Saxena White P.A. Has Filed a Securities Fraud Class Action Suit Against Sadia S.A. in the Southern District of New York

BOCA RATON, FL--(Marketwire - November 5, 2008) - Notice is hereby given that Saxena White P.A. has filed suit on behalf of shareholders of Sadia S.A. ("Sadia" or the "Company") (NYSE: SDA) (BOVESPA: SDIA4) in the United States District Court for the Southern District of New York.

The complaint seeks damages for violations of federal securities laws on behalf of all investors who purchased Sadia S.A. American Depository Receipts (ADRs) and/or common stock between May 1, 2008 through September 26, 2008, inclusive (the "Class Period"). Sadia is a producer and marketer of food products and exports their products throughout the world.

During the Class Period, Sadia entered into undisclosed currency derivative contracts to purportedly hedge against the Company's U.S. dollar exposure. The Company characterized the amounts of these contracts as "nominal." However, these contracts violated Company policy in that they were far larger than necessary to hedge normal business operations and resulted in a loss of $365 million. As a result of Defendants' admission of violating Company policy regarding currency hedging, the American Depository Receipts of Sadia S.A. closed at $9.50 per share, down from the previous day's close of $15.27, a decline of 38%.

You may obtain a copy of the complaint from the Court, by contacting Saxena White P.A. through its website www.saxenawhite.com, by emailing jwhite@saxenawhite.com or gstone@saxenawhite.com, or by calling (561) 394-3399.

If you acquired the American Depository Receipts and/or common stock of Sadia S.A. between May 1, 2008 and September 26, 2008, inclusive, you may wish to contact Joe White or Greg Stone at Saxena White P.A. to discuss your rights and interests.

If you wish to apply to be the lead plaintiff in this action, a motion on your behalf must be filed with the court no later than January 5, 2009. You may contact Saxena White P.A. to discuss your rights regarding the appointment of lead plaintiff and your interest in the class action. Please note that you may also retain counsel of your choice and need not take any action at this time to be a class member.

Saxena White P.A., which has offices in Boca Raton and Boston, specializes in prosecuting securities fraud and complex class actions on behalf of institutions and individuals. Currently serving as lead counsel in numerous securities fraud class actions nationwide, the firm has recovered millions of dollars on behalf of injured investors and is active in major litigation pending in federal and state courts throughout the United States.

Contact Information: Contacts: Joseph E. White, III Greg Stone Saxena White P.A. 2424 North Federal Highway Suite 257 Boca Raton, FL 33431 Tel: (561) 394-3399 Fax: (561) 394-3382 www.saxenawhite.com