Even discloses the 1Q15 results

São Paulo, May 07, 2015 – Even Construtora e Incorporadora S.A. – EVEN (Bovespa: EVEN3), with operations in São Paulo, Rio de Janeiro, Rio Grande do Sul and Minas Gerais and focus on residential developments with unit value above R$250,000 announces its results of the first quarter of 2015 (1Q15). Except where stated otherwise, the consolidated financial and operating information herein is presented in Brazilian real (R$).

• Dividends of R$59 million will be distributed on May 13;

• Breakdown of new share repurchase program in order to acquire 5% of company shares (approximately R$ 53 million with current share price);

• Low leverage (49.3% Net Debt/Net Equity) and cash position of R$ 661 million even after payment of R$118 million (principal plus interest rates) of company’s debts which matured in 1Q15;

• The company Even More is created, a new real estate company focused on São Paulo market to complement the works carried out by Even sales force;

• Delivery schedule for 2015 is adjusted at R$200 million to R$2.1 billion.

In order to download the 1Q15 Earnings Release, please click here.

Even, aiming to ensure the fair disclosure of its results, also invites for the Conference Call:

Conference Call in Portuguese with simultaneous translation into English

May 08, 2015

1:00 p.m. (New York time)
2:00 p.m. (Brasília time)
6:00 p.m. (London time)

Phone: +1 786 924-6977
Code: EVEN

Replay: +55 11 3193 1012
Code: 1098399#
Webcast: Click here

Participants are requested to connect 15 minutes prior to the schedule.

Replay: A conference call replay facility will be available until May 15th, 2015

In order to access the replay, dial mentioned numbers above.

Cordially,

Dany Muszkat
CFO and IRO

Ivan Bonfanti
IR Manager

IR Contact:
Phone: +55 11 3377-3777
Fax: +55 11 3377-3780
E-mail: ri@even.com.br
www.even.com.br/ir