Board Meeting - Minute


Atualizado em 2007-02-28T19:48:36
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  3:00
p.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 the attendance of  all  of  its
members and under  the  chairmanship  of  Mr.
Guilherme Peirão Leal, for  the  purposes  of
examining,   discussing   and   voting    the
proposal of global  compensation  of  members
of  the  Board  of  Directors  and  Board  of
Executive  Officers  of  the  Company  to  be
submitted  for   the   examination   of   the
Company's shareholders at the Annual  General
Meeting to be held on April 2, 2007.

            After analyzing the  matter,  the
board members  approved,  by  unanimous  vote
and without any reservations, the  submission
of the proposal for the  examination  of  the
Company's shareholders at the Annual  General
Meeting to be  held  on  April  2,  2007,  of
global compensation of members of  the  Board
of Directors and Board of Executive  Officers
of  the  Company,  in  the  total  amount  of
thirteen million reais  (R$13,000,000.00)  to
be paid as from the date of its  approval  by
shareholders  at  referred   Annual   General
Meeting to be held on April  2,  2007,  until
Atualizado em 2007-02-28T19:48:36
All the dates of this page are presented in official timezone of Brasilia - Brazil.