EVEN announces its 2Q08 Results

EVEN Posts Net Revenue Growth in 1H08 of 102.6% year on year

Net Income Grows to R$34.7 Million in the Six-Month Period

São Paulo, August 14, 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 affordable, emerging, middle-income and upper-middle-income segments, announces its results for the second quarter of 2008 (2Q08) and the six-month period ended June 30, 2008 (1H08). Except where stated otherwise, the consolidated financial and operating information herein is presented in Brazilian real (R$).

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