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MINUTES OF THE EXTRAORDINARY BOARD OF DIRECTORS’ MEETING HELD ON AUGUST 20th, 2009
DATA, HORA E LOCAL: On August 20th, 2009, at 2:30 pm, at the Company’s headquarters, located at Avenida Paulista, no. 37, 15th floor, Bairro Paraíso, Zip Code 01311-902, in the city and state of São Paulo.
CONVOCAÇÃO: The call notice was waived due to the presence of all members of the Board of Directors.
PRESENÇAS: All members of the Board of Directors.
MESA: Presidente: Chairman: Mr. Michel Esper Saad Junior; Secretary: Mr. Marco Antonio Cattini Mattar.
ORDEM DO DIA: (i) to approve the Executive Board’s proposal to sell the Company’s interest in Special Purpose Company.
DELIBERAÇÕES: The members of the Board of Directors unanimously decided, without restrictions, to take the following resolutions:
(i) The members of the Board of Directors, pursuant to Section 17, Clause XXV of the Company’s Bylaws, approved the Executive Board’s proposal to sell the Company’s interest in the Special Purpose Company “MADRID EMPREENDIMENTOS IMOBILIÁRIOS LTDA” in partnership with TECNISA S.A. The details and documents relating to said transaction will be duly filed at the Company’s headquarters for consultation. The Executive Officers are hereby authorized to sign all the necessary documents to formalize said operation.
CLOSURE, DRAWING UP, APPROVAL AND SIGNING OF MINUTES: There being no further issues to address, these Minutes were drawn up, read, approved and signed by those present. Attendance: Michel Esper Saad Jr.; Jorge Cury Neto; José Roberto Cury; Marco Antonio Cattini Mattar; Ronaldo José Sayeg; Raul Carlos Pereira Barreto and Ricardo Malavazi Martins.
This is a free translation of the minutes drawn up in the Company’s Records.
São Paulo, 20 de agosto de 2009.
Marco Antonio Cattini Mattar
Secretary
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