DECREE of 6 NOVEMBER 2003.
Authorizes an increase in the share capital of the Company from the docks of the State of Bahia-CODEBA.
The Vice-President of the REPUBLIC, the Office of the President of the Republic, using the allocation that gives the art. 84, section IV, of the Constitution, and in view of the provisions of art. 4 of Decree-Law No. 1678, of 22 February 1979, DECREES: Art. first is authorised to increase the share capital of the Company from the docks of the State of Bahia-of R$ 174,289,268.14 CODEBA (174 million, 289,000, 268 reais and fourteen cents) to R$ 177,686,888.14 (177 million, 686,000, 888 reais and fourteen cents).
Art. second Is the Union allowed to: (I)-subscribe to leases with R$ 3,277,344.63 (three million, 277,000, 344 and 63 cents), through the use of credits relating to the investments of the Union within the company;
II-subscribe actions until the R$ value 120,275.37 (120,000, 275 reais and 37 cents), if the minority shareholders not exercising their right of first refusal within the legal deadline.
Art. 3 this Decree shall enter into force on the date of its publication.
Brasília, 6 November 2003; 182 of independence and 115 of the Republic.
JOSÉ ALENCAR GOMES DA SILVA Bernard Appy Anderson Adauto Pereira