Board of Directors - Minutes (09.30.2020 - 10:30 AM BRT)

NATURA &CO HOLDING S.A.
CNPJ/ME 32.785.497/0001-97Publicly-Held Company	NIRE 35.300.531.582

MINUTES OF THE BOARD OF DIRECTORS' MEETING

HELD ON SEPTEMBER 30, 2020

1. Date, Time and Place: On September 30, 2020, at 10:30 a.m., at the principal place of business of Natura &Co Holding S.A. ("Company"), at Avenida Alexandre Colares, No. 1.188, Room A17, Block A, Parque Anhanguera, ZIP Code 05106-000, in the City of São Paulo, State of São Paulo.

1. Call Notice: Waived due to the attendance, by conference call, of all members of the Board of Directors of the Company, under article 15, paragraph 2, of the Bylaws of the Company.

1. Quorum: All members of the Company's Board of Directors were in attendance, namely: Guilherme Peirão Leal, chairman of the meeting and Co-chairman of the Board of Directors; Antônio Luiz da Cunha Seabra, Co-chairman of the Board of Directors; Pedro Luiz Barreiro Passos, Co-chairman of the Board of Directors; Roberto de Oliveira Marques, Executive Chairman of the Board of Directors; Gilberto Mifano, independent director; Carla Schmitzberger, independent director; Fábio Colletti Barbosa, independent director; Jessica DiLullo Herrin, independent director; Ian Martin Bickley, independent director; Nancy Killefer, independent director; W. Don Cornwell, independent director; and Andrew George McMaster Jr., independent director. Mr. Moacir Salzstein, secretary of the meeting, was also present.

IV. Presiding Board: Mr. Guilherme Peirão Leal presided over the meeting, and invited Mr.

Moacir Salzstein to act as secretary.

1. Agenda: To resolve upon the Company's financial statements to be especially reissued for purposes of reissue of the independent auditors' reports and/or filing in the Securities and Exchange Commission ("SEC").

VI. Resolutions: After discussions concerning the matters contained in the Agenda, the

members of the Board of Directors unanimously approved, without qualifications:

1. the Company's Quarterly Information (ITR) for the 2nd quarter of 2020, ended June 30, 2020, solely for the purpose of reissue of the independent auditors' special review report;
2. the interim financial statements for the six-month period ended June 30, 2020 especially prepared for SEC filing purposes, in compliance with the rules of such regulatory body; and

1. the financial statements related to the Company's fiscal years ended December 31, 2019, 2018 and 2017 especially prepared for SEC filing purposes, in compliance with the rules of such regulatory body, containing the restatement of information about the operating segments, as if the new segmentation of the Company's business adopted as from the acquisition of Avon Products, Inc. had occurred on January 1, 2017.

VII. Adjournment: The Chairman thanked the presence of all and ordered the adjournment

of the meeting, first suspending the same, so that these minutes could be drawn up, which after being read, discussed and found to be in order, were approved, according to votes cast by e- mails and signed by the board and by the attending directors. São Paulo, September 30, 2020. Presiding Board: (aa) Guilherme Peirão Leal, President. Moacir Salzstein, Secretary. Board of Directors Members: (aa) Antônio Luiz da Cunha Seabra, Guilherme Peirão Leal, Pedro Luiz Barreiros Passos, Roberto de Oliveira Marques, Gilberto Mifano, Fábio Colletti Barbosa, Carla Schmitzberger, Jessica DiLullo Herrin, Ian Martin Bickley, Nancy Killefer, Andrew George McMaster Jr. and W. Don Cornwell.

I hereby certify that these minutes are a true copy of the original transcribed in the Company's

book.

São Paulo, September 30, 2020.

__________________________________

Moacir Salzstein

Secretary