News

Material Fact

Rio de Janeiro, August 29, 2011 - Brasil Brokers (BM&FBovespa: BBRK3), a real estate brokerage and consulting company, pursuant to CVM Instruction 358/2002, and pursuant to the Material Facts disclosed on August 5, 2008 and August 27, 2008, informs its shareholders and the market in general of the following:

1. On August 5, 2008, the Company and Abyara Planejamento Imobiliário S.A., a joint-stock, publicly-held company with shares traded on the Novo Mercado segment of the BM&FBOVESPA under the ticker ABYA3, and Abyara - Assessoria, Consultoria e Intermediação Imobiliária Ltda. (jointly, “Abyara”), entered into an investment agreement whereby Brasil Brokers acquired, through the subscription and purchase of shares, the share control of Abyara Brokers Intermediação Imobiliária S.A. ("Abyara Brokers"), corporation established to perform real estate brokerage operations, consultancy and/or assistance in real estate purchase and sale, activities which had been performed by Abyara‘s subsidiaries.

2. On August 26, 2008 the Company made the aforementioned investment, subscribing the capital increase in Abyara Brokers’ capital stock, and entered into the “Stock Option Agreement for Shares Issued by Abyara Brokers Intermediação Imobiliária S.A.” (“Option Agreement”), whereby Abyara granted the Company the option to buy interest in Abyara Brokers’ capital stock, with maturity in one, two and three years of the signing of the Option Agreement, with the option price calculated based on Abyara Brokers’ net income and the Company’s P/E ratio, and in line with the Company‘s market cap limit.


3. On August 26, 2011, the Company exercised the option maturing in 2011, thus acquiring all the remaining shares of Abyara Brokers (“Option Shares”), representing 20.0% of shares issued by Abyara Brokers. With the acquisition, Brasil Brokers now holds one hundred percent (100.0%) of Abyara Brokers’ capital stock.

4. The exercise price of the option was one real (R$1.00) for all Option Shares.

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