BR Malls Participacoes S.A. Notice to the Market

SAO PAULO, Brazil, Nov. 28 /PRNewswire-FirstCall/ -- BR MALLS PARTICIPACOES S.A. (Bovespa: BRML3), a publicly-held company headquartered at Afranio de Melo Franco, 290, salas 102, 103 e 104, Leblon, in the City and State of Rio de Janeiro, corporate taxpayer's ID (CNPJ) 06.977.745/0001-91, as requested by CVM (Comissao de Valores Mobiliarios), hereby clarifies certain matters regarding the Company share buyback program announced on November 17th, 2008.

As previously mentioned, the Company share buyback program will occur by means of its subsidiary Ecisa Participacoes Ltda. ("Ecisa").

Accordingly, the Company clarifies that it is using in its Company share buyback program the capital reserve balance (goodwill special reserve) of Ecisa in the amount of R$ 49,191,803.19.


                     Rio de Janeiro, November 27th, 2008

                         BR MALLS PARTICIPACOES S.A.
                          Investor Relations Officer
                            Leandro Bousquet Viana

SOURCE BR Malls Participacoes S.A.



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