MINUTES OF THE BOARD OF DIRECTORS’ MEETING HELD ON MARCH 24, 2021 AT 10:00 A.M.

JBS S.A.

Corporate Taxpayer's ID (CNPJ/ME): 02.916.265/0001-60

Company Registry (NIRE): 35.300.330.587 Authorized Capital Publicly Held Company

EXCERPT OF THE MINUTES OF THE BOARD OF DIRECTORS' MEETING

HELD ON MARCH 24, 2021 AT 10:00 A.M.

Date, Time and Place: The meeting of the Board of Directors of JBS S.A. ("Company") was held on March 24, 2021, at 10:00 a.m., at the Company's headquarters, at Avenida Marginal Direita do Tietê, 500, Bloco I, 3º Andar, Vila Jaguara, CEP 05118-100, in the city and state of São Paulo, via conference call.

Call notice: The call notice was sent via e-mail to all members of the Board of Directors, pursuant to article 18 of the Company's Bylaws.

Attendance: The necessary quorum for the Board of Directors' Meeting was verified, given the presence of all the members of the Board of Directors, pursuant to articles 15 and 18 of its Bylaws, namely: Jeremiah O'Callaghan (Chairman), José Batista Sobrinho (Vice-Chairman), Wesley Mendonça Batista Filho, Aguinaldo Gomes Ramos Filho, Gilberto Meirelles Xandó Baptista, Alba Pettengill, José Guimarães Monforte, Márcio Guedes Pereira Júnior and Gelson Luiz Merisio.

Mr. Guilherme Perboyre Cavalcanti, Chief Financial and Investor Relations Officer, and Mr. Daniel Pitta, the Company's Chief Legal Officer.

Presiding: Jeremiah O'Callaghan, Chairman; and Milena Hitomi Yanagisawa, Secretary.

Agenda: (i) discussion and resolution on the cancellation of treasury shares without reducing the

Company's share capital.

Discussions and Resolutions:

(i) Mr. Daniel Pitta presented the immediate effects and the rationale for the cancellation of the balance of the Company's shares held in treasury. The Board members discussed the information presented and asked questions, all of which were duly clarified. Based on the analysis and discussions, the Board members unanimously approved the cancellation of the balance of the shares currently held in treasury, in the total amount of one hundred and twelve million, two hundred and thirty-seven thousand, eight hundred and seventy-six (112,237,876) common shares with no par value issued by the Company, without reducing its Share Capital.

In view of the cancellation of the shares resolved hereto, the Company's share capital is now divided into two billion, five hundred and eleven million, one hundred and thirty-five thousand, seven hundred and seventy (2,511,135,770) registered, book-entry common shares with no par

value. Accordingly, article 5 of the Company's Bylaws that addresses the Company's share capital shall be adjusted at the Annual and Extraordinary Shareholders' Meeting to be held on April 28,

2021. Mr. Daniel Pitta emphasized that the share buyback plan continues in effect, respecting the limits set forth in CVM Instruction 567/15.

The Executive Officers and/or attorneys-in-fact of the Company are hereby authorized to take all and any measures, perform the acts and sign all documents necessary to implement the aforementioned resolved and approved item, as well as ratify all acts already performed by the Officers and/or attorneys-in-fact in this regard.

Minutes in Summary Form: The Board of Directors approved the drawing up of these minutes in summary form and their publication omitting the signatures, pursuant to paragraphs 1 and 2 of Article 130 of Brazilian Corporate Law.

Closure: There being no further business to discuss, the Chairman offered the floor to anyone who intended to speak and, as no one did, the meeting was adjourned for the time necessary to draw up these minutes, which were then read, approved and signed by all attendees.

Attending Members: Jeremiah O'Callaghan (Chairman), José Batista Sobrinho (Vice-

Chairman), Wesley Mendonça Batista Filho, Aguinaldo Gomes Ramos Filho, Gilberto Meirelles Xandó Baptista, Alba Pettengill, José Guimarães Monforte, Márcio Guedes Pereira Júnior and Gelson Luiz Merisio. Presiding: Jeremiah O'Callaghan, Chairman; Milena Hitomi Yanagisawa, Secretary.

This is a free English translation of the Minutes of the Board of Directors' Meeting drawn up in the Company's book.

São Paulo, March 24, 2021.

Milena Hitomi Yanagisawa

Secretary