<SEC-DOCUMENT>0001292814-20-002616.txt : 20200717
<SEC-HEADER>0001292814-20-002616.hdr.sgml : 20200717
<ACCEPTANCE-DATETIME>20200717075627
ACCESSION NUMBER:		0001292814-20-002616
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20200930
FILED AS OF DATE:		20200717
DATE AS OF CHANGE:		20200717

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BRF S.A.
		CENTRAL INDEX KEY:			0001122491
		STANDARD INDUSTRIAL CLASSIFICATION:	MEAT PACKING PLANTS [2011]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			D5
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-15148
		FILM NUMBER:		201032777

	BUSINESS ADDRESS:	
		STREET 1:		1400 RUA HUNGRIA 5TH FLOOR
		STREET 2:		JARDIM EUROPA 01455 000
		CITY:			SAO PAULO SP BRAZIL
		STATE:			D5
		ZIP:			00000
		BUSINESS PHONE:		551123225061

	MAIL ADDRESS:	
		STREET 1:		8501 AV. DAS NACOES UNIDAS 1ST FLOOR
		STREET 2:		PINHEIROS 05425 070 SAO PAULO SP
		CITY:			BRAZIL
		STATE:			D5
		ZIP:			00000

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BRF-BRASIL FOODS S.A.
		DATE OF NAME CHANGE:	20090708

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PERDIGAO SA
		DATE OF NAME CHANGE:	20000823
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>brf20200716_6k2.htm
<DESCRIPTION>FORM 6-K
<TEXT>

<HTML>
<HEAD>
   <TITLE>brf20200716_6k2.htm - Generated by SEC Publisher for SEC Filing</TITLE>
</HEAD>

<BODY bgcolor="#ffffff">

&nbsp; <A name="page_1"></A>

<a name="_bclPageBorder1"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<P style="MARGIN: 0in 0pt 0pt 0in"><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0pt 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman"></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0pt 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman">UNITED STATES</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0pt 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman">SECURITIES AND EXCHANGE COMMISSION</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0pt 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman">Washington, D.C. 20549</FONT></B></P>

<P style="MARGIN: 0in 0pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0pt 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman">FORM 6-K</FONT></B></P>

<P style="MARGIN: 0in 0pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0pt 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman">REPORT OF FOREIGN ISSUER</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0pt 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman">PURSUANT TO RULE 13a-16 OR 15d-16 UNDER</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0pt 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman">THE SECURITIES EXCHANGE ACT OF 1934</FONT></B></P>

<P style="MARGIN: 0in 0pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0pt 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman">For the month of July 2020.<BR><BR></FONT></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0pt 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman">&nbsp;Commission File Number 001-15148</FONT></P>

<P style="MARGIN: 0in 0pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0pt 0pt" align=center><B><FONT lang=ES-CO style="FONT-SIZE: 11pt" face="Times New Roman">BRF S.A.</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0pt 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman">(Exact name of registrant as specified in its charter)</FONT></P>

<P style="MARGIN: 0in 0pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0pt 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman">N/A</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0pt 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman">(Translation of registrant&#8217;s name into English)</FONT></P>

<P style="MARGIN: 0in 0pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0pt 0pt" align=center><B><FONT lang=ES-MX style="FONT-SIZE: 11pt" face="Times New Roman">8501, Av. Das Na&#231;oes Unidas, 1st Floor</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0pt 0pt" align=center><B><FONT lang=ES-MX style="FONT-SIZE: 11pt" face="Times New Roman">Pinheiros &#8211; 05425-070, S&#227;o Paulo &#8211; SP</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0pt 0pt" align=center><B><FONT lang=ES-MX style="FONT-SIZE: 11pt" face="Times New Roman">Brazil</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0pt 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman">(</FONT></B><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman">Address of principal executive office)</FONT></P>

<P style="MARGIN: 0in 0pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman">Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.</FONT></P>

<P style="MARGIN: 0in 0pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0pt 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman">Form 20-F </FONT><FONT lang=EN-US style="FONT-SIZE: 11pt" face=wingdings>x</FONT><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman"> Form 40-F </FONT><FONT lang=EN-US style="FONT-SIZE: 11pt" face=wingdings>&#168;</FONT></P>

<P style="MARGIN: 0in 0pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): </FONT><FONT lang=EN-US style="FONT-SIZE: 11pt" face=wingdings>&#168;</FONT></P>

<P style="MARGIN: 0in 0pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): </FONT><FONT lang=EN-US style="FONT-SIZE: 11pt" face=wingdings>&#168;</FONT></P>

<P style="MARGIN: 0in 0pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-JUSTIFY: inter-ideograph; MARGIN: 0in 0pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-JUSTIFY: inter-ideograph; MARGIN: 0in 0pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 12pt; TEXT-INDENT: 49.5pt"><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman"></FONT>&nbsp;</P></DIV>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

&nbsp; <A name="page_2"></A>

<a name="_bclPageBorder2"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 12pt" align=center><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman">*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *</FONT></P>

<P style="MARGIN: 0in 0in 12pt; TEXT-INDENT: 49.5pt"><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman">&nbsp;This Report on Form 6-K, including Exhibit 1 hereto, includes certain forward-looking statements that are based principally on current expectations and on projections of future events and financial trends that currently affect or might affect the Company&#8217;s business, and are not guarantees of future performance. These forward-looking statements are based on management&#8217;s expectations, which involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are beyond the Company&#8217;s control and any of which could cause the Company&#8217;s actual financial condition and results of operations to differ materially from those set out in the Company&#8217;s forward-looking statements. You are cautioned not to put undue reliance on such forward-looking statements. The Company undertakes no obligation, and expressly disclaims any obligation, to update or revise any forward-looking statements, whether because of new information, future events or otherwise. The risks and uncertainties relating to the forward-looking statements in this Report on Form 6-K, including Exhibit 1 hereto, include those described under the captions &#8220;Forward-Looking Statements&#8221; and &#8220;Item 3. Key Information &#8212; D. Risk Factors&#8221; in the Company&#8217;s annual report on Form 20-F for the year ended December 31, 2019. </FONT></P></DIV>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

&nbsp; <A name="page_3"></A>

<a name="_bclPageBorder3"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman">SIGNATURES</FONT></B></P>

<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in"><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman">Date: July 17, 2020</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 3in"><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman">BRF S.A.</FONT></P>

<P style="MARGIN: 0in 0in 0pt 3in"><FONT lang=ES-CO style="FONT-SIZE: 11pt" face="Times New Roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt 3in"><FONT lang=PT-BR style="FONT-SIZE: 11pt" face="Times New Roman">By: </FONT><U><FONT lang=PT-BR style="FONT-SIZE: 11pt" face="Times New Roman">/s/ Carlos Alberto Bezerra de Moura</FONT></U></P>

<P style="MARGIN: 0in 0in 0pt 3in"><FONT lang=PT-BR style="FONT-SIZE: 11pt" face="Times New Roman">Name: Carlos Alberto Bezerra de Moura</FONT></P>

<P style="MARGIN: 0in 0in 0pt 3in"><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman">Title: Chief Financial and Investor Relations Officer<BR><BR></FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%" face="Times New Roman"></FONT>&nbsp;</P></DIV>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

&nbsp; <A name="page_4"></A>

<a name="_bclPageBorder4"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%" face="Times New Roman">EXHIBIT INDEX</FONT></B></P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%" face="Times New Roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 107%" face="Times New Roman"></FONT>&nbsp;</P>

<DIV>

<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>



<TR>

   <TD vAlign=top width="10%"><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%" face="Times New Roman"><U>Exhibit&nbsp;</U></FONT></TD>

   <TD vAlign=top width="5%"></TD>

   <TD vAlign=top width="85%"><U><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%" face="Times New Roman">Description of Exhibit</FONT></U></TD></TR>

<TR>

   <TD vAlign=top width="100%" colSpan=3>

   <P>&nbsp;</P></TD></TR>

<TR>

   <TD vAlign=top width="10%"><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%" face="Times New Roman">
   <A href="#page_5">1</A></FONT></TD>

   <TD vAlign=top width="5%"></TD>

   <TD vAlign=top width="85%" align=left>

   <P style="TEXT-ALIGN: justify">
   <A href="#page_5">Announcement with respect to the commencement of the cash tender offers of BRF for its 5.875% Senior Notes due 2022, 2.750% Senior Notes due 2022, 3.95% Senior Notes due 2023 and 4.75% Senior Notes due 2024 and 4.350% Senior Notes due 2026 issued by BRF GmbH and guaranteed by BRF.</A></P></TD></TR></TABLE></DIV>

<a name="_bclFooter4"></a><DIV>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman"></FONT>&nbsp;</P></DIV></DIV>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

&nbsp; <A name="page_5"></A>

<a name="_bclPageBorder5"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%" face="Times New Roman">Exhibit 1</FONT></B></P>

<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%" face="Times New Roman"></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-JUSTIFY: inter-ideograph; MARGIN: 0in 0in 12pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center; TEXT-JUSTIFY: inter-ideograph; MARGIN: 0in 0in 12pt" align=center>
<IMG border=0 src="logo_brf.gif"></P>

<P style="TEXT-ALIGN: center; TEXT-JUSTIFY: inter-ideograph; MARGIN: 0in 0in 12pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">BRF announces cash tender offers for its 5.875% Senior Notes due 2022, 2.750% Senior Notes due 2022, 3.95% Senior Notes due 2023 and 4.75% Senior Notes due 2024 and 4.350% Senior Notes due 2026 issued by BRF GmbH and guaranteed by BRF</FONT></B></P>

<P style="TEXT-ALIGN: left; TEXT-JUSTIFY: inter-ideograph; MARGIN: 0in 0in 12pt" align=left><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">S&#227;o Paulo, Brazil &#8211; July 17, 2020 &#8211; BRF S.A. (&#8220;</FONT><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">BRF</FONT></I></B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">&#8221;), for its own account and, in the case of the 2026 Notes (as defined below), on behalf of BRF GmbH (the &#8220;</FONT><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">Subsidiary Issuer</FONT></I></B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">&#8221;), a wholly-owned subsidiary of BRF, today announces the commencement of an offer to purchase for cash any and all of the outstanding (i) 5.875% Senior Notes due 2022 (the &#8220;</FONT><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">2022 Notes</FONT></I></B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">&#8221;) issued by BRF (the &#8220;</FONT><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">2022 Notes Offer</FONT></I></B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">&#8221;), (ii) 2.750% Senior Notes due 2022 (the &#8220;</FONT><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">Euro Notes</FONT></I></B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">&#8221;) issued by BRF (the &#8220;</FONT><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">Euro Notes Offer</FONT></I></B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">&#8221;), (iii) 3.95% Senior Notes due 2023 (&#8220;</FONT><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">2023 Notes</FONT></I></B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">&#8221;)</FONT><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"> </FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">issued by BRF (the &#8220;</FONT><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">2023 Notes Offer</FONT></I></B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">&#8221;), (iv) 4.75% Senior Notes due 2024 (the &#8220;</FONT><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">2024 Notes</FONT></I></B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">&#8221;) issued by BRF (the &#8220;</FONT><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">2024 Notes Offer</FONT></I></B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">&#8221;) and (v) 4.350% Senior Notes due 2026 (&#8220;</FONT><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">2026 Notes</FONT></I></B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">&#8221; and, together with the 2022 Notes, the Euro Notes, the 2023 Notes and the 2024 Notes, the &#8220;</FONT><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">Notes</FONT></I></B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">&#8221;)</FONT><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"> </FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">issued by BRF GmbH and guaranteed by BRF (the &#8220;</FONT><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">2026 Notes Offer</FONT></I></B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">&#8221; and, together with the 2022 Notes Offer, the Euro Notes Offer, the 2023 Notes Offer and the 2024 Notes Offer, the &#8220;</FONT><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">Offers</FONT></I></B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">&#8221;).</FONT></P>

<P style="TEXT-ALIGN: left; TEXT-JUSTIFY: inter-ideograph; MARGIN: 0in 0in 12pt" align=left><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">The Offers are made upon the terms and subject to the conditions set forth in the offer to purchase dated July 17, 2020 (as it may be amended or supplemented from time to time, the &#8220;</FONT><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">Offer to Purchase</FONT></I></B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">&#8221;)</FONT><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">for the consideration displayed below and described therein and in the accompanying Notice of Guaranteed Delivery (as defined in the Offer to Purchase). The Offers are not contingent upon the tender of any minimum principal amount of Notes, but BRF&#8217;s obligation to complete an Offer with respect to a particular series of Notes is conditioned on the aggregate Tender Consideration (as defined below) for the Offers not exceeding U.S.$300,000,000 (excluding the aggregate amount of Accrued Interest (as defined below)).</FONT></P>

<P style="TEXT-ALIGN: left; TEXT-JUSTIFY: inter-ideograph; MARGIN: 0in 0in 12pt" align=left><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">The following table sets forth certain information relating to the Offers.</FONT></P>

<DIV align=center>

<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>



<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 2.9pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 2.9pt" width="24%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face="Times New Roman">Title of Security</FONT></B></P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 2.9pt; PADDING-RIGHT: 2.9pt" width="31%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face="Times New Roman">Security Identifiers </FONT></B></P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 2.9pt; PADDING-RIGHT: 2.9pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face="Times New Roman">Acceptance Priority Level<SUP>(1)</SUP></FONT></B></P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 2.9pt; PADDING-RIGHT: 2.9pt" width="16%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face="Times New Roman">Principal Amount<BR>Outstanding</FONT></B></P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 2.9pt; PADDING-RIGHT: 2.9pt" width="15%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face="Times New Roman">Tender</FONT></B></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face="Times New Roman">Consideration<SUP>(2)</SUP></FONT></B></P></TD></TR>

<TR style="HEIGHT: 17.5pt; PAGE-BREAK-INSIDE: avoid">

   <TD style="HEIGHT: 17.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 2.9pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 2.9pt" width="24%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt" face="Times New Roman">5.875% Senior Notes due 2022</FONT></P></TD>

   <TD style="HEIGHT: 17.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 2.9pt; PADDING-RIGHT: 2.9pt" width="31%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt" face="Times New Roman">CUSIP Nos.: 10552T AA5/P1905CAA8 </FONT></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt" face="Times New Roman">ISINs: US10552TAA51/USP1905CAA82</FONT></P></TD>

   <TD style="HEIGHT: 17.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 2.9pt; PADDING-RIGHT: 2.9pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt" face="Times New Roman">1</FONT></P></TD>

   <TD style="HEIGHT: 17.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 2.9pt; PADDING-RIGHT: 2.9pt" width="16%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt" face="Times New Roman">U.S.$109,312,000</FONT></P></TD>

   <TD style="HEIGHT: 17.5pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 2.9pt; PADDING-RIGHT: 2.9pt" width="15%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt" face="Times New Roman">U.S.$1,050.00</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 2.9pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 2.9pt" width="24%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt" face="Times New Roman">2.750% Senior Notes due 2022</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 2.9pt; PADDING-RIGHT: 2.9pt" width="31%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt" face="Times New Roman">ISINs: XS1242327325/XS1242327168</FONT></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt" face="Times New Roman">Common Codes: 124232732/124232716</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 2.9pt; PADDING-RIGHT: 2.9pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt" face="Times New Roman">2</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 2.9pt; PADDING-RIGHT: 2.9pt" width="16%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt" face="Times New Roman">&#8364;324,781,000</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 2.9pt; PADDING-RIGHT: 2.9pt" width="15%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt" face="Times New Roman">&#8364;1,015.00</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 2.9pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 2.9pt" width="24%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt" face="Times New Roman">3.95% Senior Notes due 2023</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 2.9pt; PADDING-RIGHT: 2.9pt" width="31%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt" face="Times New Roman">CUSIP Nos.: 10552T AE7/P1905CAD2 </FONT></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt" face="Times New Roman">ISINs: US10552TAE73/USP1905CAD22</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 2.9pt; PADDING-RIGHT: 2.9pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt" face="Times New Roman">3</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 2.9pt; PADDING-RIGHT: 2.9pt" width="16%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt" face="Times New Roman">U.S.$345,989,000</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 2.9pt; PADDING-RIGHT: 2.9pt" width="15%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt" face="Times New Roman">U.S.$1,018.50</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 2.9pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 2.9pt" width="24%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt" face="Times New Roman">4.75% Senior Notes due 2024</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 2.9pt; PADDING-RIGHT: 2.9pt" width="31%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt" face="Times New Roman">CUSIP Nos.: 10552T AF4/P1905CAE0 </FONT></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt" face="Times New Roman">ISINs: US10552TAF49/USP1905CAE05</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 2.9pt; PADDING-RIGHT: 2.9pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt" face="Times New Roman">4</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 2.9pt; PADDING-RIGHT: 2.9pt" width="16%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt" face="Times New Roman">U.S.$517,858,000</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 2.9pt; PADDING-RIGHT: 2.9pt" width="15%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt" face="Times New Roman">U.S.$1,031.00</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 2.9pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 2.9pt" width="24%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt" face="Times New Roman">4.350% Senior Notes due 2026</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 2.9pt; PADDING-RIGHT: 2.9pt" width="31%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" face="Times New Roman">CUSIP Nos.: 05583B AA7/A08163 AA4</FONT></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt" face="Times New Roman">ISINs: US05583BAA70/USA08163AA41</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 2.9pt; PADDING-RIGHT: 2.9pt" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt" face="Times New Roman">5</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 2.9pt; PADDING-RIGHT: 2.9pt" width="16%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt" face="Times New Roman">U.S.$500,000,000</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 2.9pt; PADDING-RIGHT: 2.9pt" width="15%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt" face="Times New Roman">U.S.$992.50</FONT></P></TD></TR></TABLE></DIV>

<DIV style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 1pt; PADDING-TOP: 0in; PADDING-LEFT: 0in; MARGIN-LEFT: 0in; BORDER-LEFT: medium none; PADDING-RIGHT: 0in; MARGIN-RIGHT: 5.5in">

<P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; BORDER-LEFT: medium none; MARGIN: 0in 0in 0pt; PADDING-RIGHT: 0in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></DIV>

<P style="MARGIN: 0in 0in 0pt 0.25in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 8pt" face="Times New Roman">(1)&nbsp;&nbsp; We will accept Notes of a series in the order of their respective Acceptance Priority Level specified in the table above (each, an &#8220;</FONT><B><I><FONT lang=EN-US style="FONT-SIZE: 8pt" face="Times New Roman">Acceptance Priority Level</FONT></I></B><FONT lang=EN-US style="FONT-SIZE: 8pt" face="Times New Roman">,&#8221; with 1 being the highest Acceptance Priority Level and 5 being the lowest Acceptance Priority Level), upon the terms and subject to the conditions set forth in the Offer to Purchase.</FONT></P>

<P style="MARGIN: 0in 0in 0pt 0.25in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 8pt" face="Times New Roman">(2)&nbsp;&nbsp; The amount to be paid for each U.S.$1,000 principal amount of 2022 Notes, 2023 Notes, 2024 Notes and 2026 Notes and &#8364;1,000 principal amount of Euro Notes, in each case, validly tendered and accepted for purchase, excluding Accrued Interest.</FONT></P>

<P style="MARGIN: 0in 0in 0pt 0.25in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman"></FONT>&nbsp;</P>

<a name="_bclFooter5"></a><DIV>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">2</FONT><FONT style="DISPLAY: none"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman"></FONT></FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman"></FONT>&nbsp;</P></DIV></DIV>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

&nbsp; <A name="page_6"></A>

<a name="_bclPageBorder6"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 12pt"><U><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">Indicative Timetable for the Offers</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman">:</FONT></P>

<DIV align=left>

<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>



<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="42%">

   <P style="TEXT-ALIGN: left; TEXT-JUSTIFY: inter-ideograph; MARGIN: 0in 0in 12pt" align=left><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">Commencement of the Offers</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="58%">

   <P style="TEXT-ALIGN: left; TEXT-JUSTIFY: inter-ideograph; MARGIN: 0in 0in 12pt" align=left><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">July 17, 2020.</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="42%">

   <P style="TEXT-ALIGN: left; TEXT-JUSTIFY: inter-ideograph; MARGIN: 0in 0in 12pt" align=left><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">Withdrawal Date</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="58%">

   <P style="TEXT-ALIGN: left; TEXT-JUSTIFY: inter-ideograph; MARGIN: 0in 0in 12pt" align=left><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">8:30 a.m. (New York City time) on July 24, 2020, unless extended with respect to any Offer by BRF in its sole discretion, except as described in the Offer to Purchase or as required by applicable law.</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="42%">

   <P style="TEXT-ALIGN: left; TEXT-JUSTIFY: inter-ideograph; MARGIN: 0in 0in 12pt" align=left><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">Expiration Date</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="58%">

   <P style="TEXT-ALIGN: left; TEXT-JUSTIFY: inter-ideograph; MARGIN: 0in 0in 12pt" align=left><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">8:30 a.m. (New York City time) on July 24, 2020, unless extended with respect to any Offer by BRF in its sole discretion.</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="42%">

   <P style="TEXT-ALIGN: left; TEXT-JUSTIFY: inter-ideograph; MARGIN: 0in 0in 12pt" align=left><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">Settlement Date</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="58%">

   <P style="TEXT-ALIGN: left; TEXT-JUSTIFY: inter-ideograph; MARGIN: 0in 0in 12pt" align=left><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">Promptly after the Expiration Date. Expected to be July 27, 2020, but subject to change.</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="42%">

   <P style="TEXT-ALIGN: left; TEXT-JUSTIFY: inter-ideograph; MARGIN: 0in 0in 12pt" align=left><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">Guaranteed Delivery Date</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="58%">

   <P style="TEXT-ALIGN: left; TEXT-JUSTIFY: inter-ideograph; MARGIN: 0in 0in 12pt" align=left><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">5:00 p.m. (New York City time) on the second business day following the Expiration Date, expected to be on July 28, 2020, unless the Expiration Date is extended by BRF in its sole discretion.</FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="42%">

   <P style="TEXT-ALIGN: left; TEXT-JUSTIFY: inter-ideograph; MARGIN: 0in 0in 12pt" align=left><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">Guaranteed Delivery Settlement Date</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="58%">

   <P style="TEXT-ALIGN: left; TEXT-JUSTIFY: inter-ideograph; MARGIN: 0in 0in 12pt" align=left><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">Promptly after the Guaranteed Delivery Date. Expected to be July 30, 2020, but subject to change.</FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: left; TEXT-JUSTIFY: inter-ideograph; MARGIN: 0in 0in 12pt" align=left><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: left; TEXT-JUSTIFY: inter-ideograph; MARGIN: 0in 0in 12pt" align=left><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">The Offers will expire at 8:30 a.m. (New York City time) on July 24, 2020, unless earlier terminated or extended by BRF (such time and date, as the same may be extended, the &#8220;</FONT><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">Expiration Date</FONT></I></B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">&#8221;). </FONT></P>

<P style="TEXT-ALIGN: left; TEXT-JUSTIFY: inter-ideograph; MARGIN: 0in 0in 12pt" align=left><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">Holders of 2022 Notes who (i) validly tender and do not validly withdraw their 2022 Notes on or prior to the Expiration Date or (ii) deliver a properly completed and duly executed Notice of Guaranteed Delivery and other required documents pursuant to the Guaranteed Delivery Procedures (as defined in the Offer to Purchase) on or prior to the Expiration Date and tender their 2022 Notes on or prior to the Guaranteed Delivery Date (as defined in the Offer to Purchase), and whose 2022 Notes are accepted for purchase by us, will be eligible to receive the tender consideration of U.S.$1,050.00 per U.S.$1,000 principal amount of 2022 Notes tendered (the &#8220;</FONT><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">2022 Notes Tender Consideration</FONT></I></B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">&#8221;). Validly tendered 2022 Notes may be withdrawn in accordance with the terms of the 2022 Notes Offer, at any time prior to 8:30 a.m. (New York City time) on July 24, 2020, unless extended, but not thereafter, except as described in the Offer to Purchase or as required by applicable law.</FONT></P>

<P style="TEXT-ALIGN: left; TEXT-JUSTIFY: inter-ideograph; MARGIN: 0in 0in 12pt" align=left><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">Holders of Euro Notes who (i) validly tender and do not validly withdraw their Euro Notes on or prior to the Expiration Date or (ii) deliver a properly completed and duly executed Notice of Guaranteed Delivery and other required documents pursuant to the Guaranteed Delivery Procedures on or prior to the Expiration Date and tender their Euro Notes on or prior to the Guaranteed Delivery Date, and whose Euro Notes are accepted for purchase by us, will be eligible to receive the tender consideration of &#8364;1,015.00 per &#8364;1,000 principal amount of Euro Notes tendered (the &#8220;</FONT><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">Euro Notes Tender Consideration</FONT></I></B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">&#8221;). Validly tendered Euro Notes may be withdrawn in accordance with the terms of the Euro Notes Offer, at any time prior to 8:30 a.m. (New York City time) on July 24, 2020, unless extended, but not thereafter, except as described in the Offer to Purchase or as required by applicable law.</FONT></P>

<P style="TEXT-ALIGN: left; TEXT-JUSTIFY: inter-ideograph; MARGIN: 0in 0in 12pt" align=left><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">Holders of 2023 Notes who (i) validly tender and do not validly withdraw their 2023 Notes on or prior to the Expiration Date or (ii) deliver a properly completed and duly executed Notice of Guaranteed Delivery and other required documents pursuant to the Guaranteed Delivery Procedures on or prior to the Expiration Date and tender their 2023 Notes on or prior to the Guaranteed Delivery Date, and whose 2023 Notes are accepted for purchase by us, will be eligible to receive the tender consideration of U.S.$1,018.50 per U.S.$1,000 principal amount of 2023 Notes tendered (the &#8220;</FONT><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">2023 Notes Tender Consideration</FONT></I></B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">&#8221;). Validly tendered 2023 Notes may be withdrawn in accordance with the terms of the 2023 Notes Offer, at any time prior to 8:30 a.m. (New York City time) on July 24, 2020, unless extended, but not thereafter, except as described in the Offer to Purchase or as required by applicable law.</FONT></P>

<a name="_bclFooter6"></a><DIV>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">3</FONT><FONT style="DISPLAY: none"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman"></FONT></FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman"></FONT>&nbsp;</P></DIV></DIV>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

&nbsp; <A name="page_7"></A>

<a name="_bclPageBorder7"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<P style="TEXT-ALIGN: left; TEXT-JUSTIFY: inter-ideograph; MARGIN: 0in 0in 12pt" align=left><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">Holders of 2024 Notes who (i) validly tender and do not validly withdraw their 2024 Notes on or prior to the Expiration Date or (ii) deliver a properly completed and duly executed Notice of Guaranteed Delivery and other required documents pursuant to the Guaranteed Delivery Procedures on or prior to the Expiration Date and tender their 2024 Notes on or prior to the Guaranteed Delivery Date, and whose 2024 Notes are accepted for purchase by us, will be eligible to receive the tender consideration of U.S.$1,031.00 per U.S.$1,000 principal amount of 2024 Notes tendered (the &#8220;</FONT><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">2024 Notes Tender Consideration</FONT></I></B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">&#8221;). Validly tendered 2024 Notes may be withdrawn in accordance with the terms of the 2024 Notes Offer, at any time prior to 8:30 a.m. (New York City time) on July 24, 2020, unless extended, but not thereafter, except as described in the Offer to Purchase or as required by applicable law.</FONT></P>

<P style="TEXT-ALIGN: left; TEXT-JUSTIFY: inter-ideograph; MARGIN: 0in 0in 12pt" align=left><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">Holders of 2026 Notes who (i) validly tender and do not validly withdraw their 2026 Notes on or prior to the Expiration Date or (ii) deliver a properly completed and duly executed Notice of Guaranteed Delivery and other required documents pursuant to the Guaranteed Delivery Procedures&nbsp; on or prior to the Expiration Date and tender their 2026 Notes on or prior to the Guaranteed Delivery Date, and whose 2026 Notes are accepted for purchase by us, will be eligible to receive the tender consideration of U.S.$992.50 per U.S.$1,000 principal amount of 2026 Notes tendered (the &#8220;</FONT><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">2026 Notes Tender Consideration</FONT></I></B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">&#8221;). Validly tendered 2026 Notes may be withdrawn in accordance with the terms of the 2026 Notes Offer, at any time prior to 8:30 a.m. (New York City time) on July 24, 2020, unless extended, but not thereafter, except as described in the Offer to Purchase or as required by applicable law.</FONT></P>

<P style="TEXT-ALIGN: left; TEXT-JUSTIFY: inter-ideograph; MARGIN: 0in 0in 12pt" align=left><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">In addition to the applicable Tender Consideration holders whose Notes are tendered and accepted for purchase in the Offers will also receive accrued and unpaid interest from, and including, the last interest payment date to, but not including, the Settlement Date (&#8220;</FONT><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">Accrued Interest</FONT></I></B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">&#8221;). For the avoidance of doubt, interest on Notes tendered using the Guaranteed Delivery Procedures will cease to accrue on the Settlement Date.</FONT></P>

<P style="TEXT-ALIGN: left; TEXT-JUSTIFY: inter-ideograph; MARGIN: 0in 0in 12pt" align=left><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">Among other conditions, BRF&#8217;s obligation to complete an Offer with respect to a particular series of Notes is conditioned on the aggregate Tender Consideration (which excludes the aggregate Accrued Interest) payable in respect of all Notes accepted for purchase in the aggregate not exceeding U.S.$300,000,000, and, in each case, subject to the terms and conditions set forth in the Offer to Purchase. For purposes of calculating the aggregate Tender Consideration, we intend to convert the Euro Notes Tender Consideration into U.S. dollars using a conversion rate of &#8364;1.00 to U.S.$1.1382, which was the exchange rate as of the close of business on Thursday, July 16, 2020, as displayed on the FXIP screen on Bloomberg.</FONT></P>

<P style="TEXT-ALIGN: left; TEXT-JUSTIFY: inter-ideograph; MARGIN: 0in 0in 12pt" align=left><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">If the conditions set forth in the Offer to Purchase are not satisfied for every series of Notes because the aggregate Tender Consideration (which excludes the aggregate Accrued Interest) for all Notes validly tendered and not validly withdrawn is greater than U.S.$300,000,000, then BRF will, in accordance with the Acceptance Priority Levels, accept for purchase all Notes of each series validly tendered and not validly withdrawn, so long as (i) the aggregate Tender Consideration necessary to purchase all validly tendered and not validly withdrawn Notes of such series, plus (ii) the aggregate Tender Consideration necessary to purchase all validly tendered and not validly withdrawn Notes of all series having a higher Acceptance Priority Level than such series of Notes are equal to, or less than, U.S.$300,000,000, subject to the condition with respect to Non-Covered Notes (as defined below) further described in the Offer to Purchase.</FONT></P>

<P style="TEXT-ALIGN: left; TEXT-JUSTIFY: inter-ideograph; MARGIN: 0in 0in 12pt" align=left><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">If the conditions set forth above are not satisfied for a particular series of Notes (such series of Notes, the &#8220;</FONT><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">Non-Covered Notes</FONT></I></B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">&#8221;), at any time at or prior to the Expiration Date, then: (i) no Notes of such series will be accepted for purchase, and (ii) if there is any series of Notes having a lower Acceptance Priority Level for which: (a) the aggregate Tender Consideration necessary to purchase all validly tendered and not validly withdrawn Notes of such series, plus (b) the aggregate Tender Consideration necessary to purchase all validly tendered and not validly withdrawn Notes of all series having a higher Acceptance Priority Level than such series of Notes, other than the Non-Covered Notes, are equal to, or less than, U.S.$300,000,000, then all Notes of such series having a lower Acceptance Priority Level will be accepted for purchase, until there is no series of Notes with a lower Acceptance Priority Level to be considered for purchase for which the conditions set forth in the Offer to Purchase are met.</FONT></P>

<P style="TEXT-ALIGN: left; TEXT-JUSTIFY: inter-ideograph; MARGIN: 0in 0in 12pt" align=left><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">It is possible that a series of Notes with a particular Acceptance Priority Level will fail to meet the conditions set forth in the Offer to Purchase and therefore will not be accepted for purchase even if one or more series with a higher or lower Acceptance Priority Level is accepted for purchase. If a series of Notes is accepted for purchase </FONT>


<FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">under the Offers, all Notes of that series that are validly tendered and not validly withdrawn will be accepted for purchase by BRF. No series of Notes will be subject to proration pursuant to the Offers.</FONT></P>

<a name="_bclFooter7"></a><DIV>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">4</FONT><FONT style="DISPLAY: none"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman"></FONT></FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman"></FONT>&nbsp;</P></DIV></DIV>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

&nbsp; <A name="page_8"></A>

<a name="_bclPageBorder8"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">




<P style="TEXT-ALIGN: left; TEXT-JUSTIFY: inter-ideograph; MARGIN: 0in 0in 12pt" align=left><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">BRF expressly reserves the right, in its sole discretion, subject to applicable law, to amend, extend or, upon failure of any condition described in the Offer to Purchase to be satisfied or waived, to terminate one or more of the Offers at or prior to the Expiration Date. BRF also reserves the right, in its sole discretion, to terminate one or more of the Offers at any time at or prior to the Expiration Date.</FONT></P>

<P style="TEXT-ALIGN: left; TEXT-JUSTIFY: inter-ideograph; MARGIN: 0in 0in 12pt" align=left><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">BRF has retained Morgan Stanley &amp; Co. LLC to serve as dealer manager and D.F. King &amp; Co., Inc. to serve as information and tender agent for the Offers. The Offer to Purchase, the related Notice of Guaranteed Delivery and any related supplements are available at the D.F. King &amp; Co., Inc. website at www.dfking.com/brf. The full details of the Offers, including complete instructions on how to tender Notes, are included in the Offer to Purchase. Holders of Notes are strongly encouraged to carefully read the Offer to Purchase, including materials incorporated by reference therein, because they contain important information. Requests for the Offer to Purchase and any related supplements may also be directed to D.F. King &amp; Co., Inc. by telephone at +1 (212) 269-5550 or +1 (888) 605-1956 (US toll free) or +44 (0) 20 7920-9700 or in writing at brf@dfking.com. Documents relating to the Offers, including the Offer to Purchase and the Notice of Guaranteed Delivery, are also available at www.dfking.com/brf. Questions about the Offers may be directed to Morgan Stanley &amp; Co. LLC by telephone at +1 (800) 624-1808 (toll free) or +1 (212) 761-1057 (collect).</FONT></P>

<P style="TEXT-ALIGN: left; TEXT-JUSTIFY: inter-ideograph; MARGIN: 0in 0in 12pt" align=left><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">This press release shall not constitute an offer to purchase or a solicitation of acceptance of the offer to purchase, which are being made only pursuant to the terms and conditions contained in the Offer to Purchase. The Offers are not being made to, nor will BRF accept tenders of Notes from, holders in any jurisdiction in which the Offers or the acceptance thereof would not be in compliance with the securities or blue sky laws of such jurisdiction.</FONT><SUP><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"> </FONT></B></SUP><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">In any jurisdiction where the laws require the Offers to be made by a licensed broker or dealer, the Offers will be made by the dealer manager on behalf of BRF. </FONT></P>

<P style="TEXT-ALIGN: left; TEXT-JUSTIFY: inter-ideograph; MARGIN: 0in 0in 12pt" align=left><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">None of BRF, the Subsidiary Issuer, the information and tender agent, the dealer manager or the trustee with respect to the Notes, nor any of their respective affiliates, makes any recommendation as to whether holders should tender or refrain from tendering all or any portion of their Notes in response to the Offers. None of BRF, the Subsidiary Issuer, the information and tender agent, the dealer manager or the trustee with respect to the Notes, nor any of their respective affiliates, has authorized any person to give any information or to make any representation in connection with the Offers other than the information and representations contained in the Offer to Purchase.</FONT></P>

<P style="TEXT-ALIGN: left; TEXT-JUSTIFY: inter-ideograph; MARGIN: 0in 0in 12pt" align=left><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">Neither the U.S. Securities and Exchange Commission, any U.S. state securities commission nor any regulatory authority of any other country has approved or disapproved of the Offers, passed upon the merits or fairness of the Offers or passed upon the adequacy or accuracy of the disclosure in the Offer to Purchase.</FONT></P>

<P style="TEXT-ALIGN: left; TEXT-JUSTIFY: inter-ideograph; MARGIN: 0in 0in 12pt" align=left><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">About BRF</FONT></B></P>

<P style="TEXT-ALIGN: left; TEXT-JUSTIFY: inter-ideograph; MARGIN: 0in 0in 12pt" align=left><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">BRF is a </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">sociedade an&#244;nima</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"> (corporation) organized under the laws of the Federative Republic of Brazil. Our principal executive offices are located at Av. das Na&#231;&#245;es Unidas, 8501 &#8211; 1st Floor, Pinheiros, 05425-070, S&#227;o Paulo, SP, Brazil, and our telephone number at this address is +55-11-2322-5000/5355/5048.</FONT></P>

<P style="TEXT-ALIGN: left; TEXT-JUSTIFY: inter-ideograph; MARGIN: 0in 0in 12pt" align=left><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">Forward-Looking Statements</FONT></B></P>

<P style="TEXT-ALIGN: left; TEXT-JUSTIFY: inter-ideograph; MARGIN: 0in 0in 12pt" align=left><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">Statements in this press release may be &#8220;forward-looking statements&#8221; within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended, which are subject to risks and uncertainties. Other than statements of historical fact, information regarding activities, events and developments that BRF expects or anticipates will or may occur in the future are forward-looking statements based on management&#8217;s estimates, assumptions and projections. Many forward-looking statements may be identified by the use of words such as &#8220;expect,&#8221; &#8220;anticipate,&#8221; &#8220;intend,&#8221; &#8220;plan,&#8221; &#8220;believe, &#8220;estimate&#8221; and similar expressions. Forward-looking statements contained in this press release are predictions only and actual results could differ materially from management&#8217;s expectations due to a variety of factors, including those described the section titled &#8220;Risk Factors&#8221; in BRF&#8217;s Annual Report for fiscal year 2019 on Form 20-F. All forward-looking statements </FONT>


<FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">attributable to BRF are expressly qualified in their entirety by such risk factors. The forward-looking statements that BRF makes in this press release are based on management&#8217;s current views and assumptions regarding future events and speak only as of their dates. BRF assumes no obligation to update developments of these risk factors or to announce publicly any revisions to any of the forward-looking statements that BRF makes, or to make corrections to reflect future events or developments, except as required by the U.S. federal securities laws.</FONT></P>

<a name="_bclFooter8"></a><DIV>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">5</FONT><FONT style="DISPLAY: none"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman"></FONT></FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman"></FONT>&nbsp;</P></DIV></DIV>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

&nbsp; <A name="page_9"></A>

<a name="_bclPageBorder9"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">




<P style="TEXT-ALIGN: left; TEXT-JUSTIFY: inter-ideograph; MARGIN: 0in 0in 12pt" align=left><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">DISCLAIMER</FONT></B></P>

<P style="TEXT-ALIGN: left; TEXT-JUSTIFY: inter-ideograph; MARGIN: 0in 0in 12pt" align=left><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">This press release must be read in conjunction with the Offer to Purchase. This announcement and the Offer to Purchase contain important information which must be read carefully before any decision is made with respect to the Offers. If any holder of Notes is in any doubt as to the action it should take, it is recommended to seek its own legal, tax, accounting and financial advice, including as to any tax consequences, immediately from its stockbroker, bank manager, attorney, accountant or other independent financial or legal adviser. Any individual or company whose Notes are held on its behalf by a broker, dealer, bank, custodian, trust company or other nominee or intermediary must contact such entity if it wishes to participate in the Offers. None of BRF, the Subsidiary Issuer, the dealer managers, the information and tender agent and any person who controls, or is a director, officer, employee or agent of such persons, or any affiliate of such persons, makes any recommendation as to whether holders of Notes should participate in the Offers.</FONT></P>

<P style="TEXT-ALIGN: left; TEXT-JUSTIFY: inter-ideograph; MARGIN: 0in 0in 12pt" align=left><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-JUSTIFY: inter-ideograph; MARGIN: 0in 0in 12pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman"></FONT>&nbsp;</P>

<a name="_bclFooter9"></a><DIV>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">6</FONT><FONT style="DISPLAY: none"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman"></FONT></FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman"></FONT>&nbsp;</P></DIV></DIV>

</BODY>

</HTML>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>logo_brf.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 logo_brf.gif
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M@.&VSI2,I1-<A5UXP:(76@:GX89??CF99FLA<DB.3X5"#YIU[>,(=MA=Z::
M&!I)IY=*SKG=G'SQ]4>D?&UBD3WM\(CI-MFPDDTV"OD2''8N!MGBD#!R^6B=
M7L*W)&IB*/\IJQB B($&((! (U$VJ1P0@ #;G-<.*PL<($   "0+0  )I9,&
MH2L"&626A!;I*&M?-GHMMJQV"P@DNS&4S0'*)ANL=.VD,D"Y[ *0T&G9"5CJ
MFR]62Z22J]:)[Z)+:LLJ(,8XM JRY09P+F^LK-MNN0(@- YJT%KHA:FH0FN&
MJGSH:R>_&B>Y)"""I,20 NT:W%LJ"[>K $*1$+GFO%],3*V]J'';<9<>=^NE
M'P&/7/+!C*F2<KNK'$0.%Q +B : 8+C(8KU*8ZAAMJSB3'7.=U)2C\_LFCP:
M*T.S*T"F!ND2Q15%_CAOT],F33-QK/I[9,8Z0\K',UP7#'1=[0C_$':Y11L$
MCQI11#&%%Q!;][2I75 ;9Y':^NME'W/W:SF8K &"2=[*>KT8RF(?V[D K" $
M3.&H<R%<TQ.SUV:+&&)HG>3:SCT9HTMNUP=V\"Q$<M=[=]6WV-FTPZFGQ2-$
MCAZHHWX%G"RVR'B T+[<>*.2VWY[[JX*N(SO/S.V2KL'0/3+&LTW?T6;;K+-
M=NSR/@T&]AO/W0?W\!$9"?C ,[: RA#) Q+2ASHH9$$+;9H>];14JL9=KVJ5
MNQ=\Q("H-N1#(;_3&V/(Q:Z5/80.1) " :, !2P8$(&-<Y^6S&"JIYUJ.+6;
MT1Z(A"@TL.9^%4+4.# 8/KL,KX,/B8<<_^*@A!%6 0M(1*(6$&B=%V4G2 ET
M8(L0UZH"+0E1B,J2&>9$0P$U@X==R]2P%H"  0S@  I01? >THY.J>*-JLC4
M-OS&K@4\I!QPB ,<!IB^(R8QB0=D8AC,X+KHG<I4<*HBDM:40RUBD3A=%! O
MP%@P5J2"CB5# *@>DHT%#(!@Y0+5-D"IK .LXI2H/&7PBA&'.+P!#COHXQ]G
MB84L9($+*&2/=12GN !I"!!)PJ(PLR@@QQ4SA_M+2 8+]K=DI<(>XD+ T (@
M2E+^+7 $$88>\QC"]-'RCU!X@@ZB4(5R7F&)Z.P" I=8!2<.,TOP'*;2;"7,
M1U"RF0M3 #03,O^PL)ELE/A,%C8'$@P]N@$.;UB"-[^)A2I$80?C+&<YGU X
MB4:!HA2UI3L=*<]XQNJC]#1#(RZ(D&4&E%T(2 CHPC8 .5HS;)LD"!ZVF<<W
M%+&B?IQE%73 4YY*]*= G:@MMZ %.!$SATC%(AI "E(T0$)D!S'I2<NEBH.,
MKYD>!&A R2;35A[TH$0L("VCT-.>DC.H:+7E4"\D3RQJD:D@W4/(E#FT 2A@
M 63$9,FX*I!VO+2'6FUFPPQR!YK" 0YN"&LY_^C0LI;UK&C]:1:V,%E;:H&M
MQTRJ<. :5TI U2!2!8 F"](.5>BU7'8D2&B[ALW CDX L!6 7=<X4\3_VA:L
M1?1C8R'J6)Y"-K+EI*Q:*:N%+7!4F)P%J1\F\=F"2#4 ?"7('!<F@'WRP[7+
M0@ "#G  !*0":-@%P,KV:=V#%/2P!STL8HEHA2SLM+>.C25P'3I9R@I7N%EH
MG%LWF]Q8J882\Z!K_Q"2C9253B!" Z)"PNO!AFC3L.E] PH,D /XPO>W:57K
M4#=,W+?V]Z-\\$,EPN7<'B)$FNVJJD!0C-J%,/@AP]AF>MV @A$XH $-.$$1
M+!Q?# .5PQL>[F01.(8/^S?$FKAGLCQW$+ !D!\_I*J+7]I@AFBC!%@N 0E$
M<&,<XQ@%;@ ";WGL4^#B-\CVK:Q$GU=DSFK(_P^6$K &$Q+>E%[WI2JF,Y4?
M\@T(>/G/?Q[!&]X@A#'SV,?T!7)EA?S3LZYO#&7XJ(;$TK.2FO@@45:6G0N<
MXBD_N2'O^( $ (WC+H_@!"@ LQ$,W5OY!E7#0JZO+2.+T_5YH0Q+\D,@=)60
M_[5KC0-IA\+*Y4$GLRO/"'GQ0V8P 0J4N@%=+O4)W$!C%!!AQV1.:YKQ*UR'
MSG>B3Z@"%USD!3+T3J4+&ZA!,IVLU!I;R@O>\T-P@($)^!G0-W8 F*DM83<,
M@=6/#>J9A]KM;P-5G5U8'QL6<E4%)_NE@7NWLI!]$&4[I!8QF, $& #MCGMY
M!&Z8]K13[6^ ^U:R0/_N-J*!N[[U(7 7"\G&2Z&;$(DOZUPV!P#%#6)Q4+M"
MXQ-XP)^[+ )J&YW:) <"$N"+<K46U[T&#ZK+U<D%*H1C(?88-K%[3;Y]YGSG
M!>EY0[Q1 8U+P,_1AO:TCVYTD@^A"(:&+,%G'76@0N$*+>\"%8K0!)(J9*5U
M1(C6DY7GKWO:X0_).- ?P(!\0[L$;&<[R8D@9K,&M^!U#ZJ+M#"%)/P "+EH
MR#:&=@!6E-?FU1V(X>/]Z8?0 N@3D #CHUWTR$M^\JO60174FOG()IP*GO_!
M#XX@#H?X.F4"T&X9%W9@@:Q>SZUWR#T^ /O8<US:MK=]JL%,!"4@082]!ZK_
M%*C @R(('P@_,((=V#CXDZ96]0L#NW3E'9%75-_Z'8=\]HU^@K6[X0UQ8 )%
MUWU&\'W@!UQ2@ 1(H 1O)WP.*'Q!<'6<]%=_@P#EQ0_/]W#1YQ#N  +W%W0X
M5GN1UW_^IUZ'10(0( (2A@)O0&UP0 1$, 1#P(!# (-M%V8/Z(#JMRNG]3?Z
M9! 96''T5W\?"((-L&\DZ'_I98)SX 8.X&<D,&A@AFK;5X4D1V-"@'XY"('%
M)Q';P&)A(P#R%X0\-X00<0^*]X$0 ')'QX0F>%AS@ (:T !^IG]&-VC_QX(L
M> (2EH5;*'Q&< L6P0H(0($"\%W\%'\NED\5P0U%_ZAQ%8 ";_B&<P 'E7A8
M(@ !<UB'_$>"8+9OJ>:'?V@$3'!N%K$-JY *"J!="I *R;-@"A"+LJ@ ,840
M[;  LQB+ZA81KG !$V !P'@!PBB,'% "EDB)E.B$'.=G?K9OV0=F0O"'#A@$
MX  H=8$/-#",VBB,]J:"<W")<,B$):")<[B)#6"'DN=OT@B(H6>-=?$-+["-
MVE@!#* !4?B-;HB)]^9GFZAO;-=O6BB-1E '?N>.7<$-&2"/W @!#  !#F "
ME@B.EO@&.*:)=-@ YFB'H1B0H^@$IFB0=&$+":F0SD:'#FF,QVB))* !<XB1
M+LF,#6 "_Z>.ZYA^36 .(/_)&+0PDMMH 19ID@Y@C)?H !RG 3!9CBY) J*X
MCJ38A3FY&"*ID!. D2VIB0\)!W)XD2YICIM( 0GP ^8GD$T074]9%]X0C_)8
MDBR)D1"@B1Q@D49YD4@) 4"W 3X0ECDXD!]9EHOQ#38@C_:F <OH91# C15P
M;UL) 1)0?1!0 $6 ET9P!+=0D'S)&/C@"CS)C51)E1HP =IH 1-PF&VYF$68
M CWPF*1(#)5I'MZ0C?-8D16ID+[8EH^H<1%  $%P"WNYFKR!#[0  ]I8DIKH
MF=M8 8<9EZ-)FM4W ]K FQ'R#K$ G,(HG)\9F'^&E$8) 11  150 [6 #\[)
M(_@V8 LVD) 4T)F&R9+ER)+\J)X<T  J< /<$)[N^ VT8 ,A@ $5P $<H)[^
MJ0'\J9XL< .SX [T-/F4[L -L- *+L "*N !'M !$+H"+" #K0 +W7 /!TJ?
6]^ .'NH.[Z"A&SJB)%JB)GH> 0$ .P$!

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
