ASA is a family owned Brazilian group comprised by three operating companies, consolidated under a holding company named Asa Participações e Administração Ltda, which is fully owned by the Amorim family (Aroldo Silva Amorim Filho, the current CEO, and Myriam Pinto de Amorim, his mother). Asa Alimentos is the main operating company of the group and fully controlled by the Amorim family; Asa Norte is controlled by the holding (51%), with the remainder being directly held by Aroldo Silva Amorim Filho (15%) and other partners as follows: José Luis Aborihan Gonçalves (30%), Sérgio Costa Araújo (2%) and Paulo Roberto Galleti (2%); while Frango Norte is a 50/50% JV of the Amorim family with two local partners: José dos Santos Carneiro (25%) and João Batista Carneiro (25%).

The Company was founded in 1967 with Mr. Aroldo Silva Amorim, father of the Group’s current CEO, initially focused on the production of hatching eggs and day-old chicks in the Center West region of Brazil. Currently the Company is a leading regional player with brand leadership in the Center West and North regions of the country. There are currently two members of the Amorim family with a management role in the Company: Aroldo Silva Amorim Filho, CEO, and his sister, Katia Pinto de Amorim, director responsible for the HR and IT functions. The rest of the management team is composed by professionals with experience in the protein and food sector.

The Project will involve providing an A-Loan of up to BRL 30 million and an up to US$ 6.8 million equivalent C-Loan (with income participation features), denominated in Brazilian Reais (or approximately BRL 15 million) to assist with ASA’s corporate needs. The Group has a total investment plan of around US$ 76 million over the next 6 years consisting of expansion capex for both its facilities located in DF/GO regions as well as in Tocantins State.

19.72 million (USD)

Product Line	IFC Investment (million USD)
Risk Management
Guarantee
Loan	19.72
Equity

* These investment figures are indicative

ASA’s headquarters are located in Brasilia, DF (Federal District) in Midwest region of Brazil. The Group’s facilities are spread out in the Federal District (Recanto das Emas, Paranoá, Samambaia, Santa Maria, Gama, Sobradinho, Brazilândia, Planaltina, and São Sebastião), Sates of Goias (Formosa, Nova Veneza, Luiziânia), State of Tocantins (in Paraiso do Tocantins, Araguaína, Tocantinópolis, and Aguiarnópolis cities) and São Paulo State (Ajapi). The slaughterhouse currently stopped and subject to the project mentioned herein is located in the city of Aguiarnópolis in Tocantins State.

The project will allow ASA to increase production of poultry and pork meat thus contributing to (i) employment generation in Tocantins, a frontier region; (ii) rural development as the Company will need to expand its current network of integrated small farmers who breed chicken and pork under contracts with ASA, which provides them with a stable source of income and (iii) the sustainable worldwide increase in food supply, being Brazil well-positioned to support this increase due to the country''s competitive advantages as a low-cost producer of protein.

(i) IFC''s investment will improve liquidity and support the expansion of an efficient poultry and pork producer in Brazil, providing a stamp of approval that will facilitate the Company''s access to other long term funds and (ii) IFC global industry and E&S expertise will assist the Company in the implementation of high environmental and social standards, thus contributing to a positive demonstration effect for the sector.

This is category B project according to IFC’s Policy on Social and Environmental Sustainability because of a limited number of specific environmental and social impacts may result that can be avoided or mitigated by adhering to generally recognized performance standards, EHS general and sector-specific guidelines or design criteria. Please refer to the Environmental and Social Review Summary for more details.

Please refer to the related Environmental and Social Review Summary (ESRS) document for this project.

Please refer to the Environmental and Social Action Plan (ESAP) tab in the related Environmental and Social Review Summary (ESRS) document for this project.