PRESS RELEASE

35 Years
MULTIPLAN OPENS EXPANSION OF BH SHOPPING WITH 11.026 m² OF GLA

Rio de Janeiro, September, 30th, 2010 - Multiplan Empreendimentos HIGHLIGHTS

Imobiliários (Bovespa: MULT3) announces the opening of the fifth and (estimated figures)
largest expansion of BH Shopping, located in the city of Belo Horizonte, Opening Date: September 30, 2010
state of Minas Gerais.
Gross Leasable Area (GLA): 11,026 m²

The expansion added 11,026 m² of Gross Leasable Area (GLA) to the Multiplan’s Interest: 80%
shopping center, 100% leased, through 80 new stores of which 70 are CAPEX*: R$152.1 million
expected to initiate their operations on the same date. Multiplan’s Key Money*: R$11.5 million
investments totaled R$152.1 million, including R$47.0 million invested in NOI 1st year*: R$11.6 million
the construction of a deck parking with 1,800 parking spaces. NOI 3rd year*: R$13.4 million

In order to meet the growing demand from consumers of upper-middle-

classes, this expansion offers an exclusive tenant mix, 30% of which are
opening for the first time in the city. This expansion represents an increase
of 30% in the GLA of BH Shopping to 47,866 m², with 375 stores.

BH Shopping, the first shopping center developed and managed by

Multiplan, was opened in 1979 and contributed to the growth and
development of the South Region of the city of Belo Horizonte. In 2009, the
shopping center received 14.7 million visits¹.

Armando d’Almeida Neto

* Multiplan´s Interest.
Vice President and Investor Relations Officer ¹ Source: IBOPE Inteligência (Sept/2009).

BH Shopping Expansion V of BH Shopping

Disclaimer: Readers and investors should be aware that many factors may lead our future results to materially differ from the forward-looking statements. Forward-
looking statements refer to future events which may or may not occur. Our future financial situation, operational results, market share and competitive positioning may
differ substantially from those expressed or suggested. Many factors and values that can establish these results are outside the company’s control or expectation. The
following rationale was used to calculate the estimated figures presented here: the cost of the project (CAPEX) is based on costs already incurred and in final costs
that may occur, according to the company’s engineering department. The net operating income was estimated based on lease contracts already signed and estimates
of future contracts that may affect the base rent revenue, overage rent revenue, merchandising revenue, parking fees, other revenues that may occur, and operating
expenses based on historical performance of the shopping center. Figures are subject to review.

Address: Av. das Américas, 4200

IR – Multiplan Bloco 2 - Sala 501 Duplex
Tel: 55 21 3031-5200 Barra da Tijuca - Rio de Janeiro
Fax: 55 21 3031-5322 Brazil - CEP: 22640-102

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