BRMALLS Increases Its Ownership Interest to 39.6% in Osasco Plaza Shopping

RIO DE JANEIRO, Brazil, June 3 /PRNewswire-FirstCall/ -- BRMALLS Participacoes S.A. (Bovespa: BRML3), the largest integrated shopping mall company in Brazil, hereby announces the acquisition, through one of its subsidiaries, of an indirect interest of 2.5% in Osasco Plaza Shopping. Osasco Plaza Shopping is a mall located in the city of Osasco, state of Sao Paulo, with 12,800 square meters in Total Gross Leasable Area (Total GLA) and 175 stores. Additionally, the other current stakeholders of the shopping mall are committed to carrying out an expansion to be launched in 2009, which will expand the mall's GLA by 16,000 square meters.

After the above mentioned acquisition, BRMALLS increased its owned GLA from 412.7 thousand square meters to 413.0 thousand square meters, holding ownership interest in 32 Shopping Malls, and maintaining a total GLA of 941.5 thousand square meters.

Should you have further questions, please contact the IR Department:

Leandro Bousquet Viana
CFO and IRO

Renata Motta
IR Manager

Izabella Batista
IR Analyst

Tel.: (55 21) 3138-9900
Fax: (55 21) 3138-9901
E-mail: ri@brmalls.com.br

About BRMALLS

BRMALLS Participacoes S.A is the largest integrated shopping mall company in Brazil, with a portfolio of 32 malls, comprising 941.5 thousand square meters of gross leasable area (GLA) and 413.0 thousand square meters 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, or Renata Motta, IR
Manager, or Izabella Batista, IR Analyst, all of BRMALLS Participacoes,
+011-5521-3138-9900, or fax, +011-5521-3138-9901, ri@brmalls.com.br

2008-06-03 17:09:00 0376722 PRNEWSWIRE