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        GS Residential Properties (GRP) News:
         
        2008-05-02
        GS Residential Properties and ABA Real State
         
        Acquisition of ABA Real State

        Dear Shareholders,


        The GS Residential Properties acquired 100% of the assets and properties of the ABA Real State for L $ 102,000.

        The ABA Real State has a land bank of 30,000 SQM divided into plots of 512 and 1024sqm.

        With this acquisition the GS Residential Properties consolidates its main activities in the marketing of land.

        Further information on our home page or by Suzane Mills in our Press office and attending the Investor.

        Sincerely,

        Sabbas Mills
        CEO

         
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