Minerva Beef

completed

The proposed Project with Minerva S.A. (“Minerva” or “the Company”), the third largest meat processor in Brazil, will support the implementation of a regional expansion program and address the environmental and social impacts of cattle ranching in Brazil. The proposed investment consists of an A-Loan and/or Equity investment. The Company is undertaking an investment plan over the next four years to: (i) expand the processing and slaughtering operations in South America, more specifically in Brazil, Uruguay and Paraguay; (ii) potentially develop a slaughtering plant in Colombia; (iii) construct, acquire and/or lease six distribution centers across Brazil; and (iv) expand the processing capacity of the Minerva Dawn Farms plant in Brazil (the “Project”).