DATE, TIME AND PLACE:
On July 30th, 2012, at 13:00pm, at the head offices of TIM Participações S.A. ("Company"), located in the City and State of Rio de Janeiro.
The Board of Directors of the Company was held at the date, time and place above mentioned, in the presence of Messrs. Manoel Horacio Francisco da Silva, Gabriele Galateri di Genola e Suniglia, Andrea Mangoni, Carmelo Furci, Stefano de Angelis, Oscar Cicchetti, Maílson Ferreira da Nóbrega and Adhemar Gabriel Bahadian either in person or by means of audio conference, as provided in paragraph 2, Article 25 of the Company's By-laws. The meeting was also attended by Messrs. Alberto Emmanuel Carvalho Whitaker, Chairman of the Statutory Audit Committee, Claudio Zezza, Chief Financial Officer, Lorenzo Federico Zanotti Lindner, Chief Operations Officer, Rogério Tostes Lima, Investor Relations Officer, Daniel Junqueira Pinto Hermeto, Purchasing & Supply Chain Officer, Roger Sole Rafols, Chief Marketing Officer, Paolo Stoppaccioli, Chief Human Resources Officer, Rogério Takayanagi, Officer of TIM Fiber RJ S.A. and of TIM Fiber SP Ltda., Jaques Horn, Legal Officer and Secretary, and the representative of PricewaterhouseCoopers ("PwC"), independent auditors of the Company, Mr. Sergio Zamora.
Mr. Manoel Horacio Francisco da Silva – Chairman; and Mr. Jaques Horn – Secretary.
(1) To acknowledge about the Quarterly Information Report ("ITRs") of the second quarter of 2012; (2) To acknowledge the activities carried on by the Compensation Committee; (3) To acknowledge and resolve on the results of the Company's Long Term Incentive Plan for the period of 2011/2012; (4) To resolve on the goals for the Company's Long Term Incentive Plan for the period of 2012/2013; (5) To acknowledge and resolve on the restructuring of TIM Fiber RJ S.A and TIM Fiber SP Ltda., indirect subsidiaries of the Company; (6) To acknowledge and resolve on issues involving the property where is installed the "Polo Industrial de Santo André" ("PISA"); and (7) Other matters of general interest of the Company.
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