1. 4th UBS Latin America Fixed Income ConferenceMiami, May 17/18, 2007 2. TAM is a low cost company with better service at competitive pricesUndisputableBetter Service Sustainable…

1. Transportation and Logistic ConferenceDeutsche Bank July 10, 2007 2. Information and Projection This notice may contain estimates for future events. These estimates merely…

1. Merrill Lynch Global Transportation Conference New York, June 13 - 14, 2007 2. TAM is a low cost company with better service at competitive pricesUndisputableBetter Service…

1. Citigroup 15th Annual Latin America Conference New York, March, 2007 2. TAM is a low cost company with better service at competitive pricesUndisputableBetter Service Sustainable…

UBS Conference New York, November, 2006 * TAM is a low cost company with better service at competitive prices * Undisputed domestic market leader... Domestic Market Share…

Citigroup 15th Annual Latin America Conference New York, March, 2007 * TAM is a low cost company with better service at competitive prices * Since 2004 the domestic market…

4th UBS Latin America Fixed Income Conference Miami, May 17/18, 2007 * * TAM is a low cost company with better service at competitive prices * * The domestic market growth…

Slide 1 State of Air Transport focus on MID Region 1 ICAO Aviation Data Analyses Seminar Middle East (MID) Regional Office 27-29 October Economic Analysis and Policy (EAP)…