Notice to the Market

Rio de Janeiro, November 28, 2011 - Brasil Brokers (BM&FBovespa: BBRK3), a real estate brokerage and consulting company, informs its shareholders and the market in general that, pursuant to Article 12 of CVM Instruction 358 of January 3, 2002, as amended by CVM Instructions 369/02 and 449/07, that fourteen of the its shareholders, all subscribers to the Company’s Shareholders’ Agreement, have sold common shares issued by the Company, corresponding to two point nine-eight per cent of its capital stock. The transaction was coordinated by Corretora de Títulos e Valores Mobiliários do Morgan Stanley S.A., through a special auction held by the BM&FBovespa - Securities, Commodities and Futures Exchange.

The shares were sold on November 28, 2011, for five reais and ninety centavos (R$5.90) per share.

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