Marfrig Global Foods S.A., Marfrig Holdings (Europe) B.V., Marfrig Overseas Limited, BB Securities Limited, Banco Bradesco BBI S.A., Banco BTG Pactual S.A., HSBC Securities (USA) Inc., Nomura Securities International Inc. and Santander Investment Securities Inc. announced the settlement of the previously announced offers by the Purchaser to purchase for cash from each registered holder any and all of the outstanding (i) 8.375% Senior Notes due 2018 (the "2018 Notes") issued on May 9, 2011, and (ii) 6.875% Senior Notes due 2019 issued on June 24, 2014 pursuant to the offer to purchase dated January 5, 2018 and the related letter of transmittal and notice of guaranteed delivery. The Offers expired on January 17, 2018. At the Expiration Date, valid tenders had been received with respect to USD 125,204,000 of the USD 215,841,000 aggregate principal amount of the outstanding 2018 Notes and USD 151,891,000 of the USD 660,336,000 aggregate principal amount of the outstanding 2019 Notes. These amounts exclude USD 2,050,000 aggregate principal amount of Notes tendered pursuant to the guaranteed delivery procedures described in the Offer Documents, which are expected to be settled on January 22, 2018. Holders who validly tendered and did not validly withdraw 2018 Notes at or before the Expiration Date were entitled to receive USD 1,020 per USD 1,000 principal amount of the 2018 Notes. Holders who validly tendered and did not validly withdraw 2019 Notes at or before the Expiration Date were entitled to receive USD 1,030 per USD 1,000 principal amount of the 2019 Notes. The 2018 Purchase Price and 2019 Purchase Price were paid on January 19, 2018, the second business day after the Expiration Date. The settlement date in respect of Notes with respect to which a properly completed and duly executed Notice of Guaranteed Delivery is delivered at or prior to the Expiration Date that are accepted by the Purchaser for purchase in the Offers is expected to be January 22, 2018, the third business day following the Expiration Date, but which may change without notice.