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Embraer, the renowned Brazilian aircraft manufacturer, is displaying at LABACE 2003 one of its most successful products – the Legacy business jet. Parked in the Static Display area at Congonhas airport, the Legacy highlights the Company’s presence, being open to visitors, authorities and attendees during the event.

The Legacy has just completed an extensive promotional tour through Asia and the Pacific. The trip started in the beginning of February at Bangalore, for Aero India 2003, and continued onto Thailand, Singapore, Malaysia, Indonesia, Macao, China, Kazakhstan, Russia and Germany. After that the aircraft flew to Mexico, where it highlighted Embraer’s attendance at the fourth International Aviation Trade Show & Convention – AEROEXPO 2003, held in Acapulco on March 6 - 8.

Overall the tour took 40 days , with absolutely no technical issues and 100% on-time dispatchability, in environments varying from +40o C to -20o C. The tour was meant allow potential customers and operators to benefit from a direct contact with the aircraft, to better assess its qualities.

LABACE – Latin American Business Aviation Conference and Exhibition 2003 is held at Transamerica EXPO CENTER in São Paulo, on March 13-15. The airshow is one of the most important events in Latin America and main players in the industry, including operators, manufacturers, regulatory agencies and government authorities, are expected to attend.

Embraer will have the largest booth of LABACE, located in the central area of Transamerica EXPO CENTER's C pavilion. Embraer’s President and CEO Mauricio Botelho will speak at the Opening General Session of the event.

About the Legacy

The Legacy is a super midsize twin-engine business jet based on the successful ERJ 135/140/145 family of regional jets in service with 27 of the world’s leading airlines. Over 600 ERJs have been delivered to date.

Delivering the largest cabin in its class, the Legacy cruises at Mach .80 and offers a non-stop range that reaches 3,100 nm (5,741 km) with 10 passengers and NBAA IFR reserves. This range, bolstered by superior payload capabilities, enables customers to fly non-stop from London to Riyadh, New York to London or Singapore to Tokyo at a fraction of the cost of competition – an unprecedented customer value offer.

Available in Executive and Shuttle configurations, all Legacy family members deliver an abundant 39.9 cu. m. (1,410 cu. ft.) cabin volume, providing ample room for work or relaxation. The Executive configuration offers up to 1.83 m (6 ft) cabin height while the aft luggage compartment holds up to 6.8 cu. m. (240 cu. ft.) of bags. This cabin is by far the largest in its category – 60% larger than other super midsize business jets.

The current order book for the super midsize Legacy stands at a total of 164 aircraft with 73 firm orders and 91 options worldwide. Fifteen aircraft have already been delivered to customers in the United States, Latin America, Europe and the Middle East.

To support the Legacy operators, Embraer has built upon its existing worldwide customer support network, by forming partnerships with leading business aviation service providers. This combination of global infrastructure and business aviation expertise assures Legacy operators convenient access to technical assistance, training and service – wherever their business takes them.

Note to editors

Embraer (Empresa Brasileira de Aeronáutica S.A. - NYSE: ERJ; Bovespa: EMBR3 and EMBR4) is one of the world’s leading aerospace companies. With headquarters in São José dos Campos, state of São Paulo, and offices and customer service bases in Australia, China, France, Singapore and the United States, the Company as of December 31, 2002 had a total workforce of 12,227 people. Embraer was Brazil’s largest exporter from 1999 to 2001, and second largest in 2002. As of December 31, 2002, Embraer’s firm order backlog totaled US$ 9.0 billion and the total backlog, including options, equaled US$ 22.2 billion.

Embraer has 33 years of experience in designing, developing, manufacturing, selling and providing after sales support to aircraft aimed at the global airline, corporate and (more recently) defense markets.

This document may contain projections, statements and estimates regarding circumstances or events yet to take place. Those projections and estimates are based largely on current expectations, forecasts on future events and financial tendencies that affect the Company’s businesses. Those estimates are subject to risks, uncertainties and suppositions that include, among other: general economic, politic and trade conditions in Brazil and in those markets where the Company does business; expectations on industry trends; the Company’s investment plans; its capacity to develop and deliver products on the dates previously agreed upon, and existing and future governmental regulations. The words “believe”, “may”, “is able”, “will be able”, “intend”, “continue”, “anticipate”, “expect” and other similar terms are supposed to identify potentialities. The Company does not feel compelled to publish updates nor to revise any estimates due to new information, future events or any other facts. In view of the inherent risks and uncertainties, such estimates, events and circumstances may not take place. The actual results can therefore differ substantially from those previously published as Company expectations.

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