Payment of Interests over capital
DATE, TIME AND VENUE: June 20, 2012, at 4:00 AM, at the Company`s headquarters located at Av. Abramo Randon, 770, in Caxias do Sul, RS.
PARTICIPANTS: the majority members of the Board of Directors and members of the Executive Board.
PRESIDING BOARD: Raul Anselmo Randon, Chair, and Alexandre Randon, Secretary.
RESOLUTIONS: According to the Agenda of the Day, known to all, the Board members unanimously decided to approve the credit and payment of interest on payable capital to shareholders for the period from January to June 2012, in accordance with the form and limits established by specific legislation. The amount, to be credited on June 30, 2012, is R$ 14.999.249,05 and all shareholders holding shares representing the capital stock of the Company by the end of this day will be paid the value of R$ 0,06223 per common or preferred share. Such value may be allocated to the dividends for the year 2012, as the next Ordinary General Assembly may deliberate. The payment will begin on July 17, 2012, and shares will be traded ex-entitlement to interest beginning on June 21, 2012. Concerning the withholding tax, the current legal provisions will be followed. The Board members Hugo Eurico Irigoyen Ferreira and Célia Maria Xavier Larichia have sent, in writing, by e-mail, their manifestation of agreement with the decisions contained in these minutes.
CLOSURE: There being no other matters to address, these minutes were drawn up, read, approved and signed by the Board of Directors members.
Caxias do Sul, June 20, 2012.
Raul Anselmo Randon
Ruy Lopes Filho