HELD ON OCTOBER 19th, 2009

DATE, TIME AND VENUE: On October 19th, 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.

CALL NOTICE: The call notice was waived due to the presence of all members of the Board of Directors.

ATTENDANCE: All members of the Board of Directors.

OFFICERS OF THE MEETING: Chairman: Mr. Michel Esper Saad Junior; Secretary: Mr. Marco Antonio Cattini Mattar.

AGENDA: (i) acknowledgement and approval of Management‘s Reports; (ii) acceptance of the resignation submitted by Ms. Rebeca de Ouro Preto from the position of the Investor Relations Officer and (iii) subsequently, appointment of a replacement for said position.

RESOLUTIONS: The members of the Board of Directors unanimously decided, without restrictions, to take the following resolutions:

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Last Update on October 19, 2009