(Commission File No. 1-14862 )

On November 7, 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 Members Newton de Souza and Luiz de Mendonça did not attend the meeting, justifying their absence, and were represented by their respective alternate members, Mônica Bahia Odebrecht and Paulo Oliveira Lacerda de Melo. Chief Executive Officer Carlos Fadigas de Souza Filho and Officers Décio Fabrício Oddone da Costa, Luciano Nitrini Guidolin, Marcela Aparecida Drehmer Andrade, Mauricio Roberto de Carvalho Ferro and Rui Chammas, 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 Proposal for Deliberation (“PD”), a copy of which and related documentation were previously sent for cognizance by the Board Members, as set forth in the Internal Rules and shall remain duly filed at the Company’s headquarters, the following deliberation was approved  by unanimous vote, pursuant to the terms and conditions set out in the respective PD: 1) PD.CA/BAK-17/2012 – Cancellation of Treasury Shares. – (i) express themselves favorably to the cancellation of 411 common shares and 4,399,858 class “A” preferred shares issued by the Company; and (ii) authorize the call notice of Extraordinary General Meeting to deliberate on the proposal of cancellation of the shares mentioned in item (i) above, without any change to the share capital amount, and amendment of article 4 of the Company’s Bylaws, to register the new composition of its share capital delegating to the Chairman of the Board of Directors the definition of the date and time of the Meeting, to be disclosed upon publication of the respective call notice; II) Subjects for Acknowledgement: Presentations were made by the respective persons in charge regarding the matters contained in this item, namely: 1)  Company’s results in the 3^rd Quarter of 2012; 2)  Project Finance of the Petrochemical Project in Mexico; and 3)  Update on investments; 4) Energy Trading Strategy; and 5) Report on the Finance and Investments Committee and Strategy and Communication Committee meetings, held on the date hereof. 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, November 7, 2012. Sgd: Marcelo Bahia Odebrecht – Chairman; Marcella Menezes Fagundes – Secretary; José Carlos Cosenza – Vice-Chairman, Alfredo Lisboa Ribeiro Tellechea, Almir Guilherme Barbassa, Álvaro Fernandes da Cunha Filho, Felipe Montoro Jens, José Alcides Santoro Martins, Mônica Bahia Odebrecht, Paulo Oliveira Lacerda de Melo, Patrick Horbach Fairon and Roberto Zurli Machado.

 

 

BRASKEM S.A.

C.N.P.J No. 42.150.391/0001-70 - NIRE 29300006939

MINUTES OF THE BOARD OF DIRECTORS’ MEETING

 

HELD ON NOVEMBER 7, 2012

 

The above matches the original recorded in the proper book.

Marcella Menezes Fagundes

Secretary

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