Board Meeting - Minute


Atualizado em 2007-02-28T19:50:57
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  10:30  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  examining,
discussing and voting,  pursuant  to  article
199 and paragraph one of article 169  of  Law
6,404/76   and   further   amendments,    the
proposal of capitalization  of  part  of  the
profit reserves balance, without issuing  new
non-par registered common shares.

           After analyzing the  matter,  the
board members  approved,  by  unanimous  vote
and without any reservations, the  forwarding
of the proposal of capitalization of part  of
the profit reserves balance, without  issuing
new non-par registered common shares, in  the
total  amount  of  one  hundred,  fifty-three
million, nine hundred, thirty-nine  thousand,
four hundred, thirty-six  reais  and  twenty-
nine       centavos       (R$153,939,436.29),
considering that,  after  the  allocation  of
the net profit of the  fiscal  year  December
31, 2006,  the  profit  reserves  exceed  the
capital stock  by  forty-eight  million,  six
Atualizado em 2007-02-28T19:50:57
All the dates of this page are presented in official timezone of Brasilia - Brazil.