Monteiro Aranha SA : MINUTES OF A MEETING OF THE EXECUTIVE BOARD
November 23, 2012 at 07:52 pm IST
By
Share
MINUTES OF A MEETING OF THE EXECUTIVE BOARD
MONTEIRO ARANHA S.A.
CNPJ 33.102.476/0001-92
Public Listed Company
NIRE 33300108611
MINUTES OF A MEETING OF THE EXECUTIVE BOARD HELD ON WEDNESDAY 19 SEPTEMBER, 2012
At 4 p.m. on Wednesday, September 19, 2012, a meeting was held, at Company headquarters at Ladeira de Nossa Senhora No. 163, Glória, RJ, of all the members of the Executive Board of MONTEIRO ARANHA S.A.. AGILIO LEÃO DE MACEDO FILHO assumed the Chairmanship of the meeting, inviting SÉRGIO ALBERTO MONTEIRO DE CARVALHO to act as Secretary. Having been declared open for business, the Chairman announced that the meeting had been convened for the purpose of deliberating, subject to ratification by vote at a General Shareholders Meeting, on: (i) payment of the balance of the interest-on-equity decided on by the Executive Board of the Company at a meeting on March 29, 2012. The amount of R$ 8,425,943.01 (eight million, four hundred and twenty-five thousand, nine hundred and forty-three reais and one centavo) will be distributed in the ratio of R$ 0.745771001 per share, with income tax retained at source in accordance with the legislation in force, except for those shareholders who are able to prove that they are exempt and immune. The amount distributed in the form of interest-on-equity, net of income tax, will be included as part of the obligatory dividend and, (ii) payment of part of the obligatory dividend referring to the financial year 2011, of R$ 2,843,765.10, to be distributed in ratio of R$ 0.2516985 per share. Having been put to the vote, the motion was unanimously approved, with distribution to be made on October 5, 2012, observing the "Notice to Shareholders" publication procedure, to be published in the press in a timely manner. There being no further business to be discussed, and with no one wishing to add any additional comments, the meeting was declared closed, with these meeting minutes being written up in the record book, duly read and approved, and signed by all those Directors present. Rio de Janeiro, September 19, 2012. AGILIO LEÃO DE MACEDO FILHO, SÉRGIO ALBERTO MONTEIRO DE CARVALHO, CELI ELISABETE JULIA MONTEIRO DE CARVALHO and SÉRGIO FRANCISCO MONTEIRO DE CARVALHO GUIMARÃES.
I hereby certify that this is an authentic copy of the original minutes duly written up in the record book.
Monteiro Aranha SA (MASA) is a Brazil-based holding company engaged in financial, real estate and industrial sectors. Through its subsidiaries, the Company is involved in the management of investment funds; participation in the real estate development; insurance brokerage and administration services; provision of consulting and administration services in the area of real estate investments; development, construction, sale, rental and management of real estate properties; provision of services in the area of telecommunications; distribution of liquefied petroleum gas, fuels and lubricants; production and sale of chemicals; liquid bulk storage; petroleum refining, and forestry, wood supply and production of paper products. As of December 31, 2011, the Company had four subsidiaries: Masa Corretagem de Seguros SC Ltda, Monteiro Aranha Gestao de Investimentos Imobiliarios SA, Timbutuva Empreendimentos Ltda and Oslo Fundo de Investimentos em Quotas de Fundo de Investimento Multimercado.
MONTEIRO ARANHA S.A. 
By 