EVEN announces its 1Q09 Results

Even reports EBITDA growth of 91% year on year in the first quarter of 2009

We ended the quarter with a cash position of R$ 288,0 million.

São Paulo, May 12, 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 first quarter of 2009 (1Q09). Except where stated otherwise, the consolidated financial and operating information herein is presented in Brazilian reais (R$).

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