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Armando dAlmeida NetoCFO and IRO

PRESS RELEASE

MULTIPLAN ACQUIRES LAND PLOT OF 36,000 M IN RIO DE JANEIRO,NEXT TO VILLAGEMALL

Rio de Janeiro, December 16, 2011 MULTIPLAN EMPREENDIMENTOS IMOBILIRIOS S.A. (BM&FBOVESPA:

MULT3) announces the acquisition of a plot of land with 36 thousand m in Barra da Tijuca, city of Rio de Janeiro. The

area, where a Walmart supermarket is currently in operation, is adjacent to VillageMall a shopping center under

construction by Multiplan and stretches from the Avenida das Amricas to the Tijuca Lagoon.

The land is characterized by its exclusive location and for benefiting from the appreciation generated by the

surrounding complex composed of BarraShopping, New York City Center, Centro Empresarial BarraShopping and the

upcoming VillageMall. With this acquisition, the company increases its land bank to 619 thousand m2, up from 583

thousand m2, enhancing its growth opportunities in the region and increasing its presence in one of the fastest growth

regions in the country and growth vector of the city of Rio de Janeiro.

The land was acquired for R$231 million (R$6.4 thousand/m), through a private tender conducted by Walmart and

won by Multiplan. This is a unique land plot due to its size and privileged location which allows the expansion of

VIllageMall and the construction of corporate buildings integrated to the Companys malls. A cycle started back in

1981 with the inauguration of BarraShopping should become the largest integrated commercial complex in the

country. This complex will have a street front that will extend for 1.2 km of the Avenue of the Americas and is

expected to offer parking area for over 12 thousand vehicles in addition to a built area greater than 550 thousand m.

Multiplans Complex in Barra da Tijuca, Rio de Janeiro

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Disclaimer: 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. 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. Manyfactors and values that can establish these results are outside the companys control or expectation. The reader/investor should not rely exclusively on theinformation contained herein to make investments.

IRMultiplanTel: 55 21 3031-5200Fax: 55 21 3031-5322

Address:Av. das Amricas, 4.200Bloco 2 -Sala 501 DuplexBarra da Tijuca - Rio de JaneiroCEP: 22640-102

E -ma i l : i r @ m u l t i p l a n . c o m . b r We b s i t e : w w w . m u l t i p l a n . c o m . b r / i r