Nathan Krieger

Living

R$ 157 million Net Income: 56% higher than 1Q09 and 67% higher than 2Q08 Increase in sales speed for all income segments: pre-crisis levels Lower interest rate in 50 years will be positive for the activity in the mid-high segments Housing Program "Minha Casa, Minha Vida" 􀀹 One thousand units launched out of more than 10 thousand units already approved by CEF 􀀹 1st contract of the Housing Program "Minha Casa, Minha Vida" with Banco do Brasil 􀀹 70% sold in the month of launch Goldsztein`s acquisition completed after approval on Shareholders' Meeting held on June 2009 Board of Directors approved R$ 350 million loan due in 5 years Clearer perspectives of the market allow Cyrela to announce guidance for 2009 and 2010 􀀹 Guidance for 2009 Sales and launches: between R$ 4.6 and R$ 5.1 billion (Cyrela's share: 70% to 75%) 􀀹 Guidance for 2010 Launches between R$ 6.9 and R$ 7.7 billion (Cyrela's share: 73% to 77%) Sales between R$ 6.2 and R$ 6.9 billion (Cyrela's share: 73% to 77%)