BRMALLS Discloses Preliminary 1Q09 Tenant Sales and Rent Performance

RIO DE JANEIRO, April 20 /PRNewswire-FirstCall/ -- BRMALLS Participacoes
S.A. (Bovespa: BRML3), the largest shopping mall company in Brazil, announced
Friday its preliminary tenant sales and rent results for the first quarter of
2009 (1Q09).
Same store rent (SSR) growth continued to capture last year's IGP-M
inflationary index, resulting in a minimum rent increase of 12.3% in 1Q09,
versus 8.3% in 1Q08.
Consolidated sales volume totaled R$ 2.2 billion in 1Q09, a 14.5%
year-over-year increase.
Same store sales (SSS) for satellite stores, representing approximately
85% of total rent revenue, increased 9.2% in the quarter. Consolidated SSS in
our malls increased by 3.5%, mainly due to the reduction in anchor store sales
in comparison to 1Q08. In 1Q09, anchor store sales were affected by the fact
that Easter fell in April this year and in March last year. The anchor stores
which were meaningfully impacted by this issue posted below-average
performance in regard to the other anchor stores in March. Excluding these
anchors, which accounted for 5.5% of total SSS in March, consolidated SSS
would have increased by 4.5% in 1Q09.
BRMALLS is the largest integrated shopping mall company in Brazil, with a
portfolio of 34 malls, comprising 984 thousand m2 of gross leasable area (GLA)
and 429 thousand m2 of owned GLA. BRMALLS is the only shopping mall company in
Brazil with a nationwide presence and targeting all income segments.
For further information please contact the investor relations team or
access BRMALLS' website at www.brmalls.com.br/ri.
Investor Relations
Leandro Bousquet
CFO and IRO
Phone: +55 (21) 3138-9900
Fax: +55 (21) 3138-9901

SOURCE BRMALLS Participacoes S.A.

Leandro Bousquet, CFO and IRO, BRMALLS, +011-55-21-3138-9900, fax,
+011-55-21-3138-9901