SAO PAULO, May 15 /PRNewswire/ -- General Shopping Brasil S/A [Bovespa: GSHP3], one of the largest shopping mall companies in Brazil, announces today its first quarter 2009 earnings. Operating and financial highlights - General Shopping Brasil's gross revenue totaled R$ 25.1 million in 1Q09, up 25.9% over R$ 19.9 million in 1Q08. - Consolidated NOI in 1Q09 reached R$ 18.2 million, up 21.4% over R$ 15.0 million in 1Q08, with margin at 80.0%. - Gross profit in 1Q09 totaled R$ 16.0 million, up 41.6% over R$ 11.3 million in 1Q08, with margin at 70.3%. - Adjusted EBITDA in 1Q09 was R$ 15.9 million, with margin at 70.0%, up 21.4% over R$ 13.1 million in 1Q08. For further details on GSB's 1Q09 earnings, click on the link below: http://release.firb.com/general_shopping/GSB_release_1Q09.pdf CONFERENCE CALLS ON THE 1Q09 EARNINGS May 15, 2009 IN ENGLISH 02:30 p.m. (ET) Dial-in Phone Numbers Parties from Brazil 11 4688-6301 Toll-free from the U.S. 1-888-700-0802 Parties from other countries 1-786-924-6977 Webcast: http://www.prnewswireweb.com.br/player/?id=504 IN PORTUGUESE 01:00 a.m. (ET) Dial-in Phone Number 55 11 4688-6301 Webcast: http://www.prnewswireweb.com.br/player/?id=503 DATASOURCE: General Shopping Brasil S/A CONTACT: General Shopping Brasil S/A, 55 11 31595100, or Web Site: http://release.firb.com/general_shopping/GSB_release_1Q09.pdf

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