JBS S A : CANCELLATION OF SHARES HELD IN TREASURY

MATERIAL FACT

CANCELLATION OF SHARES HELD IN TREASURY

JBS S.A. ("JBS" - B3: JBSS3; OTCQX: JBSAY), informs to its shareholders and the market in general that, in accordance with the terms of article 30, §1º, "b", of the Law nº 6.404/76, the Brazilian Securities and Exchange Commission Instruction no. 358/02 and Instruction no. 567/15, its Board of Directors, in a meeting held on this date, approved the cancellation of all shares held in treasury on this date in the amount of 112,237,876 (one hundred and twelve million, two hundred and thirty-seven thousand, eight hundred and seventy-six) common shares issued by the Company, without par value and not reducing the Company's capital stock.

As a result of this decision of the JBS' Board of Directors, the Company's capital stock is now divided into 2,511,135,770 (two billion, five hundred and eleven million, one hundred and thirty-five thousand seven hundred and seventy) ordinary common shares, all nominative, book-entry and without par value. Therefore, article 5 of the Company's bylaws regarding the capital stock of JBS will be adjusted in an Ordinary and Extraordinary Shareholders Meeting to be held in April 28, 2021. JBS management highlights that the current share buyback program remains valid, respecting the limit of 10% of the free float, pursuant to article 8º of CVM Instruction 567/15.

São Paulo, March 24, 2021

Guilherme Perboyre Cavalcanti

Investor Relations Officer