CCR S.A.
Corporate Taxpayer’s ID (CNPJ/MF) 02.846.056/0001-97
Company Registry (NIRE) 35300158334

1. DATE, TIME AND VENUE: On September 11, 2013, at 10:30 a.m., at the head offices of CCR S.A. (“Company”), located in the City and State of São Paulo, at Avenida Chedid Jafet, nº 222, Bloco B, 5º andar, CEP 04551-065.

2. CALL NOTICE AND ATTENDANCE: All members of the Board of Directors attended the meeting, reason that the call notice for this meeting was exempted, pursuant to Paragraph 2, Article 13 of the Company’s Bylaws.

3. PRESIDING BOARD: Mr. Eduardo Borges de Andrade chaired the Meeting and Mr. Marcus Rodrigo de Senna served as secretary.

4. AGENDA: (a) To resolve on the Company’s tendering of personal aval guarantee to fully ensure the compliance with all the obligations to be assumed by its subsidiary, Companhia de Participações em Concessões (“CPC”) within the scope of the issue by CPC of ten (10) promissory notes, at the unit face value of twenty million reais (R$20,000,000.00), summing up two hundred million reais (R$200,000,000.00) (“Promissory Notes”), for tender offer with restricted placement efforts, pursuant to Rule n.º 476 of the Brazilian Securities and Exchange Commission (“CVM”) of January 16, 2009, as amended, CVM Rule nº 134 of November 1, 1990, as amended and CVM Rule nº 155 of August 7, 1991, as amended, whose issue was approved by CPC’s Board of Directors at a meeting held on this date; and (b) authorization to the Company’s officers take all the measures necessary to tender referred aval guarantee.

5. RESOLUTIONS: The Board members, by unanimous vote and without abstentions:

(a) Approved, pursuant to items (xv) and (xvi), Article 14 of the Company’s Bylaws, the Company’s tendering of aval guarantee in order to fully ensure the compliance with all the obligations assumed by CPC within the scope of the Issue of Promissory Notes; and

(b) In view of the aforementioned resolution, the Board members also by unanimous vote and without abstentions, authorized the Company’s officers to practice the acts necessary to make effective the resolutions mentioned herein, and may also negotiate and execute all the instruments related to the tendering of the aforementioned aval guarantee, including amendments, especially the signature of the Promissory Notes to formalize the aval guarantee approved herein.

6. CLOSURE, DRAWING UP AND READING OF THE MINUTES: There being no further business to discuss, the minutes were drawn up, approved and signed by all members of the Board of Directors. São Paulo, September 11, 2013. Mr. Eduardo Borges de Andrade, Chairman of the Meeting and Mr. Marcus Rodrigo de Senna, as secretary. Board members: (1) EDUARDO BORGES DE ANDRADE; (2) FRANCISCO CAPRINO NETO; (3) ANA MARIA MARCONDES PENIDO SANT’ANNA; (4) LUIZ CARLOS VIEIRA DA SILVA; (5) FERNANDO AUGUSTO CAMARGO DE ARRUDA BOTELHO; (6) HENRIQUE SUTTON DE SOUSA NEVES; (7) LUIZ ALBERTO COLONNA ROSMAN; (8) LUIZ ANÍBAL DE LIMA FERNANDES; (9) LUIZ ROBERTO ORTIZ NASCIMENTO; (10) PAULO ROBERTO RECKZIEGEL GUEDES; (11) RICARDO COUTINHO DE SENA.

This is a free English translation of the original minutes drawn up in the Company’s records on pages 05, 06 and 07.

Mr. Marcus Rodrigo de Senna
Secretary