Rodobens Acquires Land for TERRA NOVA Housing Project in Minas Gerais

SAO JOSE DO RIO PRETO, Brazil, July 27 /PRNewswire-FirstCall/ --Rodobens Negocios Imobiliarios S.A. ("Rodobens", Bovespa: RDNI3) signed apurchase agreement for the acquisition of a land property with 726,000square meters of total area for the development of a residential projectTERRA NOVA in the city of Uberaba, interior of the State of Minas Gerais. The 1,450-homes TERRA NOVA UBERABA project, currently in the process ofadjustments to the municipal guidelines, carries a potential pre-salesvalue estimated at approximately R$100 million. The city of Uberaba, located in the prosperous region of the interiorof the State of Minas Gerais known as the "Triangulo Mineiro," has apopulation of almost 300,000 people and a GDP per capita and demographicgrowth above the national average. Uberaba is distant approximately 500kmfrom the capital of the State of Minas Gerais, the city of Belo Horizonte,and 300km from the city of Sao Jose do Rio Preto, in the Northwest of theState of Sao Paulo, where Rodobens Negocios Imobiliarios is headquartered. For more information: Investor Relations Rodobens Negocios Imobiliarios E-mail: ri-rni@rodobens.com.br Tel.: 55-17-2137-1752/4 http://www.rodobens.com.br/ir http://www.sistemafacil.com.br About Rodobens Negocios Imobiliarios Rodobens Negocios Imobiliarios is a real estate developer with more than 16 years ofexperience. The company's focus is cities with more than 150,000inhabitants in the interior of Brazil. Since its foundation in 1991, thecompany launched 58 residential projects in 16 different cities of sixBrazilian states. The projects launched total 10,175 units and 1,254,921 m2of built area. Its main products are Sistema Facil, Terra Nova and PlanoUnico. On January 31, 2007, Rodobens Negocios Imobiliarios listed itsshares on the Novo Mercado of the Sao Paulo Stock Exchange. For furtherinformation, please visit our website at http://www.rodobens.com/ir. RodobensNegocios Imobiliarios is part of Empresas Rodobens, founded in 1949 and oneof Brazil's 100 largest business conglomerates. With a strong presence inthe vehicle and real estate businesses, the group comprises autodealerships, truck and bus dealerships, consortium, insurance brokerage,auto and truck rental, banking, e-commerce, real estate development,international businesses, and corporate communications.