Operating Performance of 9M10 surpasses entire year of Trisul s Contracted Sales reach R$639 million and Launchings total R$634 million

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1 Operating Performance of 9M10 surpasses entire year of 2009 Trisul s Contracted Sales reach R$639 million and Launchings total R$634 million São Paulo, October 18 th, TRISUL S.A. (BM&FBovespa: TRIS3; Bloomberg: TRIS3 BZ; Reuters: TRIS3.SA), one of the largest real estate developers and builders in the São Paulo metropolitan area focusing on residential projects in the low-income segment, announces its preliminary results for the third quarter of 2010 (3Q10). The results presented herein are management results and are subject to external audit. Year-to-date launches corresponding entirely to Trisul totaled R$634 million, 78% growth over 9M09. Within the first nine months of 2010, the Company surpassed the launch volume of 2009 (R$614 million); Launches in 3Q10 (% Trisul) reached R$196 million. Five projects comprising 1,428 units were launched in the quarter, of which four are located in the São Paulo countryside and consist of Trisul lar products (MCMV housing program); Launches under the Minha Casa, Minha Vida (MCMV) Housing Program accounted for 56% of the launches in 3Q10 in Trisul PSV; In terms of housing units, this quarter s sales speed reached 39%, and sales over supply (VSO) came to 24,3%; Total contracted sales came to R$170 million in 3Q10 and R$639.5 million in 9M10, corresponding to 58% growth over 9M09; Of the 1,005 units sold in the quarter, 44% corresponding to units in inventory and 56% to launches in 3Q10; Trisul ended the third quarter of 2010 with 3,136 units in inventory. Year-to-date Trisul sold the same volume that it launched: launched R$634 million and sold R$639 million. Operating Data (in R$ million) 3Q10 3Q09 Var. % 3Q10 2Q10 Var. % 9M10 9M09 Var. % Developments Launched Total PSV 224, ,680 8% 224, ,136-29% 865, , % Trisul's PSV 195, ,754 8% 195, ,918-10% 634, ,901 78% % of Trisul's Participation 87% 87% 0 p.p. 87% 69% 18 p.p. 73% 84% -11 p.p. Number of Developments % % % Units launched 1,428 1,580-10% 1,428 1,249 14% 3,966 2,852 39% R$ thousand/unit launched 157, ,076 19% 157, ,510-37% 218, ,784 47% Contracted Sales Total Contracted Sales 190, ,167-4% 190, ,798-43% 843, ,760 57% Trisul's Contracted Sales 170, ,982 4% 170, ,152-28% 639, ,695 58% % of Trisul's Participation 89% 82% 7 p.p. 89% 70% 19 p.p. 76% 75% 1 p.p. Units sold 1,005 1,216-17% 1,005 1,371-27% 3,848 3,034 27% R$ thousand/unit sold 189, ,789 16% 189, ,929-23% 219, ,915 24% Page 1 of 5

2 LAUNCHES Total PSV launched came to R$225 million in 3Q10, with Trisul s share being R$196 million. In the quarter, 1,428 units were launched distributed over 5 projects, of which 4 were located in the São Paulo countryside and fall under the government s Minha Casa, Minha Vida Housing Program. In the quarter, 1,428 units were launched, 78% of which were lower-income units that fall under the government MCMV Housing Program and consist of Trisul lar products Launchings Launchings City Region Launching Segment (1) Total PSV Trisul's Average Units % Trisul Date R$MM PSV R$MM Price/Unit 1 Alpha Style Barueri Greater of SP 30/1/2010 Middle % ,308 2 Massimo Jundiaí Countryside of SP 6/3/2010 Middle % ,259 3 Reserva do Golfe São Paulo Countryside of SP 11/3/2010 Middle % ,738 4 Solle Santa Paula São Caetano do Sul Greater of SP 13/3/2010 Middle % ,286 5 Vida Plena Ribeirão I - Fase II (Torre 3) Ribeirão Preto Countryside of SP 27/3/2010 Trisul life % ,379 6 Parque do Jatobá Limeira Countryside of SP 27/3/2010 Trisul lar % ,110 1Q10 Total launchings 1, ,561 1 Joy Residence Federal District Federal District 8/4/2010 Middle % ,272 2 Free Residencial Federal District Federal District 8/4/2010 Trisul life % ,000 3 L Itaim São Paulo SP Capital 10/4/2010 High 40 50% ,475,000 4 Vida Plena Cotia - Fase I Cotia Countryside of SP 15/5/2010 Trisul lar % ,149 5 Vitrine Esplanada - Fase I Sorocaba Countryside of SP 22/5/2010 Trisul life % ,495 6 Stellato Santa Paula São Caetano do Sul Greater of SP 22/5/2010 Middle % ,000 7 Vida Plena Ribeirão I - Fase III (Torres 1 e 2) Ribeirão Preto Countryside of SP 12/6/2010 Trisul life % ,879 8 Varanda Tremembé São Paulo SP Capital 18/6/2010 Middle % ,292 2Q10 Total launchings 1, ,510 1 Ideia Araçatuba Countryside of SP 3/7/2010 Trisul lar % ,564 2 Supera Fase II Guarulhos Greater of SP 14/8/2010 Middle % ,521 3 Vida Plena Campolim Sorocaba Countryside of SP 14/8/2010 Trisul lar % ,600 4 Vida Plena Cotia - Fase II Cotia Countryside of SP 11/9/2010 Trisul lar % ,151 5 Viva Bem Ribeirão Ribeirão Preto Countryside of SP 18/9/2010 Trisul lar % ,503 3Q10 Total launchings 1, ,288 9M10 Total launchings 3, ,251 (1) Trisul lar Low-income product which fits the government housing program Minha Casa, Minha Vida : ** Average Price/Unit from R$70 thousand to R$ 130 thousand. Trisul life Low-Income product: Average Price/Unit from R$131 thousand to R$ 200 thousand. Upper-Middle Income segment: Average Price/Unit above R$201 thousand. Trisul's PSV Launched (in million R$) Launches accumulated in 9M10 reaches volume launched in Q09 2Q09 3Q09 4Q Q10 2Q10 3Q10 9M10 Page 2 of 5

3 SALES SPEED Sales speed of launches stood at 33% in 3Q10 - accumulated to September 30, 2010, at 87% for launches in 1H10 and at 79% for projects launched in 2Q10. The 3Q10 highlight was Vida Plena Campolim, with sales speeds of 90%. Sales speed year-to-date stood at 67% as shown in the table below: Sales Speed - 9M10 Launchings Region Launching % Total PSV Trisul's PSV Segment Units Sales Speed Date Trisul R$MM R$MM 1 Alpha Style Greater of SP 30/1/2010 Middle % % 2 Massimo Countryside of SP 6/3/2010 Middle % % 3 Reserva do Golfe Countryside of SP 11/3/2010 Middle % % 4 Solle Santa Paula Greater of SP 13/3/2010 Middle % % 5 Vida Plena Ribeirão I - Fase II (Torre 3) Countryside of SP 27/3/2010 Trisul life % % 6 Parque do Jatobá Countryside of SP 27/3/2010 Trisul lar % % 1Q10 Total launchings 1, % 1 Joy Residence Federal District 8/4/2010 Middle % % 2 Free Residencial Federal District 8/4/2010 Trisul life % % 3 L Itaim SP Capital 10/4/2010 High 40 50% % 4 Vida Plena Cotia - Fase I Countryside of SP 15/5/2010 Trisul lar % % 5 Vitrine Esplanada - Fase I Countryside of SP 22/5/2010 Trisul life % % 6 Stellato Santa Paula Greater of SP 22/5/2010 Middle % % 7 Vida Plena Ribeirão I - Fase III (Torres 1 e Countryside of SP 12/6/2010 Trisul life % % 8 Varanda Tremembé SP Capital 18/6/2010 Middle % % 2Q10 Total launchings 1, % 1 Ideia Countryside of SP 3/7/2010 Trisul lar % % 2 Supera Fase II Greater of SP 14/8/2010 Middle % % 3 Vida Plena Campolim Countryside of SP 14/8/2010 Trisul lar % % 4 Vida Plena Cotia - Fase II Countryside of SP 11/9/2010 Trisul lar % % 5 Viva Bem Ribeirão Countryside of SP 18/9/2010 Trisul lar % % 3Q10 Total launchings 1, % 9M10 Total launchings 3, % SALES OVER SUPPLY (VSO) In 3Q10, Trisul s VSO in units was 24.3%, as per the following table: Trisul's PSV Total PSV VSO (Sales over Supply) Units in R$ thousand in R$ thousand Inventory of units as of 06/30/2010 2, , ,794 (+) Launchings in 3Q10 1, , ,607 Total units for sale in 3Q10 (a) 4, , ,401 (-) Units sold in 3Q10 (b) 1, , ,441 Total units for sale as of 09/30/2010 3, , ,960 VSO in 3Q10 (b)/(a) 24.3% 24.0% 21.2% Page 3 of 5

4 CONTRACTED SALES Trisul's Contracted Sales (in million R$) Contracted sales totaled R$190 million in 3Q10, with Trisul s share being R$170 million. Total contracted sales in 9M10 came to R$843 million, while Trisul s contracted sales totaled R$639.5 million, 58% up on 9M09. Contracted sales are already net of commissions and cancellations Q09 3Q10 9M09 9M10 Trisul's Contracted Sales (in million R$) Of the R$170 million sold in 3Q10, R$66.3 million, or 39%, relate to sales of launches in the same quarter and R$103.8 million, or 61%, were inventory sales. Total sales (% Trisul) in 9M10 amounted to R$639 million, practically the entire amount sold in all of Q09 2Q09 3Q09 4Q Q10 2Q10 3Q10 9M10 Page 4 of 5

5 ABOUT TRISUL Trisul S.A. (BM&FBovespa: TRIS3; Bloomberg: TRIS3 BZ; Reuters: TRIS3.SA) is one of the largest real estate developers and builders in the São Paulo metropolitan area focusing on residential projects in the lowincome segment. Throughout its history, the Company has launched more than 27,000 units, distributed over 180 projects. According to the Top Real Estate held in June 2010, Trisul established itself as the 6th largest construction company and the 8th largest developer in the São Paulo metropolitan area in 2009 (source: Embraesp). INVESTOR RELATIONS Marco Antonio Mattar CFO and IRO Priscilla Castro IR Manager Rodrigo de Barros IR Analyst Phone: + 55 (11) Website: All statements herein related to business prospects, future estimates of operating and financial results, and Trisul s growth prospects are merely estimates and, as such, are based solely on the expectations of the executive board regarding the company s business future. These expectations largely depend on changes in market conditions and the performance of the Brazilian economy, the sector, and the international market and are, therefore, subject to changes without prior notice. This performance report includes accounting data and non-accounting data such as operating and financial results and projections based on the expectations of Board of Directors. The nonaccounting data was not reviewed by the Company s independent auditors. Page 5 of 5

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