SOCIEDADE EXEMPLO, LDA

   ADDRESS:                 RUA BARATA SALGUEIRO, 28-5.
                            LISBOA
                            LISBOA
                            1250 LISBOA
                            PO

   TEL:                     01-3146636
   FAX:                     01-3524695
   TRADING STYLE(S):        EXEMPLO 1
   REGISTERED OFFICE:       Rua Sousa Lopes, 13 - 1600 Lisboa

   FISCAL CODE              000000000
   DUNS:                    45-339-0494

   CURRENCY: Shown in Portuguese Escudos, unless otherwise stated.

   LANGUAGE: In certain circumstances information in this report may be quoted
   in the local language.  In case of difficulty, please contact your D&B
   local Customer Service Department.

            D&B RATING:                         5A3
            CONDITION:                          FAIR
            MAXIMUM CREDIT:                     3,663,599,000
            TREND:                              EVEN
            AVERAGE DAYS(S) BEYOND TERMS:       0
            D&B PAYMENT SCORE:                  80
            ACCOUNTS INCORPORATED IN REPORT:    31-12-1997


   The D&B Rating of 5A3 indicates:
        A Financial Strength of 7,500+ Million (based on Net Worth) and an
        overall condition which is Fair (slightly greater than average risk).

   The D&B 'maximum credit recommendation' for this business is 3,663,599,000.

   The D&B Payment Score of 80 corresponds to an average of 0 day(s) beyond
   terms.

   PARENT COMPANY

            IMMEDIATE PARENT

            NAME:           Example, Ltd
                            60 Cambridge RD
                            Nothingham
                            England

            This parent company has 3 other subsidiaries.

            ULTIMATE PARENT

            The ultimate parent is Example Corporation

   STARTED:         1980                 SALES:                14,372,856,000
   DATE INC:        28-12-80             31-12-1997
   LEGAL FORM:      SOC. POR QUOTAS      PROFIT/(LOSS):            15,218,963
   REG. CITY:       LISBOA               (THOUSANDS)
   REG NO:          1359                 NET WORTH:            36,635,990,000
   EMPLOYS:         45                   31-12-1997
   NOMINAL CAPITAL: 500,000,000

   LINE OF BUSINESS:        GENERAL GROCERY WHOLESALERS
                            FOOD RETAILERS

   SIC CODE(S):             5141     5499

   The following were registered:
        DATE            TYPE                 AMOUNT           RESULT

        21-10-1997      Protested bill       1,500,000        Not justified
        A.J.Pires, Lda
        25-1-1996       Registered           357,000          Justified
        BPA/Nomeacoes, Lda
        30-11-1994      Protested bill       15,000,000       Justified
        BCP/Tradicoes, Lda
        25-10-1994      Protested bill       10,000,000       Justified
        BBV/Viacao

   On 21-12-1994 a lawsuit for small figures was initiated against subject by
   ABC - Produtos, SA for 150,000 at the Court for Lisboa.
   This resulted in an acquittal.
   On 21-10-1997 an ordinary lawsuit was initiated against subject by Teste
   Vigilancia, Lda for 2,340,000 at the Court for Lisboa.
   The suit is pending.
   On 4-7-1996 a lawsuit for very small figures was initiated against subject
   by Conversao II, Lda at the Court for Porto.
   The case was disputed.
   On 31-3-1998 a lawsuit for small figures was initiated against subject by
   Condicao Ideal, S.A. for 463,221 at the Court for Lisboa.
   An appeal has been made.
   On 5-2-1994 a lawsuit for small figures was initiated against subject by
   Insersoes, Lda for 266,999 at the Court for Lisboa.
   The case has been settled.

   Critical legal notice information filed is investigated by D&B Analysts,
   and where relevant, comment is presented in this section.

   BANCO PORTUGUES DO ATLANTICO - Ag. Avenida da Liberdade - Lisboa.

   BANCO COMERCIAL PORTUGUES - Ag. Praca do Rossio - Lisboa.

   SOFINLOC, S.A..

   PRINCIPALS ANTECEDENTS
   Name:            Dr. Joao Antonio Marques
                    Managing Partner
   Name:            Eng. Luis Mendes Silva
                    Managing Partner
   Name:            Dr. Armando Maria Lopes Murta
                    General Manager
   Name:            Dr. Luis Alberto Mendes Silva
                    Finance Manager
   Name:            Joao Manuel Fonseca
                    Sales Manager
   Name:            Enga. Ana Maria Aleluia
                    EDP Manager
   Name:            Luis Antonio Moedas Gago
                    Operations Manager

                                     Fiscal           Fiscal           Fiscal
                                 31-12-1995       31-12-1996       31-12-1997
                                      '000s            '000s            '000s

Net Sales                       12,590,044        9,460,559       14,372,856
Pre-Tax Profit (Loss)            2,065,355        1,519,001       15,218,963
Working Capital                 15,928,455       16,631,399       25,415,435
Net worth                       24,334,050       25,772,247       36,635,990

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