f080527a.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
May 2008

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



12/31/2007


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                
       Isac Roffé Zagury            
 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   iz@aracruz.com.br

01.05 - REFERENCE / AUDITOR    
 1 - LAST FISCAL YEAR, BEGINNING   2 - LAST FISCAL YEAR , ENDING
     01/01/2006      12/31/2006
 3 - CURRENT FISCAL YEAR, BEGINNING   4 - CURRENT FISCAL YEAR, ENDING
       01/01/2007      12/31/2007
 5 - NAME OF THE AUDITOR   6 - CVM CODE
     Deloitte Touche Tohmatsu Auditores Independentes      00385-9
 7 - NAME OF THE TECHINICAL RESPONSIBLE   8 - CPF Nº
 AMAURI FROMENT FERNANDES   174.625.417-34

2


FEDERAL PUBLIC SERVICE
CVM - SECURITIES COMMISSION
ANNUAL INFORMATION BULLETIN - IAN



12/31/2007


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
03/28/2008   05/02/2008
3 - ANNOUNCEMENT OF STOCKHOLDERS' MEETING TO APPROVE THE   4 - PUBLICATION OF FINANCIAL STATEMENTS
04/08/2008   01/16/2008

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
 05/13/2008   ( signed ) Isac Roffé Zagury

3


FEDERAL PUBLIC SERVICE
CVM - SECURITIES COMMISSION
ANNUAL INFORMATION BULLETIN - IAN



12/31/2007


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

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    Carlos Alberto Vieira   000.199.171-04     04/24/2007   12/31/2009   2   Yes   20   Chairman of Council of Administration
02    Eliezer Batista da Silva   607.460.507-63     04/24/2007   12/31/2009   2   Yes   22   Council of Administration
03    Haakon Lorentzen   667.258.797-72     04/24/2007   12/31/2009   2   Yes   22   Council of Administration
04    Luiz Aranha Corrêa do Lago   375.703.317-53     04/24/2007   12/31/2009   2   Yes   22   Council of Administration
05    João Carlos Chede   221.664.051-53     04/24/2007   12/31/2009   2   Yes   22   Council of Administration
06    Ernane Galvêas   007.998.407-00     04/24/2007   12/31/2009   2   Yes   22   Council of Administration
07    Raul Calfat   635.261.408-63     04/24/2007   12/31/2009   2   Yes   22   Council of Administration
08    Álvaro Luis Veloso   456.981.636-34     04/24/2007   12/31/2009   2   Yes   22   Council of Administration
09    Albano Chagas Vieira   024.802.606-23     04/24/2007   12/31/2009   2   Yes   23   Council of Administration Substitute
10    Luis Felipe Schiriak   607.757.007-97     04/24/2007   12/31/2009   2   Yes   23   Council of Administration Substitute
11    Isaac Sutton   047.010.738-30     04/24/2007   12/31/2009   2   Yes   23   Council of Administration Substitute
12    Rossano Maranhão Pinto   151.467.401-78     08/02/2007   12/31/2009   2   Yes   23   Council of Administration Substitute
13    José Eduardo Martins Moraes   550.770.307-82     04/24/2007   12/31/2009   2   Yes   22   Council of Administration
14    Mauro Agonilha   577.141.008-00     04/24/2007   12/31/2009   2   Yes   23   Council of Administration Substitute
15    Carlos Jurgen Temke   610.818.507-44     04/24/2007   12/31/2009   2   Yes   23   Council of Administration Substitute
16    Alex Harry Haegler   004.864.347-53     04/24/2007   12/31/2009   2   Yes   23   Council of Administration Substitute
17    Ivan Magalhães Junior   627.416.247-04     04/30/2008   12/31/2009   2   Yes   23   Council of Administration Substitute
18    Gilberto Lara Nogueira   386.364.768-87     04/24/2007   12/31/2009   2   Yes   23   Council of Administration Substitute
19    Alexandre D'Ambrosio   042.170.338-50     04/24/2007   12/31/2009   2   Yes   22   Council of Administration
20    Roberto Ruhman   003.424.218-08     04/24/2007   12/31/2009   2   Yes   23   Council of Administration Substitute
21    Carlos Augusto Lira Aguiar   032.209.829-72     07/24/2006   07/24/2009   1       10   Director President
22    Walter Lídio Nunes   151.624.270-04     07/24/2006   07/24/2009   1       19   Director of operations
23    João Felipe Carsalade   468.913.667-04     07/24/2006   07/24/2009   1       19   Commercial Director
24    Isac Roffé Zagury   261.319.197-04     07/24/2006   07/24/2009   1       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



12/31/2007


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    Wagner Braz   881.756.858-91     04/30/2008    04/30/2009   43   F.C. (Effective) Elect for the Majority Stockholder
02    Fernando Octávio Martins Alves   129.014.907-00     04/30/2008    04/30/2009   44   F.C. (Effective) Elect for the Preferred Stockholder
03    Sheila Periard Henrique Silva   069.227.887-70     04/30/2008    04/30/2009   46   F.C. (Substitute) Elect for the Majority Stockholder
04    Jorge Juliano de Oliveira   036.002.768-75     04/30/2008    04/30/2009   47   F.C. (Substitute) Elect for the Preferred Stockholder
05    Ubaldo Evangelista Neto   193.814.928-91     04/30/2008    04/30/2009   45   F.C. (Effective) Elect for the Minority Stockholder
06    Tadeu José Contrin Ribeiro   627.416.247-04     04/30/2008    04/30/2009   48   F.C. (Substitute) Elect for the Minority Stockholder

5


FEDERAL PUBLIC SERVICE
CVM - SECURITIES COMMISSION
ANNUAL INFORMATION BULLETIN - IAN



12/31/2007


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.      CARLOS ALBERTO VIEIRA
 
  Mr. Vieira has served since April 29, 2004, as the Chairman of our Board of Directors, of which he has been a member since April 15, 1988. He is also President of Banco Safra S.A. and President of the Board of Directors of Pastoril Agropecuária Couto Magalhães S.A. Further, he is also a member of the Board of Directors of the Brazilian Federation of Banks (FEBRABAN).
 
2.      ELIEZER BATISTA DA SILVA
 
  Mr. Batista da Silva has been a full member of the Board of Directors da Aracruz Celulose S.A. since June 28, 1996. He has held the positions of President & CEO and Chairman of the Board of Directors of Companhia Vale do Rio Doce (Vale) several times since 1961, Brazilian Government Secretary for Strategic Affairs in 1992, President of Minerações Reunidas Brasileiras S.A. (MRB) from 1964 to 1968 and Brazilian Minister of Mines and Energy from 1962 to 1964.
 
3.      HAAKON LORENTZEN
 
  Mr. Lorentzen has been a full Board member at Aracruz Celulose S.A. since April 29, 1991 and is the son of our former Board Chairman Mr. Erling Lorentzen. At present he serves as the Executive President of Lorentzen Empreendimentos S.A., as well as Board Chairman of Companhia de Navegação Norsul. He is also a Board Member of the NGO Ação Comunitária do Brasil (Brazilian Community Action), the Harvard Business School Latin American Research Center, the Brazilian Branch of the World Wildlife Fund (WWF Brasil) and Ideiasnet S.A.
 
4.      LUIZ ARANHA CORRÊA DO LAGO
 
  Mr. Corrêa do Lago was an alternate member of the Company’s Board of Directors da Companhia from April 1998 to April 2004, when he was elected as a full member. He has served as Planning Director of Lorentzen Empreendimentos S/A since 1988. He was also Director for Capital Markets of the Brazilian Central Bank (BACEN) from 1987 to 1988 and has been a Lecturer in the Economics Department of the Rio de January Pontifical Catholic University (PUC-RJ) since 1979.
 
5.      JOÃO CARLOS CHEDE
 
  Mr. Chede was an alternate member of our Board of Directors from April 2003 to April 2004. On April 29, 2005, he was elected as a full Board member. He has been Executive Director of Banco Safra S.A. since 1990, as well as Director of Safra Comércio e Serviço Ltda., Banco Safra de Investimentos S.A., Canárias Corretora de Seguros S.A., Sodepa Sociedade de Empreendimentos Publicidade e Participações Ltda. and Cedral Companhia de Comércio Exterior S.A.
 
6.      ERNANE GALVEAS
 
  Mr. Galveas has been a full member of the Board of Directors da Aracruz Celulose S.A since April 29, 1994. He was Director of the Foreign Exchange Agency of Banco do Brasil from 1966 to 1967 and also in 1979. He served as Brazil’s Finance Minister from 1980 to 1985. At Aracruz he was our Financial Director and, subsequently, Executive Vice-President from 1974 to 1979. Presently, he is also a member of the Board of Directors da Lorentzen Empreendimentos S.A., the leading graduate school Fundação Getúlio Vargas (FGV) and the Jacob Safra Bank in Switzerland. Moreover, he serves as Economic Consultant for the Brazilian National Trade Confederation and President of APEC – Associação de Pesquisa Econômica (Economic Research Association).
 

6


FEDERAL PUBLIC SERVICE
CVM - SECURITIES COMMISSION
ANNUAL INFORMATION BULLETIN - IAN



12/31/2007


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

7.      RAUL CALFAT
 
  Mr. Calfat has been a full member of the Board of Directors of Aracruz Celulose S.A since July 16, 2004. He has also been Administrative Director of Votorantim Investimentos Industriais S.A. since January of 2004 and Administrative Director of all the industrial businesses of Votorantim since January 2006. He 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.
 
8.      ÁLVARO LUIS VELOSO
 
  Mr. Veloso has been a full Board member of Aracruz Celulose S.A since April 1, 2005. He became Director for Corporate Planning and Business Development at Votorantim Investimentos Industriais S.A. in March 2005. From June 2004 to February 2005 he was president of a Peruvian zinc mining company. Prior to that he was President & CEO of Votorantim Metais from May 2002 to June 2004.
 
9.      ALBANO CHAGAS VIEIRA
 
  Mr. Chagas Vieira has been an alternate member of the Board of Directors of Aracruz Celulose S.A. since April 24, 2007. He has also been Corporate Director of Votorantim Investimentos Industriais since April 2006. He has worked in the steel industry since 1975, including as Executive Vice- President of Arcelor in Luxembourg from January 2004 to April 2006. Previously he was Executive Director for Operations of CSN from January 1999 to December 2003. He has a mechanical engineering degree from PUC RJ (1975) as well as a graduate degree in mechanical engineering from Rio de Janeiro State University - UERJ.
 
10.      LUIS FELIPE SCHIRIAK
 
  Mr. Schiriak has been an alternate member of the Board of Directors of Aracruz Celulose S.A. since April 24, 2007. He is corporate financial director for Votorantim Participações S/A., which serves as the holding company for the Votorantim Industrial Group. Previously, he served as Vice- President for Finances at BCP Telecomunicações S/A. (2001-2003), which was controlled by the Safra and Bell South groups and was subsequently sold to Telecom América. He was also CFO of the C&A Group (1995-2000). Previously he held various financial positions at Schlumberger Ltd., in Venezuela, Indonesia and France. He worked as an external auditor for Ernst & Young for seven years in Rio de January and Hartford, Connecticut - USA. He has a degree in Accounting from the University of Buenos Aires, Argentina, and has further taken several international courses in the financial area.
 
11.      ISAAC SUTTON
 
  Mr. Sutton has been an alternate member of the Board of Directors of Aracruz Celulose S.A. since 1996 and coordinator of the Company’s Audit Committee since it was established in 1997. He has also been a Director of the Safra banking group since 1994, in charge of new business development for the group’s holding company. He is also a member of the Board of Directors of Telenordeste Celular and Telecelular Sul (both belonging to the TIM Group). Previously, he served as Director of the Unigel Group (1992-1994), Marketing Director of Cosmoquímica (1986-1992) and Marketing Manager for Dow Química (1980-1986). He has a degree in Economics from the University of São Paulo – USP (1981).
 

7


FEDERAL PUBLIC SERVICE
CVM - SECURITIES COMMISSION
ANNUAL INFORMATION BULLETIN - IAN



12/31/2007


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

12. ROSSANO MARANHÃO PINTO

Mr. Maranhão Pinto was elected as an alternate member of the Board of Directors of Aracruz Celulose S.A. on April 30, 2008. He has a Bachelor’s Degree in Economics from AEUDF - Brasilia (DF), as well as an M.S. in Economics from the University of Illinois – USA and a Master’s Degree in Economic Policy from the University of Brasilia. He is a career employee of Banco do Brasil S.A.

13. JORGE EDUARDO MARTINS MORAIS

Born July 5, 1956, Mr. Martins Morais has been a full member of the Board of Directors of Aracruz Celulose S.A. since April 28, 2006. He has also been manager in the Monitoring Department of the Capital Markets Area of BNDES since March 2006. He has also held the following positions: Economic Advisor to the Ministry of Planning, Budget and Management, specializing in the Public-Private Partnership Unit, member of the Investments Committee of Fundo Brasil Private Equity (which was administered by Banco Garantia and later by Credit Suisse First Boston), a member of the Advisory Council of such fund, and a member of 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 a degree in Civil Engineering from Rio de Janeiro Federal University (UFRJ) and an MBA from COPPEAD/UFRJ.

14. MAURO AGONILHA

Mr. Agonilha has been an alternate member of the Company’s Board of Directors and Audit Committee since October 20, 2005. He is also executive director of the following companies: Brasil Warrant Administração de Bens e Empresas Ltda., Caminho Editorial Ltda., Cambuhy Agrícola Ltda., Consórcio Unibanco - BW, Imopar Participações Imobiliárias Ltda., Itaparica S.A. - Empreendimentos Turísticos, Marília Investimentos Ltd., MPC Participações S.A., MPC Representação e Participações S.A., Rima Participações S.A., Rima Representação e Participações S.A., Rosefield Finance Ltd., Santana Investimentos Ltda., São Teofilo Representação e Participações S/A., Unicorp Administração de Bens e Empresas Ltda. and Unicorp International Finance Corporation. He has an MBA from the University of Chicago – USA.

15. CARLOS JURGEN TEMKE

Mr. Temke has been an alternate member of the Board of Directors of Aracruz Celulose S.A. since April 28, 2003. He also serves as Director of Lorentzen Empreendimentos S.A. and Board Member of the technology and information companies in which the Lorentzen Group has investments. He has an Engineering Degree from UFRJ.

16. ALEX H. HAEGLER

Born April 30, 1933, Mr. Haegler has been an alternate member of the Board of Directors of Aracruz Celulose S.A. since April 29, 2004. He is also President of Haegler S.A., member of the Boards of Directors of Lorentzen Empreendimentos S.A., Cimento Mauá S.A., Sika S.A. and Aracruz Celulose S.A. He represents the international banking concern Credit Suisse in Brazil and also serves as Secretary of the NGO Ação Comunitária do Brasil. He has a degree in Economics from Harvard University - USA.

17. IVAN MAGALHÃES JUNIOR

Born January 31, 1960, Mr. Magalhães was elected as an alternate member of the Board of Directors of Aracruz Celulose S.A. on April 30, 2008. He is presently a member of the Board of Directors of Rio Polímeros S.A. and previously served as Board member for the following companies: NET Serviços de Comunicação S.A., Brasil Ferrovias S.A. and Tupy S.A. He has been a career employee of BNDES since 2003, serving as Manager of its Monitoring Department of the Capital Markets Area. Previously, he worked for 16 years in several financial institutions, always in the capital market and fund management areas. He has a degree in Fortification and Construction Engineering from the Military Engineering Institute (IME), a Master’s Degree in Economics from the Getúlio Vargas Foundation (FGV) and an MBA from COPPEAD/UFRJ.

8


FEDERAL PUBLIC SERVICE
CVM - SECURITIES COMMISSION
ANNUAL INFORMATION BULLETIN - IAN



12/31/2007


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

18. GILBERTO LARA NOGUEIRA

Born February 25, 1949, Mr. Lara Nogueira has been an alternate member of the Board of Directors of Aracruz Celulose S. A. since April 29, 2004. He has also served as Corporate Director for Organizational Development of Votorantim Participações since November of 2003. Previously he was worldwide Corporate Director of the Polyamide Division at the head office of Rhodia S/A in France. He has a degree in mechanical engineering from the Mauá Engineering School.

19. ALEXANDRE D'AMBROSIO

Mr. D’Ambrosio was born in São Paulo on August 1, 1962 and has been a full member of the Board of Directors of Aracruz Celulose S. A since April 29, 2004. He has also been Corporate Director of Votorantim Participações S/A since June of 2003. He is an attorney, with a degree from the Law School of the University of São Paulo (USP), as well as 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), as well as the District of Columbia Bar (USA) and the Court of International Trade, New York.

20. ROBERTO RUHMAN

Born in 1957, Mr. Ruhman has been an alternate member of the Board of Directors da Aracruz Celulose S. A. since December 7, 2006. He has also served as managing partner of the investment consulting firm RXZ Consultoria em Investimentos Ltda. since 2005. Previously he was Managing Director for the portfolio of Banco J. Safra S/A in São Paulo. He has a degree in Business Administration from the Getúlio Vargas Foundation’s Business School in São Paulo and is fluent in both English and French.

Members of the Executive Officers Committee: 21. CARLOS AUGUSTO LIRA AGUIAR

Born July 24, 1945, Mr. Lira Aguiar has been the President & CEO of Aracruz Celulose S. A. since April 17, 1998. Previously, he worked at several supervisory positions in pulp and paper mills, as well as in project areas. In 1981 he jointed Aracruz Celulose S. A. in the Company’s Operations Advisory division. He served as acting President of the Company from January 11, 1993 to November 16, 1993. He has a degree in Chemistry and Chemical Engineering from the Engineering School of the University of Ceará and has also taken advanced courses at Harvard University in the U. S. and Chelwood in the UK.

22. WALTER LÍDIO NUNES

Born October 1, 1948, Mr. Nunes has been Chief Operating Officer of Aracruz Celulose S. A. since May 27, 1998. He has held various supervisory positions in the industrial area since 1977. Until his appointment as COO he was Industrial Manager. He has a degree in Engineering from the Pontifical Catholic University of Rio Grande do Sul (PUC-RS) and has also taken specialization courses in management as well.

23. JOÃO FELIPE CARSALADE

Born September 14, 1945, Mr. Carsalade has been the Chief Commercial Officer of Aracruz Celulose S. A. since September 6, 1993. He has held various positions in the Company’s commercial area ever since 1976. Up until the time he was appointed as Chief Commercial Officer, he served as General Sales Manager. He has a degree in Business Administration from the Rio de Janeiro College of Political Science and Economics.

24. ISAC ROFFÉ ZAGURY

Born June 3, 1951, Mr. Roffé Zagary has been the CFO of Aracruz Celulose S. A since June 6, 2003. He held various executive positions at the Brazilian Development Bank (BNDES) since 1979, including Director in 2000 and Vice-President in 2002. In 1999, he was worked at the Federal Treasury Secretary’s Office. He has a master’s degree in Economics from Rio de Janeiro Pontifical Catholic University (PUC-RJ) .

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

9


FEDERAL PUBLIC SERVICE
CVM - SECURITIES COMMISSION
ANNUAL INFORMATION BULLETIN - IAN



12/31/2007


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


COMMITTEE AND EXECUTIVE OFFICERS COMMITTEE

Members of the Fiscal Council:

1. WAGNER BRAZ

Born December 17, 1955, Mr. Braz has been a full member of the Fiscal Council of Aracruz Celulose S.A. since April 2000. He is also an elected and ratified officer of the Brazilian Central Bank (BACEN), as well as Banco J. Safra S.A. (since April 9, 1999). Furthermore, he is Executive Superintendent of the Safra Conglomerate, in charge of the Control, Corporate Law and Fiscal areas of Banco Safra S/A, Safra Leasing S.A. Arrendamento Mercantil, Agropecuária Potrillo S.A., Pastoril Agropecuária Couto Magalhães S.A., Safra Distribuidora de Titulos e Valores Mobiliários Ltda., Safra Corretora de Valores e Câmbio Ltda., Safra Seguradora S.A. and other companies that are part of the Safra Conglomerate. He has a degree in Accounting.

2. FERNANDO OCTÁVIO MARTINS ALVES

Born November 7, 1944, Mr. Martins Alves is a full member of the Fiscal Council of Aracruz Celulose S.A. For 16 years now he has been a Financial Officer for the Lorentzen Group, at the following companies: Arapar S.A., Lorenpar S.A., Lorentzen Empreendimentos S.A. and Norbrasa Empreendimentos S.A. He has also served as a Director of the Rio de Janeiro Stock Exchange and as a lecturer at the Pontifical Catholic University of Rio de Janeiro (IAG-RJ) and the Getúlio Vargas Foundation (CADEMP-RJ). He has a degree in Civil Engineering from the Fluminense Federal University (UFF) School of Engineering.

3. SHEILA PERIARD HENRIQUE SILVA

Born August 22, 1963, Ms. Silva has been an alternate member of the Fiscal Council of Aracruz Celulose S.A. since April 29, 2004. She has a master’s degree in Industrial Economics from Rio de Janeiro Federal University (UFRJ) and has worked at the Holding Company of the Safra Group since 1997. Previous experience includes work at the following companies: Brasilpar Serviços Financeiros, Alcatel Telecomunicações, Pepsi-Cola International and Banco Brascan.

4. JORGE JULIANO DE OLIVEIRA

Born November 11, 1963, Mr. de Oliveira is an alternate member of the Fiscal Council of both Aracruz Celulose S.A. and Aracruz. He also serves as Corporate Manager for Internal Audit at Votorantim Participações S.A. He has a bachelor’s degree in Accounting from São Judas Tadeu University and is registered with the São Paulo Chapter of the Regional Accounting Council (CRC/SP) under No. 1SP-154.766/O -3.

5. UBALDO EVANGELISTA NETO

Born May 16, 1945, Mr. Evangelista Neto has been a full member of the Fiscal Council of Aracruz Celulose S.A. since April 30, 2008. He is a retired employee of Banco do Brasil (1994) where he was general service manager. He has a law degree from the Osasco College – Institute of Instruction (1979) and held the post of President of the Banco do Brasil Athletic Association in São Paulo (BB/SP) since 1997 as well as President of the Fiscal Council of the Banco do Brasil’s pension fund PREVI. He was a member of the Fiscal Council of CPFL Energia S.A. in 2003 and of PREVI in 2004.

6. TADEU JOSÉ CONTRIN RIBEIRO

Born March 10, 1954, Mr. Contrin Ribeiro has been an alternate member of the Fiscal Council of Aracruz Celulose S.A. since April 30, 2008. He has been a career employee of Banco do Brasil (BB) for 30 years and served that bank as Account Manager, Business Manager and Administrator at various BB agencies in São Paulo. He also served in 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) of BB employees. He has a law degree from Mackenzie Presbyterian University in São Paulo and a Graduate Degree in Financial Business from the Getúlio Vargas Foundation in Rio de Janeiro (FGV/RJ).

* * *

10


FEDERAL PUBLIC SERVICE
CVM - SECURITIES COMMISSION
ANNUAL INFORMATION BULLETIN - IAN



12/31/2007


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   04/30/2008   5,149                              483                              Yes                            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
               15,505,442                3.40            490,021,655   84.90                505,527,097              49.00

16 -PREFERRED STOCKS IN CIRCULATION IN THE MARKET
1 -Class   2 - AMOUNT (UNIT)   3 - PERCENTAGE
PNA   221,474   0.80
PNB   489,800,181   89.20

Nationality

11


FEDERAL PUBLIC SERVICE
CVM - SECURITIES COMMISSION
ANNUAL INFORMATION BULLETIN - IAN



12/31/2007


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    
01       Newark Financial Inc.         -     B.V. Islands   -   127,506   28.00     -   -     127,506   12.35     03/31/2008   Yes   Yes
02       Arainvest Participações 06.139.408/0001-25     Brazilian   SP   127,506   28.00     27,737   4.81     155,243   15.03     03/31/2008   Yes   Yes
        PREFERRED STOCK                                                    
Class   QU'TY   (000 )   QU'TY   (000 )                                                  
PNA       27,737         99.21                                                    
TOTAL       27,737         4.81                                                    
03       Arapar S.A.         29.282.803/0001-68     Brazilian   RJ   127,506   28.00     -   -     127,506   12.35     03/31/2008   Yes   Yes
04       BNDES Participações         00.383.281/0001-09     Brazilian   RJ   56,881   12.49     -   -     56,881   5.51     03/31/2008   Yes   Yes
05       U.S. Trust Company S.A.                                                              
                        American       -   -     44,117   7.64     44,117   4.27         No   No
        PREFERRED STOCK                                                    
Class   QU'TY   (000 )   QU'TY   (000 )                                                  
PNB       44,117         8.03                                                    
TOTAL       44,117         7.64                                                    
06       Treasure Hold                                                              
                        Virgin Islands   -   -   -     57,876   10.03     57,876   5.61         No   No
        InIInvestments Corp                                                              
        PREFERRED STOCK                                                    
Class   QU'TY   (000 )   QU'TY   (000 )                                                  
PNB       57,876         10.54                                                    
TOTAL       57,876         10.03                                                    

12


FEDERAL PUBLIC SERVICE
CVM - SECURITIES COMMISSION
ANNUAL INFORMATION BULLETIN - IAN



12/31/2007


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 Research and               American       -   -     30,580   5.30     30,580   2.96         No   No
        Management Company                                                              
        PREFERRED STOCK                                                    
Class   QU'TY   (000 )   QU'TY   (000 )                                                  
PNB       30,580         5.57                                                    
TOTAL       30,580         5.30                                                    
09       Wellington MGM         -     American   -   -   -     34,063   5.90     34,063   3.30         No   No
        Company                                                              
        PREFERRED STOCK                                                    
Class   QU'TY   (000 )   QU'TY   (000 )                                                  
PNB       34,063         6.20                                                    
TOTAL       34,063         5.90                                                    
10       Northern Cross         -     American   -   50,102   8.68     50,102   4.85     -   -         No   No
        Investiments Ltd                                                              
        PREFERRED STOCK                                                    
Class   QU'TY   (000 )   QU'TY   (000 )                                                  
PNB       50,102         9.12                                                    
TOTAL       50,102         8.68                                                    

13


FEDERAL PUBLIC SERVICE
CVM - SECURITIES COMMISSION
ANNUAL INFORMATION BULLETIN - IAN



12/31/2007


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    
011       Capital World Investors         -     American   -   -   -     35,812   6.20     35,812   3.47         No   No
        PREFERRED STOCK                                                    
Class   QU'TY   (000 )   QU'TY   (000 )                                                  
PNB       35,812         6.52                                                    
TOTAL       35,812         6.20                                                    
012       Impala Asset MGMT         -     American   -   -   -     29,364   5.09     29,364   2.84         No   No
        PREFERRED STOCK                                                    
Class   QU'TY   (000 )   QU'TY   (000 )                                                  
PNB       29,364         5.35                                                    
TOTAL       29,364         5.09                                                    
997       Treasuary Stock         -     -   -   483   0.11     1,483   0.26     1,966   0.19              
        PREFERRED STOCK                                                    
Class   QU'TY   (000 )   QU'TY   (000 )                                                  
PNB       1,483         0.27                                                    
TOTAL       1,483         0.26                                                    
998       Others                       15,509   3.40     234,335   40.60     249,844   24.20              
        PREFERRED STOCK                                                    
Class   QU'TY   (000 )   QU'TY   (000 )                                                  
PNA       221         0.79                                                    
PNB       234,114         42.63                                                    
TOTAL       234,335         40.60                                                    
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       27,958         100.00                                                    
PNB       549,205         100.00                                                    
TOTAL       577,163         100.00                                                    

14


FEDERAL PUBLIC SERVICE
CVM - SECURITIES COMMISSION
ANNUAL INFORMATION BULLETIN - IAN



12/31/2007



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.   03/31/2008

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.   03/31/2008

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 Investimentos Industriais S.A.   03.407.049/0001517        Brazilian   SP   105,702,450   100.00     677   0.00     105,703,127   51.78  
01010103      BNDES Participações S.A. - BNDESPAR   00.383.281/0001-09        Brazilian   RJ   -   -     7,555,369   7.67     7,555,369   3.70  
01010105      Board Member, Fiscal Council And Officer            Brazilian       -   -     3,020   0     3,020   0  
01010106      Treasuary Stock               1   0.00     -   -     28,901   0.01  
01010107      Others               1   0.00     90,883,989   92.33     90,883,990   44.52  
01010199      Total               105,702,452   100.000     98,433,055   100.00     204,145,507   100,00  

1 - ITEM   02 - NAME OF THE HOLDING COMPANY/ INVESTOR   2 - DATE OF CAPITAL COMPOSITION
010101010304   Votorantim Investimentos Industriais S/A   03/31/2008

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  

15


FEDERAL PUBLIC SERVICE
CVM - SECURITIES COMMISSION
ANNUAL INFORMATION BULLETIN - IAN



12/31/2007



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.                             03/31/2008      
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                             03/31/2008      
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  

16


FEDERAL PUBLIC SERVICE
CVM - SECURITIES COMMISSION
ANNUAL INFORMATION BULLETIN - IAN



12/31/2007


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.   03/31/2008

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.   03/31/2008

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  

17


FEDERAL PUBLIC SERVICE
CVM - SECURITIES COMMISSION
ANNUAL INFORMATION BULLETIN - IAN



12/31/2007



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.   03/31/2008

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.   03/31/2008

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  

18


FEDERAL PUBLIC SERVICE
CVM - SECURITIES COMMISSION
ANNUAL INFORMATION BULLETIN - IAN



12/31/2007



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.   03/31/2008

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   03/31/2008

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  

1 - ITEM   02 - NAME OF THE HOLDING COMPANY/ INVESTOR   2 - DATE OF CAPITAL COMPOSITION
02   Arainvest Participações S.A.   03/31/2008

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 - %
       0201    Joseph Yacoub Safra   006.062.278-49   Brazilian   SP   85,990   49.99     21,489   49.98     107,479   49.99  
       0202      Moise Yacoub Safra   006.062.198-20   Brazilian   SP   85,990   49.99     21,489   49.98     107,479   49.99  
       0203      Others   -   -   -   4   0.02     18   0.04     22   0.02  
       0299    Total               171,984   100.00     42,996   100.00     214,980   100.00  

19


FEDERAL PUBLIC SERVICE
CVM - SECURITIES COMMISSION
ANNUAL INFORMATION BULLETIN - IAN



12/31/2007


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.   03/31/2008

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   Lorentzen Empreendimentos S.A.   33.107.533/0001-26   Brazilian   RJ   694,143.246   74.33     30,256,477   3.24        724,399.723   38.78  
0302   São Teófilo Repres. Participações S.A.   03.214.652/0001-17   Brazilian   SP   227,914,404   24.40     727,273,073   77.87        955,187,477   51.14  
0303   Others   -   -   -   11,844.938   1.27     176,373,038   18.89        188,217,976   10.08  
0399   Total   -   -   -   933,902,588   100.00     933,902,588   100.00     1,867,805,176   100.00  

1 - ITEM   02 - NAME OF THE HOLDING COMPANY/ INVESTOR   2 - DATE OF CAPITAL COMPOSITION
0302   Lorentzen Empreendimentos S.A.   03/31/2008

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 - %
   030201      Nebra Participações Ltda   04.418.550/0001-86   Brazilian   RJ   60,656,395   45.68         -     - 60,656,395   45.68  
   030202      Tiba Participações Ltda   03.410.452/0001-30   Brazilian   RJ   16,488.717   12.42         -     - 16,488,717   12.42  
   030203      Others   -   -   -   3,239   0.00         -     - 3,239   0.00  
   030204      Loxosceles Participações S.A.   09.024.367/0001-10   Brazilian   RJ   27,818,554   20.95         -     - 27,818,554   20.95  
   030205      Picumnus Participações S.A.   09.032.670/0001-64   Brazilian   RJ   27,818,554   20.95         -     - 27,818,554   20.95  
   030299      Total   -   -   -   132,785,459   100.00         -     - 132,785,459   100.00  

1 - ITEM   02 - Name of THE holding company/ investor   2 - DATE OF CAPITAL COMPOSITION
   030202      Nebra Participações Ltda   03/31/2008

1 - ITEM   2 - NAME   2 - TAXPAYER NO.   3 - NATIONALITY   4 - STATE   5 - COMMON STOCK         6 - PREFERRED STOCK     7 - TOTAL SHARES    
                    6 - QU'TY   7 - %   8 - QU'TY   9 - %   10 - QU'TY   %
03020201   Haakon Lorentzen            667.258.797-72            Noruega   -   55,346,102   100.00     -   -     55,346,102   52.29
03020202   Others                      -                -   -   1   0.00     -   -     1   0.00
03020203   Erling Sven Lorentzen                Noruega       -   -     50,498,424   100.00     50,498,424   47.71
030202999   Total                      -                  -   -   55,346,103   100.00     50,498,424   100.00     105,844,527   100.00

20


FEDERAL PUBLIC SERVICE
CVM - SECURITIES COMMISSION
ANNUAL INFORMATION BULLETIN - IAN



12/31/2007


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
   030201   Loxosceles Participações S.A.   03/31/2008

1 - ITEM   2 - NAME   2 - TAXPAYER NO.   3 - NATIONALITY   4 - STATE   5 - COMMON STOCK         6 - PREFERRED STOCK     7 - TOTAL SHARES    
                    6 - QU'TY   7 - %   8 - QU'TY   9 - %   10 - QU'TY   %
03020101   Ingeborg Lorentzen Ribeiro   -   Noruega   -   2,145,615   75.48               2,145,615   37.74
03020102   Erling Sven Lorentzen   021.948.307-82   Noruega   -   -   -     1,478,173   52.00     1,478,173   26.00
03020103   Victoria Ragna Lorentzen Ribeiro   -   Brazilian   RJ   697,025   24.52     1,364,467   48.00     2,061,492   36.26
030201999   Total   -   -   -   2,842,640   100.00     2,842,640   100.00     5,685,280   100.00

1 - ITEM   02 - Name of THE holding company/ investor   2 - DATE OF CAPITAL COMPOSITION
   030202   Picumnus Participações S.A.   03/31/2008

1 - ITEM   2 - NAME   2 - TAXPAYER NO.   3 - NATIONALITY   4 - STATE   5 - COMMON STOCK         6 - PREFERRED STOCK     7 - TOTAL SHARES    
                    6 - QU'TY   7 - %   8 - QU'TY   9 - %   10 - QU'TY   %
03020101   Camocim Administradora S.A.   42.273.763/0001-56   Brazilian   RJ   23,065,314   100.00     -   -     23,065,314   74.00
03020102   Erling Sven Lorentzen   021.948.307-82   Noruega   -   -   -     8,104,030   100.00     8,104,030   26.00
03020103   Others   -   -   -   1   0.00     -   -     1   0.00
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
   030203   Camocim Administradora S.A.   03/31/2008

1 - ITEM   2 - NAME   2 - TAXPAYER NO.       3 - NATIONALITY   4 - STATE   5 - COMMON STOCK         6 - PREFERRED STOCK     7 - TOTAL SHARES    
                        6 - QU'TY   7 - %   8 - QU'TY   9 - %   10 - QU'TY   %
03020101   Ragnhild Lorentzen       -   Noruega   -   6,066,515   100.00         -     -   6,066,515   100.00
03020102   Others       -   -   -   2   -         -     -   2   -
030201999   Total       -   -   -   6,066,517   100.00         -     -   6,066,517   100.00

21


FEDERAL PUBLIC SERVICE
CVM - SECURITIES COMMISSION
ANNUAL INFORMATION BULLETIN - IAN



12/31/2007


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
0303   São Teófilo Repres. Participações S.A.   03/31/2008

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   Caminho Editorial Ltda   54.089.495/0001-04   Brazilian       SP   16,475,914   50.00     5,669,154   17.58     22,145,068   33.96
   0303002   Nalbra S I LLC   -   American       -   16,475,914   50.00     9,308,089   28.86     25,784,033   39.54
   0303003   Brasil Silva I LLC   07.534.265/0001-19   American       -   -   -     11,532,701   35.75     11,532,701   17.69
   0303004   Fernando Roberto Moreira Salles   002.938.068-53   Brazilian       SP   -   -     1,704,503   5.28     1,704,503   2.61
   0303005   Others   -       -   -   -   -     4,039,975   12.53     4,039,975   6.20
   0303999   Total   -       -   -   32,951,828   100.00     32,254,422   100.00     65,206,250   100.00

1 - ITEM   02 - Name of THE holding company/ investor   2 - DATE OF CAPITAL COMPOSITION
   0303001   Caminho Editorial Ltda   03/31/2008

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   %
0303001001   Brasil Warant Admin. de Bens e Empresas   33.744.277/0001-88   Brazilian       SP   128,321,043   86.45         -     -   128,321,043   86.45
0303001002   Other   -       -   -   20,109,957   13.55         -     -   20,109,957   13.55
0303001999   Total   -       -   -   148,431,000   100.00         -     -   148,431,000   100.00

22


FEDERAL PUBLIC SERVICE
CVM - SECURITIES COMMISSION
ANNUAL INFORMATION BULLETIN - IAN



12/31/2007


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
0303002   Nalbra S LLC   03/31/2008

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   %
030300201   Nalbra Inc.   05.625.528/0001-70   Bahamas       30,012,000   100.00         -     -   30,012,000      100.00
0303002999   Total   -   -   -   30,012,000   100.00         -     -   30,012,000      100.00

1 - ITEM   02 - Name of THE holding company/ investor   2 - DATE OF CAPITAL COMPOSITION
   0303003   Brasil Warant Admin. de Bens e Empresas   03/31/2008

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   %
   030300301   Fernando Roberto Moreira Salles   002.938.068-53   Brazilian   SP                          2   25.00                            2   25.00     4   25.00
   030300302   Walther Moreira Salles Junior   406.935.467-00   Brazilian   RJ                          2   25.00                            2   25.00     4   25.00
   030300303   Pedro Moreira Salles   551.222.567-72   Brazilian   SP                          2   25.00                            2   25.00     4   25.00
   030300304   João Moreira Salles   667.197.397-00   Brazilian   RJ                          2   25.00                            2   25.00     4   25.00
   030300399   Total   -   -   -                          8   100.00                            8   100.00     16   100.00

23


FEDERAL PUBLIC SERVICE
CVM - SECURITIES COMMISSION
ANNUAL INFORMATION BULLETIN - IAN



12/31/2007


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
04   BNDES Participações S.A.   03/31/2008

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   %
         0401   Banco Nac. Desenvol. Econ. Social - BNDES   33.657.248/0001-89                    Brazilian   DF   1   100.00     -         -   1   100.00
         0499   Total               1   100.00     -         -   1   100.00

1 - ITEM   02 - Name of THE holding company/ investor   2 - DATE OF CAPITAL COMPOSITION
0401   Banco Nac. Desenvol. Econ. Social - BNDES   03/31/2008

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   %
   040101   União Federal                      Brazilian   DF   6,273,711,452   100.00         -     -   6,273,711,452   100.00
   040199   Total               6,273,711,452   100.00         -     -   6,273,711,452   100.00

24


FEDERAL PUBLIC SERVICE
CVM - SECURITIES COMMISSION
ANNUAL INFORMATION BULLETIN - IAN



12/31/2007


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


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       7 - SUBSCRIBED         8 - PAID-UP  
            SHARES (000)   (R$ ‘   000 )   (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

25


FEDERAL PUBLIC SERVICE
CVM - SECURITIES COMMISSION
ANNUAL INFORMATION BULLETIN - IAN



12/31/2007


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

26


FEDERAL PUBLIC SERVICE
CVM - SECURITIES COMMISSION
ANNUAL INFORMATION BULLETIN - IAN



12/31/2007


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   DIVIDENDS   AGO / E    04/29/2003   12/31/2002   60,516     0,2894486463   COMMON       131,672   05/15/2003
 02   DIVIDENDS   AGO / E    04/29/2003   12/31/2002   60,516     0,3183935110   PREFERRED   A   12,839   05/15/2003
 03   DIVIDENDS   AGO / E    04/29/2003   12/31/2002   60,516     0,3183935110   PREFERRED   B   170,489   05/15/2003
 04   DIVIDENDS   AGO / E    04/29/2004   12/31/2003   878,434     0,3307997904   COMMON       150,483   05/14/2004
 05   DIVIDENDS   AGO / E    04/29/2004   12/31/2003   878,434     0,3638797694   PREFERRED   A   13,861   05/14/2004
 06   DIVIDENDS   AGO / E    04/29/2004   12/31/2003   878,434     0,3638797694   PREFERRED   B   195,656   05/14/2004
 07   DIVIDENDS   AGO / E    04/29/2005   12/31/2004   1,045,342     0,1378332460   COMMON       62,701   05/09/2005
 08   DIVIDENDS   AGO / E    04/29/2005   12/31/2004   1,045,342     0,1516165706   PREFERRED   A   5,765   05/09/2005
 09   DIVIDENDS   AGO / E    04/29/2005   12/31/2004   1,045,342     0,1516165706   PREFERRED   B   81,534   05/09/2005
 10   INTEREST ON STOCKHOLDERS’ EQUITY   RCA    06/09/2005   12/31/2004   1,045,342     0,1819398847   COMMON       82,766   10/25/2004
 11   INTEREST ON STOCKHOLDERS’ EQUITY   RCA    06/09/2005   12/31/2004   1,045,342     0,2001338732   PREFERRED   A   7,610   10/25/2004
 12   INTEREST ON STOCKHOLDERS’ EQUITY   RCA    06/09/2005   12/31/2004   1,045,342     0,2001338732   PREFERRED   B   107,624   10/25/2004
 13   INTEREST ON STOCKHOLDERS’ EQUITY   RCA    06/09/2005   12/31/2004   1,045,342     0,0294044258   COMMON       13,376   11/22/2004
 14   INTEREST ON STOCKHOLDERS’ EQUITY   RCA    06/09/2005   12/31/2004   1,045,342     0,0323448684   PREFERRED   A   1,230   11/22/2004
 15   INTEREST ON STOCKHOLDERS’ EQUITY   RCA    06/09/2005   12/31/2004   1,045,342     0,0323448684   PREFERRED   B   17,394   11/22/2004
 16   INTEREST ON STOCKHOLDERS’ EQUITY   RCA    06/09/2005   12/31/2004   1,045,342     0,0261883168   COMMON       11,913   12/28/2004
 17   INTEREST ON STOCKHOLDERS’ EQUITY   RCA    06/09/2005   12/31/2004   1,045,342     0,0288071484   PREFERRED   A   1,095   12/28/2004
 18   INTEREST ON STOCKHOLDERS’ EQUITY   RD    06/09/2005   12/31/2004   1,045,342     0,0288071484   PREFERRED   B   15,491   12/28/2004
 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

27


FEDERAL PUBLIC SERVICE
CVM - SECURITIES COMMISSION
ANNUAL INFORMATION BULLETIN - IAN



12/31/2007


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                              
 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
 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
 63   INTEREST ON STOCKHOLDERS’ EQUITY   RD   03/18/2008   12/31/2008   0     0,0707619240   PREFERRED   B   38,758   04/16/2008

28


FEDERAL PUBLIC SERVICE
CVM - SECURITIES COMMISSION
ANNUAL INFORMATION BULLETIN - IAN



12/31/2007


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                              
 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

29


FEDERAL PUBLIC SERVICE
CVM - SECURITIES COMMISSION
ANNUAL INFORMATION BULLETIN - IAN



12/31/2007


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

30


FEDERAL PUBLIC SERVICE
CVM - SECURITIES COMMISSION
ANNUAL INFORMATION BULLETIN - IAN



12/31/2007


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                                                    16,341             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)
        12/31/2007   12/31/2006   12/31/2005
01   PARTICIPATIONS -DEBENTURISTS            
02   PARTICIPATIONS - EMPLOYEES            
03   PARTICIPATIONS - MANAGEMENT            
04   PARTICIPATIONS - OTHER            
05   CONTRIBUTIONS - ASSISTANCE FUND            
06   CONTRIBUTIONS - PENSION FUND   6,573   6,107   5,340
07   OTHER - CONTRIBUTIONS            
08   NET PROFIT FOR THE YEAR   1,020,617   1,148,333   1,177,534
09   NET LOSS FOR THE YEAR            

31


FEDERAL PUBLIC SERVICE
CVM - SECURITIES COMMISSION
ANNUAL INFORMATION BULLETIN - IAN



12/31/2007


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       OPEN CONTROLLED   100.00   26.35   COMPANY COMMERCIAL, INDUSTRIAL AND OTHER
    LTD                    
 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

32


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12/31/2007


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


33


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ANNUAL INFORMATION BULLETIN - IAN



12/31/2007


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

Our predecessor company Aracruz Florestal S.A. (AFSA) was set up in 1967 for the purpose of planting eucalyptus forests. AFSA became a subsidiary of Aracruz in 1972 when Aracruz was organized and established. On July 20, 1993, AFSA was merged upstream into Aracruz. We began our first 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 our expansion plan, known as the 1991 Expansion Plan, that added a second production unit (Mill B), raising the rated production capacity of the Barra do Riacho Unit to approximately 1,025,000 tons per year. In 1994, our effective production capacity was increased further to 1,070,000 tons per year, through a system of enhancements and productivity gains. From October 1995 through December of 1998 we implemented a Modernization Project, increasing the rated capacity of the Barra do Riacho Unit to 1,240,000 tons per year and boosting our production efficiency.

In June 2000 our Board of Directors approved a new expansion of the rated production capacity of the Barra do Riacho Unit to the tune of an additional 700,000 tons per year, known as the Mill C Expansion Project. The Mill C Expansion Project involved adding a new pulp production line and making other modifications to the Unit’s existing equipment in order to even further bolster our cost-benefit ratio. Construction of Mill C 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 an increase in the Company’s forest areas, involving an additional planted area of approximately 65,200 hectares of eucalyptus trees. To meeting the rising demand, in June 2000 the Company acquired Terra Plana Agropecuária Ltda., whose assets consisted of 19,000 hectares of land appropriate for planting eucalyptus trees. Between July of 2000 and December 31, 2001, the Company acquired roughly another 44,000 hectares of land through a series of separate operations. Moreover, in September 2002, Bahia Sul (the present name of which is Suzano Papel e Celulose) and the Company signed a contract -- together with Companhia Vale do Rio Doce (now named simply Vale) and its wholly owned subsidiary, Florestas Rio Doce S/A – for the acquisition by Bahia Sul and the Company of equally divided forest assets comprised of about 40,000 hectares of lands and eucalyptus forests. The Company also signed a three-year wood supply contract with Veracel, the aim of which was to supply a total quantity of up to 3.85 million cubic meters of wood for the Mill C Expansion Project. In 2004 we managed to reach a total of around 62% of our demand for wood fiber from our own eucalyptus forests. In 2005, 2006 and 2007, we achieved percentages of approximately 90%, 91% and 86%, respectively, of our demand for wood from our own eucalyptus forests. In 2008 we expect to obtain around 77% of our demand for wood from our own eucalyptus forests, due to the rise in wood supplied under the Forest Producer Program, in accordance with Aracruz’s long-term planning for the supply of wood.

In December 2005 our Board of Directors approved another investment in the Barra do Riacho Unit, known as the Barra do Riacho Unit 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. These improvements will be carried out through modification and/or replacement of the equipment at Mills A, B and C, leading to a sustainable rise in rated capacity, an additional 200,000 tons per year. Investments in this project have been estimated at US$ 239 million, of which US$ 199 million has already been spent through the end of 2007 and a further US$ 40 million is slated for 2008, with 80% of the purchases being made in Brazil and 20% imported. The additional capacity of 200,000 tons per year should be reached by 2009.

09.01 - HISTORICAL OVERVIEW OF THE COMPANY

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12/31/2007


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


Portocel

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

At Portocel, two new mooring berths for barges capable of hauling finished products (wood and pulp) have been installed and increase in the port’s draft to 12.5 meters has been confirmed. With this increased depth, the terminal has been able to maximize the shipping capacity of all types of vessels specialized in transporting forest products, which will permit significant improvements and flexibility in the process of contracting freight services.

Aracruz Produtos de Madeira

In 1998 we acquired the entire equity stake previously held by Gutchess International Inc. in Tecflor Industrial S.A. [presently known as Aracruz Produtos de Madeira S.A. (“APM”)], a joint venture between Gutchess International Inc. and Aracruz that was created in 1997 for the purpose of manufacturing 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 has remained unaltered and its international sales continue to be handled 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 created for the purpose of planting eucalyptus trees and building a pulp mill. On January 31, 2003 the Company purchased an additional share in Veracel, corresponding to 5% of the latter’s capital stock, thus increasing our total stake to 50%. The other half of Veracel’s capital stock is held by Stora Enso OYJ ("Stora Enso"). Veracel is growing tracts of eucalyptus forests in the State of Bahia, thus diversifying our sources of wood supply for the Barra do Riacho Unit. In May 2003, the Company and its joint venture partner decided to invest a further US$ 940 million in Veracel, in order to build a mill with capacity to turn out 900,000 tons each year (Veracel Mill) for manufacture of BEKP in the State of Bahia. Construction of the Veracel Mill began in the second half of 2003 and operations started up in May 2005. Total budget outlays of US$ 1.30 billion have been slated for this project.

It took a period of 22 months from the time the keystone of the mill was set until operations began in May 2005.

The Veracel Mill has one of the lowest production costs in the world for bleached eucalyptus pulp, due to its modern equipment, nearby forest operations (within an average radius of 50 km) and high forest productivity. It is one of the largest single line pulp production lines of this type on the globe. The project uses leading-edge equipment, control systems and procedures that preserve the ecological quality of the local environment.

Owing to its location far from major urban centers, the Veracel Mill has contributed to job creation in a region (Southern Bahia) that features few employment opportunities for the local populace.

09.01 - HISTORICAL OVERVIEW OF THE COMPANY

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12/31/2007


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


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

Guaíba Unit

On May 30, 2003 the Company acquired from the Southern Brazilian pulp and paper concern Klabin S.A. the entirety of the capital stock of Riocell S.A. ("Riocell"), a major BEKP producer, for a purchase price of US$ 567 million. Riocell was the owner and operator of a mill (Riocell Mill) with rated capacity of 400,000 tons per year and also owned around 40,000 hectares of eucalyptus forest tracts in the State of Rio Grande do Sul. On January 7, 2004 Riocell was merged upstream by the Company and, at present, the Riocell Mill and the respective forest assets are operated as the Company’s Guaíba Unit. On September 15, 2004 the Company announced its modernization plan entitled the Guaíba Unit Optimization project. The systems involved in modernizing the Guaíba Unit began operating in November 2005 just as planned, and achieved their performance targets. The Optimization project permitted additional output of 30,000 tons already in 2006, thus increasing the Guaíba Unit’s rated capacity to 430,000 tons per year. In June 2006, the Company disclosed that preliminary studies had been concluded with respect to the viability of future expansion of the production capacity of the Guaíba Unit by approximately 1.3 million tons, which would increase the mill’s total capacity by roughly 1.8 million tons per year between 2010 and 2015. Environmental impact studies were concluded in June 2007 and in March 2008 the preliminary environmental license was issued relating to expansion of the Guaíba Unit’s rated capacity to 1.8 million tons per year.

Wood logistics

The maritime route for hauling wood accounted for the transportation of 1.3 million cubic meters of wood, which has meant a reduction of no less than 52 thousand truck trips, contributing mightily to the reduction of traffic on the main interstate highway in eastern Brazil (BR-101), along the section where Aracruz undertakes its forest operations.

In July 2007 a record was set for the amount of wood transported in a single month - 749 thousand cubic meters.

The commitment to sustainable development has oriented practices for handling the planting of eucalyptus trees and preservation of the ecosystems of the Atlantic Rainforest. The environmental practices adopted at the mills are likewise enhanced on an ongoing basis. The level of the Company’s social responsibility is also reflected, among other aspects, in the significant program for social action undertaken in the areas where the Company operates.

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

Aracruz was the only forest products company in the entire world to boast being a part of the DJSI World (Dow Jones Sustainability Index - World) in 2007, an important recognition on the international horizon for the seriousness of the Company’s sustainability practices. It is also listed on the São Paulo Stock Exchange (BOVESPA) Business Sustainability Index - ISE.

***

  09.02 - MARKET OVERVIEW

36


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12/31/2007


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


The world economy continued to expand at a steady pace in 2007, providing a positive environment for the paper and pulp industry, despite the uncertainties surrounding the performance of the U.S. economy.

Worldwide demand for paper and cardboard rose 2.7% over the previous year, exceeding the mark of 390 million tons. In the main consumer markets, North America, Europe and Asia, there was growth in all types of paper produced with pulp on the market – printing and writing paper, tissue and special papers.

Demand for eucalyptus pulp rose by more than 17% last year – equivalent to 1.4 million tons – which leveraged the entire pulp market segment, which grew 5% in relation to 2006.

Pulp shortages throughout the entire distribution chain affected supply, contributing to the reduction in inventories held by the major world pulp market producers. A series of factors, such as lack of wood, maintenance shutdowns and technical problems at certain production units, besides exchange issues, contributed to this decreased supply.

Despite expected capacity expansions in Latin America, the pulp market should remain steady in the next few years, with a rise in the demand for eucalyptus fiber, which should generate continuity of a favorable environment for Aracruz to achieve its growth strategy.

EVOLUTION OF INVENTORIES            
In thousands of tons   2005   2006   2007
Aracruz Group   411   454   396
World-wide inventories   949   1,086   1,165
EVOLUTION OF SALES            
In thousands of tons   2005   2006   2007
Aracruz Celulose   2,454   2,557   2,576
Aracruz Group   2,591   3,012   3,100
EVOLUTION OF PRICES            
In US$ (FOB) / ton   2005   2006   2007
Aracruz Celulose   351   390   470
Aracruz Group   502   542   583

* * * * *

  10.01 - PRODUCTS AND SERVICES OFFERED

37


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12/31/2007


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


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

38


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12/31/2007


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


10.02 - 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

39


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12/31/2007


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


10.03 - 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%

40


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12/31/2007


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)

41


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12/31/2007


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

After the bleaching process, the mass – stored in five storage towers – continues to the bleached mass purification system. The sheet of pulp is formed in five dewatering machines made up of one inlet Box each, a flat table and a printing section consisting of three presses. After pressing, the sheet passes through Flakt type driers, exiting with a dry weight of 90%. The sheets – which measure 6.0 meters in length at Mills A and B and 8 m in length at Mill C – are cut into finer sheets and bundled, forming bales weighing 250 Kg and measuring 45 x 67 x 92 cm. The bales are piled by forklifts and bound into units weighing 2,000 Kg.

ENERGY RECOVERY SYSTEM

The iron acetate (or black) liquor resulting from the boiling and washing progress, containing organic (wood) solids and inorganic solids besides (chemical products from the boiling process) is sent to the recovery system, which is comprised of:

The generation of steam takes place in the three Recovery Boilers by means of buying the concentrated black liquor and in the two Auxiliary Boilers by means of buying biomass (wood bark and residues). Fuel oil (BPF) is only used during unit stoppages and start-ups.

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

ELECTROCHEMICAL PLANT

As part of its strategy of concentrating on its principal activity, in December 1999 the Company sold its electrochemical plant to a Canadian group, Canadianoxy Chemicals Holdings Ltd., presently operating as Canexus. A long-term contract with the new owner was signed in order to guarantee the supply of chemical products required at extremely competitive prices for the next 24 years. This sale achieve three of our objectives: (1) capitalization, freeing funds up for strategic investments; (2) transfer of plant operating risks to a specialized producer with in-depth knowledge of the industrial processes; and (3) reductions in costs to be obtained with sharing of the economies of scale foreseen by the new owner as it expands this business line in Brazil.

INSURANCE

The various units of the Aracruz industrial complex began production in 1978 (Mill A), 1991 (Mill B) and 2002 (Mill C). The Company has taken out an insurance policy against fire, covering the installations, machinery, equipment, tanks, forests and inventories. There is also an insurance policy for business interruption (loss of income), machinery breakage and engineering risks.

The production process does not entail major risks that would cause a shutdown of the Company’s activities due to the effective computerized controls existing at the Industrial Plant.

Each year the Company carries out a Programmed Shutdown for preventive maintenance at each Mill, lasting from eight to 10 days at each one.

42


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CVM - SECURITIES COMMISSION
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12/31/2007


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

Aracruz’s pulp sales are carried out through its own offices in Switzerland (sales to Europe and the Middle East), the United States (sales to North America), Hong-Kong (sales to Asia) and São Paulo (sales to Brazil and the rest of Latin America). In relation to certain customers, sales to the Asian market are also carried out through agents defined by the Company.

Distribution is carried out through shipping companies contracted to haul the merchandise from the Company’s own port (Portocel) in the State of Espírito Santo – RS and Rio Grande, in the State of Rio Grande do Sul (RS) up to the terminals agreed to in advance with the customers. In the case of Brazil highway transportation is used to delivery pulp to the customers’ mills. The exportation process also features the sale of products by Aracruz Celulose to Aracruz Trading Hungary and Aracruz Trading S.A., which the Company controls. Aracruz Trading Hungary and Aracruz Trading S.A. are the firms that effectively Bill the customers overseas for almost all our sales.

In 2007, 98% of sales were made overseas. Sales distribution was as follows: 40% to Europe, 34% to North America, 24% to Asia and 2% to Latin America. The Company’s chief customers are non-integrated producers of high-quality papers, such as sanitary tissue, printing and writing paper and special papers.

* * * * *

43


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12/31/2007


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

* * * * *

44


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12/31/2007


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
                    (000 M2 )   AREA   (000 Ha)   (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   577,552,040         -     -     N   N   N        
03   Land   Fundão   Fundão   ES   9,670,180         -     -     N   N   N        
04   Land   Linhares   Linhares   ES   61,394,700         -     -     N   N   N        
05   Land   Serra   Serra   ES   52,003,010         -     -     N   N   N        
06   Land   Sooretama   Sooretama   ES   34,329,290         -     -     N   N   N        
07   Land   Conceição da Barra   Conceição da Barra   ES   375,085,850         -     -     N   N   N        
08   Land   Pinheiros   Pinheiros   ES   23,778,250         -     -     N   N   N        
09   Land   São Mateus   São Mateus   ES   332,579,750         -     -     N   N   N        
10   Land   Others   Others   ES   79,185,380         -     -     N   N   N        
11   Land   Vila Valério   Vila Valério   ES   28,912,540         -     -     N   N   N        
12   Land   Jaguaré   Jaguaré   ES   63,856,480         -     -     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   518,864,600         -     -     N   N   N        
16   Land   Caravelas   Caravelas   BA   393,737,360         -     -     N   N   N        
17   Land   Ibirapuan   Ibirapuan   BA   142,708,470         -     -     N   N   N        
18   Land   Mucuri   Mucuri   BA   217,963,290         -     -     N   N   N        
19   Land   Nova Viçosa   Nova Viçosa   BA   339,911,500         -     -     N   N   N        
20   Land   Prado   Prado   BA   7,783,460         -     -     N   N   N        
21   Land   Teixeira de Freitas   Teixeira de Freitas   BA   49,568,130         -     -     N   N   N        
22   Land   Vereda   Vereda   BA   34,333,900         -     -     N   N   N        
23   Land   Nanuque   Nanuque   MG   80,722,370         -     -     N   N   N        

45


FEDERAL PUBLIC SERVICE
CVM - SECURITIES COMMISSION
ANNUAL INFORMATION BULLETIN - IAN



12/31/2007


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
                    (000 M2 )   AREA (000 Ha)   (YEARS)           FROM THIRD   OF CONTRACT   CONTRACT
                                          PERSONS        
 24   Land   Carlos Chagas   Carlos Chagas   MG   55,887,360     -   -   N   N   N        
 25   Land   Cachoeira do Sul   Cachoeira do Sul   RS   72,697,970     -   -   N   N   N        
 26   Land   Arroio dos Ratos   Arroio dos Ratos   RS   56,307,770     -   -   N   N   N        
 27   Land   Triunfo and Barão do   Triunfo and Barão   RS   25,477,750     -   -   N   N   N        
        Triunfo   do Triunfo                                      
 28   Land   Barra do Ribeiro   Barra do Ribeiro   RS   117,240,650     -   -   N   N   N        
 29   Land   Butiá   Butiá   RS   94,468,580     -   -   N   N   N        
 30   Land   Santa Margarida do   Santa Margarida do   RS   34,305,800     -   -   N   N   N        
        Sul   Sul                                      
 31   Land   Dom Feliciano   Dom Feliciano   RS   43,349,460     -   -   N   N   N        
 32   Land   Eldorado do Sul   Eldorado do Sul   RS   35,029,670     -   -   N   N   N        
 33   Land   Guaíba   Guaíba   RS   30,076,480     -   -   N   N   N        
 34   Land   Minas do Leão   Minas do Leão   RS   41,342,480     -   -   N   N   N        
 35   Land   Pântano Grande   Pântano Grande   RS   83,631,890     -   -   N   N   N        
 36   Land   São Jerônimo   São Jerônimo   RS   45,518,520     -   -   N   N   N        
 37   Land   Mariana Pimentel   Mariana Pimentel   RS   32,465,710     -   -   N   N   N        
 38   Land   Tapes   Tapes   RS   24,827,230     -   -   N   N   N        
 39   Land   Rio Pardo   Rio Pardo   RS   35,300,900     -   -   N   N   N        
 40   Land   Others   Others   RS   194,173,240     -   -   N   N   N        
 41   Land   Encruzilhada do Sul   Encruzilhada do Sul   RS   65,142,540     -   -   N   N   N        

46


FEDERAL PUBLIC SERVICE
CVM - SECURITIES COMMISSION
ANNUAL INFORMATION BULLETIN - IAN



12/31/2007


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 -   8 - AGE (YEARS) 9 - INSURANCE   10 - MORTGAGE   11 - RENTED   12 - BEGINNIG 13 - END OF
                    (000 M2 )       BUILDING               FROM THIRD   OF CONTRACT CONTRACT
                          AREA   (000               PERSONS    
                              Ha)                    
42   Forests of Eucalyptus   Serra   Serra   ES   24,686,730         -            -   Y   N   N    
43   Forests of Eucalyptus   Montanha   Montanha   ES   25,945,450         -            -   Y   N   N    
44   Forests of Eucalyptus   Alcobaça   Alcobaça   BA   281,693,820         -            -   Y   N   N    
45   Forests of Eucalyptus   Ibirapuan   Ibirapuan   BA   85,001,400         -            -   Y   N   N    
46   Forests of Eucalyptus   Mucuri   Mucuri   BA   135,676,330         -            -   Y   N   N    
47   Forests of Eucalyptus   Nova Viçosa   Nova Viçosa   BA   193,471,440         -            -   Y   N   N    
48   Forests of Eucalyptus   Prado/Vereda   Prado/Vereda   BA   14,598,370         -            -   Y   N   N    
49   Forests of Eucalyptus   Caravelas   Caravelas   BA   240,163,280         -            -   Y   N   N    
50   Forests of Eucalyptus   Teixeira de Freitas   Teixeira de Freitas   BA   25,215,750         -            -   Y   N   N    
51   Forests of Eucalyptus   Carlos Chagas   Carlos Chagas   MG   24,341,370         -            -   Y   N   N    
52   Forests of Eucalyptus   Nanuque   Nanuque   MG   39,898,740         -            -   Y   N   N    
53   Forests of Eucalyptus   Butiá   Butiá   RS   56,505,160         -            -   Y   N   N    
54   Forests of Eucalyptus   Mariana Pimentel   Mariana Pimentel   RS   16,160,870         -            -   Y   N   N    
55   Forests of Eucalyptus   São Jerônimo   São Jerônimo   RS   29,617,990         -            -   Y   N   N    
56   Forests of Eucalyptus   Barra do Ribeiro   Barra do Ribeiro   RS   74,929,420         -            -   Y   N   N    
57   Forests of Eucalyptus   Minas do Leão   Minas do Leão   RS   25,910,540         -            -   Y   N   N    
58   Forests of Eucalyptus   Tapes   Tapes   RS   18,835,170         -            -   Y   N   N    
59   Forests of Eucalyptus   Guaíba   Guaíba   RS   17,402,410         -            -   Y   N   N    
60   Forests of Eucalyptus   Arroio dos Ratos   Arroio dos Ratos   RS   34,433,990         -            -   Y   N   N    
61   Forests of Eucalyptus   Eldorado do Sul   Eldorado do Sul   RS   22,880,210         -            -   Y   N   N    

47


FEDERAL PUBLIC SERVICE
CVM - SECURITIES COMMISSION
ANNUAL INFORMATION BULLETIN - IAN



12/31/2007


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 -   10 -   11 - RENTED FROM 12 - BEGINNIG OF 13 - END OF
                    (000 M2 )   AREA (000 Ha)   (YEARS)   INSURANCE MORTGAGE   THIRD PERSONS CONTRACT   CONTRACT
62   Forests of Eucalyptus   São Mateus   São Mateus   ES   232,301,600     -   -        Y          N   N    
63   Forests of Eucalyptus   Sooretama   Sooretama   ES   25,286,770     -   -        Y          N   N    
64   Forests of Eucalyptus   Aracruz   Aracruz   ES   336,899,620     -   -        Y          N   N    
65   Forests of Eucalyptus   Conceição da Barra   Conceição da Barra   ES   258,757,320     -   -        Y          N   N    
66   Forests of Eucalyptus   Jaguaré   Jaguaré   ES   40,997,400     -   -        Y          N   N    
67   Forests of Eucalyptus   Linhares   Linhares   ES   21,897,240     -   -        Y          N   N    
68   Forests of Eucalyptus   Pinheiros/Vila Valério/   Pinheiros/Vila Valério/   ES   36,006,140     -   -        Y          N   N    
        Mucurici   Mucurici                                  
69   Forests of Eucalyptus   Fundão /Stª Teresa   Fundão /Stª Teresa   ES   5,692,710     -   -        Y          N   N    
70   Forests of Eucalyptus   Rio Bananal   Rio Bananal   ES   3,661,260     -   -        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   35,943,030     -   -        Y          N   N    
73   Forests of Eucalyptus   Pantano Grande/ General   Pantano Grande/ General   RS   53,639,820     -   -        Y          N   N    
        Camara   Camara                                  
74    Forests of Eucalyptus   Charqueadas/Barão do   Charqueadas/Barão do   RS   10,582,350     -   -        Y          N   N    
        Triunfo   Triunfo                                  
75    Forests of Eucalyptus   Sertão Santana/ Sentinela   Sertão Santana/ Sentinela   RS   24,043,840     -   -        Y          N   N    
        Sul/R.Prado   Sul/R.Prado                                  
76    Forests of Eucalyptus   Amaral Ferrador/Camaquã   Amaral Ferrador/Camaquã   RS   21,257.520     -   -        Y          N   N    
77    Forests of Eucalyptus   Cachoeira do Sul   Cachoeira do Sul   RS   33,241.320     -   -        Y          N   N    
78    Forests of Eucalyptus   Cristal/Candelaria   Cristal/Candelaria   RS   10,044.780     -   -        Y          N   N    
79    Forests of Eucalyptus   Encruzilhada do Sul   Encruzilhada do Sul   RS   28,983.820     -   -        Y          N   N    

48


FEDERAL PUBLIC SERVICE
CVM - SECURITIES COMMISSION
ANNUAL INFORMATION BULLETIN - IAN



12/31/2007


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
                    (000 M2 )   AREA (000 Ha)   (YEARS)           FROM THIRD   OF CONTRACT   CONTRACT
                                          PERSONS        
80   Forests of Eucalyptus   Lavras do Sul   Lavras do Sul   RS   14,679.790     -   -   Y   N   N        
81   Forests of Eucalyptus   Stª Margarida do Sul   Stª Margarida do Sul   RS   16,605.350     -   -   Y   N   N        
82   Forests of Eucalyptus   São Gabriel   São Gabriel   RS   31,096.070     -   -   Y   N   N        
83   Forests of Eucalyptus   São Sepe   São Sepe   RS   8,370.690     -   -   Y   N   N        
84   Forests of Eucalyptus   Vila Nova do Sul   Vila Nova do Sul   RD   8,670.990     -   -   Y   N   N        
85   Forests of Preservation   Others   Others   ES   552,906.580     -   -   N   N   N        
86   Forests of Preservation   Others   Others   BA   636,166.960     -   -   N   N   N        
87   Forests of Preservation   Others   Others   MG   66,462.620     -   -   N   N   N        
88   Forests of Preservation   Others   Others   RS   346,152.300     -   -   N   N   N        

49


FEDERAL PUBLIC SERVICE
CVM - SECURITIES COMMISSION
ANNUAL INFORMATION BULLETIN - IAN



12/31/2007


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 March 31, 2008    
            PNA       PNB            
Stockholders   ON shares*      %   shares**      %   shares***   %        Total      %
Controlling Stockholders   439,400,228   96.50   27,736,642   99.20   57,875,517   10.50   525,012,387   50.85
Lorentzen   127,506,457   28.00   -   0.00   -   0.00   127,506,457   12.35
Safra (4)   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   -   0.00   -   0.00   127,506,457   12.35
BNDES   56,880,857   12.50       0.00       0.00   56,880,857   5.51
Administrators   1,905   0.00   -   0.00   46,207   0.00   48,112   0.00
   Board Members   1,905   0.00   -       29,009   0.00   30,914   0.00
Executive Officers   0   0.00   -   0.00   17,198   0.00   17,198   0.00
Fiscal Council   10   0.00   -   0.00   -   0.00   10   0.00
Treasury Stock (1)   483,114   0.10   -   0.00   1,483,200   0.30   1,966,314   0.19
Other Stockholders (2)   15,505,442   3.40   221,374   0.80   489,800,481   89.20   505,527,297   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   489,800,481   89.20   505,527,297   48.96

  * 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.

(4) Equity stake of Safra Group, consisting of: Arainvest Participações S. A. 127,506,457 ON shares, 27,736,642 PNA shares and Treasure Hold Investments Corp. 57,875,517 PNB shares.

50


FEDERAL PUBLIC SERVICE
CVM - SECURITIES COMMISSION
ANNUAL INFORMATION BULLETIN - IAN



12/31/2007


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 March 31, 2007                            
Stockholders   ON shares   %   PNA shares   %   PNB shares   %   Total   %
Controlling Stockholders   439,400,22                            
    8   96.49   37,736,642   99.40   82,268,047   15.25   559,404,917   54.18
   Lorentzen   127,506,45                            
    7   28.00   0   0.00   0   0.00   127,506,457   12.35
   Safra (4)   127,506,45                            
    7   28.00   27,736,642   73.06   57,875,517   10.73   213,118,616   20.64
   VCP   127,506,45                            
    7   28.00   0   0.00   0   0.00   127,506,457   12.35
   BNDES                                
    56,880,857   12.49   10,000,000   26.34   24,392,530   4.52   91,273,387   8.84
Administrators   2,005   0.00   0   0.00   76,707   0.00   78,712   0.00
   Board Members                                
    2,005   0.00   0   0.00   59,509   0.00   61,514   0.00
   Executive Officers                                
    0   0.00   0   0.00   17,198   0.00   17,198   0.00
Fiscal Council   10   0.00   0   0.00   0   0.00   10   0.00
Treasury stock (1)   483,114   0.10   0   0.00   1,483,200   0.30   1,966,314   0.19
Other stockholders (2)   15,505,342   3.41   225,913   0.60   455,372,912   84.45   471,104,167   45.63
Total shares issued (3)   455,390,69                            
    9   100.00   37,962,555   100.00   539,200,866   100.00   1,032,554,120   100.00
Shares in circulation (2)   15,505,342   3.41   225,913   0.60   455,372,912   84.45   471,104,167   45.63

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.

(4) Equity stake of Safra Group, consisting of: Arainvest Participações S. A. 127,506,457 ON shares, 27,736,642 PNA shares and Treasure Hold Investments Corp. 57,875,517 PNB shares.

51


FEDERAL PUBLIC SERVICE
CVM - SECURITIES COMMISSION
ANNUAL INFORMATION BULLETIN - IAN



12/31/2007


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 - INVESTEMENT PROJECTS

Capital Investments

In 2007 Aracruz’s capital investments reached a total of R$ 1.194 million, fully 65% higher than 2006. Highlights for this past year were the following:

Barra do Riacho Unit – Work was concluded on the optimization project, which increased the unit’s rated pulp production capacity by 200 thousand tons per year, making it now capable of turning out 2.33 million tons per year. As a result, we are expecting a reduction in the overall production cost to the tune of around US$ 5/t, on account of gains in scale and reduction in the consumption of raw materials.

Guaíba Unit – The initial phase of buying lands and forming forests to meet the needs of the project for increasing capacity has already been given the green light by the Board of Directors, and more than 70% of the lands have either already been purchased or deals have been clinched for such purchases. Final approval of the project, including the decision on the total investment in expansion, was made at a Board meeting in March 2008. The expansion project should be concluded in 2010 will increase the unit’s total capacity to 1.8 million tons per year.

The expansion project calls for construction of a new pulp production line alongside the present one with capacity to turn out 1.3 million tons per year — being able to attain 1.4 million tons on a medium-term horizon without the need for additional expenditures — which will demand investments on the order of US$ 1.8 billion. The preliminary forest and industrial environmental licenses have already been granted by the State Environmental Protection Foundation (Fepam-RS).

Low Cost of Production – The Mill project will be developed according to the concept of an EPC (Engineering, Procurement and Construction) agreement, with the equipment and services required for the projects contracted mainly from local suppliers. The highlight of this new Mill will be the low operating cost, even more competitive than the present Veracel Mill in which Aracruz has a 50% stake. New technologies and synergies will ensure operational excellence and low cost of production at the same time.

The new line will begin operating in August 2010, with adoption of modern environmental technologies that ensure less consumption of water and reduction in the volume of emissions and effluents, as well as better standards in terms of thermal and energy efficiency.

The Forest base will also receive an increment, rising to 160 thousand hectares of tracts planted with eucalyptus trees and 90 thousand hectares of native reserves intended for permanent conservation and legal reserve. This total includes leased areas, forest contracts and partnerships with producers. Total forest investments are slated at US$ 600 million, including the acquisition of lands, infrastructure and tree growing, with 40% of the total amount already realized.

Integrated Logistics – This project further encompasses the enhancement of logistics operations, with adoption of waterway routes for hauling raw materials and pulp. Around 50% of the raw material will reach the plant by water routes. To such end, three waterway terminals will be built in Guaíba, Rio Pardo and Cachoeira do Sul.

52


FEDERAL PUBLIC SERVICE
CVM - SECURITIES COMMISSION
ANNUAL INFORMATION BULLETIN - IAN



12/31/2007


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 - INVESTEMENT PROJECTS

Portocel – The first phase of the expansion project, which should be concluded in 2009, includes the construction of a new berth for ships, a new terminal for pulp barges, a sixth warehouse for storing pulp, dredging down to a depth of 12.5 meters, operational improvements and technical adaptations. Investments are estimated at US$ 80 million and will boost total handling capacity of the terminal to 7.5 million tons of pulp shipments per year in 2009.

A second stage of the expansion project is set to occur between 2010 and 2026. With investments on the order of US$ 244 million to be made by the port shareholders, Aracruz and Cenibra, the project calls for construction of four more mooring berths, two warehouses and a new railroad branch line, boosting annual handling capacity of the terminal to 17 million tons.

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

Capital investments in 2007 were allocated to the following projects:

    R$ million
Tree growing   285
Purchase of lands and forests   267
Other forest investments   60
Current industrial investments   101
Optimization projects (Guaíba and Barra do Riacho units)   298
Investments in Veracel   101
Investments in Portocel   53
Other investment   29
Total   1,194

* * *

53


FEDERAL PUBLIC SERVICE
CVM - SECURITIES COMMISSION
ANNUAL INFORMATION BULLETIN - IAN



12/31/2007


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 Company’s Environmental and Social Management System is fully implemented and consists of Environmental and Social Action Committees, as well as the Internal On-the-Job Accident Prevention Committees (CIPA’s).

The Aracruz project in these areas incorporates technologies that are compatible with both Brazilian environmental legislation and international standards.

Treatment of liquid effluents

The effluent treatment system at Aracruz is made up of a primary system and a secondary system. The primary system is the first stage in the treatment process whereby the effluents are neutralized and fibers and thick materials removed.

The secondary system is comprised of six ponds, four of them aerated ponds and two stabilization ponds. This system also features an emergency backup pond capable of retaining effluents for up to 12 hours of operation.

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

Quality of the final effluent is broken down as follows:

The discard of the treated effluents is carried out by means of an underground and underwater sewer interceptor made of polypropylene pipes, the length, diameter and thickness of which are approximately 2,500 m [1,000 mm in the underground portion (three pipes) and 1,100 m, 1,000 mm and 40 mm in the underwater portion (2 pipes)]. In the final part of the interceptor, submerged approximately 17 m, there are 70 100-mm diffusers in each one of the pipelines, 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 the system of treating the effluent and discarding it at sea is highly secure, guaranteeing the quality of the marine ecosystem, as proven by studies and annual follow-ups conducted with respect to the regional marine flora and fauna.

54


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12/31/2007


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

Treatment of gaseous effluents

Based on the same approach as in the treatment of liquid effluents, Aracruz has always sought to certify that all factors are taken into consideration to the utmost degree in its design project, chiefly environmental concerns. Some of the stages and equipment involved in the gaseous effluent treatment system are described as follows:

In short, we can state that at Aracruz: 99% of the particle material is removed and sent back into the process for re-utilization and 98% of the odor-forming compost is eliminated through direct burning in the limestone kilns and boilers, thereby ensuring that emissions into the atmosphere are minimized and meet the standards of applicable environmental legislation.

  15.01 - ENVIRONMENTAL MATTERS

55


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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


Environmental Performance - Biodiversity and Forest plants

Reconciling economic development with preservation of the environment is a global challenged that tends to increase in complexity with the continuous growth of the world’s population and consumption of goods requiring the use of natural resources.

As a result of this challenge, a major debate has ensued around the world between the total protection of biodiversity and the sustainable use of our natural resources, since the production of medicines and food for our future originates in our forests.

This issue is of the utmost importance to Aracruz, inasmuch as its business is intrinsically dependent upon such natural resources as water, soil and biodiversity.

There is a current of thinking which defends the position that the remaining areas of tropical rainforests in the world should be fully preserved intact, without any human activity whatsoever. For some, not even eco-tourism should be permitted, such that the forests are kept entirely isolated from society so that, through their own environmental balancing mechanisms, they can assure the preservation of all existing species.

The advance of economic activities, mainly those related to agriculture and livestock raising, in areas of native forests is pointed to as the element chiefly responsible for deforestation in Brazil. Aracruz planted its first eucalyptus seedlings in the 1960’s. This was done in the municipality (township) of Aracruz, in the Southeastern Brazilian State of Espírito Santo, in areas that for the most part had already been cleared of the native Forest. By way of example, one of the areas we originally purchased – measuring 8 thousand hectares – belonged to the Vitória Iron and Steel Company (Companhia Ferro e Aço de Vitória - Cofavi), which used the wood cut down in the area to produce the charcoal that fed its blast furnaces.

Today, Aracruz has 400 thousand hectares of lands that largely belong to the Atlantic Rainforest biome, of which 139.2 thousand hectares are native reserve areas kept entirely preserved and protected, without any economic use at all. Biodiversity studies have demonstrated that the interspersing of preserved areas and eucalyptus forest tracts can maintain and develop various animal species that are endemic to the Atlantic Rainforest.

By the same token, we are fully aware of the perception of a portion of our community that eucalyptus trees feature little diversity. Nonetheless, we consider that the biodiversity of eucalyptus tracts cannot be compared with native tropical forests that they do not aim to replace but rather should be compared instead with other crops that society needs for its comfort and well being. Eucalypts provides an alternative source of wood for a plethora of final uses, decreasing the pressure on native forests and contributing to keeping people on the land.

Aracruz condemns the use of wood illegally extracted for any purpose and takes 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.

In order to learn more about the interaction between its eucalyptus tracts, the native reserves of the Atlantic Rainforest and the environment in general, in 1993 Aracruz started the Micro-watershed Project (Projeto Microbacia). This project involves continuous environmental monitoring of the complete cycle of planting eucalyptus trees, the study of the relationship between these plants and the native forests and local fauna. Data regarding biodiversity, the hydrological cycle of eucalyptus plants and soil conditions are gathered, monitored and classified on an ongoing basis.

56


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12/31/2007


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 Fines

Fines

Barra do Riacho Unit

Our main production unit was not slapped with any environmental assessment notice or fine during the course of 2007.

Guaíba Unit

In 2005 this unit, located in the Southern Brazilian State of Rio Grande do Sul, was environmentally assessed in the amount of R$ 15,000.00 (fifteen thousand Reais). This fine was levied by the State Environmental Protection Foundation (Fepam) with respect to the emission of reduced sulfur compounds (TRS) above the established levels. Aracruz filed an appeal, reporting precise problems that occurred in the sources of TRS emissions that did not result in exceeding the established standards in the sum total of the sources, as well as problems in the electrostatic precipitators installed in 2005 that did not live up to the performance guaranteed by the supplier. A plan for putting the sources into line was proposed and agreed to with Fepam.

Caravelas Terminal

A notification and assessment notice were received from the sanitary authorities in relation to the Caravelas Terminal in 2006. The parameter for drinking water (quantity of fecal coliforms) at the Terminal was higher than the level legally permitted in the monitoring sample taken. Aracruz identified the cause and took the measures required to resolve the problem, by replacing the chlorine dosing mechanism.

* * * * *

57


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12/31/2007


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   - 2 - DESCRIPTION   3 - % NET EQUITY   4 - % NET PROFIT   5 - PROVISION   6 - VALUE (IN REAIS 000)
ITEM                    
01      LABOR DISPUTE              0.33   1.76   YES   18,012
02      TRIBUTARY / FISCAL              8.65   45.79   YES   467,314
03      OTHER              0   0   NO   0

  17.01 - TRANSACTIONS WITH RELATED PARTIES

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12/31/2007


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


Business transactions between the Parent Company and its subsidiary, jointly controlled and associated companies, such as the purchase and sale of products, purchase of raw materials and the contracting of services, are eliminated upon consolidation. Financial transactions, such as intercompany loans and prepayment agreements, involve effective interest rates that vary from 6.14% to 6.90% per annum, as well as exchange variation, that are likewise eliminated in the consolidation process.

(a) Subsidiary / Associated Companies

                          Parent Company  
                          2007     2006  
                  Portocel-                
                  Terminal                
                  Especia-   Aracruz            
    Aracruz         Mucuri   lizado de   Produtos            
    Trading     Agro   -   Barra do   de            
    International         florestal   Riacho   Madeira            
    Ltd.         S.A.   S.A.   S.A.   Total     Total  
Current assets   173,635             1,778   876   176,289     70,250  
Noncurrent assets             81   342       423     6,376  
Current liabilities   44,860             1,078       45,938     145,673  
Noncurrent   1,333,845                     1,333,845     548,019  
liabilities                                  
Sales revenues   2,270,685                 6,688   2,277,373     2,110,606  
Contracting of port                                  
   services                 13,973       13,973     14,221  
Financial expenses                                  
(revenues), net   (116,771 )                   (116,771 )   (53,839 )

59


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12/31/2007


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 eight-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, 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, four hundred and twenty-one) are class A and 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 Proposal of the Executive Officers Committee, unless such increase involves subscribing to shares for realization of assets, in which cases it depend upon approval of the General Meeting of Stockholders.

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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 occur without respecting the previously existing ratio between the various types and classes of shares.

Paragraph 3 - It will be up to the General Meeting of Stockholders to make the decision dealt with in the previous paragraph of this Article.

Paragraph 4 - The number of preferred shares without voting rights or subject to restrictions in the exercise of such right may not exceed 2/3 (two thirds) of the total shares issued, except in cases covered by special provisions of applicable Brazilian legislation regarding tax incentives.

Paragraph 5 - Stock splits shall always be carried out with the same type and class of shares split; capital increases arising from capitalization of the reserve resulting from the monetary restatement of paid-in capital shall be carried out without modification of the number of shares issued; the distribution of new shares resulting from capital increase by means of capitalization of earnings and reserves other than those referred to above shall be carried out – in relation to the common shares – through distribution of shares of the same type and – in relation to the preferred shares – through 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.

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12/31/2007


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.

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12/31/2007


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 9 (nine) and no more than 12 (twelve) members, one of whom will serve as Chairman and all of whom shall be stockholders resident in Brazil, elected by the General Meeting of Stockholders for terms of office lasting 3 (three) years, with re-election being permitted, and they shall remain in office until such time as their successors take office.

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.

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12/31/2007


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;
 

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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.

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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.

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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.

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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;

68


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12/31/2007


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.

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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.

Checks with the original; extracted from the appropriate document.

José Luiz Braga

Secretary

  19.0 - SUBSIDIARIES

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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


Aracruz Trading S.A.

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

1 – CODE   2 – DESCRIPTION   3 – DATE– 12/31/2007     4 – DATE– 12/31/2006     5 – DATE– 12/31/2005  
1   TOTAL ASSETS   292     348     28,140  
1.1   CURRENT ASSETS   292     348     17,708  
1.1.1   CASH AND CASH EQUIVALENTS   292     348     1,927  
1.1.1.1   BOX AND BANKS   292     241     171  
1.1.1.2   FINANCIAL APPLICATIONS   0     107     1,756  
1.1.2   CREDITS   0     0     5,665  
1.1.3   INVENTORIES   0     0     9,925  
1.1.4   OTHERS   0     0     191  
1.2   CURRENT NOT ASSETS   0     0     10,432  
1.2.1   LONG-TERM ASSETS   0     0     7,651  
1.2.1.1   CREDITS   0     0     0  
1.2.1.2   ACCOUNTS RECEIVABLE – RELATED PARTIES   0     0     7,651  
1.2.1.2.1   FROM AFFILIATES   0     0     7,651  
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     2,781  
1.2.2.1   INVESTMENTS   0     0     2,781  
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  

71


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ANNUAL INFORMATION BULLETIN - IAN



12/31/2007


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– 12/31/2006     4 – DATE– 12/31/2006     5 – DATE– 12/31/2005  
2   TOTAL LIABILITIES   292     348     28,140  
2.1   CURRENT LIABILITIES   0     8     4,612  
2.1.1   LOANS AND FINANCING   0     0     0  
2.1.2   DEBENTURES   0     0     0  
2.1.3   SUPPLIERS   (6 )   (6 )   4,606  
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     6  
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   292     340     23,528  
2.4.1   PAID-IN CAPITAL   173     208     228  
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   119     132     23,300  

72


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ANNUAL INFORMATION BULLETIN - IAN



12/31/2007


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: 01/01/2007 TO 12/31/2007     4 – FROM: 01/01/2006 TO 12/31/2006     5 – FROM: 01/01/2005 TO 12/31/2005  
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   10     543     (8,811 )
3.6.1   SELLING   0     (1,695 )   (8,796 )
3.6.2   GENERAL AND ADMINISTRATIVE   0     (28 )   (210 )
3.6.3   FINANCIAL   10     50     (1,386 )
3.6.3.1   FINANCIAL INCOME   12     1,764     2,358  
3.6.3.2   FINANCIAL EXPENSES   (2 )   (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)   10     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   10     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   10     132     23,300  
        7     7     7  
    CAPITAL STOCK-QUANTITY (THOUSANDS)   7,697,000     7,697,000     7,697,000  
    EARNINGS PER SHARE   0,00000     0,00002     0,00303  
    LOSS PER SHARE   -     -     -  

73


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12/31/2007


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– 12/31/2007     4 – DATE– 12/31/2006    5 – DATE– 12/31/2005 
1   TOTAL ASSETS   355,506     432,330     357,421  
1.1   CURRENT ASSETS   355,317     432,253     357,366  
1.1.1   CASH AND CASH EQUIVALENTS   1,308     22,813     10,290  
1.1.2   CREDITS   211,505     236,199     200,262  
1.1.3   INVENTORIES   140,473     171,578     142,614  
1.1.4   OTHERS   2,031     1,663     4,200  
1.2   CURRENT NOT ASSETS   189     77     55  
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   189     77     55  
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   189     77     55  
1.2.2.3   DEFERRED CHARGES   0     0     0  

74


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ANNUAL INFORMATION BULLETIN - IAN



12/31/2007


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 – 12/31/2007     4 – DATE– 12/31/2006    5 – DATE– 12/31/2005 
2   TOTAL LIABILITIES   355,506     432,330     357,421  
2.1   CURRENT LIABILITIES   341,533     420,181     345,703  
2.1.1   LOANS AND FINANCING   0     0     0  
2.1.2   DEBENTURES   0     0     0  
2.1.3   SUPPLIERS   339,335     415,894     345,167  
2.1.4   TAXES   0     0     0  
2.1.5   DIVIDENDS PAYABLE   2,198     866     536  
2.1.6   PROVISIONS   0     0     0  
2.1.7   LOANS FROM RELATED PARTIES   0     3,421     0  
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   13,973     12,149     11,718  
2.4.1   PAID-IN CAPITAL   354     428     468  
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   13,619     11,721     11,250  

75


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CVM - SECURITIES COMMISSION
ANNUAL INFORMATION BULLETIN - IAN



12/31/2007


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 : 01/01/2007 TO 12/31/2007     4 – FROM: 01/01/2006 TO 12/31/2006    5 – FROM: 01/01/2005 TO 12/31/2005 
3.1   GROSS SALES AND SERVICES REVENUE   1,256,357     1,437,931     1,321,955  
3.2   SALES TAXES AND OTHER DEDUCTIONS   (171,745 )   (239,856 )   (205,302 )
3.3   NET SALES REVENUE   1,084,612     1,198,075     1,116,653  
3.4   COST OF GOODS SOLD   (1,046,875 )   (1,165,360 )   (1,083,708 )
3.5   GROSS PROFIT   37,737     32,715     32,945  
3.6   OPERATING (EXPENSES) INCOME   (31,645 )   (30,273 )   (30,754 )
3.6.1   SELLING   (27,744 )   (27,224 )   (26,269 )
3.6.2   GENERAL AND ADMINISTRATIVE   (2,301 )   (2,429 )   (1,826 )
3.6.3   FINANCIAL   177     (618 )   (2,659 )
3.6.3.1   FINANCIAL INCOME   193     (32,126 )   (48,599 )
3.6.3.2   FINANCIAL EXPENSES   (16 )   31,508     45,940  
3.6.4   OTHER OPERATING INCOME   0     0     0  
3.6.5   OTHER OPERATING EXPENSES   (1,777 )   (2 )   0  
3.6.6   EQUITY IN THE RESULTS OF SUBSIDIARIES   0     0     0  
3.7   OPERATING INCOME (LOSS)   6,092     2,442     2,191  
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   6,092     2,442     2,191  
3.10   INCOME TAX AND SOCIAL CONTRIBUTION   (2,183 )   (997 )   (1,318 )
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   3,909     1,445     873  
    CAPITAL STOCK-QUANTITY (THOUSANDS)   200,000     200,000     200,000  
    EARNINGS PER SHARE   0,01955     0,00723     0,00437  
    LOSS PER SHARE   -     -     -  

76


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12/31/2007


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 – 12/31/2007     4 – DATE– 12/31/2006    5 – DATE– 12/31/2005 
1   TOTAL ASSETS   76,255     76,224     75,541  
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                  
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   76,255     76,224     75,541  
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   76,255     76,224     75,541  
1.2.2.4   DEFERRED CHARGES   0     0     0  

77


FEDERAL PUBLIC SERVICE
CVM - SECURITIES COMMISSION
ANNUAL INFORMATION BULLETIN - IAN



12/31/2007


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– 12/31/2007    4 – DATE– 12/31/2006    5 – DATE– 12/31/2005 
2   TOTAL LIABILITIES   76,255     76,224     75,541  
2.1   CURRENT LIABILITIES   81     6,049     5,366  
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   81     6,049     5,329  
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     70,175     70,175  
2.4.1   PAID-IN CAPITAL   78,299     72,300     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 )

78


FEDERAL PUBLIC SERVICE
CVM - SECURITIES COMMISSION
ANNUAL INFORMATION BULLETIN - IAN



12/31/2007


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 – 12/31/2007     4 – DATE– 12/31/2006    5 – DATE– 12/31/2005 
1   TOTAL ASSETS   125,446     124,270     7,867  
1.1   CURRENT ASSETS   65,618     118,759     5,964  
1.1.1   CASH AND CASH EQUIVALENTS   55,461     109,966     3,043  
1.1.2   CREDITS   3,761     3,932     2,729  
1.1.3   INVENTORIES   0     0     0  
1.1.4   OTHERS   6,396     4,861     192  
1,2   CURRENT NOT ASSETS   59,828     5,511     1,903  
1.2.1   LONG-TERM ASSETS   3,230     1,190     1,258  
1.2.1.1   CREDITS   2,511     1,190     704  
1.2.1.1.1   DEFERRED TAXES   2,511     1,190     704  
1.2.1.1.2   TAXES   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   719     0     554  
1.2.1.3.1   ESCROW DEPOSITS   719     0     554  
1.2.2   FIXED ASSETS   56,598     4,321     645  
1.2.2.1   INVESTMENTS   20     20     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     20     20  
1.2.2.2   PROPERTY, PLANT AND EQUIPMENT   56,598     4,301     625  
1.2.2.3   DEFERRED CHARGES   0     0     0  

79


FEDERAL PUBLIC SERVICE
CVM - SECURITIES COMMISSION
ANNUAL INFORMATION BULLETIN - IAN



12/31/2007


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– 12/31/2007    4 – DATE– 12/31/2006    5 – DATE – 12/31/2005
2   TOTAL LIABILITIES   125,446     124,270     7,867  
2.1   CURRENT LIABILITIES   17,565     12,696     4,079  
2.1.1   LOANS AND FINANCING   4,797     6,727     0  
2.1.2   DEBENTURES   0     0     0  
2.1.3   SUPPLIERS   5,180     1,230     1,564  
2.1.4   TAXES   5,074     2,493     494  
2.1.5   DIVIDENDS PAYABLE   0     0     0  
2.1.6   PROVISIONS   2,172     1,919     1,162  
2.1.6.1   VACATION AND 13rd SALARY   2,172     1,919     1,162  
2.1.7   LOANS FROM RELATED PARTIES   342     327     859  
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   100,023     107,697     2,158  
2.2.1   LONG-TERM LIABILITIES   100,023     107,697     2,158  
2.2.1.1   LOANS AND FINANCING   94,014     104,460     0  
2.2.1.2   DEBENTURES   0     0     0  
2.2.1.3   PROVISION   5,493     2,684     2,133  
2.2.1.3.1   TAX CONTINGENCIES   0     0     233  
2.2.1.3.2   LABOR CONTINGENCIES   5,493     2,684     1,900  
2.2.1.4   LOANS FROM RELATED PARTIES   0     0     0  
2.2.1.5   OTHERS   516     553     25  
2.2.1.5.1   OTHERS   78     82     0  
2.2.1.5.2   TAX TO PAY   438     471     0  
2.4   STOCKHOLDER’S EQUITY   7,858     3,877     1,630  
2.4.1   PAID-IN CAPITAL   2,304     1,573     1,573  
2.4.2   CAPITAL RESERVES   1,772     132     19  
2.4.3   REVALUATION RESERVE   0     0     0  
2.4.3.1   OWN ASSETS   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  
2.4.5   RETAINED EARNINGS   3,782     2,172     38  

80


FEDERAL PUBLIC SERVICE
CVM - SECURITIES COMMISSION
ANNUAL INFORMATION BULLETIN - IAN



12/31/2007


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: 01/01/2007 TO 12/31/2007    4 – FROM: 01/01/2006 TO 12/31/2006    5 – FROM: 01/01/2005 TO 12/31/2005 
3.1   GROSS SALES AND SERVICES REVENUE   53,563     41,347     25,611  
3.2   SALES TAXES AND OTHER DEDUCTIONS   (6,315 )   (4,800 )   (3,431 )
3.3   NET SALES REVENUE   47,248     36,547     22,180  
3.4   COST OF GOODS SOLD   (30,738 )   (24,525 )   (16,557 )
3.5   GROSS PROFIT   16,510     12,022     5,623  
3.6   OPERATING (EXPENSES) INCOME   (10,418 )   (8,291 )   (5,589 )
3.6.1   SELLING   0     0     0  
3.6.2   GENERAL AND ADMINISTRATIVE   (9,258 )   (8,253 )   (5,963 )
3.6.3   FINANCIAL   (429 )   10     377  
3.6.3.1   FINANCIAL INCOME   511     489     499  
3.6.3.2   FINANCIAL EXPENSES   (940 )   (479 )   (122 )
3.6.4   OTHER OPERATING INCOME   0     0     0  
3.6.5   OTHER OPERATING EXPENSES   (731 )   (48 )   (3 )
3.6.6   EQUITY IN THE RESULTS OF SUBSIDIARIES   0     0     0  
3.7   OPERATING INCOME (LOSS)   6,092     3,731     34  
3.8   NON-OPERATING (EXPENSES) INCOME   (17 )   0     27  
3.8.1   INCOME   50     0     50  
3.8.2   EXPENSES   (23 )   0     (23 )
3.9   INCOME(LOSS) BEFORE INCOME TAXES AND MANAGEMENT REMUNERATION   6,075     3,731     61  
3.10   INCOME TAX AND SOCIAL CONTRIBUTION   (2,094 )   (1,484 )   (21 )
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   3,981     2,247     40  
    CAPITAL STOCK-QUANTITY (THOUSANDS)   7,781     7,781     7,781  
    EARNINGS PER SHARE   0,51163     0,28878     0,00514  
    LOSS PER SHARE   -     -     -  

81


FEDERAL PUBLIC SERVICE
CVM - SECURITIES COMMISSION
ANNUAL INFORMATION BULLETIN - IAN



12/31/2007


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– 12/31/2007     4 – DATE– 12/31/2006    5 – DATE– 12/31/2005 
1   TOTAL ASSETS   60,662     64,498     67,089  
1.1   CURRENT ASSETS   21,399     24,368     22,580  
1.1.1   CASH AND CASH EQUIVALENTS   1,311     1,192     900  
1.1.2   CREDITS   5,063     10,389     6,755  
1.1.2.1   ACCOUNTS RECEIVABLE FROM CUSTOMERS   2,511     7,433     3,952  
1.1.2.2   CREDITS OTHERS   2,552     2,956     2,803  
1.1.3   INVENTORIES   14,639     12,681     14,790  
1.1.4   OTHERS   386     106     135  
1.2   CURRENT NOT ASSETS   39263     40,130     44,509  
1.2.1   LONG-TERM ASSETS   302     278     370  
1.2.1.1   CREDITS   302     278     370  
1.2.1.1.1   TAXES   302     278     370  
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   38,961     39,852     44,139  
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   37,198     37,057     40,313  
1.2.2.3   DEFERRED CHARGES   1,763     2,795     3,826  

82


FEDERAL PUBLIC SERVICE
CVM - SECURITIES COMMISSION
ANNUAL INFORMATION BULLETIN - IAN



12/31/2007


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– 12/31/2007    4 – DATE– 12/31/2006    5 – DATE– 12/31/2005 
2   TOTAL LIABILITIES   60,662     64,498     67,089  
2.1   CURRENT LIABILITIES   5,577     5,510     6,281  
2.1.1   LOANS AND FINANCING   0719     0     01,138  
2.1.2   DEBENTURES   0     0     0  
2.1.3   SUPPLIERS   3,766     4,489     4,276  
2.1.4   TAXES   384     268     255  
2.1.5   DIVIDENDS PAYABLE   0     0     0  
2.1.6   PROVISIONS   569     609     493  
2.1.6.1   VACATION AND 13rd SALARY   569     609     493  
2.1.7   LOANS FROM RELATED PARTIES   0     0     0  
2.1.8   OTHERS   139     144     119  
2.2   LONG-TERM LIABILITIES   62     0     0  
2.2.1   LOANS AND FINANCING   62     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   62     0     0  
2.4   STOCKHOLDER’S EQUITY   55,023     58,988     60,808  
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   (90,632 )   (86,667 )   (84,847 )

83


FEDERAL PUBLIC SERVICE
CVM - SECURITIES COMMISSION
ANNUAL INFORMATION BULLETIN - IAN



12/31/2007


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 : 01/01/2007 TO 12/31/2007   4 – FROM : 01/01/2006 TO 12/31/2006   5 – FROM : 01/01/2005 TO 12/31/2005
    3.1   GROSS SALES AND SERVICES REVENUE   28,906     35,477     29,319  
    3.2   SALES TAXES AND OTHER DEDUCTIONS   (3,598 )   (2,277 )   (2,965 )
    3.3   NET SALES REVENUE   25,308     33,200     26,354  
    3.4   COST OF GOODS SOLD   (25,100 )   (29,527     (29,097 )
    3.5   GROSS PROFIT   208     3,673     (2,743 )
    3.6   OPERATING (EXPENSES) INCOME   (4,173 )   (5,433 )   (6,993 )
    3.6.1   SELLING   (1,708 )   (2,257 )   (1,489 )
    3.6.2   GENERAL AND ADMINISTRATIVE   (3,518 )   (3,864 )   (3,786 )
    3.6.3   FINANCIAL   (184 )   (18 )   (222 )
()   6.3.1   FINANCIAL INCOME   (159 )   113     178  
    3.6.3.2   FINANCIAL EXPENSES   (25 )   (131 )   (400 )
    3.6.4   OTHER OPERATING INCOME   1,237     2     3  
    3.6.5   OTHER OPERATING EXPENSES   0     704     (1,499 )
    3.6.6   EQUITY IN THE RESULTS OF SUBSIDIARIES   0     0     0  
    3.7   OPERATING INCOME (LOSS)   (3,965 )   (1,760 )   (9,736 )
    3.8   NON-OPERATING (EXPENSES) INCOME   0     (61 )   0  
    3.8.1   INCOME   0     0     0  
    3.8.2   EXPENSES   0     (61 )   0  
    3.9   INCOME(LOSS) BEFORE INCOME TAXES AND MANAGEMENT REMUNERATION   (3,965 )   (1,821 )   (9,736 )
    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   (3,965 )   (1,821 )   (9,736 )
        CAPITAL STOCK-QUANTITY (THOUSANDS)   44     44     44  
        EARNINGS PER SHARE                  
        LOSS PER SHARE   (90,11364 )   (41,38636 )   (221,27273 )

84


FEDERAL PUBLIC SERVICE
CVM - SECURITIES COMMISSION
ANNUAL INFORMATION BULLETIN - IAN



12/31/2007


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– 12/31/2007    4 – DATE– 12/31/2006    5 – DATE– 12/31/2005 
1   TOTAL ASSETS   1,790,386     1,839,458     1,817,609  
1.1   CURRENT ASSETS   126,292     144,624     160,043  
1.1.1   CASH AND CASH EQUIVALENTS   707     401     333  
1.1.2   CREDITS   64,447     69,416     88,991  
1.1.2.1   ACCOUNTS RECEIVABLE FROM CUSTOMERS   45,600     54,096     79,070  
1.1.2.2   CREDITS OTHERS   18,847     15,320     9,921  
1.1.3   INVENTORIES   60,066     66,649     63,099  
1.1.4   OTHERS   1,072     8,158     7,620  
1.2   CURRENT NOT ASSETS   1,664,094     1,694,834     1,657,566  
1.2.1   LONG-TERM ASSETS   126,970     147,253     85,248  
1.2.1.1   CREDITS   73,531     91,034     39,523  
1.2.1.1.1   DEFERRED TAXES   26,344     23,354     23,827  
1.2.1.1.2   TAXES   47,187     67,680     15,696  
1.2.1.2   ACCOUNTS RECEIVABLE – RELATED PARTIES   47,750     50,292     40,176  
1.2.1.2.1   FROM AFFILIATES   47,750     50,292     40,176  
1.2.1.2.2   FROM SUBSIDIARIES   0     0     0  
1.2.1.2.3   OTHERS   0     0     0  
1.21 3   OTHERS   5,689     5,927     5,549  
1.2.1.3.1   ESCROW DEPOSITS   5,689     5,303     4,851  
1.2.1.3.2   OTHERS   0     624     698  
1.2.2   FIXED ASSETS   1,537,124     1,547,581     1,572,318  
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   1,491,563     1,492,574     1,507,864  
1.2.2.3   DEFERRED CHARGES   45,561     55,007     64,454  

85


FEDERAL PUBLIC SERVICE
CVM - SECURITIES COMMISSION
ANNUAL INFORMATION BULLETIN - IAN



12/31/2007


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 – 12/31/2007     4 – DATE– 12/31/2006    5 – DATE– 12/31/2005 
2   TOTAL LIABILITIES   1,790,386     1,839,458     1,817,609  
2.1   CURRENT LIABILITIES   142,376     171,953     83,102  
2.1.1   LOANS AND FINANCING   114,054     140,649     44,887  
2.1.2   DEBENTURES   0     0     0  
2.1.3   SUPPLIERS   18,227     21,526     30,219  
2.1.4   TAXES   2,500     3,212     1,785  
2.1.5   DIVIDENDS PAYABLE   0     0     0  
2.1.6   PROVISIONS   7,300     6,363     6,105  
2.1.6.1   VACATION AND 13rd SALARY   7,300     6,363     6,105  
2.1.7   LOANS FROM RELATED PARTIES   0     0     0  
2.1.8   OTHERS   295     203     106  
2.2   NOT CURRENT LIABILITIES   492,002     764,581     901,591  
2.2.1   LONG-TERM LIABILITIES   492,002     764,581     901,591  
2.2.1.1   LOANS AND FINANCING   480,184     755,318     887,278  
2.2.1.2   DEBENTURES   0     0     0  
2.2.1.3   PROVISION   11,818     9,263     9,171  
2.2.1.3.1   TAX CONTINGENCIES   11,818     9,263     9,171  
2.2.1.4   LOANS FROM RELATED PARTIES   0     0     0  
2.2.1.6   OTHERS   0     0     5,142  
2.4   STOCKHOLDER’S EQUITY   1,156,008     902,924     832,916  
2.4.1   PAID-IN CAPITAL   1,188,553     939,143     885,816  
2.4.2   CAPITAL RESERVES   9,446     6,989     3,836  
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     967  
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   (41,991 )   (43,208 )   (57,703 )

86


FEDERAL PUBLIC SERVICE
CVM - SECURITIES COMMISSION
ANNUAL INFORMATION BULLETIN - IAN



12/31/2007


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


87


FEDERAL PUBLIC SERVICE
CVM - SECURITIES COMMISSION
ANNUAL INFORMATION BULLETIN - IAN



12/31/2007


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 : 01/01/2007 TO 12/31/2007   4 – FROM : 01/01/2006 TO 12/31/2006   5 – FROM : 01/01/2005 TO 12/31/2005
    3.1   GROSS SALES AND SERVICES REVENUE   400,292     387,086     165,765  
    3.2   SALES TAXES AND OTHER DEDUCTIONS   (1,079 )   (1,529 )   (3,994 )
    3.3   NET SALES REVENUE   399,213     385,557     161,771  
    3.4   COST OF GOODS SOLD   (296,353 )   (268,527 )   (135,656 )
    3.5   GROSS PROFIT   102,860     117,030     26,115  
    3.6   OPERATING (EXPENSES) INCOME   (91,017 )   (98,454 )   (75,324 )
    3.6.1   SELLING   (15,883 )   (16,749 )   (8,154 )
    3.6.2   GENERAL AND ADMINISTRATIVE   (15,794 )   (14,881 )   (24,426 )
    3.6.3   FINANCIAL   (32,222 )   (49,673 )   (26,795 )
()   6.3.1   FINANCIAL INCOME   876     845     3,662  
    3.6.3.2   FINANCIAL EXPENSES   (33,098 )   (50,518 )   (30,457 )
    3.6.4   OTHER OPERATING INCOME   7,910     3,084     1,499  
    3.6.5   OTHER OPERATING EXPENSES   (35,028 )   (20,235 )   (17,448 )
    3.6.6   EQUITY IN THE RESULTS OF SUBSIDIARIES   0     0     0  
    3.7   OPERATING INCOME (LOSS)   11,843     18,576     (49,209 )
    3.8   NON-OPERATING (EXPENSES) INCOME   (4,013 )   333     (813 )
    3.8.1   INCOME   1,903     853     1550  
    3.8.2   EXPENSES   (5,916 )   (520 )   (968 )
    3.9   INCOME(LOSS) BEFORE INCOME TAXES AND MANAGEMENT REMUNERATION   7,830     18,909     (50,022 )
    3.10   INCOME TAX AND SOCIAL CONTRIBUTION   (6,614 )   (5,380 )   14,590  
    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   1,216     13,529     (35,432 )
        CAPITAL STOCK-QUANTITY (THOUSANDS)   219,635,254     219,635,254     219,635,254  
        EARNINGS PER SHARE   0,00001     0,00006        
        LOSS PER SHARE               (0,00016 )

88


FEDERAL PUBLIC SERVICE
CVM - SECURITIES COMMISSION
ANNUAL INFORMATION BULLETIN - IAN



12/31/2007


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– 12/31/2007    4 – DATE– 12/31/2006    5 – DATE– 12/31/2005 
1   TOTAL ASSETS   2,317,279     1,957,227     3,062,839  
1.1   CURRENT ASSETS   981,086     1,402,627     1,479,900  
1.1.1   CASH AND CASH EQUIVALENTS   98,730     386,117     291,698  
1.1.2   CREDITS   718,234     864,429     1,040,610  
1.1.2.1   ACCOUNTS RECEIVABLE FROM CUSTOMERS   717,363     862,957     1,036,503  
1.1.2.1.1   ACCOUNTS RECEIVABLE FROM CUSTOMERS - PULP   672,654     717,953     665,273  
1.1.2.1.2   ACCOUNTS RECEIVABLE FROM CUSTOMERS -   44,709     145,004     371,230  
    OTHERS                  
1.1.2.2   CREDITS OTHERS   871     1,472     4,107  
1.1.2.2.1   TAX CREDITS   871     1,472     4,107  
1.1.3   INVENTORIES   162,106     149,751     142,999  
1.1.4   OTHERS   2,016     2,330     4,593  
1.2   CURRENT NOT ASSETS   1,336,193     554,600     1,582,939  
1.2.1   LONG-TERM ASSETS   1,333,845     551,464     1,582,935  
1.2.1.1   CREDITS   0     0     0  
1.2.1.2   ACCOUNTS RECEIVABLE – RELATED PARTIES   1,333,845     551,454     1,576,189  
1.2.1.2.1   FROM AFFILIATES   1,333,845     551,454     1,576,189  
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     6,746  
1.2.2   FIXED ASSETS   2,348     3,146     4  
1.2.2.1   INVESTMENTS   2,331     3,133     0  
1.2.2.1.1   IN AFFILIATES   0     0     0  
1.2.2.1.2   IN SUBSIDIARIES   2,331     3,133     0  
1.2.2.1.3   OTHER COMPANIES   0     0     0  
1.2.2.2   PROPERTY, PLANT AND EQUIPMENT   17     13     4  
1.2.2.3   DEFERRED CHARGES   0     0     0  

89


FEDERAL PUBLIC SERVICE
CVM - SECURITIES COMMISSION
ANNUAL INFORMATION BULLETIN - IAN



12/31/2007


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– 12/31/2007     4 – DATE– 12/31/2006    5 – DATE– 12/31/2005 
2   TOTAL LIABILITIES   2,317,279     1,957,227     3,062,839  
2.1   CURRENT LIABILITIES   232,168     134,543     597,026  
2.1.1   LOANS AND FINANCING   0     0     319,790  
2.1.2   DEBENTURES   0     0     0  
2.1.3   SUPPLIERS   226,665     123,814     259,989  
2.1.4   TAXES   2,752     6,892     5,116  
2.1.5   DIVIDENDS PAYABLE   0     0     0  
2.1.6   PROVISIONS   0     0     0  
2.1.7   LOANS FROM RELATED PARTIES   0     0     7,490  
2.1.8   OTHERS   2,751     3,837     4,641  
2.2   NOT CURRENT LIABILITIES   0     0     1,354,718  
2.2.1   LONG-TERM LIABILITIES   0     0     1,354,718  
2.2.1.1   LOANS AND FINANCING   0     0     1,354,718  
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   2,085,111     1,822,684     1,111,095  
2.4.1   PAID-IN CAPITAL   35     43     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   2,085,076     1,822,641     1,111,048  

90


FEDERAL PUBLIC SERVICE
CVM - SECURITIES COMMISSION
ANNUAL INFORMATION BULLETIN - IAN



12/31/2007


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: 01/01/2007 TO 12/31/2007    4 – FROM: 01/01/2006 TO 12/31/2006    5 – FROM: 01/01/2005 TO 12/31/2005 
3.1   GROSS SALES AND SERVICES REVENUE   3,590,900     3,673,316     3,150,982  
3.2   SALES TAXES AND OTHER DEDUCTIONS   (266,486 )   (251,136 )   (202,658 )
3.3   NET SALES REVENUE   3,324,414     3,422,180     2,948,324  
3.4   COST OF GOODS SOLD   (2,705,053 )   (2,543,353 )   (2,137,259 )
3.5   GROSS PROFIT   619,361     878,827     811,065  
3.6   OPERATING (EXPENSES) INCOME   (6,511 )   (37,657 )   (47,598 )
3.6.1   SELLING   (62,138 )   (71,319 )   (56,020 )
3.6.2   GENERAL AND ADMINISTRATIVE   (1,188 )   (2,308 )   (1,702 )
3.6.3   FINANCIAL   57,933     36,995     11,125  
3.6.3.1   FINANCIAL INCOME   337,568     147,093     191,409  
3.6.3.2   FINANCIAL EXPENSES   (279,635 )   (110,098 )   (180,284 )
3.6.4   OTHER OPERATING INCOME   21     3,710,644     3,164,239  
3.6.5   OTHER OPERATING EXPENSES   (1,448 )   (3,712,031 )   (3,165,240 )
3.6.6   EQUITY IN THE RESULTS OF SUBSIDIARIES   309     362     0  
3.7   OPERATING INCOME (LOSS)   612,850     841,170     763,467  
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   612,850     841,170     763,467  
3.10   INCOME TAX AND SOCIAL CONTRIBUTION   (37,805 )   (33,363 )   (30,922 )
3.11   DEFERRED INCOME TAX ES   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   575,045     807,807     732,545  
    CAPITAL STOCK-QUANTITY (THOUSANDS)   11     11     11  
    EARNINGS PER SHARE   52,276,81818     73,437.00000     66,59.00000  
    LOSS PER SHARE               -  

91


FEDERAL PUBLIC SERVICE
CVM - SECURITIES COMMISSION
ANNUAL INFORMATION BULLETIN - IAN



12/31/2007


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– 12/31/2007    4 – DATE– 12/31/2006    5 – DATE– 12/31/2005 
1   TOTAL ASSETS   61     138     22,036  
1.1   CURRENT ASSETS   61     138     22,036  
1.1.1   CASH AND CASH EQUIVALENTS   61     138     564  
1.1.2   CREDITS   0     0     21,472  
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  

92


FEDERAL PUBLIC SERVICE
CVM - SECURITIES COMMISSION
ANNUAL INFORMATION BULLETIN - IAN



12/31/2007


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– 12/31/2007    4 – DATE– 12/31/2006    – DATE – 12/31/2005
2   TOTAL LIABILITIES   61     138     22,036
2.1   CURRENT LIABILITIES   13     14     18,577
2.1.1   LOANS AND FINANCING   0     0     0
2.1.2   DEBENTURES   0     0     0
2.1.3   SUPPLIERS   13     14     18,577
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   48     124     3,459
2.4.1   PAID-IN CAPITAL   26     28     27
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   7     7     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
2.5.4.5   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   15     89     3,432

93


FEDERAL PUBLIC SERVICE
CVM - SECURITIES COMMISSION
ANNUAL INFORMATION BULLETIN - IAN



12/31/2007


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


94


FEDERAL PUBLIC SERVICE
CVM - SECURITIES COMMISSION
ANNUAL INFORMATION BULLETIN - IAN



12/31/2007


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: 01/01/2007 TO 12/31/2007    4 – FROM: 01/01/2006 TO 12/31/2006    3 – FROM: 01/01/2005 TO 12/31/2005 
3.1     GROSS SALES AND SERVICES REVENUE   0     23,519     34,611  
3.2     SALES TAXES AND OTHER DEDUCTIONS   0     0     0  
3.3     NET SALES REVENUE   0     23,519     34,611  
3.4     COST OF GOODS SOLD   0     (23,198 )   (27,792 )
3.5     GROSS PROFIT   0     321     6,819  
3.6     OPERATING (EXPENSES) INCOME   (67 )   (232 )   (7,006 )
3.6.1     SELLING   0     0     0  
3.6.2     GENERAL AND ADMINISTRATIVE   (65 )   (13 )   (17 )
3.6.3     FINANCIAL   (2 )   (219 )   (6,989 )
3.6.3.1     FINANCIAL INCOME   20     321     2,139  
3.6.3.2     FINANCIAL EXPENSES   (22 )   (540 )   (9,128 )
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)   (67 )   89     (187 )
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   (67 )   89     (187 )
      REMUNERATION                  
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   (67 )   89     (187 )
      CAPITAL STOCK-QUANTITY (THOUSANDS)   1     1     1  
      EARNINGS PER SHARE         89,00000        
      LOSS PER SHARE   (67,00000 )         (187,00000 )

95


FEDERAL PUBLIC SERVICE
CVM - SECURITIES COMMISSION
ANNUAL INFORMATION BULLETIN - IAN



12/31/2007


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


96


FEDERAL PUBLIC SERVICE
CVM - SECURITIES COMMISSION
ANNUAL INFORMATION BULLETIN - IAN



12/31/2007


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– 12/31/2007    4 – DATE– 12/31/2006    4 – DATE– 12/31/2005 
1   TOTAL ASSETS   1,444     1,895     2,245  
1.1   CURRENT ASSETS   1,444     1,895     2,245  
1.1.1   CASH AND CASH EQUIVALENTS   1,444     1,895     2,245  
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  

97


FEDERAL PUBLIC SERVICE
CVM - SECURITIES COMMISSION
ANNUAL INFORMATION BULLETIN - IAN



12/31/2007


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– 12/31/2007    4 – DATE– 12/31/2006    4 – DATE– 12/31/2005 
2   TOTAL LIABILITIES   1,444     1,895     2,245  
2.1   CURRENT LIABILITIES   17     117     288  
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   17     20     21  
2.1.5   DIVIDENDS PAYABLE   0     0     0  
2.1.6   PROVISIONS   0     0     0  
2.1.7   LOANS FROM RELATED PARTIES   0     0     161  
2.1.8   OTHERS   0     97     106  
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   1,427     1,778     1,957  
2.4.1   PAID-IN CAPITAL   39     47     52  
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   1,388     1,731     1,905  

98


FEDERAL PUBLIC SERVICE
CVM - SECURITIES COMMISSION
ANNUAL INFORMATION BULLETIN - IAN



12/31/2007


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: 01/01/2007 TO 12/31/2007    4 – FROM: 01/01/2006 TO 12/31/2006    4 – FROM: 01/01/2005 TO 12/31/2005 
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   (46 )   (9 )   (232 )
3.6.1   SELLING   (93 )   0     0  
3.6.2   GENERAL AND ADMINISTRATIVE   (4 )   (79 )   (55 )
3.6.3   FINANCIAL   84     70     (3 )
3.6.3.1   FINANCIAL INCOME   318     191     273  
3.6.3.2   FINANCIAL EXPENSES   (234 )   (121 )   (276 )
3.6.4   OTHER OPERATING INCOME   0     0     0  
3.6.5   OTHER OPERATING EXPENSES   (33 )   0     (174 )
3.6.6   EQUITY IN THE RESULTS OF SUBSIDIARIES   0     0     0  
3.7   OPERATING INCOME (LOSS)   (46 )   (9 )   (232 )
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   (46 )   (9 )   (232 )
    REMUNERATION                  
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   (46 )   (9 )   (232 )
    CAPITAL STOCK-QUANTITY (THOUSANDS)   27,150     27,150     27,150  
    EARNINGS PER SHARE   -     -     -  
    LOSS PER SHARE   (0,00169 )   (0,00033 )   (0,00855 )

99


FEDERAL PUBLIC SERVICE
CVM - SECURITIES COMMISSION
ANNUAL INFORMATION BULLETIN - IAN



12/31/2007


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


100


FEDERAL PUBLIC SERVICE
CVM - SECURITIES COMMISSION
ANNUAL INFORMATION BULLETIN - IAN



12/31/2007


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


20.00 - INFORMATION ON CORPORATE GOVERNANCE

Aracruz has striven to carry out its activities according to the best practices of corporate governance and principles of transparency, sustainable growth and Management independence.

Furthering the actions initiated in the previous year, in 2006 and 2007 additional measures were adopted to ensure a more structured role for the various Management bodies, with the following aspects being highlighted:

Based on the proposals approved in 2006, the year just past witnesses a review of the Code of Conduct to be followed by a review of internal policies and norms.

All the procedures required under the Sarbanes-Oxley Act (SOX) oriented to ensuring an effective internal control environment were carried out over the course of 2006. In carrying out their work relating to the certification of the control environment based on SOX Section 404, the independent auditors did not detect any deficiencies or weaknesses of a material nature and issued a report without any type of qualification.

Also set up was an anonymous communications channel administered by an independent firm, with a view to receive denunciations and communiqués in a manner that ensures confidentiality. The flow of information is addressed to the Audit Committee, which is fully independent in relation to Company Management.

Over the course of 2006 and 2007 just one single anonymous communiqué was received relating to a doubt regarding the Company’s internal norms. The inquiry was cleared up by the appropriate channel.

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

Mission

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

Vision

Being recognized as a leader in the world pulp market.

101


FEDERAL PUBLIC SERVICE
CVM - SECURITIES COMMISSION
ANNUAL INFORMATION BULLETIN - IAN



12/31/2007


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


20.00 - INFORMATION ON CORPORATE GOVERNANCE

Principles

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

¾ Integrity

We carry out our unswerving commitment to integrity by:

¾ Commitments to our Stockholders

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

¾ Focus on our Customers

We stress long-term relationships by:

¾ Valuing our Employees

We emphasize the value of our employees by:

102


FEDERAL PUBLIC SERVICE
CVM - SECURITIES COMMISSION
ANNUAL INFORMATION BULLETIN - IAN



12/31/2007


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


20.00 - INFORMATION ON CORPORATE GOVERNANCE

¾ Engagement and Transparency

We cultivate engagement with our interested parties by:

¾ Harmony with the Environment

We act in harmony with the environment and contribute to protecting it by:

  ¾ Social Responsibility

We exercise our corporate social responsibility by:

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

Risk Management – The structuring of corporate risk management was undertaken in 2006 and 2007 with a view to:

In order to guarantee the ongoing effectiveness of corporate risk management, the Control Department will begin devoting itself to constant monitoring thereof. The process of managing risks at Aracruz is tracked by the Audit Committee, an independent body comprised of members of the Board of Directors.

Besides continual dissemination of the culture of risk management to the entire executive group, chief among Aracruz’s goals in 2007 were the co-relationship of the risks mapped and approval of a specific policy of corporate risk management by the Board of Directors.

103


FEDERAL PUBLIC SERVICE
CVM - SECURITIES COMMISSION
ANNUAL INFORMATION BULLETIN - IAN



12/31/2007


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


20.00 - INFORMATION ON CORPORATE GOVERNANCE

Independent Auditors

Services provided by Deloitte Touche Tohmatsu Auditores Independentes (“Deloitte”), as established by Article 2 of CVM Instruction No. 381/03.

During the year ended December 31, 2007 the fees related to other services rendered by Deloitte did not exceed 5% (five per cent) of the remuneration paid for the external audit services they provided for Aracruz.

Procedures adopted by the Company pursuant to Item III, Article 2 of CVM Instruction No. 381/03:

Prior to engaging professional services other than those related to external account auditing, the Company’s formal procedure is to consult the Independent Auditors in the sense of ensuring that performing such other services does not affect the independence and objectivity on their part that are necessary for performing their independent audit engagement, as well as to obtain the appropriate approval from the Audit Committee.

Summary of the Statement for Justification by the Independent Auditors - Deloitte Touche Tohmatsu, in accordance with Item IV, Article 2 of CVM Instruction No. 381/03:

The performance of other professional services not related to external audit does not affect either the independence or the objectivity of carrying out the external audit examinations carried out with respect to the Company and its subsidiary and associated companies.

The policy of involvement with the Entity in providing services not related to external audit is based on principles that preserve the independence of the independent auditors, among them: (a) the auditors are not to audit their own work; (b) the auditors are not to exercise managerial functions at Entities where they perform external account auditing services; and (c) the independent auditors are not to promote the interests of the Entity audited, none of which occurred in performing such services.

* * * * *

104


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: May 27, 2008

ARACRUZ CELULOSE S.A.
By: /s/ Carlos Augusto Lira Aguiar
Name: Carlos Augusto Lira Aguiar
Title: Chief Executive Officer