On September 11, 2008, at 4:00 PM, at the company`s headquarters located on Abramo Randon Avenue, 770, in the city of Caxias do Sul, State of Rio Grande do Sul, the members of the Board of Directors gathered to discuss the establishing a a subsidiary company. Under the presidency of Raul Anselmo Randon, and David Abramo Randon as the secretary of the meeting, the Board members analysed the project referred to them by the company`s executive board, and pursuant item “n” of Article 21 of the Company`s Bylaws, the members unanimously authorized the members of the Executive Board to take all the necessary measures to create a business unit in France, in Blue Provenza Alps Coast , at an address to be determined. The subsidiary will have commercial operations and intends to intensify the activities of Randon Companies in northern Africa, especially in the region of Magrebe and adjacent countries, in continuation of the company`s globalization process. At the end of the meeting, the minutes were read, approved, and signed by the Board members. Caxias do Sul, September 11, 2008.