São Paulo, December 19, 2018 - São Carlos Empreendimentos e Participações S.A. ("São Carlos") (B3: SCAR3) hereby informs its shareholders and the market in general, in compliance with article 157, paragraph 4 of Law 6,404/76 and CVM Rule 358/02, as amended, that 253 Participações Ltda., a wholly owned subsidiary, signed today a Private Irrevocable Instrument to Sell a plot of land totaling 19,551 sq.m., adjoining Centro Empresarial Tietê, for R$42,000,000.00 (forty-two million reais). The amount of R$14,000,000.00 (fourteen million reais) was received to this date, and the remaining will be received until May 6, 2019 adjusted by the IPC-A/IBGE index.

Centro Empresarial Tietê is composed of a class-A office building, a plot of land with 19,551 sq.m., sold in this date, and another plot of land with 15,025 sq.m.

In addition, a purchase option for the 15,025 sq.m. plot of land was signed, to be exercised until February 19, 2019 at a price ranging from R$29,500,000.00 (twenty-nine million and five hundred thousand reais) and R$31,000,000.00 (thirty-one million reais), depending on the payment condition to be chosen by the buyer.

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For further information, please contact the Investor Relations department:

Investor Relations Department
Tel.: (55 11) 3048-5419

About São Carlos
São Carlos Empreendimentos is one of the main companies in the sector of investment and administration of commercial properties in Brazil. Its goal is to maximize rental revenues and the real estate portfolio´s market value. Our business strategy includes investing in commercial properties, retrofitting our real estate and increasing rent, and disposing of already matured properties. We currently have a portfolio which includes mostly class A office buildings and retail stores, located in the States of São Paulo and Rio de Janeiro.

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