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The Board of Executive Officers of FIBRIA CELULOSE S.A. met on June 7, 2010 to authorize the execution of financing contracts through opening lines of credit with four banks - Banco Bradesco, Banco Santander, Banco Itaú, and Banco Alfa - totaling $130 million reais at 7% interest over 18 months. They also approved the issuance of a promissory note of $45 million reais in favor of Banco Bradesco as guarantee for the transaction. The Board authorized the CEO and officers to take all necessary actions to realize the approved contracts.

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27 views2 pages

Reais)

The Board of Executive Officers of FIBRIA CELULOSE S.A. met on June 7, 2010 to authorize the execution of financing contracts through opening lines of credit with four banks - Banco Bradesco, Banco Santander, Banco Itaú, and Banco Alfa - totaling $130 million reais at 7% interest over 18 months. They also approved the issuance of a promissory note of $45 million reais in favor of Banco Bradesco as guarantee for the transaction. The Board authorized the CEO and officers to take all necessary actions to realize the approved contracts.

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FIBRIA CELULOSE S.A. CNPJ N 60.643.228/0001-21 NIRE 35.300.022.

807 MINUTES OF THE MEETING OF THE BOARD OF EXECUTIVE OFFICERS

Date, time and place: Held on June 7, 2010, at 15:00, at Alameda Santos, n. 1357 6th floor, in the City of So Paulo, State of So Paulo. Attendance: Regularly convened, the following Officers participated in the meeting: Carlos Augusto Lira Aguiar, Chief Executive Officer, Francisco Fernandes Campos Valrio Joo Edes Steinle, Joo Felipe Carsalade, and Marcelo S. Castelli. Presiding: Carlos Augusto Lira Aguiar, the Companys Chief Executive Officer, presided, and Eduardo de A. P. Andretto acted as Secretary. Agenda: Authorize the execution of financing contracts, through opening a line of credit. Resolutions: After discussion and analysis of the matters included on the agenda, the Officers unanimously voted, without reservations or qualifications, to make the following resolutions: a) Authorize the execution of financing contracts, through opening a line of credit, with interest of 7% per year, for a period of 18 months (bullet), whose resources come from BNDES (EXIM), subject to the terms of article 21, II, of the Companys Bylaws, with the financial institutions and in the amounts as follows: (i) Banco Bradesco, in the amount of R$45,000,000.00 (forty-five million reais); (ii) Banco Santander, in the amount of R$28,000,000.00 (twenty-eight million reais); (iii) Banco Ita, in the amount of R$37,000,000.00 (thirty-seven million reais); e (iv) Banco Alfa, in the amount of R$20,000,000.00 (twenty million reais). b) By reason of and related to resolution (a) above, the Board of Executive Officers also authorizes the issuance of a promissory note in favor of Banco Bradesco, in the amount of R$45,000,000.00 (forty-five million reais), as a guarantee of the transaction mentioned in item (i) of the that resolution. c) In light of the resolutions above, the Board of Executive Officers hereforth approves the execution by the Company of any and all documents and/or instruments related to the above resolutions. Accordingly, the Companys Board of Executive Officers are fully authorized to take all the actions necessary for the above referenced and approved contracting, as well as to name and constitute attorneys-in-fact, pursuant to the Companys Bylaws, to take the actions necessary to realize the transactions referred to in the above resolutions.

Closing, Transcription and Signature of the Minutes: There being nothing more to address, behold that the matters submitted for the deliberation of the Board of Executive Officers were unanimously approved, and the work was suspended for the time necessary to transcribe these minutes, which, being read and found to be accurate, were signed by all present. (sig.) Carlos Augusto Lira Aguiar Chairman of the Meeting and Chief Executive Officer, Francisco Fernandes Campos Valrio, Joo Edes Steinle, Joo Felipe Carsalade, and Marcelo Strufaldi Castelli Officers, and Eduardo de A. P. Andretto Secretary.

So Paulo, June 7, 2010.

I certify that this is an accurate copy of the original filed at the Company. __________________________ Eduardo de A. P. Andretto Secretary

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