Multiplan Notice 20081205 Eng

Belo Horizonte • Brasília • Curitiba • Jundiaí • Maceió • Porto Alegre • Ribeirão Preto • Rio de Janeiro • São Caetano • São Paulo

NOTICE TO THE MARKET MULTIPLAN EMPREENDIMENTOS IMOBILIÁRIOS S.A., with head office at Av. das Américas n. 4.200 - Block 2, suite 501, Barra da Tijuca, City and State of Rio de Janeiro, enrolled with the Taxpayer Registration (CNPJ/MF) under n. 07.816.890/000153, in accordance with (i) the External Communication issued by BM&F BOVESPA S.A. Bolsa de Valores, Mercadorias e Futuros ("BOVESPA") n. 051/2008-DP; and (ii) the authorization granted by BOVESPA, on November 7th, 2008, whereby Multiplan was authorized to have its minimum percentage of free float reduced to 22.50%, we inform that, on the date hereof, in result of the implementation of the referred share repurchase program, the free float of the company has reached a percentage inferior to 25.00%. We also inform that, as determined by BOVESPA, the reestablishment of the minimum percentage of free float shall occur by May 11th, 2010. Rio de Janeiro, December 5th, 2008.

Multiplan Empreendimentos Imobiliários S.A. Armando d´Almeida Neto Vice President Officer and Investor Relations Officer