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Ownership Breakdown


The following table sets forth the principal holders of Marfrig outstanding common shares and their respective shareholdings:

Shareholders Shares %
(1) Controlling Shareholders 230,035,363 37.03%
(1) Board of Directors 184,962 0.03%
(1) Statutory Board 408,281 0.07%
Treasury Shares 2,290,151 0.37%
BNDES Participações S.A. 209,648,427 33.74%
(2) Brandes Investment Partners 62,094,311 9.99%
Others 116,618,327 18.77%
TOTAL 621,279,822 100.00%

(1) Acording to CVM Rule 358 - March 2019
(2) As announced by the Company on 04/04/2018

Note: Controlling Shareholders' group consists of MMS Participações Ltda. and its members individually. The MMS Participações Ltda. is controlled by Marcos Antonio Molina dos Santos and Marcia Aparecida Pascoal Marcal dos Santos, each with 50% stake.