Notice to the Market

PUBLICLY-HELD AUTHORIZED CAPITAL STOCK COMPANY

Corporate Taxpayers' ID (CNPJ/MF) 73.178.600/0001-18

Company Registry NIRE - 35.300.137.728

SUBSTANTIAL HOLDER

São Paulo, January 10, 2020 Pursuant to Article 12 of Instruction 358 of Comissão de Valores Mobiliários ("CVM", or the Brazilian Securities and Exchange Commission), dated January 3, 2002, as amended, Cyrela Brazil Realty S.A. Empreendimentos e Participações ("Cyrela" or "Company"), a residential real estate developer, announces to its shareholders and the market in general that the Company received a notification letter from Itaú Unibanco S.A. ("Itaú"), informing that its participation in Cyrela has been reduced to a level below 5% (five per cent) of the total amount of shares.

The notification letter has been filed at the Company's headquarters.

São Paulo, January 10, 2020.

Miguel Maia Mickelberg

Investor Relations Officer

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Cyrela Brazil Realty SA published this content on 10 January 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 January 2020 21:42:00 UTC