ROSSI RESIDENCIAL S/A ROSSI RESIDENCIAL S.A. PUBLICLY HELD COMPANY - CVM REGISTRATION NO. 01630-6 CORPORATE TAXPAYER ID (CNPJ): 61.065.751/0001-80 COMPANY REGISTRY (NIRE): 35.300.108.078 MINUTES OF THE BOARD OF DIRECTORS' MEETING HELD ON AUGUST 17, 2015 DATE, TIME AND VENUE: August 17, 2015, at 2:00 p.m., at the Company's registered office located at Avenida Major Sylvio de Magalhães Padilha, n° 5200, Edifício Miami, Bloco C, Conjunto 31, CEP 05693-000, in the city and state of São Paulo. ATTENDANCE: All members of the Board of Directors attended the meeting in accordance with the head paragraph of Article 20 of the Bylaws. PRESIDING BOARD: João Rossi Cuppoloni, Chairman, and Heitor Cantergiani, Secretary. CALL NOTICE: Call notice was waived given the attendance of all the Directors of the

Company, in accordance with Article 16, sole paragraph of the Company's Bylaws.

AGENDA: Election of the new Chief Financial and Investor Relations Officer of the

Company.

RESOLUTION: The Directors decided, by unanimous vote, without restrictions or reservations, to elect, for the position of Chief Financial and Investor Relations Officer, effective as of this date, following the nomination by João Rossi Cuppoloni, Mr. FERNANDO MIZIARA DE MATTOS CUNHA, Brazilian, single, business administrator, Identification Document (RG/SSP/SP) no. 22.446.757-8, Individual Taxpayer ID (CPF/MF) no. 135.947.978-30, resident and domiciled in the city and state of São Paulo, with office at Avenida Major Sylvio de Magalhães Padilha, 5200, Edifício Miami, Bloco C, Conjunto 31, CEP 05693-000, in the city and state of São Paulo, for a term

ending on the Annual Shareholders' Meeting that considers the financial statements

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for the fiscal year ending December 31, 2015. The newly elected officer declared not to be convicted of any of the crimes and/or limited by any of the impediments set forth in the Law that may prevent him from exercising the activities of his respective
position.

As a result, the composition of the Board of Executive Officers of the Company, whose members serve a term ending on the Annual Shareholders' Meeting that considers the financial statements for the fiscal year ending December 31, 2015, is hereby ratified as follows: (a) LEONARDO NOGUEIRA DINIZ, Brazilian, married, civil engineer, Identification Document (RG/SSP/MG) no. M-1.145.614, Individual Taxpayer ID (CPF/MF) no. 580.343.906-15, resident and domiciled in the city and state of São Paulo, as CHIEF EXECUTIVE OFFICER; (b) RODRIGO MORAES MARTINS, Brazilian, divorced, civil engineer, Identification Document (RG/SSP/SP) no. 16.540.892-3, Individual Taxpayer ID (CPF/MF) no. 142.139.508-83, resident and domiciled in the city and state of São Paulo, as CHIEF COMMERCIAL OFFICER (c) RENATO GAMBA ROCHA DINIZ, Brazilian, married, civil engineer, Identification Document (RG/SSP/SP) no. 18.507.468-6, Individual Taxpayer ID (CPF/MF) no. 736.995.606-78, resident and domiciled in the city of Campinas, state of São Paulo, as CHIEF ENGINEERING OFFICER; and (d) FERNANDO MIZIARA DE MATTOS CUNHA, Brazilian, single, business administrator, Identification Document (RG/SSP/SP) no. 22.446.757-8, Individual Taxpayer ID (CPF/MF) no. 135.947.978-30, resident and domiciled in the city and state of São Paulo, as CHIEF FINANCIAL AND INVESTOR RELATIONS OFFICER; all of whom with office at Avenida Major Sylvio Magalhães Padilha, n.º 5.200, Bloco C, Edifício Miami, Conjunto

31, Bairro Jardim Morumbi, CEP 05693-000, in the city and state of São Paulo.

CLOSURE AND DRAWING UP OF MINUTES: There being no further matters to address, the Directors were offered the opportunity to voice their opinion but since nobody came forward, the meeting was adjourned for the time required to draw up these minutes, which, after the meeting was resumed, were read, approved and signed by all those present. DIRECTORS PRESENT: (sgd.) João Rossi Cuppoloni, Heitor Cantergiani, Eduardo

Alfredo Levy Júnior, Luiz Carlos Di Sessa Filippetti and Luis de Oliveira Perego.

[D1] Comentário: trecho repetido (para o cargo de diretor comercial)

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DECLARATION: I hereby declare that this a true copy of the minutes drawn up in the

Book of Minutes of Meetings of the Board of Directors of the Company.
São Paulo, August 17, 2015.

JOÃO ROSSI CUPPOLONI HEITOR CANTERGIANI

Chairman Secretary

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