-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, OBhw8lEWumAbsPKVhUEZUcA/7CZ6wGu8xom8wc/tMDh7OOWXPbrkHulT9B3COi0U 6++khf/QDA8mvzdA8N7y+Q== 0000950172-00-001497.txt : 20000922 0000950172-00-001497.hdr.sgml : 20000922 ACCESSION NUMBER: 0000950172-00-001497 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20000821 DATE AS OF CHANGE: 20000829 GROUP MEMBERS: ALFREDO EGYDIO ARRUDA VILLELA FILHO GROUP MEMBERS: ALFREDO EGYDIO SETUBAL GROUP MEMBERS: ANA LUCIA DE MATTOS BARRETTO VILLELA GROUP MEMBERS: BANCO ITAU S A GROUP MEMBERS: COMPANHIA ESA GROUP MEMBERS: EUDORO LIBANIO VILLELA GROUP MEMBERS: ITAU BANK, LTD. GROUP MEMBERS: ITAUSA - INVESTIMENTOS ITAU. S.A. GROUP MEMBERS: JOSE LUIZ EGYDIO SETUBAL GROUP MEMBERS: MARIA ALICE SETUBAL GROUP MEMBERS: MARIA DE LOURDES ARRUDA VILLELA GROUP MEMBERS: MARIA DE LOURDES EGYDIO VILLELA GROUP MEMBERS: OLAVO EGYDIO SETUBAL GROUP MEMBERS: OLAVO EGYDIO SETUBAL JUNIOR GROUP MEMBERS: PAULO SETUBAL NETO GROUP MEMBERS: RICARDO EGYDIO SETUBAL GROUP MEMBERS: RICARDO VILLELA MARINO GROUP MEMBERS: ROBERTO EGYDIO SETUBAL GROUP MEMBERS: RODOLFO VILLELA MARINO SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: AMERICA ONLINE LATIN AMERICA INC CENTRAL INDEX KEY: 0001100395 STANDARD INDUSTRIAL CLASSIFICATION: 7370 IRS NUMBER: 650963212 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: SC 13D SEC ACT: SEC FILE NUMBER: 005-59485 FILM NUMBER: 707583 BUSINESS ADDRESS: STREET 1: 6600 N ANDREWS AVENUE STREET 2: SUITE 500 CITY: FORT LAUDERDALE STATE: FL ZIP: 10013 BUSINESS PHONE: 9547720002 MAIL ADDRESS: STREET 1: 6600 N ANDREWS AVENUE STREET 2: SUITE 500 CITY: FORT LAUDERDALE STATE: FL ZIP: 10013 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BANCO ITAU S A CENTRAL INDEX KEY: 0000833294 STANDARD INDUSTRIAL CLASSIFICATION: IRS NUMBER: 000000000 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: PCA ALFREDO EGYDIO SE DOUZA ARANHA STREET 2: 100 TORRE CONCEICAO 121 ANDAR CEP 04344- CITY: SAO PALO BRAZIL MAIL ADDRESS: STREET 1: RUO BOA VISTA 185 STREET 2: CEP 01014-913 CITY: SAO PAULO SC 13D 1 0001.txt SCHEDULE 13D UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. ___)* America Online Latin America, Inc. ------------------------------------ (Name of Issuer) Class A Common Stock, par value $0.01 per share -------------------------------------------------------- (Title of Class and Securities) 02365B100 ------------------------------------------- (CUSIP Number) Alfredo Egydio Setubal Banco Itau, S.A. Rua Boa Vista, 185 - 8o andar 01014-913 Sao Paulo-SP, Brazil 55-11-237-3002 Copy to: Paul T. Schnell Skadden, Arps, Slate, Meagher & Flom LLP Four Times Square New York, NY 10036 (212) 735-3000 ------------------------------------------------------------ (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) August 11, 2000 ------------------------------------------------------------ (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. [ ] Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Section 240.13d-7 for other parties to whom copies are to be sent. * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). SCHEDULE 13D CUSIP No.02365B100 Page 2 of 28 ------------------------------------------------------------------- 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only) Banco Itau, S.A. ------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) ( ) (b) (x) ------------------------------------------------------------------- 3. SEC USE ONLY ------------------------------------------------------------------- 4. SOURCE OF FUNDS* WC ------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ( ) ------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION Federative Republic of Brazil -------------------------------------------------------------------- 7. SOLE VOTING POWER NUMBER OF 0 (See Item 5) SHARES _____________________________________ BENEFICIALLY 8. SHARED VOTING POWER OWNED BY 31,700,000 (See Item 5) EACH _____________________________________ REPORTING 9. SOLE DISPOSITIVE POWER PERSON 0 (See Item 5) WITH _____________________________________ 10. SHARED DISPOSITIVE POWER 31,700,000 (See Item 5) ------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 31,700,000 (See Item 5) ------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES (X) ------------------------------------------------------------------ 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 36.7% (See Item 5) ------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON BK and CO ------------------------------------------------------------------- SCHEDULE 13D CUSIP No.02365B100 Page 3 of 28 ------------------------------------------------------------------- 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only) Itau Bank, Ltd. 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) ( ) (b) (x) ----------------------------------------------------------------- 3. SEC USE ONLY ------------------------------------------------------------------- 4. SOURCE OF FUNDS* WC ------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ( ) ------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands --------------------------------------------------------------- 7. SOLE VOTING POWER NUMBER OF 0 (See Item 5) SHARES _____________________________________ BENEFICIALLY 8. SHARED VOTING POWER OWNED BY 7,925,000 (See Item 5) EACH _____________________________________ REPORTING 9. SOLE DISPOSITIVE POWER PERSON 0 (See Item 5) WITH _____________________________________ 10. SHARED DISPOSITIVE POWER 7,925,000 (See Item 5) ------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 7,925,000 (See Item 5) ------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES (X) ------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 9.2% (See Item 5) ------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON BK and CO ------------------------------------------------------------------- SCHEDULE 13D CUSIP No.02365B100 Page 4 of 28 ------------------------------------------------------------------- 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only) Itausa - Investimentos Itau. S.A. ------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) ( ) (b) (x) ------------------------------------------------------------------- 3. SEC USE ONLY ------------------------------------------------------------------- 4. SOURCE OF FUNDS* WC ------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ( ) ------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION Federative Republic of Brazil ------------------------------------------------------------------- 7. SOLE VOTING POWER NUMBER OF 0 (See Item 5) SHARES _____________________________________ BENEFICIALLY 8. SHARED VOTING POWER OWNED BY 31,700,000 (See Item 5) EACH _____________________________________ REPORTING 9. SOLE DISPOSITIVE POWER PERSON 0 (See Item 5) WITH _____________________________________ 10. SHARED DISPOSITIVE POWER 31,700,000 (See Item 5) ------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 31,700,000 (See Item 5) ------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES ( ) ------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 36.7% (See Item 5) ------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON HC ------------------------------------------------------------------- SCHEDULE 13D CUSIP No.02365B100 Page 5 of 28 ------------------------------------------------------------------- 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only) Companhia ESA ------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) ( ) (b) (x) 3. SEC USE ONLY ------------------------------------------------------------------- 4. SOURCE OF FUNDS* WC ------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ( ) ------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION Federative Republic of Brazil ------------------------------------------------------------------- 7. SOLE VOTING POWER NUMBER OF 0 (See Item 5) SHARES _____________________________________ BENEFICIALLY 8. SHARED VOTING POWER OWNED BY 31,700,000 (See Item 5) EACH _____________________________________ REPORTING 9. SOLE DISPOSITIVE POWER PERSON 0 (See Item 5) WITH _____________________________________ 10. SHARED DISPOSITIVE POWER 31,700,000 (See Item 5) ------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 31,700,000 (See Item 5) ------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES (X) ------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 36.7% (See Item 5) ------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON HC ------------------------------------------------------------------- SCHEDULE 13D CUSIP No.02365B100 Page 6 of 28 ------------------------------------------------------------------- 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only) Roberto Egydio Setubal ------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) ( ) (b) (x) ------------------------------------------------------------------- 3. SEC USE ONLY ------------------------------------------------------------------- 4. SOURCE OF FUNDS* 00 ------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ( ) ------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION Federative Republic of Brazil ------------------------------------------------------------------- 7. SOLE VOTING POWER NUMBER OF 60,000 (See Item 5) SHARES ------------------------------------- BENEFICIALLY 8. SHARED VOTING POWER OWNED BY 0 (See Item 5) EACH ------------------------------------- REPORTING 9. SOLE DISPOSITIVE POWER PERSON 60,000 (See Item 5) WITH ------------------------------------- 10. SHARED DISPOSITIVE POWER 0 (See Item 5) ------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 60,000 (See Item 5) ----------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES (X) ----------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 0.1% (See Item 5) ------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON IN ------------------------------------------------------------------- SCHEDULE 13D CUSIP No.02365B100 Page 7 of 28 ------------------------------------------------------------------- 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only) Olavo Egydio Setubal ------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) ( ) (b) (x) ------------------------------------------------------------------- 3. SEC USE ONLY ------------------------------------------------------------------- 4. SOURCE OF FUNDS* ------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ( ) ------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION Federative Republic of Brazil ------------------------------------------------------------------- 7. SOLE VOTING POWER NUMBER OF 0 (See Item 5) SHARES _____________________________________ BENEFICIALLY 8. SHARED VOTING POWER OWNED BY 0 (See Item 5) EACH _____________________________________ REPORTING 9. SOLE DISPOSITIVE POWER PERSON 0 (See Item 5) WITH _____________________________________ 10. SHARED DISPOSITIVE POWER 0 (See Item 5) ------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 (See Item 5) ------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES (X) ------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 0% (See Item 5) ------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON IN ------------------------------------------------------------------- SCHEDULE 13D CUSIP No.02365B100 Page 8 of 28 ------------------------------------------------------------------- 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only) Maria De Lourdes Egydio Villela ------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) ( ) (b) (x) ------------------------------------------------------------------- 3. SEC USE ONLY ------------------------------------------------------------------ 4. SOURCE OF FUNDS* ------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ( ) ------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION -------------------------------------------------------------------- 7. SOLE VOTING POWER NUMBER OF 0 (See Item 5) SHARES _____________________________________ BENEFICIALLY 8. SHARED VOTING POWER OWNED BY 0 (See Item 5) EACH _____________________________________ REPORTING 9. SOLE DISPOSITIVE POWER PERSON 0 (See Item 5) WITH _____________________________________ 10. SHARED DISPOSITIVE POWER 0 (See Item 5) ------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 (See Item 5) ------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES (X) ------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 0%(See Item 5) ------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON IN ------------------------------------------------------------------- SCHEDULE 13D CUSIP No.02365B100 Page 9 of 28 ------------------------------------------------------------------- 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only) Alfredo Egydio Arruda Villela Filho ------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) ( ) (b) (x) ------------------------------------------------------------------- 3. SEC USE ONLY ------------------------------------------------------------------- 4. SOURCE OF FUNDS* ------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ( ) ------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION Federative Republic of Brazil ------------------------------------------------------------------- 7. SOLE VOTING POWER NUMBER OF 0 (See Item 5) SHARES _____________________________________ BENEFICIALLY 8. SHARED VOTING POWER OWNED BY 0 (See Item 5) EACH _____________________________________ REPORTING 9. SOLE DISPOSITIVE POWER PERSON 0 (See Item 5) WITH _____________________________________ 10. SHARED DISPOSITIVE POWER 0 (See Item 5) ------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 (See Item 5) ------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES (X) ------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 0% (See Item 5) ------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON IN ------------------------------------------------------------------- SCHEDULE 13D CUSIP No.02365B100 Page 10 of 28 ------------------------------------------------------------------- 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only) Ana Lucia De Mattos Barretto Villela ------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) ( ) (b) (x) ------------------------------------------------------------------- 3. SEC USE ONLY ------------------------------------------------------------------- 4. SOURCE OF FUNDS* ------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ( ) ------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION Federative Republic of Brazil ------------------------------------------------------------------- 7. SOLE VOTING POWER NUMBER OF 0 (See Item 5) SHARES _____________________________________ BENEFICIALLY 8. SHARED VOTING POWER OWNED BY 0 (See Item 5) EACH _____________________________________ REPORTING 9. SOLE DISPOSITIVE POWER PERSON 0 (See Item 5) WITH _____________________________________ 10. SHARED DISPOSITIVE POWER 0 (See Item 5) ------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 (See Item 5) ------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES (X) ------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 0%(See Item 5) ------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON IN ------------------------------------------------------------------- SCHEDULE 13D CUSIP No.02365B100 Page 11 of 28 ------------------------------------------------------------------- 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only) Eudoro Libanio Villela ------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) ( ) (b) (x) ------------------------------------------------------------------- 3. SEC USE ONLY ------------------------------------------------------------------- 4. SOURCE OF FUNDS* ------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ( ) ------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION Federative Republic of Brazil ------------------------------------------------------------------- 7. SOLE VOTING POWER NUMBER OF 0 (See Item 5) SHARES _____________________________________ BENEFICIALLY 8. SHARED VOTING POWER OWNED BY 0 (See Item 5) EACH _____________________________________ REPORTING 9. SOLE DISPOSITIVE POWER PERSON 0 (See Item 5) WITH _____________________________________ 10. SHARED DISPOSITIVE POWER 0 (See Item 5) ------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 (See Item 5) ------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES (X) -------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 0% (See Item 5) ------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON IN SCHEDULE 13D CUSIP No.02365B100 Page 12 of 28 ------------------------------------------------------------------ 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only) Maria De Lourdes Arruda Villela ------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) ( ) (b) (x) ------------------------------------------------------------------- 3. SEC USE ONLY ------------------------------------------------------------------- 4. SOURCE OF FUNDS* ------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ( ) ------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION Federative Republic of Brazil ------------------------------------------------------------------- 7. SOLE VOTING POWER NUMBER OF 0 (See Item 5) SHARES _____________________________________ BENEFICIALLY 8. SHARED VOTING POWER OWNED BY 0 (See Item 5) EACH _____________________________________ REPORTING 9. SOLE DISPOSITIVE POWER PERSON 0 (See Item 5) WITH _____________________________________ 10. SHARED DISPOSITIVE POWER 0 (See Item 5) ------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 (See Item 5) ------------------------------------------------------------------ 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES (X) ------------------------------------------------------------------ 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 0% (See Item 5) ------------------------------------------------------------------ 14. TYPE OF REPORTING PERSON IN ------------------------------------------------------------------ SCHEDULE 13D CUSIP No.02365B100 Page 13 of 28 ------------------------------------------------------------------- 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only) Ricardo Villela Marino ------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) ( ) (b) (x) ------------------------------------------------------------------- 3. SEC USE ONLY ------------------------------------------------------------------- 4. SOURCE OF FUNDS* ------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ( ) ------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION Federative Republic of Brazil ------------------------------------------------------------------- 7. SOLE VOTING POWER NUMBER OF 0 (See Item 5) SHARES _____________________________________ BENEFICIALLY 8. SHARED VOTING POWER OWNED BY 0 (See Item 5) EACH _____________________________________ REPORTING 9. SOLE DISPOSITIVE POWER PERSON 0 (See Item 5) WITH _____________________________________ 10. SHARED DISPOSITIVE POWER 0 (See Item 5) ------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 (See Item 5) ------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES (X) ------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 0% (See Item 5) ------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON IN ------------------------------------------------------------------- SCHEDULE 13D CUSIP No.02365B100 Page 14 of 28 ------------------------------------------------------------------- 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only) Rodolfo Villela Marino ------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) ( ) (b) (x) ------------------------------------------------------------------- 3. SEC USE ONLY ------------------------------------------------------------------ 4. SOURCE OF FUNDS* ------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ( ) ------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION Federative Republic of Brazil ------------------------------------------------------------------- 7. SOLE VOTING POWER NUMBER OF 0 (See Item 5) SHARES _____________________________________ BENEFICIALLY 8. SHARED VOTING POWER OWNED BY 0 (See Item 5) EACH _____________________________________ REPORTING 9. SOLE DISPOSITIVE POWER PERSON 0 (See Item 5) WITH _____________________________________ 10. SHARED DISPOSITIVE POWER 0 (See Item 5) ------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 (See Item 5) ------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES (X) ------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 0% (See Item 5) ------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON IN ------------------------------------------------------------------- SCHEDULE 13D CUSIP No.02365B100 Page 15 of 28 ------------------------------------------------------------------- 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only) Alfredo Egydio Setubal ------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) ( ) (b) (x) ------------------------------------------------------------------- 3. SEC USE ONLY ------------------------------------------------------------------- 4. SOURCE OF FUNDS* ------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ( ) ------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION Federative Republic of Brazil ------------------------------------------------------------------- 7. SOLE VOTING POWER NUMBER OF 0 (See Item 5) SHARES _____________________________________ BENEFICIALLY 8. SHARED VOTING POWER OWNED BY 0 (See Item 5) EACH _____________________________________ REPORTING 9. SOLE DISPOSITIVE POWER PERSON 0 (See Item 5) WITH _____________________________________ 10. SHARED DISPOSITIVE POWER 0 (See Item 5) ------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 (See Item 5) ------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES (X) ------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 0% (See Item 5) ------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON IN ------------------------------------------------------------------- SCHEDULE 13D CUSIP No.02365B100 Page 16 of 28 ------------------------------------------------------------------- 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only) Jose Luiz Egydio Setubal ------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) ( ) (b) (x) ------------------------------------------------------------------- 3. SEC USE ONLY ------------------------------------------------------------------- 4. SOURCE OF FUNDS* ------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ( ) ------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION Federative Republic of Brazil ------------------------------------------------------------------- 7. SOLE VOTING POWER NUMBER OF 0 (See Item 5) SHARES _____________________________________ BENEFICIALLY 8. SHARED VOTING POWER OWNED BY 0 (See Item 5) EACH _____________________________________ REPORTING 9. SOLE DISPOSITIVE POWER PERSON 0 (See Item 5) WITH _____________________________________ 10. SHARED DISPOSITIVE POWER 0 (See Item 5) ------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 (See Item 5) ------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES (X) ------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 0% (See Item 5) ------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON IN ------------------------------------------------------------------- SCHEDULE 13D CUSIP No.02365B100 Page 17 of 28 ------------------------------------------------------------------- 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only) Maria Alice Setubal ------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) ( ) (b) (x) ------------------------------------------------------------------- 3. SEC USE ONLY ------------------------------------------------------------------- 4. SOURCE OF FUNDS* ------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ( ) ------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION Federative Republic of Brazil ------------------------------------------------------------------- 7. SOLE VOTING POWER NUMBER OF 0 (See Item 5) SHARES _____________________________________ BENEFICIALLY 8. SHARED VOTING POWER OWNED BY 0 (See Item 5) EACH _____________________________________ REPORTING 9. SOLE DISPOSITIVE POWER PERSON 0 (See Item 5) WITH _____________________________________ 10. SHARED DISPOSITIVE POWER 0 (See Item 5) ------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 (See Item 5) ------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES (X) ------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 0% (See Item 5) ------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON IN ------------------------------------------------------------------- SCHEDULE 13D CUSIP No.02365B100 Page 18 of 28 ------------------------------------------------------------------- 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only) Olavo Egydio Setubal Junior ------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) ( ) (b) (x) ------------------------------------------------------------------- 3. SEC USE ONLY ------------------------------------------------------------------- 4. SOURCE OF FUNDS* ------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ( ) ------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION Federative Republic of Brazil ------------------------------------------------------------------- 7. SOLE VOTING POWER NUMBER OF 0 (See Item 5) SHARES _____________________________________ BENEFICIALLY 8. SHARED VOTING POWER OWNED BY 0 (See Item 5) EACH _____________________________________ REPORTING 9. SOLE DISPOSITIVE POWER PERSON 0 (See Item 5) WITH _____________________________________ 10. SHARED DISPOSITIVE POWER 0 (See Item 5) ------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 (See Item 5) ------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES (X) ------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 0% (See Item 5) ------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON IN ------------------------------------------------------------------- SCHEDULE 13D CUSIP No.02365B100 Page 19 of 28 ------------------------------------------------------------------- 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only) Paulo Setubal Neto ------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) ( ) (b) (x) ------------------------------------------------------------------- 3. SEC USE ONLY ------------------------------------------------------------------- 4. SOURCE OF FUNDS* ------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ( ) ------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION Federative Republic of Brazil ------------------------------------------------------------------- 7. SOLE VOTING POWER NUMBER OF 0 (See Item 5) SHARES _____________________________________ BENEFICIALLY 8. SHARED VOTING POWER OWNED BY 0 (See Item 5) EACH _____________________________________ REPORTING 9. SOLE DISPOSITIVE POWER PERSON 0 (See Item 5) WITH _____________________________________ 10. SHARED DISPOSITIVE POWER 0 (See Item 5) ------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 (See Item 5) ------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES (X) ------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 0% (See Item 5) ------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON IN ------------------------------------------------------------------- SCHEDULE 13D CUSIP No.02365B100 Page 20 of 28 ------------------------------------------------------------------- 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only) Ricardo Egydio Setubal ------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) ( ) (b) (x) ------------------------------------------------------------------- 3. SEC USE ONLY ------------------------------------------------------------------- 4. SOURCE OF FUNDS* ------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ( ) ------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION Federative Republic of Brazil ------------------------------------------------------------------- 7. SOLE VOTING POWER NUMBER OF 0 (See Item 5) SHARES _____________________________________ BENEFICIALLY 8. SHARED VOTING POWER OWNED BY 0 (See Item 5) EACH _____________________________________ REPORTING 9. SOLE DISPOSITIVE POWER PERSON 0 (See Item 5) WITH _____________________________________ 10. SHARED DISPOSITIVE POWER 0 (See Item 5) ------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 (See Item 5) ------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES (X) ------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 0% (See Item 5) ------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON IN ------------------------------------------------------------------- Schedule 13D Item 1. Security and Issuer. ------------------- This statement on Schedule 13D (this "Schedule 13D") relates to shares of Class A Common Stock, par value $0.01 per share (the "Shares"), of America Online Latin America, Inc., a Delaware corporation ("AOLA"). The principal executive offices of AOLA are located at 6600 N. Andrews Avenue, Suite 500, Fort Lauderdale, Florida 33309. Item 2. Identity and Background. ----------------------- (a)-(c), (f). This Schedule 13D is being filed by Banco Itau, S.A., a Brazilian corporation (Sociedade Anonima) ("Itau"), Itau Bank, Ltd., a Cayman Limited Liability Company ("Itau Bank"), Itausa - Investimentos Itau, S.A., a Brazilian corporation (Sociedade Anonima) ("Itausa"), Companhia ESA, a Brazilian corporation (Sociedade Anonima) ("ESA"), and the shareholders of ESA, which include Eudoro Libanio Villela, Maria de Lourdes Egydio Villela, Maria de Lourdes Arruda Villela, Ricardo Villela Marino, Rodolfo Villela Marino, Roberto Egydio Setubal ("Mr. Setubal"), Olavo Egydio Setubal, Olavo Egydio Setubal Junior, Alfredo Egydio Arruda Villela Filho, Ana Lucia de Mattos Barretto Villela, Alfredo Egydio Setubal, Jose Luiz Egydio Setubal, Maria Alice Setubal, Paulo Setubal Neto and Ricardo Egydio Setubal (collectively, the "ESA Shareholders" and, collectively with Itau, Itau Bank, Itausa and ESA, each a "Reporting Person" and, collectively, the "Reporting Persons"). The Reporting Persons are filing this Schedule 13D jointly, pursuant to the Joint Filing Agreement described in Item 6. Itau Bank is a wholly-owned subsidiary of Itau. Approximately 77.83% of the issued and outstanding voting securities of Itau are owned, directly or indirectly, by Itausa. Approximately 59.73% of the issued and outstanding voting securities of Itausa are owned, directly or indirectly, by ESA and the ESA Shareholders, who are parties to a voting agreement that provides for such ESA or Itausa securities, as the case may be, to be voted as a block. Mr. Setubal is Director, President and Chief Executive Officer of Itau, Executive Vice President of Itausa and a shareholder of ESA. As of the date hereof, the names and business addresses and the present principal business or present principal employment or occupation of each of the Reporting Persons are set forth in Schedule I attached hereto and incorporated herein by reference. As of the date hereof, the present principal employment or occupation of each of the directors and executive officers of each of the Reporting Persons which are entities, are set forth in Schedule II attached hereto and incorporated herein by reference. All individual Reporting Persons, and each of the directors and executive officers of each of the Reporting Persons which are entities, are citizens of Brazil. Itau, Itausa and ESA are Brazilian corporations (Sociedades Anonimas). Itau Bank is a Cayman Limited Liability Company. (d) and (e). During the last five years, none of the Reporting Persons (or, to the best knowledge of the Reporting Persons, any of the directors or executive officers listed in Schedule II attached hereto) (i) has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or (ii) has been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating such activities subject to, federal or state securities laws or finding any violation with respect to such laws. Item 3. Source and Amount of Funds or Other Consideration. ------------------------------------------------- The information set forth or incorporated by reference in Item 5 is hereby incorporated by reference. On August 11, 2000, AOLA issued 23,775,000 Shares directly to Itau and 7,925,000 Shares directly to Itau Bank, at the same $8.00 per Share price at which Shares were issued by AOLA in its initial public offering ("IPO") consummated on August 11, 2000, in consideration of Itau agreeing to enter into a strategic alliance with AOLA. Itau and Itau Bank obtained the $190,200,000 and $63,400,000 used to purchase the 23,775,000 and 7,925,000 Shares, respectively, from Itau's working capital. (Immediately after such purchases, AOLA made a payment to Itau in the same amount in consideration of the formation of the strategic alliance.) Pursuant to AOLA's 2000 Stock Plan, options to purchase 60,000 Shares at the IPO price of $8.00 per Share (the "Options") were granted to Mr. Setubal in consideration of his serving as a director of AOLA. (See Item 6.) Item 4. Purpose of Transaction. ---------------------- The information set forth or incorporated by reference in Items 5 and 6 is hereby incorporated by reference. The Reporting Persons acquired the Shares for investment purposes. (See Item 6.) Itau and Itau Bank may enter into one or more repurchase or similar transactions with one or more financial institutions with respect to some or all of the 31,700,000 Shares held by Itau and Itau Bank, as contemplated in the Registration Rights Agreement (as defined below). (See Item 6.) Except as set forth above, the Reporting Persons have no present plans or intentions which would result in, or relate to, any of the transactions described in subparagraphs (a) through (j) of Item 4 of Schedule 13D. Item 5. Interest in Securities of the Issuer. ------------------------------------ The information set forth or incorporated by reference in Items 2 and 6 is hereby incorporated by reference. (a),(b), (c) As of the date hereof, Itau and Itau Bank are the beneficial owners of 23,775,000 Shares and 7,925,000 Shares, respectively, which they acquired on August 11, 2000, pursuant to the terms of a Regulation S Stock Subscription Agreement, dated as of June 12, 2000, by and among Itau, Banco Banerj, S.A. ("Banerj") and AOLA (the "Subscription Agreement"), and an Assignment Agreement (Contrato de Cessao de Direitos), dated as of August 8, 2000, by and among Itau, Banerj and Itau Bank (the "Assignment Agreement"). (See Item 6.) As of the date hereof, Mr. Setubal is the beneficial owner of the Options, which were granted to him on August 7, 2000 in his capacity as a director of AOLA. (See Item 6.) Such Shares collectively represent approximately 36.7% of the 86,428,124 issued and outstanding Shares as of August 11, 2000 (assuming the exercise of all issued and outstanding warrants and options to acquire Shares).(1) Assuming the conversion of all issued and outstanding shares of - - - -------- (1) All percentage calculations included in this filing are based on the number of shares of Class A Common Stock or other AOLA securities outstanding on August 7, 2000, as represented by America Online Latin America, Inc. in Amendment No. 13 to its Form S-1 Registration Statement (File No. 333-95051), filed with the Securities and Exchange Commission on August 7, 2000 (the "Effective Registration Statement"). capital stock convertible into, and the exercise of all issued and outstanding warrants and options to acquire, Shares, the 31,700,000 Shares beneficially owned by the Reporting Persons would represent approximately 11.1% of the 286,090,418 issued and outstanding Shares. - - - -------- As the sole shareholder of Itau Bank, Itau may be deemed to have voting and dispositive power with respect to the 7,925,000 Shares beneficially owned by Itau Bank and may therefore be deemed to be the beneficial owner of such Shares. As the owner of 77.83% of the voting securities of Itau, Itausa may be deemed to have voting and dispositive power with respect to the 7,925,000 Shares beneficially owned by Itau Bank and the 31,700,000 Shares beneficially owned by Itau and may therefore be deemed to be the beneficial owners of such Shares. As the owners, directly and indirectly, of 59.73% of the voting securities of Itausa, ESA and the ESA Shareholders, collectively, may be deemed to have voting and dispositive power with respect to such 31,700,000 Shares and may therefore be deemed to be the beneficial owner of such Shares. In accordance with Rule 13d-5(b)(1) of the General Rules and Regulations under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), to the extent a "group" is deemed to exist among the Reporting Persons, each of the Reporting Persons may be deemed to have beneficial ownership, for purposes of Sections 13(g) and 13(d) of the Exchange Act, of the 7,925,000 Shares beneficially owned by Itau Bank, the 23,775,000 Shares beneficially owned by Itau, and the Options beneficially owned by Mr. Setubal. The filing of this Schedule 13D, however, shall not be construed as an admission for the purposes of Sections 13(d) and 13(g) and Regulation 13D-G of the Exchange Act nor for any other purposes or under any other provision of the Exchange Act or the rules promulgated thereunder that Itau is the beneficial owner of the 7,925,000 Shares beneficially owned by Itau Bank, or that any of the other Reporting Persons (other than the respective direct owners) is the beneficial owner of any of the Shares beneficially owned by Itau, Itau Bank or Mr. Setubal. Itau and Banerj are parties to a Registration Rights and Stockholders' Agreement, dated as of August 11, 2000, with AOLA and, for certain limited purposes, America Online, Inc. ("AOL") and Riverview Media Corp. ("Riverview") (the "Registration Rights Agreement"). The Registration Rights Agreement is described under Item 6 of this Schedule 13D. Pursuant to Rule 13d-5(b)(1) promulgated under the Exchange Act, to the extent a "group" is deemed to exist by virtue of the Registration Rights Agreement, each of the Reporting Persons may be deemed to have beneficial ownership, for purposes of Sections 13(g) and 13(d) of the Exchange Act, of all of the equity securities of AOLA beneficially owned by AOL and Riverview. Accordingly, the Reporting Persons could be deemed to beneficially own, as reported in the Effective Registration Statement, an aggregate of 256,064,794 shares, or approximately 89.5% of the 286,090,418 issued and outstanding Shares (assuming the conversion of all issued and outstanding shares of capital stock convertible into, and the exercise of all issued and outstanding warrants and options to acquire, Shares). The Reporting Persons disclaim beneficial ownership of any such securities of AOLA owned directly or indirectly by AOL or Riverview. To the best knowledge of the Reporting Persons, except as set forth in this Schedule 13D, none of the persons listed in Schedule II hereto beneficially owns any Shares. (d) Not applicable. (e) Not applicable. Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer. ------------------------------------------------------ The information set forth or incorporated by reference in Items 2 and 5 is hereby incorporated by reference. On June 12, 2000, Itau and Banerj entered into the Subscription Agreement. On August 8, 2000, pursuant to the Assignment Agreement, Banerj assigned its rights and obligations under the Subscription Agreement to Itau Bank. On August 11, 2000, Itau and Banerj entered into the Registration Rights Agreement. Pursuant to the Registration Rights Agreement, among other things, AOLA appointed Mr. Setubal, Itau's designee, to its Board of Directors, and AOL and Riverview have agreed to vote their AOLA securities in favor of the election of Itau's nominee as a director of AOLA. Pursuant to the Registration Rights Agreement, and the Assignment Agreement, Itau and Itau Bank have agreed, subject to certain exceptions, not to dispose of any of their Shares for an initial period of one year from August 11, 2000, such Shares to thereafter be released from such restriction in such amounts and at such times as set forth in such Agreement. Pursuant to a letter agreement, dated as of August 6, 2000, from Mr. Setubal to Salomon Smith Barney, Inc., Donaldson, Lufkin & Jenrette Securities Corporation, Lehman Brothers Inc. Cazenove & Co. and Prudential Securities Incorporated, as Representatives of the underwriters in the IPO (the "Underwriters"), Mr. Setubal has agreed not to dispose of his Options or any Shares for a period of 180 days from August 7, 2000, subject to certain exceptions (the "Setubal Letter Agreement"). Pursuant to a letter agreement, dated as of August 6, 2000, from Itau to the Underwriters, Itau has agreed not to dispose of its Shares for a period of 180 days from August 7, 2000, subject to certain exceptions (the "Itau Letter Agreement"). Reference is made to the Joint Filing Agreement, dated as of August 21, 2000, by and among the Reporting Persons. The foregoing summary of certain provisions of the Subscription Agreement, the Assignment Agreement, the Registration Rights Agreement, the Setubal Letter Agreement, the Itau Letter Agreement and the Joint Filing Agreement is not intended to be complete and is qualified in its entirety by the complete text of such documents, which are included as Exhibits 1-6 to this Schedule 13D and are incorporated herein by reference. Except as set forth in this Schedule 13D, none of the Reporting Persons and (to the best of the Reporting Persons' knowledge) none of the persons named in Schedule II hereto, has any contracts, arrangements, understandings or relationships (legal or otherwise) with any person with respect to any securities of AOLA, including but not limited to any contracts, arrangements, understandings or relationships concerning the transfer or voting of such securities, finder's fees, joint ventures, loan or option arrangements, puts or calls, guarantees of profits, division of profits or losses, or the giving or withholding of proxies. Item 7. Material to be Filed as Exhibits. -------------------------------- Exhibit 1. Joint Filing Agreement, dated as of August 22, 2000, by and among Banco Itau, S.A., Itau Bank, Ltd., Companhia ESA, Itausa - Investimentos Itau, S.A., Eudoro Libanio Villela, Maria de Lourdes Egydio Villela, Maria de Lourdes Arruda Villela, Ricardo Villela Marino, Rodolfo Villela Marino, Roberto Egydio Setubal, Olavo Egydio Setubal, Olavo Egydio Setubal Junior, Alfredo Egydio Arruda Villela Filho, Ana Lucia de Mattos Barretto Villela, Alfredo Egydio Setubal, Jose Luiz Egydio Setubal, Maria Alice Setubal, Paulo Setubal Neto and Ricardo Egydio Setubal. Exhibit 2. Regulation S Stock Subscription Agreement, dated as of June 12, 2000, by and among Banco Itau, S.A., Banco Banerj, S.A. and America Online Latin America, Inc., incorporated hereto by reference to Exhibit 10.14 to Amendment No. 6 to AOLA's Form S-1 Registration Statement (File No. 333-95051), filed with the Securities and Exchange Commission on June 16, 2000. Exhibit 3. Assignment Agreement (Contrato de Cessao de Direitos), dated as of August 8, 2000, by and among Banco Itau, S.A., Banco Banerj, S.A. and Itau Bank, Ltd. and an English translation thereof. Exhibit 4. Registration Rights and Stockholders' Agreement, dated as of August 11, 2000, by and among Banco Itau, S.A., Banco Banerj, S.A. and America Online Latin America, Inc., and, for certain limited purposes, America Online, Inc. and Riverview Media Corp., incorporated hereto by reference to Exhibit 10.15 to Amendment No. 6 to AOLA's Form S-1 Registration Statement (File No. 333-95051), filed with the Securities and Exchange Commission on June 16, 2000. Exhibit 5. Letter Agreement, dated as of August 6, 2000, from Roberto Egydio Setubal to Salomon Smith Barney, Inc., Donaldson, Lufkin & Jenrette Securities Corporation, Lehman Brothers Inc., Cazenove & Co. and Prudential Securities Incorporated, as Representatives of the Underwriters to America Online Latin America, Inc., in its initial public offering. Exhibit 6. Letter Agreement, dated as of August 6, 2000, from Banco Itau, S.A. to Salomon Smith Barney, Inc., Donaldson, Lufkin & Jenrette Securities Corporation, Lehman Brothers Inc., Cazenove & Co. and Prudential Securities Incorporated, as Representatives of the Underwriters to America Online Latin America, Inc., in its initial public offering. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. August 21, 2000 --------------- Date BANCO ITAU, S.A. By: /s/ Roberto Egydio Setubal --------------------------------------------- Name: Roberto Egydio Setubal Title: President and Chief Executive Officer By: /s/ Henri Penchas --------------------------------------------- Name: Henri Penchas Title: Senior Vice-President SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. August 21, 2000 --------------- Date ITAU BANK, LTD. By: /s/ Roberto Egydio Setubal --------------------------------------------- Name: Roberto Egydio Setubal Title: Director By: /s/ Henri Penchas --------------------------------------------- Name: Henri Penchas Title: Director SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. August 21, 2000 --------------- Date ITAUSA - INVESTIMENTOS ITAU, S.A. By: /s/ Olavo Egydio Setubal --------------------------------------- Name: Olavo Egydio Setubal Title: President By: /s/ Henri Penchas --------------------------------------------- Name: Henri Penchas Title: Executive Director SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. August 21, 2000 ---------------- Date COMPANHIA ESA By: /s/ Eudoro Libanio Villela ---------------------------------------------- Name: Eudoro Libanio Villela Title: President By: /s/ Olavo Egydio Setubal --------------------------------------- Name: Olavo Egydio Setubal Title: Vice-President SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. August 21, 2000 ---------------- Date ROBERTO EGYDIO SETUBAL /s/ Roberto Egydio Setubal --------------------------------------------- SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. August 21, 2000 ---------------- Date OLAVO EGYDIO SETUBAL /s/ Olavo Egydio Setubal ------------------------------------------- SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. August 21, 2000 ---------------- Date MARIA DE LOURDES EGYDIO VILLELA /s/ Maria de Lourdes Egydio Villela ------------------------------------------- SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. August 21, 2000 ---------------- Date ALFREDO EGYDIO ARRUDA VILLELA FILHO /s/ Alfredo Egydio Arruda Villela Filho ------------------------------------------- SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. August 21, 2000 ---------------- Date ANA LUCIA DE MATTOS BARRETTO VILLELA /s/ Ana Lucia de Mattos Barretto Villela ------------------------------------------- SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. August 21, 2000 ---------------- Date EUDORO LIBANIO VILLELA /s/ Eudoro Libanio Villela -------------------------------------------- SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. August 21, 2000 ---------------- Date MARIA DE LOURDES ARRUDA VILLELA /s/ Maria de Lourdes Arruda Villela -------------------------------------------- SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. August 21, 2000 ---------------- Date RICARDO VILLELA MARINO /s/ Ricardo Villela Marino -------------------------------------------- SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. August 21, 2000 ---------------- Date RODOLFO VILLELA MARINO /s/ Rodolfo Villela Marino -------------------------------------------- SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. August 21, 2000 ---------------- Date ALFREDO EGYDIO SETUBAL /s/ Alfredo Egydio Setubal -------------------------------------------- SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. August 21, 2000 ---------------- Date JOSE LUIZ EGYDIO SETUBAL /s/ Jose Luiz Egydio Setubal -------------------------------------------- SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. August 21, 2000 ---------------- Date MARIA ALICE SETUBAL /s/ Maria Alice Setubal -------------------------------------------- SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. August 21, 2000 ---------------- Date OLAVO EGYDIO SETUBAL JUNIOR /s/ Olavo Egydio Setubal Junior -------------------------------------------- SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. August 21, 2000 ---------------- Date PAULO SETUBAL NETO /s/ Paulo Setubal Neto -------------------------------------------- SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. August 21, 2000 ---------------- Date RICARDO EGYDIO SETUBAL /s/ Ricardo Egydio Setubal --------------------------------------------
SCHEDULE I Present Principal Business or Present Principal Employment or Name Occupation Principal Business Address - - - ------------------------------------------------------------------------------------------- Banco Itau, S.A. Financial Rua Boa Vista,176 Institution Sao Paulo-SP, Brazil Itausa - Investimentos Holding Company Praca Alfredo Egydio de Souza Itau, S.A. Aranha, 100 Torre Itausa Sao Paulo-SP, Brazil Companhia ESA Holding Company Praca Alfredo Egydio de Souza Aranha, 100 Torre Itausa Sao Paulo-SP, Brazil Itau Bank, Ltd. Financial P.O. Box 10141 APO Institution Ansbacher House, 3rd Floor 20 Genesis Close George Town, Grand Cayman Cayman Islands B.W.I. Eudoro Libanio Villela Chairman of the Board, Rua Boa Vista,176 Itausa Sao Paulo-SP, Brazil Maria de Lourdes Egydio Director, Rua Boa Vista,176 Villela Itau Sao Paulo-SP, Brazil Maria de Lourdes Arruda Not Employed Rua Boa Vista,176 Villela Sao Paulo-SP, Brazil Ricardo Villela Marino Engineering Student Rua Boa Vista,176 Sao Paulo-SP, Brazil Rodolfo Villela Marino Business Administration Rua Boa Vista,176 Student Sao Paulo-SP, Brazil Roberto Egydio Setubal Director and President Rua Boa Vista,176 and CEO, Itau Sao Paulo-SP, Brazil Olavo Egydio Setubal Director and President Praca Alfredo Egydio de Souza and CEO, Itausa Aranha, 100 Torre Itausa Sao Paulo-SP, Brazil Olavo Egydio Setubal Vice-President, Praca Alfredo Egydio de Souza Junior Itau Seguros S.A. Aranha, 100 Torre Itausa Sao Paulo-SP, Brazil Alfredo Egydio Arruda Director, Itausa Rua Sansao Alves dos Santos, 102 cong. 71 Villela Filho Sao Paulo-SP, Brazil Ana Lucia de Mattos Director, Itau Rua Sansao Alves dos Santos, 102 cong. 71 Barretto Villela Sao Paulo-SP, Brazil Alfredo Egydio Setubal Executive Vice-President, Rua Boa Vista, 185 Itau Sao Paulo-SP, Brazil Jose Luiz Egydio Setubal Managing Director, Rua Dr. Jesuino Maciel, 345 Itau Turismo Ltd. Sao Paulo-SP, Brazil Maria Alice Setubal Manager, Mass Alameda Gabriel Monteiro da Administracao de Silva, 2138 Bens Ltda. Sao Paulo-SP, Brazil Paulo Setubal Neto Director, Itausa Av. Paulista, 1938 Sao Paulo-SP, Brazil Ricardo Egydio Setubal Executive Vice-President, Rua Santa Catarina, 1 Itautec Philco S.A. Sao Paulo-SP, Brazil - - - ------------------------------------- -------------------------- --------------------------------------
SCHEDULE II Present Principal Business Present Principal Business of Entities and Principal Address Positions of Directors Employment Name and Executive Officers or Occupation Banco Itau, S.A. Financial Rua Boa Vista,176 a Brazilian Institution Sao Paulo, Brazil Sociedade Anonima Olavo Egydio Chairman of the Director and President Praca Alfredo Egydio de Setubal Board of and CEO, Itausa Souza Aranha, 100 Directors Torre Itausa Sao Paulo-SP, Brazil Eudoro Libanio Vice-Chairman of Chairman of the Rua Boa Vista, 176 Villela the Board of Board, Itausa Sao Paulo-SP, Brazil Directors Jose Carlos Vice-Chairman of Vice-Chairman of the Pca. Alfredo Egydio de Moraes Abreu the Board of Board and Director- Souza Aranha, 100 Directors General, Itausa Torre Itausa Sao Paulo-SP, Brazil Ana Lucia de Mattos Director Director, Itau Rua Sansao Alves Barretto Villela dos Santos, 102 cong. 71 Sao Paulo-SP, Brazil Carlos da Camara Director Director, Itau Rua Boa Vista, 176 Pestana Sao Paulo-SP, Brazil Henri Penchas Director and Senior Director and Senior Pca. Alfredo Egydio de Vice-President Vice-President, Itau Souza Aranha, 100 Torre Conceicao Sao Paulo-SP, Brazil Jairo Cupertino Director Director, Itau Pca. Alfredo Egydio de Souza Aranha, 100 Torre Itausa Sao Paulo-SP, Brazil Luiz Assumpcao Director Director, Itau Rua Boa Vista, 176 Queiroz Guimaraes Sao Paulo-SP, Brazil Luiz de Moraes Director Director, Itausa Av. Paulista, 1938 Barros Sao Paulo-SP, Brazil Maria de Lourdes Director Director, Itau Rua Boa Vista,176 Egydio Villela Sao Paulo-SP, Brazil Mauricio Libanio Director Director, Itau Av. Presidente Antonio Villela Carlos, 615 Rio de Janeiro-RJ, Brazil Roberto Egydio Director and Director and President Rua Boa Vista, 176 Setubal President and CEO and CEO, Itau Sao Paulo-SP, Brazil Sergio Silva de Director and Senior Vice-President, Rua Boa Vista,176 Freitas Senior Vice- Itau Sao Paulo-SP, Brazil President Alberto Dias de Executive Executive Vice-President, Rua Boa Vista, 176 Mattos Barretto Vice-President Itau Sao Paulo-SP, Brazil Alfredo Egydio Executive Executive Vice-President, Rua Boa Vista, 185 Setubal Vice-President Itau Sao Paulo-SP, Brazil Antonio Jacinto Executive Executive Vice-President, Rua Boa Vista, 176 Matias Vice-President Itau Sao Paulo-SP, Brazil Humberto Fabio Executive Executive Vice-President, Rua Boa Vista, 176 Fischer Pinotti Vice-President Itau Sao Paulo-SP, Brazil Milton Luis Ubach Executive Executive Vice-President, Rua Boa Vista, 176 Monteiro Vice-President Itau Sao Paulo-SP, Brazil Renato Roberto Executive Executive Vice-President, Av. do Estado, 5533 Cuoco Vice-President Itau Sao Paulo-SP, Brazil Luciano da Silva Legal Legal Consultant, Itau Pca. Alfredo Egydio de Amaro Consultant Souza Aranha, 100 Torre Conceicao Sao Paulo-SP, Brazil Antonio Carlos Executive Executive Director, Itau Rua Boa Vista, 185 Barbosa de Director Sao Paulo-SP, Brazil Oliveira Joao Jaco Executive Executive Director, Itau Rua Boa Vista, 176 Hazarabedian Director Sao Paulo-SP, Brazil Luiz Christiano Executive Executive Director, Itau Pca. Alfredo Egydio de de Lima Alves Director Souza Aranha, 100 Torre Alfredo Egydio Sao Paulo-SP, Brazil Rodolfo Henrique Executive Executive Director, Itau Rua Boa Vista, 176 Fischer Director Sao Paulo-SP, Brazil Ronald Anton de Executive Executive Director, Itau Rua Boa Vista, 176 Jongh Director Sao Paulo-SP, Brazil Ruy Villela Executive Executive Director, Itau Rua Boa Vista, 176 Moraes Abreu Director Sao Paulo-SP, Brazil Itausa - Holding Company Praca Alfredo Egydio de Investimentos Souza Aranha, 100 Itau, S.A., Torre Itausa a Brazilian Sao Paulo-SP, Brazil Sociedade Anonima Olavo Egydio Director and Director and President Praca Alfredo Egydio de Setubal President and CEO and CEO, Itausa Souza Aranha, 100 Torre Itausa Sao Paulo-SP, Brazil Eudoro Libanio Villela Chairman of the Chairman of the Board, Rua Boa Vista,176 Board of Directors Itausa Sao Paulo-SP, Brazil Jose Carlos Vice-Chairman of Vice-Chairman of the Pca. Alfredo Egydio de Moraes Abreu the Board of Board and Director Souza Aranha, 100 Directors and -General, Itausa Torre Itausa Director- Sao Paulo-SP, Brazil General Alfredo Egydio Director Director, Itausa Rua Sansao Alves dos Arruda Villela Santos, 102 cong. 71 Filho Sao Paulo-SP, Brazil Luiz de Moraes Director Director, Itausa Av. Paulista, 1938 Barros Sao Paulo-SP, Brazil Paulo Setubal Neto Director Director, Itausa Av. Paulista, 1938 Sao Paulo-SP, Brazil Jairo Cupertino Executive Vice- Executive Vice-President, Pca. Alfredo Egydio de President Itausa Souza Aranha, 100 Torre Itausa Sao Paulo-SP, Brazil Roberto Egydio Setubal Executive Director and President Rua Boa Vista,176 Vice-President and CEO, Itau Sao Paulo-SP, Brazil Henri Penchas Executive Director Director and Senior Pca. Alfredo Egydio de Vice-President, Itau Souza Aranha, 100 Torre Conceicao Sao Paulo-SP, Brazil Luiz de Campos Executive President, Itau Pca. Alfredo Egydio de Salles Director Seguros Souza Aranha, 100 S.A. Torre Itausa Sao Paulo-SP, Brazil Companhia ESA, Holding Company Praca Alfredo Egydio de a Brazilian Souza Aranha, 100 Sociedade Anonima Torre Itausa Sao Paulo-SP, Brazil Eudoro Libanio Chairman of the Chairman of the Board, Rua Boa Vista, 176 Villela Board of Itausa Sao Paulo-SP, Brazil Directors and President and CEO Olavo Egydio Vice-Chairman of Director and President Praca Alfredo Egydio de Setubal the Board of and CEO, Itausa Souza Aranha, 100 Directors and Torre Itausa Vice-President Sao Paulo-SP, Brazil Alfredo Egydio Director and Director, Itausa Rua Sansao Alves dos Arruda Villela Officer Santos, 102 cong. 71 Filho Sao Paulo-SP, Brazil Alberto Dias de Director Executive Vice-President, Rua Boa Vista, 176 Mattos Barretto Itau Sao Paulo-SP, Brazil Ana Lucia de Director Director, Itau Rua Sansao Alves dos Mattos Barretto Santos, 102 cong. 71 Villela Sao Paulo-SP, Brazil Jose Luiz Egydio Director Managing Director, Itau Rua Dr. Jesuino Maciel, Setubal Turismo 345 Ltda. Sao Paulo-SP, Brazil Maria Alice Director Manager, Mass Alameda Gabriel Monteiro Setubal Administrac da Silva, 2138 ao de Bens Sao Paulo-SP, Brazil Ltda. Maria de Lourdes Director Not Employed Rua Boa Vista, 176 Arruda Villela Sao Paulo-SP, Brazil Maria de Lourdes Director Director, Itau Rua Boa Vista, 176 Egydio Villela Sao Paulo-SP, Brazil Paulo Setubal Director Director, Itausa Av. Paulista, 1938 Neto Sao Paulo-SP, Brazil Roberto Egydio Director Director and President Rua Boa Vista, 176 Setubal and CEO, Itau Sao Paulo-SP, Brazil Olavo Egydio Director Vice-President, Itau Praca Alfredo Egydio de Setubal Junior Seguros Souza Aranha, 100 S.A. Torre Itausa Sao Paulo-SP, Brazil Itau Bank, Ltd., Financial P.O. Box 10141 APO a Cayman Limited Institution Ansbacher House, 3rd Floor Liability Company 20 Genesis Close George Town, Grand Cayman Cayman Islands B.W.I. Olavo Egydio Director Director and President Praca Alfredo Egydio de Setubal and CEO, Itausa Souza Aranha, 100 Torre Itausa Sao Paulo-SP, Brazil Jose Carlos Director Vice-Chairman of the Pca. Alfredo Egydio de Moraes Abreu Board, and Director- Souza Aranha, 100 General, Itausa Torre Itausa Sao Paulo-SP, Brazil Henri Penchas Director Director and Senior Pca. Alfredo Egydio de Vice-President, Itau Souza Aranha, 100 Torre Conceicao Sao Paulo-SP, Brazil Roberto Egydio Director Director and President Rua Boa Vista,176 Setubal and CEO, Itau Sao Paulo-SP, Brazil Carlos Da Camara Director Director and Senior Vice- Rua Boa Vista, 176 Pestana President, Itau Sao Paulo-SP, Brazil Sergio Silva De Director Executive Vice-President, Rua Boa Vista, 176 Freitas Itau Sao Paulo-SP, Brazil Alberto Dias De Director Director, Itau Rua Boa Vista, 176 Mattos Barretto Sao Paulo-SP, Brazil Fernando Antonio Director Managing Director, Itau Rua Boa Vista, 176 Neves Lima Sao Paulo-SP, Brazil Paulo Roberto Director Senior Managing Rua Boa Vista, 176 Soares Director, Itau Sao Paulo-SP, Brazil
EXHIBIT INDEX Exhibit 1. Joint Filing Agreement, dated as of August 22, 2000, by and among Banco Itau, S.A., Itau Bank, Ltd., Companhia ESA, Itausa - Investimentos Itau, S.A., Eudoro Libanio Villela, Maria de Lourdes Egydio Villela, Maria de Lourdes Arruda Villela, Ricardo Villela Marino, Rodolfo Villela Marino, Roberto Egydio Setubal, Olavo Egydio Setubal, Olavo Egydio Setubal Junior, Alfredo Egydio Arruda Villela Filho, Ana Lucia de Mattos Barretto Villela, Alfredo Egydio Setubal, Jose Luiz Egydio Setubal, Maria Alice Setubal, Paulo Setubal Neto and Ricardo Egydio Setubal. Exhibit 2. Regulation S Stock Subscription Agreement, dated as of June 12, 2000, by and among Banco Itau, S.A., Banco Banerj, S.A. and America Online Latin America, Inc., incorporated hereto by reference to Exhibit 10.14 to Amendment No. 6 to AOLA's Form S-1 Registration Statement (File No. 333-95051), filed with the Securities and Exchange Commission on June 16, 2000. Exhibit 3. Assignment Agreement (Contrato de Cessao de Direitos), dated as of August 8, 2000, by and among Banco Itau, S.A., Banco Banerj, S.A. and Itau Bank, Ltd. and an English translation thereof. Exhibit 4. Registration Rights and Stockholders' Agreement, dated as of August 11, 2000, by and among Banco Itau, S.A., Banco Banerj, S.A. and America Online Latin America, Inc., and, for certain limited purposes, America Online, Inc. and Riverview Media Corp., incorporated hereto by reference to Exhibit 10.15 to Amendment No. 6 to AOLA's Form S-1 Registration Statement (File No. 333-95051), filed with the Securities and Exchange Commission on June 16, 2000. Exhibit 5. Letter Agreement, dated as of August 6, 2000, from Roberto Egydio Setubal to Salomon Smith Barney, Inc., Donaldson, Lufkin & Jenrette Securities Corporation, Lehman Brothers Inc. Cazenove & Co. and Prudential Securities Incorporated, as Representatives of the Underwriters to America Online Latin America, Inc., in its initial public offering. Exhibit 6. Letter Agreement, dated as of August 6, 2000, from Banco Itau, S.A. to Salomon Smith Barney, Inc., Donaldson, Lufkin & Jenrette Securities Corporation, Lehman Brothers Inc. Cazenove & Co. and Prudential Securities Incorporated, as Representatives of the Underwriters to America Online Latin America, Inc., in its initial public offering. Exhibit 1 JOINT FILING AGREEMENT The undersigned hereby agree, pursuant to Rule 13d-1(k) of the Securities Exchange Act of 1934, as amended, to file a joint statement on Schedule 13D and amendments thereto pertaining to their beneficial ownership of shares of Class A Common Stock, par value $0.01 per share, of America Online Latin America, Inc. This agreement may be terminated for any reason by any party hereto immediately upon the personal delivery or facsimile transmission of notice to that effect to the other parties hereto. This agreement may be executed in counterparts and all so executed shall constitute the agreement. Dated August 21, 2000 BANCO ITAU, S.A. By: /s/ Roberto Egydio Setubal --------------------------------------------- Name: Roberto Egydio Setubal Title: President and Chief Executive Officer By: /s/ Henri Penchas --------------------------------------------- Name: Henri Penchas Title: Senior Vice-President ITAU BANK, LTD. By: /s/ Roberto Egydio Setubal --------------------------------------------- Name: Roberto Egydio Setubal Title: Director By: /s/ Henri Penchas --------------------------------------------- Name: Henri Penchas Title: Director ITAUSA - INVESTIMENTOS ITAU, S.A. By: /s/ Olavo Egydio Setubal ---------------------------------------------- Name: Olavo Egydio Setubal Title: President By: /s/ Henri Penchas --------------------------------------------- Name: Henri Penchas Title: Executive Director COMPANHIA ESA By: /s/ Eudoro Libanio Villela --------------------------------------------- Name: Eudoro Libanio Villela Title: President and Chief Executive Officer By: /s/ Olavo Egydio Setubal --------------------------------------- Name: Olavo Egydio Setubal Title: Vice-President ROBERTO EGYDIO SETUBAL /s/ Roberto Egydio Setubal --------------------------------------------- OLAVO EGYDIO SETUBAL /s/ Olavo Egydio Setubal ------------------------------------------- MARIA DE LOURDES EGYDIO VILLELA /s/ Maria de Lourdes Egydio Villela ------------------------------------------- ALFREDO EGYDIO ARRUDA VILLELA FILHO ------------------------------------------- /s/ Alfredo Egydio Arruda Villela Filho ANA LUCIA DE MATTOS BARRETTO VILLELA ------------------------------------------- /s/ Ana Lucia de Mattos Barretto Villela EUDORO LIBANIO VILLELA /s/ Eudoro Libanio Villela -------------------------------------------- MARIA DE LOURDES ARRUDA VILLELA /s/ Maria de Lourdes Arruda Villela -------------------------------------------- RICARDO VILLELA MARINO /s/ Ricardo Villela Marino -------------------------------------------- RODOLFO VILLELA MARINO /s/ Rodolfo Villela Marino -------------------------------------------- ALFREDO EGYDIO SETUBAL /s/ Alfredo Egydio Setubal -------------------------------------------- JOSE LUIZ EGYDIO SETUBAL /s/ Jose Luiz Egydio Setubal -------------------------------------------- MARIA ALICE SETUBAL /s/ Maria Alice Setubal -------------------------------------------- OLAVO EGYDIO SETUBAL JUNIOR /s/ Olavo Egydio Setubal Junior -------------------------------------------- PAULO SETUBAL NETO /s/ Paulo Setubal Neto -------------------------------------------- RICARDO EGYDIO SETUBAL /s/ Ricardo Egydio Setubal -------------------------------------------- WITNESS: By:_______________________ Name: Title: WITNESS: By:_______________________ Name: Title: Exhibit 3 CONTRATO DE CESSAO DE DIREITOS Banco Itau S.A., com sede na Rua Boa Vista, 176, Sao Paulo, CNPJ 60.701.190/0001-04; Banco Banerj S.A., com sede na Rua da Alfandega, 28 - 9(o) andar, Rio de Janeiro, CNPJ 33.885.724/0001-19 (CEDENTES), e Itau Bank Ltd., Ansbacher House, 3rd Floor, 20 Genesis Close - P.O. Box 10141, Grand Cayman, Cayman Islands, B.W.I. (CESSIONARIO), contratam o que segue. 1. Em 12.06.2000, os CEDENTES celebraram com America Online Latin America, Inc. (CIA.) o contrato Regulation S Stock Subscription Agreement (CONTRATO), por meio do qual adquiriram o direito de subscrever 12% do capital social da CIA., na forma e pelo modo previstos no CONTRATO. 2. Nos termos da clausula 7.05 do CONTRATO, os CEDENTES cedem ao CESSIONARIO 1/4 (um quarto) dos seus direitos de subscricao objeto do CONTRATO. 2.1. Os restantes 3/4(tres quartos) desses direitos serao exercidos integralmente pelo Banco Itau S.A., agindo por sua agencia em Cayman Islands. 3. Os CEDENTES declaram-se solidariamente responsaveis com o CESSIONARIO pelas obrigacoes decorrentes do CONTRATO. Este instrumento e assinado em 5 (cinco) vias. Sao Paulo, 08 de agosto de 2000 CEDENTES: /s/ Ruy Villela Moraes Abreu /s/ Roberto Egydio Setubal -------------------------------------------------------------- Banco Itau S.A. /s/ Humberto Fabio Fischer Pinotti /s/ Roberto Egydio Setubal -------------------------------------------------------------- Banco Banerj S.A. CESSIONARIO: /s/ Alberto Dias de Mattos Barretto /s/ Roberto Egydio Setubal -------------------------------------------------------------- Itau Bank Ltd. TESTEMUNHAS: - - - ------------------------------ ------------------------------ ASSIGNMENT AGREEMENT (TRANSLATION) Banco Itau S.A., located at Rua Boa Vista, 176, Sao Paulo, CNPJ 60.701.190/0001-04; and Banco Banerj S.A., located at Rua da Alfandega, 28, 9th Floor, Rio de Janeiro, CNPJ 33.885.724/0001-19 (the "Assignors") and Itau Bank Ltd., Ansbacher House, 3rd Floor, 20 Genesis Close - P.O. Box 10141, Grand Cayman, Cayman Islands B.W.I. (the "Assignee") contract as follows: 1. On June 12, 2000, the Assignors entered into the Regulation S Stock Subscription Agreement (the "Agreement") with America Online Latin America, Inc. ("AOLA"), whereby they acquired the right to subscribe 12% of the capital stock of AOLA under the terms and conditions set forth in the Agreement. 2. Under the terms of Section 7.05 of the Agreement, the Assignors hereby assign to the Assignee 1/4 (one fourth) of their rights of subscription under the Agreement. 2.1 The remaining 3/4 (three fourths) of such rights will be exercised by Banco Itau S.A.'s branch located in the Cayman Islands. 3. The Assignors and the Assignee both remain jointly and severally liable under the obligations set forth in the Agreement. This Assignment Agreement is executed in five (5) counterparts. Sao Paulo, August 8, 2000 ASSIGNORS: /s/ Ruy Villela Moraes Abreu /s/ Roberto Egydio Setubal ------------------------------------------------------------- Banco Itau S.A. /s/ Humberto Fabio Fischer Pinotti /s/ Roberto Egydio Setubal ------------------------------------------------------------- Banco Banerj S.A. ASSIGNEE: /s/ Alberto Dias de Mattos Barretto /s/ Roberto Egydio Setubal -------------------------------------------------------------- Itau Bank Ltd. WITNESSES: - - - ---------------------------- ----------------------- Exhibit 5 America Online Latin America, Inc. Public Offering of Common Stock August , 2000 Salomon Smith Barney Inc. Donaldson, Lufkin & Jenrette Securities Corporation Lehman Brothers Inc. Cazenove & Co. Prudential Securities Incorporated As Representatives of the several Underwriters, c/o Salomon Smith Barney Inc. 388 Greenwich Street New York, New York 10013 Ladies and Gentlemen: This letter is being delivered to you in connection with the proposed Underwriting Agreement (the "Underwriting Agreement"), between America Online Latin America, Inc., a Delaware corporation (the "Company"), and each of you as representatives of a group of Underwriters named therein, relating to an underwritten public offering of Class A Common Stock, $.01 par value (the "Common Stock"), of the Company. Terms not otherwise defined herein shall have the meanings ascribed to them in the Registration Rights and Stockholders' Agreement amongst the Company, Banco Itau, S.A., a Brazilian Sociedade Anonima ("Itau") and Banco Banerj, S.A., a Brazilian Sociedade Anonima (the "Registration Rights and Stockholders' Agreement"). In order to induce you and other Underwriters to enter into the Underwriting Agreement, the undersigned will not, without the prior written consent of Salomon Smith Barney Inc. and Donaldson, Lufkin & Jenrette Securities Corporation, offer, sell, contract to sell, pledge or otherwise dispose of, (or enter into any transaction which is designed to, or might reasonably be expected to, result in the disposition (whether by actual disposition or effective economic disposition due to cash settlement or otherwise) by the undersigned or any affiliate of the undersigned) directly or indirectly, including the filing (or participation in the filing) of a registration statement with the Securities and Exchange Commission in respect of, or establish or increase a put equivalent position or liquidate or decrease a call equivalent position within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended, and the rules and regulations of the Securities and Exchange Commission promulgated thereunder with respect to, any shares of capital stock of the Company or any securities convertible into, or exercisable or exchangeable for such capital stock, or publicly announce an intention to effect any such transaction, for a period of 180 days after the date of the Underwriting Agreement. It is agreed and understood that nothing in this Agreement shall prohibit the undersigned from (1) exercising any stock option granted as a direct or indirect result of any Company program, including, but not limited to, any form of "cashless" exercise generally available for such grants, provided that the net resulting shares from such exercise are not sold during the period in this Agreement; (2) transferring Company stock to the acquiring entity in the event the Company is consolidated with or acquired by another entity in a merger, tender offer or otherwise; (3) using any Company stock or stock options as collateral for a loan; (4) gifting any Company stock to family members or family trusts; and (5) transferring Company stock to any affiliates, as such term is defined in Rule 405 under the Securities Act of 1933, as amended, provided that in the case of transfers under clauses (3) through (5), such transferee executes this Agreement or an agreement substantially similar in form. It is also agreed and understood that nothing in this Agreement shall prohibit the undersigned or its affiliates from (1) transferring the Shares to Permitted Stockholders Affiliates or (2) entering into Repo transactions effected in accordance with the provisions of Section 10.1(f) in the Registration Rights and Stockholders' Agreement. If for any reason the Underwriting Agreement shall be terminated prior to the Closing Date (as defined in the Underwriting Agreement), the Agreement set forth above shall likewise be terminated. Yours very truly, /s/ Roberto Egydio Setubal -------------------------------- Name: Roberto Egydio Setubal Exhibit 6 America Online Latin America, Inc. Public Offering of Common Stock , 2000 Salomon Smith Barney Inc. Donaldson, Lufkin & Jenrette Securities Corporation Lehman Brothers Inc. Cazenove & Co. Prudential Securities Incorporated As Representatives of the several Underwriters, c/o Salomon Smith Barney Inc. 388 Greenwich Street New York, New York 10013 Ladies and Gentlemen: This letter is being delivered to you in connection with the proposed Underwriting Agreement (the "Underwriting Agreement"), between America Online Latin America, Inc., a Delaware corporation (the "Company"), and each of you as representatives of a group of Underwriters named therein, relating to an underwritten public offering of Class A Common Stock, $.01 par value (the "Common Stock"), of the Company. Terms not otherwise defined herein shall have the meanings ascribed to them in the Registration Rights and Stockholders Agreement amongst the Company, Banco Itau, S.A., a Brazilian Sociedade Anonima ("Itau") and Banco Banerj, S.A., a Brazilian Sociedade Anonima (the "Registration Rights and Stockholders Agreement"). In order to induce you and other Underwriters to enter into the Underwriting Agreement, the undersigned will not, without the prior written consent of Salomon Smith Barney Inc. and Donaldson, Lufkin & Jenrette Securities Corporation, offer, sell, contract to sell, pledge or otherwise dispose of, (or enter into any transaction which is designed to, or might reasonably be expected to, result in the disposition (whether by actual disposition or effective economic disposition due to cash settlement or otherwise) by the undersigned or any affiliate of the undersigned) directly or indirectly, including the filing (or participation in the filing of) a registration statement with the Securities and Exchange Commission in respect of, or establish or increase a put equivalent position or liquidate or decrease a call equivalent position within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended, and the rules and regulations of the Securities and Exchange Commission promulgated thereunder with respect to, any shares of capital stock of the Company or any securities convertible into, or exercisable or exchangeable for such capital stock, or publicly announce an intention to effect any such transaction, for a period of 180 days after the date of the Underwriting Agreement, other than shares of Common Stock disposed of as bona fide gifts approved by Salomon Smith Barney Inc. and Donaldson, Lufkin & Jenrette Securities Corporation. It is agreed and understood that nothing in this agreement shall prohibit the undersigned or its affiliates from (1) transferring Common Stock to Permitted Stockholder Affiliates or (2) entering into Repo transactions effected in accordance with the provisions of Section 10.1(f) in the Registration Rights and Stockholders' Agreement. If for any reason the Underwriting Agreement shall be terminated prior to the Closing Date (as defined in the Underwriting Agreement), the agreement set forth above shall likewise be terminated. Yours very truly, BANCO ITAU, S.A. By: /s/ Antonio Carlos Genoveze /s/ Marcelo Sanchez -------------------------------------------------- Name: Antonio Carlos Genoveze Marcelo Sanchez Address: -----END PRIVACY-ENHANCED MESSAGE-----