JBS S.A. and JBS USA Holdings, Inc. announced that they are soliciting consents from the holders of the 11.625% Notes due 2014 issued by JBS USA Holdings, Inc. and JBS USA Finance, Inc. of which $700.0 million in aggregate principal amount is outstanding, the 10.50% Notes due 2016 issued by JBS and JBS Finance Ltd., of which $300.0 million in aggregate principal amount is outstanding, and the 10.25% Notes due 2016 issued by JBS of which $350.0 million in aggregate principal amount is outstanding, to certain proposed amendments to the indentures governing each series of Notes. Each of the proposed amendments amend the restricted payments covenant to permit restricted payments to be made with the equity interests and/or assets of any non-essential subsidiaries of JBS, provided that such restricted payments will not exceed 2% of JBS' total consolidated revenues. As a result, the Proposed Amendments will permit restricted payments to be made with all of the equity interests of Vigor Alimentos S.A., a wholly-owned subsidiary of JBS, including in connection with JBS' planned voluntary, public tender offer directed at all shareholders of JBS for the exchange of common shares issued by JBS for common shares issued by Vigor. Each of the 8.25% Notes due 2018 issued by JBS Finance II Ltd., the 8.250% Senior Notes due 2020 issued by the JBS USA Issuers and the 7.250% Senior Notes due 2021 issued by the JBS USA Issuers contain an identical exception in the restricted payments covenant to permit such restricted payments. The Proposed Amendments with respect to the 10.25% Notes and the 10.50% Notes also amend the transactions with affiliates covenant so that such covenant does not restrict any restricted payment permitted pursuant to the restricted payments covenant.

JBS S.A. named Denilson Molina as CFO of JBS USA Finance, Inc. Denilson joined the group in 2011 having worked for over 18 years for the Banco do Brasil, occupying various leadership positions. He will report directly to Don Jackson, CEO of JBS USA.