NOTICE TO THE MARKET

JBS UPGRADED BY S&P TO BB

STABLE OUTLOOK

JBS S.A. (the "Company" or "JBS" - B3: JBSS3; OTCQX: JBSAY) in accordance with the terms of CVM Instruction No. 358, dated January 3, 2002, as amended, communicates to its shareholders and to the market in general that the rating agency Standard & Poor´s ("S&P") upgraded JBS S.A. ("JBS") credit ratings to BB from BB-, with a stable outlook.

According to S&P's report, the upgrade "reflects JBS's resilient cash flows and ability to quickly deleverage in 2019."

São Paulo, October 30, 2019.

Guilherme Perboyre Cavalcanti

Investor Relations Officer

Attachments

Disclaimer

JBS SA published this content on 30 October 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 October 2019 21:31:10 UTC