(Commission File No. 1-14862 )

On November 29, 2010, at 10:00 a.m., at the Company’s offices located at Avenida das Nações Unidas, n° 8.501, 24º andar, São Paulo/SP, CEP 05425-070, a Meeting of the Board of Directors of BRASKEM S.A. was held with the presence of the undersigned Board Members. Board Members Almir Guilherme Barbassa and Eduardo Rath Fingerl were not present at the meeting and justified their absence. Board Members José de Freitas Mascarenhas and Paulo Henyan Yue Cesena, who were replaced by their respective alternates, José Carlos Grubisich Filho and Carla Barretto, were not present either and justified their absence. The Company’s Chief Executive Officer, Bernardo Gradin, and Officers Mauricio Ferro, Manoel Carnaúba and Décio Oddone were present at the meeting. Mr. Ismael de Abreu, member of the Company’s Fiscal Council, Mr. Guilherme Augusto Furtado, representative of the Corporate Governance department, and Mrs. Marcella Menezes Fagundes were also present. The Chairman of the Board of Directors, Mr. Marcelo Odebrecht, presided the meeting and Mrs. Marcella Menezes Fagundes acted as secretary. AGENDA: I) Subjects for deliberation: After due analysis of the Proposals for Deliberation (“PD”), copies and related documentation of which were previously sent to the Board Members for their acknowledgment, as provided for in the Internal Regulations, and will remain duly filed at the Company’s headquarters, the following deliberations were unanimously taken, and the Executive Office is authorized to perform the acts necessary for the full implementation thereof: 1) PD.CA/BAK – 36/2010 – Extension of the term of effectiveness of the Alliance Agreement for Stoppages Management, Expansion and Maintenance of Existing Units entered into with CNO on February 16, 2007 (“Alliance Agreement”) – approval of the execution of an addendum to the Alliance Agreement to extend the term of effectiveness for a further three (3) years, pursuant to the terms and conditions set out in the respective PD; 2) PD.CA/BAK – 37/2010 – Investment Policy of Braskem S.A. – approval of the Investment Policy of Braskem S.A., pursuant to the terms and conditions set out in the respective PD; 3) PD.CA/BAK – 38/2010 – Rectification and ratification of PD.CA/BAK 28/2010, which provides for the issuance of Debt Securities in the European Capital Market (“Notes”) by Braskem Finance Limited, with guarantee from Braskem S/A – approval of the issue of Notes pursuant to the term and conditions set out in PD.CA/BAK 28/2010, as amended by this PD; 4) PD.CA/BAK – 39/2010 – Merger of Companhia Alagoas Industrial – CINAL (“Cinal”) into Braskem S.A. – authorization to call an Extraordinary General Meeting to be held at such date and time as shall be properly defined and informed upon publication in the respective Call Notice pursuant to law, in order to resolve on the proposal of merger of Cinal into the

São Paulo/SP – Av. das Nações Unidas, 8501, 23, 24, e parte do 25 andares, Alto de Pinheiros, CEP. 05425-070 – Tel. (11) 3576-9999 – Fax (11) 3576-9197

Company, pursuant to the terms and conditions set out in the respective PD, and other relevant matters indicated in the Call Notice; II) Subjects for Acknowledgement: The persons in charge expounded the matters set out in this item of the agenda, namely: a) Presentation of Braskem’s October, 2010 Results; b) Report from the Coordinator of the Strategy and Communication Committee: meeting of November 22, 2010; and c) Report from the Coordinator of the Finance and Investment Committee: meeting of November 22, 2010; III) Subjects of Interest to the Company: Nothing to register. IV) Adjournment: As there were no further subjects to be discussed, these minutes were drawn up, which, after read, discussed and found to be in order, are signed by all the Board Members present at the Meeting, by the Chairman and by the Secretary of the Meeting. São Paulo/SP, November 29, 2010. [Sgd.: Marcelo Bahia Odebrecht – Chairman; Marcella Menezes Fagundes – Secretary; Paulo Roberto Costa – Vice-Chairman; Alfredo Lisboa Tellechea; Álvaro Fernandes da Cunha Filho; Carla Gouveia Barreto; José Carlos Grubisich Filho; Francisco Pais; Maria das Graças Silva Foster and Newton Sergio de Souza].

The above matches the original recorded in the proper book.

Marcella Menezes Fagundes

 

 
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São Paulo/SP – Av. das Nações Unidas, 8501, 23, 24, e parte do 25 andares, Alto de Pinheiros, CEP. 05425-070 – Tel. (11) 3576-9999 – Fax (11) 3576-9197

 

 

 

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