São José do Rio Preto, November 14, 2011: The management of Rodobens Negócios Imobiliários S.A. (“Company”), in compliance with CVM Instruction No. 358/02, as amended, publicly discloses to its shareholders and to the market in general that it has carried out, during the 3rd Quarter of 2011, a review of the cost budgets of all of its undertakings in progress (“Audit”) and identified the need for budget updating in some of such undertakings. The Audit work was carried out with the assistance of audit companies specialized in construction works monitoring (Engineering S.A. and Dexter Engenharia S/S Ltda.).

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Profile - Rodobens Negócios Imobiliários is a real estate developer with 20 years of experience. The company‘s focus is cities with more than 150,000 inhabitants in the interior of Brazil. Since its foundation in 1991, the company launched 143 residential projects in 49 different cities of 10 Brazilian states (SP, MG, RJ, PR, RS, CE, MT, SC, BA, GO). The projects launched total 51,018 units and 3.5 million m² of built area. Its main products are Sistema Fácil, Terra Nova and Moradas. On January 31, 2007, Rodobens Negócios Imobiliários listed its shares on the Novo Mercado of the São Paulo Stock Exchange under ticker symbol RDNI3. For more information, please visit our website at Rodobens Negócios Imobiliários is part of Empresas Rodobens, founded in 1949 and one of Brazil’s 100 largest business conglomerates. With a strong presence in the vehicle and real estate businesses, the group comprises auto dealerships, truck and bus dealerships, consortium, insurance brokerage, auto and truck rental, banking, e-commerce, real estate development, international businesses, and corporate satellite TV.