Even exceeds its 2011 launch guidance, with a sales-over-supply ratio (SOS) of 27% in 4Q11

Even exceeds its 2011 launch guidance and reaches R$2.1 billion, with a sales-over-supply ratio (SOS) of 27% in 4Q11

Even acquired land with a PSV of R$294 million in 4Q11, giving a total of R$2.2 billion in 2011

São Paulo, January 09, 2012 - Even Construtora e Incorporadora S.A. - EVEN (BM&FBovespa: EVEN3), a builder and developer with operations in the states of São Paulo, Minas Gerais, Rio de Janeiro and Rio Grande do Sul and with a focus on residential developments with units priced up to R$500,000, announces its preliminary and unaudited launch, sales, land acquisition and deliveries figures for the fourth quarter (4Q11) and full year of 2011.

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