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Material Fact

Closure of Swap Agreement with Credit Suisse

Barretos (SP), April 05th, 2013 - Minerva S.A. ("Company"), one of the South American market leaders 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 closed the swap agreement with Credit Suisse Proprio Fundo de Investimento Multimercado ("Credit Suisse").

This swap agreement was disclosed by the Company through Material Fact of April 3rd, 2012. It established that the Company’s yield would correspond to the variation in the Company share (BEEF3) price, while the yield to Credit Suisse would be equivalent to 100% of the CDI for a maximum term of two years.

The operations, whose results were settled in cash as of today, do not change the percentage of the Company’s outstanding shares.

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