Even discloses preliminary 4Q15 operating results

São Paulo, January 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 fourth quarter of 2015.

In the fourth quarter, five projects were launched, totaling R$ 457 million (Even‘s share).

Contracted sales totaled R$ 465 million (Even‘s share) in the fourth quarter, of which R$ 190 million (41%) from sales of launches in the quarter and R$ 276 million (59%) from units in inventory. The sales over supply (SOS) ratio was 16.0%.

In the fourth quarter, three sites with a combined PSV of R$ 249 million (Even‘s share) were acquired. The sites were acquired through swaps and one of them has already been launched in the same quarter (Maxplaza – 1st phase). As a result, land bank closed 4Q15 with a PSV of R$ 5.8 billion (Even‘s share).

In the fourth quarter, seven projects (1,456 units) with launch PSV of R$651 million (Even‘s share of launched PSV) were delivered.

¹Unaudited management figures, subject to alteration.

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