Notice to the Market

BRMALLS ANNOUNCES THE SALE OF INTEREST IN MINAS SHOPPING

Rio de Janeiro, December 8th, 2017 - BR MALLS PARTICIPAÇÕES S.A., hereby announces the sale of its 2.1% stake on Minas Shopping (763.8 m² of owned GLA) located in the city of Belo Horizonte, state of Minas Gerais, for R$11.2 million. The amount translates to a cap rate of 9.8%*.

This was BRMALLS' 12th full mall divestment since 2011. This transaction reinforces the company's commitment with its portfolio recycling strategy as a way to generate value to its shareholders. The transaction allows BRMALLS to reinvest the proceeds in investments with higher yield. The company will continue to seek further opportunities to recycle its portfolio.

* The cap rate calculation considers the asset's last twelve months NOI and a post-tax transaction amount.

BR MALLS PARTICIPAÇÕES S.A.

Investor Relations Officer

Frederico da Cunha Villa

Comunicado ao Mercado

ABOUT BRMALLS

BRMALLS is the largest integrated mall company in Brazil, with a portfolio of 43 malls, comprising 1,577 thousand m² of GLA and 949.4 thousand m² of owned GLA. BRMALLS is the only shopping mall company in Brazil with nationwide presence and targeting different income segments.

BR MALLS Participações SA published this content on 08 December 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 08 December 2017 22:02:05 UTC.

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