Estatute Board

The Company’s executive officers are its legal representatives, principally responsible for the day-to-day management of its business and for implementing the policies and general guidelines determined by its shareholders and by its Board of Directors. Moreover, according to M. Dias Branco’s by-laws, any act that is not of exclusive responsibility of the general shareholders meetings, will become the responsibility of its executive officers.

The members of the Company’s Board of Executive Officers are elected by the Board of Directors for three-year terms, and can be reelected and removed at any time by the Board of Directors. M. Dias Branco’s Chief Executive Officer is responsible for: (i) implementing coordinated and integrated actions in the production process, (ii) developing the Company’s operations in accordance with previously approved terms, (iii) defining its strategies and operating guidelines and (iv) establishing the criteria for implementing the resolutions passed at meetings of its shareholders or Board of Directors, together with other executive officers, for supervising all its operations, coordinating and monitoring the activities of the executive officers and for presiding over their meetings.

The Regulations of the Novo Mercado segment of the Bovespa require officers to sign a management term of agreement before they may assume their respective posts. By signing this term, the officers of M. Dias Branco expressly assume personal responsibility for complying with the rules stated in the Term of Agreement of the Novo Mercado, the Novo Mercado Regulations, and the Market Arbitration Chamber Regulations.

Francisco Ivens de Sá Dias Branco Júnior. Mr. Ivens Jr, 58 years, is the Company’s Chief Executive Officer and Industrial Vice President for Crackers, Cookies, Pasta, Margarine, Cakes and Snacks. He began his career at the Company in 1976 working on several of its divisions. In 1981, for his performance in the Company’s industrial area, he was appointed Industrial Officer of the Company, and became a shareholder. In 2002, he contributed significantly to the implementation of the G.M.E. Division in the State of Ceará, one of the Company’s plants that manufactures margarine and vegetable shortening. In 2003, Mr. Ivens Jr. became the Company’s Superintendent Officer, a position that he held until being appointed to his current position. Throughout his career, he received several awards and titles, such as the Edson Queiroz Medal, awarded in 2005 by the House of Representatives of the State of Ceará. He became the Company’s Industrial Vice President in 2006. Mr. Ivens Jr. has not worked for other publicly held companies.

Francisco Cláudio Saraiva Leão Dias Branco. Mr. Claudio, 52, is the Industrial Vice‐President – Mills of the Company, in which he has been a shareholder since 1998. He started his business activities at the Company, assuming, in 1992, the position of Industrial Director of Moinho Dias Branco, the Company’s first wheat milling unit. In 2003, he assumed the position of Corporate Industrial Director ‐ Mill Division of the Company and, 2013, he became a member of the Company‘s audit committee. Responsible for introducing the company’s milling units, Mr. Cláudio graduated in Mechanical Engineering by Universidade de Fortaleza, 1980, and started his extensive specialization path in wheat milling, attending many courses in different countries, highlighting the Milling Technology Course provided by Swiss Milling School, St. Gallen, in 1991. Mr. Cláudio obtained, in 1992, at the Buhler Training Center, in Uzwil, Switzerland, the certificate on Wheat Milling Technology. Also in 1992, Mr. Claudio as an intern at Weston Research, Maidenhead, England. In 1999, he participated in the Abitrigo’s Baking and Milling Program. He was Director of the Federation of Industries of the State of Ceará – FIEC, between 1999 and 2002, and Director of the Brazilian Association of Wheat Industries – ABITRIGO, between 2002 and 2004. His first term of office at the Company started in April 2006. Mr. Claudio has not worked in other publicly‐traded companies.

Rômulo Ruberti Calmon Dantas. Mr. Rômulo Dantas, 55, Business Administrator with a post-graduate degree in Marketing from ESPM and an MBA in Business Administration from FGV, certified in the Management Program for Entrepreneurial Leadersat Insead (France), at the Institute of Certification of Security Professionals and in the Brazilian Institute of Corporate Governance as Board Member. Mr. Rômulo has wide experience as an executive of large companies, such as Kibon, Souza Cruz, PepsiCo Alimentos, Hypermarcas and Ontex Brasil. He served as Vice-Chairman of Pepsico Alimentos and Vice-President Commercial and Logistics of Ontex Brasil.

Maria Regina Saraiva Leão Dias Branco. Ms. Regina, 57 years old, is currently the Company‘s Vice-President of Management and Development, in which she has been a shareholder since 1998. She started his business career at the Company, in 1980. In 1989, she took the office of the Company‘s Administrative Officer, position performed until 2003, when she was appointed as Corporate Administrative Officer. She holds a Bachelor‘s Degree in Business Administration, in 1987, by Universidade de Fortaleza – UNIFOR. In 2008, she completed an MBA in Business Management by Fundação Getúlio Vargas. She annually attends an event targeted to directors from major organizations on leadership, strategy and management. In paralell, she is the Administrative Officer of Idibra Participações S.A., a business from the same economic group as the Company, operating in the real estate development and civil construction market. Her first term of office at the Company started in April 2006. Ms. Regina has not worked in other publicly‐traded companies.

Maria das Graças Dias Branco da Escóssia. Ms. Graça Escóssia, 56 years, is Vice President of Finance, member of the Board of Directors of the Company, and a shareholder since 1998. She began her career in 1985, as part of a hotel management team and later became its Vice President. In 2001, Ms. Graça became Institutional Relations Officer of the Company, and, in 2003, Corporate Institutional Relations Officer, where she worked until April 2006 when was appointed Vice President of Finance, its current position. Ms. Graça received a Law degree from Universidade Federal do Ceará in 1985 and concluded a management specialization program in 2008. Ms. Graça has not worked for other publicly held companies.

Gustavo Lopes Theodozio. Mr. Gustavo, 43 years old, is the Company’s Vice-President of Investment and Controlling and Investor Relations Officer. He has a degree in Business Administration, an MBA in Business Management and a Postgraduate Degree in Accounting and Controlling. In over 25 years of career, he has occupied leading positions in the Financial and Investor Relations areas at companies such as Biosev (Louis Dreyfus Company), Unipar Carbocloro (Solvay Indupa), JBS (JBS Couros, Vigor and Itambé) and Grupo JCPM (Bompreço Supermarkets of the NE and Jornal do Commercio Communication System). He also held the position of Director at Solvay Indupa, Solalban Energy and Tecsis.