News

Material Fact

EZ TEC EMPREENDIMENTOS E PARTICIPAÇÕES S.A. ("EZTEC"), in attendence to article 157, §4º, of Law 6.404, of December 15th, and in accordance to Instruction 358 from the Securities Exchange Commission (CVM), of January 3rd, 2002, hereby informs its shareholders and the market at large that its expectation for launches during the fiscal year of 2019, as measured by Potential Sales Value (PSV) and considering exclusively EZTEC’s stake on each project, was altered from the range of R$1.0 billion to R$1.5 billion to the new range of R$ 1.5 billion to R$ 2.0 billion, with an increase in launched projects in the market, while not accounting for corporate towers in these figures.

PSV Launched R$1.5 billion to R$2.0 billion

This material fact contains projections, which are based exclusively on the beliefs of EZTEC’s management and are therefore subject to risks and uncertainties. These projections take into account such factors as the performance of the economy, the market and the real estate sector, as well as operational conditions. Any changes in perception or in the above-mentioned factors may cause actual results to differ from disclosed projections.

São Paulo, August 14th, 2019.

Ernesto Zarzur
Chairman of the Board of Directors

Flavio Ernesto Zarzur Silvio Ernesto Zarzur
Chief Executive Officer Vice-President

A. Emilio Clemente Fugazza
Investor Relations Officer

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Para mais informações contate:

For further information contact:
EZTEC S.A. - Investor Relations

Phone: +55 (11) 5056-8313
E-mail: ri@eztec.com.br
www.eztec.com.br/ir

About EZTEC: With 40 years of operations, EZTEC is one of the most profitable publicly-traded companies in Brazil‘s real estate development and building industry. Based on its fully integrated business model, EZTEC has already launched 138 projects, totaling more than 4.8 million square meters of built area and area under construction, and 28,230 units. EZTEC S.A. is listed on the Novo Mercado special corporate governance segment of the São Paulo Stock Exchange (BM&FBOVESPA) under the ticker EZTC3.

"This release contains forward-looking statements relating to the prospects of the business, estimates for operating and financial results, and those related to growth prospects of EZTEC. These are merely projections and, as such, are based exclusively on the expectations of the Company‘s management concerning the future of the business and its continued access to capital to fund its business plan. Such forward-looking statements depend, substantially, on changes in market conditions, government regulations, competitive pressures, the performance of the Brazilian economy and the industry, among other factors and risks disclosed in the Company‘s filed disclosure documents and are, therefore, subject to change without prior notice".