VIVER INCORPORADORA E CONSTRUTORA S.A. Corporate Taxpayer’s ID (CNPJ/MF): 67.571.414/0001-41 Company Registry (NIRE): 35.300.338.421 Notice to the Market São Paulo, December 28, 2011 - Viver Incorporadora e Construtora S.A. (“Viver”) today announced the combination of Viver's construction activities with Reusing Engenharia e Construções Ltda. (“Reusing”) through the creation of a new subsidiary, Reusing Construções S.A. (“Reusing Construções”). Viver holds 50% of the voting stock and total capital of Reusing Construções S.A. The combination of the activities of the two companies advances Viver’s vertical integration strategy by strengthening its construction division and ensuring the Company’s execution capacity in the South of Brazil. Founded in 2002, Reusing operates in the states of Santa Catarina and Rio Grande do Sul, developing both residential and commercial properties for a variety of income segments, and employs more than 120 professionals. Viver will be responsible for the financial management of Reusing Construções while Reusing will provide additional construction capacity. The projects developed by Reusing Construções will be controlled by Viver’s corporate system. Investor Relations: Telephone: (11) 3046-3139 Email: [email protected] Site: www.viver.com.vc/ri 1