Board Meeting - Minute



"Minutes of the Board of Directors' Meeting - Distribution of dividends"
Atualizado em 2007-07-25T17:56:40
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$
   390,579,041.73 - 428,916,966 Registered
         Shares of Common Stock [ON]
   Authorized Capital: up to 13,116,665 ON
                    shares

  MINUTES OF THE BOARD OF DIRECTORS MEETING
            HELD ON JULY 25, 2007

      On July 25, 2007,  at  10:00  a.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  attendance  of  the  majority  of   its
members and under  the  chairmanship  of  Mr.
Pedro Luiz Barreiros Passos, for the  purpose
of, pursuant to  the  provisions  of  article
28,  paragraph  third,   of   the   Company's
Bylaws, examining, discussing and voting  the
Executive     Committee     proposal      for
distribution  of  dividends,   referring   to
months  of  January  to  June,  2007,  to  be
allocated  as  the  legal  dividend  for  the
corporate year to be ended  on  December  31,
2007.

      After the subject being  analyzed,  the
directors approved,  by  unanimous  vote  and
without any reservations, to be  ratified  by
the Annual Shareholders Meeting  designed  to
discuss the financial statements  related  to
the fiscal year to be ended on  December  31,
2007, that:

      1.    On  August  10,  2007,  dividends
referring to months of  January  to  June  of
2007 shall be paid  to  shareholders  in  the
total amount of one hundred and  thirty-eight
Atualizado em 2007-07-25T17:56:40
All the dates of this page are presented in official timezone of Brasilia - Brazil.