Notice to the Market - Disposal of Relevant Stake

NOTICE TO THE MARKET

São Paulo, June 15, 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 ARX INVESTIMENTOS LTDA., registered with the CNPJ/MF under the number 04408128 / 0001-40, informing the Company that their managed investment funds and portfolios now held less than five percent (5%) of the Company‘s total and voting capital stock, as per the document transcribed below.

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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