Material fact

MATERIAL FACT

São Paulo, December 26, 2013 - LPS Brasil - Consultoria de Imóveis S.A. ("Lopes" or "Company") (BM&FBovespa: LPSB3), a publicly held company headquartered at Rua Estados Unidos, nº 1.971, in the city and state of São Paulo, pursuant to CVM Instruction 358/2002, in line with its corporate strategy, hereby informs the shareholders and the public that signed, on December 24, 2013, an Memorandum of understanding ("MoU"), by which is obligated, after fulfilled determined precedent conditions, to subscribe 49% (forty-nine percent) of representative shares of  total voting capital stock of Netimóveis Brasil Rede Imobiliária S/A, society headquartered in the city of Belo Horizonte, Minas Gerais State ("Netimóveis").

The Company's total investment for the subscription of the shares will amount R$ 16 million.

Netimóveis is the largest real estate network operating in the Brazilian secondary market, with transactions closed of over R$ 3.0 billion in the past 12 months.

For additional information, please contact our investor relations team.