize the sale of
      chattel goods and equipment that have become unusable,
             unnecessary or obsolete.

62


FEDERAL PUBLIC SERVICE    
CVM - SECURITIES COMMISSION    
ANNUAL INFORMATION BULLETIN - IAN   12/31/2008

01.01 - IDENTIFICATION        
 1 - CVM CODE   2 - NAME OF THE COMPANY   3 - TAXPAYER Nº
 00043-4   Aracruz Celulose S.A.   42.157.511/0001-61

18.01 - COMPANY BYLAWS

Article 22:   The President & CEO is responsible for executive direction of the Company, thus
    being empowered to organize, coordinate and supervise the activities of the other
    Executive Officers to ensure that the decisions and directives set by the General
    Meeting of Stockholders and Board of Directors are faithfully observed and
    carried out.
     Paragraph 1 - Further, the President & CEO is specifically responsible for:
 
    I - calling and presiding over meetings of the Executive Officers Committee;
    II - keeping the Board of Directors informed about the Company’s activities.
 
    Paragraph 2 - The other members of the Executive Officers Committee shall
      have the powers and duties established for them by the Board of
      Directors at the proposal of the President & CEO.

Article 23:   Provided that the provisions contained in item I of Article 2 and items VII and XIII
    to XV of Article 16 of these Bylaws are adhered to, the members of the Executive
    Officers Committee, always acting in pairs, are empowered to actively and
    passively represent the Company in and out of court, including as regards the sale
    or encumbrance of permanent assets and discharge of the obligations of third
    parties with respect to the Company.
 
    Paragraph 1 - In order to engage in legal acts in general the Company may also
      be represented by 1 (one) Officer and 1 (one) attorney or 2 (two) attorneys with special powers.
    Paragraph 2 - The power of attorney instruments are to bear the signatures of 2
      (two) Executive Officers, specify the powers granted, except in
      the case of those containing an “ad judicia” clause, and be valid for no more than 1 (one) year.
    Paragraph 3 - The Company may be represented by 1 (one) single Officer or 1
      (one) single attorney with specific powers for acts involving
      representation before federal, state and municipal public agencies,
      quasi-autonomous bodies (“autarchies”), state-owned enterprises,
      mixed economy companies (part state-owned, part publicly
      traded), utility companies holding concessions and permits to
      provide public services; acts that do not entail creation of an
      obligation for the Company or discharge of third party obligations
      with respect to the Company; acts required to comply with tax and
      Social Security obligation; those for preservation of its rights in
      administrative or any other kind of case; endorsement of checks
      for credit in Company bank accounts; acts required to run current
      bank accounts for making purchases involving small amounts, up
      to the limit equivalent to 3 (three) minimum salaries; and acts
      relating to relations with employees.

63


FEDERAL PUBLIC SERVICE    
CVM - SECURITIES COMMISSION    
ANNUAL INFORMATION BULLETIN - IAN   12/31/2008

01.01 - IDENTIFICATION        
 1 - CVM CODE   2 - NAME OF THE COMPANY   3 - TAXPAYER Nº
 00043-4   Aracruz Celulose S.A.   42.157.511/0001-61

18.01 - COMPANY BYLAWSS

Paragraph 4 -   In order to carry out acts outside of the jurisdiction of its
    registered offices and tax venue, as authorized in the manner
    provided in these Bylaws, the Company may be represented
    by 1 (one) single Officer or by 1 (one) single attorney with
    express powers to carry out the specific act in question,
    with such representative being appointed by collective
    decision of the Executive Officers Committee.

 
Article 24: In the case of vacancy of the position of a member of the Executive Officers
  Committee, the Board of Directors shall appoint a replacement to full out the term
  of the office of the substituted officer.
  Sole paragraph - Except for the provisions contained in Article 20, in the
    absences and temporary impediments of any Officer, he is
    to be replaced by the President & CEO or by such other
    Officer as he appoints. The replacements appointed in the
    manner prescribed by this sole paragraph shall exercise
    their functions on a cumulative basis together with those of
    the substituted Officer until such time as the latter takes
    over the position once again.

Article 25: The Executive Officers Committee shall meet whenever required by the interests
  of the Company, either at the registered offices or at a place indicated in the call to
  meeting, with the presence of the President & CEO or Vice-President being
  mandatory. The decisions, as recorded in the minutes of the meeting, shall be
  made by absolute majority of the votes of the members present, with the President
  & CEO or Vice-President having the tie breaking vote beside their individual vote.

CHAPTER V

FISCAL COUNCIL

Article 26: The Company shall have a permanently operating Fiscal Council made up of from
  3 (three) to 5 (five) full members and an equal number of alternates, and its
  functioning shall be governed by the applicable legal provisions.

CHAPTER VI

CORPORATE YEAR

Article 27: The Company’s corporate year shall coincide with the calendar year. The annual
  balance sheet shall be drawn up on December 31 of each year, with adherence to
  applicable legal provisions, and the following amounts shall be deducted from the
  net income accrued, after the provisions, amortization and depreciation determined
  or permitted by law:
  I - five per cent (5%) for setting up the legal reserve fund, until such time as it
    reaches 20% (twenty per cent) of the capital stock;

64


FEDERAL PUBLIC SERVICE    
CVM - SECURITIES COMMISSION    
ANNUAL INFORMATION BULLETIN - IAN   12/31/2008

01.01 - IDENTIFICATION        
 1 - CVM CODE   2 - NAME OF THE COMPANY   3 - TAXPAYER Nº
 00043-4   Aracruz Celulose S.A.   42.157.511/0001-61

18.01 - COMPANY BYLAWS

  II - twenty-five per cent (25%), at least, for payment of the mandatory minimum
  dividend to the stockholders, as calculated based on the net income for the
    year, adjusted in the manner provided by law and with due heed being paid to
  the priority assured to the preferred shares.

    Paragraph 1 -   The remaining balance is to be appropriated in the manner
        decided by the General Meeting of Stockholders, as proposed
        by the Board of Directors, with the advice of the Fiscal
        Council also being heard if it is functioning.
    Paragraph 2 -   The Board of Directors may determine the drawing up of
        interim balance sheet on a semi-annual basis or for shorter
        periods, as well as distribution of intermediary dividends to
        the charged to the accrued income, retained earnings or
         revenue reserve accounts already set up.
CHAPTER VII
GENERAL PROVISIONS
Article 28:   In order to qualify for being observed by the Company, shareholders agreements
    are to be kept on file at the registered offices and may, at the initiative of the
    interested parties, be annotated in the respective record books and on the share
    certificates.    
Article 29:   The Company shall maintain a permanent Technological Research and
    Development body, funded by specific budgetary resources according to annual or
    multi-year programs.
Article 30:   The Company shall maintain a social assistance service for its employees, funded
    by specific budgetary resources according to annual or multi-year programs.
Article 31:   The Company shall be liquidated in the cases provided by law or by decision of
    the General Meeting of Stockholders.
    Sole paragraph -   It shall be the responsibility of the General Meeting of
        Stockholders to establish the manner of liquidation and
        that of the Board of Directors, which shall be maintained,
        to appoint a liquidator. The functioning of the Fiscal
        Council shall depend on the request of the stockholders, in
                 the manner provided by law.

65


FEDERAL PUBLIC SERVICE    
CVM - SECURITIES COMMISSION    
ANNUAL INFORMATION BULLETIN - IAN   12/31/2008

01.01 - IDENTIFICATION        
 1 - CVM CODE   2 - NAME OF THE COMPANY   3 - TAXPAYER Nº
 00043-4   Aracruz Celulose S.A.   42.157.511/0001-61

18.01 - COMPANY BYLAWS

CHAPTER VIII

TRANSITORY PROVISIONS

Article 32:   In the manner prescribed by Article 172 of the Brazilian Corporation Law
    (No. 6.404/76 of December 15, 1976, the preference rights assured to the
    stockholders under Article 11 of these Bylaws shall not apply to the capital
    increase to be carried out in 1992 through public subscription in Brazil and
    simultaneous issuance of American Depository Receipts (ADR) overseas, nor to
    the subsequent additional increase that was carried out to cover the exercise of the
    option to be granted to the underwriters of such increase, according to normal
    international market practices, in the amount of not more 15% (fifteen per cent) of
    the respective amount.
Article 33:   The power to make the decision dealt with in the above article, as well as to carry
    out the other acts required to make the capital increases mentioned therein
    effective, shall be that of Board of Directors, in the manner provided by Article 16,
    item VI, of these Bylaws, and such capital increases may be made irrespective of
    the previously existing ratios between the different types and classes of shares,
    with the provisions contained in Article 5, Paragraph 3, not applying to such
    capital increases.  
Article 34:   In order to comply with the provisions contained in CVM Guideline Opinion
    No. 35 of September 1, 2008, the Company has set up on a transitory basis an
    Independent Special Committee solely and exclusively to analyze the terms and
    conditions for the operation of incorporation of the Company-issued shares by
    Votorantim Celulose e Papel S.A. and to submit its recommendations to the
    Aracruz Board of Directors, with due heed being paid to the guidelines set out in
    the cited Guideline Opinion.
    Paragraph 1 - The Independent Special Committee will be made up of 3
      (three) members designated by the Board of Directors; all the
      committee members will be independent parties and not
      Company administrators; they will have to have well-known
      experience and technical capacity and will be subject to the
      same legal duties and responsibilities as the administrators (cf.
      Article 160 of Law No. 6.404/76 – the Brazilian Corporation
      Law).
    Paragraph 2 - The Independent Special Committee shall not have executive
      functions or be any sort of decision-making body; its opinions,
      proposals or recommendations shall be forwarded to the Board
of Directors for decision.
    Paragraph 3 - It will be up to the Board of Directors to set the remuneration
      of the members of the Independent Special Committee.

Checks with the original; extracted from the appropriate document.

José Luiz Braga
Secretary

66


FEDERAL PUBLIC SERVICE    
CVM - SECURITIES COMMISSION    
ANNUAL INFORMATION BULLETIN - IAN   12/31/2008

01.01 - IDENTIFICATION        
 1 - CVM CODE   2 - NAME OF THE COMPANY   3 - TAXPAYER Nº
 00043-4   Aracruz Celulose S.A.   42.157.511/0001-61

19.0- SUBSIDIARIES

Aracruz Trading S.A.

19.06 .01- BALANCE SHEET – ASSET– THOUSAND OF R$   000

1 – CODE   2 – DESCRIPTION 3 – DATE – 12/31/2008     4 – DATE – 12/31/2007    5 – DATE – 12/31/2006  
1   TOTAL ASSETS 316   292   348
1.1   CURRENT ASSETS 316   292   348
1.1.1   CASH AND CASH EQUIVALENTS 316   292   348
1.1.1.1   BOX AND BANKS 316   292   241
1.1.1.2   FINANCIAL APPLICATIONS 0   0   107
1.1.2   CREDITS 0   0   0
1.1.3   INVENTORIES 0   0   0
1.1.4   OTHERS 0   0   0
1.2   CURRENT NOT ASSETS 0   0   0
1.2.1   LONG-TERM ASSETS 0   0   0
1.2.1.1   CREDITS 0   0   0
1.2.1.2   ACCOUNTS RECEIVABLE – RELATED PARTIES 0   0   0
1.2.1.2.1   FROM AFFILIATES 0   0   0
1.2.1.2.2   FROM SUBSIDIARIES 0   0   0
1.2.1.3   OTHERS 0   0   0
1.2.2   FIXED ASSETS 0   0   0
1.2.2.1   INVESTMENTS 0   0   0
1.2.2.1.1   IN AFFILIATES 0   0   0
1.2.2.1.2   IN SUBSIDIARIES 0   0   0
1.2.2.2   PROPERTY, PLANT AND EQUIPMENT 0   0   0
1.2.2.4   DEFERRED CHARGES 0   0   0

67


 FEDERAL PUBLIC SERVICE        
 CVM - SECURITIES COMMISSION        
 ANNUAL INFORMATION BULLETIN - IAN                                12/31/2008
01.01 - IDENTIFICATION        
 1 - CVM CODE   2 - NAME OF THE COMPANY   3 - TAXPAYER Nº
 00043-4   Aracruz Celulose S.A.   42.157.511/0001-61

19.0 - SUBSIDIARIES

Aracruz Trading S.A.

19.06.02 – - BALANCE SHEET – LIABILITY– THOUSAND OF R$

1 – CODE   2 – DESCRIPTION   3 – DATE – 12/31/2008   4 – DATE – 12/31/2007   5 – DATE – 12/31/2006
2   TOTAL LIABILITIES   316     292     348  
2.1   CURRENT LIABILITIES   0     0     8  
2.1.1   LOANS AND FINANCING   0     0     0  
2.1.2   DEBENTURES   0     0     0  
2.1.3   SUPPLIERS   0     (6 )   (6 )
2.1.4   TAXES   0     0     0  
2.1.5   DIVIDENDS PAYABLE   0     0     0  
2.1.6   PROVISIONS   0     0     0  
2.1.7   LOANS FROM RELATED PARTIES         14     14  
2.1.8   OTHERS   0     0     0  
2.2   LONG-TERM LIABILITIES   0     0     0  
2.2.1   LOANS AND FINANCING   0     0     0  
2.2.2   DEBENTURES   0     0     0  
2.2.3   PROVISION   0     0     0  
2.2.4   LOANS FROM RELATED PARTIES   0     0     0  
2.2.5   OTHERS   0     0     0  
2.4   STOCKHOLDER’S EQUITY   316     292     348  
2.4.1   PAID-IN CAPITAL   227     173     208  
2.4.2   CAPITAL RESERVES   0     0     0  
2.4.3   REVALUATION RESERVE   0     0     0  
2.4.3.1   OWN ASSETS   0     0     0  
2.4.3.2   SUBSIDIARIES / AFFILIATES   0     0     0  
2.4.4   REVENUE RESERVES   0     0     0  
2.4.4.1   LEGAL   0     0     0  
2.4.4.2   STATUTORY   0     0     0  
2.4.4.3   FOR CONTINGENCIES   0     0     0  
2.4.4.4   UNREALIZED INCOME   0     0     0  
2.4.4.5   FOR INVESTMENTS   0     0     0  
2.4.4.6   SPECIAL FOR NON-DISTRIBUTED   0     0     0  
    DIVIDENDS                  
2.4.4.7   OTHER UNREALIZED INCOME   0     0     0  
2.4.5   RETAINED EARNINGS   89     119     132  

68


FEDERAL PUBLIC SERVICE    
CVM - SECURITIES COMMISSION    
ANNUAL INFORMATION BULLETIN - IAN   12/31/2008

01.01 - IDENTIFICATION        
 1 - CVM CODE   2 - NAME OF THE COMPANY   3 - TAXPAYER Nº
 00043-4   Aracruz Celulose S.A.   42.157.511/0001-61

19.0- SUBSIDIARIES

Aracruz Trading S.A.

19.07 – STATEMENT OF CHANGES IN FINANCIAL POSITION – THOUSAND OF R$

1 – CODE   2 – DESCRIPTION 3 – FROM: 01/01/2008 TO 12/31/2008  4 – FROM: 01/01/2007 TO 12/31/2007  5 – FROM: 01/01/2006 TO 12/31/2006 
3.1   GROSS SALES AND SERVICES REVENUE 0 9,783 119,419
3.2   SALES TAXES AND OTHER DEDUCTIONS 0 (270)  (13,801) 
3.3   NET SALES REVENUE 0 9,513 105,618
3.4   COST OF GOODS SOLD 0 (9,924)  (73,507) 
3.5   GROSS PROFIT 0 (411)  32,111
3.6   OPERATING (EXPENSES) INCOME (69) 543 (8,811) 
3.6.1   SELLING 0 (1,695)  (8,796) 
3.6.2   GENERAL AND ADMINISTRATIVE (40) (28)  (210
3.6.3   FINANCIAL (29) 50 (1,386) 
3.6.3.1   FINANCIAL INCOME 2 1,764 2,358
3.6.3.2   FINANCIAL EXPENSES (31) (1,714)  (3,744) 
3.6.4   OTHER OPERATING INCOME 0 11,966 120,646
3.6.5   OTHER OPERATING EXPENSES 0 (9,783)  (119,384) 
3.6.6   EQUITY IN THE RESULTS OF SUBSIDIARIES 0 33 319
3.7   OPERATING INCOME (LOSS) (69) 132 23,300
3.8   NON-OPERATING (EXPENSES) INCOME 0 0 0
3.8.1   INCOME 0 0 0
3.8.2   EXPENSES 0 0 0
3.9   INCOME(LOSS) BEFORE INCOME TAXES AND MANAGEMENT REMUNERATION (69) 132 23,300
3.10   INCOME TAX AND SOCIAL CONTRIBUTION 0 0 0
3.11   DEFERRED INCOME TAX ES 0 0 0
3.12   MANAGEMENT REMUNERATION AND STATUORY APPROPRIATIONS 0 0 0
3.12.1   REMUNERATION 0 0 0
3.12.2   APPROPRIATIONS 0 0 0
3.15   NET INCOME (LOSS) FOR THE PERIOD (69) 132 132
      7 7 7
    CAPITAL STOCK-QUANTITY (THOUSANDS) 7,697,000 7,697,000 7,697,000
    EARNINGS PER SHARE   0,00002 0,00303
    LOSS PER SHARE (0,00001) - -

69


FEDERAL PUBLIC SERVICE    
CVM - SECURITIES COMMISSION    
ANNUAL INFORMATION BULLETIN - IAN   12/31/2008

01.01 - IDENTIFICATION        
 1 - CVM CODE   2 - NAME OF THE COMPANY   3 - TAXPAYER Nº
 00043-4   Aracruz Celulose S.A.   42.157.511/0001-61

19.0- SUBSIDIARIES

Aracruz Celuose (USA), Inc.

19.06 .01- - BALANCE SHEET – ASSET – THOUSAND OF R$

1 – CODE   2 – DESCRIPTION   3 – DATE – 12/31/2008    4 – DATE – 12/31/2007   5 – DATE – 12/31/2006 
1   TOTAL ASSETS   531,413   355,506   432,330
1.1   CURRENT ASSETS   531,193   355,317   432,253
1.1.1   CASH AND CASH EQUIVALENTS   1,125   1,308   22,813
1.1.2   CREDITS   335,249   211,505   236,199
1.1.3   INVENTORIES   186,430   140,473   171,578
1.1.4   OTHERS   8,389   2,031   1,663
1.2   CURRENT NOT ASSETS   220   189   77
1.2.1   LONG-TERM ASSETS   0   0   0
1.2.1.2   CREDITS   0   0   0
1.2.1.2.1   ACCOUNTS RECEIVABLE – RELATED PARTIES   0   0   0
1.2.1.2.2   FROM AFFILIATES   0   0   0
1.2.1.2.3   FROM SUBSIDIARIES   0   0   0
1.2.1.3   OTHERS   0   0   0
1.2.2   FIXED ASSETS   220   189   77
1.2.2.1   INVESTMENTS   0   0   0
1.2.2.1.1   IN AFFILIATES   0   0   0
1.2.2.1.2   IN SUBSIDIARIES   0   0   0
1.2.2.1.3   OTHER COMPANIES   0   0   0
1.2.2.2   PROPERTY, PLANT AND EQUIPMENT   220   189   77
1.2.2.3   DEFERRED CHARGES   0   0   0

70


FEDERAL PUBLIC SERVICE    
CVM - SECURITIES COMMISSION    
ANNUAL INFORMATION BULLETIN - IAN   12/31/2008

01.01 - IDENTIFICATION        
 1 - CVM CODE   2 - NAME OF THE COMPANY   3 - TAXPAYER Nº
 00043-4   Aracruz Celulose S.A.   42.157.511/0001-61

19.0- SUBSIDIARIES

Aracruz Celuose (USA), Inc.

19.06.02 – BALANCE SHEET – LIABILITY– THOUSAND OF R$

1 – CODE   2 – DESCRIPTION   3 – DATE – 12/31/2008 4 – DATE – 12/31/2007 5 – DATE – 12/31/2006
2   TOTAL LIABILITIES   531,413 355,506 432,330
2.1   CURRENT LIABILITIES   506,142 341,533 420,181
2.1.1   LOANS AND FINANCING     0 0
2.1.2   DEBENTURES     0 0
2.1.3   SUPPLIERS   502,151 339,335 415,894
2.1.4   TAXES   3,991 0 0
2.1.5   DIVIDENDS PAYABLE   0 2,198 866
2.1.6   PROVISIONS   0 0 0
2.1.7   LOANS FROM RELATED PARTIES   0 0 3,421
2.1.8   OTHERS   0 0 0
2,2   NOT CURRENT LIABILITIES   0 0 0
2.2.1   LONG-TERM LIABILITIES   0 0 0
2.2.1.1   LOANS AND FINANCING   0 0 0
2.2.1.2   DEBENTURES   0 0 0
2.2.1.3   PROVISION   0 0 0
2.2.1.4   LOANS FROM RELATED PARTIES   0 0 0
2.2.1.5   OTHERS   0 0 0
2.4   STOCKHOLDER’S EQUITY   25,271 13,973 12,149
2.4.1   PAID-IN CAPITAL   467 354 428
2.4.2   CAPITAL RESERVES   0 0 0
2.4.3   REVALUATION RESERVE   0 0 0
2.4.3.1   OWN ASSETS   0 0 0
2.4.3.2   SUBSIDIARIES / AFFILIATES   0 0 0
2.4.4   REVENUE RESERVES   0 0 0
2.4.4.1   LEGAL   0 0 0
2.4.4.2   STATUTORY   0 0 0
2.4.4.3   FOR CONTINGENCIES   0 0 0
2.4.4.4   UNREALIZED INCOME   0 0 0
2.4.4.5   FOR INVESTMENTS   0 0 0
2.4.4.6   SPECIAL FOR NON-DISTRIBUTED   0 0 0
    DIVIDENDS        
2.4.4.7   OTHER UNREALIZED INCOME   0 0 0
2.4.5   RETAINED EARNINGS   24,804 13,619 11,721

71


FEDERAL PUBLIC SERVICE    
CVM - SECURITIES COMMISSION    
ANNUAL INFORMATION BULLETIN - IAN   12/31/2008

01.01 - IDENTIFICATION        
 1 - CVM CODE   2 - NAME OF THE COMPANY   3 - TAXPAYER Nº
 00043-4   Aracruz Celulose S.A.   42.157.511/0001-61

19.0- SUBSIDIARIES

Aracruz Celuose (USA), Inc.

19.07 – STATEMENT OF CHANGES IN FINANCIAL POSITION THOUSAND OF R$

1 – CODE   2 – DESCRIPTION   3 – FROM: 01/01/2008 TO 12/31/2008 4 – FROM: 01/01/2007 TO 12/31/2007 5 – FROM: 01/01/2006 TO 12/31/2006
3.1   GROSS SALES AND SERVICES REVENUE   1,487,834 1,256,357 1,437,931
3.2   SALES TAXES AND OTHER DEDUCTIONS   (152,730) (171,745) (239,856)
3.3   NET SALES REVENUE   1,335,104 1,084,612 1,198,075
3.4   COST OF GOODS SOLD   (1,281,874) (1,046,875) (1,165,360)
3.5   GROSS PROFIT   5,230 37,737 32,715
3.6   OPERATING (EXPENSES) INCOME   (42,811) (31,645) (30,273)
3.6.1   SELLING   (40,540) (27,744) (27,224)
3.6.2   GENERAL AND ADMINISTRATIVE   (2,154) (2,301) (2,429)
3.6.3   FINANCIAL   (81) 177 (618)
3.6.3.1   FINANCIAL INCOME   60 193 (32,126)
3.6.3.2   FINANCIAL EXPENSES   (141) (16) 31,508
3.6.4   OTHER OPERATING INCOME   0 0 0
3.6.5   OTHER OPERATING EXPENSES   (36) (1,777) (2)
3.6.6   EQUITY IN THE RESULTS OF SUBSIDIARIES   0 0 0
3.7   OPERATING INCOME (LOSS)   10,419 6,092 2,442
3.8   NON-OPERATING (EXPENSES) INCOME   0 0 0
3.8.1   INCOME   0 0 0
3.8.2   EXPENSES   0 0 0
3.9   INCOME(LOSS) BEFORE INCOME TAXES AND MANAGEMENT REMUNERATION   10,419 6,092 2,442
3.10   INCOME TAX AND SOCIAL CONTRIBUTION   (3,583) (2,183) (997)
3.11   DEFERRED INCOME TAX ES   0 0 0
3.12   MANAGEMENT REMUNERATION AND STATUORY APPROPRIATIONS   0 0 0
3.12.1   REMUNERATION   0 0 0
3.12.2   APPROPRIATIONS   0 0 0
3.15   NET INCOME (LOSS) FOR THE PERIOD   6,836 3,909 1,445
    CAPITAL STOCK-QUANTITY (THOUSANDS)   200,000 200,000 200,000
    EARNINGS PER SHARE   0,03418 0,01955 0,00723
    LOSS PER SHARE   - - -

72


FEDERAL PUBLIC SERVICE    
CVM - SECURITIES COMMISSION    
ANNUAL INFORMATION BULLETIN - IAN   12/31/2008

01.01 - IDENTIFICATION        
 1 - CVM CODE   2 - NAME OF THE COMPANY   3 - TAXPAYER Nº
 00043-4   Aracruz Celulose S.A.   42.157.511/0001-61

19.0- SUBSIDIARIES

Mucuri Agroflorestal S.A..

19.06 .01- - BALANCE SHEET – ASSET– THOUSAND OF R$

1 – CODE   2 – DESCRIPTION   3 – DATE – 12/31/2008   4 – DATE – 12/31/2007  5 – DATE – 12/31/2006  
1   TOTAL ASSETS   76,257 76,255 76,224
1.1   CURRENT ASSETS   0 0 0
1.1.1   CASH AND CASH EQUIVALENTS   0 0 0
1.1.2   CREDITS   0 0 0
1.1.3   INVENTORIES   0 0 0
1.1.4   OTHERS   0 0 0
1.2   CURRENT NOT ASSETS   76,257 76,255 76,224
1.2.1   LONG-TERM ASSETS   0 0 0
1.2.1.1   CREDITS   0 0 0
1.2.1.2   ACCOUNTS RECEIVABLE – RELATED PARTIES   0 0 0
1.2.1.2.1   FROM AFFILIATES   0 0 0
1.2..1.2.2   FROM SUBSIDIARIES   0 0 0
1.2.1.2.3   OTHERS   0 0 0
1.2.1.3   OTHERS   0 0 0
1.2.2   FIXED ASSETS   76,257 76,255 76,224
1.2.2.1   INVESTMENTS   0 0 0
1.2.2.1.1   IN AFFILIATES   0 0 0
1.2.2.1.2   IN SUBSIDIARIES   0 0 0
1.2.2.1.3   OTHER COMPANIES   0 0 0
1.2.2.2   PROPERTY, PLANT AND EQUIPMENT   76,257 76,255 76,224
1.2.2.4   DEFERRED CHARGES   0 0 0

73


FEDERAL PUBLIC SERVICE    
CVM - SECURITIES COMMISSION    
ANNUAL INFORMATION BULLETIN - IAN   12/31/2008

01.01 - IDENTIFICATION        
 1 - CVM CODE   2 - NAME OF THE COMPANY   3 - TAXPAYER Nº
 00043-4   Aracruz Celulose S.A.   42.157.511/0001-61

19.0- SUBSIDIARIES

Mucuri Agroflorestal S.A..

19.06.02 – BALANCE SHEET – LIABILITY– THOUSAND OF R$

1 – CODE   2 – DESCRIPTION   3 – DATE – 12/31/2008  4 – DATE – 12/31/2007  5 – DATE – 12/31/2006  
2   TOTAL LIABILITIES   76,257 76,255 76,224
2.1   CURRENT LIABILITIES     81 6,049
2.1.1   LOANS AND FINANCING   0 0 0
2.1.2   DEBENTURES   0 0 0
2.1.3   SUPPLIERS   0 0 0
2.1.4   TAXES   0 0 0
2.1.5   DIVIDENDS PAYABLE   0 0 0
2.1.6   PROVISIONS   0 0 0
2.1.7   LOANS FROM RELATED PARTIES   83 81 6,049
2.1.8   OTHERS   0 0 0
2.2   LONG-TERM LIABILITIES   0 0 0
2.2.1   LOANS AND FINANCING   0 0 0
2.2.2   DEBENTURES   0 0 0
2.2.3   PROVISION   0 0 0
2.2.4   LOANS FROM RELATED PARTIES   0 0 0
2.2.5   OTHERS   0 0 0
2.4   STOCKHOLDER’S EQUITY   76,174 76,174 70,175
2.4.1   PAID-IN CAPITAL   78,299 78,299 72,300
2.4.2   CAPITAL RESERVES   0 0 0
2.4.3   REVALUATION RESERVE   0 0 0
2.4.3.1   OWN ASSETS   0 0 0
2.4.3.2   SUBSIDIARIES / AFFILIATES   0 0 0
2.4.4   REVENUE RESERVES   0 0 0
2.4.4.1   LEGAL   0 0 0
2.4.4.2   STATUTORY   0 0 0
2.4.4.3   FOR CONTINGENCIES   0 0 0
2.4.4.4   UNREALIZED INCOME   0 0 0
2.4.4.5   FOR INVESTMENTS   0 0 0
2.4.4.6   SPECIAL FOR NON-DISTRIBUTED   0 0 0
    DIVIDENDS        
2.4.4.7   OTHER UNREALIZED INCOME   0 0 0
2.4.5   RETAINED EARNINGS   (2,125) (2,125) (2,125)

74


FEDERAL PUBLIC SERVICE    
CVM - SECURITIES COMMISSION    
ANNUAL INFORMATION BULLETIN - IAN   12/31/2008

01.01 - IDENTIFICATION        
 1 - CVM CODE   2 - NAME OF THE COMPANY   3 - TAXPAYER Nº
 00043-4   Aracruz Celulose S.A.   42.157.511/0001-61

19.0- SUBSIDIARIES

Portocel - Terminal Especializado de Barra do Riacho

19.06 .01- - BALANCE SHEET – ASSET– THOUSAND OF R$

1 – CODE   2 – DESCRIPTION   3 – DATE – 12/31/2008 4 – DATE – 12/31/2007 5 – DATE – 12/31/2006
1   TOTAL ASSETS   152,436 125,446 124,270
1.1   CURRENT ASSETS   34,735 65,618 118,759
1.1.1   CASH AND CASH EQUIVALENTS   702 55,461 109,966
1.1.2   CREDITS   22,891 3,761 3,932
1.1.3   INVENTORIES   0 0 0
1.1.4   OTHERS   11,142 6,396 4,861
1,2   CURRENT NOT ASSETS   117,701 59,828 5,511
1.2.1   LONG-TERM ASSETS   7,315 3,230 1,190
1.2.1.1   CREDITS   7,131 2,511 1,190
1.2.1.1.1   DEFERRED TAXES   3,457 2,511 1,190
1.2.1.1.2   TAXES   03,674 0 0
1.2.1.2   ACCOUNTS RECEIVABLE – RELATED PARTIES   0 0 0
1.2.1.2.1   FROM AFFILIATES   0 0 0
1.2.1.2.2   FROM SUBSIDIARIES   0 0 0
1.2.1.2.3   OTHERS   0 0 0
1.2.1.3   OTHERS   184 719 0
1.2.1.3.1   ESCROW DEPOSITS   184 719 0
1.2.2   FIXED ASSETS   110,386 56,598 4,321
1.2.2.1   INVESTMENTS   0 0 20
1.2.2.1.1   IN AFFILIATES   0 0 0
1.2.2.1.2   IN SUBSIDIARIES   0 0 0
1.2.2.1.3   OTHER INVESTMENTS   0 0 20
1.2.2.2   PROPERTY, PLANT AND EQUIPMENT   110,386 56,598 4,301
1.2.2.3   DEFERRED CHARGES   0 0 0

75


FEDERAL PUBLIC SERVICE    
CVM - SECURITIES COMMISSION    
ANNUAL INFORMATION BULLETIN - IAN   12/31/2008

01.01 - IDENTIFICATION        
 1 - CVM CODE   2 - NAME OF THE COMPANY   3 - TAXPAYER Nº
 00043-4   Aracruz Celulose S.A.   42.157.511/0001-61

19.0- SUBSIDIARIES

Portocel - Terminal Especializado de Barra do Riacho

19.06.02 – BALANCE SHEET – LIABILITY– THOUSAND OF R$

1 – CODE   2 – DESCRIPTION   3 – DATE – 12/31/2008 4 – DATE – 12/31/2007 5 – DATE – 12/31/2006
2   TOTAL LIABILITIES   152,436 125,446 124,270
2.1   CURRENT LIABILITIES   46,906 17,565 12,696
2.1.1   LOANS AND FINANCING   28,382 4,797 6,727
2.1.2   DEBENTURES   0 0 0
2.1.3   SUPPLIERS   5,751 5,180 1,230
2.1.4   TAXES   10,297 5,074 2,493
2.1.5   DIVIDENDS PAYABLE   0 0 0
2.1.6   PROVISIONS   2,205 2,172 1,919
2.1.6.1   VACATION AND 13rd SALARY   2,205 2,172 1,919
2.1.7   LOANS FROM RELATED PARTIES   271 342 327
2.1.8   OTHERS   0 0 0
2.1.8.1   PROPOSED DIVIDENDS   0 0 0
2.1.8.2   OTHERS   0 0 0
2.2   NOT CURRENT LIABILITIES   86,983 100,023 107,697
2.2.1   LONG-TERM LIABILITIES   86,983 100,023 107,697
2.2.1.1   LOANS AND FINANCING   77,300 94,014 104,460
2.2.1.2   DEBENTURES   0 0 0
2.2.1.3   PROVISION   9,246 5,493 2,684
2.2.1.3.1   TAX CONTINGENCIES   0 0 0
2.2.1.3.2   LABOR CONTINGENCIES   9,246 5,493 2,684
2.2.1.4   LOANS FROM RELATED PARTIES   0 0 0
2.2.1.5   OTHERS   437 516 553
2.2.1.5.1   OTHERS   45 78 82
2.2.1.5.2   TAX TO PAY   392 438 471
2.4   STOCKHOLDER’S EQUITY   18,547 7,858 3,877
2.4.1   PAID-IN CAPITAL   9,034 2,304 1,573
2.4.2   CAPITAL RESERVES   0 1,772 132
2.4.3   REVALUATION RESERVE   0 0 0
2.4.3.1   OWN ASSETS   0 0 0
2.4.4   REVENUE RESERVES   2,664 0 0
2.4.4.1   LEGAL   330 0 0
2.4.4.2   STATUTORY   0 0 0
2.4.4.3   FOR CONTINGENCIES   0 0 0
2.4.4.4   OTHERS REVENUE RESERVES   2,334 0 0
2.4.4.5   FOR INVESTMENTS   0 0 0
2.4.5   RETAINED EARNINGS   6,849 3,782 2,172

76


FEDERAL PUBLIC SERVICE    
CVM - SECURITIES COMMISSION    
ANNUAL INFORMATION BULLETIN - IAN   12/31/2008

01.01 - IDENTIFICATION        
 1 - CVM CODE   2 - NAME OF THE COMPANY   3 - TAXPAYER Nº
 00043-4   Aracruz Celulose S.A.   42.157.511/0001-61

19.0- SUBSIDIARIES

Portocel - Terminal Especializado de Barra do Riacho

19.07 – STATEMENT OF CHANGES IN FINANCIAL POSITION – THOUSAND OF R$

1 – CODE   2 – DESCRIPTION   3 – FROM: 01/01/2008 TO 12/31/2008 4 – FROM: 01/01/2007 TO 12/31/2007 5 – FROM: 01/01/2006 TO 12/31/2006
3.1   GROSS SALES AND SERVICES REVENUE   48,656 53,563 41,347
3.2   SALES TAXES AND OTHER DEDUCTIONS   (5,557) (6,315) (4,800)
3.3   NET SALES REVENUE   43,099 47,248 36,547
3.4   COST OF GOODS SOLD   (25,663) (30,738) (24,525)
3.5   GROSS PROFIT   17,436 16,510 12,022
3.6   OPERATING (EXPENSES) INCOME   (6,448) (10,418) (8,291)
3.6.1   SELLING   0 0 0
3.6.2   GENERAL AND ADMINISTRATIVE   (2,308) (9,258) (8,253)
3.6.3   FINANCIAL   628 (429) 10
3.6.3.1   FINANCIAL INCOME   756 511 489
3.6.3.2   FINANCIAL EXPENSES   (128) (940) (479)
3.6.4   OTHER OPERATING INCOME   0 0 0
3.6.5   OTHER OPERATING EXPENSES   (4,468) (731) (48)
3.6.6   EQUITY IN THE RESULTS OF SUBSIDIARIES   0 0 0
3.7   OPERATING INCOME (LOSS)   10,988 6,092 3,731
3.8   NON-OPERATING (EXPENSES) INCOME   4 (17) 0
3.8.1   INCOME   4 50 0
3.8.2   EXPENSES   0 (23) 0
3.9   INCOME(LOSS) BEFORE INCOME TAXES AND MANAGEMENT REMUNERATION   10,992 6,075 3,731
3.10   INCOME TAX AND SOCIAL CONTRIBUTION   (3,783) (2,094) (1,484)
3.11   DEFERRED INCOME TAX ES   0 0 0
3.12   MANAGEMENT REMUNERATION AND STATUORY APPROPRIATIONS   0 0 0
3.12.1   REMUNERATION   0 0 0
3.12.2   APPROPRIATIONS   0 0 0
3.15   NET INCOME (LOSS) FOR THE PERIOD   7,209 3,981 2,247
    CAPITAL STOCK-QUANTITY (THOUSANDS)   7,781 7,781 7,781
    EARNINGS PER SHARE   0,92649 0,51163 0,28878
    LOSS PER SHARE   - - -

77


FEDERAL PUBLIC SERVICE    
CVM - SECURITIES COMMISSION    
ANNUAL INFORMATION BULLETIN - IAN   12/31/2008

01.01 - IDENTIFICATION        
 1 - CVM CODE   2 - NAME OF THE COMPANY   3 - TAXPAYER Nº
 00043-4   Aracruz Celulose S.A.   42.157.511/0001-61

19.0- SUBSIDIARIES

Aracruz Produtos de Madeira S.A.

19.06 .01- - BALANCE SHEET – ASSET– THOUSAND OF R$

1 – CODE   2 – DESCRIPTION   3 – DATE – 12/31/2008 4 – DATE – 12/31/2007 5 – DATE – 12/31/2006
1   TOTAL ASSETS   56,502 60,662 64,498
1.1   CURRENT ASSETS   20,336 21,399 24,368
1.1.1   CASH AND CASH EQUIVALENTS   1,663 1,311 1,192
1.1.2   CREDITS   4,936 5,063 10,389
1.1.2.1   ACCOUNTS RECEIVABLE FROM CUSTOMERS   3,537 2,511 7,433
1.1.2.2   CREDITS OTHERS   1,399 2,552 2,956
1.1.3   INVENTORIES   12,744 14,639 12,681
1.1.4   OTHERS   993 386 106
1.2   CURRENT NOT ASSETS   36,166 39263 40,130
1.2.1   LONG-TERM ASSETS   240 302 278
1.2.1.1   CREDITS   240 302 278
1.2.1.1.1   TAXES   240 302 278
1.2.1.2   ACCOUNTS RECEIVABLE – RELATED PARTIES   0 0 0
1.2.1.2.1   FROM AFFILIATES   0 0 0
1.2.1.2.2   FROM SUBSIDIARIES   0 0 0
1.2.1.2.3   OTHERS   0 0 0
1.2.1.3   OTHERS   0 0 0
1.2.1.3.1   ESCROW DEPOSITS   0 0 0
1.2.2   FIXED ASSETS   35,926 38,961 39,852
1.2.2.1   INVESTMENTS   0 0 0
1.2.2.1.1   IN AFFILIATES   0 0 0
1.2.2.1.2   IN SUBSIDIARIES   0 0 0
1.2.2.1.3   OTHER COMPANIES   0 0 0
1.2.2.2   PROPERTY, PLANT AND EQUIPMENT   35,926 37,198 37,057
1.2.2.3   DEFERRED CHARGES   0 1,763 2,795

78


FEDERAL PUBLIC SERVICE    
CVM - SECURITIES COMMISSION    
ANNUAL INFORMATION BULLETIN - IAN   12/31/2008

01.01 - IDENTIFICATION        
 1 - CVM CODE   2 - NAME OF THE COMPANY   3 - TAXPAYER Nº
 00043-4   Aracruz Celulose S.A.   42.157.511/0001-61

19.0- SUBSIDIARIES

Aracruz Produtoss de Madeira S.A.

19.06.02 – BALANCE SHEET – LIABILITY– THOUSAND OF R$

1 – CODE   2 – DESCRIPTION   3 – DATE – 12/31/2008   4 – DATE – 12/31/2007  5 – DATE – 12/31/2006  
2   TOTAL LIABILITIES   56,502 60,662 64,498
2.1   CURRENT LIABILITIES   7,355 5,577 5,510
2.1.1   LOANS AND FINANCING   0 719 0
2.1.2   DEBENTURES   0 0 0
2.1.3   SUPPLIERS   5,909 3,766 4,489
2.1.4   TAXES   518 384 268
2.1.5   DIVIDENDS PAYABLE   0 0 0
2.1.6   PROVISIONS   656 569 609
2.1.6.1   VACATION AND 13rd SALARY   656 569 609
2.1.7   LOANS FROM RELATED PARTIES   0 0 0
2.1.8   OTHERS   272 139 144
2.2   LONG-TERM LIABILITIES   0 62 0
2.2.1   LOANS AND FINANCING   0 62 0
2.2.2   DEBENTURES   0 0 0
2.2.3   PROVISION   0 0 0
2.2.4   LOANS FROM RELATED PARTIES   0 0 0
2.2.5   OTHERS   0 62 0
2.4   STOCKHOLDER’S EQUITY   49,147 55,023 58,988
2.4.1   PAID-IN CAPITAL   145,655 145,655 145,655
2.4.2   CAPITAL RESERVES   0 0 0
2.4.3   REVALUATION RESERVE   0 0 0
2.4.3.1   OWN ASSETS   0 0 0
2.4.3.2   SUBSIDIARIES / AFFILIATES   0 0 0
2.4.4   REVENUE RESERVES   0 0 0
2.4.4.1   LEGAL   0 0 0
2.4.4.2   STATUTORY   0 0 0
2.4.4.3   FOR CONTINGENCIES   0 0 0
2.4.4.4   UNREALIZED INCOME   0 0 0
2.4.4.5   FOR INVESTMENTS   0 0 0
2.4.4.6   SPECIAL FOR NON-DISTRIBUTED   0 0 0
    DIVIDENDS        
2.4.4.7   OTHER UNREALIZED INCOME   0 0 0
2.4.5   RETAINED EARNINGS   (96,508) (90,632) (86,667)

79


FEDERAL PUBLIC SERVICE    
CVM - SECURITIES COMMISSION    
ANNUAL INFORMATION BULLETIN - IAN   12/31/2008

01.01 - IDENTIFICATION        
 1 - CVM CODE   2 - NAME OF THE COMPANY   3 - TAXPAYER Nº
 00043-4   Aracruz Celulose S.A.   42.157.511/0001-61

19.0- SUBSIDIARIES

Aracruz Produtoss de Madeira S.A.

19.07 – STATEMENT OF CHANGES IN FINANCIAL POSITION – THOUSAND OF R$

1 – CODE 2 – DESCRIPTION   3 – FROM: 01/01/2008 TO 12/31/2008   4 – FROM: 01/01/2007 TO 12/31/2007 5 – FROM: 01/01/2006 TO 12/31/2006
3.1 GROSS SALES AND SERVICES REVENUE   32,932   28,906 35,477
3.2 SALES TAXES AND OTHER DEDUCTIONS   (5,327)   (3,598) (2,277)
3.3 NET SALES REVENUE   27,605   25,308 33,200
3.4 COST OF GOODS SOLD   (27,151)   (25,100) (29,527
3.5 GROSS PROFIT   454   208 3,673
3.6 OPERATING (EXPENSES) INCOME   (6,329)   (4,173) (5,433)
3.6.1 SELLING   (2,770)   (1,708) (2,257)
3.6.2 GENERAL AND ADMINISTRATIVE   (2,921)   (3,518) (3,864)
3.6.3 FINANCIAL   0   (184) (18)
()6.3.1 FINANCIAL INCOME   0   (159) 113
3.6.3.2 FINANCIAL EXPENSES   0   (25) (131)
3.6.4 OTHER OPERATING INCOME   0   1,237 2
3.6.5 OTHER OPERATING EXPENSES   (638)   0 704
3.6.6 EQUITY IN THE RESULTS OF SUBSIDIARIES   0   0 0
3.7 OPERATING INCOME (LOSS)   (5,875)   (3,965) (1,760)
3.8 NON-OPERATING (EXPENSES) INCOME   0   0 (61)
3.8.1 INCOME   0   0 0
3.8.2 EXPENSES   0   0 (61)
3.9 INCOME(LOSS) BEFORE INCOME TAXES AND MANAGEMENT REMUNERATION   (5,875)   (3,965) (1,821)
3.10 INCOME TAX AND SOCIAL CONTRIBUTION   0   0 0
3.11 DEFERRED INCOME TAX ES   0   0 0
3.12 MANAGEMENT REMUNERATION AND STATUORY APPROPRIATIONS   0   0 0
3.12.1 REMUNERATION   0   0 0
3.12.2 APPROPRIATIONS   0   0 0
3.15 NET INCOME (LOSS) FOR THE PERIOD   (5,875)   (3,965) (1,821)
  CAPITAL STOCK-QUANTITY (THOUSANDS)   44   44 44
  EARNINGS PER SHARE          
  LOSS PER SHARE   (133,52273)   (90,11364) (41,38636)

80


FEDERAL PUBLIC SERVICE    
CVM - SECURITIES COMMISSION    
ANNUAL INFORMATION BULLETIN - IAN   12/31/2008

01.01 - IDENTIFICATION        
 1 - CVM CODE   2 - NAME OF THE COMPANY   3 - TAXPAYER Nº
 00043-4   Aracruz Celulose S.A.   42.157.511/0001-61

19.0- SUBSIDIARIES

Veracel Celulose S.A.

19.06 .01- - BALANCE SHEET – ASSET– THOUSAND OF R$

1 – CODE 2 – DESCRIPTION 3 – DATE – 12/31/2008 4 – DATE – 12/31/2007 5 – DATE – 12/31/2006
1 TOTAL ASSETS 1,856,441 1,790,386 1,839,458
1.1 CURRENT ASSETS 197,165 126,292 144,624
1.1.1 CASH AND CASH EQUIVALENTS 625 707 401
1.1.2 CREDITS 134,417 64,447 69,416
1.1.2.1 ACCOUNTS RECEIVABLE FROM CUSTOMERS 116,187 45,600 54,096
1.1.2.2 CREDITS OTHERS 18,320 18,847 15,320
1.1.3 INVENTORIES 59,950 60,066 66,649
1.1.4 OTHERS 2,173 1,072 8,158
1.2 CURRENT NOT ASSETS 1,659,276 1,664,094 1,694,834
1.2.1 LONG-TERM ASSETS 135,849 126,970 147,253
1.2.1.1 CREDITS 80,697 73,531 91,034
1.2.1.1.1 DEFERRED TAXES 36,788 26,344 23,354
1.2.1.1.2 TAXES 43,909 47,187 67,680
1.2.1.2 ACCOUNTS RECEIVABLE – RELATED PARTIES 44,263 47,750 50,292
1.2.1.2.1 FROM AFFILIATES 44,263 47,750 50,292
1.2.1.2.2 FROM SUBSIDIARIES 0 0 0
1.2.1.2.3 OTHERS 0 0 0
1.21..3 OTHERS 10,889 5,689 5,927
1.2.1.3.1 ESCROW DEPOSITS 8,745 5,689 5,303
1.2.1.3.2 OTHERS 2,144 0 624
1.2.2 FIXED ASSETS 1,523,427 1,537,124 1,547,581
1.2.2.1 INVESTMENTS 0 0 0
1.2.2.1.1 IN AFFILIATES 0 0 0
1.2.2.1.2 IN SUBSIDIARIES 0 0 0
1.2.2.1.3 OTHER COMPANIES 0 0 0
1.2.2.2 PROPERTY, PLANT AND EQUIPMENT 1,523,427 1,491,563 1,492,574
1.2.2.3 DEFERRED CHARGES 0 45,561 55,007

81


FEDERAL PUBLIC SERVICE    
CVM - SECURITIES COMMISSION    
ANNUAL INFORMATION BULLETIN - IAN   12/31/2008

01.01 - IDENTIFICATION        
 1 - CVM CODE   2 - NAME OF THE COMPANY   3 - TAXPAYER Nº
 00043-4   Aracruz Celulose S.A.   42.157.511/0001-61

19.0- SUBSIDIARIES

Veracel Celulose S.A.

19.06.02 – BALANCE SHEET – LIABILITY– THOUSAND OF R$

1 – CODE 2 – DESCRIPTION 3 – DATE – 12/31/2008 4 – DATE – 12/31/2007 5 – DATE – 12/31/2006
2 TOTAL LIABILITIES 1,856,441 1,790,386 1,839,458
2.1 CURRENT LIABILITIES 169,105 142,376 171,953
2.1.1 LOANS AND FINANCING 138,338 114,054 140,649
2.1.2 DEBENTURES 0 0 0
2.1.3 SUPPLIERS 18,387 18,227 21,526
2.1.4 TAXES 3,704 2,500 3,212
2.1.5 DIVIDENDS PAYABLE 0 0 0
2.1.6 PROVISIONS 8,319 7,300 6,363
2.1.6.1 VACATION AND 13rd SALARY 8,319 7,300 6,363
2.1.7 LOANS FROM RELATED PARTIES 0 0 0
2.1.8 OTHERS 357 295 203
2.2 NOT CURRENT LIABILITIES 415,108 492,002 764,581
2.2.1 LONG-TERM LIABILITIES 415,108 492,002 764,581
2.2.1.1 LOANS AND FINANCING 408,866 480,184 755,318
2.2.1.2 DEBENTURES 0 0 0
2.2.1.3 PROVISION 6,242 11,818 9,263
2.2.1.3.1 TAX CONTINGENCIES 6,242 11,818 9,263
2.2.1.4 LOANS FROM RELATED PARTIES 0 0 0
2.2.1.6 OTHERS 0 0 0
2.4 STOCKHOLDER’S EQUITY 1,272,228 1,156,008 902,924
2.4.1 PAID-IN CAPITAL 1,317,475 1,188,553 939,143
2.4.2 CAPITAL RESERVES 12,961 9,446 6,989
2.4.3 REVALUATION RESERVE 0 0 0
2.4.3.1 OWN ASSETS 0 0 0
2.4.3.2 SUBSIDIARIES / AFFILIATES 0 0 0
2.4.4 REVENUE RESERVES 0 0 0
2.4.4.1 LEGAL 0 0 0
2.4.4.2 STATUTORY 0 0 0
2.4.4.3 FOR CONTINGENCIES 0 0 0
2.4.4.4 UNREALIZED INCOME 0 0 0
2.4.4.5 FOR INVESTMENTS 0 0 0
2.4.4.6 SPECIAL FOR NON-DISTRIBUTED 0 0 0
  DIVIDENDS      
2.4.4.7 OTHER UNREALIZED INCOME 0 0 0
2.4.5 RETAINED EARNINGS (58,208) (41,991) (43,208)

82


FEDERAL PUBLIC SERVICE    
CVM - SECURITIES COMMISSION    
ANNUAL INFORMATION BULLETIN - IAN   12/31/2008

01.01 - IDENTIFICATION        
 1 - CVM CODE   2 - NAME OF THE COMPANY   3 - TAXPAYER Nº
 00043-4   Aracruz Celulose S.A.   42.157.511/0001-61

19.0- SUBSIDIARIES

Veracel Celulose S.A.

19.07 – STATEMENT OF CHANGES IN FINANCIAL POSITION – THOUSAND OF R$

1 – CODE 2 – DESCRIPTION 3 – FROM: 01/01/2008 TO 12/31/2008 4 – FROM: 01/01/2007 TO 12/31/2007 5 – FROM: 01/01/2006 TO 12/31/2006
3.1 GROSS SALES AND SERVICES REVENUE 464,492 400,292 387,086
3.2 SALES TAXES AND OTHER DEDUCTIONS (216) (1,079) (1,529)
3.3 NET SALES REVENUE 464,276 399,213 385,557
3.4 COST OF GOODS SOLD (316,632) (296,353) (268,527)
3.5 GROSS PROFIT 147,644 102,860 117,030
3.6 OPERATING (EXPENSES) INCOME (120,474) (91,017) (98,454)
3.6.1 SELLING (17,426) (15,883) (16,749)
3.6.2 GENERAL AND ADMINISTRATIVE (20,474) (15,794) (14,881)
3.6.3 FINANCIAL (85,997) (32,222) (49,673)
()6.3.1 FINANCIAL INCOME 3,752 876 845
3.6.3.2 FINANCIAL EXPENSES (89,749) (33,098) (50,518)
3.6.4 OTHER OPERATING INCOME 14,603 7,910 3,084
3.6.5 OTHER OPERATING EXPENSES (11,180) (35,028) (20,235)
3.6.6 EQUITY IN THE RESULTS OF SUBSIDIARIES 0 0 0
3.7 OPERATING INCOME (LOSS) 27,170 11,843 18,576
3.8 NON-OPERATING (EXPENSES) INCOME (3,303) (4,013) 333
3.8.1 INCOME 215 1,903 853
3.8.2 EXPENSES (3,521) (5,916) (520)
3.9 INCOME(LOSS) BEFORE INCOME TAXES AND MANAGEMENT REMUNERATION 23,867 7,830 18,909
3.10 INCOME TAX AND SOCIAL CONTRIBUTION (6,499) (6,614) (5,380)
3.11 DEFERRED INCOME TAX ES 0 0 0
3.12 MANAGEMENT REMUNERATION AND STATUORY APPROPRIATIONS 0 0 0
3.12.1 REMUNERATION 0 0 0
3.12.2 APPROPRIATIONS 0 0 0
3.15 NET INCOME (LOSS) FOR THE PERIOD 17,368 1,216 13,529
  CAPITAL STOCK-QUANTITY (THOUSANDS) 219,632,254 219,635,254 219,635,254
  EARNINGS PER SHARE 0,00008 0,00001 0,00006
  LOSS PER SHARE      

83


FEDERAL PUBLIC SERVICE    
CVM - SECURITIES COMMISSION    
ANNUAL INFORMATION BULLETIN - IAN   12/31/2008

01.01 - IDENTIFICATION        
 1 - CVM CODE   2 - NAME OF THE COMPANY   3 - TAXPAYER Nº
 00043-4   Aracruz Celulose S.A.   42.157.511/0001-61

19.0- SUBSIDIARIES

Aracruz Trading International Ltd

19.06 .01- - BALANCE SHEET – ASSET– THOUSAND OF R$

1 – CODE 2 – DESCRIPTION 3 – DATE – 12/31/2008 4 – DATE – 12/31/2007 5 – DATE – 12/31/2006
1 TOTAL ASSETS 4,234,659 2,317,279 1,957,227
1.1 CURRENT ASSETS 1,147,194 981,086 1,402,627
1.1.1 CASH AND CASH EQUIVALENTS 149,564 98,730 386,117
1.1.2 CREDITS 751,131 718,234 864,429
1.1.2.1 ACCOUNTS RECEIVABLE FROM CUSTOMERS 751,000 717,363 862,957
1.1.2.1.1 ACCOUNTS RECEIVABLE FROM CUSTOMERS - PULP 729,866 672,654 717,953
1.1.2.1.2 ACCOUNTS RECEIVABLE FROM CUSTOMERS -      
  OTHERS 21,134 44,709 145,004
1.1.2.2 CREDITS OTHERS 131 871 1,472
1.1.2.2.1 TAX CREDITS 131 871 1,472
1.1.3 INVENTORIES 208,621 162,106 149,751
1.1.4 OTHERS 37,878 2,016 2,330
1.2 CURRENT NOT ASSETS 3,087,465 1,336,193 554,600
1.2.1 LONG-TERM ASSETS 3,081,943 1,333,845 551,464
1.2.1.1 CREDITS 0 0 0
1.2.1.2 ACCOUNTS RECEIVABLE – RELATED PARTIES 2,613,269 1,333,845 551,454
1.2.1.2.1 FROM AFFILIATES 2,613,269 1,333,845 551,454
1.2.1.2.2 FROM SUBSIDIARIES 0 0 0
1.2.1.2.3 OTHERS 0 0 0
1.2.1.3 OTHERS 468,674 0 0
1.2.2 FIXED ASSETS 5,522 2,348 3,146
1.2.2.1 INVESTMENTS 5,101 2,331 3,133
1.2.2.1.1 IN AFFILIATES 0 0 0
1.2.2.1.2 IN SUBSIDIARIES 5,101 2,331 3,133
1.2.2.1.3 OTHER COMPANIES 0 0 0
1.2.2.2 PROPERTY, PLANT AND EQUIPMENT 421 17 13
1.2.2.3 DEFERRED CHARGES 0 0 0

84


FEDERAL PUBLIC SERVICE    
CVM - SECURITIES COMMISSION    
ANNUAL INFORMATION BULLETIN - IAN   12/31/2008

01.01 - IDENTIFICATION        
 1 - CVM CODE   2 - NAME OF THE COMPANY   3 - TAXPAYER Nº
 00043-4   Aracruz Celulose S.A.   42.157.511/0001-61

19.0- SUBSIDIARIES

Aracruz Trading Hungary Ltd

19.06.02 – BALANCE SHEET – LIABILITY– THOUSAND OF R$

1 – CODE 2 – DESCRIPTION 3 – DATE – 12/31/2008 4 – DATE – 12/31/2007 5 – DATE – 12/31/2006
2 TOTAL LIABILITIES 4,234,659 2,317,279 1,957,227
2.1 CURRENT LIABILITIES 1,098,310 232,168 134,543
2.1.1 LOANS AND FINANCING 201,615 0 0
2.1.2 DEBENTURES 0 0 0
2.1.3 SUPPLIERS 893,785 226,665 123,814
2.1.4 TAXES 910 2,752 6,892
2.1.5 DIVIDENDS PAYABLE 0 0 0
2.1.6 PROVISIONS 0 0 0
2.1.7 LOANS FROM RELATED PARTIES 0 0 0
2.1.8 OTHERS 0 2,751 3,837
2.2 NOT CURRENT LIABILITIES 2,970,542 0 0
2.2.1 LONG-TERM LIABILITIES 2,970,542 0 0
2.2.1.1 LOANS AND FINANCING 2,970,542 0 0
2.2.1.2 DEBENTURES 0 0 0
2.2.1.3 PROVISION 0 0 0
2.2.1.4 LOANS FROM RELATED PARTIES 0 0 0
2.2.1.5 OTHERS 0 0 0
2.4 STOCKHOLDER’S EQUITY 165,807 2,085,111 1,822,684
2.4.1 PAID-IN CAPITAL 47 35 43
2.4.2 CAPITAL RESERVES 0 0 0
2.4.3 REVALUATION RESERVE 0 0 0
2.4.3.1 OWN ASSETS 0 0 0
2.4.3.2 SUBSIDIARIES / AFFILIATES 0 0 0
2.4.4 REVENUE RESERVES 0 0 0
2.4.4.1 LEGAL 0 0 0
2.4.4.2 STATUTORY 0 0 0
2.4.4.3 FOR CONTINGENCIES 0 0 0
2.4.4.4 UNREALIZED INCOME 0 0 0
2.4.4.5 FOR INVESTMENTS 0 0 0
2.4.4.6 SPECIAL FOR NON-DISTRIBUTED 0 0 0
  DIVIDENDS      
2.4.4.7 OTHER UNREALIZED INCOME 0 0 0
2.4.5 RETAINED EARNINGS 165,760 2,085,076 1,822,641

85


FEDERAL PUBLIC SERVICE    
CVM - SECURITIES COMMISSION    
ANNUAL INFORMATION BULLETIN - IAN   12/31/2008

01.01 - IDENTIFICATION        
 1 - CVM CODE   2 - NAME OF THE COMPANY   3 - TAXPAYER Nº
 00043-4   Aracruz Celulose S.A.   42.157.511/0001-61

19.0- SUBSIDIARIES

Aracruz Trading Hungary Ltd

19.07 – STATEMENT OF CHANGES IN FINANCIAL POSITION – THOUSAND OF R$

1 – CODE 2 – DESCRIPTION 3 – FROM: 01/01/2008 TO 12/31/2008 4 – FROM: 01/01/2007 TO 12/31/2007 5 – FROM: 01/01/2006 TO 12/31/2006
3.1 GROSS SALES AND SERVICES REVENUE 3,322,155 3,590,900 3,673,316
3.2 SALES TAXES AND OTHER DEDUCTIONS (237,807) (266,486) (251,136)
3.3 NET SALES REVENUE 3,084,348 3,324,414 3,422,180
3.4 COST OF GOODS SOLD (2,902,264) (2,705,053) (2,543,353)
3.5 GROSS PROFIT 182,084 619,361 878,827
3.6 OPERATING (EXPENSES) INCOME (3,174,326) (6,511) (37,657)
3.6.1 SELLING (65,713) (62,138) (71,319)
3.6.2 GENERAL AND ADMINISTRATIVE (1,294) (1,188) (2,308)
3.6.3 FINANCIAL (3,039,326 57,933 36,995
3.6.3.1 FINANCIAL INCOME 0 337,568 147,093
3.6.3.2 FINANCIAL EXPENSES (3,039,326) (279,635) (110,098)
3.6.4 OTHER OPERATING INCOME 0 21 3,710,644
3.6.5 OTHER OPERATING EXPENSES (68,528) (1,448) (3,712,031)
3.6.6 EQUITY IN THE RESULTS OF SUBSIDIARIES 535 309 362
3.7 OPERATING INCOME (LOSS) (2,992,242) 612,850 841,170
3.8 NON-OPERATING (EXPENSES) INCOME 0 0 0
3.8.1 INCOME 0 0 0
3.8.2 EXPENSES 0 0 0
3.9 INCOME(LOSS) BEFORE INCOME TAXES AND MANAGEMENT REMUNERATION (2,992,242) 612,850 841,170
3.10 INCOME TAX AND SOCIAL CONTRIBUTION 407,017 (37,805) (33,363)
3.11 DEFERRED INCOME TAX ES 0 0 0
3.12.1 REMUNERATION 0 0 0
3.12.2 APPROPRIATIONS 0(2,585,225) 0 0
3.15 NET INCOME (LOSS) FOR THE PERIOD   575,045 807,807
  CAPITAL STOCK-QUANTITY (THOUSANDS) 11 11 11
  EARNINGS PER SHARE   52,276,81818 73,437.00000
  LOSS PER SHARE (235,020,45455)   -

86


FEDERAL PUBLIC SERVICE    
CVM - SECURITIES COMMISSION    
ANNUAL INFORMATION BULLETIN - IAN   12/31/2008

01.01 - IDENTIFICATION        
 1 - CVM CODE   2 - NAME OF THE COMPANY   3 - TAXPAYER Nº
 00043-4   Aracruz Celulose S.A.   42.157.511/0001-61

19.0- SUBSIDIARIES

Ara Pulp Com. Impor. Export. Unipessoal Lt

19.06 .01- - BALANCE SHEET – ASSET– THOUSAND OF R$

1 – CODE 2 – DESCRIPTION 3 – DATE – 12/31/2008 4 – DATE – 12/31/2007 5 – DATE – 12/31/2006
1 TOTAL ASSETS 18 61 138
1.1 CURRENT ASSETS 18 61 138
1.1.1 CASH AND CASH EQUIVALENTS 18 61 138
1.1.2 CREDITS 0 0 0
1.1.3 INVENTORIES 0 0 0
1.1.4 OTHERS 0 0 0
1.2 LONG-TERM ASSETS 0 0 0
1.2.1 CREDITS 0 0 0
1.2.2 ACCOUNTS RECEIVABLE – RELATED PARTIES 0 0 0
1.2.2.1 FROM AFFILIATES 0 0 0
1.2.2.2 FROM SUBSIDIARIES 0 0 0
1.2.2.3 OTHERS 0 0 0
1.2.3 OTHERS 0 0 0
1.3 FIXED ASSETS 0 0 0
1.3.1 INVESTMENTS 0 0 0
1.3.1.1 IN AFFILIATES 0 0 0
1.3.1.2 IN SUBSIDIARIES 0 0 0
1.3.1.3 OTHER COMPANIES 0 0 0
1.3.2 PROPERTY, PLANT AND EQUIPMENT 0 0 0
1.3.3 DEFERRED CHARGES 0 0 0

87


FEDERAL PUBLIC SERVICE    
CVM - SECURITIES COMMISSION    
ANNUAL INFORMATION BULLETIN - IAN   12/31/2008

01.01 - IDENTIFICATION        
 1 - CVM CODE   2 - NAME OF THE COMPANY   3 - TAXPAYER Nº
 00043-4   Aracruz Celulose S.A.   42.157.511/0001-61

19.0- SUBSIDIARIES

Ara Pulp Com. Impor. Export. Unipessoal Lt

19.06.02 – BALANCE SHEET – LIABILITY– THOUSAND OF R$

1 – CODE 2 – DESCRIPTION 3 – DATE – 12/31/2008 4 – DATE – 12/31/2007 5 – DATE – 12/31/2006
2 TOTAL LIABILITIES 18 61 138
2.1 CURRENT LIABILITIES 18 13 14
2.1.1 LOANS AND FINANCING 0 0 0
2.1.2 DEBENTURES 0 0 0
2.1.3 SUPPLIERS 18 13 14
2.1.4 TAXES 0 0 0
2.1.5 DIVIDENDS PAYABLE 0 0 0
2.1.6 PROVISIONS 0 0 0
2.1.7 LOANS FROM RELATED PARTIES 0 0 0
2.1.8 OTHERS 0 0 0
2.2 LONG-TERM LIABILITIES 0 0 0
2.2.1 LOANS AND FINANCING 0 0 0
2.2.2 DEBENTURES 0 0 0
2.2.3 PROVISION 0 0 0
2.2.4 LOANS FROM RELATED PARTIES 0 0 0
2.2.5 OTHERS 0 0 0
2.4 STOCKHOLDER’S EQUITY 0 48 124
2.4.1 PAID-IN CAPITAL 33 26 28
2.4.2 CAPITAL RESERVES 0 0 0
2.4.3 REVALUATION RESERVE 0 0 0
2.4.3.1 OWN ASSETS 0 0 0
2.4.3.2 SUBSIDIARIES / AFFILIATES 0 0 0
2.4.4 REVENUE RESERVES 8 7 7
2.4.4.1 LEGAL 0 0 0
2.4.4.2 STATUTORY 0 0 0
2.4.4.3 FOR CONTINGENCIES 0 0 0
2.4.4.4 UNREALIZED INCOME 0 0 0
2.5.4.5 FOR INVESTMENTS 0 0 0
2.4.4.6 SPECIAL FOR NON-DISTRIBUTED 0 0 0
  DIVIDENDS      
2.4.4.7 OTHER UNREALIZED INCOME 0 0 0
2.4.5 RETAINED EARNINGS (41) 15 89

88


FEDERAL PUBLIC SERVICE    
CVM - SECURITIES COMMISSION    
ANNUAL INFORMATION BULLETIN - IAN   12/31/2008

01.01 - IDENTIFICATION        
 1 - CVM CODE   2 - NAME OF THE COMPANY   3 - TAXPAYER Nº
 00043-4   Aracruz Celulose S.A.   42.157.511/0001-61

19.0- SUBSIDIARIES

Ara Pulp Com. Impor. Export. Unipessoal Lt

19.07 – STATEMENT OF CHANGES IN FINANCIAL POSITION – THOUSAND OF R$

1 – CODE 2 – DESCRIPTION 3 – FROM: 01/01/2008 TO 12/31/2008 4 – FROM: 01/01/2007 TO 12/31/2007 3 – FROM: 01/01/2006 TO 12/31/2006
3.1 GROSS SALES AND SERVICES REVENUE 0 0 23,519
3.2 SALES TAXES AND OTHER DEDUCTIONS 0 0 0
3.3 NET SALES REVENUE 0 0 23,519
3.4 COST OF GOODS SOLD 0 0 (23,198)
3.5 GROSS PROFIT 0 0 321
3.6 OPERATING (EXPENSES) INCOME (60) (67) (232)
3.6.1 SELLING 0 0 0
3.6.2 GENERAL AND ADMINISTRATIVE (55) (65) (13)
3.6.3 FINANCIAL (5) (2) (219)
3.6.3.1 FINANCIAL INCOME 0 20 321
3.6.3.2 FINANCIAL EXPENSES (5) (22) (540)
3.6.4 OTHER OPERATING INCOME 0 0 0
3.6.5 OTHER OPERATING EXPENSES 0 0 0
3.6.6 EQUITY IN THE RESULTS OF SUBSIDIARIES 0 0 0
3.7 OPERATING INCOME (LOSS) (60) (67) 89
3.8 NON-OPERATING (EXPENSES) INCOME 0 0 0
3.8.1 INCOME 0 0 0
3.8.2 EXPENSES 0 0 0
3.9 INCOME(LOSS) BEFORE INCOME TAXES AND MANAGEMENT REMUNERATION (60) (67) 89
3.10 INCOME TAX AND SOCIAL CONTRIBUTION 0 0 0
3.11 DEFERRED INCOME TAX ES 0 0 0
3.12. REMUNERATION 0 0 0
3.15 NET INCOME (LOSS) FOR THE PERIOD (60) (67) 89
  CAPITAL STOCK-QUANTITY (THOUSANDS) 1 1 1
  EARNINGS PER SHARE     89,00000
  LOSS PER SHARE (60,00000) (67,00000)  

89


FEDERAL PUBLIC SERVICE    
CVM - SECURITIES COMMISSION    
ANNUAL INFORMATION BULLETIN - IAN   12/31/2008

01.01 - IDENTIFICATION        
 1 - CVM CODE   2 - NAME OF THE COMPANY   3 - TAXPAYER Nº
 00043-4   Aracruz Celulose S.A.   42.157.511/0001-61

19.0- SUBSIDIARIES

Riocell Trade S.A.

19.06 .01- - BALANCE SHEET – ASSET– THOUSAND OF R$

1 – CODE 2 – DESCRIPTION 3 – DATE – 12/31/2008 4 – DATE – 12/31/2007 4 – DATE – 12/31/2006
1 TOTAL ASSETS 1,471 1,444 1,895
1.1 CURRENT ASSETS 1,471 1,444 1,895
1.1.1 CASH AND CASH EQUIVALENTS 1,471 1,444 1,895
1.1.2 CREDITS 0 0 0
1.1.3 INVENTORIES 0 0 0
1.1.4 OTHERS 0 0 0
1.2 LONG-TERM ASSETS 0 0 0
1.2.1 CREDITS 0 0 0
1.2.2 ACCOUNTS RECEIVABLE – RELATED PARTIES 0 0 0
1.2.2.1 FROM AFFILIATES 0 0 0
1.2.2.2 FROM SUBSIDIARIES 0 0 0
1.2.2.3 OTHERS 0 0 0
1.2.3 OTHERS 0 0 0
1.3 FIXED ASSETS 0 0 0
1.3.1 INVESTMENTS 0 0 0
1.3.1.1 IN AFFILIATES 0 0 0
1.3.1.2 IN SUBSIDIARIES 0 0 0
1.3.1.3 OTHER COMPANIES 0 0 0
1.3.2 PROPERTY, PLANT AND EQUIPMENT 0 0 0
1.3.3 DEFERRED CHARGES 0 0 0

90


FEDERAL PUBLIC SERVICE    
CVM - SECURITIES COMMISSION    
ANNUAL INFORMATION BULLETIN - IAN   12/31/2008

01.01 - IDENTIFICATION        
 1 - CVM CODE   2 - NAME OF THE COMPANY   3 - TAXPAYER Nº
 00043-4   Aracruz Celulose S.A.   42.157.511/0001-61

19.0- SUBSIDIARIES

Riocell Trade S.A.

19.06.02 – BALANCE SHEET – LIABILITY– THOUSAND OF R$

1 – CODE 2 – DESCRIPTION 3 – DATE – 12/31/2008 4 – DATE – 12/31/2007 4 – DATE – 12/31/2006
2 TOTAL LIABILITIES 1,471 1,444 1,895
2.1 CURRENT LIABILITIES 22 17 117
2.1.1 LOANS AND FINANCING 0 0 0
2.1.2 DEBENTURES 0 0 0
2.1.3 SUPPLIERS 0 0 0
2.1.4 TAXES 22 17 20
2.1.5 DIVIDENDS PAYABLE 0 0 0
2.1.6 PROVISIONS 0 0 0
2.1.7 LOANS FROM RELATED PARTIES 0 0 0
2.1.8 OTHERS 0 0 97
2.2 LONG-TERM LIABILITIES 0 0 0
2.2.1 LOANS AND FINANCING 0 0 0
2.2.2 DEBENTURES 0 0 0
2.2.3 PROVISION 0 0 0
2.2.4 LOANS FROM RELATED PARTIES 0 0 0
2.2.5 OTHERS 0 0 0
2.4 STOCKHOLDER’S EQUITY 1,449 1,427 1,778
2.4.1 PAID-IN CAPITAL 51 39 47
2.4.2 CAPITAL RESERVES 0 0 0
2.4.3 REVALUATION RESERVE 0 0 0
2.4.3.1 OWN ASSETS 0 0 0
2.4.3.2 SUBSIDIARIES / AFFILIATES 0 0 0
2.4.4 REVENUE RESERVES 0 0 0
2.4.4.1 LEGAL 0 0 0
2.4.4.2 STATUTORY 0 0 0
2.4.4.3 FOR CONTINGENCIES 0 0 0
2.4.4.4 UNREALIZED INCOME 0 0 0
2.4.4.5 FOR INVESTMENTS 0 0 0
2.4.4.6 SPECIAL FOR NON-DISTRIBUTED 0 0 0
  DIVIDENDS      
2.4.4.7 OTHER UNREALIZED INCOME 0 0 0
2.4.5 RETAINED EARNINGS 1,398 1,388 1,731

91


FEDERAL PUBLIC SERVICE    
CVM - SECURITIES COMMISSION    
ANNUAL INFORMATION BULLETIN - IAN   12/31/2008

01.01 - IDENTIFICATION        
 1 - CVM CODE   2 - NAME OF THE COMPANY   3 - TAXPAYER Nº
 00043-4   Aracruz Celulose S.A.   42.157.511/0001-61

19.0- SUBSIDIARIES

Riocell Trade S.A.

19.07 – STATEMENT OF CHANGES IN FINANCIAL POSITION – THOUSAND OF R$

1 – CODE 2 – DESCRIPTION 3 – FROM: 01/01/2008 TO 12/31/2008 4 – FROM: 01/01/2007 TO 12/31/2007 4 – FROM: 01/01/2006 TO 12/31/2006
3.1 GROSS SALES AND SERVICES REVENUE 0 0 0
3.2 SALES TAXES AND OTHER DEDUCTIONS 0 0 0
3.3 NET SALES REVENUE 0 0 0
3.4 COST OF GOODS SOLD 0 0 0
3.5 GROSS PROFIT 0 0 0
3.6 OPERATING (EXPENSES) INCOME (433) (46) (9)
3.6.1 SELLING 0 (93) 0
3.6.2 GENERAL AND ADMINISTRATIVE (17) (4) (79)
3.6.3 FINANCIAL (98) 84 70
3.6.3.1 FINANCIAL INCOME 24 318 191
3.6.3.2 FINANCIAL EXPENSES (122) (234) (121)
3.6.4 OTHER OPERATING INCOME 0 0 0
3.6.5 OTHER OPERATING EXPENSES (318) (33) 0
3.6.6 EQUITY IN THE RESULTS OF SUBSIDIARIES 0 0 0
3.7 OPERATING INCOME (LOSS) (433) (46) (9)
3.8 NON-OPERATING (EXPENSES) INCOME 0 0 0
3.8.1 INCOME 0 0 0
3.8.2 EXPENSES 0 0 0
3.9 INCOME(LOSS) BEFORE INCOME TAXES AND MANAGEMENT REMUNERATION (433) (46) (9)
3.10 INCOME TAX AND SOCIAL CONTRIBUTION 0 0 0
3.11 DEFERRED INCOME TAX ES 0 0 0
3.12 REMUNERATION 0 0 0
3.15 NET INCOME (LOSS) FOR THE PERIOD (433) (46) (9)
  CAPITAL STOCK-QUANTITY (THOUSANDS) 27,150 27,150 27,150
  EARNINGS PER SHARE   - -
  LOSS PER SHARE (0,01595) (0,00169) (0,00033)

92


FEDERAL PUBLIC SERVICE    
CVM - SECURITIES COMMISSION    
ANNUAL INFORMATION BULLETIN - IAN   12/31/2008

01.01 - IDENTIFICATION        
 1 - CVM CODE   2 - NAME OF THE COMPANY   3 - TAXPAYER Nº
 00043-4   Aracruz Celulose S.A.   42.157.511/0001-61

20.01 – INFORMATION REGARDING CORPORATE GOVERNANCE

Aracruz has constantly strived to carry out its activities according to the best practices in terms of corporate governance and the highest principles of transparency, sustainable growth and administrative independence.

Continuing with actions begun in previous years, additional measures have been adopted to ensure more structured operation of the various management bodies, with the following deserving to be highlighted:

Based on proposals already approved, in the year ahead we will be revising our Code of Conduct, which will be followed by a review of internal norms and policies.

All the procedures required by the Sarbanes-Oxley Act (SOX) oriented to ensuring an effective internal control environment were carried out during the year. In carrying out their work, our independent auditors, based on Section 404 of SOX, did not detect material weaknesses and issued an unqualified report.

A channel for anonymous communication, administered by an independent firm, was also established to receive tip-offs and other such communications, with guarantee of confidentiality. The flow of information is directed to the Audit Committee, which is completely independent in relation to Company management.

Just one anonymous communication was received in recent years, relating to doubts raised in 2006 regarding the Company’s internal norms. The inquiry was later cleared up by the channel itself.

Mission, Vision and Principles — In 2006 the Board of Directors approved a new version of the Aracruz Mission, Vision and Principles. In defining these foundations for our corporate governance, various areas of the Company contributed with inputs, as did interested outside parties, such as NGO’s, customers, other companies in our industry, investors and consultants.

  Mission

Offering products obtained in a sustainable manner from planted forests, generating economic, social and environmental benefits and thus contributing to people’s well being and quality of life index.

  Vision

Being recognized as a leader in the world pulp market.

  Principles

Our decisions and actions are guided by ethical values and adhere to the following business principles, which also orient our Code of Conduct:

- Integrity

93


FEDERAL PUBLIC SERVICE    
CVM - SECURITIES COMMISSION    
ANNUAL INFORMATION BULLETIN - IAN   12/31/2008

01.01 - IDENTIFICATION        
 1 - CVM CODE   2 - NAME OF THE COMPANY   3 - TAXPAYER Nº
 00043-4   Aracruz Celulose S.A.   42.157.511/0001-61

20.01 – INFORMATION REGARDING CORPORATE GOVERNANCE

We are committed to maintaining integrity by:

- Commitments to our shareholders

We create value for all our shareholders, with focus on operational excellence:

  We value long-term relationships:

  - Valuing our employees

We value our employees by:

- Engagement and Transparency

We cultivate engagement with our interested parties by:

94


FEDERAL PUBLIC SERVICE    
CVM - SECURITIES COMMISSION    
ANNUAL INFORMATION BULLETIN - IAN   12/31/2008

01.01 - IDENTIFICATION        
 1 - CVM CODE   2 - NAME OF THE COMPANY   3 - TAXPAYER Nº
 00043-4   Aracruz Celulose S.A.   42.157.511/0001-61

20.01 – INFORMATION REGARDING CORPORATE GOVERNANCE

- Harmony with the environment

We act in harmony with the environment and contribute to its protection:

  We exercise our corporate social responsibility by:

We stimulate the adoption of these principles by our business partners with a view to the sustainability of our productive chain.

Corporate reorganization – Based on the solid operational fundamentals of Aracruz and the opportunities for synergy with the Votorantim Group, though its pulp and paper subsidiary Votorantim Celulose e Papel (VCP), the Company announced that negotiations were concluded between the Lorentzen, Moreira Salles and Almeida Braga (Grupo Arapar) families for acquisition of approximately 28% of the voting capital of Aracruz Celulose for the amount of R$ 2.71 billion. Subsequently, on March 5, 2009, the Safra family exercised its tag along rights and sold its share amounting to 28% of the voting capital.

As a result of such reorganization, VCP will hold a stake of 84% of the voting capital of Aracruz, permitting creation of a Brazilian company that is the world leader in the pulp and paper industry.

Changes in the financial department – In order to strengthen its governance and bolster its structure in the financial area, on November 17 the Company announced the creation of a Control and Risk Management Department, independent of the already existing Financial and Investor Relations Department. This new department will monitor the activities relating to financial and operational risks. On that same date, executives Marcos Grodetzky and Evandro Coura respectively took over the positions of Chief Financial and Investor Relations Officer and Control and Risk Management Officer.

Internal controls – Besides creating a new control department, at the end of 2008 the Company engaged PricewaterhouseCoopers to recommend improved internal control practices and issue a diagnosis of models for management of corporate risks and automatic control. Based on this diagnosis, the Company is revising its internal controls and implementing improvements in the management of corporate risks and automatic control practices.

The main steps in this work include reviewing the governance models, structuring processes and controls; reviewing financial policies and approval levels; and reviewing the reporting structure. As a result, alterations will be made in part of our financial structure, chiefly as concerns the functions of monitoring financial and operational risks.

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FEDERAL PUBLIC SERVICE    
CVM - SECURITIES COMMISSION    
ANNUAL INFORMATION BULLETIN - IAN   12/31/2008

01.01 - IDENTIFICATION        
 1 - CVM CODE   2 - NAME OF THE COMPANY   3 - TAXPAYER Nº
 00043-4   Aracruz Celulose S.A.   42.157.511/0001-61

20.01 – INFORMATION REGARDING CORPORATE GOVERNANCE

As for reviewing processes, a detailed plan is the final phase of preparation with recommendations regarding controls (approvals, reconciliations), automation, optimization and alterations in the flow charts and descriptions of control activities and matrices, which should result in new reports and flow chart suggestions. Structuring of reports will be determined according to the informational needs of top-echelon management, committees and Board of Directors.

So far, some stages have already been carried out, including revisions of the approvals flow chart and definition of a new risk management model. With these changes, it is expected that we will obtain within a short time-frame a higher standard of managing corporate risks.

Policy of relationship with independent auditors – Pursuant to CVM Instruction No. 381/03, Aracruz has adopted formal procedures, prior to contracting other professional services not related to external auditing, of consulting our Independent Auditors. This measure is aimed at ensuring that performance of other services does not affect the independence and objectivity required for performance of independent audit services, as well as obtaining appropriate approval from the audit committee.

Further according to CVM Instruction No. 381/2003, the services performed by the Company’s external auditors (Deloitte Touche Tohmatsu Auditores Independentes) for fiscal year 2008 for the Company and its subsidiary, jointly held and affiliated companies were as follows:

Date services      Duration                    Nature of services   Total fees (R$)   % in relation to audit
were contracted               fees
February 2008   12 months   Audit   1,540,000.00   -
May 2008   5 weeks   Audit-related services   130,000.00   8.44%
Several months       Tax review (Brazil and overseas)   35,354.00   2.30%

Summary statement of justification of the Independentes Auditors (Deloitte Touche Tohmatsu,) as per item IV, article 2, of CVM Instruction No. 381/03:

The performance of other professional services not related to the external audit, as described above, has not affected either the independence or the objectivity of the external audit tests conducted with respect to the Company and its subsidiary and associated companies.

“Our policy of performing services at the Entity that are not related to the external audit work is based on the principles that preserve the independence of the external auditors, among them: (a) the auditor should not examine his or her own work, (b) the auditor cannot perform management functions at Entities where he or she performs external audit work, and (c) the independent auditor may not promote the interests of the Entity audited, which did not occur in the performance of the said services.”

* * * * *

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SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: June 10, 2009

ARACRUZ CELULOSE S.A.
By: /s/ Marcos Grodetzky
Name: Marcos Grodetzky
Title: Investor Relations Officer