JBS S.A.Financial statements and Independent auditors' reportAs of June 30, 2015 and 2014 Tel)* +(( '' #,&, (,,- Rua Ma.or /uedinho %- a0* + (( '' #-&( 1#2# Consola34o 5 S4o Paulo6 SP 7 8rasil 999):do:ra;ilrcs)com):r -'-(-7-#- # (Convenience translation into English from the original previously issued in Portuguese) I%&'('%&'%)A*&I)+,S,'-I'.,'(+,)+%)/'I%)',I01I%A%IA2 I%1+,0A)I+% To the Shareholders6 8oard of nformation 5 >TR6 identifiedasCompanyandConsolidated6respectively6forthe?uarterendedon @une #-6 $-'(6 9hich comprise the :alance sheet on @une #-6 $-'( and the related statementsofincomeandcomprehensiveincomeforthreeand si07monthperiods thenended6andthestatementsofchangesine?uityandcashflo9sforthesi07monthperiodthenended6as9ellasasummaryofthesignificantaccounting practices and other notes) Managementisresponsi:leforthepreparationoftheindividualandconsolidated interim financial information in accordance 9ith Technical Pronouncement CPC $' (R')5>nteriminancialReportingand9iththe>nternationalAccountingStandard (>AS)#&7>nteriminancialReporting6issued:ythe>nternationalAccounting Standards8oard(>AS8)6andforthepresentationoftheseinterimfinancial information in accordance 9ith the standards issued :y the 8ra;ilian Securities and E0changeCommission(C"M)applica:letothe/uarterlyinancial>nformation7 >TR)Burresponsi:ilityistoe0pressaconclusiononthisinterimfinancial information :ased on our revie9) Scope of t!e review =econductedourrevie9inaccordance9ith8ra;ilianand>nternationalStandard on Revie9 of interim financial information (C8C TR $&'- and >SRE$&'- 7 Revie9 of >nteriminancial>nformationPerformed:ythe>ndependentAuditoroftheEntity6 respectively))Arevie9ofinteriminformationconsistsofmaDingin?uiries6 primarily of persons responsi:le for financial and accounting matters6 and applying analyticalandotherrevie9procedures)Arevie9issu:stantiallylessinscopethan anauditconductedinaccordance9ith>nternationalStandardsonAuditingand conse?uently does not ena:le us to o:tain assurance that 9ould :ecome a9are of all significant matters that might :e identifiedin an audit) Accordingly6 9e do not e0press an audit opinion) & onclusion on t!e individual and consolidated interim financial information 8ased on our revie96 9e are not a9are of any fact that causes us to :elieve that theindividualandconsolidatedinterimfinancialinformationincludedinthe /uarterlyinancialinformation7>TRreferredtoa:ove9erenotprepared6inall materialrespects6inaccordance9ithCPC$'(R')and>AS#&applica:leto /uarterlyinancial>nformation7>TRandpresentedinaccordance9iththe standards issued :y the 8ra;ilian Securities and E0change Commission (C"M)) +t!er issues Interim statements of added value =e have also revie9ed the individual and consolidated interim statement of added valueforthesi07monthperiodended@une#-6$-'(6preparedunderthe responsi:ilityoftheCompanyEsmanagement69hosedisclosureintheinterim financialinformationisre?uiredinaccordance9iththestandardsissued:ythe 8ra;ilian Securities and E0change Commission (C"M) applica:le to the preparation ofthe/uarterlyinancial>nformation5>TRandconsideredassupplemental information:ythe>nternationalinancialAccountingStandards(>RS)69hichdo notre?uirethedisclosureoftheStatementofAdded"alue)Thisstatement9as su:mittedtothesamerevie9procedurespreviouslydescri:edand:asedonour revie96 9e are not a9are of any fact that 9ould lead us to :elieve that they have not:eenfairlystated6inallmaterialrespects6inrelationtotheindividualand consolidated interim financial information taDen as a 9hole) Theaccompanyingfinancialstatementshave:eentranslatedintoEnglishforthe convenience of readers outside 8ra;il) S4o Paulo6 August '$6 $-'() B&+ ,S Auditores Independentes SS , 2S( 013789:+;1 (aulo S