Change of Relevant Stockholding

São Paulo, November 14, 2012.

LPS Brasil - Consultoria de Imóveis S.A.("Lopes" or "Company") (BM&FBovespa: LPSB3), the provider of integrated real estate brokerage, consulting and financing services in Brazil, pursuant to Article 12 of CVM Instruction 358/2002, as amended, hereby informs that, due to disposal of shares acquired under the stock option program, Francisco Lopes Neto, CPF 033846848-00, no longer holds a significant share pursuant to CVM Instruction 358/2002, and now holds 2,777,903 common shares, or 4.9% of the capital of Lopes.

The Company's Investor Relations Department is at shareholders' disposal to clarify any matters relating to the purpose of this Notice through telephone number +55 11 3067-0218 or email ri@lopes.com.br.

Regards,

Marcello Rodrigues Leone

CFO and IRO

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