Board Meeting - Minute


Atualizado em 2007-02-28T19:44:58
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  5:30
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, with the purposes  of,
pursuant to paragraph XXIV of Article  20  of
the Company's Bylaws,  examining,  discussing
and voting  about  the  contracting  of  loan
with BNDES - National Bank for  Economic  and
Social  Development,  as  well  as  the  bank
guarantee of the referred loan agreement.

            After analyzing the  matter,  the
Board members  approved,  by  unanimous  vote
and without any reservations:

            (a) the Company's contracting  of
loan with BNDES - National Bank for  Economic
and Social Development in  the  total  amount
of   up   to   thirty-one    million    reais
(R$31,000,000.00).   Said   funds   will   be
earmarked   to   the   distribution   centers
located in the city of Matias Barbosa,  state
of Minas Gerais and the city of Jaboatão  dos
Guararapes, state of Pernambuco, as  well  as
to the administrative  qualification  of  the
Company's headquarters and

Atualizado em 2007-02-28T19:44:58
All the dates of this page are presented in official timezone of Brasilia - Brazil.