Even announces its 1Q08 Results

EVEN Posts Net Revenue Growth in 1Q08 of 859% year on year

1Q08 Net Income Grows to R$14.6 Million

São Paulo, May 19, 2008 – Even Construtora e Incorporadora S.A. – EVEN (Bovespa: EVEN3), one of the largest developers and contractors in Brazil, with a focus on residential projects targeting the emerging, middle- and upper-middle-income segments, announces its results for the first quarter of 2008 (1Q08). Except where stated otherwise, the financial and operating information herein is presented in Brazilian Reais (R$) and in accordance with Brazilian Accounting Practices.

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