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Announcement and Payment of Dividends

Barretos, March 3, 2011 - Minerva S.A. (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 to its shareholders and the general market that the Company’s Board of Directors, in its meeting held today approved the payment of dividends to its shareholders in the amount of R$ 6,554,772.82 (six million, five hundred fifty-four thousand, seven hundred seventy-two Reais and eighty two cents), corresponding to 25% of its profit regarding its fiscal year ended on December 31st, 2010, equivalent to R$ 0.063486 per common share, observing that:

  • It will be entitled for payment of dividends all shareholders on March 3rd, 2011;
  • The dividends will be paid on April, 4th 2011 by Banco Itaú S.A., the deposit institution for all common shares;
  • Minerva’s shares will be traded ex-dividends at the BM&FBovespa Stock Exchange as of March 4th, 2011, inclusive.