JBS S A : MINUTES OF THE FISCAL COUNCIL MEETING HELD ON AUGUST 12, 2020

JBS S.A.

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

Company Registry (NIRE): 35.300.330.587

Minutes Book

EXCERPT OF THE MINUTES OF THE FISCAL COUNCIL MEETING

HELD ON AUGUST 12, 2020

Date, Time and Place: August 12, 2020, at 3:30 p.m., at the headquarters of JBS S.A. ("Company"), located 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 e-mail to all members of the Fiscal Council, pursuant to Article 12 of the Internal Regulations of the Company's Fiscal Council.

Attendance: All the members of the Company's Fiscal Council were present, namely Adrian Lima Da Hora, José Paulo da Silva Filho, Demetrius Nichele Macei and Maurício Wanderley

Estanislau da Costa, reaching the necessary quorum for the meeting.

The meeting was also attended by Jeremiah Alphonsus O'Callaghan, Chairman of the Board of Directors and Director; Guilherme Perboyre Cavalcanti, Chief Financial Officer and Investor Relations Officer; Agnaldo dos Santos Moreira Jr., Accounting and Corporate Administration Director; Andrea Riva, Accounting Manager; Marlos Franco de Oliveira, Internal Controls and Risk Management Director; Rafael Kyi Harada, Risk Control Director; João Pilla, Information Technology Director;Marco Aurelio Rocha Pereira, Information Technology Manager; and Alcides Neto and Luis Paulo de Oliveira, representatives of Grant Thornton Auditores Independentes ("Grant

Thornton").

Presiding Board: Chair, Adrian Lima da Hora; and Secretary, Milena Hitomi Yanagisawa.

Agenda: (i) presentation on an overview of the market and the operations of the Company and its subsidiaries for the period ended June 30, 2020; (ii) analysis of the Company's condensed interim financial information for the period ended June 30, 2020 ("Interim Financial Information"), accompanied by the independent auditors' report on the Interim Financial Information ("Auditors' Report") issued by Grant Thornton, the Company's independent auditors; (iii) discussion with Grant Thornton on the audit work for the period ended June 30, 2020; (iv) discussion and approval of the opinion on the Interim Financial Information; (v) presentation made by the Company's Risk

Management area on hedging/derivative transactions, volume in the first half of 2020, instruments used, results obtained, strategies adopted and an overview of the current Risk Management Policy; and (vi) presentation made by the information technology area, including an update on the adaptations required by the Brazilian General Data Protection Act ("LGPD").

Resolutions:

1. Mr. Guilherme Perboyre Cavalcanti began the meeting by presenting an overview of the operations of the Company and its subsidiaries in the period ended June 30, 2020, highlighting the results obtained by the Company. During his presentation, Mr. Guilherme Perboyre Cavalcanti pointed out the Company's financial highlights, providing information on cash generated by operating activities, leverage, cash and cash equivalents, including credit lines for debt payment, and a reduction in financial expenses. He also highlighted the Company's ESG (environmental, social and governance) initiatives, stating that the Company is committed to conducting its operations while maintaining best sustainability practices throughout its value chain, in addition to maintaining strict corporate governance and compliance guidelines in its business structure.
   Mr. Jeremiah Alphonsus O'Callaghan complemented Mr. Guilherme Perboyre Cavalcanti's presentation and informed the members of the Fiscal Council about the Company's commitment to eradicating deforestation from its supply chain, having invested in technology to combat and discourage deforestation in the Amazon. Mr. Jeremiah Alphonsus O'Callaghan said the Company engaged independent auditors, who verified that
   100% of direct purchases comply with the Company's social and environmental criteria. The Company's current challenge is to monitor the indirect chain.
   The members of the Fiscal Council asked questions, which were duly answered by Mr. Guilherme Perboyre Cavalcanti and Mr. Jeremiah Alphonsus O'Callaghan.

1. Subsequently, the members of the Fiscal Council received copies of the Interim Financial Information (via the Diligent portal) and analyzed it. During the analysis of the Interim Financial Information, Mr. Agnaldo dos Santos Moreira Jr. and Ms. Andrea Riva presented their considerations about the main items of the Interim Financial Information.
   Mr. Agnaldo dos Santos Moreira Jr. and Ms. Andrea Riva answered the questions of the members of the Fiscal Council about the Interim Financial Information, and the Fiscal Council deemed the information satisfactory after discussing the main points of the presentation.

1. In addition to the analysis, Mr. Alcides Neto made a presentation on the work carried out by

Grant Thornton related to the Interim Financial Information, highlighting the independence of the audit work and the communication required from auditors, the status of the field work, the development of the audit work and the Company's internal controls in the quarter. No material adjustments were identified in the quarterly review, and all the questions of the members of the Fiscal Council were duly answered by Grant Thornton's representative. Grant Thornton's presentation is filed at the Company's headquarters and attached to these minutes under Annex I. In addition, Mr. Alcides Neto answered the questionnaire about the work carried out by Grant Thornton related to the Company's Interim Financial Information for the period ended June 30, 2020. A copy of said questionnaire is filed at the Company's headquarters and attached to these minutes under Annex II.

1. Subsequently, the members of the Fiscal Council declared that, in the performance of their legal and statutory duties, they examined the Earnings Release and the Company's Individual and Consolidated Interim Financial Information for the quarter ended June 31, 2020, approved by the Company's Board of Directors on this date. Based on the review and on the information and clarifications received during the period and considering the independent auditor's unqualified review report on the Individual and Consolidated Interim Financial
   Information issued on this date, the Fiscal Council is not aware of any additional fact that leads it to believe that the aforementioned financial information does not reflect in all material respects the data contained therein. The Fiscal Council deems the Individual and Consolidated Interim Financial Information fit to be disclosed by the Company.
2. Then, Mr. Rafael Harada presented an update on the national and international economic scenario, highlighting the recent events connected with the COVID-19 pandemic in Brazil and in the world.
   Mr. Rafael Harada presented to the members of the Fiscal Council an update on the global economic scenario, highlighting the direct impacts on the Company's operations, as well as the recent changes in the IBOVESPA, the dollar exchange rate and the Company's liquidity.
   The members of the Fiscal Council asked Mr. Rafael Harada questions about the presentation, discussed the points presented and deemed the information satisfactory.
3. Later, Mr. João Pilla presented to the members of the Fiscal Council the Information Technology area and the main systems, products and partners used by the Information Technology area.
   Subsequently, Mr. Marco Aurelio Rocha Pereira updated the members of the Fiscal Council on the status of the activities and implementations carried out by the Information Technology area regarding LGPD, which governs the treatment of personal data, including in digital

means, by a natural person or a public or private legal entity, with the purpose of protecting the fundamental rights of freedom and privacy and the free development of the personality of natural persons.

Mr. Marco Aurelio Rocha Pereira described the Company's priorities and which aspects were dealt with in the protection of personal data in Brazil, as well as announced the creation of a committee to ensure compliance with the proposed schedule.

Finally, Mr. Marco Aurelio Rocha Pereira declared that the Company is equipped to comply with all the requirements of LGPD, within the legal deadline.

The members of the Fiscal Council asked Mr. João Pilla and Mr. Marco Aurelio Rocha Pereira questions about the presentations, discussed the points presented and deemed the information satisfactory.

Minutes in Summary Form: The Fiscal Council authorized the drawing up of these minutes in the summary form and the publication of the same omitting the signatures of the attendees, pursuant to Article 130, paragraphs 1 and 2, 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.

	São Paulo, August 12, 2020
Adrian Lima Da Hora	Milena Hitomi Yanagisawa
Chair	Secretary
Attending Members:
Adrian Lima Da Hora	José Paulo da Silva Filho
Demetrius Nichele Macei	Mauricio Wanderley Estanislau da Costa