SAO PAULO, Brazil, July 19 /PRNewswire-FirstCall/ -- Gafisa S.A. (Bovespa: GFSA3; NYSE: GFA), one of Brazil's leading diversified national homebuilders, announces its earnings release schedule for 2Q07: Quiet Period In accordance with fair disclosure and corporate governance best practices, Gafisa will respect a Quiet Period that will start on July 23, ending immediately after the conference calls on August 7. Earnings Release 2Q07 August 6, 2007 (after market closing). The release will be available on our website http://www.gafisa.com.br/ir Conference Calls English Portuguese August 7, 2007 August 7, 2007 11:00 a.m. US EDT 9:00 a.m. US EDT 12:00 p.m. Brasilia Time 10:00 a.m. Brasilia Time Phone: +1 (973) 935-8893 Phone: 55 (11) 2101-4848 Replay: +1 (973) 341-3080 Replay: 55 (11) 2101-4848 Code: 9046538 Code: Gafisa Participants are requested to connect ten minutes before the conference calls begin. Slides and Webcast: A slide presentation will be available for viewing and downloading on our website http://www.gafisa.com.br/ir. The Conference Calls will be broadcast live over the Internet on the same website, remaining available after the event. Replay: A conference call replay facility will be available from August 7 through August 14, 2007. In order to access the replay, dial above mentioned numbers. Speakers: Wilson Amaral de Oliveira - Gafisa's CEO Duilio Calciolari - Gafisa's CFO and IR Officer Carlos Gros Investor Relations Tel: +55 (11) 3025-9305 Fax: +55 (11) 3025-9217 DATASOURCE: Gafisa S.A. CONTACT: Carlos Gros, Gafisa Investor Relations, +011-55-11-3025-9305, fax, +011-55-11-3025-9217, Web site: http://www.gafisa.com.br/

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