Payment of Interest on Capital Payable
DATE, TIME AND VENUE: December 5, 2011, at 4:30 PM, at the Company`s headquarters at Abramo Randon Avenue, 770, Caxias do Sul, RS.
PARTICIPANTS: All members of the Board of Directors.
PRESIDING BOARD: Raul Anselmo Randon, Chair, and Alexandre Randon, Secretary.
RESOLUTIONS: According to the Agenda of the Day, known to all, the Board members have unanimously decided to approve the credit and payment of interest on capital payable to shareholders pursuant to the form and limits established by specific legislation. The amount to be credited on December 31, 2011 is R$ 31.808.627,62 and all shareholders holding shares of the company‘s capital by the end of today will be paid the value of R$ 0,13197 per common or preferred share. Such value may be attributed to dividends for 2011 financial year, as to be decided at the next General Assembly. Payment will begin start January 24, 2012 and the shares will be traded ex-right to interest beginning on December 6, 2011. Concerning withholding income tax, current legal provisions will be followed.
CLOSURE: There being no other matters to address, these minutes were drawn up, red, approved and signed by the Board members present at the Meeting. Caxias do Sul, December 5, 2011.
Raul Anselmo Randon
Ruy Lopes Filho
Hugo Eurico Irigoyen Ferreira
Célia Maria Xavier Larichia