TUPY S.A. makes it public that it has submitted to the Brazilian Securities Commission (CVM – Comissão de Valores Mobiliários) a request for (i) the reduction of the minimum resources amount for which the offer of Debentures Convertible to Ordinary Shares of Company’s emission (debentures) registered at CVM on August 3, 2004, under the number CVM/SRE/DCA/2004/001 (“Offer”) according to the 30th article of the Instruction CVM no. 400, of December 29,2003 from R$ 220,000,000.00 (two hundred and twenty million reais) for R$ 130,000,000.00 (one hundred and thirty million reais); and (ii) the postponement of the Offer lead-time for 90 (ninety) days. The referred requests proceed in function of operational delays for the subscription of Debentures by one of its controlling shareholders.

Untill February 11, 2005, eve of the date originally determined for the closing of the Offer lead-time, complementary information will be published to those present.

Additional information may be obtained with TUPY S.A. through the telephone (47) 441-8231 or from the Leading Offer Coordinator, BB Banco de Investimento S.A., through telephone (21) 3808-3773/3518.