Ricardo Antunes Carneiro Neto CEO and Investor Relations Officer LLX Logística S.A.Further information may be obtained via email ir@llx.com.br or (55 21) 2555-5661 About LLX: the Company is implementing three major port systems in the Southeast region of Brazil, two of them "Super Ports," conceived within the modern concept of Port Industry with extensive back areas and designed for operating large and very large vessels.
LLX Provides Update of Port Brazil's Environmental Permitting
| Source: LLX
RIO DE JANEIRO, BRAZIL--(Marketwire - July 2, 2008) - LLX Logística S.A. ("LLX") (BOVESPA: LLXL3) announces to its shareholders and the market that, contrary to
articles that have been recently published in the Brazilian media, the
environmental permitting process of Port Brazil is on track and has not
been affected or is currently suspended by any court or administrative
decision.
There currently exist two outstanding lawsuits filed against Port Brazil's
environmental permitting process. Critics to Port Brazil have not, to this
point, been successful in court against LLX in their attempts to stay the
environmental permitting process. In one of the lawsuits, all requests have
been rejected by the courts and, in the other case, the state court of
appeals has completely reversed the lower court initial injunction against
LLX.
No further adverse development has occurred in any such lawsuits. LLX
continues on track with its efforts to obtain licenses in due course and it
does not believe that pending litigation will affect its permitting
process. LLX has presented strong arguments before local courts concerning
the legality of its permitting and has been successful in all attempts at
defending its rights before Brazilian courts. Management will keep the
market apprised of any significant development concerning its port
projects.