Press Release

Mills announces the approval of capital reduction of Nacht Participaes S.A.

Rio de Janeiro, October 30, 2012 - Mills Estruturas e Servios de Engenharia S.A (Mills) hereby announces, in accordance with CVM Instruction No. 358, of January 3, 2002, as amended, that it has been notified on this date of an Extraordinary Shareholders' Meeting of Nacht Participaes S.A. (Nacht Participaes), in which the reduction of Nacht Participaes' share capital was approved, with the delivery, to its shareholders, of all shares issued by Mills held by Nacht Participaes. According to the notice received, the capital reduction shall be effective following the 60-day statutory period, which shall commence on October 31, 2012. At the end of this period, in case there is no opposition from creditors, all 24,421,713 (twenty four million, four hundred and twenty one thousand, seven hundred and thirteen) shares issued by Mills currently held by Nacht Participaes shall be transferred to Nacht Participaes' shareholders, proportionally to their current ownership interest. The above mentioned notice also informed that neither the capital reduction, nor the related transfer of the shares issued by Mills, when effective, will result in a change of the corporate control of Mills, which is currently held by Nacht Participaes, its shareholders and Snow Petrel S.L. Such shares will remain subject to the terms of the "Shareholders Agreement of Nacht Participaes S.A.", executed on February 11, 2011, which also applies to Mills, according to its terms (Shareholders Agreement). Mills further announces that an amendment to the Shareholders Agreement has been executed on the date hereof to extend its term in order to permit a renegotiation of the provisions of the Shareholders Agreement, provided that the bases and assumptions of the Shareholders Agreement currently in effect will be maintained and that there will be no change of the corporate control of Mills, as recorded with the CVM.

For further information, contact: +55-21-2123-3700 or ri@mills.com.br IR Team: Alessandra Gadelha IR Officer Camila Conrado Carolina Henriques Gonalves

agadelha@mills.com.br cconrado@mills.com.br cgoncalves@mills.com.br

This press release may include declarations about Mills expectations regarding future events or results. All declarations based upon future expectations, rather than historical facts, are subject to various risks and uncertainties. Mills cannot guarantee that such declarations will prove to be correct. These risks and uncertainties include factors related to the following: the Brazilian economy, capital markets, infrastructure, real estate and oil & gas sectors, among others, and governmental rules that are subject to change without previous notice. To obtain further information on factors that may give rise to results different from those forecasted by Mills, please consult the reports filed with the Brazilian Comisso de Valores Mobilirios (CVM).

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