New Milano‘s clarification regarding the latest news published in the press

NOTICE TO THE MARKET

São Paulo, October 22, 2015 - Even Construtora e Incorporadora S.A. - EVEN (BM&FBOVESPA: EVEN3), hereby informs its shareholders and the market in general that it has received a communication from NOVA MILANO INVESTIMENTOS LTDA., registered with the CNPJ/MF under the number 12.263.316/0001-55, informing the Company that will manifest in due time their vote endorsing the permanence of Mr. Dany Muszkat and Mr. João Eduardo de Azevedo Silva as Co-CEOs holding them ahead of Company‘s management.

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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