JBS S.A. Corporate Taxpayers ID (CNPJ/MF): 02.916.265/0001-60 Company Registry (NIRE): 35.300.330.

587 MINUTES OF THE BOARD OF DIRECTORS MEETING HELD ON NOVEMBER 29, 2013, AT 3:00 P.M.

Date, Time and Venue: November 29, 2013, at 3:00 p.m., at the headquarters of JBS S.A. (Company), at Avenida Marginal Direita do Tiet, 500, Bloco I, 3 Andar, Vila Jaguara, CEP 05118-100, in the city and state of So Paulo. Call Notice and Attendance: Call notice was sent via e-mail to all members of the Board of Directors, pursuant to Article 18 of the Companys Bylaws. All members of the Companys Board of Directors were present, representing sufficient quorum to install the Board Meeting. Presiding Board: Joesley Mendona Batista, Chairman; and Valmor Gomes Morais, Secretary. Agenda: To ratify the execution of the agreement of suretyship to a third party to be offered as a guarantee in the Writ of Mandamus records, 0017543.16.2012.4.01.3400 proceeding, the action is pending at the 16th Federal Court of the Braslia Judicial District Section of the Federal District. Resolutions: The Board of Directors members, in compliance with Article 32, Paragraph 2 of the Companys Bylaws, unanimously resolved to ratify the Suretyship Agreement no. 1243247, entered into on November 28, 2013, in the amount of ten million, two hundred and sixty-eight thousand, five hundred and sixty reais (R$10,268,560), with Banco Industrial e Comercial S.A. BICBANCO, having as a beneficiary the 16th Federal Court of the Braslia Judicial District Section of the Federal District. Closure and drawing up of the minutes: There being no further business to discuss, the

Chairman offered the floor to anyone who intended to speak, as no one did, the meeting was adjourned for the time necessary to draw up these minutes, which were then read, approved and signed by all attending board members. Minutes in Summary Format. The Board of Directors authorized the drawing up of these minutes in the summary format and publication omitting their signatures, pursuant to Article 130, Paragraphs 1 and 2, of Law 6404/76. Attending Members: Joesley Mendona Batista, Wesley Mendona Batista, Jos Batista Sobrinho, Marcus Vinicius Pratini de Moraes, Peter Dvorsak, Carlos Alberto Caser, Humberto Junqueira de Farias and Joo Carlos Ferraz. This is a free English translation of the excerpt from the original minutes drawn up in the Companys records. So Paulo, November 29, 2013.

Valmor Gomes Morais Secretary