SAO PAULO, June 5 /PRNewswire-FirstCall/ -- Gafisa S.A. (NYSE: GFA; Bovespa: GFSA3), Brazil's leading diversified national homebuilder, has filed its 2008 annual report on Form 20-F with the U.S. Securities and Exchange Commission and has posted this document on its website at www.gafisa.com.br/ir.

Please, click here to access Gafisa s 20-F.

Gafisa's security holders (including holders of Gafisa's American Depositary Receipts) may receive a hard copy of this document, which contains Gafisa's complete audited financial statements, free of charge, upon request. For a copy of this report, requests should be directed to:

    Julia Freitas Forbes
    Investor Relations
    Av. Nacoes Unidas 8,501 - 19th Floor
    05425-070 - Sao Paulo, SP - Brazil
    phone: + 55 11 3025-305
    fax: + 55 11 3025-9217
    Email: ri@gafisa.com.br

About Gafisa

We are one of Brazil's leading diversified national homebuilders. Over the last 50 years, we have been recognized as one of the foremost professionally-managed homebuilders, having completed and sold more than 970 developments and constructed over 10 million square meters of housing, which we believe is more than any other residential development company in Brazil. We believe "Gafisa" is one of the best-known brands in the real estate development market, enjoying a reputation among potential homebuyers, brokers, lenders, landowners, and competitors for quality, consistency, and professionalism.

SOURCE Gafisa S.A.

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