Minerva : Notice to the Market - Acquisition of Shareholding BNP Paribas

Minerva S.A. ("Minerva" or "Company"), one of the leaders in South America in the production and sale of fresh beef, live cattle and cattle byproducts, with operations also in the beef, pork and poultry processing segments, in compliance with Article

12 of CVM Instruction 358 of January 3, 2002, as amended ("ICVM 358/02"), informs its shareholders and the market in general that BNP Paribas Asset Management Brasil Ltda, in the quality of manager of many investment funds and accounts, sent to the Company, in compliance with article 12 of CVM Instruction 358/2002, a letter informing the acquisition of a relevant interest in the Company, as presented in Exhibit II attached to this notice. The Exhibit I submits a full transcription of the letter.

Barretos, November 06, 2017.

São Paulo, November 6, 2017.

To

MINERVA S.A.

Rua Leopoldo Couto de Magalhães Júnior, 758 - 8º andar - Conjunto 82 - Itaim Bibi

CEP 04542-000 - São Paulo - SP

C/O: Eduardo Puzziello - Investors Relations Officer

Ref.: Acquisition of Relevant Interest

Dear Sirs,

BNP PARIBAS ASSET MANAGEMENT BRASIL LTDA., headquartered at Av. Presidente Juscelino Kubitscheck, nº 510, 14º andar, in the city and state of São Paulo, inscribed in the roll of corporate taxpayers (CNPJ/MF) under number 02.562.663/0001-25 ("MANAGER"), duly authorized to provide securities' portfolio management services in accordance with CVM Declaratory Act no. 5,032, of September 3, 1998, hereby declares that:

1. On November 3, 2017, the investment funds managed by said institution reached the combined shareholding interest of eleven million, five hundred ninety-six thousand, seven hundred and sixty-two (11,596,762) common shares issued by MINERVA S.A. ("Company"), corresponding to approximately five point zero five percent (5.05%) of the Company's common shares;

2. The increase in the investment funds' i nter est has the sol e purp o se of carrying out financial operations and does not intend to alter the Company's control or administrative structure. and

3. The investment funds do not intent to hold any interest in particular.

There being no further matters to add, we hereby subscribe this document.

Sincerely,

BNP PARIBAS ASSET MANAGEMENT BRASIL LTDA.