Tranche Update on BRF S.A.'s Equity Buyback Plan announced on October 30, 2015.

From October 29, 2015 to January 11, 2016, the company has repurchased 23,000,000 shares, representing 2.77% for BRL 1,311.92 million. With this, the company has completed the repurchase of 23,000,000 shares, representing 2.77% for BRL 1,311.92 million under the buyback announced on October 30, 2015.