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Acquisition of Meatpacking Plant in Uruguay

Barretos, March 22nd, 2011 - Minerva SA (BOVESPA: BEEF3; Bloomberg: BEEF3.BZ; Reuters: BEEF3.SA), one of the market leaders in Brazil in the production and sale of fresh beef, live cattle and byproducts, with operations also in the beef, pork and poultry processing segments, announces that, in addition to the Material Fact published on January 18th, 2011, it has executed today a Stock Purchase and Sale Agreement (Contrato de Compraventa de Accionies) in accordance with Uruguayan law, for the acquisition of 100% of the shares representing the capital stock of PULSA S.A. (Frigorifico Pul), a corporation headquartered in Uruguay with a production unit located in the province of Cerro Largo, close to its capital Melo.

As disclosed previously, part of the payment could be done through the transfer by the Company of shares of its own issuance. For this purpose, the Company will seek approval from the Comissão de Valores Mobilários for the use of shares held in treasury as part of the agreed upon price of acquisition.

The Company also informs that the aforementioned acquisition constitutes a relevant investment under the scope of Article 256, Item I of Brazilian Corporation Law (Federal Law 6,404 of 1976, as amended), and that it will further issue a call notice for an extraordinary shareholders’ meeting for ratification of the transaction by its shareholders.