Notice to the Market

Rio de Janeiro, September 11, 2012 - Brasil Brokers (BM&FBovespa: BBRK3), a real estate brokerage and consulting company, as amended by CVM Rules 369/02 and 449/07, hereby announces that through the correspondence sent on September 10, 2012, the investment funds managed by SQUADRA INVESTIMENTOS - GESTÃO DE RECURSOS LTDA., corporate taxpayer ID CNPJ/MF nº 09.267.871/0001-40 and non-resident investors managed by SQUADRA INVESTMENTS - GESTÃO DE RECURSOS LTDA., corporate taxpayer ID (CNPJ/MF) nº 09.278.157/0001-58, both with head offices in the City and State of Rio de Janeiro, at Avenida Borges de Medeiros, nº 633, salas 703 e 704(parte), now hold ten million, one hundred, five thousand and five hundred (10,105,500) common shares issued by the Company, representing five point, twenty-four percent (5.24%) of the Company’s total share capital.

Investors declare that these acquisitions do neither aim at changing the ownership structure nor the Company’s administrative structure.

The original correspondence is filed at the Company’s head offices.

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