Notice to the Market

NOTICE TO THE MARKET

São Paulo, May 13, 2016 - EVEN CONSTRUTORA E INCORPORADORA S.A. ( "Company"), pursuant to Article 12 of Instruction 358 of January 3, 2002, issued by the Brazilian Securities and Exchange Commission ("CVM"), as amended, hereby informs its shareholders and the market in general that it has received a communication from RUANE, CUNNIFF & GOLDFARB INC. informing the Company that the group of investment funds and portfolios managed by them now held more than ten percent (10%) of the Company‘s total and voting capital stock.

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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 3377-2499
Fax: +55 11 3377-3780
E-mail:ri@even.com.br
www.even.com.br/ir