Construtora Norberto Odebrecht S.A., Through Its Affiliate Odebrecht Finance Ltd., Announces Final Results of Tender Offer for

 Construtora Norberto Odebrecht S.A., Through Its Affiliate Odebrecht Finance
Ltd., Announces Final Results of Tender Offer for Any and All of 7.000% Senior
 Notes Due 2020 and Tender Offer and Consent Solicitation for Any and All of
                            6.000% Notes Due 2023

PR Newswire

SAO PAULO, April 24, 2013

SAO PAULO, April 24, 2013 /PRNewswire/ --Construtora Norberto Odebrecht S.A.
("CNO"), through its affiliate Odebrecht Finance Ltd. (the "Company"),
announced  today the final results of its previously announced (i) offer to
purchase for cash (the "2020 Notes Tender Offer") any and all of the Company's
outstanding 7.000% Senior Notes due 2020 (the "2020 Notes") and (ii) offer to
purchase for cash (the "2023 Notes Tender Offer" and, together with the 2020
Notes Tender Offer, the "Tender Offers") any and all of the Company's
outstanding 6.000% Notes due 2023 (the "2023 Notes" and, together with the
2020 Notes, the "Notes") and related consent solicitation (the "2023 Notes
Consent Solicitation") with respect to the 2023 Notes. The 2020 Notes Tender
Offer expired at 5:00 p.m., New York City time, on April 24, 2013 (the "2020
Notes Expiration Time"). The 2023 Notes Tender Offer and related 2023 Notes
Consent Solicitation expired at 5:00 p.m., New York City time, on April 24,
2013 (the "2023 Notes Expiration Time).

The Company has been advised that as of (i) the 2020 Notes Expiration Date,
U.S.$35,695,000 in aggregate principal amount of the 2020 Notes, or
approximately 30.1% of the 2020 Notes outstanding as of the launch of the 2020
Notes Tender Offer, had been validly tendered pursuant to the 2020 Notes
Tender Offer and (ii) the 2023 Notes Expiration Date, U.S.$597,595,000 in
aggregate principal amount of the 2023 Notes, or approximately 82.0% of the
2023 Notes outstanding as of the launch of the 2023 Notes Tender Offer and
related 2023 Consent Solicitation, had been validly tendered pursuant to the
2023 Notes Tender Offer and consents delivered pursuant to the related 2023
Notes Consent Solicitation.

The Tender Offers and the 2023 Notes Consent Solicitation were made pursuant
to the Offer to Purchase and Consent Solicitation Statement, dated April 16,
2013, and the related Letter of Transmittal and Consent (together, the "Offer
Documents").

Holders of 2020 Notes who have validly tendered their 2020 Notes at or prior
to the 2020 Notes Expiration Date are eligible to receive the 2020 Notes
consideration described in the Offer Documents, plus accrued and unpaid
interest up to, but not including, the settlement date for the 2020 Notes,
which is expected to occur on or about April 26, 2013 (the "2020 Notes
Settlement Date"). The Company intends to pay for all 2020 Notes validly
tendered and accepted for purchase pursuant to the 2020 Notes Tender Offer on
the 2020 Notes Settlement Date.

Holders of 2023 Notes who have validly tendered their 2023 Notes and delivered
their related consents to the proposed amendments at or prior to the 2023
Notes Expiration Date, are eligible to receive the 2023 Notes consideration
described in the Offer Documents, which includes a consent payment, plus
accrued and unpaid interest up to, but not including, the settlement date for
the 2023 Notes, which is expected to occur on or about April 26, 2013 (the
"2023 Notes Settlement Date"). The Company intends to pay for all 2023 Notes
validly tendered and accepted for purchase pursuant to the 2023 Notes Tender
Offer on the 2023 Notes Settlement Date. In addition, the Company intends to
execute a supplemental indenture (the "2023 Notes Supplemental Indenture") to
the indenture governing the 2023 Notes, which will eliminate substantially all
of the restrictive covenants, as well as various events of default and related
provisions contained in such indenture. Adoption of the proposed amendments to
the indenture governing the 2023 Notes requires consents of holders of a
majority in aggregate principal amount of the 2023 Notes outstanding
(excluding any 2023 Notes held by the Company or its affiliates). The Company
has obtained the requisite consents for the proposed amendments to the
indenture governing the 2023 Notes. Any 2023 Notes not tendered and purchased
pursuant to the 2023 Notes Tender Offer will remain outstanding and will be
governed by the terms of the indenture governing the 2023 Notes, as amended by
the 2023 Notes Supplemental Indenture.

The Company retained Banco BTG Pactual – Cayman Branch ("BTG Pactual"), Credit
Agricole Securities (USA) Inc. ("Credit Agricole"), Deutsche Bank Securities
Inc. ("Deutsche Bank"), Santander Investment Securities Inc. ("Santander") and
Scotia Capital (USA) Inc. ("Scotiabank") to act as Dealer Managers and
Solicitation Agents in connection with the Tender Offers and the 2023 Notes
Consent Solicitation. Questions regarding the Tender Offers and the 2023
Notes Consent Solicitation may be directed to BTG Pactual at +1 (212)293-4618
(collect), Credit Agricole at +1 (866) 807-6030 (toll free) or +44(0)20 7214
7440 (collect), Deutsche Bank at +1 (855) 287-1922 (toll free) or +1 (212)
250-7527 (collect), Santander at +1(212)407‑0995 (collect), or Scotiabank at
+1(212) 225-5501 (collect). Copies of the Offer Documents are available to
holders of Notes from D.F. King & Co., Inc., the information agent for the
Tender Offers and the 2023 Notes Consent Solicitation (the "Information
Agent"). Requests for copies of the Offer Documents should be directed to the
Information Agent at +1 (800) 488-8035 (toll free) or +1 (212) 269-5550
(collect).

Neither the Offer Documents nor any related documents have been filed with the
U.S. Securities and Exchange Commission, nor have any such documents been
filed with or reviewed by any federal or state securities commission or
regulatory authority of any country. No authority has passed upon the accuracy
or adequacy of the Offer Documents or any related documents, and it is
unlawful and may be a criminal offense to make any representation to the
contrary.

This announcement is not an offer to purchase, a solicitation of an offer to
purchase or a solicitation of consents.

About CNO

CNO is the largest engineering and construction company in Latin America as
measured by 2011 gross revenues. CNO engages in the construction of
large-scale infrastructure and other projects, including the construction of
highways, railways, power plants, bridges, tunnels, subways, buildings, port
facilities, dams, manufacturing and processing plants, as well as mining and
industrial facilities. CNO provides a variety of integrated engineering,
procurement and construction services to clients in a broad range of
industries, both within Brazil and internationally. CNO concentrates its
construction activities on infrastructure projects in Brazil and in several
international markets, principally in Latin America and Africa, which include
projects sponsored by the public and private-sectors, as well as
concession-based projects. CNO undertakes projects throughout Brazil, in other
Latin American countries (including mainly Venezuela, Peru, Argentina, Panama,
Colombia and the Dominican Republic), the United States, Portugal, the United
Arab Emirates and certain countries in Africa (mainly Angola).

SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS

This press release contains statements that are forward-looking within the
meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and
Section 21E of the U.S. Securities Exchange Act of 1934, as amended.
Forward-looking statements are only predictions and are not guarantees of
future performance. Investors are cautioned that any such forward-looking
statements are and will be, as the case may be, subject to many risks,
uncertainties and factors relating to CNO that may cause the actual results to
be materially different from any future results expressed or implied in such
forward-looking statements. Although CNO believes that the expectations and
assumptions reflected in the forward-looking statements are reasonable based
on information currently available to CNO's management, CNO cannot guarantee
future results or events. CNO expressly disclaims a duty to update any of the
forward-looking statements.

SOURCE Odebrecht Finance Ltd.

Contact: Rio de Janeiro RJ, Praia de Botafogo, 300 11 and., Botafogo,
22250-040 Rio de Janeiro RJ Brasil, Tel. (021) 2559 3000, Fax (021) 2559 4448,
Sao Paulo SP, Av. Nacoes Unidas, 4777 - 7 and., Alto de Pinheiros, 05477-000
Sao Paulo SP Brasil, Tel. (011) 3443 9000, Fax (011) 3443 9017, Brasília DF,
SAS Qd. 5 Bloco N, Edifício OAB - 9 and., 70070-000 Brasília DF Brasil, Tel.
(061) 316 2525, Fax (061) 316 2555, Salvador BA, Av. LUiz Viana, 2841,
Paralela, 41827-900 Salvador BA Brasil, Tel. (071) 206 1111, Fax (071) 230
0701, Recife PE, R. Antonio Lumack do Monte, 96 10. and., Boa Viagem,
51020-350 Recife PE Brasil, Tel (081) 3464 1200, Fax (081) 3327 1668