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Minerva issues US$ 250 million in Notes on the international market

NOTICE TO THE MARKET

Barretos, São Paulo, January 22, 2010 − Minerva S.A. (the “Company”), one of the leading Brazilian producers and sellers of beef and leather, and one of the leading Brazilian exporters of live cattle, announces to its shareholders and the market that it has entered into an agreement to issue in the international market, through its wholly-owned subsidiary Minerva Overseas II Ltda. (the “Issuer”), notes in the aggregate principal amount of US$250 million due in November 2019.

The Issuer will pay interest on the notes at a rate of 10.875% per annum, beginning in May 2010. The Company will jointly and severally guarantee all of the Issuer’s obligations under the notes.

The Company will use the proceeds from the notes to strengthen its capital structure through the amortization of certain of its short and medium-term debt, in accordance with its strategy to reduce the cost and extend the maturity of its outstanding indebtedness.

The notes have not been registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold in the United States absent registration under the Securities Act or an applicable exemption from registration requirements.

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Phone : +55 (11) 3074-2444
E-mail: ri@minerva.com.br

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