BRF S.A. (BOVESPA:BRFS3) announces a share repurchase program. Under the program, the company will repurchase up to 14,000,000 shares, for BRL 2,763.36 million. The purpose of the program is to maximize the generation of shareholder value, promoting the efficient allocation of available resources and the Company's capital structure.

The shares acquired will be used to remain in treasury, and subsequent sale or cancellation, as well as to fulfill the obligations and commitments undertaken by the Company under the Stock Option Plan. The repurchases will be funded out of capital reserve, as provided in the company?s financial statements relating to the quarter ending on March 31, 2024. The share repurchase program is valid for 18 months ending on October 7, 2025.

As of April 30, 2024, the company had 17,817,179 common shares in treasury.