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São Martinho Announces Hiring of Market Maker

São Paulo, November 22, 2007 - SÃO MARTINHO S.A. (Bovespa: SMTO3; Reuters: SMTO3.SA and Bloomberg: SMTO3 BZ), one of the largest producers of sugar and ethanol in Brazil, announces that it has hired Banco UBS Pactual S.A. to act as market maker.

The purpose of retaining a market maker is to increase trading liquidity in the registered common shares issued by the Company (“SMTO3”) listed on the Novo Mercado (New Market) corporate governance segment of the São Paulo Stock Exchange (Bovespa). The initial agreement is for a period of 12 (twelve) months.

The Company also informs that its capital stock is currently composed of 113,000,000 common shares, of which 40,195,824 (35.57%) are traded on the Novo Mercado segment of the BOVESPA, and that it has not entered into any agreement with the market maker involving the exercise of voting rights or the purchase and sale of securities issued by the Company.

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