Board Meeting - Minute


Atualizado em 2007-02-28T19:53:00
All the dates of this page are presented in official timezone of Brasilia - Brazil.

File Text

NATURA COSMÉTICOS S.A.

|CNPJ/MF No.    |Publicly-h|NIRE        |
|71.673.990/0001|eld       |35.300.143.1|
|-77            |Company   |83          |

    Capital Subscribed to and Paid-in: R$
   233,862,055.13 - 428,193,460 Registered
         Shares of Common Stock [ON]
   Authorized Capital: up to 14,117,070 ON
                    shares

  MINUTES OF THE BOARD OF DIRECTORS MEETING
          HELD ON FEBRUARY 28, 2007

      On February 28, 2007,  at  09:00  a.m.,
at the Company's Headquarters located in  the
City of Itapecerica da Serra,  State  of  São
Paulo, at Rodovia  Régis  Bittencourt,  s/no,
Km 293, Edifício I, the  Board  of  Directors
of NATURA COSMÉTICOS  S.A.  held  a  meeting,
with attendance of all  of  its  members  and
under  the  chairmanship  of  Mr.   Guilherme
Peirão Leal, for the purpose of, pursuant  to
articles 20, item X and 27, paragraph two  of
the Company's Bylaws and to  the  legislation
in force, examining,  discussing  and  voting
the Management Report,  Financial  Statements
and Accounting Statements, as accompanied  by
the Opinion of the Independent Auditors,  for
the fiscal year ended on December  31,  2006,
and  the  proposal  of  allocation   of   net
profits in the fiscal year ended on  December
31, 2006, to  be  addressed  to  the  Company
shareholders, for discussion  at  the  Annual
Shareholders Meeting to be held on  April  2,
2007.

      After the subject being  analyzed,  the
directors concluded, by  unanimous  vote  and
without any reservations, for  the  acuteness
of   the   Management    Report,    Financial
Statements  and  Accounting  Statements,   as
accompanied   by   the   Opinion    of    the
Independent Auditors,  for  the  fiscal  year
Atualizado em 2007-02-28T19:53:00
All the dates of this page are presented in official timezone of Brasilia - Brazil.