Shareholding Structure

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

Shareholders
Shares
%
(1) Controlling Shareholders
633,055,721
45.16%
(1) CitiBank
158,839,712
11.32%
(2) J.P.Morgan
62,514,329
4.46%
(1) Board of Directors
100,163
0.01%
(1) Fiscal Council
922,927
0.07%
(1) Statutory Board
571,425
0.04%
Treasury Shares
190
0.00%
(2) Others
545,911,641
38,94%
TOTAL
1,401,916,108
100.00%