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MATERIAL FACT

São Paulo, November 30, 2009 - São Martinho S.A. (Bovespa: SMTO3; Reuters: SMTO3 SA and Bloomberg: SMTO3 BZ), one of the largest ethanol and sugar producers in Brazil, informs that its wholly-owned subsidiary, Usina São Martinho S.A, acquired from Mitsubishi Corporation, 10% of the capital of Usina Boa Vista S.A. for a sum of USD 14.07 million. With this acquisition, the São Martinho Group now owns 100% of the capital of Usina Boa Vista S.A.

We also inform that the ethanol export agreement entered into with Mitsubishi Corporation in March 2007 remains valid and will be honored by any of São Martinho Group units.

João Carvalho do Val
Chief Financial and Investor Relations Officer

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