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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 219,371,723 35.31%
(1) Board of Directors 149,546 0.02%
(1) Statutory Board 117,227 0.02%
Treasury Shares 382,339 0.06%
(2) BNDES Participações S.A. 209,648,427 33.74%
Brandes Investment Partners 62,094,311 9.99%
Others 129,516,249 20.85%
TOTAL 621,279,822 100.00%

(1) Acording to CVM Rule 358 - June 2018
(2) Acording to Notice to the Market 28/Mar/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.