NOTICE TO THE MARKET

Rio de Janeiro, January 23, 2014 - Brookfield Incorporações S.A. (BM&FBovespa: BISA3, US OTC: BRRSY), one of Brazil's largest real estate developers and construction companies, in attention to Official Letter GAE 128/14, from January 23, 2014, in view of the recent fluctuations in the price of the shares issued by the Company, the increase in the number of trades and the amount traded, hereby clarifies that it is not aware of any fact that justifies said fluctuations.

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