(Commission File No. 1-14862 )

On May 9, 2012, at 12:00 p.m., at the Company’s offices located at Avenida das Nações Unidas, 8501, 24º andar, São Paulo/SP, CEP. 05.425-070, a Meeting of the Board of Directors of BRASKEM S.A. (“Company”) was held with the presence of the undersigned Board Members. Board Member Paulo Roberto Costa was absent from the meeting, by just cause, and was substituted by his respective alternate, Antônio Aparecida de Oliveira. Chief Executive Officer Carlos Fadigas de Souza Filho, Officers Mauricio Roberto de Carvalho Ferro, Marcela Drehmer and Décio Oddone da Costa, Mr. Luciano Nitrini Guidolin, Mr. Rui Chammas, Mr. Roberto Bischoff, Mr. Guilherme Furtado, Ms. Leticia de Faria Lima and Maria Alice Cavalcanti, the chairman of the Company’s Fiscal Board, were also present. The Chairman of the Board of Directors, Marcelo Bahia Odebrecht, presided the meeting and Leticia de Faria Lima 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- 10/2012 – Alteration to the Composition of Permanent Support Committees to the Company’s Board of Directors; and 2) Individualization of Managers’ Compensation, pursuant (i) to the annual amounts approved by the Annual General Meeting of the Company held on April 27, 2012; and (ii) the proposal to the Personnel and Organization Committee included in the minutes of the meeting of said Committee held on May 9, 2012. II) Subjects for Acknowledgement: Presentations and reports were made, as applicable, by the respective individuals responsible for the subjects listed in this item, namely: 1)  Braskem Results – 1^st Quarter of 2012; 2)  Strategy for the PE businesses; 3)  Strategy for the Company’s electric energy supply; 4)  Meeting of the Finance and Investments Committee held on May 9, 2012; and 5)  Meeting of the Personnel and Organization Committee held on May 9, 2012. At that time, the members of the Board of Directors registered their vote of thanks to Maria das Graças Silva Foster and Eduardo Rath Fingerl for their dedication and relevant contributions to the Company during their term of office. 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, May 9, 2012. Sgd.: Marcelo Bahia Odebrecht – Chairman; Leticia de Faria Lima – Secretary; Antônio Aparecida de Oliveira; Alfredo Lisboa Ribeiro Tellechea; Almir Guilherme Barbassa; Felipe Montoro Jens; Newton Sergio de Souza, Francisco Pais; Álvaro Fernandes da Cunha Filho; Luiz de Mendonça; Roberto Zurli Machado; and José Alcides Santoro Martins.

The above matches the original recorded in the proper book.

LETICIA DE FARIA LIMA

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.