Rodobens Negocios Imobiliarios S.A. News

Rodobens Launches TERRA NOVA in the Interior of Southern Brazil

SAO JOSE DO RIO PRETO, Brazil, Feb. 12 PRNewswire-FirstCall — Rodobens Negocios Imobiliarios S.A. (Bovespa: RDNI3) announces the launching of the 1st phase of the gated community of single-family homes TERRA NOVA SANTA CRUZ DO SUL, in the city of Santa Cruz do Sul, interior of Rio Grande do Sul, Brazil's southernmost state.

The Terra Nova Santa Cruz do Sul is also the 3rd project launched by Rodobens in 2008, and the 67th residential project launched by Rodobens since its founding.

The project is expected to have 480 homes in total, carried out in two phases. The 214 homes of the 1st phase are being sold at a price ranging from R$69,000 to R$100,000, with monthly installments from R$428 to R$623. Homebuyers will have access to 30-year mortgages provided by Banco Santander under the partnership agreement signed with Rodobens in 2007.

The 480 homes of the total project will be built with concrete molded on site, in a process with high speed of construction and quality. The delivery of the 1st phase is scheduled for 12 months from launching.

Profile: TERRA NOVA SANTA CRUZ DO SUL — Type: Gated community of single-family homes — Number of units: 480 in total, with 214 units launched in the 1st phase — Total potential sales value: R$19 million (1st phase only) — Rodobens' share of the project: 50% — Project partners: Capa Engenharia — PSV Rodobens: R$9.5 million (1st phase only) — Estimated delivery: February 2009 (1st phase) Characteristics of the units — Built area: 46m2, 58m2 and 66m2 — 2 or 3 bedrooms, including 1 suite — 2 garage parking slots For more information: Investor Relations E-mail: ri-rni@rodobens.com.br Tel.: 55-17-2137-1754/3/2 http://www.rodobens-rni.com.br/ir

Profile — Rodobens Negocios Imobiliarios is a real estate developer with more than 16 years of experience. The company's focus is cities with more than 150,000 inhabitants in the interior of Brazil. Since its foundation in 1991, the company has launched 67 residential projects in 21 different cities in seven Brazilian states (SP, MG, RJ, PR, RS, CE, MT). The projects launched a total of 14,950 units and 1,649,534m2 of built area. Its main products are Sistema Facil, Terra Nova and Plano Unico.

SOURCE Rodobens Negocios Imobiliarios S.A.

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