Embraer Shows Off Phenom 100 Jet at 2006 Winter Equestrian Festival

Visitors Invited to Experience Full-scale Executive Jet Mock-up and Watch Champion Jumper Rodrigo Pessoa, January 25-February 5

WEST PALM BEACH, Fla., Jan. 23 /PRNewswire-FirstCall/ — Embraer (NYSE:ERJ) is exhibiting a full-scale interior mock-up display of its recently launched Phenom 100 jet during the 2006 Winter Equestrian Festival. Beginning January 25, at the Palm Beach Polo Equestrian Club in Wellington, Fla., visitors will experience the premium comfort and luxury of Embraer’s new jet. Visitors are also invited to watch the world champion equestrian jumper Rodrigo Pessoa, who is competing in this festival.

Inspired by input from pilots, owners, operators and business executives, Embraer commissioned BMW Group DesignworksUSA to deliver an interior design that melds comfort, function and style. The result is an operation-friendly flight deck seamlessly integrated with the cabin to create an atmosphere of elegant simplicity. Onboard amenities include a private lavatory and refreshment center, executive table, entertainment and communications at the passenger’s fingertips. Embraer’s exclusive Oval Lite(TM) design provides more legroom and personal space, rounding out a premium experience that will define the future of light jet travel. Other distinct advantages of the Phenom 100 — including single-pilot operation, next-generation engines, low-cost operation and high-utilization design — combine to make this jet the choice for personal use, business travel and air taxi operation.

The Phenom 100 is part of Embraer’s offering to the executive aviation market, which also includes the Phenom 300 and the Legacy 600 jets in its portfolio. The Phenom 100 will comfortably accommodate up to eight people and be powered by Pratt & Whitney Canada’s PW617F engine, with 1,615 pounds of thrust. Its range will be 1,160 nautical miles (NBAA IFR reserves with 100 nm alternate) or 1,320nm (VFR range with 45 min. reserve) with four people onboard, and it will have a maximum operating speed of Mach 0.7. The airplane is designed for short field takeoff performance and is capable of flying at 41,000 feet. The Phenom 100, priced at $2.75 million in 2005 economic conditions, is expected to enter service in mid-2008.

The Phenom 300 jet will be powered by Pratt & Whitney Canada’s PW535E engines, with 3,200 pounds of thrust each. Comfortably accommodating up to nine people, its range will be 1,800 nautical miles (NBAA IFR reserves with 100 nm alternate) with six persons onboard, and it will have a maximum operating speed of Mach 0.78. The airplane is also designed for short field takeoff performance and is capable of flying at 45,000 feet. The Phenom 300 is expected to enter service in mid-2009 and be priced at US$ 6.65 million based on 2005 economic conditions.

Rodrigo Pessoa is one of the most important riders in the world of equestrian show jumping and competes in approximately 40 equestrian shows annually. He is a three-time World Cup Champion (1998-2000) and 2004 Olympic Gold Medalist.

The annual Winter Equestrian Festival attracts international Olympic equestrian athletes. The event is a proving ground for the U.S. Equestrian Team in show jumping and dressage and the site of qualifying events and

selection trials for international events such as the World Cup Final, Samsung Nations Cup Final and summer Olympic Games.

Additional information on the Phenom 100, Phenom 300 and Legacy 600 and images are available online at http://www.embraerexecutivejets.com/ .

Embraer Image Gallery
Visit the Embraer Image Gallery at http://www.embraer.com/ .

About Embraer

Embraer (Empresa Brasileira de Aeronautica S.A.)(NYSE:ERJ) (Bovespa: EMBR3 EMBR4) is the world’s leading manufacturer of commercial jets up to 110 seats with 36 years of experience in designing, developing, manufacturing, selling and providing after-sales support to aircraft for the global airline, defense and business jet markets. With headquarters in Sao Jose dos Campos, state of Sao Paulo, the Company has offices and customer service bases in the United States, France, Portugal, China and Singapore. Embraer is among Brazil’s leading exporting companies. As of December 31, 2005, Embraer had a total workforce of 16,953 people, and its firm order backlog totaled US$ 10.4 billion.

This document may contain projections, statements and estimates regarding circumstances or events yet to take place. Those projections and estimates are based largely on current expectations, forecasts on future events and financial tendencies that affect the Company’s businesses. Those estimates are subject to risks, uncertainties and suppositions that include, among others: general economic, political and trade conditions in Brazil and in those markets where the Company does business; expectations on industry trends; the Company’s investment plans; its capacity to develop and deliver products on the dates previously agreed upon, and existing and future governmental regulations. The words “believe,” “may,” “is able,” “will be able,” “intend,” “continue,” “anticipate,” “expect” and other similar terms are supposed to identify potentialities. The Company does not feel compelled to publish updates nor to revise any estimates due to new information, future events or any other facts. In view of the inherent risks and uncertainties, such estimates, events and circumstances may not take place. The actual results can, therefore, differ substantially from those previously published as Company expectations.

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