Notice to the Market - Disposal of Relevant Stake

NOTICE TO THE MARKET

São Paulo, August 17, 2015 - Even Construtora e Incorporadora S.A. - EVEN (BM&FBOVESPA: EVEN3), pursuant to Article 12 of Instruction 358 of January 3, 2002, issued by the Brazilian Securities and Exchange Commission ("CVM"), as amended, EVEN CONSTRUTORA E INCORPORADORA S.A. ("Company") hereby informs its shareholders and the market in general that it has received a communication from ALLIANCE BERNSTEIN L.P and its controller AXA S.A. 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
www.even.com.br/ir