Marfrig Global Foods S A : BDM - Buyback Program

MARFRIG GLOBAL FOODS S.A.

(Taxpayer Id Number) CNPJ 03.853.896/0001-40

(Company Registration Id Number) NIRE 35.300.341.031

Open Capital Company

MINUTES OF THE BOARD OF DIRECTORS' MEETING

HELD ON AUGUST 10, 2021

Place, date and time: Meeting of the Board of Directors of Marfrig Global Foods SA, a Sao Paulo company located at Avenida Queiroz Filho No. 1560, Bloco 5, Torre Sabiá, 3rd floor, Room 301, Vila Hamburguesa, Zip Code CEP 05319-000, City and State of Sao Paulo, held on August 10, 2021, at 6:45 pm.

Call and attendance: The call was waived considering a live stream conference of all the Company's Directors, Messrs. Marcos Antonio Molina dos Santos - Chairman of the Board of Directors, Alain Emilie Henry Martinet, Antonio dos Santos Maciel Neto, Herculano Aníbal Alves, Marcia Aparecida Pascoal Marçal dos Santos, Roberto Silva Waack and Rodrigo Marçal Filho.

Board: Chairman: Mr. Marcos Antonio Molina dos Santos; Secretary: Mr. Heraldo Geres.

Agenda: Resolutions on: 1) Release of the Share Repurchase Plan;

Decisions: After examining and discussing the matters on the agenda, the members of the Company's Board of Directors 1) approved, unanimously, a Share Repurchase Plan for the acquisition in one or more transactions of up to 26,342,240 (twenty-six million, three hundred and forty-two, two hundred and forty) common, book-entry and without par value nominative shares issued by the Company, for acquisition under the following terms and conditions ("Repurchase Plan"): (i) Purpose: The purpose of the Company's Repurchase Plan is to maximize the generation of value for shareholders, through an efficient capital structure management and use of the available capital reserves in the acquisition of shares on the stock exchange, at market prices, either for holding in treasury, cancellation or subsequent sale of shares in the market or their possible stock option allocation under the Stock Option Plan or direct granting of the Company shares without reducing the share capital, as provided for in article 30 paragraph 1 of the Brazilian Corporate Law and ICVM 567/15 rules. (ii) Outstanding shares: Pursuant to art. 62 of ICVM 480/09, there are on this date 334,496,423 (three hundred and thirty-four million, four hundred and ninety-six thousand, four hundred and twenty-three) common, registered, book-entry outstanding shares with no par value

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issued by the Company, excluding treasury shares ("Outstanding Shares"). (iii) Number of shares to be acquired: Considering the number of Outstanding Shares and the balance of available funds, the Company may, at its sole discretion under this Repurchase Plan, as provided for in art. 8 of ICVM 567/15, to acquire up to 26,342,240 (twenty-six million, three hundred and forty-two, two hundred and forty) shares, corresponding to 3.81% (three point eighty-one per cent) of the total shares issued by the Company and 7.87% (seven point eighty-seven per cent) of Outstanding Shares. It is stated that the number of shares was calculated considering the amounts of capital reserves, profit reserves and available resources reflected on the Quarterly Information related to the 2º Quarter of 202, in accordance with the Clause 30 of the Brazilian Corporate Law and the ICVM nº 567/15; (iv) Acquisition price and method: The acquisition operations will be carried out at "B3 S.A. - Brasil, Bolsa, Balcão" (B3), at market price, and the Company's Executive Management will decide the time and number of shares to be acquired in a single or more operations as provided for in the applicable regulations. (v) Term of the Share Repurchase Plan: The deadline for carrying out acquisitions is 18 months, commencing on August 11, 2021 and ending on February 11, 2023. (vi) Intermediary financial institution: The Company's share acquisition will be carried out at market price through the following broker: "Credit Suisse (Brasil) S.A. Corretora de Títulos e Valores Mobiliários", headquartered at Rua Leopoldo Couto de Magalhães Jr. No. 700, 10º andar (parte), 12º-14º andar (partes), Sao Paulo/SP, CEP 04542-000, taxpayer id number CNPJ/MF 42.584.318/0001-07;(vii) Available funds: Transactions under the Repurchase Plan will be supported by the capital reserve and available profit reserve balances, according to ICVM 567/15. (viii) Verification of available funds: The existence of available funds to support the share acquisition operations shall be verified on the most recent annual, interim or quarterly financial statements disclosed by the Company before the effective ownership transfer to the Company of the shares issued by it.

1. Disposal of shares under the Company's stock option plan: The Board of Directors may decide to use the shares acquired under this Repurchase Plan for stock options under the Stock Option Plan or direct granting of the Company's shares. (x) Disposal or cancellation of excess shares: The Company shall cancel or dispose of the shares that exceed the balance of available funds, as provided in ICVM 567/15, within six (6) months from the disclosure of the annual and interim financial statements or quarterly financial information in which the excess is reckoned. Finally, the board members state that when approving the Share Repurchase Plan, the Board of Directors took steps, examined and concluded that on this date: (a) the Company's financial situation is compatible with the settlement of acquisitions when they mature without affecting the fulfillment of obligations with creditors or the payment of mandatory dividends; and (b) during the remaining period of the fiscal year, there are no foreseeable facts that may cause significant changes in the amount of funds to carry out the Share Repurchase Plan. Notice on the Trading of Own

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Shares prepared according to ICVM 480/09 Exhibit 30-XXXVI, whose terms are now approved by this Board, is attached as an appendix to these minutes (Appendix I). Closing: There being no further business to discuss, these minutes were drawn up, which, after being read and approved, were signed by all attending Directors. Signatures: Board: Chairman: Marcos Antonio Molina dos Santos; Secretary: Heraldo Geres. Members of the Board of Directors: Marcos Antonio Molina dos Santos - Chairman of the Board of Directors, Alain Emilie Henry Martinet, Antonio dos Santos Maciel Neto, Herculano Aníbal Alves, Marcia Aparecida Pascoal Marçal dos Santos, Roberto Silva Waack and Rodrigo Marçal Filho.

I certify that this is a true copy of the minutes drawn up in the proper book.

São Paulo, August 10, 2021

__________________________________

Heraldo Geres

Secretary

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APPENDIX I

MINUTES OF THE BOARD OF DIRECTORS' MEETING

HELD ON AUGUST 10, 2021

Notice on Trading of Own Shares

Marfrig Global Foods SA (the "Company" or "Marfrig") presents below the information provided for in Exhibit 30-XXXVI of ICVM 480/09 et seq., regarding the trading of own shares.

1. Justify in detail the purpose and foreseen economic effects of the operation: The purpose of the Company's Repurchase Plan is to maximize the generation of

value for shareholders, through an efficient capital structure management and use of the available capital reserves in the acquisition of shares on the stock exchange, at market prices, either for holding in treasury, cancellation or subsequent sale of shares in the market or their possible stock option allocation under the Stock Option Plan or direct granting of the Company shares without reducing the share capital, as provided for in article 30 paragraph 1 of the Brazilian Corporate Law and ICVM 567/15 rules;

1. Inform the number of shares (i) outstanding and (ii) held in treasury:
2. 1. The number of shares outstanding in the market, pursuant to art. 62 of ICVM 480/09, is 334,496,423 (three hundred and thirty-four million, four hundred and ninety-six thousand, four hundred and twenty-three) common, registered, book-entry with no par value outstanding shares issued by the Company; and (ii) there are 7,026,085 (seven million twenty-six thousand and eighty-five) shares issued by the Company held in treasury.
3. Inform the number of shares that may be acquired or disposed:
4. 
   Considering the number of Outstanding Shares, the Company may, at its sole

discretion under this Repurchase Plan, as provided for in art. 8 of ICVM 567/15, to acquire in a single or more operations up to 26,342,240 (twenty-six million, three hundred and forty-two, two hundred and forty) shares, corresponding to 3.81% (three point eighty-one per cent) of the total shares issued by the Company and 7.87% (seven point eighty-seven per cent) of Outstanding Shares.

1. Describe the main characteristics of the derivative instruments that the company will use, if any:
   Not applicable, as the Company will not use derivative instruments under the Repurchase Plan.
2. Describe any agreements or voting guidelines existing between the company and the operations counterparty, if any:
   Not applicable, as the repurchase will be carried out at B3 S.A. - Brasil, Bolsa, Balcão, not being aware of the transaction counterparties.
3. In the event of transactions carried out outside organized securities markets, inform:
   Not applicable since the acquisition will be carried out at B3 S.A. - Brasil, Bolsa, Balcão, at market price.

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1. 1. the maximum (minimum) price at which the shares will be acquired (disposed); and
      Not applicable since the acquisition will be carried out at B3 S.A. - Brasil, Bolsa, Balcão, at market price.
   2. if applicable, the rationale for the operation at acquisition prices higher than then percent (10%), or disposal lower than ten percent (10%), of the quotation average weighted by volume in the ten (10) previous trading sessions; Not applicable since the acquisition will be carried out at B3 S.A. - Brasil, Bolsa,
      Balcão, at market price.
2. Inform the negotiation effects, if any, on the company's shareholding control or the administrative organization:
3. 
   There will be no effect.
4. Identify the counterparties, if known, and in the event of a related party, as defined by the accounting rules on this matter, provide the information required by art.

1. of CVM Instruction No. 481 of December 17, 2009:

Not applicable, as the repurchase will be carried out at B3 S.A. - Brasil, Bolsa, Balcão, not being aware of the transaction counterparties.

1. Specify the allocation of earned funds, if applicable:
2. 
   The Company will not earn funds since the acquired shares will be held in treasury to

comply with the stock option plans or direct granting of the Company's shares, for subsequent disposal in public or private operations (subject to the relevant approvals) or even canceled.

10. Specify the deadline for the settlement of authorized operations:

The deadline for carrying out acquisitions is 18 months, commencing on August 11, 2021 and ending on February 11, 2023.

11. Identify the intermediary institutions, if any:

Credit Suisse (Brasil) S.A. Corretora de Títulos e Valores Mobiliários, headquartered

at Rua Leopoldo Couto de Magalhães Jr. No. 700, 10º andar (parte), 12º-14º andar (partes), Sao Paulo/SP, CEP 04542-000, taxpayer id number CNPJ/MF 42.584.318/0001-07.

1. Specify the funds available for use according to art. 7, §1 of CVM Instruction No.

1. of September 17, 2015.
   Funds available from the existent Capital Reserve and Profit Reserve, and use of part of 2nd Quarter 2021 profits as an additional basis for the Repurchase Plan, were based on the Quarterly Information for the year ended June 30, 2021, calculated according to ICVM 567/15, in the amount of BRL 633,230,643 (six hundred and thirty-three million, two hundred and thirty thousand, six hundred and forty-three Brazilian reals).

1. Specify the reasons why the members of the board of directors feel comfortable that the repurchase of shares will not affect the fulfillment of obligations with creditors or the payment of mandatory, fixed or minimum dividends.
   The Board of Directors decided that the Repurchase Plan would contemplate the acquisition of up to 26,342,240 (twenty-six million, three hundred and forty-two, two hundred and forty) shares, corresponding to 3.81% (three point eighty-one per cent) of the total shares

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