(Commission File No. 1-14862 )

On August 15, 2017, at 2:00 p.m., at the Company’s office located at Rua Lemos 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. Board Member Luiz de Mendonça was absent due to justified reasons, being replaced by his Alternate, Mr. Mauro Motta Figueira. Chief Executive Officer, Fernando Musa, Officers Gustavo Valverde, Pedro Freitas, Edison Terra, Marcelo Arantes, Marcelo Cerqueira and Messrs. Guilherme Furtado, responsible for the Corporate Governance, Mr. Anselmo Macedo, representative of KPMG Auditores Independentes (“KPMG”) and Cristiane Rocha, representative of the Fiscal Board, were also present. The Chairman of the Board of Directors, Mr. Newton Sergio de Souza, presided over the meeting, and Mrs. Alessandra Araripe acted as secretary. AGENDA : I) Subjects for deliberation : MANAGEMENT REPORT, FINANCIAL STATEMENTS AND ALLOCATION OF RESULTS REGARDING THE FINANCIAL YEAR ENDED ON DECEMBER 31, 2016: a) after presentation carried out by the Officer responsible for the Company’s performance during 2016, the following matters were approved : (i) the positive statement of this Board as to the approval, by the Extraordinary General Meeting, of the Management Report and the Financial Statements related to the financial year ended on December 31, 2016, and the proposal for the allocation of the Company’s results; (ii) the technical feasibility study that allows the realization of the Company’s deferred tax asset, pursuant to CVM Ruling No. 371/02; and (iii) the issue of the required declarations by the Management; and b) the calling of the Extraordinary General Meeting to resolve on the matters mentioned in item (i) above was approved . The representative of the Company’s Fiscal Board informed that said body declared that the Financial Statements are in condition of approval by the Extraordinary General Meeting of the Company’s Shareholders. II) Subjects for Acknowledgement : Presentations/reports were made by the respective individuals responsible for the following matters: (a) Braskem’s results for the 1st and 2nd quarters of 2017, reviewed by auditors; (b) Strategic moves by Braskem; (c) Update on the solution of pending operational issues between Braskem and Petrobras; and (d) Meeting of Braskem’s Compliance Committee held on August 15, 2017. III) Subjects of Interest to the Company : Nothing to record.  IV) Adjournment : As there were no further

                                                                  

 

 

BRASKEM S.A.

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

MINUTES OF THE BOARD OF DIRECTORS’ MEETING

 

HELD ON AUGUST 15, 2017

 

matters 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, August 15, 2016. Signatures: Newton Sergio de Souza - Chairman; Alessandra Araripe – Secretary; Carla Gouveia Barreto; Ernani Figueiras de Carvalho; Edson Chil Nobre; Fernando Reis Vianna Filho; Gesner José de Oliveira Filho; João Cox Neto; João Carlos Trigo de Loureiro; Mauro Motta Filgueira; Marcelo Lyrio; and Pedro Oliva Marcilio de Souza.

The above matches the original recorded in the proper book.

Alessandra Araripe

Secretary

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

Offices: Salvador/BA - Avenida Antônio Carlos Magalhães, 3.244, 21º andar, Caminho das Árvores, CEP: 41.820-000 – Phone (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