Proposal to exclude paragraphs two and three of Article 2 of the Company’s Bylaws


Atualizado em 2008-02-27T19:05:47
All the dates of this page are presented in official timezone of Brasilia - Brazil.

File Text

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  4:00
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.
Pedro  Luiz   Barreiros   Passos,   for   the
purposes of examining, discussing and  voting
the proposal to exclude  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  March  31,  2008,  related  to  the
addresses of the Company's branches.

           The Board  Members  approved,  by
unanimous vote and without any  reservations,
the following proposal to exclude  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  March  31,   2008,
related to the  addresses  of  the  Company's
branches:

           "Board of Directors' Proposal

           Dear Shareholders,

Atualizado em 2008-02-27T19:05:47
All the dates of this page are presented in official timezone of Brasilia - Brazil.