Cyrela Brazil Realty S A Empreendimentos e Participações : Notice to shareholders - Dividend Payment

Announcement to Shareholders

CYRELA BRAZIL REALTY S/A EMPREENDIMENTOS E PARTICIPAÇÕES

Publicy-held Company

Corporate Taxpayers' ID (CNPJ/MF) 73.178.600/0001-18

Company Registry (NIRE) - 35.300.137.728

PAYMENT OF DIVIDENDS

CYRELA BRAZIL REALTY S/A EMPREENDIMENTOS E PARTICIPAÇÕES ("Company") hereby announces to its shareholders and the general market that, at a meeting held on December 10, 2020, 10:00 a.m., the Board of Directors declared, ad referendum the Annual Shareholders' Meeting, the payment of intermediary dividends by the Company, pursuant to article 24, item "XVIII" of the Company's bylaws, based on profit reserves, as verified in the financial statements as of December 31, 2019, in the total amount of R$ 600,000,000.00 (six hundred million reais), equivalent to R$ 1. 560452296 per common share issued by the Company excluding treasury shares, as follows:

1. People registered as shareholders of the Company on the basis date of December 15, 2020 shall be entitled to the declared dividends, including negotiations performed before or on such date.
2. The Company´ shares shall be negotiated ex-dividend as of December 16, 2020 (including).
3. Treasury shares will not be entitled to any amount as dividends, pursuant to paragraph 4 of article 30 of the Lei das S.A. and article 16 of CVM Instruction no. 10, 1980.
4. The dividends shall be paid in Brazil in national currency, in a single installment, in December 29, 2020.

Announcement to Shareholders

1. There shall not be monetary adjustment and interest accrual from the date of declared dividends to the date of actual payment.
2. On the date the dividend is paid, the Company shall credit the dividend due to each shareholder in accordance with the bank details provided to Banco Bradesco S.A., which is the institution responsible for keeping books of the Company´ shares, according to the numbers of common shares of each shareholder on the basis date of December 15, 2020.
3. Shareholders whose register does not contain neither the CPF [Brazilian Individuals Register]/CNPJ numbers nor the indication "Bank/Branch/Bank Account" shall only receive their dividends from the third business day after such register is updated in the electronic files of the Banco Bradesco S.A.
4. Shareholders whose shares are kept by institutions providing securities custody services shall receive their dividends in accordance with procedures adopted by such institutions.
5. Receivable dividends shall be exempted from Income Tax pursuant to article
6. of Law n. º 9.249 of 1995.

São Paulo, December 10, 2020.

Miguel Maia Mickelberg

Investor Relations Officer