Marfrig Global Foods S A : Summary Annual Report On the Activities of the Statutory Audit Committee 2020

SUMMARY ANNUAL REPORT ON THE ACTIVITIES OF THE

STATUTORY AUDIT COMMITTEE

FINANCIAL YEAR 2020

MARFRIG GLOBAL FOODS S.A.

1)General Information

The Statutory Audit Committee of Marfrig Global Foods was established in 2019 under the CVM Instruction No. 509 of November 16, 2011.

The Statutory Audit Committee is a statutory advisory and instruction board, directly linked to the Board of Directors, on a permanent basis, governed by the applicable law and regulation, and by the provisions of Marfrig Global Foods S.A.'s Bylaws and Internal Regulations.

During 2020, the Committee held 7 meetings with the attendance of the Company executives, internal auditors and representatives of Grant Thornton Auditores Independentes to allow the understanding of processes, internal controls, risks, as well as to issue its recommendations to the Board of Directors and to the Company's Management.

2) Performed Activities

The following are the main themes and activities performed by the Statutory Audit Committee:

• • Evaluation of annual financial statements and quarterly reports, always with the presence of independent auditors;

• • Monitoring of the planning on the work of the independent auditors and internal auditors for the financial year 2020;

• • Follow-up and monitoring, together with the Company's Management, of the work in the areas of Internal Audit and Internal Controls and evaluation of the internal audit reports that were prepared;

• • Supervision of the external auditors' activities to assess the independence, quality and adequacy of the services provided to the needs of the Company;

• • Evaluation with the Independent Auditors of the possible impacts of Coronavirus pandemic on the financial statements;

• • Analysis and discussion with the Company's Management on the Internal Controls Letter prepared by Grant Thornton Auditores Independentes and

the respective internal areas action plans for the correction or improvement of points;

• • Follow-up of the work in the preparation area of the Company's financial statements;

• • Evaluation of the adequacy of transactions with related parties carried out by the company and respective proofs;

• • Discussions with the Company's Risk Management area and understanding of the Market Risk Management Policy;

• • Opinion for approval by the Board of Directors of the annual financial statements.

The members of the Committee reported that there were no situations in which there was a significant divergence between the company's management, the independent auditors and this Committee regarding the company's financial statements.

São Paulo, March 8, 2021

_____________________________	_____________________________
Antonio dos Santos Maciel Neto	José Mauro Depes Lorga
Committee Coordinator	Committee Member
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Lúcio Abrahão Monteiro Barros
Committee Member