Share Performance (31/12/2009)

• Closing Price : R$21.50; up 136% compared to 2008;
• Market Value : R$4.4 billion;
• Average Price (2009) : R$16.98;
• Average Daily Trading Volume (2009) : 559,600 shares; up 92.1% compared to 2008;
• Average Daily Trading Value (2009) : R$10 million; up 137.5% compared to 2008.

Indices
BRMALLS shares are currently listed on 25 indices, including some of Bovespa’s most important market indices:

• IBrX-100, which measures the total return of a portfolio comprising the 100 companies with the highest liquidity ratio on the Bovespa;
• ITAG (Tag Along Index), for companies that give minority shareholders the right to follow controlling shareholders in the event of a transfer of stock control;
• IGC (Corporate Governance Index), composed of companies with a superior level of corporate governance;
• IMOB (Real Estate Index), comprised of companies in the real estate sector;
• MSCI (Emerging Markets Index), which includes shares from companies in emerging markets.

Second Follow-On Offering
In July 2009, BRMALLS completed a primary and secondary follow-on equity offering totaling 48,455,481 common shares including 37.5% in secondary shares on the Bovespa and in the US in the form of Global Depositary Shares. The shares were priced at R$15 and were up 43% at year-end. After the issuance, our free float was over 60%, contributing to an increase in our share’s liquidity.