(Commission File No. 1-14862 )

On January 27, 2017, at 09:30 a.m., at Av. Eng. Luiz Carlos Berrini, 853, 2º andar, São Paulo/SP, CEP 05501-050, an Extraordinary 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. Board Members Daniel Bezerra Villar, Luiz de Mendonça and Edson Chil Nobre, as well as their respective alternates, were absent for cause. Chief Executive Officer Fernando Musa, and officers Gustavo Valverde, Pedro Freitas and Marcelo Cerqueira, and also Mr. Everson Zaczuk and Mr. Guilherme Furtado were present. The Chairman of the Board of Directors, Mr. Newton Sergio de Souza, presided over the meeting, and Mrs. Alessandra Araripe acted as secretary. AGENDA: I) Subject for deliberation: After due analysis of the Proposal for Deliberation (“PD”), copy and related documentation of which were sent in advance for knowledge of the Board Members, pursuant to the Internal Regulations thereof, and shall remain duly filed at the Company’s headquarters, the following deliberations were unanimously approved by the attendees, abstaining from voting resolution 1 only Board Member Newton de Souza, regarding which he declared to be impeded: 1) PD.CA/BAK-05/2017 - Purchase of 63.7% of the Cetrel S.A. quotas by Braskem, with the Executive Office being authorized to execute any acts required for the full implementation of this deliberation, under the terms and conditions of the respective PD; 2) Program of the Conformity Committee of Braskem 2017 – approved, with adjustments and comments made by the Board Members; and 3) Call for the Extraordinary General Meeting - the call for the Extraordinary General Meeting was  authorized, to be held on a date and time to be later defined and informed through the publication of the respective Call Notice pursuant to the law, to resolve on: a) replacement of members of the Board of Directors of the Company; and b) approval of the acquisition transaction of 63.7% of the shares of Cetrel S.A. by the Company pursuant to Article

256 of the Brazilian Corporation Law (“LSA”). II) Subjects for Acknowledgement: presentations/reports were made on the impacts of the execution of agreements with the competent authorities in Brazil, USA and Switzerland; and b) meetings of the Finance and Investment Committee and of the Conformity Committee held on January 16, 2017 and January 20, 2017, respectively. III) Subjects of Interest to the Company: Nothing to register. IV) Adjournment: As there were no further matters 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, January 27, 2017. Signed: Newton Sergio de Souza – Chairman; Alessandra Ordunha Araripe – Secretary; Alfredo Lisboa Ribeiro Tellechea; Álvaro Fernandes da Cunha Filho; Antonio Britto Filho; Ernani Filgueiras de Carvalho; Fernando Reis Vianna Filho; João Cox Neto and João Carlos Trigo de Loureiro.

The above matches the original recorded in the proper book.

Alessandra Ordunha Araripe

SIGNATURES

        Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.