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Embraer announced today the delivery of a Legacy Executive to Saudi Arabia’s Sheikh Fahad Al Athel and the first Embraer corporate jet to be flown in the Middle East. The aircraft is being delivered under a distribution agreement through Scottsdale (AZ) based Swift Aviation Group, which is the exclusive distributor for the Legacy in the Middle East, and is expected to enter into service immediately from its base in Riyadh, Saudi Arabia.

This is a landmark for Embraer not only in Saudi Arabia but in the entire region,” said Samuel Hill, Embraer’s Executive Vice President for the Corporate Aircraft Market. “With the Legacy we have the opportunity to provide our corporate customers with a new level of service. Its combination of size, speed, range and price represents a change in the way business jet owners are viewing the current options for fleet renewal.

Sheikh Fahad´s FAL Group owns a Boeing 727-100 jet, and through SAMCO Aviation in Riyadh, operates a Boeing 737-200, a Challenger 601-3A and a Citation Excel. The Legacy now added to his fleet will be flying both domestically and internationally.

The new aircraft is part of Sheikh Fahad´s plan to extend and modernize his business operations. “With the Legacy we will add state-of-the-art technology to our fleet. Embraer´s product has an outstanding cabin, large luggage space, and is extremely versatile. From a maintenance perspective, the Legacy requires little or no ground support. As we see it, the Legacy yields the best value for money,” said Mr. Zaher Deir, General Manager of SAMCO Aviation.

The current order book for the super mid-size Legacy stands at a total of 165 aircraft with 73 orders and 92 options worldwide. 10 aircraft have already been delivered to customers in Latin America and Europe. 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 September 30, 2002 has a total workforce of 12,161 people. Embraer was Brazil’s largest exporter from 1999 to 2001, and second largest in 2002. As of September 30, 2002 its backlog for firm orders amounts to US$ 9.6 billion, in addition to US$ 13.0 billion in options.

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

This press release includes forward-looking statements or statements about events or circumstances which have not occurred. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends affecting our business. These forward-looking statements are subject to risks, uncertainties and assumptions, including, among other things: general economic, political and business conditions, both in Brazil and in our markets; anticipated trends in our industry; our expenditure plans; our ability to develop and deliver our products on a timely basis; and existing and future governmental regulation. The words “believes,” “may,” “will,” “estimates,” “continues,” “anticipates,” “intends,” “expects” and similar words are intended to identify forward-looking statements. We undertake no obligations to update publicly or revise any forward-looking statements because of new information, future events or other factors. In light of these risks and uncertainties, the forward-looking events and circumstances discussed in this press release might not occur. Our actual results could differ substantially from those anticipated in our forward-looking statements.

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