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3Q10 Operating results - EZTEC’s launches reach 79% of guidance´s midpoint and sales reach

São Paulo, October 14, 2010.

EZTEC S.A. (Bovespa: EZTC3; Bloomberg EZTC3: BZ) announces its preliminary operating results for the third quarter of 2010 (3Q10). The results presented are managerial data and subject to review by external audit. The complete and audited results for 3Q10 are scheduled to be released on November 5, 2010, after market close.


As announced on March 8, 2010, EZTEC’s guidance for 2010 is to launch projects with combined PSV between R$700.0 million and R$900.0 million, representing an average growth of 58.2% over 2009. In 3Q10, EZTEC launched on September 30, the high-income residential project Sophis, located in Moema district in São Paulo, with own Potential Sales Value (PSV) of R$97.8 million. This, combined with the R$535.2 million launched in 1H10, represents 79.1% of the midpoint of the guidance range.

The volume launched in the first nine months of 2010 (9M10) is 53.1% higher than in the same period of the previous year and 25.1% higher than the PSV launched in all of 2009, confirming the Company’s commitment to the growth planned for 2010.

Upcoming Launches

At present, EZTEC has three projects approved, with sales stands operating and waiting to be launched: the highmiddle income residential project Royale Prestige in Santo André, with estimated own PSV of R$88.6 million, the middle-income residential project Art’E in Jundiaí, with estimated own PSV of R$56.3 million, and the middleincome residential project Gran Village Vila Formosa in São Paulo, with estimated own PSV of R$79.5 million. With these launches, the Company surpasses the midpoint of its guidance, reaching R$857.4 million, which represents 95.3% of the top of the guidance.

Contracted Sales

The highlight of 3Q10 was the sales of units in inventory, especially finished units or whose delivery was scheduled for 2010. Sales totaled R$118.9 million in the quarter, of which R$60.0 million (50.4%) pertained to launches before 2010. In the first nine months sales grew by 17.3% to reach R$545.8 million.

Projects Delivered

EZTEC delivered five projects in 3Q10: the commercial project Mundeo Moema, the middle-income residential projects Clima do Parque, Bell’Acqua and Sports Village Ipiranga, and the low middle-income residential project Ville de France. The five projects had a total PSV of R$242.3 million at the time of launch and an average of 93% of their units has already been sold.

Apart from these projects, EZTEC concluded in 2Q10 the middle-income residential project Clima do Bosque, bringing own PSV delivered in 9M10 to R$319.2 million. The Company plans to complete two more projects by the year-end, taking the own PSV delivered in the year to R$414.7 million.

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Contact IR

Telephone: +55 11 5056 8313
E-mail: ri@eztec.com.br