Notice to the Market - Audit Replacement

Notice to the Market

São Paulo, March 30, 2017 - Even Construtora e Incorporadora S.A. - EVEN (BM&FBOVESPA: EVEN3), pursuant to the provisions of Article 28 of Instruction No. 308, May 14, 1999, of the Brazilian Securities and Exchange Commission, as amended ("CVMI 308/99"), EVEN CONSTRUTORA E INCORPORADORA S.A. ("Company") announces to the Shareholders and to the market in general that PricewaterhouseCoopers was hired on March 23, 2017 as the new independent auditor of the Company, replacing Deloitte Touche Tohmatsu, which stated its agreement regarding the reasoning for the replacement.

The hiring of PricewaterhouseCoopers, which will start its activities from the review of the quarterly information (ITR) concerning the first quarter of 2017, aims to comply with the provisions of Article 31 of CVM Instruction 308/99, which establishes the rotation of independent auditors every five years.

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Cordially,

Dany Muszkat
Co-CEO

Vinicius Mastrorosa
Strategy and IR Director

Talles Oliveira
IR Analyst

IR Contact:
Phone: +55 11 3377-3682
E-mail:ri@even.com.br
www.even.com.br/ir

About EVEN:
Even has been working in the real estate sector for more than 40 years and is one of the largest builders and developers in the metropolitan region of São Paulo. It is present, primarily and strategically, in the cities of São Paulo, Rio de Janeiro and Porto Alegre. The company is vertically oriented, executing all development stages of its projects, from lot prospecting, property development and brokerage activities to the project‘s construction. Even owns two sales companies: Even Vendas and Even More, both of which operating in 100% of the Company‘s projects to sell units and providing exclusive services to Even. The Company follows sustainability principles in all of its business segments. Even believes that employing sustainability practices leads to less construction debris, increases the energy efficiency of its products and improves its image before clients and neighboring communities. Its shares are traded on the Novo Mercado Special Corporate Governance segment of the BM&FBOVESPA - Securities, Commodities and Futures Exchange, under the ticker EVEN3.