Contact Information: Izabella Batista BRMALLS Investor Relations Work: +55 21 3138 9914 Cell: +55 21 9251 1589 Izabella.batista@brmalls.com.br
BR Malls -- Material Fact
| Source: BR MALLS Participacoes S.A.
RIO DE JANEIRO, BRAZIL--(Marketwire - August 21, 2009) - In accordance to Ordinance
CVM/SEP/GEA-2 no. 258/2009, CVM/SEP/GEA-2 no. 261/2009 and CVM/SEP/GEA-2
no. 343/2009 and also with the provisions set forth on paragraph 4th,
article 3rd of rule no. 358/02 of the Brazilian Securities and Exchange
Commission, BR MALLS PARTICIPAÇÕES S.A. ("BR Malls") and JHSF PARTICIPAÇÕES
S.A. ("JHSF"), in response to the articles published in Portal Exame on
August 19th, 2009 and in Jornal Valor Econômico on August 20th, 2009,
inform that:
BR Malls sent a firm proposal to JHSF aiming at -- subject to the
conduction of financial, commercial, accounting and legal due diligences
("Diligences") -- the acquisition of a 95% ownership interest in Shopping
Metrô Santa Cruz, as well as, 100% of the rights to manage the parking of
Metro Santa Cruz, for the price of R$ 222,595,550.00 (two hundred twenty
two million five hundred ninety five thousand five hundred and fifty reais)
("Proposal").
JHSF formalized the acceptance of the Proposal and both parties initiated
arrangements for the conduction of the Diligences.
The Diligences were concluded by BR Malls and, after good faith
negotiations, both parties, on this date, irrevocably and irretractably,
agreed that, due to Real Estate Credit Notes (Cédulas de Crédito
Imobiliário -- "CCI") and other adjustments, the final price to be paid is
of R$188,100,000.00 (a hundred eighty eight million and a hundred thousand
reais). BR Malls and JHSF will sign the purchase and sale agreement over
the next 15 (fifteen) days, in accordance with the terms established in the
Proposal.
The transaction will be concluded after all the existing obligations are
met, including the ones relating to the concession agreement.
Both BR Malls and JHSF shall maintain its investors and the market in
general informed of further developments regarding this manner.