Amend the wording of article 5 and caput of article 6 of the Company’s Bylaws


Atualizado em 2008-02-27T19:11:32
All the dates of this page are presented in official timezone of Brasilia - Brazil.

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NATURA COSMÉTICOS S.A.

|Corporate      |Publicly-h|Company's   |
|Taxpayer's ID  |eld       |Register    |
|(CNPJ/MF)      |Company   |(NIRE)      |
|71.673.990/0001|          |35.300.143.1|
|-77            |          |83          |

    Capital Subscribed to and Paid-in: R$
    390,617,976.28- 428,929,051 Registered
         Shares of Common Stock [ON]
   Authorized Capital: up to 13,116,665 ON
                    shares

  MINUTES OF THE BOARD OF DIRECTORS MEETING
          HELD ON FEBRUARY 27, 2008

           On February 27,  2008,  at  12:00
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 the attendance of  all  of  its
members and under  the  chairmanship  of  Mr.
Pedro  Luiz   Barreiros   Passos,   for   the
purposes   of   examining,   discussing   and
voting, pursuant to clause XIV of article  20
of the Company's Bylaws and  the  Minutes  of
the  Company's  Board  of  Directors  Meeting
held on February 21, 2006 at  1:30  p.m.  and
February 28, 2007 at 4:30 p.m., the  proposal
to amend the wording of article 5  and  caput
of article 6 of the Company's Bylaws  related
to,   respectively,   the   amount   of   the
Company's  capital  stock  and  quantity   of
shares subscribed and paid, and the limit  of
authorized   capital,   deriving   from   the
exercise   of   call   options    or    share
subscription,  during  2007,   by   Company's
management  and  employees,  as  well  as  by
management  and   employees   of   subsidiary
companies, directly or indirectly  controlled
by the Company, participants of the  Addendum
Atualizado em 2008-02-27T19:11:32
All the dates of this page are presented in official timezone of Brasilia - Brazil.