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, EVEN CONSTRUTORA E INCORPORADORA S.A. ("Company") 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 their managed investment funds and portfolios now held more than forty percent (40%) 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