Board Meeting - Minute


Atualizado em 2007-02-28T19:46:04
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  5:00
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 to amend the wording  of  paragraphs
two and three of Article 2 of  the  Company's
Bylaws, to  be  forwarded  for  shareholders'
resolution  at  the   Extraordinary   General
Meeting to be  held  on  April  2,  2007,  in
order to consolidate the  amendments  derived
from  the   Board   of   Executive   Officers
Meetings held on  March  30,  2006,  June  9,
2006, July 20,  2006,  August  15,  2006  and
August 30, 2006.

           The Board  Members  approved,  by
unanimous vote and without any  reservations,
the following proposal to amend  the  wording
of paragraphs two and three of article  2  of
the Company's  Bylaws  to  be  forwarded  for
shareholders'     resolution      at      the
Extraordinary General Meeting to be  held  on
April 2, 2007, in view of:

           (a)    the    opening    of     a
Atualizado em 2007-02-28T19:46:04
All the dates of this page are presented in official timezone of Brasilia - Brazil.