(Commission File No. 1-14862 )

On May 4, 2016, at 12:00 p.m., at the Company’s office located at Rua Lemos de Monteiro, n° 120, 15º andar, São Paulo/SP, CEP 05501-050, an Ordinary Meeting of the Board of Directors of BRASKEM S.A. was held with the presence of the undersigned Board Members, as per the signatures placed at the end of these minutes. Board Member Álvaro Fernandes da Cunha Filho and his respective Alternate, as well as Board Member Marcela Drehmer were absent due to justified reason, with the latter being replaced by her respective Alternate. Officers Carlos Fadigas, Fernando Musa, Gustavo Valverde, Pedro Freitas and Marcelo Arantes de Carvalho, as well as Mr. Roberto Bischoff, Mr. Guilherme Furtado and Mr. Ismael Campos de Abreu, representatives of the Fiscal Board of the Company, were present. The Chairman of the Board of Directors, Mr. Newton Sergio de Souza, presided over the meeting, and Mrs. Marcella Menezes Fagundes acted as secretary. AGENDA : I) Subjects for deliberation : 1) PROPOSAL FOR DELIBERATION: After due analysis of the Proposal for Deliberation (“PD”), a copy and related documentation of which were previously forwarded to the Board Members for cognizance, pursuant to the Internal Regulations thereof, and shall remain duly filed at the Company’s headquarters, the following deliberation was approved by unanimous vote of the attendees, under the terms and conditions set out in the respective PD: 1.1) PD.CA/BAK-04/2016 – Governance and Conformity within the Company and its Controlling Companies , (i) to authorize the creation of the Conformity Committee of the Board of Directors of Braskem S.A., with the purposes, duties and operations described in the respective PD, and (ii) to define the responsibilities of the leader of the Conformity Program of Braskem, who will report directly to the Coordinator of the Conformity Committee, pursuant to the respective PD; 2) Election of Officer – (i) to acknowledge the resignation presented on this date by the Chief Executive Officer Carlos Fadigas de Souza Filho, recording the vote of gratitude to the resigning Officer for his dedication and contribution during the exercise of his functions in the Executive Office of the Company; (ii) to elect Mr. Fernando Musa, Brazilian citizen, married under the partial property ruling, engineer, enrolled in the Individual Taxpayers’ Register of the Minister of Finance (CPF/MF) under No. 073.612.828-06, bearer of Identity Card RG No. 9 617 644-1 SSP/SP, resident and domiciled in the City of São Paulo, State of São Paulo, with business address at Rua Lemos Monteiro, nº 120, 22º andar, Butantã, São Paulo/SP, CEP 05501-050, to perform the role of Chief Executive Officer of the Company for the remaining term of office, which will end at the time of the Board of Directors’ meeting which will take place after the Ordinary General Meeting to be held in 2018. The Officer hereby elected will take office on this date, having presented written statements, for the purposes of article 37, item II, of Law 8,934, of November 18, 1994, with wording given by Law 10,194, of February 14, 2001, according to the

provision of paragraph 1 of article 147, of Law 6,404, of December 15, 1976, that he is not prevented by special law or has not been sentenced for any crime of bankruptcy, prevarication, bribery or payoff, graft, embezzlement, or against welfare, public faith or property, or to a criminal penalty that prohibits, even if temporarily, the access to public positions; he also presented, in order to comply with the provisions of CVM Rulings Nos. 358, of January 3, 2002, and 367, of May 29, 2002, written statements in accordance with the terms of said Rulings, which have been filed in the headquarters of the Company. On such occasion, the Board Members welcomed Mr. Fernando Musa. Due to the election approved above, the Company’s Executive Office has now the following composition: Fernando Musa – Chief Executive Office, Gustavo Sampaio Valverde, Luciano Nitrini Guidolin; Marcelo de Oliveira Cerqueira; Marcelo Arantes de Carvalho and Pedro Van Langendonck Teixeira de Freitas – Investors’ Relations Officer ; 3) Allocation of the Managers’ Compensation – in compliance with the provisions in articles 25 and 26 of the Company’s Bylaws, and after hearing the People and Organization Committee, the allocation of the compensation of the Company’s managers was approved as per the annual values approved by the Annual and Extraordinary General Meeting held on April 6, 2016. II) Subjects for Acknowledgment : Presentations and reports were made by the respective persons in charge regarding the following themes: a) Braskem’s results for the 1 ^st quarter of 2016; b) Growth plan in the USA; c) Update on the start of the XXI Ethylene Project; and d) Meetings of the People and Organization Committee and of the Finance and Investment Committee, both held on the date hereof. III) Subjects of Interest to the Company: Nothing to record. IV) Closing of the Minutes - As there were no further subjects to be discussed, these minutes were drawn up, which, after read, discussed and found to be in order, are signed by all the Board Members present at the meeting, by the Chairman and by the Secretary. São Paulo, May 4, 2016. Signed: Newton Sergio de Souza – Chairman; Marcella Menezes Fagundes – Secretary; Alfredo Lisboa Ribeiro Tellechea; Antônio Aparecida de Oliveira; Antônio Britto Filho; Daniel Bezerra Villar; Edson Chil Nobre; Ernani Filgueiras de Carvalho; João Carlos Trigo de Loureiro; Luiz de Mendonça and Mauro Motta Figueira. 

The above matches the original recorded in the proper book.

Marcella Menezes Fagundes

Secretary

Sede-Fábrica: Camaçari/BA - Rua Eteno, 1561, Polo Petroquímico de Camaçari - CEP 42810-000 - Tel.(71) 3413-1000

Escritórios: Salvador/BA - Avenida Antônio Carlos Magalhães, 3.244, 21º andar, Caminho das Árvores, CEP: 41.820-000 – Tel. (71)   3504-7932

São Paulo/SP – Rua Lemos de Monteiro, 120, 22º andar, São Paulo/SP, CEP 05501-050 – Tel. (11) 3576-9000 – Fax (11) 3023-0892