DELIBERATIVE COUNCIL

NOTICE

In accordance with the provisions of Chapter II, Article 50 and its paragraphs of the Internal Regulations, the President of the Deliberative Council informs the members that, as of this date, a period of forty-five (45) days is being opened for the presentation of amendments to the proposed draft of the new Statute of Clube de Regatas do Flamengo, presented by the President of the Board of Directors, as per the attached text.

Rio de Janeiro, February 20, 2008.

Walter Felippe D'Agostino

President of the Deliberative Council