| Shareholders | Number of Shares | % |
|---|---|---|
| Controlling Group (J&F Investimentos S.A and Formosa) | 1,083,129,898 | 48.83% |
| Treasury | 0 | 0.00% |
| Free Float | 1,134,986,472 | 51.17% |
| BNDES Participações S.A (BNDESPAR) | 461,661,101 | 20.81% |
| Other Minority Stockholders | 673,325,371 | 30.36% |
| Total | 2,218,116,370 | 100.00% |
