CYRELA BRAZIL REALTY S.A. EMPREENDIMENTOS E PARTICIPAÇÕES

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

An Authorized Capital Publicly-Held Company

NOTICE TO THE MARKET

São Paulo, November 18, 2013 - Cyrela Brazil Realty S.A. Empreendimentos e Participações ("Cyrela" or "Company"), a residential real estate developer, announces to its shareholders and the market in general that Mr. Gilson Fernando Hochman, resigned his position as Director of the Company without specific designation, according to a resignation letter presented and archived in the Company's headquarters, to become, opportunely, a member of the Board of Directors, and he keeps acting actively in Company's management.
Cyrela thanks Mr. Gilson Fernando Hochman for his important contribution to our
Company and wishes him success.

CYRELA BRAZIL REALTY S.A. EMPREENDIMENTOS E PARTICIPAÇÕES Eric Alexandre Alencar

CFO and Investor Relations Officer

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