Notice to the Market - Cancellation of shares held in treasury

NOTICE TO THE MARKET

São Paulo, March 22, 2016 - EVEN CONSTRUTORA E INCORPORADORA S.A. ( "Company"), pursuant to the provisions in the Instruction No. 358 of the Securities and Exchange Commission ( "CVM"), of January 3, 2002, as amended, hereby informs its shareholders and the market in general that the Company‘s Board of Directors, at a meeting held on March 18, 2016, approved the cancellation of 8,293,408 (eight million, two hundred ninety-three thousand, four hundred and eight) common shares issued by the Company and currently held in treasury, with no share capital decrease, under Article 20, item (xvii), of the Company‘s Bylaws.

Due to the resolution mentioned above, the Company‘s share capital will be represented from now on by 225,000,000 (two hundred twenty-five million) common shares, all nominative, uncerticated and with no par value, with the amendment of Article 5 of the Company‘s Bylaws being subject to approval at the Company‘s Ordinary and Extraordinary General Meeting, to be held in April 2016, in order to include the new number of shares in which the share capital is split.

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Cordially,

Dany Muszkat
Co-CEO

Vinicius Mastrorosa
Strategy and IR Director

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