PDG REALTY S

PDG REALTY S.A. EMPREENDIMENTOS E PARTICIPAÇÕES
Listed Company
CNPJ/MF Nº 02.950.811/0001-89
NIRE Nº 33.300.285.199
MINUTES OF THE GENERAL MEETING OF THE DEBENTURE HOLDERS
HELD ON JUNE 30, 2012
1. Date, Time and Place: on the 30th day of the month of June 2012, at 11:00 a.m., in the City of
Rio de Janeiro, State of Rio de Janeiro, at Praia de Botafogo, 501, Block 1, room 201, parte, Torre Pão
de Açúcar, Centro Empresarial Mourisco, Zip Code 22250-040.
2. Convocation: waived, as debenture holders were present representing all the debenture holders,
as set forth in §2 of Article 71 c/c §4 of Article 124 of Law Nº 6,404 dated December 15, 1976, as
altered.
3. Attendance: debenture holders were present representing 100% (one hundred per cent) of the
debentures in circulation from the 1st Issue of Simple Unsecured Non-Stock-Convertible Debentures
issued in a Single Series for Public Distribution by PDG Realty S.A. Empreendimentos e Participações
(“Debentures” and “Issuer”, respectively). Additionally Pentágono Distribuidora Títulos e Valores
Mobiliários S.A. (“Fiduciary Agent”) was present, represented by Ms. Nathalia Machado; and as the
representatives of the Issuer, Messrs. João Miguel Mallet Racy Ferreira and Cauê Castello Veiga
Innocêncio Cardoso, as shown by the signatures at the end of these Minutes.
4. OFFICERS OF THE MEETING: Chair: Mr. Marcio Lima dos Santos; Secretary: Mr. Cauê Castello
Veiga Innocêncio Cardoso.
5. Order of the Day: to deliberate on waiving compliance by the Company and analysis by the
Fiduciary Agent of the financial covenants addressed in item “p” of clause 7.1 of the Private Indenture
for the 1st Issue of Simple Unsecured Non-Stock-Convertible Debentures issued in a Single Series for
Public Distribution by PDG Realty S.A. Empreendimentos e Participações (“Indenture”), in relation to
the financial data for the second quarter of 2012, as well as the information and financial statements
for the next 12 months subsequent to this quarter.
6. Deliberations: through a unanimous vote cast by those in attendance, the debenture holders
resolved to exempt the Company from complying with the financial covenants addressed in item “p”
of clause 7.1 of the Indenture in relation to the financial data for the second quarter of 2012 and as
well as the information and financial statements for the next 12 months subsequent to this quarter.
Consequently, the Company is exempted from compliance with and the Fiduciary Agent is exempted
from analyzing the above mentioned financial covenants addressed in item “p” of clause 7.1 of the
Indenture with regard to the financial information for the second quarter of 2013 inclusive, after
which, meaning for the disclosure of the financial information for the third quarter of 2013,
compliance with these financial covenants will be reinstated. The other conditions of the Indenture
remain unchanged.
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7. Adjournment: the floor was opened for comments, with no-one wishing to speak. There being
no further business, the General Meeting was adjourned, recording these Minutes which, having been
read and approved, were signed by the Chair, the Secretary, the representatives of the Issuer, the
representatives of the Fiduciary Agent and the Debenture Holders in attendance.
Rio de Janeiro, June 30, 2012
MÁRCIO LIMA DOS SANTOS
Chair
CAUÊ CASTELLO VEIGA INOOCÊNCIO CARDOSO
Secretary
PDG REALTY S.A. EMPREENDIMENTOS E PARTICIPAÇÕES
João Miguel Mallet Racy Ferreira
Cauê Castello Veiga Innocêncio Cardoso
PENTÁGONO DISTRIBUIDORA TÍTULOS E VALORES MOBILIÁRIOS S.A.
Nathalia Machado
DEBENTURE HOLDERS:
BANCO BRADESCO S.A.
Márcio Lima dos Santos
Paulo Ricardo Olmedo Freind
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