CYRELA BRAZIL REALTY S.A. EMPREENDIMENTOS E PARTICIPAÇÕES

Corporate Taxpayer's ID (CNPJ/MF) n.º 73.178.600/0001-18

An Authorized Capital Publicly-Held Company

NOTICE TO THE MARKET

São Paulo, December 17, 2013 - Cyrela Brazil Realty S.A. Empreendimentos e Participações ("Cyrela" or "Company"), a residential real estate developer, in accordance to the best practices of Corporate Governance, announces to its shareholders and market in general that:
It purchased, in partnership with Queiroz Galvão Desenvolvimento Imobiliário, a land plot denominated "Terra Encantada" located in Rio de Janeiro (Barra da Tijuca region). The project has an estimated PSV of R$ 1.5 billion (nominal 100%) and the first developments are expected to be launched in 2015.

CYRELA BRAZIL REALTY S.A. EMPREENDIMENTOS E PARTICIPAÇÕES Eric Alencar Financial Director and Investor Relations Director
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