MINUTES OF THE BOARD OF DIRECTORS’ MEETING HELD ON MAY 12, 2021, AT 10:30 A.M.

JBS S.A.

Corporate Taxpayer's ID (CNPJ/ME): 02.916.265/0001-60

Company Registry (NIRE): 35.300.330.587

Authorized Publicly Held Company

EXCERPT OF THE MINUTES OF THE BOARD OF DIRECTORS' MEETING

HELD ON MAY 12, 2021, AT 10:30 A.M.

Date, Time and Venue: The meeting of the Board of Directors of JBS S.A. ("Company") was held on May 12, 2021, at 10:30 a.m., at the Company's headquarters, at Avenida Marginal Direita do Tietê, 500, Bloco I, 3º Andar, Vila Jaguara, CEP 05118-100, in the city and state of São Paulo, via video conferencing.

Call notice: The call notice was sent via email to all members of the Board of Directors, pursuant to article 18 of the Company's Bylaws.

Attendance: The necessary quorum for the Board of Directors' Meeting was verified, given the presence of all the members of the Board of Directors, pursuant to articles 15 and 18 of its Bylaws, namely: Jeremiah O'Callaghan (Chair), José Batista Sobrinho (Vice-Chair),Wesley Mendonça Batista Filho, Aguinaldo Gomes Ramos Filho, Gilberto Meirelles Xandó Baptista, Alba Pettengill, Márcio Guedes Pereira Júnior, Gelson Luiz Merisio and Leila Abraham Loria.

The meeting was also attended by Mr. Daniel Pitta, the Company's Chief Legal Officer.

Presiding: Jeremiah O'Callaghan, Chair; and Milena Hitomi Yanagisawa, Secretary.

Agenda: discussion and resolution on the authority limits of the Executive Board to perform the acts provided for in article 19 of the Company's Bylaws, in view of the amendments to the Company's Bylaws approved at the Annual and Extraordinary Shareholders' Meeting of April 28, 2021.

Discussions and Resolutions:

Mr. Daniel Pitta started the meeting and informed the members of the Board of Directors that the Company's Annual and Extraordinary Shareholders' Meeting held on April 28, 2021 approved,

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among other matters, the amendments to the Company's Bylaws. Accordingly, the members of the Board of Directors need to approve the authority limits of the Executive Board. After discussing the matter, the members of the Company's Board of Directors unanimously approved the following authority limits for the Company's Executive Board regarding the acts provided for in item XXV of article 19 of the Company's Bylaws:

(a)	The	amount	equivalent	to	seven	hundred	and	fifty	million	U.S.	dollars
	(US$750,000,000.00), per transaction, for the issue of any funding instruments, including
	"bonds", "notes", "promissory notes", "certificate of receivables", "commercial papers",
	or others commonly used in the market, as well as to set the conditions for their issue
	and redemption;
(b)	An amount equivalent to two hundred million U.S. dollars (US$200,000,000.00), per
	transaction, for the acquisition or disposal of equity interests, corporate associations or
	strategic alliances with third parties;
(c)	The amount equivalent to two hundred million U.S. dollars (US$200,000,000.00),
	per transaction, for the acquisition or disposal of permanent assets and properties;
(d)	The	amount	equivalent	to	seven	hundred	and	fifty	million	U.S.	dollars
	(US$750,000,000.00), per transaction, for the placement of liens and the provision of
	surety bonds and guarantees for its own obligations and/or the obligations of its
	subsidiaries;
(e)	The	amount	equivalent	to	seven	hundred	and	fifty	million	U.S.	dollars
	(US$750,000,000.00), per transaction, for incurring debt, in the form of loans or issue of
	debt instruments or assumption of debt, or any legal transaction that affects the
	Company's capital structure;
(f)	The amount equivalent to one million reais (R$1,000,000.00), per contract and per year,
	for the placement of guarantees by the Company, in rental contracts in favor of its
	employees and/or employees of companies directly or indirectly controlled by the
	Company, for the duration of their employment contract; and
(g)	The amount equivalent to five hundred million U.S. dollars (US$500,000,000.00), for the
	execution of any contract, agreement or other instrument that (i) prevents the Company
	or its subsidiaries from carrying out termination with notice lower than ninety (90) days;
	or that (ii) requires the payment of any modality of sanction or pecuniary obligation by
	the Company or its subsidiaries, including, but not limited to, fines, loss of profits, take
	or pay clause or commitment of the Company or its subsidiaries to remain with the
	obligation of paying installments not yet due in an amount equal to or higher than three
	(3) months of pecuniary obligations ordinarily established by the same instrument.

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All acts performed by the Company's Executive Board and/or attorneys-in-fact within the authority limits described above, between January 1, 2021 and the date of this meeting, are hereby ratified;

Minutes in Summary Form: The Board of Directors approved the drawing up of these minutes in summary form and their publication omitting the signatures, pursuant to paragraphs 1 and 2 of article 130 of Brazilian Corporate Law.

Closure: There being no further business to discuss, the Chair offered the floor to anyone who intended to speak and, as no one did, the meeting was adjourned for the time necessary to draw up these minutes, which were then read, approved and signed by all attendees.

Attending Board Members: Jeremiah O'Callaghan (Chair), José Batista Sobrinho (Vice- Chair), Wesley Mendonça Batista Filho, Aguinaldo Gomes Ramos Filho, Gilberto Meirelles Xandó Baptista, Alba Pettengill, Márcio Guedes Pereira Júnior, Gelson Luiz Merisio and Leila Abraham Loria.

This is a free English translation of the Minutes of the Board of Directors' Meeting drawn up in

the Company's book.

São Paulo, May 12, 2021.

Milena Hitomi Yanagisawa

Secretary

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