NOTICE TO THE MARKET
JBS PROVIDES CLARIFICATIONS ON PRESS RELEASE
DISCLOSED BY THE MEDIA
JBS S.A. (the "Company" or "JBS" - B3: JBSS3; OTCQX: JBSAY), in accordance with the terms of the Brazilian Securities and Exchange Commission Instruction no. 358, dated January 3, 2002, clarifies to its shareholders and the market in general, in relation to news published on the Folha de São Paulo website, on this date, that:
As widely disclosed, JBS has been studying a possible listing of its international assets in the USA. With this, the Company expects to achieve a capital structure that better reflects its global platform and allows it to compete as an equal with its international competitors, in addition to provide more opportunities to JBS and to its team members throughout the world.
The Company pursues, with a possible listing, to unlock value to all of its shareholders and not to "shield its assets" as mentioned in the news report.
The studies are not being conducted with the aim to obtain tax benefits.
In all the hypothesis evaluated, the control will continue to be exercised by a Brazilian entity.
There is no need to speak about a change of headquarters. It is part of the process of an overseas listing the choice of a country for the constitution of a vehicle which shares will be listed, especially in the case of JBS, which has operating assets distributed around the world.
When the studies are completed and if the Company's management bodies approve the listing in the USA, JBS will disclose all features of the transaction to the public in compliance with its legal and regulatory obligations.
São Paulo, December 6th, 2019.
Guilherme Perboyre Cavalcanti
Investor Relations Officer
JBS SA published this content on 06 December 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 December 2019 22:30:04 UTC