Shareholding Structure

The following table sets forth the principal holders of Marfrig outstanding common shares and their respective shareholdings:

Shareholders
Shares
%
(1) Controlling Shareholders
639,468,992
45.61%
(1) CitiBank
211,096,900
15.06%
(2) J.P.Morgan
77,389,018
5.52%
(1) Board of Directors
100,163
0.01%
(1) Fiscal Council
922,927
0.07%
(1) Statutory Board
571,425
0.04%
Treasury Shares
600,190
0.04%
(2) Others
471,766,493
33.65%
TOTAL
1,401,916,108
100.00%