TIM PARTICIPAÇÕES S.A.
Publicly Held Company
CNPJ/MF 02.558.115/0001 -21
MINUTES OF THE BOARD OF DIRECTORS' MEETING HELD ON NOVEMBER 4TH, 2008 (in summary version)
DATE, TIME AND PLACE: November 4th, 2008, at 12:45 p.m. hours in the Avenida Giovanni Gronchi, no.7143, 8th Floor, City and State of Sao Paulo.
ATTENDANCE: The Board of Directors of TIM Participações S.A. was gathered at the date, time and place above mentioned, in the presence of all its members, Mr. Gabriele Galateri di Genola, Mr. Carmelo Furci, Mr. Mario Cesar Pereira de Araujo, Mr. Stefano Ciurli, Mr. Josino de Almeida Fonseca, Mr. Isaac Selim Sutton and Mr. Maílson Ferreira da Nóbrega. As provided for in section 29, second paragraph of the Company's By-laws, Mr. Stefano Ciurli participated by conference call. Also attended the meeting Mr. Miguel Roberto Gherrize, Chairman of the Company´s Statutory Audit Committee / Audit Committee and the Secretary of the Board, Ms. Alessandra Catanante.
BOARD: Mr. Gabriele Galateri di Genola - President and Ms. Alessandra Catanante - Secretary.
AGENDA: (1) Relevant notices to the Board of Directors, (2) Management report and financial quarterly information raised in the Company's September 30, 2008, (3) Issues related to the Ibirapuera Auditorium, (4) Set the by-laws subsidiaries of TIM Celular S.A. and TIM Nordeste S.A., (5) Other matters related to the items of the agenda or even general interest of the Company.
RESOLUTIONS: Upon review and discussion of the matters included in the agenda and the related material, the Board Members deliberated by unanimity of votes and with no restrictions: (1) know (i) the activities carried out in the first meeting of the Compensation Committee and the Internal Control and Corporate Governance, and (ii) the presentation by Chief Executive Officer on items of interest to the Board of Directors, (2) approve the management report and the financial quarterly information of the Company lifted on 30 September 2008, which were submitted to a limited review by independent auditors of the Company, Directa Auditores, (3) know items related to the Ibirapuera Auditorium, as archived material at the headquarters of the Company, (4) take note of the proposed wording of the articles 3 and 20 of the Subsidiaries TIM Celular S.A. and TIM Nordeste S.A. by-laws, to be taken for approval in the Subsidiaries Shareholders' Meeting; (5) no other matter has been deliberated by the Board Members. The Board Members authorized the Officers of the Company to practice all acts, and conclude the necessary tools to accomplish the deliberated items above.