Notice to the Market

News published in the media

Brasil Brokers Participações S.A. ("Company"), a publicly-held company, with common shares traded on the Novo Mercado listing segment of the BM&FBOVESPA under the ticker BBRK3, hereby clarifies to its shareholders and the market in general the News published on the Valor Econômico newspaper, on the issue of December 1, 2014, as required by the CVM and BM&FBOVESPA, under the terms of the Official Letter transcribed below:

"Dear Sirs,

The News published on the Valor Econômico newspaper, on the issue of December 1, 2014, informs, among others, that this company:

  • Estimates a 16% year-over-year drop on the launches it intermediated in 2014, and a 25% decline on the sale of primary properties (including the sale of launches and inventories);
  • Scheduled 75 launches of developments for the quarter.

For better understanding the market, please include in the file to be sent, the transcription of the contents of the consultation elaborated above before the answer of this company.

Please present, by December 2, 2014, clarifications on the content of the abovementioned News, as well as other information deemed important.

This request complies with the scope of the Cooperation Agreement entered into between the CVM and BM&FBOVESPA on December 13, 2011. In the event of non-compliance with this request, the Company may be fined by the CVM’s Company Relations Superintendence (SEP), as per CVM Instruction 452/07.


Nelson Barroso Ortega
Issuer Monitoring Department"

All data provided by the Company during the interview are based exclusively on public information already made available to the market, and internal estimates for the past three months of the fiscal year.

The volume of properties launched and the sale of properties in the primary market can be found on the Press Release disclosed on November 13, 2014, referring to the third quarter of the current fiscal year. Based on studies and researches conducted by the Company, and considering the result already recognized and disclosed, amounts were estimated by the end of 2014.

With regard to the launches scheduled for the fourth quarter, the volume stated corresponds only to the number of developments existing at the Company’s launch bank on the date of the interview. Eventually, it may not have been clear from the reading of the article and, therefore, it is important to clarify that the volume of developments to be launched depends on several external factors not controlled by the Company. In all presentations and conferences addressing the matter, Brasil Brokers always points out that these volumes may vary significantly in a short period of time and that the Company cannot predict such changes, given that this decision is made by the developers. As a result, all and any estimate on future launches is valid only for the moment the information is disclosed.

The Company’s Investor Relations Department is at your disposal for further clarifications.

Rio de Janeiro, December 2, 2014.

Silvio Roberto Vieira Almeida
Investor Relations Officer

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