São Paulo, January 11, 2013

TECNISA S.A. Operational Preview - 4Q12 Launches reached R$ 511 million in 4Q12 and surpassed R$ 1.0 billion in 2012. Contracted Sales amounted to R$ 230 million in the quarter and totaled R$ 1.1 billion in the year.

TECNISA S.A. (BM&FBOVESPA: TCSA3), one of the largest residential developers in Brazil, operating with an integrated business model that includes development, construction and brokerage operations, announces today its preliminary operating performance for the fourth quarter of 2012 (4Q12) and 2012. These results are unaudited and subject to change.

Launches

In 4Q12, TECNISA launched R$ 511 million, TECNISA's share, compared to R$ 396 million launched in 3Q12, representing an increase of 29%. Six new projects were launched, with 2 being in the Premium brand and 4 Flex brand.
In 2012, TECNISA's launchings reached R$ 1,011 million, fully meeting 2012 guidance.

Launches (% TECNISA) (R$ million)

2,116

1,016

396 511

1,011

4Q11 3Q12 4Q12 2011 *

* Later, in 2Q12, 2 projects were cancelled, with R$ 156 Milliom in PSV, TECNISA share.

2012

Contracted Sales

Contracted Sales, based in TECNISA's interest and net of distracts, totaled R$ 230 million in 4Q12, 38% lower than

3Q12. This decrease is partially explained by the launch of a major development (The Five, with a R$ 290 million PSV, TECNISA's share) in the second half of December, which prevented a greater contribution in volume of the quarter.

Contracted Sales (% TECNISA) (R$ million)

1,831

1,092

404 373

230

4Q11 3Q12 4Q12 2011 2012

Contracted Sales, TECNISA's interest and net of distracts, totaled R$ 1,092 million in 2012. Sales velocity, expressed by the Sales Over Supply (SoS)1 ratio was 36%, as shown below:

Sales over Supply (SoS) 2012


I n ve n tory (e n d of p re vi ou s q u a rte r)

2,172,463

(+) La u n ch i n g i n th e p e ri od

1,011,415

(-) Proje cts Ca n ce l l a ti on (2)

(137,681)

Supply (Inventory + Launching)

3,046,197

Adjusted Contracted Sales 1,092,368

SoS 35.9%

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Delivery of Developments

TECNISA delivered 2 developments in 4Q12, totaling 1.256 units and representing a PSV of R$ 291 million, reaching, in the 2012, 13 developments, totaling 3.050 units and representing R$ 852 million. TECNISA adopts by reference for the projects conclusion the date of the Condominium's Meeting.

Developments Conclusion 4Q12 4Q11 4Q12 vs. 4Q11

3Q12 4Q12 vs. 3Q12

2012 2011 2012 vs. 2011

Developments concluded

2

3 -33.3% 3 -33.3%

13

18 -27.8%

Delivered units

1,256

920 36.5% 444 182.9%

3,050

3,205 -4.8%

Delivered PSV (R$ '000) - % TECNISA

290,600

106,000 174.2% 236,814 22.7%

852,391

833,000 2.3%

1 SoS = Contracted Sales / (Initial Inventory + Launchings)

2 Inventory at market value of the cancelled projects. Base date, 12/31/2011.

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Land Bank

The Company's Land Bank reached a potential PSV of R$ 7,730 million in 3Q12, TECNISA's interest, as shown in
the charts below. It is worth highlighting that no land was purchased in the period.

Segment Breakdown (4Q12)

15%

12%

Geographical Breakdown (4Q12)

7% 4% 7%

Premium Flex

85%

69%


SP - São Paulo City SP - SP MA Brasília Paraná Other States

7,871

Land bank evolution - 4Q12 (R$ Million)

(511) - 370 7,730


3Q12 PSV La unched Land Aquisition Adjustments 4Q12

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Inventory at Market Value

TECNISA ended the 4Q12 with R$ 2.6 billion in Inventory at Market Value, out of which R$ 2.0 billion related to TECNISA's interest. This figure represents an increase of 17% in relation to the 3Q12. The concluded unit inventory increased marginally from 4.5% to 4.9% of the total, result of the increase of delivered developments.

5%

31%

18%

9%

64%

21%

52%

Launched Under construction Concluded

SP Curitiba Brasília Other States

Annex - 2012 Launches

Year State Quarter of

Launching

Name TT Un. % TECNISA PSV Total (R$ Million)

PSV TECNISA (R$ Million)

2012 SP 4Q12 Máximo Mogi 284 50% 44.0 22.0

2012 SP 4Q12 Itapimirum II - Morumbi 120 50% 45.6 22.8

2012 SP 4Q12 Flex Imigrantes (Fase 4) 160 100% 29.2 29.2

2012 SP 4Q12 Flex Osasco II 268 80% 67.3 53.9

2012 SP 4Q12 Flex Imigrantes 480 100% 93.4 93.4


2012 PR 4Q12 Dr. Pedrosa - Curitiba 487 100% 290.0 290.0

IR Contact

Investor Relations Area

Phone: +55 (11) 3708-1162

Fax: +55 (11) 3708-1125 www.tecnisa.com.br/ri ri@tecnisa.com.br

This report contains forward-looking statements that express or imply expected results, performance or events. These views include future results that may be affected by historical results, in accordance with the statements made in the section "Outlook". Actual performance and events may differ substantially from those projected and are subject to risks such as the general and economic conditions of Brazil and other countries, interest and exchange rate levels, protectionist measures in the USA, Brazil and other countries, legal and regulatory changes and shifts in general competitive factors (national, regional or global)

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