Even discloses preliminary 1Q16 operating results

São Paulo, April 13, 2016 – Even Construtora e Incorporadora S.A. – EVEN (BM&FBOVESPA: EVEN3), a builder and developer with operations in the states of São Paulo, Rio de Janeiro, Rio Grande do Sul and Minas Gerais, focused on residential developments with units priced above R$250,000, announces its preliminary and unaudited data for launches, sales, land acquisitions and deliveries in the first quarter of 2016.

In the first quarter, three projects were launched, totaling R$ 101 million (Even’s share).

Contracted sales totaled R$ 315 million (Even’s share) in the first quarter, of which R$ 73 million (23%) from sales of launches in the quarter and R$ 242 million (77%) from units in inventory. The sales over supply (SOS) ratio was 13.3%.

In the first quarter, we acquired 7 new sites totaling a potential sales value of R$ 169 million (Even’s share) in Rio Grande do Sul, of which 4 will be allocated to lot development. Five sites were acquired through swaps and two of them, which account for only 8% of the PSV acquired in the period, were paid in cash. As a result, our land bank closed the first quarter with PSV of R$ 6.0 billion (Even’s share).

In the first quarter, seven projects (1,269 units) with launch PSV of R$ 520 million (Even’s share of launched PSV) were delivered.

¹Unaudited management figures, subject to alteration.

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