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Minerva Announces Service Agreement with Lord Meat]

Barretos, January 08, 2008 – Minerva S.A. (BOVESPA: BEEF3), one of the leaders in Brazil in the production and sale of fresh beef, processed beef and beef byproducts, announces that on January 7, 2008 it signed a processing services agreement with Lord Meat - Indústria Comércio Importação e Exportação Ltda. (“Lord Meat”), under which Lord Meat will provide to Minerva S.A. cattle slaughtering and deboning services at its Goianésia industrial unit located in Goiás state, which will increase the daily slaughtering capacity of Minerva S.A. by 300 to 400 head.

Minerva S.A. also informs that it has initiated negotiations with the objective of acquiring Lord Meat with the holders of the company’s capital stock, which are Lord Meat Trading Ltd., with head offices in the British Virgin Islands, and Meatpar Participações Societárias Ltda., with head offices in Brazil. The acquisition of Lord Meat is subject to a final agreement between the two parties, including the final documents related to the transaction. Minerva will keep its shareholders and the general market informed of any developments in the negotiations.

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