PRESS RELEASE

MULTIPLAN ACQUIRES LAND PLOT OF 36,000 M IN RIO DE JANEIRO, NEXT TO VILLAGEMALL

Rio de Janeiro, December 16, 2011 MULTIPLAN EMPREENDIMENTOS IMOBILIRIOS S.A. (BM&FBOVESPA: MULT3) announces the acquisition of a plot of land with 36 thousand m in Barra da Tijuca, city of Rio de Janeiro. The area, where a Walmart supermarket is currently in operation, is adjacent to VillageMall a shopping center under construction by Multiplan and stretches from the Avenida das Amricas to the Tijuca Lagoon. The land is characterized by its exclusive location and for benefiting from the appreciation generated by the surrounding complex composed of BarraShopping, New York City Center, Centro Empresarial BarraShopping and the upcoming VillageMall. With this acquisition, the company increases its land bank to 619 thousand m2, up from 583 thousand m2, enhancing its growth opportunities in the region and increasing its presence in one of the fastest growth regions in the country and growth vector of the city of Rio de Janeiro. The land was acquired for R$231 million (R$6.4 thousand/m), through a private tender conducted by Walmart and won by Multiplan. This is a unique land plot due to its size and privileged location which allows the expansion of VIllageMall and the construction of corporate buildings integrated to the Companys malls. A cycle started back in 1981 with the inauguration of BarraShopping should become the largest integrated commercial complex in the country. This complex will have a street front that will extend for 1.2 km of the Avenue of the Americas and is expected to offer parking area for over 12 thousand vehicles in addition to a built area greater than 550 thousand m. Armando dAlmeida Neto CFO and IRO

Multiplans Complex in Barra da Tijuca, Rio de Janeiro

Disclaimer: Readers/investors should be aware that many factors may mean that our future results differ from the forward-looking statements in this document. The Company has no obligation to update said statements. Forward-looking statements refer to future events which may or may not occur. Our future financial situation, operating results, market share and competitive positioning may differ substantially from those expressed or suggested by said forward-looking statements. Many factors and values that can establish these results are outside the companys control or expectation. The reader/investor should not rely exclusively on the information contained herein to make investments.

IR Multiplan
Tel: 55 21 3031-5200 Fax: 55 21 3031-5322

Address: Av. das Amricas, 4.200 Bloco 2 - Sala 501 Duplex Barra da Tijuca - Rio de Janeiro CEP: 22640-102 W e b s i t e : w w w . m u l t i p l an . co m. b r/ i r

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