| Shareholders | Number of Shares | % |
|---|---|---|
| Controlling Group (J&F Investimentos S.A and JBS Participações S.A.) | 1,075,419,898 | 48.48% |
| Treasury | 0 | 0.00% |
| Free Float | 1,142,696,472 | 51.52% |
| BNDES Participações S.A (BNDESPAR) | 461,661,101 | 20.81% |
| Capital Research | 112,413,766 | 5.07% |
| Other Minority Shareholders | 568,621,605 | 25.64% |
| Total | 2,218,116,370 | 100.00% |
