Itaúsa - Investimentos Itaú S.A.
CNPJ. 61.532.644/0001-15 A Publicly Listed Company NIRE. 35300022220
SUMMARIZED MINUTES OF THE MEETING OF THE BOARD OF DIRECTORS
HELD ON NOVEMBER 9 2009
PLACE AND TIME: Praça Alfredo Egydio de Souza Aranha, 100, Torre Olavo
CHAIR: José Carlos Moraes Abreu.
QUORUM: The full complement of elected members.
a) on November 10 2008, this Board of Directors authorized the buyback of the Company’s own shares in the period from November 10 2008 to November 9 2009, pursuant to the limits of 58,000,000 common shares and 192,000,000 preferred shares;
b) in this period no shares issued by the Company itself were acquired; the 4,404,840 preferred shares, which were being held as treasury stock, were cancelled pursuant to the resolution of the General Meeting of April 30 2009; and
c) the Company believes this authorization to be in the best interests of its stockholders, the share acquisition process having the purpose of applying available funds as well as any buyback operations executed within its scope,
Have unanimously resolved:
a) to authorize the acquisition of up to 65,000,000 common shares and 219,000,000 preferred shares of the Company’s own issue, without reduction in the value of the capital stock, for holding as treasury stock, cancellation or resale to the Market, pursuant to paragraphs 1 and 2, Article 30 of Law 6.404/76 and CVM Instructions 10, 268 and 390;
b) to attribute to the Executive Board the authority to establish the opportunity for acquisition of the shares within these limits which represent less than 10% of the 651,927,497 common shares and of the 2,198,644,030 preferred shares of the Company’s Free Float; and
c) that these acquisitions be effected through the Stock Exchanges during the period from November 10 2009 to November 10 2010, at market value, using funds available and held in the Revenue Reserves ("Reinforcement for Working Capital Reserves"), and intermediated by Itaú Corretora de Valores S.A. with its registered offices at Av. Brigadeiro Faria Lima, 3400, 10th floor in the city and state of São
São Paulo (SP), November 9, 2009. (signed) José Carlos Moraes Abreu - Chairman; Alfredo Egydio Setubal, Carlos da Camara Pestana and Maria de Lourdes Egydio Villela - Vice-Chairmen; Alfredo Egydio Arruda Villela Filho - Directors and Ricardo Egydio Setubal - Alternate Director.
Investor Relations Officer