EVEN announces its 4Q08 Results

Even reports net income of 79.7 million in 2008

We ended the year with a cash position of R$322.1 million.

São Paulo, March 16, 2009 – Even Construtora e Incorporadora S.A. – EVEN (Bovespa: EVEN3), one of Brazil‟s largest builders and developers focused on residential and commercial projects for the affordable, emerging, middle and upper middle-income segments, announces its results for the fourth quarter of 2008 (4Q08) and the year ended December 31, 2008 (12M08). Except where stated otherwise, the consolidated financial and operating information herein is presented in Brazilian Reais (R$).

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