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São José do Rio Preto, July 12, 2011: Rodobens Negócios Imobiliários S.A., publicly held company with headquarters located in São José do Rio Preto, São Paulo State, at Avenida Francisco das Chagas de Oliveira, 2,500, Higienópolis, CEP 15085-485, (“Company”) informs that, during the Board of Directors’ meeting held on July 11, 2011, at 6pm, it was approved the conclusion of the last phase of Company’s reorganization process, in which the current Chief Executive Officer, Mr. Eduardo Gorayeb, is being indicated to compose the Company’s Board of Directors, fully dedicating to non-executive functions, such as: institutional matters; relations with professional entities, governmental institutions, Caixa Econômica Federal Bank and others funding agents; committee of construction processes technology development; and committee of land bank and launches approval.

Such fact occurred as common agreement, and by unanimity from the controlling shareholders, preparing the Company for the next growth leap.

During the same meeting, Mr. Marcelo Lopez Borges de Oliveira, Company’s current Chief Financial Officer, was elected as Chief Executive Officer, accumulating both positions, acting as interim Chief Financial Officer, under mandate until the Board of Directors’ meeting immediately posterior to the Ordinary General Meeting that will deliberate on the Company’s financial statements referent to the fiscal year to end on December 31, 2011.

Marcelo Lopez Borges de Oliveira has over 15 years of experience in the financial market at national and international banks, having worked at investment analysis, credit, corporate banking, investment banking and private banking departments. During his career he worked at credit analysis areas at BCN and Unibanco, has been Director of Global Banking & Markets Risk, Investment Banking and Corporate Banking areas at Santander, Financial Director of the holding of WTorre Group, and his last experience was as Partner at FRAM Capital company. Marcelo is graduated in Economic Sciences at FAAP and has a MBA in Finance from USP. He joined the Company on December 2010 and was responsible for the financial restructuring during the first semester of 2011.

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