JBS S.A. (JBS S.A.) and JBS USA Lux S.A. ("JBS USA") announced that (i) JBS S.A. received Requisite Consents (as defined below) (with respect to each series of JBS S.A. Notes (as defined below), the "JBS S.A. Consents") from the holders of each of the 7.000% Senior Notes due 2026 and 5.750% Senior Notes due 2028 issued by JBS USA Food Company (as substituted issuer of JBS Investments II GmbH) (together, the "JBS S.A. Notes") and (ii) JBS USA received Requisite Consents (with respect to each series of JBS USA Notes (as defined below), the "JBS USA Consents" and, together with the JBS S.A. Consents, the "Consents") from the holders of each of the 6.750% Senior Notes due 2028, 6.500% Senior Notes due 2029 and 5.500% Senior Notes due 2030 issued by JBS USA, JBS USA Finance Inc. and JBS USA Food Company (collectively, the "JBS USA Notes" and, collectively with the JBS S.A. Notes, the "Notes") to certain proposed amendments as set forth below (with respect to each series of Notes, the "Proposed Amendments") to the indentures governing each series of Notes (with respect to each series of Notes, an "Indenture" and, collectively, the "Indentures") (with respect to each series of Notes, a "Consent Solicitation" and, collectively, the "Consent Solicitations"). As of the Expiration Time, JBS S.A. and JBS USA, as applicable, received the applicable Consents from the applicable holders as of the Record Date (as defined below) representing a majority of the aggregate principal amount of the applicable series of Notes (not including any such Notes that are owned by JBS S.A., JBS USA, or any of their respective affiliates) ("Requisite Consents"). Holders of the applicable Notes as of 5:00 p.m. (New York City time) on June 18, 2021 (such date and time, the "Record Date") will receive a cash payment equal to USD 1.25 per USD 1,000 principal amount of such Notes in respect of which Consents to the applicable Proposed Amendments have been validly delivered prior to the applicable Expiration Time and not validly revoked by such holder. Such cash payment is expected to occur on July 7, 2021 or promptly thereafter. The Proposed Amendments with respect to the JBS S.A. Notes conform certain provisions and restrictive covenants (and definitions related thereto) of the Indentures governing the JBS S.A. Notes to the corresponding provisions and restrictive covenants (and definitions related thereto) set forth in the indenture governing JBS Finance Luxembourg S.à r.l.'s 3.625% Sustainability-Linked Senior Notes due 2032, which are guaranteed by JBS S.A. (the "New JBS S.A. Notes"). The Proposed Amendments are described in greater detail in the consent solicitation statement of JBS S.A., dated June 21, 2021 (the "JBS S.A. Consent Solicitation Statement"), pursuant to which the JBS S.A. Consents were conducted. A supplemental indenture with respect to each series of JBS S.A. Notes giving effect to the Proposed Amendments has been executed and Consents can no longer be revoked. The Proposed Amendments will become operative with respect to each series of JBS S.A. Notes only upon payment of the applicable consent fee. The Proposed Amendments with respect to the JBS USA Notes conform certain provisions and restrictive covenants (and definitions related thereto) of the Indentures governing the JBS USA Notes to the corresponding provisions and restrictive covenants (and definitions related thereto) set forth in the indenture governing JBS USA's 3.750% Senior Notes due 2031 (the "New JBS USA Notes"). The Proposed Amendments are described in greater detail in the consent solicitation statement of JBS USA, dated June 21, 2021 (the "JBS USA Consent Solicitation Statement" and, together with the JBS S.A. Consent Solicitation Statement, the "Consent Solicitation Statements"), pursuant to which the JBS USA Consents were conducted. A supplemental indenture with respect to each series of JBS USA Notes giving effect to the Proposed Amendments has been executed and Consents can no longer be revoked. The Proposed Amendments will become operative with respect to each series of JBS USA Notes only upon payment of the applicable consent fee.