аЯрЁБс>ўџ 24ўџџџ1џџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџьЅСIПУbjbjВГВГ2(айайБџџџџџџ]6666666JJJJ8‚ Ž<JмRєєєєєЯЯЯЁЃЃЃЃЃЃ$.є"FЧ6ЯЯЯЯЯЧ]66єєлж]]]Я”6є6єЁJJ6666ЯЁ]]c VU@66ЁєЪ Ре#ЂЧJJcњ• GAFISA S.A. CNPJ/MF n( 01.545.826/0001-07 NIRE 35.300.147.952 PUBLICLY-HELD COMPANY SPECIAL SHAREHOLDERS’ MEETING CALL NOTICE The Shareholders of GAFISA S.A. (the “Company”) are hereby invited to gather on December 20, 2006, at 10:00 a.m., at a first call, at the Company’s seat, in the city of Sуo Paulo, State of Sуo Paulo, at Avenida das Naчѕes Unidas, 4.777, 9А andar, at a Special Shareholders' Meeting to resolve on the following AGENDA: To review, discuss and resolve on the Protocol and Justification for Merger, into the Company, of Catalufa Participaчѕes Ltda., a limited company with seat in the city of Sуo Paulo, State of Sуo Paulo, at Rua Dr. Renato Paes de Barros, 778, 5К andar, sala 34, Itaim Bibi, enrolled with the CNPJ/MF under no. 08.205.046/0001-59 and with articles of association filed with the Board of Trade of the State of Sуo Paulo under NIRE 35.220.631.921 (“Catalufa”), which company holds direct participation in the capital stock of ALPHAVILLE URBANISMO S.A., a share company with seat in the city of Barueri, State of Sуo Paulo, at Avenida Cauaxi, 293, 2nd floor, Centro Comercial Alphaville, enrolled with the CNPJ/MF under no. 00.446.918/0001-69, pursuant to the “Investment Agreement and Other Covenants” executed among the Company and Alphaville Participaчѕes S.A., Renato de Albuquerque e Nuno Luэs de Carvalho Lopes on 10.02.2006, and signed by the Company’s administration on December 4, 2006 (“Protocol and Justification”); To ratify the hiring of PriceWaterhouseCoopers Auditores Independentes, in charge of preparing an appraisal report on the accounting value of Catalufa shareholders’ equity to be merged into the Company; To review, discuss and resolve on the appraisal report of Catalufa shareholders’ equity, for the purposes of article 226 and pursuant to the provisions of article 8, both of Law no. 6.404/76, prepared by company PriceWaterhouseCoopers Auditores Independentes; To resolve on the merger of Catalufa, and consequent increase in the Company’s capital stock upon contribution of Catalufa’s shareholders’ equity and issuance of 6.358.616 common shares to be attributed to Catalufa’s shareholders, at the ratio established in the Protocol and Justification, and subsequent amendment to the forepart of article 5 of the Company’s Bylaws; To resolve on cancellation of the common shares issued in the Company and kept in Treasury, without reduction in the capital stock; To resolve on a new amendment to the forepart of article 5 of the Company’s Bylaws to reflect the merger of Catalufa shareholders’ equity into the Company, cancellation of the shares referred to in subparagraph (v) above, apart from the capital stock increases, upon issuance of new shares, all approved by the Board of Directors within the limit of the authorized capital stock, by the date of the General Shareholders’ Meeting; To resolve on an increase of the limit of the Company’s authorized capital stock to up to 200.000.000 common shares irrespective of any change in the Bylaws, and consequent amendment to article 6 of the Company’s Bylaws; and To authorize the Company’s administrators to take all actions required for implementation of the matters provided for in the preceding subsections. General Information: The following is available to the Company’s shareholders, at the Company’s seat and on the Securities and Exchange Commission website, through the IPE system, (i) proposal for a new language for articles 5 and 6 of the Company’s Bylaws, (ii) the Protocol and Justification of Catalufa’s merger into the Company; (iii) Catalufa’s appraisal report prepared by company PriceWaterhouseCoopers Auditores Independentes; (iv) the Company’s and Catalufa’s audited financial statements; and (iv) a document prepared by Singular Assessoria Financeira Ltda. (fairness opinion). Shareholders participating in the Registered Share Deposit with the Sуo Paulo Stock Exchange (“Custѓdia Fungэvel de Aчѕes Nominativas da Bolsa de Valores de Sуo Paulo – BOVESPA”) and willing to attend this meeting shall submit a statement of their respective equity holding, issued by the appropriate authority, up to forty-eight (48) hours prior to the meeting. Sуo Paulo, December 4, 2006 Fersen Lamas Lambranho Chairman of the Board of Directors      >ЅЌНy@BАиœ Ж г 5 [ Š - 6 ЄИЙYZЇЉђѕ'WнэO–— БВДЕЗИКЛТУљєьєцоцлзлглЯлзлЫлЫлЫлУцєУєУєУєНєЗєЗєЗєВВВВє jU 6CJmH  B*CJmH 56CJmH B*mH 6mH H*mH >*mH mH 5>*CJmH  5CJmH  jА№CJmH CJmH  5CJmH 0 *>UsНЛ јѕѕючрз‰M & Fd№ЄxЄxEЦ€,ЌF()$1$ЄxЄx$ЄxЄ№$Є№Єx$Є№Є№$$ЄxЄx *>UsНЛ ‡ ‹ §  /ЄЙ№[wŽБГДЖЗЙКМНОСТУ§јёъумеЮЧФНЛЛЛЛЛЛЛЛЛЛЛ   Ъ§џџ                       !Л ‡ ‹ БcM & Fd№ЄxЄxEЦ€,ЌF()M & Fd№ЄxЄxEЦ€,ЌF()‹ §  БcM & Fd№ЄxЄxEЦ€,ЌF()M & Fd№ЄxЄxEЦ€,ЌF() /БcM & Fd№ЄxЄxEЦ€,ЌF()M & Fd№ЄxЄxEЦ€,ЌF()ЄЙ№БЈ\L$ & FЄxЄxEЦ€,ЌF()$$ЄxЄxM & Fd№ЄxЄxEЦ€,ЌF()№[wŽБГДЖЗЙКМНОПРСТЊЃž›™™™™™™™™–™“™™$$$$ЄX$Є№Є№U$ & F„„фўЄxЄx Ц EЦ€,ЌF-ТУќ$0&P 1Аƒ. АШA!А"А# $ %ААSАS а [0@ёџ0 Normal_HmHsHtH88 Tэtulo 1$$@&a$5CJ6A@ђџЁ6 Fonte parсg. padrуo2@ђ2 Cabeчalho  ЦC†"@B@@ Corpo de texto$d˜ўa$CJ, @, Rodapщ  ЦC†"*>@"* Tэtulo$a$5NQ2N Corpo de texto 3 $Єxa$CJOJQJaJDўBD Texto de balуoCJOJQJ^JaJУ(џџџџ У Л ‹  №ТУ У џџUnknownefa№8№@ёџџџ€€€ї№’№№0№( № №№B №S №ПЫџ ?№QZ[qr{OWX`ББГГДДЖЗЙКМНСФ   %%4CEF@HушщщSS[[>DMO ЂАББГГДДЖЗЙКМНСФџџ efa‚\\w2k-arq1-sp\work\GALERA\GAFISA\Acordo de Investimento\Incorporaчуo\Versуo p Publicaчуo\AGE 52 - edital 1a convocacao english.docefa„\\w2k-arq1-sp\work\GALERA\GAFISA\Acordo de Investimento\Incorporaчуo\Versуo p Publicaчуo\AGE_Gafisa_edital 1a convocacao_english.docefajC:\DOCUME~1\efa\CONFIG~1\Temp\Salvamento de AutoRecuperaчуo de AGE_Gafisa_edital 1a convocacao_english.asdefajC:\DOCUME~1\efa\CONFIG~1\Temp\Salvamento de AutoRecuperaчуo de AGE_Gafisa_edital 1a convocacao_english.asdefa„\\w2k-arq1-sp\work\GALERA\GAFISA\Acordo de Investimento\Incorporaчуo\Versуo p Publicaчуo\AGE_Gafisa_edital 1a convocacao_english.docefa„\\w2k-arq1-sp\work\GALERA\GAFISA\Acordo de Investimento\Incorporaчуo\Versуo p Publicaчуo\AGE_Gafisa_edital 1a convocacao_english.docФKN 0Ъџџџџџџџџџ%sJВвжџџџџџџџџџ‘dsrmtрџџџџџџџџџ$„h„˜ўЦh^„h`„˜ў5CJOJQJ^JaJo(‡hˆH4..џ„h„˜ўЦh^„h`„˜ў5o(‡hˆH„а„0§Ца^„а`„0§5o(‡hˆH.. „а„0§Ца^„а`„0§o(‡hˆH... „8„ШћЦ8^„8`„Шћo(‡hˆH .... „8„ШћЦ8^„8`„Шћo(‡hˆH ..... „ „`њЦ ^„ `„`њo(‡hˆH ......  „ „`њЦ ^„ `„`њo(‡hˆH.......  „„јјЦ^„`„јјo(‡hˆH........„8„0§Ц8^„8`„0§5o(() „ „˜ўЦ ^„ `„˜ў‡hˆH.‚ „p„LџЦp^„p`„Lџ‡hˆH.€ „@ „˜ўЦ@ ^„@ `„˜ў‡hˆH.€ „„˜ўЦ^„`„˜ў‡hˆH.‚ „р„LџЦр^„р`„Lџ‡hˆH.€ „А„˜ўЦА^„А`„˜ў‡hˆH.€ „€„˜ўЦ€^„€`„˜ў‡hˆH.‚ „P„LџЦP^„P`„Lџ‡hˆH.„8„0§Ц8^„8`„0§o(()„ „˜ўЦ ^„ `„˜ўOJPJQJ^Jo(-‚„p„LџЦp^„p`„Lџ.€„@ „˜ўЦ@ ^„@ `„˜ў.€„„˜ўЦ^„`„˜ў.‚„р„LџЦр^„р`„Lџ.€„А„˜ўЦА^„А`„˜ў.€„€„˜ўЦ€^„€`„˜ў.‚„P„LџЦP^„P`„Lџ.‘ds%sJФKџџџџџџџџџџџџџџџ@€{ŽУ@@G‡z€џTimes New Roman5€Symbol3& ‡z€џArialeFrutiger LightTimes New Roman5& ‡za€џTahoma"1ˆˆ№ФЉ,ЌF,ЌFjУ ~8!№ ДД0dцЖ џџGAFISA SCWMefaўџр…ŸђљOhЋ‘+'Гй0d˜ЌИФамь ј  , 8DLT\ф GAFISA S AFICWMWMWMNormalSefa2aMicrosoft Word 8.0@@dзЂЧ@dзЂЧjУ ўџеЭеœ.“—+,љЎDеЭеœ.“—+,љЎ4№ hp|„Œ” œЄЌД М бфBMAцГ   GAFISA S Tэtulo˜ 6> _PID_GUIDфAN{9A965B2C-42D4-446E-BEA3-BB7CB5F58A53} ўџџџ ўџџџ"#$%&'(ўџџџ*+,-./0ўџџџ§џџџ3ўџџџўџџџўџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџRoot Entryџџџџџџџџ РFZ# œЧш#ЂЧ5€1TableџџџџџџџџhWordDocumentџџџџџџџџ2(SummaryInformation(џџџџ!DocumentSummaryInformation8џџџџџџџџџџџџ)CompObjџџџџџџџџџџџџoџџџџџџџџџџџџџџџџџџџџџџџџўџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџўџ џџџџ РFDocumento do Microsoft Word MSWordDocWord.Document.8є9Вq