MARFRIG GLOBAL FOODS S.A.

Publicly Held Company

Corporate Taxpayer ID (CNPJ/MF): 03.853.896/0001-40 (BM&FBovespa: MRFG3)

NOTICE TO THE MARKET

São Paulo, January 26, 2017 - Marfrig Global Foods S,A,. ((BM&FBovespa: MRFG3 and ADR level: MRTTY - "Company" or "Marfrig"), in compliance with Instruction 358 issued by the Securities and Exchange Commission of Brazil ("CVM") on January 3, 2002, hereby announces to its shareholders and the market that, due to the final maturity of the convertible debentures on January 25, 2017, in accordance with clause III.9.1 of the Private Indenture of the 5th Issue of Convertible Debentures of Marfrig Global Foods S.A., signed on January 22, 2014 by the Company and Planner Trustee DTVM S.A. ("Trustee"), later amended on February 12, 2014 ("Indenture"), the 214,955 debentures ("Debentures") are being converted into 99,979,068 common shares issued by the Company ("Shares").

On this date, the Meeting of the Board of Directors of the Company resolved to increase the Company's capital, within the authorized capital, due to the mandatory conversion of the Debentures, as mentioned above.

In accordance with clause III.15.4, the Company will deposit the Shares at the depositary institution in up to six (6) business days from this date, that is, by February 3, 2017, to be delivered to the Debentureholders. Also within this period, the respective amount corresponding to share fractions resulting from the conversion of Debentures, calculated in accordance with the Indenture, will be credited to Debentureholders, in legal tender. The price per share to be considered for payment of share fractions is R$21.50.

The shares in this issue will have the same characteristics, rights and features of the existing common shares, as provided in the bylaws including full rights to dividends and other cash distributions that are declared in the future.

Since this is a conversion of debentures, the shareholders of the Company are not entitled to preemptive rights at this time, pursuant to article 171, paragraph 3 of Federal Law 6,404 of December 15, 1976.

José Eduardo de Oliveira Miron

Chief Financial and Investor Relations Officer

Marfrig Global Foods S.A.

Marfrig Global Foods SA published this content on 26 January 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 26 January 2017 11:25:01 UTC.

Original documenthttp://ir.marfrig.com.br/EN/Documentos/4167_Notice to the market 26.01.2017.pdf

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