BR MALLS: Relevant Notice

RIO DE JANEIRO, Brazil, June 10 /PRNewswire-FirstCall/ -- BR MALLS PARTICIPACOES S.A., a publicly held company with headquarters at Rio de Janeiro, Afranio de Melo Franco Avenue, 290, Rooms 102,103 e 104, Leblon, in the City and State of Rio de Janeiro ("Company") announces, pursuant to the provisions of Instruction no. 358 of the Comissao de Valores Mobiliarios ("CVM") dated January 3, 2002, as amended, and for the purposes of section 7, first paragraph of the Instruction no. 471, dated August 8, 2008 ("Instruction CVM 471"), that filed, in Brazil, on this date an application for registry with the Associacao Nacional dos Bancos de Investimento ("ANBID") of an Global Equity Offering of Common Stocks of the Company, which shall be submitted to the simplified procedure provided in Instruction CVM 471 and in accordance with the agreement entered into by CVM and ANBID on August 20, 2008, for such purpose, in the terms provided below:

a. The Global Equity Offering of Common Stocks consists of a primary and secondary public offer of common shares, without par value, to be issued by the Company ("The Offering"), free from any encumbrances ("The Shares"). The Company expects the proceeds of the Offering to be approximately R$800.0 million, being the primary offering approximately R$500.0 million and the secondary offering approximately R$300.0 million. The final amount of the proceeds of the Offering may be determined out of the range indicated above and will be fixed in accordance with the market conditions at the moment of the pricing. The capital stock increase of the Offering will respect the limits provided by in the Company by-laws. The Company shareholders will have no preemptive rights in accordance with section 172 of Law no. 6.404, of December 15, 1976, as amended, and in the terms provided by the section 7 of the Company By-Laws;

b. The Shares shall be offered (i) in Brazil, under the coordination of Banco Itau BBA S.A., Banco UBS Pactual S.A., Banco Santander (Brasil) S.A. and eventually other financial institutions, at the non-organized OTC, in accordance with Instruction CVM no. 400, dated of December 29, 2003, as amended, and other applicable laws and regulations, coupled with selling efforts abroad, in the United States of America, for qualified institutional buyers, in accordance with Rule 144A issued by the Securities and Exchange Commission ("SEC"), with registration exemption provided for in US Securities Act of 1933, as amended ("Securities Act"), and other regulations based on the Securities Act, and in other countries, except in Brazil and in the United States of America, in accordance with the procedures provided for in the Regulation S issued by the SEC, and in compliance with the home country legislation of each investor, through investment mechanisms governed by the Brazilian Monetary Council, the Brazilian Central Bank, and CVM ("Foreign Qualified Institutional Buyers"); and (ii) abroad, through the placement of Global Depositary Shares ("GDS") underlying by Global Depositary Shares ("GDR"), provided that each GDS will represent 2 (two) Shares, in the terms set forth in the GDR program, approved by the CVM on April 3, 2007, to Foreign Qualified Institutional Buyers.

Further information regarding the Offering may be found in the preliminary prospectus, available in the Company´s website ( www.brmalls.com.br/ri ), CVM´s websites ( www.cvm.gov.br ) and BM&FBovespa´s website ( www.bmfbovespa.com.br ). The Company will keep the general market informed regarding issues related to the Offering, when applicable under the terms of the current law and regulations.

SOURCE BR MALLS Participacoes S.A.