(Commission File No. 1-14862 )

On December 9, 2016, at 2:45 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 Luiz de Mendonça was absent due to justified reasons, being replaced by his alternate, Mr. Marcelo Mancini. Chief Executive Officer Fernando Musa, and officers Gustavo Valverde, Pedro Freitas, Marcelo Arantes, Luciano Guidolin and Marcelo Cerqueira, as well as Messrs. Roberto Bischoff and Guilherme Furtado 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: After due analysis of the documentation previously forwarded to the Board Members for cognizance, which shall remain duly filed at the Company’s headquarters, pursuant to the Internal Regulation thereof, the following resolutions were approved: 1) 2017 Agenda – the Agenda for the ordinary meetings of the Board of Directors and for presentation of the Monthly Monitoring Reports on the 2017/2019 Corporate Leader Action Program was approved; 2) 2017-2019 Corporate Leader Action Program (Business Plan) – approved, as amended and with comments by the Board Members; and 3) PD.CA/BAK-16/2016 - Execution of an Engineering and Civil Construction Services Agreement between Braskem and CNO - approved, pursuant to the terms and conditions of the respective PD, after the considerations of the coordinator of the Compliance Committee were heard. II) Subjects for Acknowledgement: Board Member Resignation: The resignation presented by Board Member Mr. Sergio Bottino, as per the resignation letter received by the Company on November 30, 2016, was recorded. III) Subjects of Interest to the Company: Nothing to register. IV) Adjournment: 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, December 9, 2016. Signed: Newton Sergio de Souza – Chairman, Marcella Menezes Fagundes – Secretary, Alfredo Lisboa Ribeiro Tellechea; Álvaro Fernandes da Cunha Filho; Antonio Britto Filho; Daniel Bezerra Villar; Edson Chil Nobre; Ernani Filgueiras de Carvalho; Fernando Reis Vianna Filho; João Carlos Trigo de Loureiro; João Cox Neto; Marcelo Mancini Stella.

The above matches the original recorded in the proper book.

Marcella Menezes Fagundes

Secretary

This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates offuture economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.