Multiplan Cm 20071126 Eng

MULTIPLAN ACQUIRES AN ADDITIONAL INTEREST IN MORUMBISHOPPING IN SÃO PAULO FOR R$120.0 MILLION MULTIPLAN EMPREENDIMENTOS IMOBILIÁRIOS S.A (“MULTIPLAN”) (Bovespa: MULT3), the largest shopping mall company in Brazil by revenues, announces the acquisition of an additional 10.11465% of MorumbiShopping from PSS – Seguridade Social, a supplementary private pension entity of Philips group employees. This investment is consistent with the Company’s stated focus of enhancing shareholder value through strategic acquisitions. This acquisition increases Multiplan’s stake in MorumbiShopping from 52.23% to 62.35% over the Gross Leasable Area (GLA) of 48,411 sq. m. of MorumbiShopping’s original design. In addition, Multiplan also holds 91% of the expansion area, launched in November 2006, with 84 stores representing 6,589 sq. m. of Gross Leasable Area (GLA). MorumbiShopping Launched in 1982, MorumbiShopping is located in a trade area with an intense flow of high purchasing power customers (85% from A and B classes and 60% women). It has an estimated annual traffic of 15 million people, a Gross Commercial Area (GCA) of 61,435 sq. m. and a Gross Leasable Area (GLA) of 55,000 sq. m., including the November 2006 expansion. Features of the Acquisition of Additional Interest Alignment with strategy: The acquisition of interest in owned malls is one of Multiplan’s four core growth strategies and offers very high risk adjusted returns. MorumbiShopping is a flagship property for Multiplan and increasing the ownership in this irreplaceable asset is an outstanding opportunity for the Company. No additional costs: There will not be any additional head office costs resulting from this acquisition. It is expected with the reduction of partnership reporting that there may actually be some reduction in fixed costs. Unsurpassed quality: The quality of the existing Multiplan portfolio comprises the top shopping malls of Brazil. The ability to increase ownership in one of the best malls in São Paulo, will enhance cash flows and overall returns for the Company. Substantial NOI growth: In 3Q07 MorumbiShopping showed a growth of 30% in its NOI compared to the same period of the previous year. This growth was due, in part, to the 6,589 sq m expansion, but it was also caused by a 22.6% increase in rents. These strong results further support how the shopping mall has benefited from the consumer growth in Brazil and reaffirms Multiplan’s potential organic growth due to its leadership in the sector. Higher interest in future projects: By increasing its interest in this project, Multiplan is also ensuring a higher interest in future MorumbiShopping expansions and developments. Summary of Acquisition Total price Interest acquired* Net Operating Income (NOI) @ 100% (2008)* Internal Rate of Return (nominal) * Original project not including the November ‘06 expansion

R$120.0 M 10.1% R$ 77.7 M 15.1%