(Commission File No. 1-14862 )

On August 3, 2016, at 12:00 p.m., at the Company’s office located at Rua Lemos de Monteiro, n° 120, 15º andar, São Paulo/SP, CEP 05501-050, an Ordinary Meeting of the Board of Directors of BRASKEM S.A. was held with the presence of the undersigned Board Members, as per the signatures placed at the end of these minutes. Chief Executive Officer Fernando Musa, and officers Gustavo Valverde, Pedro Freitas, Marcelo Cerqueira, Luciano Guidolin, as well as Mr. Guilherme Furtado and the attorney retained by the Ad Hoc Committee, Mr. Luis Wielewicki were present. The Chairman of the Board of Directors, Mr. Newton Sergio de Souza, presided over the meeting, and Mrs. Marcella Menezes Fagundes acted as secretary. AGENDA: I) Subject for deliberation: Managers’ Compensation: After hearing the People and Organization Committee, the allocation of the Compensation of the Board Members was rectified as per the annual values approved by the Annual and Extraordinary General Meeting held on April 6, 2016. II) Subjects for Acknowledgment: presentations/reports were given by the respective individuals responsible for the following matters: a) Braskem’s results of the 2^nd quarter of 2016; b) Update on Compliance improvements; c) Update on the Internal Investigation (“View Project”); and d) Changes in the CA Support Committees which is now composed as per a document submitted and initialed by the Board Members. Due to the recent creation of the Compliance Committee, one of its functions being the execution of investigations, the Board Members approved the extinction of the Ad Hoc Committee. According to the work plan and assignments to be defined until the next meeting of the Board of Directors, the functions of the Ad Hoc Committee shall be transferred to the Compliance Committee. III) 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. São Paulo, August 3, 2016. Signed: Newton Sergio de Souza – Chairman; Marcella Menezes Fagundes – Secretary; Alfredo Lisboa Ribeiro Tellechea; Álvaro Fernandes da Cunha Filho; Antonio Britto Filho; Daniel Bezerra Villar; Edson Chil Nobre; Ernani Filgueiras de Carvalho; Fernando Reis Vianna Filho; João Carlos Trigo de Loureiro; João Cox Neto and Luiz de Mendonça.

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.