OREANDA-NEWS. December 25, 2012. Date, Time and Location: December 13th, 2012 at 10:30 a.m., at the head office of company, at Rua Felipe Camarao no. 500 in Santo Andre (SP). Attendance: The Members of the Company Board of Directors, Messrs. Valmir Marques Camilo, Antonio Gonsalves de Oliveira, Claudio Salgueiro Garcia Munhoz, Joaquim Ferreira Amaro, Maurfcio Franca Rubem and Nelio Henriques Lima. The Board member Mr. Valmir Marques Camilo presided over the meeting, and requested Ms. Elisabeth Baptista Bettini to act as secretary. Agenda: To discuss the resignation of the Company's Chief Executive Officer. Resolution: The Board of Directors accepted the resignation presented by the Company's Chief Executive Officer, Mr. Luiz Antonio de Souza Queiroz Ferraz Junior, who proposed to continue in the position until January 31th, 2013. Closing: That being all, the meeting was closed. The Minutes were then prepared and signed by those present after been read aloud and verified. Santo Andre, December 13th, 2012. (Signatures: Valmir Marques Camilo - Chairman, Antonio Gonsalves de Oliveira, Claudio Salgueiro Garcia Munhoz, Joaquim Ferreira Amaro, Maurfcio Franga Rubem and Nelio Henriques Lima).