Press Release

Mills informs the capital reduction of its main shareholder

Rio de Janeiro, February 17, 2011 - Mills Estruturas e Servios de Engenharia S.A. (Mills) informs, in compliance with Instruction CVM n 358, of January 3, 2002, as amended, that its main and controlling shareholder, Nacht Participaes S.A. (Nacht), reduced its capital stock, as approved at an Extraordinary General Shareholders Meeting held on this date. At the Extraordinary General Shareholders Meeting held on this date, the shareholders of Nacht, after capitalization of part of the accumulated profits and the legal reserve, approved the capital reduction of the capital stock of Nacht. Such capital reduction will be effected through the delivery of shares issued by Mills currently held by Nacht to some of its shareholders after the 60-day period provided by law to creditors opposition. As a result of the capital reduction, the interest of Nacht on the voting and total capital stock of Mills will be reduced in 17.2%, from 39.0% to 21.8%, and the shareholders Jeroboam Investments LLC (Jeroboam), Andres Cristian Nacht (Cristian Nacht) and Jytte Kjellerup Nacht (Jytte Nacht) will hold a direct stockholding at Mills of 15.3%, 1.4% and 0.5%, respectively. Moreover, to regulate its relationship as shareholders of Mills and continue to be qualified jointly as the controlling group of Mills, even after Nachts capital reduction, all shareholders of Nacht on February 11, 2011, which included Jeroboam and the members of the Nacht family (Nacht Family), including Cristian Nacht and Jytte Nacht, executed a shareholders agreement regulating the voting rights and the transfer of shares of Nacht and Mills. The main terms of this shareholders agreement are: (a) maintenance of the Nacht Family and Jeroboam as the controlling group of Mills, (b) joint exercise of the voting rights in any decision involving Mills, (c) designation of Cristian Nacht as representative of the controlling group at the Board of Directors and Shareholders Meetings of Mills, and (d) prohibition of sale to third parties of shares of Mills representative of more than 10% of the participation that each shareholder holds individually. The capital reduction of Nacht and the execution of the shareholders agreement do not cause any change on the administrative structure and control of the Company, which will still be held by the Nacht family in the same proportion held previously. In addition, this transaction does not involve any change in the number of shares or in the amount of the capital stock of Mills.
Mills Shareholder Structure 12.31.10 Nacht Jeroboam Cristian Nacht Jytte Nacht Members of the Board of Directors and Executive Officers Free float 39.0% 3.8% 57.2% After Nachts capital reduction 21.8% 15.3% 1.4% 0.5% 3.8% 57.2%

For further information, contact: +55-21-2123-3700 ri@mills.com.br

Alessandra Gadelha IR Officer

agadelha@mills.com.br

Camila Conrado Investor Relations

cconrado@mills.com.br

This press release may include declarations about Mills expectations regarding future events or results. All declarations based upon future expectations, rather than historical facts, are subject to various risks and uncertainties. Mills cannot guarantee that such declarations will prove to be correct. These risks and uncertainties include factors related to the following: the Brazilian economy, capital markets, infrastructure, the real estate and oil & gas sectors, among others, and governmental rules that are subject to change without prior notice. To obtain further information on factors that may give rise to results different from those forecast by Mills, please consult the reports filed with the Brazilian Comisso de Valores Mobilirios (CVM).