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Material Fact

Minerva S.A. ("Minerva" or "Company"), the South American leader in the export of fresh beef and cattle byproducts, which also operates a processed foods segment, in accordance with CVM Instruction 358, of January 3, 2002, as amended, and with CVM Instruction 480, of December 7, 2009, as amended, hereby informs its shareholders and the market in general the following:

The Net Revenue estimate for 2018 has been updated. Such decision had as principle the exchange devaluation for real and Argentinian pesos in relation of the U.S. dollar. The estimate for 2018 fx rate which was R$3.40/US$ turns to R$3.70/US$ and for Argentinian pesos, which was ARS$19/US$, turns to ARS$27/US$. Thus, the Company’s Net Revenue estimate for 2018 would be between R$15,0 billion and R$16,0 billion.

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