News

MATERIAL FACT

Brasil Brokers Participações S.A. (“BR Brokers” or “Company”), a publicly held corporation whose common shares are traded on the BOVESPA’s Novo Mercado under the ticker BBRK3, pursuant to CVM Instruction 358, of January 3, 2002, as amended, and in line with the Material Facts disclosed on June 5, and August 6, 2008, hereby informs its shareholders and the market in general that:

1. On August 26, pursuant to the Investment Agreement entered into on August 5 with Abyara - Assessoria, Consultoria and Intermediação Imobiliária Ltda. and Abyara Planejamento Imobiliário S.A. (jointly “Abyara"), BR Brokers, through the subscription and purchase of previously issued shares, acquired control of Abyara Intermediação Imobiliária S.A. (“Partnership”).

2. Due to the formalization of the investment, the company’s name was changed to Abyara Brokers Intermediação Imobiliária S.A. ("Abyara Brokers").

3. On the same date, among other contractual instruments, Abyara and BR Brokers entered into a Shareholders’ Agreement to define and regulate the rights and obligations of the Partnership’s shareholders.

4. On the same date, BR Brokers paid R$ 150,000,000.00 (one hundred and fifty million reais) for new shares issued as a capital increase by the Partnership. Pursuant to the agreement the following additional amounts will be disbursed by BR Brokers:

a. up to 120 (one hundred and twenty) days as of the execution date: the transfer of R$ 26,000,000.00 (twenty-six million reais) as a Partnership capital increase;

b. up to 120 (one hundred and twenty) days as of the execution date: the payment of R$ 24,000,000.00 (twenty-four million reais) to the Abyara Planejamento Imobiliário S.A., for the purchase of shares that were previously part of the Partnership’s capital.; and

c. up to 180 (one hundred and eighty) days as of the execution date: the payment of R$ 50,000,000.00 (fifty million reais) to Abyara Planejamento Imobiliário S.A., for the purchase of shares that were previously part of the Partnership’s capital.

Rio de Janeiro, August 27, 2008.

BRASIL BROKERS PARTICIPAÇÕES S.A.
Álvaro Soares
CFO and IRO 

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