Arbitration Chamber - Market Arbitration Chamber established by the BOVESPA for resolution of disputes between companies and its investors.

BOVESPA - São Paulo Stock Exchange (Bolsa de Valores de São Paulo).

Brascan or Company - The Company (Brascan Residential Properties S.A.) and its subsidiaries, on a consolidated form BR GAAP Accounting practices adopted in Brazil, or Brazilian GAAP or Brazilian Corporation Law.

BR GAAP - Accounting practices adopted in Brazil, or Brazilian GAAP or Brazilian Corporation Law.

CBLC - The Brazilian Settlement and Custodial Company (Companhia Brasileira de Liquidação e Custódia).

CVM - The Brazilian Securities Commission (Comissão de Valores Mobiliários).

EBITDA. - EBITDA. According to CVM Circular Letter 01/2005, EBITDA may be defined as earnings before interest, taxes, depreciation, and amortization. EBITDA is not Brazilian or the U.S. GAAP measurement, does not represent cash flows for the periods presented and should not be considered alternatives to net income as an indicator of Brookfield Incorporações ’s operating performance or as an alternative to cash flows as an indicator of liquidity. EBITDA does not have a standardized meaning and Brookfield Incorporações’s definition of EBITDA may not be comparable to EBITDA as used by other companies.

Regulation S - Rule promulgated under the U.S. Securities Act of 1933, as amended, or the Securities Act, related to institutional and other investors outside the United States and Brazil that are not U.S. persons.

Rule 144A - Rule promulgated under the U.S. Securities Act of 1933, as amended, or the Securities Act, related to qualified institutional buyers of the United States.

SEC - Securities and Exchange Commission.

US GAAP - Accounting practices adopted in the USA.