Multiplan Fato Relevante 20071121 Eng

MULTIPLAN EMPREENDIMENTOS IMOBILIÁRIOS S.A. Corporate Taxpayers’ Id. (CNPJ): 07.816.890/0001-53 Company Registry No. (NIRE): 33.3.0027840-1 MATERIAL FACT MULTIPLAN EMPREENDIMENTOS IMOBILIÁRIOS S.A., a publicly held company, with head office at Av. das Américas, 4.200, Bloco II, sala 501, duplex - parte, City and State of Rio de Janeiro, in attendance to CVM Instruction n. 358/2002, hereby informs that on the date hereof it entered into, with PSS - SEGURIDADE SOCIAL, a complementary closed social security entity enrolled under Taxpayer Registration (CNPJ/MF) n. 49.729.544/0001-88, a Purchase and Sale Agreement, whereby was purchased an additional participation of 10.11465% in the stores of MorumbiShopping, located in São Paulo. Such purchase increases the participation of Multiplan from 52.23% to 62.35% in the gross leasable area of 48,411.00 sq. m. of MorumbiShopping. Besides aforesaid participation, Multiplan holds 91,00% in stores representing 6.589,00 sq. m. of the MorumbiShopping gross leasable area, as result of its latest expansion in 2006. The transaction is in line with the company’s growth strategy, of purchasing additional participation in the shopping malls wherein it already holds participation. MorumbiShopping has an annual traffic estimated of 15,0 million consumers, a gross commercial area of 61,435 sq. m. and 3,108 car parking spaces. It was opened in 1982 and is located in one of the major growing regions of São Paulo.

Rio de Janeiro, November 21, 2007

MULTIPLAN EMPREENDIMENTOS IMOBILIÁRIOS S.A. Mario Augusto Nogueira de Paula Officer of Investor Relations