Plan for the granting of call option


Atualizado em 2008-04-23T17:40:17
All the dates of this page are presented in official timezone of Brasilia - Brazil.

File Text

   PLAN FOR THE GRANTING OF CALL OPTION OR
 SUBSCRIPTION OF SHARES OF NATURA COSMÉTICOS
                     S.A.
              2008 CALENDAR YEAR

INTRODUCTION

This present instrument was prepared  with  a
view to formalizing the  Plan  for  2008  for
the granting of call option  or  subscription
of common shares of NATURA  COSMÉTICOS  S.A.,
hereinafter simply referred to as "Company".

The Plan is  fully  in  compliance  with  the
Program for the Granting of  Call  Option  or
Subscription   of    Shares    approved    by
Extraordinary General Meeting held  on  March
29, 2005.

By  means   of   this   present   Plan,   the
Participants may  acquire  or  subscribe  the
Company's common shares, under the terms  and
prices set forth herein,  provided  that  all
the conditions of such Plan and  Program  are
observed.

             PLAN BASIC STRUCTURE

I - Granting and exercise of options

The management and employees elected  by  the
Company's Board of Directors, as well as  the
administrators   and   employees   of   other
companies  under  its  direct   or   indirect
control are deemed as  Participants  of  2008
Plan   and   those   signing   the    Private
Instrument for the Granting  of  Call  Option
or   Subscription    of    Shares    ("Option
Agreement").

The  list  of  2008  Plan  Participants   and
respective quantities of options  granted  by
the Company are mentioned in the Exhibit  II,
which is an integral and inseparable part  of
this present Plan.

2008  Plan  Participants   shall   sign   and
deliver to the Company the respective  Option
Agreements  until  July  31,  2008,   against
Atualizado em 2008-04-23T17:40:17
All the dates of this page are presented in official timezone of Brasilia - Brazil.