FISCAL COUNCIL

EXTRAORDINARY MEETING

The members of the Deliberative Council of Clube de Regatas do Flamengo are invited to the Extraordinary Meeting of the Fiscal Council to be held on May 29, Tuesday, at the Rogerio Steinberg Auditorium, 2nd floor, Club Headquarters, at Av. Borges de Medeiros, 997, Lagoa, at 19:30 p.m. in the first and only call, for the following agenda:

Presentation by the President on the activities of the Supervisory Board in the first two months of his term.

Rio de Janeiro, May 25, 2007.

Leonardo Ribeiro

Chairman of the Fiscal Council