Board Meeting - Minute


Atualizado em 2007-04-25T18:37:39
All the dates of this page are presented in official timezone of Brasilia - Brazil.

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NATURA COSMÉTICOS S.A.

        (CNPJ/MF) # 71.673.990/0001-77
     Publicly-held Company       (NIRE) #
                35.300.143.183

       Subscribed and Paid-up Capital:
 R$387,873,345.81 - 428,216,127 common shares
 Authorized Capital: up to 13,116,665 common
                    shares

  MINUTES OF THE BOARD OF DIRECTORS' MEETING
            HELD ON APRIL 25, 2007

           On April 25, 2007, at  15:00  am,
at the headquarters located in  the  city  of
Itapecerica da Serra, State of São Paulo,  at
Rodovia Régis  Bittencourt,  s/n.º,  Km  293,
Edifício I, with the attendance  of  all  its
members and under  the  Chairmanship  of  Mr.
Pedro Luiz Barreiros  Passos,  the  Board  of
Directors of NATURA COSMÉTICOS  S.A.  held  a
meeting with  the  purpose  of,  pursuant  to
Article 6, paragraph 3, and  to  Article  20,
item   XVIII   of   the   Company's   Bylaws,
examining,  discussing  and  voting  on   the
granting of call options or  subscription  of
the Company's  shares  to  its  managers  and
employees,  as  well  as  to   managers   and
employees   of    companies    directly    or
indirectly controlled thereby.

            After examining the  matter,  the
Board members  approved,  by  unanimous  vote
and without any  reservation,  to  grant  one
million,  two  hundred,   seventy   thousand,
eight  hundred  and  ninety  six  (1.270.896)
call   options   or   subscription   of   the
Company's  shares   to   its   managers   and
employees,  as  well  as  to   managers   and
employees   of    companies    directly    or
indirectly controlled thereby,  according  to
the Plan for the Granting of Call  Option  or
Subscription of Common Shares Issued  by  the
Company -  Year  2007,  which  comprises  the
Atualizado em 2007-04-25T18:37:39
All the dates of this page are presented in official timezone of Brasilia - Brazil.