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Notice to the Market

Barretos, November 17, 2010 - Minerva S.A. (BOVESPA: BEEF3; Bloomberg: BEEF3.BZ; Reuters: BEEF3.SA), one of the leaders in Brazil in the production and marketing of fresh beef, live cattle and its byproducts and also engaging in the processing of beef, pork and poultry, announces that it has increased its participation in the Joint-Venture Minerva Dawn Farms Indústria e Comércio de Proteínas S.A. - MDF from the current 50% (fifty percent) to 80% (eighty percent) in a deal estimated at approximately R$60,000,000.00 (sixty million reais) ("Transaction").

The Transaction involved a capital increase at MDF through the issuance of new shares that were fully subscribed and paid for by Minerva S.A., reaffirming the commitment of its shareholders, Dawn Farms Foods and Minerva, with the rapid growth in the activities and opportunities offered by MDF, once again ratifying the confidence placed in the potential of the value-added segment of this project. The capital increase also enhances MDF’s access to new markets identified after the start-up of its activities, in April 2009.