Gafisa S.A. Announces the Filing of Its Annual Report on Form 20-F for the Fiscal Year 2012

  Gafisa S.A. Announces the Filing of Its Annual Report on Form 20-F for the
  Fiscal Year 2012

Business Wire

SÃO PAULO -- May 23, 2013

Gafisa S.A. (Bovespa: GFSA3; NYSE: GFA) (“Gafisa” or the “Company”) hereby
announces that on April 12, 2013, Gafisa filed its annual report on Form 20-F
for the fiscal year ended December 31, 2012 (the “2012 Annual Report”) with
the Securities and Exchange Commission (the “SEC”).

The 2012 Annual Report can be accessed by visiting either the SEC’s website at
www.sec.gov or the Investors Section of the Company’s website at
www.gafisa.com.br/ir. In addition, shareholders may receive a hard copy of the
Company’s complete audited financial statements free of charge, by requesting
a copy from investor relations.

About Gafisa

Gafisa is a leading diversified national homebuilder serving all demographic
segments of the Brazilian market. Established over 57 years ago, we have
completed and sold more than 1,000 developments and built more than 12 million
square meters of housing only under Gafisa’s brand, more than any other
residential development company in Brazil. Recognized as one of the foremost
professionally managed homebuilders, "Gafisa" is also one of the most
respected and best-known brands in the real estate market, recognized among
potential homebuyers, borrowers, lenders, landowners, competitors, and
investors for its quality, consistency, and professionalism. Our pre-eminent
brands include Tenda, serving the affordable/entry level housing segment, and
Gafisa and Alphaville, which offer a variety of residential options to the mid
to higher-income segments. Gafisa S.A. is traded on the Novo Mercado of the
BM&FBOVESPA (BOVESPA:GFSA3) and on the New York Stock Exchange (NYSE:GFA).

Contact:

Investor Relations:
Gafisa S.A.
Luciana Doria Wilson
Phone: +55 11 3025-9297 / 9242 / 9305
Fax: +55 11 3025-9348
Email: ri@gafisa.com.br
Website: www.gafisa.com.br/ir