GAFISA S.A.

CNPJ/MF n° 01.545.826/0001-07

NIRE 35.300.147.952

Publicly-held Company

NOTICE TO THE MARKET

São Paulo, SP, Brazil, June 28, 2019 - GAFISA S.A. (B3: GFSA3; OTC: GFSAY) ("Gafisa" or "Company"), makes available to the market the following notice received on this date:

"PLANNER CORRETORA DE VALORES S.A., with headquarters in the city and

state of São Paulo, in Avenida Brigadeiro Faria Lima, No. 3900, 10 floor, Itaim Bibi, and

enrolled with the Brazilian Corporate Taxpayer's Registry ("CNPJ/ME") under No.

00.806.535/0001-54, jointly with PLANNER REDWOOD ASSET MANAGEMENT

ADMINISTRAÇÃO DE RECURSOS LTDA., with headquarters in the city and state of São Paulo, in Avenida Brigadeiro Faria Lima, No. 3900, 10 floor, Itaim Bibi, and enrolled with the Brazilian Corporate Taxpayer's Registry under No. 10.405.423/0001- 45 (hereinafter jointly referred as Planner Corretora de Valores S.A. as "Investment Manager"), pursuant to the provisions of article 12 of CVM Instruction 358, of January 3, 2002, hereby informs that:

  1. On June 24, 2019, the Investment Manager, through investment funds managed by it, as a result of the subscription in the Capital Increase, came to hold a total of 19,521,483 (nineteen million, five hundred twenty-one thousand, four hundred eighty- three) common shares issued by Gafisa S.A., which accounts for 27.48% of the

Company's common shares.

  1. The Investment Manager, as well as the investment funds managed by it, or persons related thereto, (b.1) do not have any other shares or securities convertible into shares issued by the Company in addition to the amount stated above; and (b.2) are not party to any agreement or contract regulating the exercise of voting rights or the purchase and sale of securities issued by the Company;
  1. The Investment Manager, through investment funds managed by it does not have, in this moment, the purpose of attaining any particular shareholding.".

GAFISA S.A.

Roberto Luz Portella

Chief Executive, Financial and Investor Relations Officer

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Gafisa SA published this content on 28 June 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 June 2019 20:52:11 UTC