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Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes ______       No ___X___

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BRASKEM S.A.
Public Company –CVM code n° 00482-0
CNPJ/MF n^o 42.150.391/0001 -70
NIRE N° 29.300.006.939

SHAREHOLDERS ANNOUNCEMENT

DIVIDEND DISTRIBUTION

Braskem S.A. (“Braskem”) hereby informs its shareholders that, during the Ordinary General Shareholders Meeting held on March 28, 2007, it was approved the dividend payment proposal related to the fiscal year of 2006, in the total amount of R$ 36,932,747.44 (thirty-six millions nine hundred and thirty-two thousand, seven hundred and forty-seven Reais and forty-four centavos) corresponding to 50% of the net profits available for the financial year, for payment to the holders of class “A” and “B” preferred shares, not in treasury, and holders of ADRs, which corresponds to a gross value of: a) R$ 0.159017 (zero point fifteen centavos and fraction) to each class “A” and “B” preferred share; and b) R$ 0.318034 (zero point thirty one centavos and fraction) to each ADR, with settlement as from Company’s By-Laws.

As approved, this payment will start as from April 9^th, 2007, without income tax retention, pursuant prevailing legislation. Since March 29^th, 2007, the transaction of preferred shares class “A” and “B” in Brazilian stock exchange, as well as ADR in American stock exchange are being made “Ex-Dividend”, being March 28^th, 2007 “Brazilian Record Date” and April 02, 2007 as “US Record Date”, in order to attend obligations assumed because of ADR program maintained by Braskem on the United State of America. For operational reasons, it will be suspended the conversion of class “B” preferred shares into class “A” preferred shares, between March 29 and April 09, 2007.

Banco Itaú S.A. will be at Shareholders’ disposal on Shareholders’ Assistance Establishments in order to clarify any doubts, located on the following addressees:

• Boa Vista Street, 176, 1^st underground, São Paulo-SP;
• Sete de Setembro Street, 99, underground, Rio de Janeiro-RJ;
• João Pinheiro Avenue, 195, ground floor, Belo Horizonte-MG;
• Sete de Setembro Street, 746, ground floor, Porto Alegre-RS;
• João Negrão Street, 65, sobreloja, Curitiba-PR;
• Estados Unidos Avenue, 50, 2^nd floor, Salvador-BA;
• SCS, Block 3, Edifício D’Ângela, sobreloja, Brasília-DF.

São Paulo/SP, March 29^th, 2007.

Carlos José Fadigas de Souza Filho
Director of Investor Relations

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SIGNATURES

        Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: March 30, 2007

	BRASKEM S.A.
	By:	/s/      Carlos José Fadigas de Souza Filho
		Name:	Carlos José Fadigas de Souza Filho
		Title:	Chief Financial Officer

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