Tecnisa and Agra Concludes Telefonica Real Estate Purchase and Sale Agreement

SAO PAULO, Brazil, May 6 /PRNewswire-FirstCall/ -- Tecnisa (Bovespa: TCSA3), one of the largest and most renowned real estate companies in Brazil and among the five biggest in the city of Sao Paulo, announces that pursuant to CVM Instruction 358 of January 3, 2002, as amended thereto, and giving continuity to the Material Fact of March 18, 2008, Tecnisa S.A. ("Tecnisa") hereby informs that pursuant to an agreement it exercised on this date the right to sell six million, eight hundred fifty seven thousand, nine hundred twenty seven (6,857,927) quotas of Windsor ("Company") to Agra Empreendimentos Imobiliarios S.A. ("Agra").

These quotas account for 5% of the capital stock of the referred Company, which were sold by the amount of thirteen million, three hundred sixty four thousand, eight hundred forty eight reais and thirty five centavos (R$13,364,848.35) paid on the option exercise date.

Windsor is the owner of the real estate located at Avenida Marques de Sao Vicente, no. 2.353, corner with Avenida Nicolas Boer, no. 301, Barra Funda Neighborhood, in the city of Sao Paulo, State of Sao Paulo, with a total area of 251,380.81 square meters (the "Real Estate").

For full release, please access http://www.tecnisa.com.br/ir.

About Tecnisa:

Founded 30 years ago, Tecnisa S.A. is one of the largest and most renowned real estate companies in Brazil. It is active in every segment of the business, from development through construction to sales and its many distinguishing features include a strong reputation, a focus on exemplary client service and product quality, online sales and consistent profitability. Tecnisa is listed on the Bovespa's Novo Mercado, which demands the highest standards of corporate governance, and is traded under the TCSA3 ticker.

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FCMN Contact:

Source: Tecnisa

CONTACT: Geraldo Colonhezi Junior, IR Manager, Tecnisa,
+55-11-3708-1162

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

2008-05-06 18:57:28 0354623 PRNEWSWIRE