Marfrig Global Foods : Minutes of the Board of Directors Meeting

MARFRIG GLOBAL FOODS S.A. Corporate Taxpayer ID (CNPJ/MF): 03.853.896/0001-40 State Registration (NIRE): 35.300.341.031 Publicly Held Company MINUTES OF THE BOARD OF DIRECTORS MEETING HELD ON JUNE 23, 2017 Date, Time and Place: Meeting of the Board of Directors of Marfrig Global Foods S.A. ("Company"), located at Avenida Queiroz Filho, nº 1.560, Bloco 5, Torre Sabiá, 3º andar, Sala 301, Vila Hamburguesa, CEP 05319-000, in the city and state of São Paulo, held on June 23, 2017, at 14:00 p.m, via conference call. Call Notice and Attendance: The call notice was duly sent to all Directors of the Company. The meeting was attended by Messrs. Marcos Antonio Molina dos Santos - Chairman of the Board of Directors Marcia Aparecida Pascoal Marçal dos Santos, Rodrigo Marçal Filho, Alain Emilie Henry Martinet, Ian David Hill, Antonio dos Santos Maciel Neto, Marcelo Maia de Azevedo Correa, Carlos Geraldo Langoni, Roberto Faldini, David G. McDonald and Ernesto Lozardo. Heraldo Geres, Chief Legal and Human Resources Officer of the Company, and Ricardo Prado M. de Carvalho, attorney for Lefosse Advogados were also present. Presiding Board: Chairman: Mr. Marcos Antonio Molina dos Santos; Secretary: Mr. Heraldo Geres. Agenda: 1) To take notice of the Instrument of Resignation submitted by a Director; 2) To consider and vote on the procedure to be followed in light of the vacancy on the Board of Directors; and 3) Consider and vote on the Proposal by BM&FBovespa (B3) for the new Base-Regulations of the Novo Mercado Listing Segment and Specific Rules. Decisions: The members of the Corporation's Board of Directors: 1) Took notice of the Instrument of Resignation submitted on this date by director David G. McDonald, a U.S. citizen, married, business administrator, bearer of United States Passport No. 027668992, enrolled with the Individual Taxpayers' Registry of the Brazilian Ministry of Finance under CPF/MF No. 233.461.648-61 (Appendix I), and took the opportunity to thank him for his services. Considering the Instrument of Resignation submitted to the Board, the Directors thereafter, and in strict compliance with Paragraph 2, Article 17 of the Bylaws, decided: 2) To leave the position of the resigning director vacant until the Annual Shareholders Meeting to be held in 2019, which will consider and vote, among other matters, on the election of the

Board of Directors of the Company. The choice of leaving the position of director vacant is possible as it observes the requirement to have at least seven (7) members on the Board of Directors, pursuant to Article 16 of the Bylaws and the Shareholders' Agreement filed at the Company's headquarters. With the resignation presented herein, the Board of Directors will be composed of ten (10) sitting members. Immediately thereafter, 3) By invitation of the Presiding Board, Ricardo Prado M. de Carvalho, attorney for Lefosse Advogados, conducted a explanation of the key aspects of the changes introduced to the rules for companies listed in the Novo Mercado segment of B3. After all clarifications were provided, the Board vote the Proposal by BM&FBOVESPA (B3) for the new Base-Regulation of the Novo Mercado Listing Segment and Specific Rules related to the Evolution of Special Listing Segments.

Closure: There being no further matters to address, these Minutes were drawn up, read, approved and signed by all Directors in attendance. Signatures: Presiding Board: Chairman: Mr. Marcos Antonio Molina dos Santos; Secretary: Mr. Heraldo Geres. Directors in attendance: Messrs. Marcos Antonio Molina dos Santos - Chairman of the Board, Marcia Aparecida Pascoal Marçal dos Santos, Rodrigo Marçal Filho, Alain Emilie Henry Martinet, Ian David Hill, Antonio dos Santos Maciel Neto, Marcelo Maia de Azevedo Correa, Carlos Geraldo Langoni, Roberto Faldini, David G. McDonald and Ernesto Lozardo.

I certify that this is a true copy of the original minutes drawn up in the records of the Company.

São Paulo, June 23, 2017.

Heraldo Geres

Secretary