EVEN announces its 4Q10 Earnings Release

Even reports Net Income of R$252.5 million and ROE of 22% in 2010

São Paulo, March 28, 2011 - Even Construtora e Incorporadora S.A. - EVEN (BM&FBovespa: EVEN3), with operations in the states of São Paulo, Minas Gerais, Rio de Janeiro and Rio Grande do Sul and a focus on residential developments with units priced up to R$500,000, announces its results of the fourth quarter of 2010 (4Q10). Except where stated otherwise, the consolidated financial and operating information herein is presented in Brazilian real (R$).

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