PRESS RELEASE

MULTIPLAN BEGINS LEASING AT JUNDIAÍSHOPPING, A MIXED USE PROJECT WITH

35,418 m² OF GROSS LEASABLE AREA

Rio de Janeiro, January 19, 2010 Highlights

Multiplan Empreendimentos Imobiliários (Bovespa: MULT3) resumes Inauguration (est.): Sept 2012
leasing of stores at JundiaíShopping, in the city of Jundiaí, São Paulo. The
shopping center will have a gross leasable area (GLA) of 35,418 m² (first
Gross Leasable Area: 35,418m²
phase), with 193 satellite stores,17 anchor and mega stores and 2,079 parking Multiplan’s interest:100%
spots. Multiplan’s interest in the shopping center is of 100%. The total Investment: R$240 million
estimated investment will be of R$ 240 million, and the real and unleveraged
Internal Rate of Return (IRR) expected is 17.7%. The inauguration is
Key Money: R$21.6 million
scheduled for September 2012. NOI 1st year: R$24.5 million
JundiaíShopping project is in line with the Company’s strategy of mixed use NOI 3rd year: R$31.7 million
complexes putting together several developments in a same location
(residential, commercial buildings and hotels among others). The project will Location
include additionally two ten-floor commercial towers and 13,260m² of new
GLA for the shopping center for future expansion.
The municipality of Jundiaí has the 23rd largest GDP in Brazil* and is
located at 60km from the state s capital city, São Paulo. The landplot in whcih
JundiaíShopping is located is on Avenida Nove de Julho, an expressway with
easy access to and from neighborhoods with higher income. The shopping will
service four municipalities in addition to Jundiaí.
*Source: IBGE/2007

Multiplan Empreendimentos Imobiliários S.A.

Armando d’Almeida Neto

Vice President and Investor Relations Officer

City: Jundiaí
GDP1: R$ 14.0 billion
1Source: IBGE/2007

Disclaimer
The following rationale was used to calculate the project’s feasibility: The cost of the project (CAPEX) is based on the estimated construction cost of satellite, anchor and food stores, mall, rest
rooms, parking lot and service outlets. These estimates were evaluated by the company’s technical department. For the purpose of evaluating project CAPEX, these costs are not reduced by
key money revenue. Operating revenue was estimated based on different rents per m² for satellite stores, anchor stores, restaurants, fast-food stores, service outlets and leisure facilities.
Leasing contract pricing were evaluated on a case-by-case basis by our team of specialized brokers, based on a planned mix of stores. The model uses a 10-year cash flow, with real annual
growth of 2% after the fifth year and perpetuity with equal growth after the end of the period, figures are subject to review and are designed to give a preliminary view of the project only.