Pilgrim?s Pride Corporation Announces Cash Tender Offer For Up To $250 Million Aggregate Principal Amount Of Its Outstanding 6.250% Senior Notes Due 2033

Pilgrim?s Pride Corporation announced the commencement of a cash tender offer for up to $250 million aggregate principal amount of its 6.250% Senior Notes due 2033. Certain information regarding the Notes and the terms of the Tender Offer is summarized. The par call date is April 1, 2033.

The Total Consideration for Notes validly tendered prior to or at the Early Tender Date and accepted for purchase is calculated using the Fixed Spread and is inclusive of the Early Tender Payment. The Total Consideration for the Notes does not include the accrued interest, which will be payable in addition to the Tender Offer Consideration or Total Consideration, as applicable. The Tender Offer is being made upon the terms, and subject to the conditions, described in the offer to purchase dated March 30, 2026 which sets forth a detailed description of the tender offer.

The 6.250% Senior Notes due 2033 (CUSIP/ISIN: 72147KAK4 /US72147KAK43) have a principal amount outstanding of $922,521,000. The U.S. Treasury reference security is the 4.125% UST due February 15, 2036, with a Bloomberg reference page of FIT1. The fixed spread is +95 basis points, and the early tender payment is $50.

If a holder validly tenders Notes after the Early Tender Date but prior to or at the Expiration Date, the holder will only be eligible to receive the Late Tender Offer Consideration, plus accrued and unpaid interest. The consideration offered per $1,000 principal amount of the Notes validly tendered and accepted for purchase pursuant to the Tender Offer will be determined in the manner described in the Offer to Purchase by reference to the fixed spread for the Notes plus the yield based on the bid-side price of the U.S. Treasury Reference Security at 10:00 a.m., New York City time, on April 13, 2026. The Late Tender Offer Consideration for the Notes is equal to the Total Consideration minus the Early Tender Payment for the Notes.

Holders will also receive accrued and unpaid interest on Notes validly tendered and accepted for purchase from the last interest payment date up to, but not including, the applicable settlement date. Notes tendered after the Early Tender Date but prior to or at the Expiration Date will be eligible for purchase only if and to the extent that the aggregate principal amount of Notes that are validly tendered and accepted for purchase in the Tender Offer as of the Early Tender Date is less than the Maximum Tender Amount. The Company?s obligation to purchase, and to pay for, Notes validly tendered in the Tender Offer and not validly withdrawn pursuant to the Tender Offer is conditioned upon the satisfaction or, when applicable, waiver of certain conditions, which are more fully described in the Offer to Purchase.

The Tender Offer is not conditioned upon the tender of any minimum principal amount of Notes. However, the Tender Offer is subject to the Maximum Tender Amount. The Company reserves the right, but is under no obligation, to increase the Maximum Tender Amount at any time, subject to compliance with applicable law.

In the event of a termination of the Tender Offer, neither the applicable consideration will be paid or become payable to the holders of the Notes, and the Notes tendered pursuant to the Tender Offer will be promptly returned to the tendering holders. The Company has the right, in its sole discretion, to not accept any tenders of Notes for any reason and to amend or terminate the Tender Offer at any time. The Company intends to fund the purchase of validly tendered and accepted Notes with cash on hand.

If the conditions of the Tender Offer are satisfied, the Company reserves the right, in its sole discretion, to make payment for Notes validly tendered prior to or at the Early Tender Date and accepted for purchase on an earlier settlement date, which, if applicable, is expected to be within three business days after the Early Tender Date, or as promptly as practicable thereafter. Otherwise, payment for the Notes validly tendered prior to or at the Expiration Date, and accepted for purchase, will be made within three business days after the Expiration Date, or as promptly as practicable thereafter. Tendered Notes may be withdrawn prior to or at, but not after, 5:00 p.m., New York City time, on April 10, 2026, unless extended or earlier terminated by the Company.

BMO Capital Markets Corp. is the dealer manager for the Tender Offer. D.F. King & Co.

Inc. is the tender and information agent for the Tender Offer. The full details of the Tender Offer, including complete instructions on how to tender Notes, are included in the Offer to Purchase.