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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 215,389,650 34.67%
(1) Board of Directors 149,456 0.02%
(1) Statutory Board 237,756 0.04%
Treasury Shares 300,228 0.05%
(2) BNDES Participações S.A. 209,648,427 33.74%
Brandes Investment Partners 54,423,712 8.76%
Others 141,130,593 22.72%
TOTAL 621,279,822 100.00%

(1) Acording to CVM Rule 358 - October 2017
(2) Acording to Notice to the Market 02/Feb/2017

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.