2Q10

35 Years

35 YEARS
MULTIPLYING THE BEST THINGS IN LIFE.

Company Presentation
October 2010
 2Q10
35 Years
Who We Are
Quality Shopping Centers Leadership in the Sector
Rent Revenue in 2Q10 (R$ million) – 2Q10
Aliansce Iguatemi BRMalls Multiplan
101 R$/m² 143
123
73 R$/m² 76 R$/m²
88
56 R$/m² 81 76
67 69
49 45
34 35
16

Aliansce BRMalls Iguatemi Multiplan Net Revenues Adjusted FFO Adjusted Net Income

Low Risk High Returns

Interest, Management and Control – 2Q10 Real, unleveraged IRR >15%

BRMalls Aliansce Iguatemi Multiplan

100%
85%83%
77%
66% 63%
53%52% 50%
47% JundiaíShopping ParkShoppingSãoCaetano
40%38%

Average interest in Shopping centers with Managed shopping

portfolio 50% or more of centers in portfolio
interest VillageMall Cristal Tower

Source: Companies’ report 2

 2Q10
35 Years
Leading Presence in Top and Selected Regions

Multiplan Geographical Footprint Multiplan Shopping Centers and Projects

Avg.
Portfolio State Multiplan % Total GLA Occupancy
Rate
Operating SCs (100%)
BHShopping MG 80.0% 36,840 m² 99.1%
RibeirãoShopping SP 76.2% 46,784 m² 98.8%
BarraShopping RJ 51.1% 69,319 m² 99.3%
MorumbiShopping SP 65.8% 55,085 m² 99.9%
ParkShopping DF 59.6% 51,532 m² 99.8%
DiamondMall MG 90.0% 21,388 m² 99.3%
New York City Center RJ 50.0% 22,269 m² 99.7%
Shopping AnáliaFranco SP 30.0% 50,974 m² 99.2%
ParkShoppingBarigüi PR 84.0% 42,985 m² 98.2%
AL
Pátio Savassi MG 96.5% 16,319 m² 100.0%
Shopping SantaÚrsula SP 37.5% 23,088 m² 76.2%
DF BarraShoppingSul RS 100.0% 68,229 m² 98.6%
Shopping VilaOlímpia SP 30.0% 28,091 m² 91.4%
71% of the Sub-Total Operating SCs 65.7% 532,902 m² 97.8%
Country’s GDP(*) SCs under Development
MG ParkShoppingSãoCaetano SP 100.0% 39,005 m² -
55% of Shopping Maceió AL 50.0% 35,470 m² -
the Country’s Shopping Jundiaí SP 100.0% 35,418 m² -
population(*) SP
Village Mall RJ 100.0% 25,653 m² -
ParkShopping Campo Grande RJ 90.0% 40,743 m² -
PR RJ
78% of the Expansions under Development
Country’s total BHShopping Exp. MG 80.0% 11,121 m² -
GLA is in South ParkShoppingBarigüi Exp. II PR 100.0% 8,600 m² -
and Southeast Pátio Savassi MG 96.5% 1,109 m²
regions RS Sub-Total SCs and Exp. under Development 87.8% 197,119 m²
Leasing Projects under Development
Morumbi Business Center SP 100.0% 10,150 m² -
Source: IBGE and ABRASCE
* 2006 Data ParkShopping Corporate DF 50.0% 13,360 m² -
Portfolio Total 71.7% 753,531 m² 97.8%

3
 2Q10
35 Years
Shopping Centers Sales*
Multiplan Sales vs. Retail and Inflation (2Q10/2Q09) Same Store Sales Growth (2Q10/2Q09)
+21.8%

Segments Satellites Anchors Total

+13.3% Food Court /Gourmet ▲22.4% n.a. ▲22.4%
+11.9%
+10.2% Miscellaneous ▲11.0% ▲4.0% ▲9.4%
+5.1%
Home & Office ▲14.5% ▲19.2% ▲16.7%
Services ▲1.7% ▲4.3% ▲3.3%
Apparel ▲9.2% ▲8.1% ▲8.9%
IPCA National Sales in Same Store Same Area Portfolio ▲12.3% ▲11.1% ▲11.9%
Retail Sales Multiplan Sales Sales
Growth

Monthly Sales Growth: Multiplan vs. Retail (year/year)

National Retail Sales Growth Multiplan Sales Growth

30.3%

24.2% 24.0% 24.1% 25.1%

22.9% 22.9%
20.2% 19.9% 20.6%
15.7%
12.9% 12.2% 16.5%
9.1% 10.4% 9.2% 10.2%
8.6% 8.6%
6.0% 11.3%
4.7% 5.0%

Jul-09 Aug-09 Sep-09 Oct-09 Nov-09 Dec-09 Jan-10 Feb-10 Mar-10 Apr-10 May-10 Jun-10

* Considering 100% of shopping center tenant sales 4

 2Q10
35 Years
Rental Revenue Analysis
Rental Revenue vs. IGP-DI Effect (2Q10/2Q09) Same Store Rent Real Growth
+23.5% Spread between Same Store Rent and IGP-DI Adjustment Effect

+4.7%

+3.6% +3.7%
+3.4%
+2.8% +2.9%
+2.1% +2.2% +1.9%
+3.7% +4.4% +0.8%

-0.3%
1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 1Q10 2Q10
IGP-DI Same Area Same Store Rental
Adjustment Rent Rent Revenue
Effect
IGP-DI Adjustment Effect on Base Rent*
Avg. Effect IGP-DI
10.7% 11.1%
10.0%
8.6%
6.7% 7.3%

3.6%
2.9%

0.2% 0.6%

-0.3%

2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 1Q10 2Q10 3Q10 4Q10
* Projected figures for 3Q10 and 4Q10 are based on the current contract adjustment schedule considering a 8.7% inflation for 2010,
according to Central Bank Focus Report expected IGP-DI figures. 5
 2Q10
35 Years
Gross Revenue Analysis
2Q10 Gross Revenue Growth Breakdown* (R$’000)

+23.5% +16.4% +5.2% +21.1% +1288.2%+1618.9%

€1. 00 170, 000

157,373
€( 199, 999
, 99.00)
11,359 1,445 160, 000

150, 000

2,970 317 2,698

€( 399, 999
, 99.00)

19,167 140, 000

130, 000

€( 599, 999
, 99.00)

119,417
120, 000

€( 799, 999
, 99.00)

+31.8% 110, 000

€( 999, 999
, 99.00) 100, 000

Gross Rental Services Key Net Real Others Gross

Revenue revenue money Parking Estate Revenue
2Q09 2Q10

* Percentage figures refer to 2Q10 /2Q09 growth. 6

 2Q10
35 Years
Revenue Breakdown
Gross Revenue Breakdown (2Q10)
Others
Real Estate 1.0% Rental Revenue Growth* (2Q10 – R$’000)
7.8%
Base
Parking 84.5%
9.9% Rent
64.0%
Key money + 12.5% + 59.2% + 26.7% n.a.
4.0% 6,412 100,666
Services Merchand. Overage 2,331
13.4% 8,744 1,680
11.0% 4.5%
81,498

Base Rent Breakdown (2Q10)

+ 23.5%

Seasonality Rent 2Q09 Base Overage Merchand. Straight Rent 2Q10

Straight Line
(double-rent) Line Ef f ect
7.5%
Base rent 79.2%
92.5%

Contractual
(step-ups)
20.8%

* Percentage figures refer to 2Q10/ 2Q09 growth. 7

 2Q10
35 Years
Financial Highlights
NOI + Key Money Revenue (R$‘000) Adjusted FFO

178,085 178,085
+30.6% 217,165217,165
+30.6% +64.3%+64.3%
166,228166,228
+21.7%
+21.7% +58.8%+58.8% 108,370 108,370
106,257106,257 87,831 87,831
87,339 87,339
55,318 55,318
61.4% 61.4% 63.7% 63.7%
87.0% 87.0%86.7% 86.7% 87.3% 87.3% 51.7% 51.7% 52.1% 52.1%
85.1% 85.1%

2Q09 2Q09 2Q10 2Q10 1H09 1H09 1H10 1H10 2Q09 2Q09 2Q10 2Q10 1H09 1H09 1H10 1H10

Net Income Adjusted Net Income

+9.3%+9.3%
98,175 98,175 +74.5%+74.5% 154,808 154,808
89,806 89,806
+12.7%
+12.7%
+68.1%+68.1% 88,738 88,738
51,434 51,434 76,238 76,238
45,628 45,628
45,344 45,344
42.6% 42.6% 43.2% 43.2% 53.3% 53.3% 55.4% 55.4%
35.9% 35.9% 35.1% 35.1% 42.3% 42.3% 42.7% 42.7%

2Q09 2Q09 2Q10 2Q10 1H09 1H09 1H10 1H10 2Q09 2Q09 2Q10 2Q10 1H09 1H09 1H10 1H10

8
 2Q10
35 Years
The Cost of Growth
Pre-operational Expenses and Deferred Income Balance
Signed Key Money Contracts (R$’000) (R$’000)
Pre-operational Expenses Signed KM Contracts
149,975
35,528 138,788 141,224 137,099
126,298 136,741
121,479
110,183 110,506 131,976
19,584 17,818
15,944
11,191
6,626 96,381

81,194

1Q10 2Q10 1H10

New Stores of Projects in Leasing Phase* Announced Projects 3rd Year NOI*: R$ 178 million
100% = 772 stores (excluding office towers for lease) (R$’000)

ParkShoppingSãoCaetano 45,162

Stores to Village Mall 41,300

Leased
be leased Shopping Center
42%
Stores Shopping Jundiaí 31,700 Greenfield:
58% R$ 155.3 million
ParkShopping Campo Grande 27,300

Shopping Maceió 9,800

Breakdown of stores:
Shopping Center Greenfields: 570 stores at Expansions 22,324
ParkShoppingSãoCaetano, VillageMall, and JundiaíShopping.
Shopping Center Expansions: 202 stores at
BH Shopping, ParkShoppingBarigüi and Pátio Savassi. * Please see disclaimer on the last page
*Does not include shopping centers that have not started leasing yet: Shopping Maceió and ParkShopping Campo Grande 9
 2Q10
35 Years
EBITDA Analysis
EBITDA and EBITDA Margin Impact of Real Estate Development and
(R$’000) Pre-operational Expenses on 1H10 EBITDA Margin (R$’000)

100,000 +27.5% 100.0%

90,000 80,922
80,000 90.0%
63,445 100.0%
70,000 80.0%
60,000 184,032 95.0%
50,000 70.0% 182,031
40,000 59.3% 90.0%
56.6%
30,000 60.0%
85.0%
20,000 50.0%
10,000 80.0%
- 40.0%
166,214 75.0%
2Q09 2Q10 164,213 70.0%
65.8% 70.0%
63.1%
65.0%
59.5%
200,000 +34.7% 100.0% 60.0%
180,000 166,214
160,000 90.0% 55.0%
140,000 123,392 80.0% 1H10 EBITDA EBITDA Before EBITDA Before EBITDA Before
120,000 Margin Real Estate Result Pre-operational Real Estate Result
100,000 70.0% (+taxes) Expenses and Pre-operational
80,000 59.3% 59.5%
Expenses
60,000 60.0%
40,000 50.0%
20,000
- 40.0%
1H09 1H10

10
 2Q10
35 Years
12 Projects under Development; R$1.4 Billion CAPEX*

Announced GLA Growth* 1H10 - 2012

Owned GLA 3rd Party GLA

532,902 m² 553,731 m² 730,021 m² 753,531 m² 753,531 m²

6,680 m²
21,810 m² 216,071 m²

2,436 m²
16,830 m²
185,145 m² 154,480 m²

18,393 m²
537,460 m²

347,757 m²
+41.0% (Total GLA)

Malls in operation (1H10) Expansions Shopping Centers Office Towers for Lease Total announced (2012P)

Please see disclaimer on the last page

*From 2010 and 2012 11

 2Q10
35 Years
12 Projects under Development; R$1.4 Billion CAPEX*

Announced Owned GLA Growth* 1H10 - 2012

Malls in operation Expansions Shopping Centers Office Towers for Lease

347,757 m² 366,150 m² 415,305 m² 537,460 m² 537,460 m²

6,680 m² 16,830 m²

115,475 m²
10,150 m² 154,480 m²

39,005 m²
18,393 m²
18,393 m²

347,757 m² 347,757 m²
+55.0% (Owned GLA)

1H10 2H10 2011 2012 Total announced (2012P)

Please see disclaimer on the last page

*From 2010 and 2012 12

 2Q10
35 Years
12 Projects under Development; R$1.4 Billion CAPEX*
Three expansions delivered by October: 20,735 m² of new GLA

BH Shopping Expansion Pátio Savassi Expansion ParkShoppingBarigüi Expansion

GLA: 11,026 m² GLA: 1,109 m² GLA: 8,600 m²

Opening: September 2010
Multiplan’s interest: 80%
Estimated Capex: R$152.1 M
Key money: R$11.5 M
3rd Year NOI: R$13.4 M
Opening: September 2010
Multiplan’s interest: 80.9%
Estimated Capex: R$3.3 M
Key money: R$0.3 M
3rd Year NOI: R$0.7 M
Opening: October 2010
Multiplan’s interest: 100%
Estimated Capex: R$55.1 M
Key money: R$13.1 M
3rd Year NOI: R$8.6 M

*From 2010 and 2012 13

 2Q10
35 Years
12 Projects under Development; R$1.4 Billion CAPEX*
Two office towers for sale with a combined PSV of R$148 million…

Cristal Tower (at BarraShoppingSul) Centro Profissional RibeirãoShopping

Type: Office Tower for sale
Type: Office Tower for sale
Opening: May 2011
Opening: December 2012
Area for sale: 11,915 m²
Area for sale: 12,569 m²
Interest: 100%
Interest: 100%
Estimated PSV: R$70 M
Estimated PSV: R$78 M
Units sold: 91%

Illustration Construction works (Jun/10) Illustration

*From 2010 and 2012 14

 2Q10
35 Years
12 Projects under Development; R$1.4 Billion CAPEX*
… and two office towers for lease, summing up a total GLA of 23,510 m²

ParkShopping Corporate Morumbi Business Center

Type: Office Tower for lease Type: Office Tower for lease
Opening: 4th quarter 2012 Opening: 2nd quarter 2011
Total GLA: 13,360 m² Total GLA: 10,150 m²
Multiplan’s interest: 50% Multiplan’s interest: 100%
Estimated Capex (Multiplan %): R$40 M Estimated Capex: R$74 M

Illustration Illustration

*From 2010 and 2012 15

 2Q10
35 Years
Evolution of Projects under Development – Leasing effort
ParkShopping 58.4%
SãoCaetano 36.5%

32.3%
VillageMall
21.5%

37.1%
Shopping Jundiaí
20.1%

SC's under 45.1% Leased Stores

development 27.4% Time*

* Time refers to the elapsed time between pre-launch and opening date.
Does not include Shopping Maceió, which has not started leasing phase, and ParkShopping Campo Grande, as it was recently announced (on 21/9/2010)

Shoppings Under Construction/Approval Multiplan's Share (R$ ‘000)

CAPEX
Project Opening GLA % MTE CAPEX¹ Key Money NOI 1st year NOI 3rd year
Invested ²

ParkShoppingSãoCaetano Nov-11 39,005 m² 100.0% 249,352 13% 30,876 34,225 45,162

Village Mall May-12 25,653 m² 100.0% 350,000 31% 37,500 36,900 41,300
Shopping Jundiaí Sep-12 35,418 m² 100.0% 240,000 15% 21,600 24,500 31,700
ParkShopping Campo Grande Dec-12 40,743 m² 90.0% 207,600 5% 43,700 19,500 27,300
Shopping Maceió¹ 2012 35,470 m² 50.0% 82,100 17% 5,500 7,800 9,800
Total 176,290 m² 87.6% 1,129,052 18% 139,176 122,925 155,262

¹ Subject to approval
² Considers the land acquisition cost in accordance with its financial flows.

16
 2Q10
35 Years
12 Projects under Development; R$1.4 Billion CAPEX*

Total GLA: 39,005 m²

Multiplan’s interest: 100%
Opening: November 2011
Estimated Capex: R$249 million
Key Money: R$30.9 million
3rd Year NOI: R$45.2 million

ParkShoppingSãoCaetano – São Paulo 17

 2Q10
35 Years
12 Projects under Development; R$1.4 Billion CAPEX*

Total GLA: 25,653 m²

Multiplan’s interest: 100%
Opening: May 2012
Estimated Capex: R$350 million
Key Money: R$37.5 million
3rd Year NOI: R$41.3 million

Village Mall – Rio de Janeiro 18

 2Q10
35 Years
12 Projects under Development; R$1.4 Billion CAPEX*

Total GLA: 35,418 m²

Multiplan’s interest: 100%
Opening: September 2012
Estimated Capex: R$240 million
Key Money: R$21.6 million
3rd Year NOI: R$31.7 million

JundiaíShopping – São Paulo 19

 2Q10
35 Years
12 Projects under Development; R$1.4 Billion CAPEX*

Total GLA: 40,743 m²

Multiplan’s interest: 90%
Opening: November 2012
Estimated Capex: R$208 million
Key Money: R$43.7 million
3rd Year NOI: R$27.3 million

ParkShopping Campo Grande – Rio de Janeiro 20

 2Q10
35 Years
12 Projects under Development; R$1.4 Billion CAPEX*
Total GLA: 35,470 m²
Multiplan’s interest: 50%
Opening: TBC 2012
Estimated Capex: R$82 million
Key Money: R$5.5 million
3rd Year NOI: R$9.8 million

Shopping Maceió - Alagoas 21

 2Q10
35 Years
Financial Performance
Performance (R$’ 000)
Financial (MTE %) 2Q10 2Q09 Chg. % 1H10 1H09 Chg. %
Gross Revenue 157,373 119,417 ▲31.8% 307,337 230,331 ▲33.4%
Net Revenue 143,096 107,069 ▲33.6% 279,476 208,011 ▲34.4%
Headquarters 25,325 24,657 ▲2.7% 45,393 43,542 ▲4.3%
Rental Revenue 100,666 81,498 ▲23.5% 199,717 160,888 ▲24.1%
Rental Revenue/m² 303 R$/m² 258 R$/m² ▲17.5% 576 R$/m² 486 R$/m² ▲18.4%
Rental Revenue USD/sq. foot 15.6 US$/sqf 12.3 US$/sqf ▲27.0% 29.6 US$/sqf 23.2 US$/sqf ▲27.9%
EBITDA 80,922 63,445 ▲27.5% 166,214 123,392 ▲34.7%
EBITDA Margin 56.6% 59.3% ▼271 b.p 59.5% 59.3% ▲15 b.p
Net Operating Income (NOI) 99,907 81,305 ▲22.9% 199,635 155,026 ▲28.8%
Net Operating Income/m² 300 R$/m² 257 R$/m² ▲16.9% 575 R$/m² 469 R$/m² ▲22.8%
Net Operating Income USD/sq. foot 15.5 US$/sqf 12.2 US$/sqf ▲26.3% 29.6 US$/sqf 22.3 US$/sqf ▲32.7%
Net Operating Income Margin 86.0% 86.2% ▼21 b.p 86.3% 84.1% ▲220 b.p
Adjusted Net Income 76,238 45,344 ▲68.1% 154,808 88,738 ▲74.5%
Adjusted FFO 87,831 55,318 ▲58.8% 178,085 108,370 ▲64.3%
Adjusted FFO/m² 264 R$/m² 175 R$/m² ▲51.1% 513 R$/m² 328 R$/m² ▲56.7%
Adjusted FFO US$’ 000 48,668 28,368 ▲71.6% 98,679 55,574 ▲77.6%
Adjusted FFO USD/sq. foot 13.6 US$/sqf 8.3 US$/sqf ▲63.2% 26.4 US$/sqf 15.6 US$/sqf ▲69.3%

22
 2Q10
35 Years
Market Performance Data
Performance (R$’ 000)
Market Performance 2Q10 2Q09 Chg. % 1H10 1H09 Chg. %
Number of Shares (Total) 179,197.214 147,799.441 ▲21.2% 179,197.214 147,799.441 ▲21.2%
Common Shares 167,338.867 135,941.094 ▲23.1% 167,338.867 135,941.094 ▲23.1%
Preferred Shares 11,858.347 11,858.347 ▲0.0% 11,858.347 11,858.347 ▲0.0%
Avg. Share Price R$ 31.00 R$ 18.24 ▲69.9% R$ 30.73 R$ 16.26 ▲89.0%
Final Share Price R$ 33.01 R$ 19.80 ▲66.7% R$ 33.01 R$ 19.80 ▲66.7%
Average Daily Traded Volume (R$ '000) 9,100 1,725 ▲427.6% 9,868 1,543 ▲539.7%
Dollar (USD) end of Quarter $1.80 $1.95 ▼7.5% $1.80 $1.95 ▼7.5%
Market Cap (R$ '000) 5,915,300 2,926,429 ▲102.1% 5,915,300 2,926,429 ▲102.1%
Gross Debt (R$ '000) 558,617 401,983 ▲39.0% 558,617 401,983 ▲39.0%
Cash (R$ '000) 933,011 187,213 ▲398.4% 933,011 187,213 ▲398.4%
Net Debt (R$ '000) (374,393) 214,646 ▼274.4% (374,393) 214,646 ▼274.4%
EPS R$ 0.29 R$ 0.31 ▼7.0% R$ 0.55 R$ 0.61 ▼9.8%
NOI per Share R$ 0.56 R$ 0.55 ▲1.4% R$ 1.11 R$ 1.05 ▲6.2%
P/AFFO (Last 12 months) 16.76 x 13.09 x ▲28.1% 16.76 x 13.09 x ▲28.1%
EV/EBITDA (Last 12 months) 16.31 x 12.05 x ▲35.3% 16.31 x 12.05 x ▲35.3%
Net Debt/EBITDA (Last 12 months) (1.10) x 0.82 x ▼233.8% (1.10) x 0.82 x ▼233.8%

23
 2Q10
35 Years
Operational Data
Performance (R$’ 000)
Operational (100%) 2Q10 2Q09 Chg. % 1H10 1H09 Chg. %
Final Total GLA 532,902 m² 484,873 m² ▲9.9% 532,902 m² 484,873 m² ▲9.9%
Final Owned GLA 347,757 m² 330,833 m² ▲5.1% 347,757 m² 330,833 m² ▲5.1%
Owned GLA (%) 65.3% 68.2% ▼297 b.p 65.3% 68.2% ▼297 b.p
Adjusted Total GLA (avg.) ¹ 515,953 m² 470,525 m² ▲9.7% 530,286 m² 484,906 m² ▲9.4%
Adjusted Owned GLA (avg.) ¹ 332,574 m² 316,458 m² ▲5.1% 346,908 m² 330,819 m² ▲4.9%
Total Sales 1,714,591 1,407,614 ▲21.8% 3,300,184 2,668,827 ▲23.7%
Total Sales/m² 3,323 R$/m² 2,992 R$/m² ▲11.1% 6,223 R$/m² 5,504 R$/m² ▲13.1%
Total Sales USD/sq. foot 171.1 US$/sqf 142.5 US$/sqf ▲20.0% 320.4 US$/sqf 262.2 US$/sqf ▲22.2%
Same Store Sales/m² 1,182 R$/m² 1,056 R$/m² ▲11.9% 1,134 R$/m² 1,002 R$/m² ▲13.2%
Same Area Sales/m² 1,154 R$/m² 1,019 R$/m² ▲13.3% 1,113 R$/m² 969 R$/m² ▲14.8%
Same Store Rent/m² 82 R$/m² 78 R$/m² ▲4.4% 80 R$/m² 77 R$/m² ▲4.2%
Same Area Rent/m² 83 R$/m² 80 R$/m² ▲3.7% 82 R$/m² 79 R$/m² ▲3.7%
Occupancy Costs ² 12.9% 13.5% ▼59 b.p 13.2% 14.1% ▼85 b.p
Rent as Sales % 7.3% 7.9% ▼54 b.p 7.5% 8.2% ▼71 b.p
Others as Sales % 5.6% 5.7% ▼5 b.p 5.7% 5.9% ▼14 b.p
Turnover ² 1.3% 1.1% ▲24 b.p 2.3% 2.3% ▲1 b.p
Occupancy Rate ² 98.1% 96.5% ▲159 b.p 98.1% 96.5% ▲159 b.p
Delinquency (25 days delay) ² 1.5% 4.7% ▼322 b.p 1.4% 5.2% ▼380 b.p
Rent Loss ² 0.8% 0.4% ▲36 b.p 0.7% 0.4% ▲29 b.p

¹ Adjusted GLA corresponds to the period’s average GLA excluding 14,000 m² of BIG supermarket at BarraShoppingSul
² Excluding Shopping Vila Olímpia

24
 2Q10
35 Years
Notes

25
 2Q10
35 Years
IR Contact
Armando d’Almeida Neto
CFO and Investors Relations Officer

Rodrigo Krause Hans Melchers

Investor Relations Superintendent Planning Manager
Leonardo Oliveira Franco Carrion
Investor Relations Senior Analyst Investor Relations Analyst

Tel.: +55 (21) 3031-5224

Fax: +55 (21) 3031-5322
E-mail: ri@multiplan.com.br
http://www.multiplan.com.br/ri

Disclaimer
This document may contain prospective statements, which are subject to risks and uncertainties as they were based on expectations of the Company’s management and on the
information available. These prospects include statements concerning our management’s current intentions or expectations.
Readers/investors should be aware that many factors may mean that our future results differ from the forward-looking statements in this document. The Company has no
obligation to update said statements.
The words "anticipate“, “wish“, "expect“, “foresee“, “intend“, "plan“, "predict“, “forecast“, “aim" and similar words are intended to identify affirmations.
Forward-looking statements refer to future events which may or may not occur. Our future financial situation, operating results, market share and competitive positioning may
differ substantially from those expressed or suggested by said forward-looking statements. Many factors and values that can establish these results are outside the company’s
control or expectation. The reader/investor is encouraged not to completely rely on the information above.
This document also contains information on future projects which could differ materially due to market conditions, changes in law or government policies, changes in operational
conditions and costs, changes in project schedules, operating performance, demand by tenants and consumers, commercial negotiations or other technical and economic
factors.
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