CYRELA BRAZIL REALTY S.A. EMPREENDIMENTOS E PARTICIPAÇÕES ("Company"), in addition to the Notice to Shareholders published on July 23rd, 2020 ("07.23.2020 Notice"), hereby informs the shareholders and the market in general that, in an Executive Board Meeting ("Meeting") held on November 20th, 2020, the payment of the mandatory minimum dividend, related to the fiscal year ended on December 31st, 2019, which distribution was declared in the Annual Shareholders' Meeting held on July 23rd, 2020 ("2020 AGM"), was approved. It will be paid in local currency, in one single installment, on December, 17th, 2020.
In addition of the 07.23.2020 Notice and in line with the items approved in the 2020 AGM and also in the Meeting held on November 20th, 2020, the dividend payment must regard the following terms, conditions and procedures:
The total amount of R$98,762,316.06 (ninety-eight million, seven hundred and sixty-two thousand, three hundred and sixteen reais and six cents), equivalent to R$ 0.2569083204 per common share issued by the Company, disregarding treasury shares, based on the July 23rd, 2020 shareholders base.
People registered as shareholders of the Company on the base date of July 23rd, 2020, shall be entitled to the declared dividend, respected and including negotiations performed before or on such date. The shares of the Company have been traded "ex-dividends" since July 24th, 2020 (including).
The payment of the dividends in Brazil will be performed in local currency, in one single installment, on December 17th, 2020, fixed by resolution of the Company's Executive Meeting held on November 20th, 2020.
There will be neither monetary adjustment nor interest charges between the date of the declaration of dividends (07.23.2020) and the date of the effective payment (12.17.2020).
On the date of the dividend's payment (12.17.2020), the Company will credit the dividend due to each shareholder, according to the number of common shares
Notice to Shareholders
of its ownership on the base date of July 23rd, 2020 (respecting the negotiations carried out until that day, inclusive), according to the banking address provided to Banco Bradesco S.A., the institution responsible for the bookkeeping of the Company's shares.
Shareholders whose registration does not include the CPF/CNPJ number or information related to the "Bank/Agency/Current Account" shall only receive their dividends after such register is updated and on the deadlines determined by Banco Bradesco S.A.
Shareholders whose shares are kept by institutions providing securities custody services will have their dividends credited in accordance with the procedures adopted by such depositary institutions.
Receivable dividends shall be exempted from Income Tax pursuant to article 10 of Law n.º 9.249 of 1995.
São Paulo, November 23, 2020.
Miguel Maia Mickelberg
Chief Financial and Investor Relations Officer
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Cyrela Brazil Realty SA published this content on 23 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 November 2020 21:10:05 UTC
Cyrela Brazil Realty S.A. Empreendimentos e Participações leader in the development and promotion of residential real estate assets. The group's activity is organized around 3 sectors:
- development and sale of accommodations ;
- sale of land plots ;
- real estate services.
CYRELA BRAZIL REALTY S.A. EMPREENDIMENTOS E PARTICIPAÇÕES 
