BRMALLS Increases Its Ownership Interest in Shopping Center Sao Luis

RIO DE JANEIRO, Brazil, May 6 /PRNewswire-FirstCall/ -- BRMALLS Participacoes S.A. (Bovespa: BRML3), the largest integrated shopping mall company in Brazil, announces the acquisition, through one of its subsidiaries, of an indirect interest of 10.0% in Shopping Center Sao Luis.

Following the aforementioned acquisition, BRMALLS holds 15.0% of the Gross Leasable Area (GLA) of Shopping Center Sao Luis.

Shopping Center Sao Luis is located in the city of Sao Luis, state of Maranhao. The mall has 34,000 m(2) of GLA and 115 stores.

After the above mentioned acquisition, BRMALLS increased its owned GLA from 376.8 thousand m(2) to 380.2 thousand m(2), holding ownership interest in 31 Shopping Malls, and maintaining a total GLA of 909.2 thousand m(2).

For further information please access: www.brmalls.com.br/ir

About BRMALLS

BRMALLS Participacoes S.A is the largest integrated shopping mall company in Brazil, with a portfolio of 31 malls, comprising 909.2 thousand m(2) of gross leasable area (GLA) and 380.2 thousand m(2) of owned GLA. BRMALLS is the only shopping mall company in Brazil with a nationwide presence and caters to all income segments.

First Call Analyst:
FCMN Contact:

Source: BRMALLS Participacoes S.A.

CONTACT: Leandro Bousquet Viana, CFO and IRO, Renata Motta, IR Manager,
or Izabella Batista, IR Analyst, (55 21) 3138-9900, Fax (55 21) 3138-9901,
ri@brmalls.com.br

Web site: http://www.brmalls.com.br/ir

2008-05-06 18:38:29 0354608 PRNEWSWIRE