EVEN announces its 1Q10 Results

EVEN ANNOUNCES ITS 1Q10 RESULTS

Even’s net income increases 283% from 1Q09 to R$44.1 million

Contracted sales of R$434 million in the quarter

São Paulo, May 10, 2010 – Even Construtora e Incorporadora S.A. – EVEN (Bovespa: EVEN3), with operations in the states of São Paulo, Minas Gerais, Rio de Janeiro and Rio Grande do Sul and a focus on residential developments with units priced up to R$500,000, announces launch and sales data for the first quarter of 2010 (1Q10). Except where stated otherwise, the consolidated financial and operating information herein is presented in Brazilian real (R$).

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