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São José dos Campos, December 10, 2001  - The Legacy, Embraer's executive jet and the first Brazilian-made aircraft in this category, today received from Brazil’s Aerospace Technical Center (CTA) the Type Certification. The certificate was handed by Brig. Maj. Tiago da Silva Ribeiro, chief of the CTA to Embraer's President and CEO Maurício Botelho, in a ceremony held in Embraer's manufacturing plant.

The event highlights the accomplishment, within schedule, of one more stage of the development program of Embraer’s new product, and reflects the hard work and dedication of tens of technicians and engineers from Embraer and the Industrial Promotion and Coordination Institute (IFI), CTA’s branch entitled for the certification of aircraft on Brazilian territory.

The next and final stages of the type certification process are the obtaining of type certification from the U.S.’s FAA and Europe’s JAA, due to happen in the coming months.

The Legacy program was officially launched during the Farnborough Air Show, in England, on 23 July 2000, as. U.S.’, Phoenix, AZ-based Swift Aviation was simultaneously announced its launch customer by placing an order totalling.25 firm and 25 options.

The Legacy Executive lies in the super mid-size category, but its cabin volume of 1,410 cu. ft (40 cubic meters), typical of a large size and some 60 percent larger than its direct competitors, provides it the largest and most comfortable passenger cabin in category, a competitive edge over aircraft such as Bombardier Continental, Gulfstream 200 and Raytheon Horizon. Its price, US$ 19.8 million, makes it second to none in cost-benefit ratio.

Legacy program’s sales and order book logs 48 firm orders and 44 options to date, spread between Executive (for up to 14 passengers) and Shuttle (up to 19 passengers) versions.

The world market of business aviation for the next 10 years is estimated in 6,000 aircraft, of which 2,500 are of the Super Mid-Size segment, where the Legacy is a player. Embraer is planning to produce 240 Legacies in this time span.

Note to editors

Embraer (NYSE: ERJ; Bovespa: EMBR3 and EMBR4) is the world’s fourth largest commercial aircraft manufacturer and is headquartered in São José dos Campos, state of São Paulo, with offices and customer service bases in Australia, China, France, Singapore and the United States, with a total workforce of 10.9 thousand people. Embraer (Empresa Brasileira de Aeronáutica S.A.) is Brazil’s largest exporter for the two preceding years and from January to October 2001; as of November 30th, 2001 its backlog for firm orders amounts to US$ 10.6 billion and US$ 12.1 billion in options. Embraer has 32 years of experience in designing, developing, manufacturing, selling and providing after sales support to aircraft aimed for the world airline, corporate and 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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