(Commission File No. 1-14862 )

On September 27, 2016, at 5:00 p.m., at the Company’s office located at Rua Lemos de Monteiro, n° 120, 15º andar, São Paulo/SP, CEP 05501-050, an Extraordinary Meeting of the Board of Directors of BRASKEM S.A. was held with the presence of the undersigned Board Members, as per the signatures placed at the end of these minutes. Chief Executive Officer Fernando Musa, officers Gustavo Valverde and Pedro Freitas, as well as Mr. Guilherme Furtado were present. The Chairman of the Board of Directors, Mr. Newton Sergio de Souza, presided over the meeting, and Mrs. Marcella Menezes Fagundes acted as secretary. AGENDA : I) Subject for deliberation : After due analysis of the Proposal for Deliberation (“PD”) , the related copy and documentation of which was previously sent to the Board Members for cognizance, as provided for in its Internal Rules, and will remain duly filed at the Company’s headquarters, the following deliberation was unanimously approved by the attendees, under the terms and conditions set out in the respective PD: 1) PD.CA/BAK-12/2016 – DISTRIBUTION OF INTERIM DIVIDENDS – To approve, under article 204, Paragraph 2 of Law 6,404/1976, coupled with Paragraph 5 of article 44 of the Company’s Bylaws, the distribution of interim dividends in the amount of one billion Reais (R$1,000,000,000.00), to the profit retention reserve account existing in the last balance sheet dated of December 31, 2015, distributed in the following manner: (i) gross amount of one Real, twenty-five centavos and change (R$1.25715870797455) per common share or preferred class “A” share and (ii) two Reais, fifty-one centavos and change (R$2,5143174159491) per American Depositary Receipt (ADR), since the dividends the preferred class “B” shares of the Company were entitled to in said year have already been fully distributed and paid-up. The dividends are declared on this date and shall be paid on a date to be informed by means of a Notice to the Shareholders, which shall be timely disclosed by the Company. II) Subjects for Acknowledgment : Nothing to record. III)

 

                                                                                 

 

BRASKEM S.A.

C.N.P.J No. 42.150.391/0001-70 - NIRE 29300006939

MINUTES OF THE BOARD OF DIRECTORS’ MEETING

 

HELD ON SEPTEMBER 27, 2016

 

 

Adjournment : As there were no further subjects to be discussed, these minutes were drawn up, which, after read, discussed and found to be in order, are signed by all the Board Members present at the meeting, by the Chairman and by the Secretary. São Paulo, September 27, 2016. Signed: Newton Sergio de Souza – Chairman; Marcella Menezes Fagundes – Secretary; Alfredo Lisboa Ribeiro Tellechea; Álvaro Fernandes da Cunha Filho; Antonio Britto Filho; Daniel Bezerra Villar; Edson Chil Nobre; Ernani Filgueiras de Carvalho; Fernando Reis Vianna Filho; João Carlos Trigo de Loureiro; João Cox Neto and Luiz de Mendonça.

The above matches the original recorded in the proper book.

Marcella Menezes Fagundes

Secretary

Sede-Fábrica: Camaçari/BA - Rua Eteno, 1561, Polo Petroquímico de Camaçari - CEP 42810-000 - Tel.(71) 3413-1000

Escritórios: Salvador/BA - Avenida Antônio Carlos Magalhães, 3.244, 21º andar, Caminho das Árvores, CEP: 41.820-000 – Tel. (71)   3504-7932

São Paulo/SP – Rua Lemos de Monteiro, 120, 22º andar, São Paulo/SP, CEP 05501-050 – Tel. (11) 3576-9000 – Fax (11) 3023-0892