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EZTEC closes 2011 with a 30.5% increase in launches, near the top of the guidance


EZTEC closes 2011 with a 30.5% increase in launches,
near the top of the guidance

São Paulo, December 21st, 2011 - EZTEC S.A. (BM&FBOVESPA: EZTC3; Bloomberg EZTC3:BZ), one of the most profitable publicly-held real estate companies in Brazil, announces that, on December 20, 2011, it achieved its 2011 guidance with own PSV of R$1.16 billion. This volume represents a 30.5% upturn over the previous year and is near the top of the launch guidance released on November 22, 2010, with EZTEC’s share ranging between R$1.0 billion and R$1.2 billion.

In addition to the guidance of launches, on February 14, 2011, EZTEC disclosed a 40.0% minimum gross margin and a 30.0% minimum net margin estimate for 2011, pursuant to the prevailing accounting practices. After calculating the results for the first nine months of 2011, the period gross margin came to 50.0%, 10.0 p.p. above the minimum guidance, while the net margin reached 44.0% in 9M11, 14.0 p.p. above the minimum guidance.

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