Preliminary 1Q12 Results: Launches of R$516 million, sales of R$525 million and sales-over-supply ratio of 28%

Launches of R$516 million, sales of R$525 million and sales-over-supply ratio of 28% in 1Q12

Period site acquisitions with a total PSV of R$563 million

São Paulo, April 16, 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 a focus on residential developments with units priced up to R$500,000, announces its preliminary and unaudited data for its launches, sales, site acquisitions and projects delivered in the first quarter of 2012 (1Q12).

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