TIM PARTICIPAÇÕES S.A.
MINUTES OF THE BOARD OF DIRECTORS' MEETING HELD ON AUGUST 3RD, 2009
DATE, TIME AND PLACE: On August 3rd, 2009, at 11:30 am, in the Meeting Hall of the Board of Directors, located at Avenida das Américas, No. 3434, 1st Block, 6th floor, Barra da Tijuca, in the City and State of Rio de Janeiro.
ATTENDANCE: The Board of Directors of TIM Participações S.A. ("Company") was gathered at the date, time and place above mentioned in the presence of Messrs. Mario Cesar Pereira de Araujo, Luca Luciani, Carmelo Furci, Manoel Horácio Francisco da Silva and Andrea Sandro Calabi, members of the Board of Directors. Pursuant to the provided for in the Section 29, paragraph 2nd of the Company's By-Laws, Messrs. Gabriele Galateri di Genola, Oscar Cicchetti, Stefano de Angelis and Maílson Ferreira da Nóbrega attended the meeting by means of conference call. Also attended the meeting Messrs. Miguel Roberto Gherrize, Chairman of the Statutory Audit Committee, Claudio Zezza, Chief Financial and Investor Relations Officer, Carlo de Martino, Chief External Relations Officer, Rogerio Takayanagi, Chief Marketing Officer, and Alessandra Catanante, General Secretary of the Board of Directors, as well as the representative of the independent auditors of the Company, Ernst & Young Auditores Independentes S.S. ("Ernst & Young").
BOARD: Mr. Mario Cesar Pereira de Araujo – Chairman; and Mrs. Alessandra Catanante – Secretary.
AGENDA: (1) Resolve on the quarterly information ("ITR") of the Company dated as of June 30th, 2009; (2) Resolve on the execution, by TIM Celular S.A. and TIM Nordeste S.A. ("Controlled Companies"), with the Company as guarantor, of the "Programa Especial de Crédito", offered by the Banco Nacional de Desenvolvimento Econômico e Social - BNDES; (3) Acknowledge the projects related to the Instituto Auditório Ibirapuera; and (4) Other matters related to the items of the agenda or even of general interest to this Company.
RESOLUTIONS: Upon review and discussion of the matters included in the Agenda and the related material, which shall be duly filed in the Company's headquarters, the Board Members resolved, by unanimous vote and with no restrictions: (1) Approve, based on the information rendered by the Company, the Statutory Audit Committee and the independent auditors, the quarterly information ("ITR") of the Company dated as of June 30th, 2009, which was subject to a limited revision by the independent auditors of the Company, Ernst & Young; (2) Approve the execution, by the Controlled Companies, with the Company as guarantor, of the "Programa Especial de Crédito", offered by the BNDES, in the total amount of up to R$ 200,000,000.00 (two hundred million Reais) for each Controlled Company, pursuant to the presented material. In this sense, the Officers are hereby authorized to take all the measures and execute all the documents deemed necessary for the execution approved herein; (3) Upon presentation held by Mr. Takayanagi, regarding the projects related to the Instituto Auditório Ibirapuera, the Board Members declared to be content with the information presented; and (4) No other matter was resolved by the attending Board Members.
CLOSING: With no further issues to discuss, the meeting was adjourned and these minutes drafted as summary, read, approved and signed by all the Board Members. Directors: Messrs. Mario Cesar Pereira de Araujo, Luca Luciani, Gabriele Galateri di Genola, Carmelo Furci, Maílson Ferreira da Nóbrega, Oscar Cicchetti, Stefano de Angelis, Manoel Horácio Francisco da Silva and Andrea Sandro Calabi.
I herein certify that these minutes are the faithful copy of the original version duly recorded in the respective book.
Rio de Janeiro (RJ), August 3rd, 2009.