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Election of New Member to the Board of Directors

Barretos, São Paulo, May 2nd, 2012 - Minerva S.A. (“Company”), a leader in South America in the production and sale of fresh beef, live cattle and cattle byproducts, with operations in the beef, pork and poultry processing segments, hereby informs its shareholders and the market in general that due to the end of the office term of the Company’s Board of Directors, its controlling shareholders and the majority of the non-controlling shareholders’ representatives attending the Annual Shareholders’ Meeting held at the Company’s headquarters mutually agreed on the election of the Board members for a two-year office term.

From the candidates appointed by the controlling shareholder, Mr. Edivar Vilela de Queiroz (Chairman), Mr. Antônio Vilela de Queiroz and Mr. Ibar Vilela de Queiroz remained in their positions. In addition, Mr. Bruno Melcher replaced Mr. Fernando Galletti de Queiroz as a Board member.

From the independent Board members, Mr. Alexandre Mendonça de Barros and Mr. José Luiz Rego Glaser remained in their positions. In addition, Mr. Sergio Carvalho Mandin Fonseca and Mr. João Pinheiro Nogueira Batista will replace Mr. Benedito da Silva Ferreira and Mr. Dorival Antônio Bianchi, who will now be members of the Company’s Fiscal Council. Mr. João Pinheiro Nogueira Batista was appointed by the non-controlling shareholders to serve as an independent member of Minerva’s Board of Directors..

Management would like to thanks Mr. Benedito da Silva Ferreira, Mr. Dorival Antônio Bianchi and Mr. Fernando Galletti de Queiroz for the work they performed in the previous term as Board members, and it welcomes the new Board members and expects that they will contribute to improving the Company’s corporate governance practices.

To access the Notice to the Market, click here.