Minerva : Minutes of the Board of Directors´ Meeting - EGM Approval voting - Pulsa and Carrasco

Minutes of the Board of Directors´ Affair - EGM Approval voting - Pulsa and Carrasco

Date, time and venue: June 11, 2014, at 5:00 p.m., at the Company's headquarters, amid at prolongamento da Avenida Antonio Manço Bernardes, s/nº, Rotatória Família Vilela de Queiroz, Chácara Minerva, CEP 14781-545, in the burghal of Barretos, accompaniment of São Paulo.

Presiding: Edivar Vilela de Queiroz, Chairman; Fernando Galletti de Queiroz, Secretary.

Call Notice: The alarm apprehension was waived back all associates of the Company's Board of Directors abounding the meeting.

Attendance: All associates of the Company's Board of Directors abounding the meeting.

Agenda and Unanimous Resolution: In acquiescence with Article 19, account XII of the Bylaws, to acclaim an acknowledging vote by the Company's representatives: 1. to the resolutions of the Extraordinary Affair to be captivated at Pulsa S.A., on the arrangement of Chairman and Secretary of the Extraordinary Shareholders' Affair and on the alteration to Article 1 of the Company's Bylaws to change the abode of its headquarters; 2. to the resolutions of the Extraordinary Affair to be captivated at Frigorífico Matadero Carrasco S.A., on the arrangement of Chairman and Secretary of the Extraordinary Shareholders' Affair and on the alteration to Article 1 of the Company's Bylaws to change its accumulated name.

Closure and Cartoon up of the Minutes: There actuality no added business to discuss, the Chairman offered the floor, which was declined. The affair was again adjourned for the cartoon up of these minutes, which were read, accustomed and active by all attendees.

Venue and Date: Barretos, June 11, 2014. Presiding: (signed) Edivar Vilela de Queiroz, Chairman; Fernando Galletti de Queiroz, Secretary. Attending Board Members: (signed) Edivar Vilela de Queiroz; Antonio Vilela de Queiroz; Ibar Vilela de Queiroz, Alexandre Lahoz Mendonça de Barros, Jose Luiz Rego Glaser, Norberto Lanzara Giangrande Junior, Roberto Rodrigues and Dorival Antonio Bianchi.

Declaration: This is a chargeless English adaptation of the aboriginal account fatigued up in the Company's records.

Barretos, SP, June 11, 2014.