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Minerva Records Year-To-Date Export Growth Of 52%, Above The Sector Average

MINERVA RECORDS YEAR-TO-DATE EXPORT GROWTH OF 52%, ABOVE THE SECTOR AVERAGE

Barretos, October 31, 2008 - Minerva S.A. (BOVESPA: BEEF3; Bloomberg: BEEF3.BZ; Reuters: BEEF3.SA), one of the market leaders in Brazil in the production and sale of beef products, leather and live cattle exports, hereby informs its shareholders and the general market that the export figures for the first nine months of 2008 recently released by SECEX (Brazil’s Department of Foreign Trade) show that Minerva’s total export sales in the same period increased by 51.7% year-on-year, reaching US$ 581.3 million.

The growth recorded by Minerva, which is ranked among Brazil’s top 40 exporters and in third place among meatpacking firms, was above the sector average and represents an acceleration over the 43.3% year-on-year upturn recorded in the first half.

“This strong export base gives the Company additional financial security given the recent hefty appreciation of the dollar,” explains Minerva’s CEO, Fernando Galletti de Queiroz. “The positive results underline the correctness of our diversification and new market consolidation strategy which we have been applying for some time, mainly within emerging markets such as the Middle East and Asia,” he concludes.

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