Board Meeting - Minute


Atualizado em 2007-02-28T19:48:02
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  04:00  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 purpose of, pursuant  to
 article 15 of Instruction  #358,  issued  by
the   Brazilian   Securities   and   Exchange
Commission  on  January  3,  2002,   and   to
article 20, subsection  I  of  the  Company's
Bylaws, examining, discussing and voting  the
amendment to  the  Policy  for  Trading  with
Securities  Issued   by   the   Company   and
respective internal norms.

      After analyzing the matter,  the  board
members  approved,  by  unanimous  vote   and
without any reservations,  the  amendment  to
the  Policy  for  Trading   with   Securities
Issued by the Company, approved by the  Board
of Directors at a meeting held on  April  26,
2004, to provide for that the prohibition  to
the trading with  securities  issued  by  the
Company  or  derivatives  related   to   them
during  the  course  of   the   purchase   or
disposal operation of shares  issued  by  the
Company,    its     controlled     companies,
Atualizado em 2007-02-28T19:48:02
All the dates of this page are presented in official timezone of Brasilia - Brazil.