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COMPANY REGISTRY (NIRE): 33300011595

1. Date: September 1^st, 2009.

2. Time: 05:00 p.m.

3. Venue: Av. Brigadeiro Faria Lima, nº 3400 – 20º andar.

4. Attendees: Benjamin Steinbruch (Chairman), Jacks Rabinovich, Antonio Francisco dos Santos, Dionísio Dias Carneiro Netto, Fernando Perrone, Yoshiaki Nakano and Claudia Maria Sarti (Secretary). The meeting was held through conference call.

5. Agenda: 5.1 – Election of Executive Officer – The Board of Directors unanimously approved, pursuant to the provisions of article 17, item III of the Bylaws, the election of Mr. ALBERTO MONTEIRO DE QUEIROZ NETTO, Brazilian, married, business administrator, holder of Identity Card (RG) 075 785 80-8 and Individual Taxpayers’ ID (CIC) 843.603.807 -04, with offices at Av. Brigadeiro Faria Lima, 3.400, 20º andar, in the city and state of São Paulo, as Executive Officer, with term of office expiring on April 30, 2011, extended until the investiture of his successor. The Executive Officer elected hereby, as an attendee of the meeting, declares (i) not to be subject to any crime that impedes him from performing commercial activities, and (ii) to be in compliance with the requirements included under article 147 of Law 6,404/76, as amended by Law 10,303/01, and CVM Instruction 367/02. 5.2 – Redefinition of Executive Officers’ attributions – the attributions/areas of activities of the Company’s Executive Officers were defined as follows: (i) Mr. Benjamin Steinbruch as Chief Executive Officer; (ii) Mr. Enéas Garcia Diniz as Executive Officer in charge of the steel production area; (iii) Mr. Juarez Saliba de Avelar as Executive Officer in charge of new business development and the cement area; (iv) Mr. Paulo Penido Pinto Marques as Executive Officer in charge of the following areas: controlling, performance and management, risk control and insurance, acting, also as Investor Relations Officer; (v) Mr. Alberto Monteiro de Queiroz Netto as Executive Officer in charge of the following areas: national and international treasury, foreign exchange, credit and financial operations. Therefore, the Company’s Board of Executive Officers is now constituted as follows: Benjamin Steinbruch – CEO; Enéas Garcia Diniz – Executive Officer; Juarez Saliba de Avelar – Executive Officer, Paulo Penido Pinto Marques - Executive Officer also acting as Investor Relations Officer and Alberto Monteiro de Queiroz Netto – Executive Officer, all of whom with period of office expiring on April 30, 2011, extended until the investiture of their successors.

This is a free translation of the extract of the original minutes filed at the Company’s headquarters.

     Claudia Maria Sarti
Secretary of the Meeting

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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 of future 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.

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