Gafisa : Material Fact - São Conrado Fashion Mall & Jardim Guadalupe Shopping

GAFISA S.A.

CNPJ/MF nº 01.545.826/0001-07

NIRE 35.300.147.952

Publicly-held Company

MATERIAL FACT

São Conrado Fashion Mall & Jardim Guadalupe Shopping

GAFISA S.A. (B3: GFSA3; OTC: GFASY) ("Gafisa" or "Company"), in compliance with CVM Instruction No. 358/2002, as amended, complementing the Material Fact already disclosed, informs its shareholders and the market in general that, another step for the acquisition of São Conrado Fashion Mall and to increase its stake in the acquisition of Shopping Jardim Guadalupe, both located in the city of Rio de Janeiro, having secured a transaction with the minority shareholder from the SPVs that hold such assets.

With this transaction, Gafisa will acquire 10% held by Belvedere Proton XYZ in Shopping Jardim Guadalupe - retaining a 5% stake - and has executed an agreement for the acquisition of 3.2% of the same minority shareholder in São Conrado Fashion Mall. The full amount of this additional step amounted to R$ 6,193,971.81.

According to the terms of the Transaction, the parties have also executed a memorandum of understandings seeking the creation of a new structure for the management of shopping centers, with the direct collaboration of Mr. Paulo Stewart for the operational activities of the acquired assets.

Gafisa Propriedades thus reinforces its stake for the acquisition of Fashion Mall, and further reinforces the conditions for a professional and efficient management of its enterprises in the industry of shopping malls.

São Paulo, January 20, 2021.

Ian Andrade

Chief Financial and Investor Relations Officer