COMPANHIA ENERGÉTICA DO CEARÁ – COELCE
PUBLICLY – HELD COMPANY
CORPORATE ID # 07.047.251/0001-70
REGISTRATION NUMBER # 23300007891
MINUTE OF THE BOARD MEETING, held on July 24, 2012, it was executed in accordance with
paragraph 1 of article 130, Law 6.404/76.
DATE AND PLACE: July 24, 2012, at 4:00 p.m, at the Company’s principal business office,
which is located at Rua Padre Valdevino, n.º 150, Centro, Zip Code: 60.127-900, Fortaleza,
State of Ceará.
BOARD: Dr. Mário Fernando de Melo Santos, as the Chairman of the Board of Directors, and
Cristine de Magalhães Marcondes, as Secretary ad hoc.
CALL: Call held in accordance with article 14 of the Company’s articles of incorporation.
ATTENDANCE: 81,8% of the members from the Board of Directors: Mário Fernando de Melo
Santos, Marcelo Andrés Llévenes Rebolledo, José Alves de Mello Franco, Fernando Antonio de
Moura Avelino, Jorge Parente Frota Junior, Renato Soares Sacramento, Gonzalo Manuel Vial Vial,
Cristián Eduardo Fierro Montes and Francisco Honório Pinheiro Alves.
AGENDA:
1. Re-ratification of the financing contract with the Banco Nacional de Desenvolvimento
Econômico e Social - BNDES;
2. Election of the Chief Investor Relations Officer to complete the current term of the Board;
3. Other matters of general interest.
RESOLUTIONS: After the presentation of the items on the Agenda and the distribution of its
documents to the Board members, the analysis and discussion of them was decided by the
present Board members as it follows:
1. Concerning the first item on the Agenda, it was decided to rectify the financing contract with the
Banco Nacional de Desenvolvimento Econômico e Social – BNDES, which was approved in
the Coelce’s Board of Directors Meeting held on May 23, 2012, regarding the composition of
the bank union and considering the output of the J. Safra S.A. bank from the mentioned
financing.
2. Hereby, it was ratified all the other items of the mentioned decision, which presents now the
following text:
“To approve the financing contract with the Banco Nacional de Desenvolvimento Econômico
e Social – BNDES for the investment program in the system of electricity distribution of the
Company in the period of 2012-2013. Indirectly, this approval is through the union of banks,
which it is coordinated by the Itaú BBA Bank S.A.(Leader) and by the Santander Bank (Brazil)
S.A, and the total amount involved is R$ 310.000.000,00, which are guaranteed by the
Company’s receivable fiduciary assignment.
Thus, the Executive Board of the Company is already authorized to execute all documents
and to take any and all actions necessary for the completion of the financing approved
hereby, including, as regards the installment of guarantees”.
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3. Concerning the second item on the Agenda, it was approved the election of TEOBALDO
JOSÉ CAVALCANTE LEAL, brazilian, married, business administrator, ID nº. 815.633,
individual taxpayer identification n° 304.786.343-15. His professional address is at Praça
Leoni Ramos, nº. 01, 7º floor, bl. 01, São Domingos, Niterói, RJ. He was elected to hold the
office of Chief Investor Relations Officer, which was temporarily held by Abel Alves Rochinha,
since the Board of Directors Meeting held on March 15, 2012. The Chief Investor Relations
Officer now elected will take office in accordance with article 149, Law 6.404/76, and his term
will coincide with the other Board members. Therefore, his term will be valued until the first
Board Meeting to be held after the Shareholders’ Meeting of 2013;
The Chief Investor Relations Officer elected declared for purposes in paragraph 01 of article
147, Law 6.404/76, that he is not involved in any of the crimes defined in law that prevents
him from carrying on business activity.
4. There was no registration in other matters of general interest.
Fortaleza, July 24, 2012.
________________________________
Mario Fernando de Melo Santos
Chairman of the Board of Directors
_________________________________
Cristine de Magalhães Marcondes
Secretary ad hoc
Marcelo Andrés Llévenes Rebolledo
Vice-Chairman of the Board
José Alves de Mello Franco
Board Member
Francisco Honório Pinheiro Alves
Board Member
Fernando Antonio de Moura Avelino
Board Member
Gonzalo Vial Vial
Board Member
Cristián Eduardo Fierro Montes
Board Member
Jorge Parente Frota Júnior
Board Member
Renato Soares Sacramento
Board Member
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