S A D I A S. A.
CNPJ/MF nº 20.730.099/0001-94
A PUBLICLY-HELD COMPANY
MINUTES No. 126 OF SADIA’S BOARD OF DIRECTORS MEETING, HELD ON JULY 26TH, 2007
On the twenty-sixth day of July of the year two thousand and seven, at its facilities at Rua Fortunato Ferraz nº 365 – 2º andar, in São Paulo-SP, the members of Sadia S.A. Board of Directors held a meeting chaired by Mr. Walter Fontana Filho, and upon a verification of compliance with the first paragraph of Article 16 of the By-Laws, the meeting was called to order for the following purpose:
6. TRADING POLICY:-
With a view to improving the governance procedures and means of this Corporation, and in line with the Brazilian Securities and Exchange Commission – CVM Instructions Nos. 358 and 449, dated January 3, 2002 and March 15, 2007, respectively, the Board approved a Policy for Trading Stock, Notes, Marketable Securities and Their Derivatives issued by the Company and By Third Parties, If Any, as per the attached document, which is signed by all those present.
There being no further business, the meeting was adjourned for drawing up these minutes, which were then signed by all Board members present.
São Paulo-SP, July 26, 2007.
/s/ Walter Fontana Filho (Chairman); Eduardo Fontana d’Avila (1st Vice Chariman; Alcides Lopes Tápias (2nd Vice Chairman); Diva Helena Furlan; Everaldo Nigro dos Santos; Francisco Silverio Morales Cespede; José Marcos Konder Comparato; Luiza Helena Trajano Inácio Rodrigues; Marcelo Fontana; Norberto Fatio; Vicente Falconi Campos.
I CERTIFY that this is a faithful copy of item 6 of the Minutes No. 126, transcribed from pages 58 to 59 of the Book of Minutes No. 4 of Sadia S.A. Board of Directors Meetings.
José Nestor Conceição Hopf
Secretary
