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Vigor - Exchange Offer Deadline
JBS S.A.
Corporate Taxpayers' ID (CNPJ/MF): No. 02.916.265/0001-60
Company Registry (NIRE): 35.300.330.587
Publicly-Held Company
Vigor Alimentos S.A.
Corporate Taxpayers' ID (CNPJ/MF): No. 13.324.184/0001-97
Company Registry (NIRE): 35.300.391.047
Publicly-Held Company
NOTICE TO THE MARKET
JBS S.A. ("JBS") and Vigor Alimentos S.A. ("Vigor"), in the context of the Voluntary Public Tender Offer for the Acquisition of Common Shares
Issued by JBS Through the Exchange of Common Shares Issued by Vigor (Oferta Pública Voluntária de Aquisição de Ações Ordinárias de
Emissão da JBS Mediante Permuta por Ações Ordinárias de Emissão da Vigor) (the "Exchange Offer") being conducted by JBS, hereby clarify
and reiterate to their shareholders and to the market in general that, under the terms of the notice of the Exchange Offer disclosed on May 18,
2012 (the "Offer Notice"), the deadline for JBS shareholders to qualify for the Exchange Offer is 6:00 p.m. (Brasília time) on June 15, 2012. JBS
shareholders also have until such date to transfer their JBS common shares subject of the Exchange Offer to Portfolio Account 7105-6 opened
in their names and maintained by the Central Depositary of the BM&FBOVESPA S.A. ­ Bolsa de Valores, Mercadorias e Futuros (Central
Depositária of BM&FBOVESPA S.A. ­ Bolsa de Valores, Mercadorias e Futuros) exclusively for the purpose of the Exchange Offer. As a result,
qualification forms received after June 15, 2012 and transfers of JBS shares to the portfolio account 7105-6 occurring after such date will be
disregarded.
JBS and Vigor will keep the market informed about the Exchange Offer.
São Paulo, June 6, 2012.
Jeremiah O'Callaghan
JBS's Investor Relations Officer
Gilberto Meirelles Xandó Baptista
Vigor's Investor Relations Officer
Additional Information for U.S. Shareholders of JBS:
Exchange Offer of JBS Shares for Vigor Shares
This communication contains information with respect to the proposed Exchange Offer under Brazilian law of JBS shares for Vigor shares. JBS
and Vigor are Brazilian companies. Information distributed in connection with the proposed Exchange Offer is subject to Brazilian disclosure
requirements that are different from those of the United States. Financial statements included herein, if any, have been prepared in accordance
with International Financial Reporting Standards issued by the International Accounting Standards Board and accounting practices in Brazil that
may not be comparable to the financial statements of United States companies.
It may be difficult for you to enforce your rights and any claim you may have arising under the U.S. federal securities laws in respect of the
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JBS S.A. © 2009 Todos os direitos reservados
proposed Exchange Offer, since the companies are located in Brazil and all of their officers and directors are residents of Brazil. You may not be
able to sue the companies or their officers or directors in a Brazilian court for violations of the U.S. securities laws. Finally, it may be difficult to
compel the companies and their affiliates to subject themselves to a U.S. court's judgment.
You should be aware that the companies may purchase shares of the companies otherwise than through the proposed Exchange Offer, such
as in open market or privately negotiated purchases.
Important Notice Regarding Forward-Looking Statements:
This Notice to the Market contains certain forward-looking statements. Statements that are not historical facts, including statements about our
perspectives and expectations, are forward looking statements. The words "expect", "believe", "estimate", "intend", "will", "plan" and similar
expressions, when related to JBS and its subsidiaries, indicate forward-looking statements. These statements reflect the current view of
management and are subject to various risks and uncertainties. These statements are based on various assumptions and factors, including
general economic, market, industry, and operational factors. Any changes to these assumptions or factors may lead to practical results different
from current expectations. Excessive reliance should not be placed on those statements. Forward-looking statements relate only to the date they
were made.