Mergent New Listing Report
Transcription
Mergent New Listing Report
Page 1 Mergent New Listing Report MERGENT INDUSTRIAL NEW LISTING August 5, 2014 This Supplemental News Reports is published as required, is part of the annual MERGENT INDUSTRIAL and INTERNATIONAL Manuals and will be included in the bound 2014 August Monthly News Reports and is published on our Website. CYRELA BRAZIL REALTY S A EMPREENDIMENTOS E PARTICIPACOES Company Website:: www.cyrela.com.br History: Incorporated in Brazil on Dec. 13, 1993 as Brazil Realty S.A. Empreendimentos e Participacoes, as a result of the partnership between the Argentine group IRSA - Inversiones y Representaciones Sociedad Anonima and the Cyrela Group of Brazil. Present name adopted on May 25, 2005. In Aug. 1997, Co. established Brazil Realty Servicos e Investimentos Ltd., headquartered in Portugal. In 1998, Co. sold 20% of its interest in ABC Plaza Shopping Investment Fund to a local pension fund. In 1998, Co. established BRX Administradora de Shopping Centers and BRC Servicos. In Apr. 1998, Co. merged its subsidiary Sociedade em Conta de Participacao - CTI into its own operations. In this operation, Co. assumed a total of R$2,499,000 in assets and liabilities. In 2003, Co. merged the following companies into its own operations: Pintassilgo de Investimentos Imobiliarios Ltda. and Artimoveis de Investimentos Imobiliarios Ltda. Business Summary: Cyrela Brazil Realty Empreendimentos e Participacoes is engaged in the development and construction of residential units, individually or together with other business partners. Co.’s operating segments are real estate development and resale activities; land subdivision activities; and service provision. The real estate development and resale segment is subdivided and presented with the product developed and the price range of the unit to be sold, as follows: (i) Medium, medium-high and high standard, which includes real estate ventures with sales prices above R$400,000; (ii) Medium, affordable and low cost, which includes real estate ventures with sales prices not exceeding R$400,000. Property: Co.’s head office is located in Sao Paulo, Brazil. Subsidiaries (Wholly owned unless otherwise indicated) Abc Ii De Invest Imob Ltda (64%) Abc Realty De Invest Imob Ltda (94.99%) Adiel Empreend Imob Ltda (79.99%) Andaluzia Empreend Imob Ltda (99.99%) Andorra Empreend Imob Ltda (79.99%) Angra Dos Reis Empreend Imob Ltda (67.89%) Atlantida Empreend Imob Spe Ltda (99.99%) B R Servicos E Invest Bahamas Ltda Barao De Miracema Empreend Imob Spe Ltda Barra Do Pirai Empreend Imob Ltda (99.99%) Basco Empreend Imob Ltda (99.99%) Blumenau Incorporadora Ltda (50%) Boa Vista Empreend Imob Spe Ltda (60%) Brazil Realty - Cia Securit De Lavor Ltda Brc Adm E Participacao Ltda Bretanha Empreend Imob Ltda (99.99%) Budapeste Empreend Imob Ltda (99.99%) Cabo Frio Empreend Imob Ltda (99.99%) Cabo Frio Incorporadora Ltda (50%) Cacapava Empreitada De Lavor Ltda (99.99%) Cajati Empreend Imob Ltda (99.99%) Calafete Invest Imob Ltda Cananeia Empreend Imob Ltda (99.99%) Caninde De Invest Imob Ltda (96.84%) Canoa Quebrada Empreend Imob Ltda (99.99%) Capital Realty De Invest Imob Ltda (99.99%) Carapa Empreend Imob Ltda (60%) Carcavelos Empreend Imob Ltda (99.99%) Cbr 004 Empreend Imob Ltda (99.99%) Cbr 012 Empreend Imob Ltda Cbr 013 Empreend Imob Ltda (99.99%) Cbr 015 Empreend Imob Ltda (99.99%) Cbr 017 Empreend Imob Ltda (99.99%) Cbr 024 Empreend Imob Ltda (50%) Cbr 025 Empreend Imob Ltda (50%) Cbr 030 Empreend Imob Ltda (50%) Cbr 031 Empreend Imob Ltda (99.99%) Cbr Ass E Consult Imob Ltda (99.99%) Century De Invest Imob Ltda Corsega Empreend Imob Ltda (99.99%) Country De Invest Imob Ltda (97.23%) Cybra De Invest Imob Ltda (99.99%) Cyrela Aconcagua Empreend Imob Ltda (98.46%) Cyrela Administradora De Bens Ltda (99.99%) Cyrela Alasca Empreend Imob Ltda (99.99%) Cyrela Anis Empreend Imob Ltda (99.99%) Cyrela Asteca Empreend Imob Ltda (99.99%) Cyrela Austurias Empreend Imob Ltda (99.99%) Cyrela Azaleia Empreend Imob Ltda (99.99%) Cyrela Bahia Empreend Imob Ltda (98.46%) Cyrela Begonia Empreed Imob Ltda (99.99%) Cyrela Belgrado Empreend Imob Ltda (99.99%) Cyrela Bentevi Empreen Imob Ltda (99.99%) Cyrela Bol¿via Empreend Imob Ltda (99.99%) Cyrela Boraceia Empreend Imob Ltda Cyrela Borgonha Empreend Imob Ltda (80%) Cyrela Bracy De Invest Imob Ltda (96.5%) Cyrela Braga Empreend Imob Ltda Cyrela Braganca Empreend Imob Ltda Cyrela Brazil Realty Rjz Empr Imob Ltda Cyrela Calabria Empreend Imob Ltda (99.99%) Cyrela Canarios Empreend Imob Ltda (99.99%) Cyrela Castilha Empreend Imob Ltda (99.99%) Cyrela Caxambu Empreend Imob Ltda (99.99%) Cyrela Chavin Empreend Imob Ltda (99.99%) Cyrela Chile Empreend Imob Ltda (85%) Cyrela Classic De Invest Imob Spe Ltda (95.75%) Cyrela Coimbra Empreend Imob Ltda (99.99%) Cyrela Comercial Imob Ltda (89%) Cyrela Congonhas Empreend Imob Ltda (99.99%) Cyrela Conquista Empreend Imob Ltda (80%) Cyrela Construtora Ltda Cyrela Cordoba Empreend Imob Ltda (99.99%) Cyrela Costa Rica Empreend Imob Ltda Cyrela Cristal Empreend Imob Ltda Cyrela Dinamarca Empreend Imob Ltda Cyrela Dinamica De Invest Imob Ltda (96.5%) Cyrela Elwing Empreend Imob Spe Ltda (80%) Cyrela Empr Imob Coml Imp E Exp Ltda (99.99%) Cyrela Esmeralda Empreend Imob Ltda Cyrela Europa Empreend Imob Ltda Cyrela Extrema Empreend Imob Ltda Cyrela Fibra N.A. Empreend Imob Ltda (66.67%) Cyrela Fragata Empreen Imob Ltda (99.99%) Cyrela Genova Empreend Imob Ltda (99.99%) Cyrela Gerbera Empreend Imob Ltda (80%) Cyrela Girassol Ltda (99.99%) Cyrela Greenfield De Invest Imob Ltda (95.76%) Cyrela Grenwood De Invest Imob Ltda (95.74%) Cyrela Guarani Empreend Imob Ltda (99.99%) Cyrela Holanda Empreend Imob Ltda Cyrela Iberia Empreend Imob Ltda (99.99%) Cyrela Imobiliaria Ltda Cyrela Inca Empreend Imob Ltda (99.99%) Cyrela Indico Empreend Imob Ltda (72%) Cyrela Indonesia Empreend Imob Ltda (99.99%) Cyrela Inhambu Empreend Imob Ltda (99.99%) Cyrela Ipanema Empreend Imob (75%) Cyrela Itapeva Empreend Imob Ltda (99.99%) Cyrela Jade Impreend Imob Ltda (99.99%) Cyrela Jamaica Empreend Cyrela Imob Ltda Cyrela Jasmim Ltda (99.99%) Cyrela Jequitiba Empreend Imob Ltda (99.99%) Cyrela Kilauea Empreend Imob Ltda (99.99%) Cyrela Lakewood Empreend Imob Ltda (95.75%) Cyrela Lambari Empreend Imob Ltda (iv) 99.99 Cyrela Mac Amazonas Empr Imob Spe Ltda (80%) Cyrela Mac Monterey Empr Imob Spe Ltda (63%) Cyrela Madri Empreend Imob Ltda (99%) Cyrela Magik California E. I. Spe Ltda (75.92%) Cyrela Magik Monaco Empr Imob Ltda (80%) Cyrela Maguari Empreend Imob Ltda (99.99%) Cyrela Maia Empreend Imob Ltda (99.99%) Cyrela Malibu Empreend Imob Ltda (99.99%) Cyrela Manaus Empreend Imob Ltda (99.99%) Cyrela Marche Empreend Imob Ltda (99.99%) Cyrela Maresias Empreend Imob Ltda (99.99%) Cyrela Moinho Empreend Imob Ltda (99.99%) Cyrela Molise Empreend Imob Ltda (99.99%) Cyrela Monserrate Empreend Imob Ltda (99.99%) Cyrela Montblanc Empreend Imob Ltda (99.99%) Cyrela Montijo Empreend Imob Ltda (99.99%) Cyrela Monza Empreend Imob Ltda Cyrela Niagara Empreend Imob Ltda (99.99%) Cyrela Niss Empreend Imob Ltda (74.99%) Cyrela Nordeste Empreend Imob Ltda Cyrela Normandia Empreend Imob Ltda (99.99%) Cyrela Opala Empreend Imob Ltda (99.99%) Cyrela Pacifico Empreend Imob S/A (80%) Cyrela Pamplona Empreend Imob Ltda (99.99%) Cyrela Parana Empreend Imob Ltda (99.99%) Cyrela Paris Empreend Imob Ltda (98.46%) Cyrela Particip E Empreend Imob Ltda (85.99%) Cyrela Perola Emp. Im. Ltda (99.99%) Cyrela Piemonte Empreend Imob Ltda (99.99%) Cyrela Pinguim Empreend Imob Ltda (99.99%) Cyrela Polinesia Empreend Imob Ltda (99.99%) Cyrela Pompeia Empreend Imob Ltda Cyrela Porto Velho Empreend Imob Ltda Cyrela Portugal Empreend Imob Ltda (75.99%) Cyrela Puglia Empreend Imob Ltda (99.99%) Cyrela Recife Empreend Imob Ltda (99.99%) Cyrela Rjz Construtora E Empr Imob Ltda (99.99%) Cyrela Rjz Empreend Imob Ltda (97.44%) Cyrela Rjz Jcgontijo Empr Imob Ltda (42.99%) Cyrela Rondonia Empreend Imob Ltda Cyrela Roraima Empreend Imob Ltda Cyrela Rubi Empreend Imob Ltda (99.99%) Cyrela Safira Empreend Imob Ltda (99.99%) Cyrela Salamanca Empreend Imob Ltda (80%) Cyrela Sanset De Invest Imob Spe Ltda (73.44%) Cyrela Sao Paulo Empreend Imob Ltda (80%) Cyrela Sintra Empreend Imob Spe Ltda (75%) Cyrela Suecia Empreend Imob Ltda (89.49%) Cyrela Toscana Empreend Imob Ltda (99.99%) MERGENT MANUALS (ISSN 0895-3252) is published weekly on Tuesday by Mergent 60 Madison Ave., New York, NY 10010. Subscription rate $647.50 per annum for the News Report portion of the Mergent Manuals service in the United States and Canada (Not to be sold separately from the Manual). Copyright@ 2010 by Mergent. All Information contained herein is copyrighted in the name of Mergent and none of such information may be copied or otherwise reproduced, repackaged, further transmitted, transferred, disseminated, redistributed or resold, or stored for subsequent use for any such purpose, in whole or in part, in any form or matter or by any means whatsoever, by any person without prior written consent. All information contained herein is obtained by MERGENT, from sources believed by it to be accurate and reliable. Because of the possibility of human and mechanical error as well as other factors, however, such information is provided ‘‘as is’’ without warranty of any kind. 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Page 2 Cyrela Trentino Emprend Imob Ltda (99.99%) Cyrela Tupiza Empreend Imob Ltda (99.99%) Cyrela Turim Empreend Imob Ltda (99.99%) Cyrela Turquesa Empreend Imob Ltda (99.99%) Cyrela Tururin Empreend Imob Ltda (99.99%) Cyrela Ubatuba Empreend Imob Ltda (99.99%) Cyrela Venezuela Empreend Imob Ltda (99.99%) Cyrela Vermont De Invest Imob Ltda (97.89%) Cyrela Vila Do Conde Empreend Imob Ltda (50%) Cyrela Vila Real Empreend Imob Ltda (99.99%) Cyrela Vilhena Empreend Imob Ltda (99.99%) Cyrela Violeta Empreend Imob Ltda (99.99%) Cyrela Volpago Particip Societ S/A (98.46%) Cyrela White River Invest Imob Spe Ltda (96.49%) Cyrela Zagreb Empreend Imob Ltda (99.99%) Cyset Empreend Imob Ltda (69.99%) Cz6 Empreend Comerciais Ltda Egito Empreend Imob Ltda Elbrus Empreendimentos Imob. Ltda (59.41%) Flamingo Invest Imob Ltda Funchal Empreend Imob Ltda (55%) Gabrielle Emp. Imob. Spe Ltda (64.99%) Galiza Empreend Imob Ltda (99.99%) Gatrun Empreend Imob Ltda (99.99%) Goiania Empreend Imob Ltda (80%) Goldsztein Cyrela Empreend Imob S/A (99.99%) Guararema Empreend Imob Ltda (99.99%) Gv 10 Empreend Imob Ltda Ic Incorporadora Ltda Iracema Incorporadora Ltda (50%) Itaipava Empreitada De Lavor E Eng Ltda (99.99%) Jardim America Incorp Spe Ltda (59.99%) Jardim Cedro Do Libano E. I. Spe Ltda (70%) Kalahari Empreend Imob Ltda (99.99%) Lao Empreend Imob Ltda (40%) Lc Empreend Imob Spe Ltda Licy Empreend Imob S/A (99.99%) Lider Cyrela Df 01 Empreend Imob Ltda (99.99%) Liguria Empreend Imob Ltda (99.99%) Living Empreend Imob Ltda (99.99%) Lombok Incorporadora Ltda Londrina Empreend Imobliarios Ltda (80%) Luanda Empreend Imob Ltda (99.99%) Lyon Empreend Imob Ltda (99.99%) Mac Construtora Ltda (50%) Mac Cyrela Equador Empreend Imob Ltda (68%) Mac Cyrela Italia Empreend Imob Ltda (50%) Mac Cyrela Mafra Empreend Imob Ltda (80%) Mac Cyrela Manay Empreend Imob Ltda (68%) Mac Dinamarca Empreend Imob Ltda (70%) Mac Empreend Imob Ltda (50%) Mac Espanha Empreend Imob Ltda (50.05%) Mac Holanda Empreend Imobairios Ltda (70%) Mac Italia Empreend Imob Ltda (50%) Mac Mexico Empreend Imob Ltda (70%) Mac Portugal Empreend Imob Ltda (50%) Mac Veneza Empreend Imob Ltda (74.51%) Madinina Empreend Imob Ltda (99.99%) Maiastra 1 Empreend Imob Ltda (99.99%) Maiastra 2 Empreend Imob Ltda (99.99%) Maloga Empr. Imob. Ltda (99.99%) Matis Empreend Imob Ltda (99.99%) Moscou Empreend. Imob. Ltda (99.99%) Navarra Empreend Imob Ltda (99.99%) Nilo Empreend Imob Ltda (90%) Nova Iguacu Empreend Imob Ltda (99.99%) Nova Zelandia Empreend Imob Ltda Oaxaca Incorporadora Ltda (99.99%) Office Shopping 2 Empreend Ltda (65.35%) Option De Invest Imob Ltda Parecis Empreend Imob Ltda (99.99%) Pequim Empreend Imob Ltda (99.99%) Peru Empreend Imob Ltda Petropolis Empreend Imob Ltda Pitombeira Empreend Imob Ltda (99.99%) Plano & Plano Constr E Particip Ltda (78.99%) Plano Amoreira Empreend Imob Spe Ltda (91.59%) Plano Castanheira Empr Imob Spe Ltda (91.59%) Potim Empreend Imob Ltda (99.99%) Praca Oiapoque Empreend Imob Spe Ltda (69.99%) Praia Do Forte Empreend Imob Ltda (80%) Queiroz Galvao Cy Oklahoma E I Spe Ltda (48.89%) Ravenna Empreend Imob Ltda (99.99%) Rua Do Orfanato Empr Imob Spe Ltda (80%) Salermo Empreend Imob Ltda (99.99%) Sao Goncalo Empreend Imob Ltda (99.99%) Sapucainha Empreend Imob Ltda Saracura - Invest Imob Ltda (99.99%) Seller Consultoria Imob E Represent Ltda (99.99%) Sevilha Empreend Imob Ltda Sk Edson Empreend Imob Spe Ltda (65%) Sk Realty Empreend Imob S/A (50%) Spe Brasil Incorp 2 Ltda (63%) Spe Goiania Incorp 5 S/A (70%) Suriname Empreend Imob Ltda (75.91%) Tal De Invest Imob Ltda Tal Empreend Imob Ltda Tal Portfolio Invest E Particip Ltda Tapira Empreend Imob Ltda (13%) Unique De Invest Imob Ltda (96.48%) Vereda Paraiso Empreend Imob Ltda (57.44%) Vinson Empreendimentos Imob. Ltda (69.51%) Agin Vergueiro Empreend Imob Spe Ltda (38.59%) Agra Cyrela Spe Ltda (46.49%) Aldeia Da Colina Empreend Imob Spe Ltda (59.99%) Alpen Haus Desenv Imob S/A (24%) Alpen Haus Negocios Imob S/A (24%) Arizona Invest Imob Ltda (50%) Brasil Incorpora¿¿o 83 Ltda (50%) C.E.A. Empreend Imob Spe Ltda (50%) Camargo Correa Cyrela Empr Im Spe Ltda (50%) Cbr 005 Emp. Imob. (50%) Cbr 011 Empreend Imob Ltda (32.5%) Cipasa Votorantim Empreend Imob S/A (50%) City Parque Morumbi Spe S/A (50%) Construtora Pampaulista Ltda (85%) Costa Maggiore Empreend Imob Ltda (50%) Cury Construtora E Incorp S/A (50%) MERGENT INDUSTRIAL Cyrela Commercial Properties S.A. Empreend e Participacoes (1.27%) Cyrela Gafisa Spe Ltda (46.49%) Cyrela Japao Empreend Imob Spe Ltda (80%) Cyrela Lirio (50%) Cyrela Lombardia Empreend Imob Ltda (50%) Cyrela Magik Tecnisa Empr Imob Spe Ltda (36.67%) Cyrela Malasia Empreend Imob Ltda (90%) Cyrela Minas Empreend Imob Spe Ltda (50%) Cyrela Nazca Empreend Imob Ltda (80%) Cyrela Oceania Empreend Imob Ltda (60%) Cyrela Tecnisa De Invest Imob Ltda (49.99%) Cyrela Tecnisa Klabin Segall Ei Spe Ltda (32.44%) Cyrela Tolteca Empreend Imob Ltda (60%) Cyrsa S/A (50%) Estrada Rodrigues Caldas E. I. Spe Ltda (90%) Fazenda Sao Joao Empreend Imob Spe Ltda (84.99%) Forest Hill De Invest Imob Ltda (49.44%) Gliese Incorporadora Ltda (57.53%) Guaruba Empreend Imob Spe Ltda (60%) Jaguariuna Empreend Imob Ltda (50%) Klabin Segallcyrela Spe Ltda (37.97%) Lucio Brazil Real Estate S/A (49.97%) Magnum Invest Imob Ltda (30%) Marina Crepi Empreend Imob Spe Ltda Marquise Empreend Imob Spe Ltda Moinho Velho Empreend Imob Spe Ltda (50%) Nepal Empreend Imob Ltda (90%) Nova Vila Guilherme Empr Imob Spe Ltda (50%) Parque Turiassu Empreend Imob Spe Ltda (39.99%) Plarcon Cyrela Empreend Imob Spe Ltda (50%) Queiroz Galvao Cyrela Empr Imob S/A (38.63%) Queiroz Galvao Mac Cyrela Veneza E I S/A (30%) Rouxinol Salvador Alende Empr Imob Ltda (50%) Savona Empreend Imob Spe Ltda (50%) Scp Isla (50%) Slk Empreend Imob Spe Ltda (29.99%) Sociedade Residencial Gran Bueno Ltda (70%) Spe Brasil Incorp 11 Ltda (50%) Spe Brasil Incorp 17 Ltda (50%) Spe Brasil Incorp 20 Ltda (50%) Spe Brasil Incorp 28 Ltda (50%) Spe Brasil Incorp 29 Ltda (50%) Spe Brasil Incorp 32 Ltda (50%) Spe Brasil Incorp 9 Ltda (50%) Spe Brasil Incorpora¿¿o 7 Ltda (50%) Spe Faicalville Incorp 1 Ltda (50%) Tamoios Empreend Imob Spe Ltda (59.99%) Tibirica Empreend Imob Ltda (50%) Toulon Empreend Imob Spe Ltda (90%) Vix One Empreend Imob Spe Ltda (64.99%) Abdo Empreend Imob Ltda (99.99%) Agcc Empreend Imob Ltda (99.99%) Alabama Empreendimentos Imob. Ltda (49.02%) Alexandria Empreend Imob Ltda (49.99%) Andorra Empreend Imob Ltda (79.99%) Australia Empreeendimentos Imob Ltda Belgica Empreend Imob Ltda (99.99%) Betabens Adm De Bens Ltda (79.99%) Bhutan Empreendimentos Imob. Ltda (49.99%) Brigadeiro Galvao Empreend Imob Spe Ltda (49.95%) Campos Sales Empreend. Imob. Ltda (39.99%) Carlos Gomes Square Empreend Imob Ltda (66.99%) Cbr 002 Empreend Imob Ltda (99.99%) Cbr 007 Empreend Imob Ltda (99.99%) Cbr 008 Empreend Imob Ltda (99.99%) Ccp Canela (50%) Chapeuzinho Vermelho Ltda (74.99%) Chiachiaretta Empreend Imob Ltda (79.99%) Cotia Empreend Imob Ltda Cupertino Empreendimentos Imob. Ltda (49.99%) Curupaiti Empreend Imob Spe Ltda (49.99%) Cyrela Andrade Mendonca Jcpm E I Spe S/A (85%) Cyrela Bahia Empreend Imob Ltda (98.46%) Cyrela China Empreend Imob Ltda (99.99%) Cyrela Cuzco Empreend Imob Ltda (99.99%) Cyrela Diamante (51.02%) Cyrela Invest E Particip Ltda (99.99%) Cyrela Lambari Empreend Imob Ltda (99.99%) Cyrela Mac Everest Empr Imob Spe Ltda (54.09%) Cyrela Mexico Empreend Imob Ltda (99.99%) Cyrela Palermo Empreend Imob Ltda (99.99%) Cyrela Parana Empreend Imob Ltda (99.99%) Cyrela Polinesia Empreend Imob Ltda (99.99%) Cyrela Rjz Gulf Empreend Imob Ltda (77.96%) Cyrela Somerset De Invest Imob Ltda (82.99%) Cyrela Tupiza Empreend Imob Ltda (99.99%) Cyrela Venezuela Empreend Imob Ltda (99.99%) Cyte Magik Empreend Imob Ltda (60%) Cytec Empreend Imob Ltda (99.99%) Decor Paraiso Empreend Imob Ltda (48.25%) Dgc Agua Verde Ltda (94.99%) Dgc Ana Garibaldi Ltda (94.99%) Dgc Campo Comprido Ltda (94.99%) Dgc Ecoville Dois Ltda (79.99%) Dgc Ecoville Ltda (99.99%) Dgc Jo¿o Gualberto Ltda (94.99%) Dgc Living Parana Empree Imob Ltda (94.99%) Dgc Luiz Tramontin Empreend Imob Ltda (94.99%) Dgc Map Parana Empreend Imob Ltda (94.99%) Dgc Paulo Gorski Ltda (94.99%) Dgc Pinheirinho Empreend Imob Ltda (94.99%) Dgc Pugsley Ltda (99.99%) Dgc Santa Quiteria Ltda (79.99%) Dgc Santa Quiteria Tres Ltda (94.99%) Dgc Uberaba Ltda (79.99%) Dgc Vivare Ltda (99.98%) Dgc West Side Ltda (94.99%) Dover Empreendimentos Imob. Ltda (49.02%) Elbrus Empreendimentos Imob. Ltda (59.41%) Ephigenio Sales Empreend Imob Spe Ltda (89.99%) Fabia Empreend Imob Spe Ltda (32.5%) Farroupilha Empreend Imob S/A (99.99%) Fernao Dias Empreend Imob Spe Ltda (99.99%) Francisco Leit¿o Empreend Imob Spe Ltda (49.99%) Galvao E Living Planej Imob Ltda (99.99%) Garibaldi Empreend Imob Ltda (99.99%) Gcln Incorp E Empreend Ltda (79.99%) August 5, 2014 Gcm Empreend Imob Ltda (49.99%) Gcw Capao Da Canoa Emp. Imob. Ltda (59.99%) Gcw Wangri-La Urbanismo Ltda (59.99%) Global Park Residencial Empr Imob Ltda (99.99%) Goldsztein Cyrela Scp Nh (89.99%) Himalaia Empreend Imob Ltda (99.99%) Horizons Empreend Imob Ltda (89.99%) Iracema Incorp Ltda (50%) Jardim Acropole Empreend Imob (99.99%) Jardim Loureiro Da Silva Empreend. Imob. Ltda (64.99%) Jardim Real Empreend Imob Ltda (99.99%) Jardim Sul Incorp Ltda (99.99%) Jdm Leao Empr Imob Ltda (99.99%) Kilimanjaro Empreendimentos Imob. Ltda (49.99%) Koby Adm De Bens Ltda (78.98%) Living Abaete Empreend Imob Ltda (99.99%) Living Afenas Empreend Imob Ltda (99.99%) Living Amoreira Empreend Imob Ltda (99.99%) Living Amparo Empreend Imob Ltda (99.99%) Living Andradas Empreend Imob Ltda (99.99%) Living Apiai Empreend Imob Ltda (99.99%) Living Araraquara Empreend Imob Ltda (99.99%) Living Araxa Empreend Imob Ltda (99.99%) Living Batatais Empreend Imob Ltda (99.99%) Living Batbacena Empreend Imob Ltda (99.99%) Living Betim Empreend Imob Ltda (99.99%) Living Botucatu Empreend Imob Ltda (74.99%) Living Brotas Empreend Imob Ltda (99.99%) Dgc Luiz Tramontin Empreend Imob Ltda (94.99%) Dgc Map Parana Empreend Imob Ltda (94.99%) Dgc Paulo Gorski Ltda (94.99%) Dgc Pinheirinho Empreend Imob Ltda (94.99%) Dgc Pugsley Ltda (99.99%) Dgc Santa Quiteria Ltda 79.99 Dgc Santa Quiteria Tres Ltda 94.99 Dgc Uberaba Ltda 79.99 Dgc Vivare Ltda (iv) 99.98 Dgc West Side Ltda 94.99 Dover Empreendimentos Imob. Ltda (49.2%) Elbrus Empreendimentos Imob. Ltda (59.41%) Ephigenio Sales Empreend Imob Spe Ltda (89.99%) Fabia Empreend Imob Spe Ltda (32.5%) Farroupilha Empreend Imob S/A (99.99%) Fernao Dias Empreend Imob Spe Ltda (99.99%) Francisco Leit¿o Empreend Imob Spe Ltda (49.99%) Galvao E Living Planej Imob Ltda (99.99%) Garibaldi Empreend Imob Ltda (99.99%) Gcln Incorp E Empreend Ltda (79.99%) Gcm Empreend Imob Ltda (49.99%) Gcw Capao Da Canoa Emp. Imob. Ltda (59.99%) Gcw Wangri-La Urbanismo Ltda (59.99%) Global Park Residencial Empr Imob Ltda (99.99%) Goldsztein Cyrela Scp Nh (89.99%) Himalaia Empreend Imob Ltda (99.99%) Horizons Empreend Imob Ltda (89.99%) Iracema Incorp Ltda (50%) Jardim Acropole Empreend Imob (99.99%) Jardim Loureiro Da Silva Empreend. Imob. Ltda (64.99%) Jardim Real Empreend Imob Ltda (99.99%) Jardim Sul Incorp Ltda (9.99%) Jdm Leao Empr Imob Ltda (99.99%) Kilimanjaro Empreendimentos Imob. Ltda (49.99%) Koby Adm De Bens Ltda (78.98%) Living Abaete Empreend Imob Ltda (99.99%) Living Afenas Empreend Imob Ltda (99.99%) Living Amoreira Empreend Imob Ltda (99.99%) Living Amparo Empreend Imob Ltda (99.99%) Living Andradas Empreend Imob Ltda (99.99%) Living Apiai Empreend Imob Ltda (99.99%) Living Araraquara Empreend Imob Ltda (99.99%) Living Araxa Empreend Imob Ltda (99.99%) Living Batatais Empreend Imob Ltda (99.99%) Living Batbacena Empreend Imob Ltda (99.99%) Living Betim Empreend Imob Ltda (99.99%) Living Botucatu Empreend Imob Ltda (74.99%) Living Brotas Empreend Imob Ltda (99.99%) Living Cabreuva Emp. Imob Ltda (99.99%) Living Caete Empreend Imob Ltda (99.99%) Living Cajamar Empreend Imob Ltda (99.99%) Living Cambui Empreend Imob Ltda (99.99%) Living Cantagalo Empreend Imob Ltdd (99.99%) Living Capivari Empreend Imob Ltda (99.99%) Living Carita Empreend Imob Ltda (99.99%) Living Cedro Empreend Imob Ltda (99.99%) Living Cerejeira Emp.Imob Ltda (99.99%) Living Colombo Empreend Imob Ltda (99.99%) Living Construtora Ltda (99.99%) Living Eucalipto Emp. Imob.Ltda (99.99%) Living Figueira Emp.Imob Ltda (99.99%) Living Indiana Empreend Imob Ltda (99.99%) Living Ipe Emp. Imob.Ltda (99.99%) Living Itatiba Empreend Imob Ltda (99.99%) Living Jacaranda Emp Imob Ltda (99.99%) Living Jatoba Emp. Imob.Ltda (49.99%) Living Limeira Empreend Imob Ltda (99.99%) Living Marilia Empreend Imob Ltda (99.99%) Living Martini Empreend Imob Ltda (99.99%) Living Munhoz Empreend Imob Ltda (99.99%) Living Nazare Empreend Imob Ltda (99.99%) Living Ourinhos Empreend Imob Ltda (99.99%) Living Paineiras Empreend Imob Ltda (99.99%) Living Panama Empreend Imob Ltda (99.99%) Living Pirassununga Empr Imob Ltda (99.99%) Living Piratininga Empreend Imob Ltda (99.99%) Living Pitangui Empreend Imob Ltda (89.49%) Living Prados Empreend Imob Ltda (99.99%) Living Ravelo Empreend Imob Ltda (99.99%) Living Resende Empreend Imob Ltda (99.99%) Living Ribeirao Empreend Imob Ltda (99.99%) Living Sabara Empreend Imob Ltda (99.99%) Living Sabino Empreend Imob Ltda (99.99%) Living Salazares Empreend Imob Ltda (99.99%) Living Salete Empreend Imob Ltda (99.99%) Living Salinas Empreend Imob Ltda (99.99%) Living Sarutaia Empreend Imob Ltda (99.99%) Living Savana Empreend Imob Ltda (99.99%) August 5, 2014 Living Sul Empreendimentos Imob Ltda (99.99%) Living Tatui Empreend Imob Ltda (99.99%) Living Tupi Empreend Imob Ltda (99.99%) Living Uberaba Empreend Imob Ltda (99.99%) Lorena Empreend Imob Spe Ltda (49.99%) Mac 11 De Junho Empreend Imob Ltda (49.45%) Mac Arizona Empreendimentos Imob. Ltda (49.99%) Mac Australia Empreend Imob Ltda (49.45%) Mac Barcelona Empreend Imob Ltda (49.44%) Mac Brasil Empreend Imob Ltda (49.99%) Mac Buenos Aires Empreend E Partic Ltda (49.99%) Mac Chile Empreend Imob Ltda (49.99%) Mac Constru¿¿o Civil Ltda (49.99%) Mac Cyrela Manay Empreend Imob Ltda (68.6%) Mac Empreend Imob Ltda - Scp Investi (48%) Mac Escocia Empreend Imob Ltda (49.99%) Mac Incorporadora Ltda (24.99%) Mac Invest E Particip Ltda (49.99%) Mac Irlanda Empreend Imob Ltda (49.99%) Mac Java Empreend Imob Ltda (49.99%) Mac Londres Empreend Imob Ltda (49.99%) Mac Madri Empreend Imob Ltda (49.45%) Mac Miami Empreend Imob Ltda (45.3%) Mac Milao Empreend Imob Ltda (49.45%) Mac Monaco Empreend Imob Ltda (48.25%) Mac Nova York Empreend Imob Ltda (49.45%) Mac Nova Zelandia Empreend Imob Ltda (49.45%) Mac Otacilio Empreend Imob Ltda (49.99%) Mac Paris Empreend Imob Ltda (49.99%) Mac Rio Das Pedras Empreend Imob Ltda (49.99%) Mac Roma Empreend Imob Ltda (49.99%) Mac Santiago Empreend Imob Ltda (49.99%) Mac Souza Barros Empreend Imob Ltda (40%) Mac Suica Empreend Imob Ltda (49.99%) Mac Texas Empreendimentos Imob. Ltda (49.02%) Mac Tokio Empreend Imob Ltda (49.99%) Mac Uruguai Empreend Imob Ltda (48%) Mac Veneza Empreend Imob Ltda (74.51%) Madison Propriedades Imobs Ltda (99.99%) Maiastra 1 Empreend Imob Ltda (99.99%) Maiastra 2 Empreend Imob Ltda (99.99%) Marica Empreend Imob Ltda (99.99%) Matheo Empreend Imob Ltda (99.99%) Mesopotamia Empreend Imob Spe S/A (84.99%) Miralta Empreend Imob Spe Ltda (54.58%) Monte Alegre Empreend Imob Ltda (99.98%) Oaxaca Incorporadora Ltda (99.99%) Paraba Invest E Particip Ltda (21.42%) Pascal 1777 Empreend Imob Spe Ltda (49.99%) Peniche Empreend Imob Ltda (99.99%) Pirapitingui Empreend Imob Ltda (49.99%) Plano Araucaria Empreend Imob Ltda (78.98%) Plano Aroeira Empreend Imob Ltda (78.98%) Plano Cambara Empreend Imob Ltda (78.98%) Plano Cedro Empreend Imob Ltda (78.98%) Plano Cerejeiras Empreend Imob Ltda (78.98%) Plano Figueira Empreend Imob Ltda (78.98%) Plano Flambouyant Empreend Imob Ltda (78.98%) Plano Guapira Empreend Imob Ltda (78.98%) Plano Ipe Empreend Imob Ltda (78.98%) Plano Jacaranda Empreend Imob Ltda (78.98%) Plano Jatoba Empreend Imob Ltda (78.98%) Plano Jequitiba Empreend Imob Ltda (78.99%) Plano Macieira Empreend Imob Ltda (78.98%) Plano Manaca Empreend Imob Ltda (71.59%) Plano Mangueira Empreend Imob Ltda (78.98%) Plano Mogno Empreend Imob Ltda (78.98%) Plano Paineira Empreend Imob Ltda (78.98%) Plano Palmeiras Empreend Imob Ltda (78.98%) Plano Piracema Empreend Imob Ltda (78.99%) Plano Pitangueiras Empreend Imob Ltda (78.99%) Plano Seringueira Empreend Imob Ltda (78.98%) Praga Empreend Imob Ltda (99.99%) Prime Planejamento Imob Ltda (99.99%) Rail Incorporadora Ltda (19.99%) Raimundo Pereira Magalhaes E I Spe Ltda (59.99%) Rgc Urbanismo Ltda (49.99%) Salmiana Empreend S/A (49.99%) Santo Eliseu Empreend Imob Ltda (49.99%) Scp - Baturite (49.04%) Scp - Provence Horto Scp Arruda Alvim (45.3%) Scp Empreendimentos 2012 (49.45%) Scp Estrada Do Mendanha (50%) Scp Mac Projetos (48.25%) Seattle Empreendimentos Imob. Ltda (49.02%) Selling Consult Imob E Represent Ltda (99.99%) Sk Edson Empreend Imob Spe Ltda (65%) Spe Chl Cv Incorporacoes Ltda (49.99%) Ssb Empreend Imob Spe S/A (76.99%) Stuhlberger Vila Mariana Spe S/A (16.99%) Torres Vedras Empreend Imob Ltda (79.99%) Venancio Aires Empreend Imob Spe Ltda (49.99%) Vero Campo Belo Empr Imob Spe Ltda (78.98%) Vero Sta Isabel Empreend Imob Spe Ltda (78.98%) Viana Do Castelo Empreend Imob Ltda (99.99%) Vinhedo Empreend Imob Ltda (79.99%) Vinson Empreendimentos Imob. Ltda (69.51%) Vivere Franca Empreend Imob Ltda (40%) Vivere Japao Empreend Imob Ltda (40%) Vmss Empreend Imob Spe S/A (76.99%) Acropole Incorporadora Ltda (40%) Autentico Vila Carrao Empr Imob Spe Ltda (49.99%) Bni Guarapiranga Desenv. Imob. Ltda (25%) Caiobas Empreend Imob Spe Ltda (49.99%) Capri Incorp Spe Ltda (49.99%) Ccisa 01 Incorporadora Ltda (49.95%) Ccisa 02 Incorporadora Ltda (49.95%) Ccisa 03 Incorporadora Ltda (25%) Ccisa 04 Incorporadora Ltda (49.95%) Ccisa 05 Incorporadora Ltda (25%) Ccisa 06 Incorporadora Ltda (49.95%) Ccisa 07 Incorporadora Ltda (25%) Ccisa 09 Incorporadora Ltda (49.95%) Ccisa 10 Incorporadora Ltda (49.95%) Ccisa08 Consultoria Imobiliaria Ltda (49.95%) Ccisa11 Incorporadora Ltda (49.95%) Ccisa12 Incorporadora Ltda (49.95%) MERGENT INDUSTRIAL Page 3 Ccisa13 Incorporadora Ltda (49.95%) Ccisa14 Incorporadora Ltda (49.95%) Ccisa15 Incorporadora Ltda (49.95%) Ccisa16 Incorporadora Ltda (49.95%) Ccisa17 Incorporadora Ltda (49.95%) Ccisa18 Incorporadora Ltda (49.95%) Ccisa19 Incorporadora Ltda (49.95%) Ccisa20 Incorporadora Ltda (49.95%) Cedro Consultoria Imob Ltda (49.95%) Chillan Investimentos Imobili¿rios Ltda (25%) Chl Lxxviii Incorp Ltda (49%) Cyrela Milao Empreend Imob S.A. (48.72%) Cyrela Tennessee Empreend Imob S/A (48.72%) Dalaveca Incorporadora Ltda (74.99%) Dalia Empreend Imob Ltda (48.61%) Emmerin Incorp Ltda (49.95%) Estela Borges Empreend Imob S/A (49.99%) Europa Brasil Empreend Imob Spe Ltda (49.92%) Forest Ville Incorp Ltda (49.95%) Fortuna Incorp Ltda (49.95%) Galeria Boulevard Desenvolv Imob S/A (48.61%) Galeria Boulevard Negocios Imob S/A (48.61%) Girassol - Vila Madalena Empr Imob S/A (25%) Gran Via Incorporadora Ltda (49.95%) Grand Life Botafogo Empr Imob Spe Ltda (48.72%) Hesa 20 Invest Imob Ltda (25%) Horto Do Sol Incorp Ltda (49.95%) Imperio Da Franca Incorpltda (49.95%) Imperio Do Ocidente Incorp Ltda (74.99%) Imperio Romano Incorp Ltda (49.95%) Ipanema Invest Imob Ltda (25%) Jacira Reis Empreend Imob Ltda (49.95%) Lamballe Incorporadora Ltda (69.99%) Luar Do Paraiso Incorp Ltda (49.95%) Madagascar Incorp Ltda (49.95%) Manilha Incorporadora Ltda (49.95%) M¿os Dadas Empreend Imob S/A (39.99%) Merito Empreend Imob Spe Ltda (49.99%) Mestre Alvaro Empreend Imob Ltda (49.99%) Miziara Empreendimento Imob. Ltda (25%) Mnr6 Emp Imob S/A (35%) Monterey Incorp Ltda (49.95%) Moron Invest Imob Ltda (25%) Nova Delhi Incorp Spe Ltda (49.99%) Np Empreend Imob Ltda (34.99%) Padre Adelino Empreend Imob S/A (49.99%) Parada Do Sol Incorp Ltda (69.99%) Petronio Portela Empreend Imob S/A (49.99%) Platina Brasil Empreend Imob Spe Ltda (49.92%) Plaza Del Arte Incorp Ltda (49.95%) Porto Esperanca Incorp Ltda (49.95%) Prata Brasil Empreend Imob Ltda (49.92%) Provincia Incorp Ltda (49.95%) Residencial Sao Conrado Empr Imob Ltda (48.72%) Riviera Ponta Negra Empr Imob Spe Ltda (69.99%) Saint Simon Incorp Ltda (74.99%) Saira-Sapucaia Empreend Imob Ltda (49.99%) Scp - Balneario Costa Do Sol (19.99%) Scp - Classic/Galli (47.87%) Spe Brasil Incorp 55 Ltda (49.99%) Spe Brasil Incorporadora 92 Ltda (49.99%) Teresopolis Empreend Imob Ltda (79.99%) Topazio Brasil Empreend Imob Spe Ltda (49.96%) Vicente Lima Cleto Incorp Ltda (37.49%) Viena Incorp Spe Ltda (49.99%) Vila Maria Empreend Imob S/A (49.99%) Villa Real Incorp Ltda (74.99%) Officers Elie Horn, Chairman; Chief Executive Officer Rogerio Jonas Zylbersztajn, Vice-Chairman; Executive Vice President Claudio Carvalho de Lima, Executive Officer - Legal Cassio Mantelmacher, Executive Officer - Real Estate Eric Alexander Alencar, Chief Financial Officer; Officer - Investor Relations Directors Elie Horn, Chairman Rogerio Jonas Zylbersztajn, Vice-Chairman; Director George Zausner, Director Rafael Novellino, Director Fernando Goldsztein, Director Sergio Rial, Director Joao Cesar de Queiroz Tourinho, Director Rogerio Frota Melzi, Director Auditors: Deloitte Touche Tohmastu Auditores Independente Shareholder Relations: Paulo Eduardo Goncalves, Head of Investor Relations Tel.: 55 11 4502 3345 Annual Meeting: In April No. of Employees: Dec. 31, 2013, 1,373 Address: Ave. Presidente Juscelino Kubitschek, 1455 - 3rd floor, Itaim Bibi, Sao Paulo, SP, 04543-011, Brazil Tel: 55 11 4502 3345 Fax: 55 11 4502 3140 E-mail: paulo.goncalves@cyrela.com.br Web: www.cyrela.com.br Consolidated Income Account, years ended Dec. 31 (R$000): Real state devel & props resale . . . Land subdivisions Serv rendering & other services . . Gross oper rev . . . Deductions fr gross rev . . . . . . . . . . Net oper rev . . . . . Costs of sales of real estate sold Costs of sales of land subdivisions . . . Costs of sales of serv rendering . . 2013 2012 (revised) 2011 (revised) ....... ....... ....... ....... 6,240,161 26,490 ....... ....... ....... ....... 109,108 2,687,019 ....... 5,371,882 ....... 5,632,679 (248,978) 6,126,781 ....... ....... (4,307,266) 1 2 ....... ....... (23,111) ....... ....... (62,914) Tot cost of sales & services . . . . . . (3,612,593) (3,813,867) (4,393,291) Gross oper profit . . 1,759,289 1,818,812 1,733,490 Sell exps . . . . . . . (431,373) (457,139) (511,246) Gen & admin exps (394,323) (388,795) (396,090 Mgmt compens . . . (6,754) (8,657) (7,943) Eq in profit (loss) of subs & assoc 90,094 64,027 1,449 Other invest gains & losses . . . . . . ....... ....... (54,858) Other oper income (exps), net . . . . (14,921) (50,470) (34,023) Income (loss) fr opers bef financ. inc . . . . . . . . . . 1,002,012 977,778 730,779 Finl exps . . . . . . . (179,288) (238,711) (313,716) Finl revs . . . . . . . 207,166 249,302 363,335 Tot fin income (costs) . . . . . . . 27,878 10,591 49,619 Income (loss) bef tax on inc & noncontrol interests . . . . . . 1,029,890 988,369 780,398 Defer inc tax & social contrib . . 6,944 30,450 (10,139) Curr inc tax & social contrib . . (142,835) (183,130) (178,073) Inc & social contrib tax . . . . . . . . . . (135,891) (152,680) (188,212) Net profit (loss) for the yr . . . . . . . . 893,999 835,689 592,186 Net profit (loss) attributed to non-control shhlders . . . . . . 175,167 175,541 94,015 Net profit (loss) attributed to shhlders of the control. Co. . . . 718,832 660,148 498,171 Common shares (000): Weigh avg ordinary shares outstanding basic 407,260 411,085 403,159 Weigh avg ordinary shares outstanding diluted . . . . . . . 414,146 416,919 411,078 Yr end shares outstg . . . . . . . . 407,260 411,874 410,668 Net earnings (loss) per sh - basic . . R$1.76 R$1.61 R$1.24 Net earnings (loss) per sh - diluted R$1.74 R$1.58 R$1.21 1 Restated to reflect accounting changes. 2 Reclassified to conform with 2012 presentation. Consolidated Balance Sheet, as of Dec. 31 ((R$000)): 2013 Assets: Cash & cash equivs Secur . . . . . . . . . . . . Trade receivs . . . . . . Props for sale . . . . . . Recoverable tax . . . . Defer tax . . . . . . . . . Accrued sell exps . . . Ppd exps . . . . . . . . . Other accts receiv . . . Tot curr assets . . . . . Trade receivs . . . . . . Secur . . . . . . . . . . . . Curr accts with venture partners . . Rel parties . . . . . . . . Defer tax . . . . . . . . . Props for sale . . . . . . Other non-curr assets Invests . . . . . . . . . . . Prop plt & equip . . . . Trademarks & patents . . . . . . . . . Implementation costs Software licenses . . . Goodwill . . . . . . . . . Intang assets . . . . . . . Tot non-curr assets . . Tot assets . . . . . . . . . Liabilities: Borrow & financing Debentures . . . . . . . . Real estate receivs certif - CRI . . . . . . Trade pays & prov for warranty . . . . . . . . Tax & contrib pay . . Defer tax & contrib Payroll, rel tax & profit sharing . . . . Accts pay for prop acquisitions . . . . . Dividends pay . . . . . Rel parties . . . . . . . . Curr accts with venture partners . . Adv fr customers . . . Other curr liabil . . . . Tot curr liabil . . . . . . Borrow & financing Debentures . . . . . . . . Real estate receivs certif - CRI . . . . . . Trade pays & prov for warranty . . . . . . . . Accts pay for prop acquisitions . . . . . Prov for risks . . . . . . Defer tax & contrib 1,330,136 230,022 4,451,754 2,421,633 91,442 3,862 32,349 4,659 123,483 8,689,340 1,170,604 167,262 1 2012 (revised) 1,157,419 520,852 4,423,798 2,836,291 81,692 17,542 31,967 4,651 98,902 9,173,114 1,476,852 34,058 761,201 227,174 2,567 2,358,979 27,968 708,087 156,563 625,500 349,967 15,119 947,953 41,004 665,329 166,414 108 54,424 19,775 16,316 90,623 5,697,759 14,387,099 108 53,379 22,694 9,703 85,884 4,434,789 13,607,903 624,091 275,061 553,147 289,856 8,165 3,648 317,869 64,563 213,365 252,935 74,571 226,118 109,495 92,574 459,337 170,826 169,321 257,772 156,818 252,745 617,387 804,605 52,894 3,886,979 2,171,764 442,000 517,457 1,222,140 125,870 4,025,651 1,579,859 1,094,067 692,667 561,366 69,028 56,108 56,108 92,570 49,370 68,112 59,638 87,305 Page 4 Adv fr customers . . . 729,426 447,035 Other non-curr liabil 3,139 ....... Tot non-curr liabil . . 4,306,072 3,953,490 Cap . . . . . . . . . . . . . 2,548,695 2,548,695 Legal reserve . . . . . . 228,071 192,129 Expansion reserve . . 2,879,763 2,419,668 Treas shares . . . . . . . (246,738) (161,887) Accum profit (loss) other comprehensi (42,191) (35,730) Eq attrib to shhlders of parent . . . . . . . . 5,461,622 5,062,249 Minor shhlders . . . . . 732,426 566,513 Tot shhlders eq . . . . . 6,194,048 5,628,762 Tot liabil & shhlders eq . . . . . . . . . . . . 14,387,099 13,607,903 Tot liabil & stkhlders eq . . . . . . . . . . . . 14,387,099 13,607,903 1 Restated to reflect accounting changes. Long-term Debt: Dec. 31, 2013, R$3,512,916,000 (including current portion of R$899,152,000) comprised of: (1) R$2,795,855,000 loans and financing. (2) R$717,061,000 debentures. MERGENT INDUSTRIAL Capital Stock: 1. Cyrela Brazil Realty S A Empreendimentos E Participacoes nominative common; no par. OUTSTANDING Dec. 31, 2013, 407,260,280 shs; no par. TREASURY 9,398,549 shs. STOCK SPLIT No par shares 2-for-1 stock split on Nov. 6, 2006. OWNERSHIP As of Dec. 31, 2013, Elie Horn held 23.6% of Co.1 s shares outstanding. VOTING RIGHTS Entitled to one vote per share. DIVIDENDS 1997 . . . . . 0.02 1999 . . . . . 0.09 2000 . . . . . 0.14 2001 . . . . . 0.28 2002 . . . . . 0.26 2004 . . . . . 0.31 2005 . . . . . 0.38 2006 . . . . . 0.45 2007 . . . . . 0.25 2008 . . . . . 0.04 2009 . . . . . 0.19 2010 . . . . . 0.47 2011 . . . . . 0.34 2012 . . . . . 0.29 2013 . . . . . 0.50 2014 . . . . . 0.42 DIVIDEND RIGHTS Entitled to a minimum mandatory annual dividend of 25% of adjusted net income. PRIMARY EXCHANGE Sao Paulo (SAO): CYRE3 August 5, 2014 2. Cyrela Brazil Realty S A Empreendimentos E Participacoes Common American Depositary Receipts; no par. One American Depositary Receipt equals one Common share. STOCK SPLITS No par shares split 20-for-1 on Apr. 20, 2011. DIVIDENDS 2003 . . . . . 0.43 2004 . . . . . 1.07 2005 . . . . . 1.60 2006 . . . . . 1.95 2007 . . . . . 2.62 2008 . . . . . 0.49 2009 . . . . . 1.79 2010 . . . . . 5.27 After 20-for-1 split: 2011 . . . . . 0.21 2012 . . . . . 0.14 2013 . . . . . 0.23 2014 . . . . . 0.19 DEPOSITARY The Bank of New York Mellon, New York, NY PRIMARY EXCHANGE National Bulletin Board (NBB): CYRBY PRICE RANGE 2013 2012 2011 2010 2009 High . . . . . . . . . . 9.48 11.23 268 319 330 Low . . . . . . . . . . 6.00 6.56 5.94 179 . . . . .