EPT Disclosure - Cia Vale do Rio Doce

22 februari 2008 DEALINGS BY CONNECTED EXEMPT PRINCIPAL TRADERS WITHOUT RECOGNISED INTERMEDIARY STATUS, OR WITH RI STATUS BUT NOT DEALING IN A CLIENT-SERVING CAPACITY (Rule 38.5(b) of the Takeover Code) 1. KEY INFORMATION +-------------------------------------------------------------------+ | Name of exempt principal trader | HSBC Financial Products | | | (France) SNC | |-----------------------------------------+-------------------------| | Company dealt in | Companhia Vale do Rio | | | Doce | |-----------------------------------------+-------------------------| | Class of relevant security to which the | Common shares ADR's | | dealings being disclosed relate (Note | | | 1) | | |-----------------------------------------+-------------------------| | Date of dealing | 21.02.08 | +-------------------------------------------------------------------+ 2. INTERESTS, SHORT POSITIONS AND RIGHTS TO SUBSCRIBE (a) Interests and short positions (following dealing) in the class of relevant security dealt in (Note 2) +-------------------------------------------------------------------------------------------+ | | Long | Short | | | | | |---------------+--------------------------+------------------------------------------------| | |Number |Number | | | (%) | (%) | |---------------+--------------------------+------------------------------------------------| |(1) Relevant |531,682 (0%) | | |securities | | | | | | | |---------------+--------------------------+------------------------------------------------| |(2) Derivatives|123,613 (0%) |1,249,537 (0%) | |(other than | | | |options) | | | | | | | |---------------+--------------------------+------------------------------------------------| |(3) Options and|1,800,000 (0%) |847,500 (0%) | |agreements to | | | |purchase/sell | | | | | | | |---------------+--------------------------+------------------------------------------------| |Total |2,505,295 (0%) |2,097,037 (0%) | | | | | +-------------------------------------------------------------------------------------------+ (b) Interests and short positions in relevant securities of the company, other than the class dealt in (Note 2) +--------------------------------------------------------------------------+ |Class of | Long | Short | |relevant | | | |security: | | | | | | | |---------------+----------------------------+-----------------------------| | |Number |Number | | | (%) | (%) | |---------------+----------------------------+-----------------------------| |(1) Relevant | | | |securities | | | | | | | |---------------+----------------------------+-----------------------------| |(2) Derivatives| | | |(other than | | | |options) | | | | | | | |---------------+----------------------------+-----------------------------| |(3) Options and| | | |agreements to | | | |purchase/sell | | | | | | | |---------------+----------------------------+-----------------------------| |Total | | | | | | | +--------------------------------------------------------------------------+ (c) Rights to subscribe (Note 2) +---------------------------------------+ | Class of relevant security: | Details | | | | |-----------------------------+---------| | | | +---------------------------------------+ 3. DEALINGS (Note 3) (a) Purchases and sales +----------------------------------------------------------------+ | Purchase/sale | Number of securities | Price per unit (Note 4) | | | | | |---------------+----------------------+-------------------------| | Sale | 1,080 | USD 31.3749 | | Purchase | 2,000 | USD 34.6600 | | Purchase | 20,000 | USD 34.6861 | | Purchase | 3,515 | USD 34,7900 | | Sale | 24,000 | USD 34.8700 | | Sale | 3,000 | USD 35.0400 | | Sale | 8,000 | USD 35.3710 | | | | | +----------------------------------------------------------------+ (b) Derivatives transactions (other than options) +-------------------------------------------------------------------+ | Product | Long/short | Number of securities | Price per unit | | name, | (Note 5) | (Note 6) | (Note 4) | | e.g. CFD | | | | |-------------+------------+-----------------------+----------------| | Equity Swap | Long | 225,390 | No balancing | | | | | payment | | | | | | +-------------------------------------------------------------------+ (c) Options transactions in respect of existing securities (i) Writing, selling, purchasing or varying +--------------------------------------------------------------------------------------+ |Product |Writing, |Number of |Exercise|Type, e.g.|Expiry |Option money | |name, |selling, |securities to which|price |American, |date |paid/received | |e.g. call|purchasing, |the option relates | |European | |per unit (Note| |option |varying etc.|(Note 6) | |etc. | |4) | | | | | | | | | |---------+------------+-------------------+--------+----------+--------+--------------| |Put |Writing |50,000 |USD 35 |American |18.04.08|USD 2.6500 | |option | | | | | | | +--------------------------------------------------------------------------------------+ (ii) Exercising +-------------------------------------------------------------------+ | Product name, e.g. | Number of securities | Exercise price per | | call option | | unit (Note 4) | | | | | |--------------------+----------------------+-----------------------| | | | | | | | | +-------------------------------------------------------------------+ (d) Other dealings (including new securities) (Note 3) +-------------------------------------------------------------------+ | Nature of transaction | Details | Price per unit (if applicable) | | (Note 7) | | (Note 4) | | | | | |-----------------------+---------+---------------------------------| | | | | | | | | +-------------------------------------------------------------------+ 4. OTHER INFORMATION Agreements, arrangements or understandings relating to options or derivatives +-------------------------------------------------------------------+ | Full details of any agreement, arrangement or understanding | | between the person disclosing and any other person relating to | | the voting rights of any relevant securities under any option | | referred to on this form or relating to the voting rights or | | future acquisition or disposal of any relevant securities to | | which any derivative referred to on this form is referenced. If | | none, this should be stated. | |-------------------------------------------------------------------| | | | | | | +-------------------------------------------------------------------+ Is a Supplemental Form 38.5(b) attached? (Note 8) YES +-------------------------------------------------------------------+ | Date of disclosure | 22.02.08 | |-------------------------------------------+-----------------------| | Contact name | Frédéric Boulier | |-------------------------------------------+-----------------------| | Telephone number | +33 1 5652 4277 | |-------------------------------------------+-----------------------| | Name of offeree/offeror with which | Companhia Vale do Rio | | connected | Doce | |-------------------------------------------+-----------------------| | Nature of connection (Note 9) | Connected advisor | +-------------------------------------------------------------------+ Notes The Notes on Form 38.5(b) can be viewed on the Takeover Panel's website at www.thetakeoverpanel.org.uk +SUPPLEMENTAL FORM 38.5(b) DETAILS OF OPEN POSITIONS (This form should be attached to Form 38.5(b)) OPEN POSITIONS (Note 1) +------------------------------------------------------------------------+ |Product name,|Written or|Number of |Exercise |Type, e.g.|Expiry | |e.g. call |purchased |securities to |price |American, |date | |option | |which the option |(Note 2) |European | | | | |or derivative | |etc. | | | | |relates | | | | |-------------+----------+-----------------+---------+----------+--------| |Equity Swap |Written |23,714 | | |20.07.11| |-------------+----------+-----------------+---------+----------+--------| |Call option |Written |200,000 |USD 27.50|American |16.01.09| |-------------+----------+-----------------+---------+----------+--------| |Put option |Written |50,000 |USD 26.25|American |16.01.09| |-------------+----------+-----------------+---------+----------+--------| |Call option |Written |50,000 |USD 26.25|American |16.01.09| |-------------+----------+-----------------+---------+----------+--------| |Equity Swap |Written |22,516 | | |15.10.08| |-------------+----------+-----------------+---------+----------+--------| |EMTN |Purchased |5,605 | | |15.10.08| |-------------+----------+-----------------+---------+----------+--------| |Equity Swap |Written |48,512 | | |08.04.09| |-------------+----------+-----------------+---------+----------+--------| |Equity Swap |Written |8,384 | | |16.10.08| |-------------+----------+-----------------+---------+----------+--------| |EMTN |Purchased |1,916 | | |16.10.08| |-------------+----------+-----------------+---------+----------+--------| |Accumulator |Written |38,179 | | |02.10.08| |-------------+----------+-----------------+---------+----------+--------| |Accumulator |Written |61,590 | | |03.10.08| |-------------+----------+-----------------+---------+----------+--------| |Equity Swap |Written |10,060 | | |23.04.08| |-------------+----------+-----------------+---------+----------+--------| |Put option |Written |397,500 |USD 30 |American |21.03.08| |-------------+----------+-----------------+---------+----------+--------| |Equity Swap |Written |46,230 | | |13.11.08| |-------------+----------+-----------------+---------+----------+--------| |EMTN |Purchased |9,246 | | |13.11.08| |-------------+----------+-----------------+---------+----------+--------| |Equity Swap |Written |31,618 | | |15.11.10| |-------------+----------+-----------------+---------+----------+--------| |Accumulator |Written |31,938 | | |30.10.08| |-------------+----------+-----------------+---------+----------+--------| |Equity Swap |Written |14,123 | | |12.05.09| |-------------+----------+-----------------+---------+----------+--------| |Equity Swap |Written |35,930 | | |11.06.09| |-------------+----------+-----------------+---------+----------+--------| |Equity Swap |Written |34,601 | | |15.06.09| |-------------+----------+-----------------+---------+----------+--------| |Put option |Written |300,000 |USD 27.5 |American |21.03.08| |-------------+----------+-----------------+---------+----------+--------| |Equity Swap |Written |16,010 | | |04.03.08| |-------------+----------+-----------------+---------+----------+--------| |Equity Swap |Written |4,671 | | |08.06.09| |-------------+----------+-----------------+---------+----------+--------| |Equity Swap |Written |12,695 | | |07.03.08| |-------------+----------+-----------------+---------+----------+--------| |EMTN |Purchased |3,171 | | |07.03.08| |-------------+----------+-----------------+---------+----------+--------| |Call option |Written |50,000 |USD 35 |American |20.06.08| |-------------+----------+-----------------+---------+----------+--------| |Put option |Written |50,000 |USD 35 |American |20.06.08| |-------------+----------+-----------------+---------+----------+--------| |Equity Swap |Written |9,581 | | |17.03.08| |-------------+----------+-----------------+---------+----------+--------| |Equity Swap |Written |8,623 | | |11.06.09| |-------------+----------+-----------------+---------+----------+--------| |Equity Swap |Written |24,126 | | |24.03.08| |-------------+----------+-----------------+---------+----------+--------| |EMTN |Purchased |4,819 | | |24.03.08| |-------------+----------+-----------------+---------+----------+--------| |Equity Swap |Written |24,480 | | |18.06.09| |-------------+----------+-----------------+---------+----------+--------| |Equity Swap |Written |10,635 | | |26.03.08| |-------------+----------+-----------------+---------+----------+--------| |Equity Swap |Written |14,851 | | |24.03.08| |-------------+----------+-----------------+---------+----------+--------| |EMTN |Purchased |2,970 | | |24.03.08| |-------------+----------+-----------------+---------+----------+--------| |Equity Swap |Written |43,116 | | |26.03.08| |-------------+----------+-----------------+---------+----------+--------| |Equity Swap |Written |9,581 | | |05.01.09| |-------------+----------+-----------------+---------+----------+--------| |Equity Swap |Written |9,581 | | |09.01.09| |-------------+----------+-----------------+---------+----------+--------| |Equity Swap |Written |13,414 | | |03.04.08| |-------------+----------+-----------------+---------+----------+--------| |EMTN |Purchased |1,341 | | |03.04.08| |-------------+----------+-----------------+---------+----------+--------| |Equity Swap |Written |5,749 | | |27.03.08| |-------------+----------+-----------------+---------+----------+--------| |Equity Swap |Written |14,372 | | |14.07.08| |-------------+----------+-----------------+---------+----------+--------| |Equity Swap |Written |18,971 | | |08.01.09| |-------------+----------+-----------------+---------+----------+--------| |Put option |Written |250,000 |USD 32.50|American |24.03.08| |-------------+----------+-----------------+---------+----------+--------| |Equity Swap |Written |62,494 | | |31.07.09| |-------------+----------+-----------------+---------+----------+--------| |Equity Swap |Written |37,501 | | |15.04.08| |-------------+----------+-----------------+---------+----------+--------| |Equity Swap |Written |11,498 | | |16.04.08| |-------------+----------+-----------------+---------+----------+--------| |Equity Swap |Written |28,169 | | |16.01.09| |-------------+----------+-----------------+---------+----------+--------| |Equity Swap |Written |11,977 | | |28.04.08| |-------------+----------+-----------------+---------+----------+--------| |EMTN |Purchased |2,395 | | |28.04.08| |-------------+----------+-----------------+---------+----------+--------| |Equity Swap |Written |170,394 | | |29.04.08| |-------------+----------+-----------------+---------+----------+--------| |EMTN |Purchased |34,062 | | |29.04.08| |-------------+----------+-----------------+---------+----------+--------| |Equity Swap |Written |7,186 | | |22.04.08| |-------------+----------+-----------------+---------+----------+--------| |Equity Swap |Written |107,790 | | |23.04.08| |-------------+----------+-----------------+---------+----------+--------| |EMTN |Purchased |21,558 | | |23.04.08| |-------------+----------+-----------------+---------+----------+--------| |Put option |Written |250,000 |USD 23.75|American |21.03.08| |-------------+----------+-----------------+---------+----------+--------| |Equity Swap |Written |134,737 | | |01.08.08| |-------------+----------+-----------------+---------+----------+--------| |EMTN |Purchased |26,947 | | |01.08.08| |-------------+----------+-----------------+---------+----------+--------| |Put Option |Written |500,000 |USD 27.50|American |19.09.08| |-------------+----------+-----------------+---------+----------+--------| |Call option |Written |150,000 |USD 30 |American |16.01.09| |-------------+----------+-----------------+---------+----------+--------| |Call option |Purchased |400,000 |USD 30 |American |15.02.08| |-------------+----------+-----------------+---------+----------+--------| |Equity Swap |Written |39,523 | | |01.03.10| |-------------+----------+-----------------+---------+----------+--------| |Equity Swap |Written |9,581 | | |02.06.08| +------------------------------------------------------------------------+ Notes 1. Where there are open option positions or open derivative positions (except for CFDs), full details should be given. Full details of any existing agreements to purchase or to sell should also be given on this form. 2. For all prices and other monetary amounts, the currency must be stated. For details of the Code's dealing disclosure requirements, see Rules 8 and 38.5 and their Notes which can be viewed on the Takeover Panel's website at www.thetakeoverpanel.org.uk ---END OF MESSAGE---