(Commission File No. 1-14862 )

On April 16, 2012, at 02h00 p.m., at the Company’s offices located at Avenida das Nações Unidas, 8.501, 24º andar, São Paulo/SP, CEP. 05.425-070, a Meeting of the Board of Directors of BRASKEM S.A. was held with the presence of the undersigned Board Members, according to the signatures affixed at the end of these minutes. Board Members Luciano Nitrini Guidolin, Álvaro Fernandes da Cunha Filho and Eduardo Rath Fingerl were absent and the first two Board Members mentioned above were replaced by their respective alternates, Ms. Carla Gouveia Barretto and Felipe Montoro Jens. Chief Executive Officer Carlos Fadigas de Souza Filho, Officers Mauricio Roberto de Carvalho Ferro and Marcela Drehmer, Mr. Marco Antônio Villas Boas and Ms. Marcella Menezes Fagundes were also present. The Chairman of the Board of Directors, Mr. Marcelo Bahia Odebrecht, presided the meeting and Ms. Marcella Menezes Fagundes acted as secretary. AGENDA:  I) Subjects for deliberation: After due analysis of the Proposals for Deliberation (“PDs”), the copies of which and related documentation were previously forwarded to the Board Members for cognizance, as provided for in its Internal Regulations, and shall remain duly filed at the Company’s headquarters, the following deliberations were approved  by unanimous vote, under the terms and conditions of the respective PDs: 1) PD.CA/BAK- 05/2012 – Issue of Debt Securities in the international Capital Market by a wholly-owned subsidiary of the Company, with a guarantee provided by the Company, wherein the Executive Office shall be authorized to perform the acts required for the full implementation of this deliberation. 2) PD.CA/BAK- 06/2012 – Contracting of PriceWaterhouseCoopers as an Independent Accounting Firm for the year of 2012, wherein the Executive Office shall be authorized to perform the acts required for the full implementation of this deliberation. II) Subjects for Acknowledgement: Nothing to register. 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 attending Board Members, by the Chairman and by the Secretary of the Meeting. São Paulo, April 16, 2012. Sgd.: Marcelo Bahia Odebrecht – Chairman; Marcella Menezes Fagundes – Secretary; Paulo Roberto Costa – Vice-Chairman; Alfredo Lisboa Ribeiro Tellechea; Almir Guilherme Barbassa; Felipe Montoro Jens; Newton Sergio de Souza, Francisco Pais; Carla Gouveia Barretto; Arão Dias Tisser and José de Freitas Mascarenhas.

The above matches the original recorded in the proper book.

Marcella Menezes Fagundes

Secretary

This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates offuture economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.