PRESS RELEASE

STANDARD & POOR’S RAISES THE CORPORATE CREDIT RATING OF

MULTIPLAN

MULTIPLAN EMPREENDIMENTOS IMOBILIÁRIOS S.A. (BM&F BOVESPA S.A.:

MULT3), headquartered at Av. das Américas n.º 4.200 - Bloco 2, sala 501, Barra da Tijuca,
city and state of Rio de Janeiro, enrolled with the Taxpayer Registration (CNPJ/MF) under
n. 07.816.890/0001-53, hereby announces that, Standard & Poor’s revaluated its corporate
credit ratings for Multiplan, raising from brAA- to brAA on the Brazilian National Scale,
and from BB to BB+ on the global scale with stable perspective.

Rio de Janeiro, September 1st, 2009.

Armando d’Almeida Neto

Vice President and Investor Relations Officer

Multiplan is the leading shopping center company in Brazil in terms of revenue, in addition to developing,
owning and managing one of the largest and highest-quality mall portfolios with 34 years of experience in the
sector. The company also has strategic operations in the residential and commercial real estate development
sectors, generating synergies for mall-related operations and adjacent owned land destined for mixed-use
projects. On June 30th 2009, Multiplan owned – with an average interest of 68.2% - and managed 12 shopping
centers totaling a GLA of 484,873 m², 3,026 stores, and an estimated annual traffic of 146 million consumers.
This has ranked the company among the largest shopping center operators in Brazil according to the Brazilian
Shopping Centers Association (ABRASCE). Seeking to control and exercise its management excellence,
Multiplan owns controlling positions in 10 out of the 12 shopping centers in its portfolio and currently manages
all operating shopping centers in which it has an ownership interest.