Marfrig Global Foods S A : Minutes - AESM

MARFRIG GLOBAL FOODS S.A.

Corporate Taxpayer ID (CNPJ/MF): 03.853.896/ 0001- 40

Company Registry (NIRE) No. 35.300.341.031

Publicly Held Company

MINUTES OF THE ANNUAL AND EXTRAORDINARY SHAREHOLDERS' MEETINGS

HELD ON APRIL 8, 2021

1. Place, Date and Time: April 8, 2021, 10 a.m., at Marfrig Global Foods S.A. headquarters ("Company"), located at Avenida Queiroz Filho, No. 1560, Block 5, Tower Sabiá, 3rd Floor, Suite 301, Vila Hamburguesa, in the City of São Paulo, State of São Paulo, CEP 05319-000.

1. Call Notice: Call notice published on newspaper Valor Econômico, issues of March 9, 10 and 11, 2021, B-7,B-5 and A-17 respectively) and the State of São Paulo Official Gazette (pages 75, 88 and 140, respectively). The documents required by CVM Instruction No. 481/2009 were also disclosed electronically to the market.

1. Publications: The Annual Management Report, Financial Statements relative to the financial year ending on December 31, 2020, accompanied by Explanatory Notes, Abridged Annual Report of the Statutory Audit Committee and Opinions issued by Grant Thornton Auditores Independentes, the Fiscal Committee and Audit Committee were published on March 18, 2021, in Valor Econômico newspaper (pages C-27 and C-39 respectively) and the State of São Paulo Official Gazette (pages 03 to 14).

IV. Attendance: Shareholders representing 65,16% for the Annual Shareholder's Meeting and 66,84% for the Extraordinary Shareholder's Meeting of the Company's voting capital stock, attended the meeting, per signatures in the Shareholders Attendance Book. Attendees: members of the Company's Administration, Mr. Heraldo Geres - Legal and HR Vice President, a permanent member of the Fiscal Committee, Mr. Eduardo Augusto Rocha Pocetti, coordinator of the Statutory Audit Committee, Mr. Antonio dos Santos Maciel Neto, representatives of Grant Thornton Auditores Independentes, Messrs. Jefferson Coelho Diniz and Raphael Tonetto Rodrigues.

V. Board: Chair: Mr. Heraldo Geres; Secretary: Mr. Ricardo Araújo Rocha.

VI. Agenda: Annual Shareholders' Meeting: (I) To audit the accounts of administrators, examine, discuss and vote the Company's Financial Statements relative to the financial year ending on December 31, 2020; (II) To elect members of the Board of Directors (III) To elect members of the Fiscal Committee; (IV) To set the overall remuneration for members of the Board of Director, Executive Board and Fiscal Committee for the 2021 financial year; and (V) To deliberate on the allocation of net income and distribution of dividends. Extraordinary Shareholders' Meeting: (I) To deliberate on an amendment to the Company's Bylaws to: a) monetary restate the capital stock and number of shares issued by the Company under article 5 of the Bylaws; b) Amend the head of article 6 of the Bylaws to increase the limit of authorized

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capital from six hundred and thirty million (630.000.000) common shares, to one billion, two hundred and sixty million (1.260.000.000) common shares; c) change the number of members of the Board of Directors, pursuant to the legal minimum prescribed by the Brazilian Corporate Law, from five (5) to three (3), and resulting amendment to the head of article 16 of the Bylaws; d) include an additional form of representation of the Company, which may also be represented jointly by two officers, one being the Chief Executive Officer or the General Counsel, necessarily jointly with the Chief Financial and Administrative Officer or other Officer without specific designation, and resulting amendment to article 26 of the Bylaws; e) Adapt the Company's Bylaws to conform to the New B3 Market Regulation, as follows: Article 3, Paragraph 2; Article 12, to exclude item x; Article 13, paragraph 1, paragraph 2, paragraph 4, to add new paragraphs 5 and 6; Article 16, paragraph 2, paragraph 3 and paragraph 4; Article 19, items iii, xxiii and xxiv; Article 27, paragraph 2, to add a new paragraph 3; Article 28, head, to add a new paragraph 2, paragraph 3 to add a new item vii to paragraph 4; Article 31, head; Article 32, head; and Article 43 (new Article 33); f) To exclude articles 33, 34, 35, 36, 37, 38, 39, 40, 41, 42 and 46 to conform to the New Market Regulation and convergence of procedures set forth by ICVM 361; g) To amend the wording of article 1, head, to clarify that the Company is a corporation with authorized capital, governed by the applicable laws and regulations. Amendments to sections, chapters, the renumbering of articles, paragraphs, items and cross-references will be made accordingly; II) To deliberate on the Restatement of the Bylaws to reflect the above.

VII. Resolutions: The following deliberations were approved, with the exclusion of votes from those legally prohibited to do so and taking into account exclusions and instructions of votes received at the Meeting, including by means of remote voting slips, and upon authorization to draw up these minutes in an abridged form and to publish them without the signatures of the attending shareholders, pursuant to the provisions of article 130, paragraphs 1 and 2 of Law No. 6,404/76 (the "Brazilian Corporate Law"):

Annual Shareholders' Meeting:

1. To approve, by majority vote of the attending shareholders, with 63,25% votes in favor, representing 437.864.906 shares; 0,01 % votes against, representing 75.000 shares; and 1,9% abstentions, representing 13.177.093 shares, without reservations, the accounts submitted by the administrators and the Financial Statements relative to financial year ending on December 31, 2020, accompanied by Explanatory Notes, the opinion issued by Grant Thornton Auditores Independentes, and the opinions of the Company's Fiscal Committee and Statutory Audit Committee;

1. To elect, by a majority vote of the attending shareholders and taking into account abstentions received, the following individuals to become members of the Company's Board of Directors, who will take their respective offices upon signature of their instrument of investiture, for a term of two
   (2) years ending on the Annual Shareholders' Meeting to be held in 2023. Were elected as members of the Board of Directors, Messrs. Marcos Antonio Molina dos Santos, Brazilian, married, businessman, holder of Identity Card - RG No. 19.252.134 SSP/SP, enrolled with the

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Individuals Taxpayers Registry Office - CPF/MF under No. 102.174.668-18, for the position of Chair of the Board of Directors; Marcia Aparecida Pascoal Marçal dos Santos, Brazilian, married, businesswoman, holder of Identity Card - RG No. 33.647.816-1 SSP/SP, enrolled with CPF/MF under No. 182.070.698-2; Rodrigo Marçal Filho, Brazilian, married, businessman, holder of Identity Card - RG No. 28.432.094-8 SSP/SP, enrolled with CPF/MF under No. 184.346.398-90; and Alain Emile Henri Martinet, French, married, business administrator, holder of French passport No. 11AX34135, enrolled with CPF/MF under No. 233.887.318-10, all with address at Av. Queiroz Filho, No. 1560, Block, 5, Tower Sabiá, 3rd Floor, Suite Vila Hamburguesa, in the City of São Paulo, State of São Paulo, CEP 05319-000. Elected as independent members of the Board of Directors, Messrs. Antonio dos Santos Maciel Neto, Brazilian, married, engineer, holder of Identity Card - RG No. 1.004.997-0 SSP/PR, enrolled with CPF/MF under No. 532.774.067-68; Herculano Aníbal Alves, Brazilian, married, economist, holder of Identity Card - RG No. 5.306.068, SSP/SP, enrolled with CPF/MF under No. 463.463.178-49; and Roberto Silva Waack, Brazilian, married, biologist and administrator, holder of Identity Card - RG No. 11.207.342-6 SSP/SP, enrolled with CPF/MF under No. 029.327.158-52, all with address at Av. Queiroz Filho, No. 1560, Block, 5, Tower Sabiá, 3rd Floor, Suite Vila Hamburguesa, in the City of São Paulo, State of São Paulo, CEP: 05319-000. Members of the Board of Directors were elected with the following percentage of votes: 55,66% of votes in favor, representing 385.341.258 shares; 8,06% of votes against, representing 55.795.709 shares and 0,44% of abstentions, representing 3.040.032 shares. Pursuant to the provisions of article 147, paragraph 3, of the Brazilian Corporate Law, members of the Board of Directors elected hereunder will take office upon submission of: (I) the respective instrument of investiture, drawn up in the appropriate book, containing representations in compliance with the applicable laws and regulations; (ii) certificates of clearance for management purposes duly filed at the Company's headquarters pursuant to the terms of article 147 of the Brazilian Corporate Law and article 2 of CVM Instruction No. 136/02; and (iii) statement detailing the securities issued by the Company and its controlled companies or others of the same economic group held by the members, per article 157 of the Brazilian Corporate Law.

1. To elect, by a majority vote of the attending shareholders, the following individuals to become members of the Company's Fiscal Committee, who will take office upon signature of their instrument of investiture, for a term of one (1) year ending on the Annual Shareholders' Meeting to be held in 2022. Were elected as members of the Fiscal Committee, Messrs. Eduardo Augusto Rocha Pocetti, Brazilian, married, accountant, holder of Identity Card - RG No. 5.610.378-5 SSP/SP, enrolled with CPF/MF under No. 837.465.368-04; Ricardo Florence dos Santos, Brazilian, married, chemical engineer, holder of Identity Card - RG No. 6.231.779-9 - SSP/SP, enrolled with CPF/MF under No, 812.578.998-72; and Axel Erhard Brod, German, divorced, business administrator, holder of Identity Card - RNE W432250-Z DPF/RJ and enrolled with CPF/MF under No. 787.729.907-91, all with address at Av. Queiroz Filho, No. 1560, Block, 5, Tower Sabiá, 3rd Floor, Suite Vila Hamburguesa, in the City of São Paulo, State of São Paulo, CEP 05319-000. The following individuals were elected as alternate members, respectively, Messrs. Ely Carlos Perez, Brazilian, married, accountant, holder of Identity Card - RG No. 18.641.206-X, enrolled with CPF/MF under No. 140.264.678-05; José Osvaldo Bozzo, Brazilian,

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married, lawyer, holder of Identity Card - RG nº 15.644.093-3 SSP/SP, enrolled with CPF/MF under No. 052.238.968-66; and Christiano Ernesto Burmeister, Brazilian, married, business administrator, holder of Identity Card - RG No. 3.584.868-6 - SSP/SP, enrolled with CPF/MF under No. 568.995.138-20, all with address at Av. Queiroz Filho, No. 1560, Block, 5, Tower Sabiá, 3rd Floor, Suite Vila Hamburguesa, in the City of São Paulo, State of São Paulo, CEP 05319-000. The following members of the Fiscal Committee, Messrs. Axel Erhard Brod (permanent) and Christiano Ernesto Burmeister (alternate) were elected by unanimous vote of the minority shareholders who chose to attend the election in separate, per the provisions of article 161, paragraph 4, of the Brazilian Corporate Law. Members of the Fiscal Committed elected hereunder received the following percentage of votes: (a) Eduardo Augusto Rocha Pocetti (permanent) and Ely Carlos Perez (alternate) - received 51,18% votes in favor, representing 354.313.770 shares; 0,16% votes against, representing 1.136.909 shares; and 13,81% abstentions, representing 95.629.420 shares; (b) Ricardo Florence dos Santos (permanent) and José Osvaldo Bozzo (alternate) - received 51,18% votes in favor, representing 354.313.770 shares; 0,16% votes against, representing 1.136.909 shares; and 13,81% abstentions, representing 95.629.420 shares; and (c) Axel Erhard Brod (permanent) and Christiano Ernesto Burmeister (alternate) - in a separate election, received 15,14% votes in favor, representing 104.795.629 shares; 0% votes against; and 0,33% abstentions, representing 2.274.500 shares. Members of the Fiscal Committee elected hereunder will take office upon submission of their respective terms of investiture.

(IV) To approve, by a majority vote of the attending shareholders with 54,89% of votes in favor, representing 379.978.646 shares; 10,24% of votes against, representing 70.919.983 shares; and 0,03% of abstentions, representing 218.370 shares, the overall annual remuneration of the Administrators, in the amount of up to seventy-eight million, eleven hundred thousand, seven hundred and eight reais and eighty-one centavos (BRL 78,011,708.81), including all benefits and charges, as follows: (a) seventy-one million, four hundred and eighty-nine thousand, eight hundred and twenty-two reais and twenty-six centavos (BRL 71,489,822.26) refer to remuneration due to the Statutory Board; (b) five million, four hundred and ninety-nine thousand, eight hundred and seventy-one reais and eighty-six centavos (BRL 5,499,871.86) refer to the remuneration due to the Board of Directors; and (c) one million, twenty-two thousand, fourteen reais and sixty-nine centavos (BRL 1,022,014.69) refer to the remuneration due to the Fiscal Committee. The remuneration amounts mentioned above refer to the financial year starting in January and ending in December 2021.

1. To approve, by a majority vote of the attending shareholders with 65,15% of votes in favor, representing 451.008.018 shares; 0% of votes against; and 0,02% of abstentions, representing 108.981 shares, the proposal to allocate the income of the financial year ending on December 31, 2020, in the amount of three billion, three hundred and one million, seven hundred and fifty- four thousand, five hundred and thirty-two reais and six centavos (BRL 3,301,754,532.06), as follows: (a) creation of a Legal Reserve in the amount of fourteen million, eight hundred and fifty- one thousand reais (BRL 14,851,000.00); (b) payment of dividends in the amount of one hundred and forty-one million, eighty-three thousand, two hundred and seventy-four reais and seventy-two

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centavos (BRL 141,083,274.72), out of which seventy million, five hundred and forty-one thousand, six hundred and thirty-seven reais and thirty-six centavos (BRL 70,541,637.36) represent the minimum mandatory dividend and seventy million, five hundred and forty-one thousand, six hundred and thirty-seven reais and thirty-six centavos (BRL 70,541,637.36) represent approved additional dividends. Dividends will be paid, therefore, in a total percentage of fifty percent (50%) of the financial year's net income and above the twenty-five percentage (25%) minimum mandatory dividend set forth by the Bylaws. Dividends, including mandatory dividends, will be paid to shareholders according to the following proportion: the net amount per share to be paid will be of BRL 0.2038902. Dividends will be paid in a lump sum on April 30, 2021, taking into account the equity participation on April 9, 2021. Company's shares will be traded with the status "with" until April 9, 2021, including, and with the status "ex" rights as of April 12, 2021;

1. Statutory profits reserve in the amount of one hundred and forty-one million, eighty-three hundred thousand, two hundred and seventy-four reais and seventy-two centavos (BRL 141,083,274.72), per the allocation proposal submitted.

Extraordinary Shareholders' Meeting:

1. To deliberate on the Amendment to the Company's Bylaws to:

1. To approve, by a majority vote of the attending shareholders with 66,16% of votes in favor, representing 458.050.122 shares; 0,67% of votes against, representing 4.647.200 shares; and 0% of abstentions, the monetary restatement of the capital stock and number of shares issued by the Company, according to the capital increase deliberations of the Board of Directors, within the scope of the authorized capital, approved during the meetings held on June 27, July 25, August 25, and September 23, 2016, January 26, 2017, and December 17, 2019, and amendment of article 5 to reflect the following new wording:

"Article 5 - The Company's capital stock, fully subscribed and paid-in, is eight billion, three hundred and twenty-eight million, five hundred and seventy-seven thousand, nine hundred and sixty-one reais (BRL 8,328,577,961.00), divided into seven hundred and eleven million, three hundred and sixty-nine thousand, nine hundred and thirteen (711,369,913) common shares, all registered and without par value."

1. To approve, by a majority vote of the attending shareholders with 61,44% of votes in favor, representing 425.321.116 shares; 5,40% of votes against, representing 37.376.206 shares; and 0% of abstentions, the amendment of article 6 of the Bylaws to increase the limit of authorized capital from six hundred and thirty million (630,000,000) common shares to one billion, two hundred and sixty million (1,260,000,000) common shares, and the Company is then authorized to increase the capital stock up to this amount upon resolution of the Board of Directors, regardless of an amendment to the Bylaws:

"Article 6 - The Company is authorized, by resolution of the Board of Directors, to increase its capital stock, regardless of the amendment to the bylaws, with the issue of up to one billion, two hundred and sixty million (1,260,000,000) common shares, all registered and without par value, including the Company's current capital stock."

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