1. DATE, TIME AND PLACE: 4:30 p.m. on February 29, 2012, at the Company‘s headquarters, located at Avenida Chedid Jafet, 222, Block B, 5th floor, in the City of São Paulo, São Paulo State.
2. ATTENDANCE: All incumbent members.
3. PRESIDING: Mr. Newton Brandão Ferraz Ramos was named chairman of the meeting and Mr. Rui de Souza Oliveira, secretary.
4. AGENDA: Discuss: (i) examination of Management‘s Annual Report and the Company‘s Financial Statements for the year ended December 31, 2011, review of capital budget and the proposed for the allocation of net income for the fiscal year ended December 31, 2011; and (ii) the issuance of an opinion on the examination of the documents mentioned in item (i) above.
5. The permanent members, by unanimous vote and without any restrictions: (i) examined the Management‘s Annual Report and Financial Statements for the year ended December 31, 2011, reviewed the capital budget and the proposed allocation of income for the year ended December 31, 2011; and (ii) based on the examinations performed, and also considering the report of KPMG Auditores Independentes on the Company‘s Financial Statements, issued on February 29, 2012, as well as Supplemental documents presented at this meeting and filed at the Company, expressed themselves favorably regarding these statements, the review of the capital budget and the proposed allocation of net income, which now can be voted by the General Shareholders Meeting.
With no further business to discuss, the meeting was adjourned for the time necessary to draw up these minutes. The meeting was then reconvened, the minutes read, found to be in order, approved and signed by all present.
Sao Paulo, February 29, 2012.
Newton Brandão Ferraz Ramos
Chairman Rui de Souza Oliveira Secretary
Mr. Newton Brandão Ferraz Ramos
Mr. Adalgiso Fragoso de Farias
Mr. José Valdir Pesce
(This sheet is part of the Minutes of the Meeting of the CCR S.A. Fiscal Committee, held on February 29, 2012).