GAFISA responded in a regulatory filing to a regulatory requests for clarification of “news published on this date on the website Valor Econômico, under the title “Decision about Alphaville is in the final round””. The company stated: "As disclosed in the Material Fact dated as of September 10, 2012 and in the Notice to Market dated as of February 20, 2013, the Company has, since the date of the first Material Fact, been analyzing strategic options for the “Alphaville” business. For that purpose, the Company has engaged in discussions with market participants, including interested parties identified in the Valor news article. Notwithstanding these discussions, there is currently no definition in place that permits the Company to confirm which strategic option it will pursue, the financial consideration and the date that a potential agreement will be executed. The market will be kept informed of any fact that permits the Company to confirm a strategic option and disclose the conditions of this chosen path."