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Barretos, May 15, 2008 – Minerva (BOVESPA: BEEF3; Bloomberg: BEEF3.BZ; Reuters: BEEF3.SA), one of the market leaders in Brazil in the production and sale of fresh beef, leather and live cattle, announces today its results for the first quarter of 2008 (1Q08). Except where stated otherwise, the financial and operating information in this release is presented in BRGAAP and Brazilian real (R$), and comparisons are in relation to the same periods of 2007.

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