The following table sets forth the principal holders of Minerva outstanding common shares and their respective shareholdings.

Shareholders	Shares	%
SALIC (UK) Limited	185,536,600	30.55%
VDQ Holdings S.A. (1)	135,801,295	22.36%
Minerva S.A.	23,053,200	3.80%
Others (free float)	262,892,312	43.29%
Total	607,283,407	100.00%

⁽¹⁾ The ownership of VDQ Holdings by the Vilela de Queiroz Family is as follows: EQMG Participações S.A., 44.0%; Isabel Cristina de Alcântara Queiroz, 13,75%; Marcelo Ancântara de Queiroz, 1,53%;  Beatriz Queiroz Lemann, 1,53%; Frederico Alcântara de Queiroz, 1,53%;  Antonella Martina de Queiroz, 2,62%; Ibar Villeta de Quiroz, 15%; TARM Holdings LTDA, 5%; IQMV Holdings Ltda, 5%; IZQV Holdings Ltda, 5%; EDQV Holdings Ltda, 5%.