TIM PARTICIPAÇÕES S.A.
CNPJ/MF 02.558.115/0001 -21
MINUTES OF THE BOARD OF DIRECTORS' MEETING HELD ON SEPTEMBER 17TH, 2009
DATE, TIME AND PLACE: On September 17th, 2009, at 13h30m, in the Meeting Hall of the Board of Directors, located at Avenida das Américas, No. 3.434, 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 by means of conference call, pursuant to the provided for in the Section 29, paragraph 2nd of the Company's By-Laws, with the attendance of Messrs. Mario Cesar Pereira de Araujo, Gabriele Galateri di Genola, Luca Luciani, Carmelo Furci, Stefano de Angelis, Manoel Horácio Francisco da Silva, Andrea Sandro Calabi and Lorenzo Canu, the last one as alternate of Mr. Maílson Ferreira da Nóbrega. Messrs. Oscar Cicchetti and Maílson Ferreira da Nóbrega have justified their absences. Also attended the meeting, as guests, Messrs. Claudio Zezza, Chief Financial and Investor Relations Officer of the Company, and Fernando Vieira Loureiro, lawyer of the Company.
BOARD: Mr. Mario Cesar Pereira de Araujo – Chairman; and Mr. Fernando Vieira Loureiro – Secretary.
AGENDA: (1) Re-ratification of the approval of the execution, by TIM Celular S.A. and TIM Nordeste S.A. ("Controlled Companies"), of the "Programa Especial de Crédito", offered by the Banco Nacional de Desenvolvimento Econômico e Social – BNDES, for the substitution of the collateral granted by the Company; and (2) Other matters of general interest to this Company.
RESOLUTIONS: Upon review and discussion of the matter included in the Agenda, the Board Members resolved, by unanimous vote and with no restrictions: (1) Re-ratify the approval of the execution, by the Controlled Companies, 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, resolved by this Board of Directors in its meeting held on August 03rd, 2009, for the substitution of the collateral granted by the Company, from "aval" to "fiança". In this sense, the Officers are hereby authorized to take all the measures and execute all the documents deemed necessary to turn effective the resolution approved herein; and (2) 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, Gabriele Galateri di Genola, Luca Luciani, Carmelo Furci, Stefano de Angelis, Manoel Horácio Francisco da Silva, Andrea Sandro Calabi and Lorenzo Canu.
I herein certify that these minutes are the faithful copy of the original version duly recorded in the respective book.
Rio de Janeiro (RJ), September 17th, 2009.
FERNANDO VIEIRA LOUREIRO