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Minerva announces proposal for the distribution of dividends

Barretos, March 17, 2008 - Minerva S.A. (BOVESPA: BEEF3; Bloomberg: BEEF3.BZ; Reuters: BEEF3.SA), one of Brazil’s leading producers of fresh and processed beef and beef byproducts, informs its shareholders and the market in general that the Company’s Board of Directors meeting of March 14, 2008 approved the proposal for the distribution of dividends in the total amount of R$9,186,144.21; this proposal will be submitted to the approval of Minerva’s shareholders at the Annual Shareholders Meeting that will examine the management accounts for the fiscal year ended on December 31, 2007. The dividend distribution will be based on the shareholding position on the date of said Annual Shareholders Meeting of Minerva S.A.

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