ODEBRECHT USA | AUGUST 2010

With all that happens in our company, it’s important that we keep everyone informed. With that in mind, this newsletter captures the highlights from April until July/August.

The stories are organized in 4 main sections:

O BUSINESS addresses our project accomplishments, and future opportunities we are working on;

O LIFE is all about people working and living the Odebrecht life;

O SOCIAL ACTION covers our efforts to impact the lives of people in our community; and

O SUSTAINABILITY features our move towards sustainable practices.

Our next edition will be published in OCTOBER 2010. We count on you to share both the small and the big accomplishments of the Company, Teams, and Individuals.

Your contribution is vital. Help us spread the word!

To make your contribution or learn how you can be involved in the creation of the Odebrecht USA newsletter, please contact Denise B. Cruz at dbcruz@odebrecht.com

BUSINESS

NEW PROJECTLAKEFRONTPUMP STATIONS1 THRU 4

On April 15, Odebrecht USA was awarded a major hurricane flood-protection contract by the U.S. Army Corps of Engineers for the Jefferson Parish Lakefront community in the Greater New Orleans Area.

LPV 9.2 Lakefront Pump Stations 1 thru 4CLIENT:US Army Corps of Engineers

CONTRACT AMOUNT:$174,147,922

COMPLETION DATE:June 13, 2013

PROGRESS:3%

BonnabelSuburban

Elmwood

Duncan

BUSINESS

Valued at $174 million, LPV 9.2 Fronting Protection and Breakwater Modification at Jefferson Lakefront Pumping Stations No. 1 thru 4, consists of four individual pump stations on the South end of Lake Pontchartrain, approximately 11 miles northwest of downtown New Orleans in Jefferson Parish, Louisiana.

“We are very pleased for the opportunity to continue our excellent working relationship with the U.S. Army Corps of Engineers,” said Gilberto Neves, Odebrecht USA’s CEO. “Odebrecht has demonstrated its capacity to perform and deliver on other flood-protection projects in the area, and our team looks forward to the challenges of this new opportunity.”

Since receiving the Notice to Proceed in May, the Odebrecht team has been hard at work.

The new project includes construction of Frontage Protection Floodwalls across the discharge basins at Pumping Stations 1 through 4. The scope also includes significant improvements to two existing Breakwaters at Pumping Stations 2 and 3, reconstruction of an access road bridge, modifications to existing pumping station discharge pipes, dewatering systems and deep excavation which will require the use of Temporary Retaining Structures. O

NEW PROJECTLAKEFRONT PUMP STATIONS 1 THRU 4(CONTINUED)

LPV 03.2b West Return FloodwallCLIENT:US Army Corps of Engineers

CONTRACT AMOUNT:$82,642,365

COMPLETION DATE:April 12, 2012

PROGRESS:-

MORE GOOD NEWSFROM NEW ORLEANSOn July 15th, Odebrecht, along with a joint venture partner, signed an $82.6 million contract for a new project for the US Army Corps of Engineers in New Orleans.

The project, LPV-03.3b West Return Floodwall, includes the demolition of an existing floodwall, construction of a new 3-mile long floodwall, and modification of existing pump station discharge pipes.

The West Return Floodwall project is expected to be completed on April 12, 2012. The Notice to Proceed was received on August 6 and our team is already at work. O

NEW PROJECT

BUSINESS

METRORAIL’S

AIRPORTLINKMetrorail AirportLinkCLIENT:Miami-Dade Transit

CONTRACT AMOUNT:$360,405,395

COMPLETION DATE:April 29, 2012

PROGRESS:29%

METRORAIL’S

AIRPORTLINKAt the Station, the installation of the “ribs”- the roofing steel structure that gives the station character - has started. The third floor platform level and train emergency decking are under construction; escalators and elevators are already being installed.

The guideway is also making great progress with 82% of pile caps, 75% of columns and 73% of pier caps completed. U-Beams and segmental erection is ongoing as well as cast-in-place deck for U-beam and rail plinths.

All project design activities have been completed and submitted to the Client.

Additionally, a lot will occur in the next two months including construction of the deck and segmental erection on the North side of SR112, and pouring the WB tie-in cast-in-place deck by August. Station ZEPP’s, part of the roofing, and rail installation will also be on the go! O

Metrorail’s MIC-Earlington Heights Connector, recently renamed “AirportLink”, is moving at high speed!

BUSINESS

NORTHTERMINAL

MIA

Miami International Airport’s North Terminal moved one step closer to final completion on Tuesday, July 20, with the completed renovation and re-opening of 16 gates (D-1 to D-19) in the former Concourse A, which has been re-named and is now an extension of Concourse D. North Terminal’s security checkpoint #1, which provides direct access to the 16 new gates, also opened on July 20.

The eight gates closest to the checkpoint are fully operational and the additional eight will start serving flights in September when the North Terminal SkyTrain, a rooftop automated people mover system, begins service. The SkyTrain can transport passengers from one end of the mile-long concourse to the other, connecting flights within a few minutes.

Since the North Terminal’s Regional Commuter Facility and its two passenger gates opened for American Eagle passengers at the end of July, only six of the facility’s 50 gates now remain to be opened next year.

Additionally, MIA’s strong performance helped maintain “A” ratings and stable financial outlooks with all three major bond rating agencies for a July bond sale that is expected to be the final financing necessary to finish the airport’s Capital Improvement Program (CIP). In its bond rating report for MIA in June, Fitch Ratings noted, “The airport’s strengths include a well-balanced traffic profile between origin/destination and connecting passengers that serves domestic and international travel and enhanced management oversight of the capital improvement program.” O

MIA North TerminalCLIENT:Miami-Dade Aviation Department (MDAD)

CONTRACT AMOUNT:$1,055,501,216

COMPLETION DATE:June 28, 2011

PROGRESS:83%

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BUSINESS

MIA MOVERThe MIA Mover has made great progress during the past few months - construction is on time and the project has had zero accidents since it broke ground in March 2009.

The guideway continues to impress residents and visitors as they drive into the airport; finishing paint is being applied and the beam structure is complete from Le June to the MIA Station.

The MIA Mover Station roof was completed in July. Also, the design submittal for the 20 LEED points has been approved by USGBC and the project is on its way to becoming LEED Gold certified.

As for the trains, they are being manufactured in Japan and are scheduled to be delivered one month ahead of schedule, in November 2010. O

MIA Mover APM SystemCLIENT:Miami-Dade Aviation Department

CONTRACT AMOUNT:$2569,441,250

COMPLETION DATE:March 5, 2012

PROGRESS:46%

BUSINESS

MD-80 RELOCATION

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Odebrecht partnered with American to make possible the move of a 39-ton plane donated by American to the George T. Baker Aviation School. The job required lifting the plane from Miami International Airport over SR112 and LeJeune Road.

“Moving the airplane was truly an engineering feat, requiring extensive collaboration between American, Odebrecht and almost a dozen companies and government agencies,” said Peter Dolara, American’s Senior Vice President based in Miami. “It was a tough job, but we couldn’t be more thrilled for the students, who will get invaluable hands-on experience with a commercial aircraft.”

The move took place around 1 a.m. on May 20. Miami-Dade County and airport officials had to close a runway and surrounding roads, remove fencing, and build a temporary gravel road to transport the plane to the school, located adjacent to MIA.

Even before that plane was in the school, the students had already gained experience with the MD-80, prepping it for the move by taking off the wing tips and jet engines.

“On behalf of the Baker students, faculty, and staff – THANK YOU! Each of your commitment to see this through was a truly remarkable experience.” Sean Gallagan - Principal, George T. Baker Aviation School. O

CULTURE PROGRAMThis past May 7th marked the beginning of the Introduction to the Odebrecht Culture Program in the US. It included valuable speakers such as Board Member, Renato Baiardi and Project Executive, Lucas Prado. The Culture Program is a tool created by the Organization to help members get to know, understand and practice the Odebrecht Entrepreneurial Technology (TEO). The purpose is to make sure members know why it is important for them to develop certain Competencies and specific Characteristics so they can better succeed.

The Program has gotten excellent feedback from participants:

“For 15 years I thought I knew TEO. I was wrong!! The information received was so valuable that it will greatly help in everyday work activities.”Sam Ballan

“Beyond my expectations. Odebrecht is always beyond my expectations.”Ana Buitrago

“Absolutely great program to enhance one’s maturity level and guiding oneself to be a future leader.”Kanwar Lobana

“I really enjoyed this meeting. It really got me engaged in the company and TEO.”Umut Artuk

The first group to participate on the Program was composed of 40 Team Members, and will have its closing on August 30th. Continuing on the road to success, a second group is already scheduled to begin the Introduction to the Odebrecht Culture Program on August 31st. The program will continue in 2011. o

LIFE

Introduction to the Odebrecht Culturediscussion group

On April 29, more than 70 of our team members joined the 20,000 people who took over the streets of Miami to participate in the 25th Annual Corporate Run, which this year benefited the American Red Cross. Congratulations to Kim Perantoni (00:24:20) and Alf Newman (00:22:40) - the 2010 Odebrecht winners. o

2010MIAMICORPORATE RUN

As part of our Safety program, several initiatives have been launched, including CRP/AED classes. Odebrecht team members have received training in the basics of Cardio Pulmonary Resuscitation (CPR) and the use of an Automated External Defibrillator (AED). New classes are being offered and filling up fast! Contact Debbie Hampton for more information. o

HOW TOSAVE A LIFE

LIFE

by Emílio Odebrecht

An excellent internal climate is always the result of leaders’ attitudes and behaviors when they base their relationships with their team members (the people they lead) on sensitivity, respect, consistency, discernment, and constructive follow-up of each individual’s expected performance. The basic prerequisite for building relationships like these is the existence of a rich humanistic ingredient, whether it is present at the official or informal level. However, a favorable environment is also essential.

During over 40 years of experience as a business executive, I have learned that there are no ranks in the hierarchical ladder or vertical organization charts in a leadership-based organization. Vertical structures tend to symbolize centralization and identify the presence of authority at the top of the pyramid. The power of the chairman, top executives and their direct assistants emanates from the top down. It so happens that this authority does not lie within the company. It always lies with the client.

The supreme source of power in any company is its individualized client, and everyone in that company – from worker to chairman – must be at the service of that client. This is a horizontal structure, and as I have said, the commitment to service flows along the line connecting shareholders and clients. This establishes spheres of responsibility, each with its own delegated authority. It is precisely this sort of environment that produces a high degree of cooperation among teams, which will be greater and better to the extent that people are convinced they have a voice and are considered equal, while naturally respecting the relative weight of each individual’s responsibilities.

For leaders who believe it is important to get to know people well, this helps them establish relationships based on discipline, which produces respect and builds trust – the solution to all the risks inherent to both formal and informal relationships.

Such knowledge is a prerequisite for ensuring that leader-team member relations are freed from the bonds that formal roles and excessive pomp and ceremony impose on human relationships, and can be shaped by respectful informality. This is the best way to work when everyone shares a common aim: getting the best tangible and intangible results for the organization and its members. O

Firmly established personal relationships are the bedrock for cultural unity, team spirit and a shared commitment to both the individual and collective success in any organization.

SOCIAL ACTION

On April 17, nearly 8,600 volunteers charged their way to the 27 cleanup sites throughout Miami-Dade County and collectively helped to get rid of several tons of trash from the shorelines and nearby islands of Biscayne Bay. More than 20 volunteers from Odebrecht and the AirportLink project participated in the event. o

BAYNANZA 2010

On Saturday, May 15, 2010, Odebrecht and its joint venture partner were honored by the Miami-Dade County Foster and Adoptive Parent’s Association for toys donated to foster and adopted children during the 2008 and 2009 Holiday Season.

Shamele Jenkins, President of the Board, gave a heart-felt testimonial about how the toys Odebrecht has donated in the past two years have brought joy to numerous kids and families during the holiday season.

Odebrecht’s Tommy Valentine was emotional and stated “I do this because I don’t want any child to wake up and not have toys on Christmas morning.” o

FOSTER AND ADOPTIVE PARENTS ASSOCIATION

RECOGNITION

SUSTAINABILITY

On May 27, Miami Jackson High School hosted its “Career Exposition, From College to Careers Exploring our Future,” to acquaint students with various career opportunities available and the different roles they can play in society. Odebrecht was represented by volunteers from the AirportLink (Metrorail) project – Elizabeth Lamborghini, Mark Poropat, Alex Brito and Jacqueline Contney. Many of the students who take part in the school’s Architectural Drafting Program were extremely interested in learning about Odebrecht, its projects its our people. Odebrecht’s participation in the event provided first-hand experience to students so that they can make intelligent decisions about their future. O

CAREER EXPOAIRPORTLINK

Odebrecht USA’s outreach program’s goal is to reach 10,000 kids in our current projects’ neighboring schools until the end of 2011’s school year. In order to do that, we are counting on you to get involved. Volunteering can be a fun and rewarding experience. Try it! O

“This program has completely changed the way I look at my job. It has given new meaning to it.”Maria Rios

“Empowering children with knowledge is a rewarding experience! I want to continue to visit the schools to plant the seeds in the students’ minds on how they could help improve their environment at school, at home, and in their daily lives.” Marjorie Mckenzie

VOLUNTEER!SCHOOLS PROGRAM

Odebrecht participated and sponsored AMAC’s Airport Business Diversity Conference in New Orleans. The Airport Minority Advisory Council (AMAC), a 25 year old non-profit organization, is the premier advocate for Disadvantaged Business Enterprises pursuing concession and construction business opportunities in airports around the country.

The four-day conference featured seminar sessions on a wide variety of topics including industry updates, the economy, airport revenue streams and capital improvement programs, best practices in construction, winning proposals, and other related topics presented by officials from different US Departments of Transportation and the Federal Aviation Administration and directors of major US airports.

Odebrecht members from Miami and New Orleans attended the conference for valuable networking and continuous improvement of its small business assistance program. O

2010 AIRPORT BUSINESS DIVERSITY CONFERENCE

The Council of Bi-national Chambers of the Americas (CBCA) celebrated its VI Anniversary, presented by the Honorable Mayor Tomas Regalado. In a commemorative lunchon, the CBCA awarded Gilberto Neves, President & CEO of Odebrecht USA, their annual award as 2009’s Best Private Sector Executive in South Florida. Special recognition awards were also presented to Ileana Ross-Lethinen, US Congresswoman (Public Sector) and Eduardo Marturet, Conductor Miami Symphony Orchestra (Social Sector/Community).

The CBCA is an affiliation of multiple Chambers of Commerce based in Miami, including the Mexican, Nicaraguan, Costa Rican, Venezuelan, Ecuadorian, Colombian, Chilean, Panamanian, Peruvian, Argentinean, and Brazilian Chambers. Its purpose is to promote business between the United States and the Americas. O

SPECIAL RECOGNITION

NEW ORLEANS

COMMUNITY

NEXT EDITION: OCTOBER 2010

ODEBRECHT USA’S20 YEAR CELEBRATION

save the date

On October 13, 2010 Odebrecht will celebrate 20 years of operations in the United States at the Adrienne Arsht Center for the Performing Arts.

Odebrecht USA’s members are invited to the event to commemorate 20 years of partnership with our community.

Look for your invitation in the mail soon!