FIBRIA CELULOSE S.A.

CNPJ 60.643.228/0001-21 NIRE 35.300.022.807

MINUTES OF THE EXTRAORDINARY MEETING OF THE BOARD OF DIRECTORS

Date, time and place: May 3, 2010, at 9:00 a.m., by teleconference centralized at the Companys headquarters at Alameda Santos, 1357, 6th floor, in the City and State of So Paulo. Attendance: Regularly convoked, the following Directors participated in the meeting: Jos Luciano Duarte Penido (Chairman of the Board), Alexandre Gonalves Silva, Alexandre Silva DAmbrsio, Armando Mariante Carvalho Junior, Eduardo Rath Fingerl, Joo Carvalho de Miranda, Jos Armando de Figueiredo Campos, Raul Calfat and Wang Wei Chang. Presiding: Board Chairman Jos Luciano Duarte Penido presided, inviting Jos Luiz Braga to act as secretary for the meeting. Resolutions: 1. The Board of Directors resolved to dismiss, without cause, from the Companys Board of Executive Officers, MIGUEL PINTO CALDAS, Brazilian, married, businessman, bearer of ID card RG n 792.149 SSP/SP and registered with the CPF/MF under n 318.799.501-20, who managed staff and organizational development activities. The removal of this Officer will occur on May 7, 2010, which date will be deemed to be that of his effective departure for all legal purposes and effects. 2. To replace the Officer whose removal is contemplated herein, the Board of Directors elected JOAO EDES STEINLE, Brazilian, married, engineer, bearer of n 9.316.070-7-SSP-SP and registered with the CPF/MF under n CPF 286 497 701-00, domiciled and with business address in the City and State of So Paulo at Alameda Santos, n 1.357 6th floor, to manage staff and organizational development activities. This new Officer will be compensated as provided by the Board of Directors and will complete the mandate of the replaced Officer. 2.1. Although the effective departure of the replaced Officer will only occur this upcoming May 7, the Board of Directors, after completing the legal and regulatory formalities, swears in on this date the replacement Officer, so as to permit the appropriate transition in the activities of human and organizational development at the Company.

Closing: The matters submitted for the deliberation of the Board of Directors being unanimously approved, the meeting was closed upon transcription of these minutes, which are signed by the participants. So Paulo, May 3, 2010. (Sig.) Jos Luciano Duarte Penido Chairman of the Board and Chair of the Meeting; Jos Luiz Braga Secretary; Alexandre Gonalves Silva; Alexandre Silva DAmbrsio; Armando Mariante Carvalho Junior; Eduardo Rath Fingerl; Joo Carvalho de Miranda; Jos Armando Figueiredo Campos; Raul Calfat and Wang Wei Chang. True to the original. Extracted from the document itself. /s/ Jos Luiz Braga Secretary