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NOTICE TO THE MARKET JBS S.A. upgraded by Fitch Rating to BB+


JBS S.A. (BM&FBOVESPA: JBSS3, OTCQX: JBSAY, 'JBS' or'Company') communicatesto its shareholders and to the Market in general that Fitch Ratings ('Fitch'), arating agency, upgraded JBS S.A. fromBB to BB+, with stable outlook.


According to the Fitch report, 'The upgrade reflects JBS S.A.'s strong products and geographical diversification, as well as the successfulintegration of several acquired businesses overthe past few years. It also factors in the strengthening of its business profile due to the recent acquisitions in the U.S., Europe and Australia. (….) Further, Fitch expects the company to report strong performance in all of its divisions in 2015 and 2016.'

The report also emphasized that 'JBS S.A.'s ratings are supported by its strong business profile as the world's largest beef and leatherproducerand its overallproduct diversification into poultry, beef, pork and to prepared foods.'

This upgrade underlines the Company's commitment to operational excellence, freecash flow generation, financial discipline and value creation to its shareholders.


São Paulo, September 30, 2015 Jeremiah O'Callaghan Investor Relations Officer
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