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Contracting of a Market Maker

Barretos, May 13th, 2011 - Minerva S.A. (BOVESPA: BEEF3; Bloomberg: BEEF3.BZ; Reuters: BEEF3.SA), one of the market leaders in South America in the production and sale of fresh beef, live cattle and byproducts, with operations also in the beef, pork and poultry processing segments, pursuant to CVM Instruction 384 and BOVESPA Resolution 293/2003, announces to shareholders and the general market that it has contracted BTG PACTUAL CORRETORA DE TÍTULOS E VALORES MOBILIÁRIOS S.A., with headquarters at Av. Brigadeiro Faria Lima, n.º 3.729, 10º andar, in the city of São Paulo, SP, inscribed in the corporate roll of taxpayers (CNPJ/MF) under number 43.815.158/0001-22 to act as its market maker. The objective is to increase the liquidity of the registered common shares without par value issued by the Company (“BEEF3”) and listed on the Novo Mercado special corporate governance segment of the São Paulo Stock Exchange (BOVESPA). The agreement will have duration of 12 months that may automatically be extended for an equal period, provided there are no manifestations to the contrary by either party. This initiative by Minerva to reduce the volatility and ensure the liquidity of its stocks demonstrates its commitment with best corporate governance practices and to protecting its securities from speculative trading that could adversely affect minority shareholders.

The Company also informs that on this date its capital is composed of 105,794,018 common shares, of which 34,398,027 shares are traded on the Novo Mercado (free float of 32.5%), and that it has not entered into any agreement regulating the exercise of voting rights or the purchase and sale of its securities with the market maker.