Material Fact

Rio de Janeiro, July 26, 2011 - Brasil Brokers (BM&FBovespa: BBRK3), hereby informs that acquired fifty-five percent (55%) of the interests representing the capital of the company that will perform the real estate brokerage operations of Home Hunters, a company that provides real estate consulting and brokerage services in Campinas, São Paulo.

The acquisition amount is estimated at R$8.8 million, with a R$3.1 down payment and the remaining balance will be paid in three annual variable instalments, calculated based on a earn-out structure, according to the future results achieved.

Pursuant to Article 256, item II, article “b”, of the Brazilian Corporate Law (Law 6404/1976), the Company will call an Extraordinary Shareholders’ Meeting to resolve on the matter. Shareholders who dissent from the acquisition will be entitled to withdraw from the Company. For the reimbursement of shares held by Brasil Brokers’ shareholders, the price will be R$3.35 per Company share, according to the March 31, 2011 balance sheet.

Regarding the exercise of the right to withdrawal, shareholders registered as such on the publication date of this material fact, July 26, 2011, will be entitled to reimbursement. Shareholders who acquire Company’s shares after July 26, 2011 will not be entitled to withdraw due to the approval of the acquisition.

Dissenting shareholders will have thirty (30) days to report their decision to withdraw from the Company, as from the publication date of the minutes of the Extraordinary Shareholder’ Meeting resolving on this acquisition.

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