SADIA S.A.

A Publicly-held Company

CNPJ/MF nº 20.730.099/0001-94

MARKET ANNOUNCEMENT

In view of the need to carry out an in-depth evaluation of the Decision of the Board of the Brazilian Securities and Exchanges Commission (Comissão de Valores Mobiliários) about the proposal submitted by the Company's Board of Directors to amend articles 15 and 37 of its Bylaws, disclosed last January 26, the Shareholders of Sadia S.A. are hereby informed that the Company's Extraordinary Shareholders Meeting scheduled to be held on February 1, is postponed to a new date to be informed on a timely basis.

São Paulo, January 29, 2007

Welson Teixeira Junior

Investor Relations Director