Notice to the Market – Acquisition of Material Shareholding Interest

Acquisition of Material Shareholding Interest

São Paulo, July 11, 2011 – Rossi Residencial S.A. (BM&FBovespa: RSID3; OTC: RSRZY), one of Brazil’s leading real estate developers and builders, received from its shareholder BlackRock, Inc., the following notice:

1. BlackRock, Inc. (“BlackRock”), hereby, on behalf of its clients, in the capacity of investment manager, informs that it has acquired common shares issued by Rossi Residencial S.A. (“Rossi”), and, on July 7, 2011, its consolidated interest reached 14,246,832 common shares and 1,200 American Depositary Receipts (“ADRs”) equivalent to 600 common shares, representing approximately 5.31% of the common shares issued by Rossi.

2. Pursuant to Article 12 of CVM Instruction 358, of January 3, 2002, and amendments, BlackRock, through this notice, requests Rossi’s Investor Relations Officer to submit the following information to the CVM and other agencies:

(i) BlackRock is headquartered on 40 East 52nd Street, New York, New York 10022-5911, United States of America;

(ii) BlackRock holding, on a consolidated basis, reached 14,246,832 common shares and 1,200 ADRs, issued by Rossi, as mentioned on item 1 above;

(iii) the purpose of this equity interest is strictly for investment purposes and it does neither intend to change the controlling interest nor Rossi’s administrative;

(iv) BlackRock does not own any convertible debentures issued by Rossi; and

(v) BlackRock had not entered into any agreement or contract governing voting rights or the right to purchase and sell the Company’s securities.

3. We remain available for any further clarifications or additional comments related to this matter.

Sincerely,

BlackRock, Inc.
P. Eduardo Lima

Cássio Elias Audi
CFO and Investor Relations Officer
Rossi Residencial S.A.

Investor Relations
Adriana Godinho
IR Manager
Phone (55 11) 4058-2685
ri@rossiresidencial.com.br

UPDATE: JULY 11, 2011