GAFISA S.A.

CNPJ/MF n 01.545.826/0001-07

NIRE 35.300.147.952

Publicly-held Company

NOTICE TO THE MARKET

São Paulo, SP, Brazil, January 19, 2018 - GAFISA S.A. (BOVESPA: GFSA3) ("Gafisa" ou "Companhia") hereby informs the market that, as of January 22, 2018, the Subscription Rights exercised during the Initial Period of Preemptive Rights and in eventual extraordinary periods for subscription of unsubscribed shares, after converted into Subscription Receipts, represented by the symbol GFSA9, will be negotiated in spot market of B3 until its transformation into shares, which will take place after the capital increase homologation, if, at least, the minimum subscription is attained, in accordance with the Notice to Shareholders published on December 20, 2017.

GAFISA S.A.

Carlos Calheiros

Diretor Financeiro e de Relações com Investidores

Gafisa SA published this content on 19 January 2018 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 19 January 2018 20:24:07 UTC.

Original documenthttp://ri.gafisa.com.br/files/doc_downloads/comunicado_ao_mercado/2018/01.19-Comunicado_Negociação_Recibos/Gafisa-CM-Negociação-de-Recibos_eng.pdf

Public permalinkhttp://www.publicnow.com/view/21B558F26ED625F4DBE04A84A23519425D63D522