CAMARGO CORRÊA DESENVOLVIMENTO IMOBILIÁRIO S.A.
Publicly-held Company
Corporate Taxpayer's ID (CNPJ): 67.203.208/0001-89
Company Registry: 35 300 194 4111

MATERIAL FACT


Camargo Corrêa Desenvolvimento Imobiliário S.A. ("Company"), pursuant to article 157, paragraph 4 of Law 6404 of December 15, 1976, CVM Instruction 358 of January 3, 2002, and CVM Instruction 361 of March, 2002 ("CVM Instruction 361"), hereby informs its shareholders and the market in general that, on this date, its controlling shareholder, Camargo Corrêa S.A. ("Offeror"), announced the successful conclusion of the auction for the public tender offer ("Tender Offer") for the acquisition of its common shares held today, October 2, 2012 ("Auction"), for the purpose of canceling its registration as a publicly-held company in accordance with the Tender Offer notice of August 30, 2012 ("Tender Offer Notice").

The Tender Offer was successful in that it received the adhesion of a sufficient number of shareholders to satisfy article 16, item II of CVM Instruction 361. As a result, the Company's registration as a publicly-held company with the CVM should be canceled, pursuant to the terms and conditions of CVM Instruction 480 of December 2009, as amended.
As a consequence of the Auction, the Offeror acquired thirty-four million, four hundred and ninety thousand and seventy-two (34,490,072) common shares issued by the Company, representing thirty point five two percent (30.52%) of its capital stock and now holds one hundred and nine million, four hundred and three thousand, five hundred and seventy-nine (109,403,579) common shares, representing ninety-six point eight two percent (96.82%) of its capital stock. The shares were acquired at the price of R$5.52 per share ("Tender Offer Price"), totaling one hundred and ninety million, three hundred and eighty-five thousand, one hundred and ninety-seven reais and forty-four centavos (R$190,385,197.44). The Tender Offer will be settled on October 5, 2012, pursuant to the terms of the Tender Offer Notice ("Tender Offer Settlement Date").

Since less than 5% of the total number of Company shares are still outstanding, the Company will call a Shareholders' Meeting to resolve on the redemption of the remaining shares at the Tender Offer Price, adjusted by the accumulated SELIC benchmark interest rate, pro rata temporis, between the Tender Offer Settlement Date and the effective payment date of the redemption price, which should occur within fifteen (15) days as from the date of the Shareholders' Meeting in which said approval is obtained.

Finally, pursuant to paragraph 2 of article 10 of CVM Instruction 361, for a period of three (3) months as of the date of the Auction, shareholders wishing to sell their Company shares may present their request to do so to Banco Barclays S.A., the institution handling the Tender Offer. The acquisition of these shares by the Offeror will be at the Tender Offer Price, adjusted by the accumulated SELIC benchmark interest rate between the Tender Offer Settlement Date and the effective payment date, which should occur within fifteen (15) days as from the shareholder's request, pursuant to the Tender Offer Notice.


São Paulo, October 2, 2012

Ian Monteiro de Andrade
Investor Relations Officer

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