Minerva - Investor Relations Mobile
Material Fact − Notes 2028 Issuance

MINERVA S.A. ("Minerva" or "Company"), one of the leaders in South America in the production and sale of fresh beef, live cattle and cattle byproducts, with operations also in the beef processing segment, pursuant to the provisions of article 157, paragraph 4, of Law no. 6,404 of December 15, 1976, as amended ("Brazilian Corporation Law"), and in accordance with CVM Instruction 358 of January 3rd , 2002, as amended ("ICVM 358/02"), hereby informs its shareholders and the market in general as follows:

(a) At the meeting of the Company‘s Board of Directors held on March 5th, 2018, it was approved, among other matters: (i) the cancellation of six million, two hundred and forty-one thousand, eight hundred (6,241,800) common shares, registered, book-entry and with no par value, issued by the Company, acquired in accordance with the 2017 Repurchase Plan and currently maintained in treasury; and (ii) the acquisition, in one single transaction or in a sequence of transactions, of up to four million, eight hundred and twenty-nine thousand, three hundred and eighty-five (4,829,385) common shares, registered, book-entry and with no par value, issued by the Company ("2018 Shares Repurchase Plan").

(b) The 2017 Repurchase Plan shall not be terminated as a result of the cancellation of the shares, approved herein, and that three million (3,000,000) shares of such plan shall remain in treasury;

(c) the cancellation did not give rise to the change of the amount of the capital, which shall remain one hundred and thirty-four million, seven hundred and fifty-one thousand, eight hundred and twenty-three Reais, thirty-seven Centavos (R$ 134,751,823.37), but is now divided in two hundred and twenty-three million, six hundred and eighteen thousand, four hundred and fifty-nine ordinary (223,618,459) common shares, registered, book-entry and with no par value.

(d) The extraordinary shareholders‘ meeting of the Company will be duly convened to amend article 5 of the bylaws in order to contemplate the new number of shares after the cancellation of ninety-six million, two hundred and forty-one thousand and eight hundred (96.241.800) registered, book-entry common shares with no par value issued by the Company in treasury.

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Minerva S.A.
Eduardo Pirani Puzziello
Investor Relations Officer

Contact IR

Phone : +55 (11) 3074-2444
E-mail: ri@minerva.com.br

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