Notice to the Market - Acquisition of Relevant Stake

NOTICE TO THE MARKET

São Paulo, May 20, 2015 - Even Construtora e Incorporadora S.A. - EVEN (BM&FBOVESPA: EVEN3), with operations in São Paulo, Rio de Janeiro, Rio Grande do Sul and Minas Gerais and focus on residential developments with unit value above R$250,000 pursuant to Article 12 of Instruction 358 of January 3, 2002, issued by the Brazilian Securities and Exchange Commission ("CVM"), hereby informs its shareholders and the market in general that it has received a communication from NOVA MILANO INVESTIMENTOS LTDA., inscribed in the corporate roll of taxpayers ("CNPJ/MF") under number 12.263.316/0001-55, informing the Company that their managed investment funds and portfolios now held more than five percent (5%) of the Company‘s total and voting capital stock.

Cordially,

Dany Muszkat
CFO and IRO

Ivan Bonfanti
IR Manager

Fernanda Brienza
IR Analyst

IR Contact:
Phone: +55 11 3377-3777
Fax: +55 11 3377-3780
E-mail:ri@even.com.br