Company profile We are the leading company in Brazil’s shopping mall sector. We are the largest owner of shopping malls in Brazil in terms of total gross leasable area, owned gross leasable area and number of shopping malls. We are also the largest provider of management services in Brazil for shoppingmalls as well as leasing and merchandising services. Portfolio
We currently own a portfolio of 46 malls, comprising 1,449,480 m² of total GLA and 817,882m² of owned GLA with about 8,000 stores and total tenant sales of R$16.1 billion in 2011. Our average ownership interest in our malls is 56.4% in terms of GLA. Our top 19 malls in terms of NOI account for 81.9% of the Company’s NOI and our average ownership interest in the these malls is 79.0%.

Our portfolio is strategically diversified according to our target customers’ income level and geographic position. Our highest NOI concentration is in the middle-income group. The Brazilian middle class has been growing rapidly in recent years and should continue to accompany the strong growth of the country's economy.

Services
BRMALLS ended 2011 providing management and/or leasing services for 39 shopping malls, including 38 of the 46 included in our portfolio. BRMALLS provides management services to 36 malls, 35 of which are included in our portfolio, and leasing services to 39 malls, 38 of which we hold ownership interests. BRMALLS manages and/or leases all of its top 19 malls.