FIBRIA CELULOSE S.A. CNPJ/MF n. 60.643.228/0001-21 NIRE 35.300.022.

807 (a publicly held company) MINUTES OF THE ORDINARY MEETING OF THE BOARD OF DIRECTORS HELD ON JULY 1, 2010

Date, time and place: Held on July 1, 2010, at 10:00 a.m., at the Companys headquarters at Alameda Santos, n. 1.357, 6th floor, in the City of So Paulo, State of So Paulo. Attendance: Regularly convened, all members of the Companys Board of Directors were present: Jos Luciano Duarte Penido (Chairman of the Board of Directors); 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. Jos Luciano Duarte Penido Chairman. Claudia Elisete Rockenbach Leal - Secretary.

Presiding:

Agenda: Approve the policy for disclosing information to the capital markets; the policy for trading in securities issued by the company; and the corporate governance policy. Also, re-ratify in internal rules of the Audit and Risks Committee and the Finance Committee. Resolutions: After discussion and analysis of the matters included in the agenda, by unanimous vote of the Directors, without reservations and/or qualifications, the following resolutions were passed: a) Approve the Policy for Disclosing Information to the Capital Markets; b) Approve the Policy for Trading in Securities Issued by the Company; c) Approve the Corporate Governance Policy; d) Re-ratify the Internal Rules of the Audit and Risks Committee and the Internal Rules of the Finance Committee, so that their denominations are uniform; and

e) Register the names of the members of the Advisory Committees to the Companys Board of Directors, as per the following list:

Audit and Risks Committee:

Coordinator and Financial Expert Members: Samuel de Paula Matos Antonio Luiz Pizarro Manso Maurcio Aquino Halewicz

Interim Coordinator Members:

Finance Committee:

Secretary:

Carlos Augusto Lira Aguiar Joo Carvalho de Miranda Patrcia Dias Fernandes Wang Wei Chang Samuel Saldanha Teixeira

Coordinator: Members:

Personnel and Compensation Committee:

Secretary:

Gilberto Lara Nogueira Alexandre Gonalves Silva Jos Armando de Figueiredo Campos Jos Luciano Duarte Penido Victoria Christina Bloch Joo Edes Steinle

Coordinator: Members:

Sustainability Committee:

Secretary:

Jos Luciano Duarte Penido Ailton Alves Lacerda Krenak Cludio Benedito Valladares Pdua Francisco Fernandes Campos Valrio Ignacy Sachs Marcelo Strufaldi Castelli Ricardo Young Silva Sergio Eduardo Weguelin Vieira Sergio Besserman Vianna Carlos Alberto de Oliveira Roxo

Closing: There being nothing more to address, the meeting was suspended for the time
needed to transcribe these minutes, which were read, checked over and approved by the members of the Board of Directors, who signed them. (sig.) Jos Luciano Duarte Penido as Chairman of the Board of Directors and Chairman of the Meeting; Alexandre Gonalves Silva; Alexandre Silva DAmbrsio; Armando Mariante Carvalho Junior; Eduardo Rath Fingerl; Joo Carvalho de Miranda; Jos Armando de Figueiredo Campos; Raul Calfat; Wang Wei Chang; and Claudia Elisete Rockenbach Leal Secretary.

So Paulo, July 1, 2010. True to the original. Extracted from the document itself. Claudia Elisete Rockenbach Leal Secretary