Itau Holding (5th consecutive year) and Itausa (for the 2nd consecutive year) Have Been Chosen for Inclusion in the Dow Jones Su

Itau Holding (5th consecutive year) and Itausa (for the 2nd
consecutive year) Have Been Chosen for Inclusion in the Dow Jones
Sustainability World Index - 2004/2005 


SAO PAULO, Brazil, Sept. 8  /PRNewswire-FirstCall/ -- Banco Itau Holding
Financeira S.A. and Itausa - Investimentos Itau S.A. are pleased to announce
that they have been selected as components of the Dow Jones Sustainability
World Index (DJSI World), together with 316 other companies from throughout the
world. Itau has been included in the index since its creation in 1999 while
Itausa has been chosen this year for the second consecutive time.

Since it was established in 1999, the DJSI has become an important benchmark
for foreign fund management institutions. These institutions base their
investment decisions and the diversified products they offer their customers
using as a yardstick the DJSI's component companies, given the latter's
commitment to social, environmental and cultural development.

The DJSI is made up of shares of companies of recognized corporate
sustainability able to create shareholder value over the long-term through the
maximizing of opportunities as well as managing the risks associated to
economic, environmental and social factors. In other words, the Index considers
not only financial performance, but principally the quality of corporate
management that should combine economic value with transparency, corporate
governance and social responsibility as a means of achieving long- term
sustainability.

The new composition of the DJSI comprises 318 companies from 24 countries with
a total market capitalization of US$ 6.5 trillion, being three Brazilian
companies. The Index is revised annually based on questionnaires sent to the
companies and information published in annual reports and on investor
relations' websites. The survey covered the 2,500 largest companies in the Dow
Jones World Index by market capitalization, representing 60 industrial sectors.
Only the 10% best classified companies in the sustainability ranking were
selected for inclusion in the index, based on the analysis of more than 50
items relating to economic, social and environmental performance. The research
and selection processes are audited by PricewaterhouseCoopers.

Itau Holding continues to be the only Latin American bank to be included in the
list. Among more than 30 items analyzed, of particular note were the Balance
Sheet and Risk and Crisis Management where Itau achieved the maximum score
(100%).

This year, Itausa also recorded top score in its particular business sector
under four criteria: Scorecard Systems, Environmental Performance, Brand
Management and Stakeholder Activism.

The participation in the Dow Jones index reflects the Itau Conglomerate's
long-term commitment to social, cultural and environmental responsibility,
recently seen in the adoption of the Equator Principles by both Itau and
Itau-BBA. We believe this commitment to be a crucial factor in our sustained
growth together with effective creation of shareholder value. 

DATASOURCE: Banco Itau Holding Financeira S.A.; Itausa - Investimentos Itau
S.A.



CONTACT:  Henri Penchas, Investor Relations Director of Itausa -

Investimentos Itau S.A., or Alfredo Egydio Setubal, Investor Relations

Director of Banco Itau Holding Financeira S.A., [phone]



Web site:  http://www.itau.com/

http://www.itau.com.br/ 

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