DATE, TIME AND PLACE:
August 6th, 2008, 14:00hs, at the City and State of Rio de Janeiro.
The Board of Directors of TIM Participações S.A. ("Company") met at the place, time and date above mentioned in the presence of the following acting members, messrs. Giorgio della Seta Ferrari Corbelli Greco, Mario Cesar Pereira de Araújo, Josino de Almeida Fonseca and Sheila Periard da Silva, as an alternate for Isaac Selim Sutton. Stefano Ciurli attended the meeting by means of conference call, as provided for in section 29, § 2nd, of the Company's By-Laws. Mr. Maílson Ferreira da Nóbrega, due to a justified absence, is represented by the Chairman of the Board of Directors by proxy, whose original version was filed with the Company's head office. Also attended the meeting, Mr, Miguel Roberto Guerrize, President of the Company's Statutory Audit Committee, Mr. Francesco Saverio Locati (General Officer), Mr. Gianandrea Castelli Rivolta (Financial and Investor Relations Officer), Mr. Marco Chiarucci (Finance Manager), Mrs. Katia Nozela (Financial Department) and Mrs Lara Ribeiro Piau Marques (Legal Officer).
Mr. Giorgio della Seta Ferrari Corbelli Greco – Chairman; and Mrs. Alessandra Catanante – Secretary.
Communicate the resignation received of a member of the Board of Directors and his alternate, as well as another alternate member resignation and appointment of their replacements until the next shareholders' meeting; (2)
examine, discuss and approve the quarterly report of June 30th, 2008; (3)
examine, discuss and approve the details of the financing agreement, as established in the last Board of Directors' meeting held on May 26th 2008 between the European Investment Bank ("EIB") and the Companies controlled by TIM Participações S.A., given the moment foreseen for the disbursement; (4)
Communicate the resignation received from Company's Officer and appoint his replacement; and (5)
Other matters related to the subject matter discussed in this meeting of interest to this Company.
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