gafisa s.a.d18rn0p25nwr6d.cloudfront.net/cik-0001389207/1b422... · são paulo, sp, 05425- 070...

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 OF THESECURITIES EXCHANGE ACT OF 1934

For the month of August, 2018

(Commission File No. 001-33356),

Gafisa S.A.(Translation of Registrant's name into English)

Av. Nações Unidas No. 8501, 19th floor

São Paulo, SP, 05425- 070Federative Republic of Brazil

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

Form 20-F ___X___ Form 40-F ______

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1)

Yes ______ No ___X___

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):

Yes ______ No ___X___

Indicate by check mark whether by furnishing the information contained in this Form, the Registrant is also thereby furnishing the information to the Commission pursuant

to Rule 12g3-2(b) under the Securities Exchange Act of 1934:

Yes ______ No ___X___

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): N/A

gaFisas.a.

CorporateTaxpayer’sID(CNPJ/MF)No.01.545.826/0001-07CorporateRegistry(NIRE)No.35.300.147.952

Publicly-heldCompany

managementPRoPosal

eXtRaoRdinaRyshaReholdeRs’meetingasrequestedbyshareholders

september25,2018

indeX

(i)RemovefromofficeallmembersoftheBoardofDirectors.

(ii)DefinethenumberofmemberstocomposetheBoardofDirectors.

(iii)ElectthenewmemberstocomposetheBoardofDirectors.

(iv)Additionalinformationandwheretofindit.

AppendixI–ManagementCandidates

AppendixII–GWICandidates

AppendixIII–RemoteVotingForm

AppendixIV–InformationonPublicRequestforProxyAuthorization

AppendixV–ProxyInstructionsandTemplate

gaFisas.a.

CorporateTaxpayer’sID(CNPJ/MF)No.01.545.826/0001-07CorporateRegistry(NIRE)No.35.300.147.952

Publicly-heldCompany

DearShareholders,

Below,wepresentforyourappreciationtheproposalsforthematterontheagendaoftheExtraordinaryShareholders’MeetingofGafisaS.A.(“Company”or“gafisa”)tobeheld,infirstcall,onSeptember25,2018,at10:30a.m.(“meeting”),calleduponrequestofGWIClassicFundodeInvestimentoemAções,GWIHighValueFundodeInvestimentoemAções,GWIPipesFundodeInvestimentoemAções,GWISmalleMidCapsFundosdeInvestimentoemAções,GWILeverageFundodeInvestimentoemAções, GWI Asset Management S.A., GWI Real Estate Fundode Investimento emAções Investimento doExterior, FundodeInvestimentoemAçõesGWIPrivateInvestimentoemAçõesInvestimentodoExteriorandGWIBrazilandLatinAmericaMasterFund(jointlyreferredtoas,“gwi”),basedonArticle123,soleparagraph,item“c”ofLawNo.6.404/76:

(i)Removefromofficeallmembersoftheboardofdirectors.

ManagementunderstandstherearenogroundstoremovingfromofficeallmembersofGafisa’sBoardofDirectors(“Removal”),sincethereasongivenbyGWIwasits“interestinrenewingpartofManagement”,asperGWI’scorrespondencedatedJuly31,2018,withoutanyqualificationorjustificationforsuchinterest.

Therefore,theCompany’sManagementproposestorejecttheRemoval.

(ii)definethenumberofmemberstocomposetheboardofdirectors.

In the event the Removal is approved, Gafisa’s Management proposes, in compliance with provisions of Article 15 of theCompany’sBylaws,tomaintainthenumberof7membersfortheBoardofDirectors.

(iii)electnewmemberstocomposetheboardofdirectors.

Managementinformsthat,onAugust14,2018,shareholdersrepresentingover5%oftheCompany’svotingcapitalsubmittedarequesttoadoptthemultiplevotingprocessforelectionoftheBoardofDirectors.

Therefore,iftheRemovalisapproved,themultiplevotingprocessshalladoptedattheMeetingtoelectthenewmembersoftheBoardofDirectors.

IntheEventtheRemovalisapproved,Gafisa’sManagementproposestoelectthefollowingmembersfortheCompany’sBoardofDirectors(“managementCandidates”),allofthemwithtermofofficetoexpireatthe2020AnnualGeneralMeeting:

(a)OdairGarciaSenra;(b)GuilhermeVilazanteCastro;

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(c)TomásRochaAwad;(d)EricAlexandreAlencar;(e)RodolphoAmboss;(f)FranciscoVidalLuna;and(g)CarlosTonanni.

Management proposes to elect the Management Candidates, highlighting their professional qualification, their flawlessreputationandthelackofkinshiprelationshipbetweenthem.

TheManagement Candidates are free andunimpededto performrespective positions, pursuant to the law, andtheycomplywithlegalrequirements,regulationsorstatutoryrequirementsinforce,andthesefactswereverifiedbeforebeingnominatedtothepositionofmemberoftheBoardofDirectors,bymeansofinformationprovidedbycandidatestotheCompany,pursuanttotheLawNo.6.404/76andCVMInstructionNo.367/02.

PursuanttoArticle10ofCVMInstructionNo.481/09(“iCVm481”),theinformationreferringtotheManagementCandidatescanbefoundinAppendixIhereto.

GWI, in turn, in the event the Removal is approved, proposes to elect the following members for the Company’s Board ofDirectors(“gwiCandidates”),allofthemwithtermofofficetoexpireatthe2020AnnualGeneralMeeting:

(h)SandraFayBeatriceFaber;(i)PedroCarvalhodeMello;(j)ThiagoHiJoonYou;(k)MuHakYou;(l)RogérioYujiTsukamoto;(m)KarenSanchezGuimarães;and(n)AnaMariaLoureiroRecart.

AsinformedbyGWI, theGWICandidates are freeandunimpededtoperformrespectivepositions, pursuanttothelaw,andtheycomplywithlegalrequirements,regulationsorstatutoryrequirementsinforce.Notwithstanding,GWIinformedthat:“[in]2017, Mu Hak You, in an administrative proceeding filed at the Brazilian Securities and ExchangeCommission – CVM, waspunishedwith the temporary suspension of his authorization to professionally manage securities portfolio. Referred decisionwaspurposeofappealattheAppealsCounciloftheBrazilianNationalFinancialSystem,withsupersedeaseffect”.

It is also worth mentioning that the Company informed to GWI that, as it did not express its opinion on this matter, theCompanywouldassumetheindependenceofGWICandidates,inclusiverelatedtotheindependencecriteriaprovidedforinthe“NovoMercado”RulesandrequestedGWItomanifestitself,ifthiswerenotthecase.Uptodate,theCompanydidnotreceiveanycontrarymanifestationfromGWI.

Pursuant to Article 10 of ICVM481, the information sent by GWI, referring to GWICandidates canbe foundinAppendixIIhereto.

2

SincetheCompanyneitherhasacontrollingshareholder,norpreferredshares,theseparatevotingmechanismprovidedforinArticle141,Paragraphs4and5ofLawNo.6.404/76shallnotapply.

(iv)additionalinformationandwheretofindit.

Shareholdersmayexercisetheirremotevotingright,bycompletingtheremotevotingformfortheMeetingmadeavailablebytheCompanyintheAppendixIIIhereto.Shareholdersoptingforexercisingtheirvotingrightviatheremotevotingformshallcomplywith therules andformalities describedin theRemote VotingFormanditem12.2 of theCompany’sReferenceForm(Rules,policies,andpracticesreferringtogeneralmeetings),availableonthewebsitesmentionedbelow.

In addition, Management shall make a public request for proxyauthorization, as per Notice to Shareholders releasedonthisdate,pursuanttoArticle27ofICVM481,thedeliberationsoftheMeetingshallbethesubject-matterthereof.PursuanttoICVM481, the Appendix IV hereto details the information indicated in Appendix 23 of ICVM 481 and the AppendixV containsinstructions on the proxy requested, as well as a template of the proxy instrument with full qualification of attorneys-in-factappointedbytheCompany,asprovidedforinArticle24ofICVM481.Thedraft ofproxyalreadycontainsreferencetoothercandidatestotheBoardofDirectorssubmitteduptodate.

ThedocumentsprovidedforbyICVM481weresubmittedtoCVMonthisdate,viathePeriodicInformationSystem(IPE),andareavailabletoshareholders,attheCompany’sheadquarters,onitsInvestorRelationswebsite(www.gafisa.com.br/ri/)andonthewebsites of B3(www.b3.com.br) andCVM(www.cvm.gov.br). Thedocuments maybeconsultedandexaminedat theCompany’s headquarters, and if shareholders are interested, they shall schedule date and time with the Investor RelationsDepartment.

SãoPaulo,August14,2018.

TheManagement

gafisas.a.

3

appendixi–managementCandidates

(asperAppendix24,items12.5to12.10ofCVMInstructionNo.480/09.)

InformationoncandidatestotheBoardofDirectorsnominatedbytheCompany’sManagementfortheExtraordinaryShareholders’MeetingtobeheldonSeptember25,2018.

12.5/12.6ComPositionandPRoFessionaleXPeRienCeoFmanagementandFisCalCounCil1:

name birthdate managementbody dateofelection termofoffice no.ofconsecutivetermsofoffice

CPF Profession Positionheld dateofinvestiture electedbycontrollingshareholder

Percentageofattendanceatmeetings

otherpositionsanddutiesheldattheissuer descriptionofanotherposition/dutyodairgarciasenra 12/05/1946 Only a member of the

BoardofDirectorsProposaltobeelectedatthe ExtraordinaryShareholders’ Meetingof09/25/2018

If elected, until 2020 AnnualGeneralMeeting

5 (if elected, this newtermofofficewillbethe6thconsecutive)

380.915.938-72 CivilEngineer Chairman of the Board ofDirectors

09/26/2018. No. 100%

NootherpositionsordutiesheldattheCompany guilherme VilazanteCastro

08/12/1975 Only a member of theBoardofDirectors

Proposaltobeelectedatthe ExtraordinaryShareholders’ Meetingof09/25/2018


1 (if elected, this will bethe2ndtermofoffice)

769.608.461-53 Mathematician Independent BoardMember(SittingMember)

09/26/2018 No. 100%

MemberoftheCorporateGovernanceandCompensationCommittee tomásRochaawad 01/18/1971 Only a member of the




145.527.458-59 BusinessAdministrator

Independent BoardMember(SittingMember)

09/26/2018 No. 86%

MemberoftheAuditCommittee ericalexandrealencar 10/02/1978 Only a member of the




285.232.758-94 MechatronicEngineer


09/26/2018 No. 86%

MemberoftheAuditCommittee Rodolphoamboss 05/10/1963 Only a member of the



4 (if elected, this newtermofofficewillbethe5thconsecutive)

742.664.117-15 CivilEngineer Independent BoardMember(SittingMember)

09/26/2018 No. 100%

MemberoftheCorporateGovernanceandCompensationCommittee FranciscoVidalluna 07/11/1946 Only a member of the



0 (if elected, this will bethe1sttermofoffice)

031.950.828-53 Economist Independent BoardMember(SittingMember)

09/26/2018 No. NotApplicable

NootherpositionsordutiesheldattheCompany Carlostonanni 12/29/1971 Only a member of the




153.059.748-01 BusinessAdministrator



NootherpositionsordutiesheldattheCompany

4

1Pleaseconfirmif curriculuminformationisupdated, especiallythememberswhocurrentlydonotcomposetheCompany’sBoardofDirectors.

name CPF/PassportProfessionalexperience/declarationofanyConviction/independenceCriteriaodairgarciasenra 380.915.938-72Professional Experience:Mr. Senra joined Gomes de Almeida Fernandes as an engineering trainee, having also served as Project Engineer, Project General Manager,Construction Officer, Development Officer, Corporate Relations Officer and is currently the Chairman of the Board of Directors and member of the Audit Committee.Currently, heholdsthefollowingpositions: (i) Memberof theBoardof Directorsof Alphaville UrbanismoS.A., a companywhosemainactivityis theconstructionanddevelopmentofurbanlots,withtheCompanyholding30%ofthecapitalofAlphavilleUrbanismoS.A.;(ii)OfficeratSECOVISP–UnionforCompaniesthatBuy,Sell,RentandManageResidential andCommercial BuildingsinSãoPaulo; (iii) VicePresidentat SINDUSCONSP–UnionfortheCivil ConstructionIndustryintheStateof SãoPaulo; (iv) Representative of SINDUSCON SP on the Board of Directors of the Technology Institute of Mauá; (v) Member of the Advisory Board of FIABCI/Brasil –InternationalRealEstateFederation;and(vii)OfficeratBRIOInvestimentosImobiliáriosS.A.,afundmanagerofinvestmentsinrealestate.Overthepast 5yearshealsoservedas: (i) ChiefOperationsOfficerat ConstrutoraTendaS.A.; (ii) Memberof theBoardof DirectorsofSãoCarlosEmpreendimentoseParticipaçõesS.A.,anassetmanagementcompanyincommercialrealestate;and(iii)RepresentativeofSINDUSCONSPintheTechnicalChamberofUrbanLegislationfortheMunicipalityofSãoPaulo(CTLU)NoneofthesecompaniesholdrelevantinterestintheCompany’scapital,iscontrolledbyCompany’sshareholderholdingdirectorindirectinterestequalof5%ormoreofsameclassortypeoftheCompany’ssharesnorcomposeitseconomicgroup,exceptforAlphavilleUrbanismoS.A.DeclarationofAnyConviction:Mr.OdairGarciaSenradeclaredforalllegalpurposesthatoverthepastfiveyears,hewasnotsubjecttotheeffectsofanycriminalconviction,anyadversejudgmentorapplicationofpenaltyintheBrazilianSecuritiesandExchangeCommission(CVM)administrativeproceedingoranyfinalandunappealablejudgment,atthejudicialoradministrativeleveltosuspendordisqualifyhimtopracticeanyprofessionorbusinessactivity.IndependenceCriteria:TodeterminetheindependenceofthismemberoftheBoardofDirectors,theCompanyusedasacriteriontheprovisionsofart.16ofthe“NovoMercado”Rules,andtherulesoftheNewYorkStockExchange,observingthatithassecuritiesregisteredinthesetwomarkets. guilhermeVilazanteCastro 769.608.461-53ProfessionalExperience:Mr.CastroholdsadegreeinMathematicsfromtheUniversityofBrasília,withamaster’sdegreeinEconomicsfromEPGE/FGVRiodeJaneiro,Currently,GuilhermeisapartneratJFLRealty,andactedasEquityResearchDirector–LATAM(SellSide)atBankofAmericaMerrillLynchfrom2013to2015;EquityResearchDirector(ResearchSellSide)atBarclaysCapitalfrom2009to2012;atUBSPactualfrom2001to2008;atEquityResearchAssociate–LatinAmerica(Research)from2005to2008,andatBancodeInvestimentoascorporatefinance,M&Aanalystfrom2001to2005.NoneofthesecompaniesholdrelevantinterestintheCompany’scapital,iscontrolledbyCompany’sshareholderholdingdirectorindirectinterestequalof5%ormoreofsameclassortypeofGafisa’ssharesnorcomposeitseconomicgroup.DeclarationofAnyConviction:Mr.GuilhermeVilazanteCastrodeclaredforalllegalpurposesthatoverthepastfiveyears,hewasnotsubjecttotheeffectsofanycriminalconviction, any adverse judgment or application of penalty in the Brazilian Securities and Exchange Commission (CVM) administrative proceeding or any final andunappealablejudgment,atthejudicialoradministrativeleveltosuspendordisqualifyhimtopracticeanyprofessionorbusinessactivity.IndependenceCriteria:TodeterminetheindependenceofthismemberoftheBoardofDirectors,theCompanyusedasacriteriontheprovisionsofart.16ofthe“NovoMercado”Rules,andtherulesoftheNewYorkStockExchange,observingthatithassecuritiesregisteredinthesetwomarkets. tomásRochaawad 145.527.458-59ProfessionalExperience:Mr.AwadholdsadegreeinbusinessadministrationfromEASP/FGVSãoPaulo,CurrentlyMr.AwadholdsthepositionofPartnerandManagerof FundodeInvestimentos3RInvestimentos. Overthepast 10years, healsoservedasPartnerof LANDIXReal EstateInvestments andwasequityresearchanalyst inseveralfinancialinstitutions,includingItaúCorretoraandBancoChaseManhattanS.A.Inaddition,inseveraloccasions,TomáswasalecturerontheBrazilianmarketinthemes,suchas”EquityInternationalBoardMeeting”inChicago,“BrazilRealEstateMarketSummit:InvestmentTrendsandOpportunities”,inNewYorkand“CityscapeLatinAmericaRealEstateConference”inSãoPaulo/SP.NoneofthesecompaniesholdrelevantinterestintheCompany’scapital,iscontrolledbyCompany’sshareholderholdingdirectorindirectinterestequalof5%ormoreofsameclassortypeoftheCompany’ssharesnorcomposeitseconomicgroup.DeclarationofAnyConviction:Mr.TomásRochaAwaddeclaredforalllegalpurposesthatoverthepastfiveyears,hewasnotsubjecttotheeffectsofanycriminalconviction,anyadversejudgmentorapplicationofpenaltyintheBrazilianSecuritiesandExchangeCommission(CVM)administrativeproceedingoranyfinalandunappealablejudgment,atthejudicialoradministrativeleveltosuspendordisqualifyhimtopracticeanyprofessionorbusinessactivity.IndependenceCriteria:TodeterminetheindependenceofthismemberoftheBoardofDirectors,theCompanyusedasacriteriontheprovisionsofart.16ofthe“NovoMercado”Rules,andtherulesoftheNewYorkStockExchange,observingthatithassecuritiesregisteredinthesetwomarkets. ericalexandrealencar 285.232.758-94Professional Experience : Mr. Alencarholdsadegreeinmechatronic engineeringfromtheUniversityof SãoPaulo, withanMBAfromWhartonSchool ofPennsylvaniaUniversity,currently,heholdsthepositionofChiefFinancial,NewBusinessandSharedServicesOfficerofGrupoOncoclinicas.Overthepast5yearshealsoservedas:CFOandIROofCyrelaBrazilRealty.NoneofthesecompaniesholdrelevantinterestintheCompany’scapital,iscontrolledbyCompany’sshareholderholdingdirectorindirectinterestequalof5%ormoreofsameclassortypeoftheCompany’ssharesnorcomposeitseconomicgroup.DeclarationofAnyConviction:Mr.EricAlexandreAlencardeclaredforalllegalpurposesthatoverthepastfiveyears,hewasnotsubjecttotheeffectsofanycriminalconviction,anyadversejudgmentorapplicationofpenaltyintheBrazilianSecuritiesandExchangeCommission(CVM)administrativeproceedingoranyfinalandunappealablejudgment,atthejudicialoradministrativeleveltosuspendordisqualifyhimtopracticeanyprofessionorbusinessactivity.IndependenceCriteria:TodeterminetheindependenceofthismemberoftheBoardofDirectors,theCompanyusedasacriteriontheprovisionsofart.16ofthe“NovoMercado”Rules,andtherulesoftheNewYorkStockExchange,observingthatithassecuritiesregisteredinthesetwomarkets. Rodolphoamboss 742.664.117-15Professional Experience : Currently, Mr. Amboss holds the following positions: (i) Founding Partner and Managing Director at Silverpeak Real Estate Partners L.P., aninvestmentfundmanagerfocusedonrealestate;(ii)MemberoftheCompany’sBoardofDirectorsandCorporateGovernanceandCompensationCommittee,wherehealsoworked during the period from 1984 to 1995; (iii) Member of the Board of Directors and the Compensation, Nomination and Corporate Governance Committee ofConstrutora Tenda S.A., a publicly-held company whose main activity is the construction and development of real estate ventures; and (iv) Member of the Board ofDirectorsofBRMallsPaticipaçõesS.A.,apublicly-heldcompanywhosemainactivityisacquisition,lease,administrationanddevelopmentofshoppingcenters.Over the past 5 years he also served as: (i) Member of the Board of Directors of BR Properties S.A., a company focused on the acquisition, lease, administration anddevelopment of offices, industrial warehouses and large retail stores; and (ii) Member of the Supervisory Board of Robyg S.A., a company listed on the WarsawStockExchangefocusedonthedevelopmentandsaleofresidentialpropertiesinPoland.NoneofthesecompaniesholdrelevantinterestintheCompany’scapital,iscontrolledbyCompany’sshareholderholdingdirectorindirectinterestequalof5%ormoreofsameclassortypeoftheCompany’ssharesnorcomposeitseconomicgroup.

Declaration of Any Conviction:Mr. Rodolpho Amboss declared for all legal purposes that over the past five years, he was not subject to the effects of any criminalconviction, any adverse judgment or application of penalty in the Brazilian Securities and Exchange Commission (CVM) administrative proceeding or any final andunappealablejudgment,atthejudicialoradministrativeleveltosuspendordisqualifyhimtopracticeanyprofessionorbusinessactivity.IndependenceCriteria:TodeterminetheindependenceofthismemberoftheBoardofDirectors,theCompanyusedasacriteriontheprovisionsofart.16ofthe“NovoMercado”Rules,andtherulesoftheNewYorkStockExchange,observingthatithassecuritiesregisteredinthesetwomarkets. FranciscoVidalluna 031.950.828-53Professional Experience : Currently Mr. Luna holds the following positions: (i) Member of the Board of Directors and Audit Committee of Sabesp – Basic SanitationCompanyoftheStateofSãoPaulo,amixed-capitalcompanyprovidingwaterandbasicsanitationservices;(ii)MemberoftheBoardofDirectorsandChairmanoftheAudit Committee of Desenvolve SãoPaulo, anentity engaginginbankingactivities; (iii) Member of the AdvisoryBoardof the Football Museum; (iv) Member of theAdvisoryBoardofthePortugueseLanguageMuseum;(v)MemberoftheEconomicsHighCouncilofFIESP–IndustrialFederationoftheStateofSãoPaulo;(vi)MemberoftheBoardofTrusteesoftheMedicineFacultyFoundation-FFM;(vii)MemberoftheBoardofTrusteesofFIPE–EconomicSurveysInstituteFoundation;(viii)MemberoftheEconomicsCouncilandPolitical&SocialCounciloftheCommercialAssociationofSãoPaulo(ix)MemberofAdvisoryBoardofOsespFoundation;Overthepast5yearshealsoservedas:(i)ChairmanoftheBoardofDirectorsforallofthecompaniescontrolledbytheMunicipalityofSãoPaulo:SPUrbanismo,SPObras,SPTur,SPTrans,CETCiadeEngenhariadoTrânsito,Prodam–TecnologiadeInformaçãoeComunicaçãoandCiaMetropolitanadeHabitaçãodeSãoPaulo;(ii)MemberandChairmanoftheBoardofDirectorsoftheAfroBrazilMuseum;(iii)MemberoftheBoardofDirectorsofConstrutoraTendaS.A.,apublicly-heldcompanywhose main activity is the construction and development of real estate ventures; (iv) Chairman and Member of the Board of Directors of the Football Museum; (v)ChairmanandMemberoftheBoardofDirectorsofthePortugueseLanguageMuseum;and(vi)MemberoftheBoardofTrusteesofthePadreAnchietaFoundation–TVCultura.Alsoheldthefollowingmanagerialpositionsinpublicly-tradedcompaniesandinthethirdsector:(i)MemberoftheBoardofDirectorsoftheNationalBankforEconomicDevelopment–BNDES;(ii)MemberoftheBoardofDirectorsofBancoNossaCaixaDesenvolvimento,acompanyoperatinginthebankingsector;(iii)MemberoftheBoardofDirectorsofCesp–CiaEnergéticadeSãoPaulo,acompanywhosemainactivityisintheenergysector;and(iv)President,VicePresident,PartnerandMemberoftheBoardof Directorsof BancoInterAmericanExpress(formerlyBancoSRL); (v)MemberoftheBoardofDirectorsofSPDA–SãoPauloCompanyfortheDevelopment&MobilizationofAssets;(vi)ChairmanoftheBoardofDirectorsoftheSEADEFoundation–StateSystemforDataAnalysis;(vii)ChairmanoftheBoardofDirectors.NoneofthesecompaniesholdrelevantinterestintheCompany’scapital,iscontrolledbyCompany’sshareholderholdingdirectorindirectinterestequalof5%ormoreofsameclassortypeoftheCompany’ssharesnorcomposeitseconomicgroup.Declaration of AnyConviction : Mr. Francisco Vidal Lunadeclared for all legal purposes that over the past five years, he was not subject to the effects of anycriminalconviction, any adverse judgment or application of penalty in the Brazilian Securities and Exchange Commission (CVM) administrative proceeding or any final andunappealablejudgment,atthejudicialoradministrativeleveltosuspendordisqualifyhimtopracticeanyprofessionorbusinessactivity.IndependenceCriteria:TodeterminetheindependenceofthismemberoftheBoardofDirectors,theCompanyusedasacriteriontheprovisionsofart.16ofthe“NovoMercado”RulesandtherulesoftheNewYorkStockExchange,observingthatithassecuritiesregisteredinthesetwomarkets. Carlostonanni 153.059.748-01ProfessionalExperience:Currently,Mr.Tonanniholdsthefollowingpositions:(i)Partnerresponsibleforhigh-endrealestatedevelopmentsofThreeDesenvolvimentoImobiliário;and(ii)PartnerandPortfolioManagerofBradoCapitalGestãodeRecursos.NoneofthesecompaniesholdrelevantinterestintheCompany’scapital,iscontrolledbyCompany’sshareholderholdingdirectorindirectinterestequalof5%ormoreofsameclassortypeoftheCompany’ssharesnorcomposeitseconomicgroup.DeclarationofAnyConviction:Mr.CarlosTonannideclaredforalllegalpurposesthatoverthepastfiveyears,hewasnotsubjecttotheeffectsofanycriminalconviction,any adverse judgment or application of penalty in the Brazilian Securities and Exchange Commission (CVM) administrative proceeding or any final and unappealablejudgment,atthejudicialoradministrativeleveltosuspendordisqualifyhimtopracticeanyprofessionorbusinessactivity.IndependenceCriteria:TodeterminetheindependenceofthismemberoftheBoardofDirectors,theCompanyusedasacriteriontheprovisionsofart.16ofthe“NovoMercado”Rules,andtherulesoftheNewYorkStockExchange,observingthatithassecuritiesregisteredinthesetwomarkets.

5

12.7/12.8ComPositionoFstatutoRyCommitteesandaudit,FinanCialandComPensationCommittees:

name typeofCommittee Positionheld Profession dateofelection

termofoffice

%ofattendanceatmeetings

CPF descriptionofothercommittees

descriptionofotherpositionsheld

birthdate dateofinvestiture

no.ofconsecutivetermsofoffice

--

otherpositions/dutiesheldattheissuerProfessionalexperience/declarationofanyconviction/independenceCriteria

auditCommitteetomásRochaawad AuditCommittee Member of Committee

(SittingMember)BusinessAdministrator

05/11/2018 05/11/2020 100.00%

145.527.458-59 Member of the Board ofDirectors(SittingMember)

01/18/1971 05/11/2018 1

IndependentMemberoftheBoardofDirectorsFordescriptionofprofessionalexperience,declarationofanyconvictionandindependencecriteria,seeinformationinitem12.5/6aboveericalexandrealencar AuditCommittee Member of Committee

(SittingMember)MechatronicEngineer

05/11/2018 05/11/2020 100.00%

285.232.758-94 Member of the Board ofDirectors(SittingMember)

10/02/1978 05/11/2018 1

IndependentMemberoftheBoardofDirectorsFordescriptionofprofessionalexperience,declarationofanyconvictionandindependencecriteria,seeinformationinitem12.5/6above

CoRPoRategoVeRnanCeandComPensationCommitteeRodolphoamboss OtherCommittees Member of Committee

(SittingMember)CivilEngineer 05/11/2018 05/11/2020 100.00%

742.664.117-15 Corporate Governance andCompensationCommittee

Member of the Board ofDirectors(SittingMember)

05/10/1963 05/11/2018 5

IndependentMemberoftheBoardofDirectorsguilhermeVilazanteCastro OtherCommittees Member of Committee

(SittingMember)Mathematician 05/11/2018 05/11/2020 100.00%


Member of the Board ofDirectors(SittingMember)

08/12/1975 05/11/2018 1

IndependentMemberoftheBoardofDirectorsFordescriptionofprofessionalexperience,declarationofanyconvictionandindependencecriteria,seeinformationinitem12.5/6aboveofthereferenceform

6

12.9eXistenCeoFmaRitalRelationshiP,Common-lawmaRRiageoRkinshiPuPtoseConddegReeReFeRRingtomanagementoFissueRs,subsidiaRiesandContRollingshaReholdeRs:

Thereisnomaritalrelationship,common-lawmarriageorkinshipuptoseconddegreeamong(i)thecandidatesofManagementCandidatesor(ii)amongthemandManagementofdirectorindirectsubsidiariesoftheCompany.Thisitemshallnotapplyinrelationtocontrollingshareholders,sincetheCompany’scapitaliswidespread.

12.10 suboRdination Relations, seRViCe RendeRing oR ContRol among management and subsidiaRies, ContRollingshaReholdeRsandotheR:

ThereisnosubordinationrelationorcontrolamongcandidatesofManagementCandidatesand(i)directorindirectsubsidiariesof the Company or (ii) supplier, customer, debtor or creditor of the Company, its subsidiary or subsidiaries of any of thesepersons.Thisitemshallnotapplytocontrollingshareholders,sincetheCompany’scapitaliswidespread.

******

7

appendixii–gwiCandidates

(asperAppendix24,items12.5to12.10ofCVMInstructionNo.480/09andinformationsentbyGWItotheCompany.)

InformationoncandidatestotheBoardofDirectorsnominatedbyGWIfortheExtraordinaryShareholders’MeetingtobeheldonSeptember25,2018.

12.5/12.6ComPositionandPRoFessionaleXPeRienCeoFmanagementandFisCalCounCil:

name birthdate managementbody dateofelection termofoffice no.ofconsecutivetermsofoffice

CPF Profession Positionheld dateofinvestiture electedbycontrollingshareholder

Percentageofattendanceatmeetings

otherpositionsanddutiesheldattheissuer descriptionofanotherposition/dutysandraFaybeatriceFaber 07/27/1976 Only a member of the




E5041189A FinancialAdviser Independent BoardMember (SittingMember)


NootherpositionsordutiesheldattheCompany PedroCarvalhodemello 10/28/1942 Only a member of the




025.056.817-91 Economist Independent BoardMember (SittingMember)


NootherpositionsordutiesheldattheCompany thiagohiJoonyou 04/18/1984 Only a member of the




324.797.208-02 Administrator Independent BoardMember (SittingMember)


NootherpositionsordutiesheldattheCompany muhakyou 01/07/1952 Only a member of the






NootherpositionsordutiesheldattheCompany Rogérioyujitsukamoto 10/14/1960 Only a member of the






NootherpositionsordutiesheldattheCompany karensanchezguimarães 03/22/1984 Only a member of the



1 (if elected, this is thecontinuation of 1st termofoffice)

324.302.698-99 Attorney Independent BoardMember (SittingMember)

09/26/2018 No. 100%

MemberoftheAuditCommittee anamarialoureiroRecart 06/04/1973 Only a member of the



1 (if elected, this is thecontinuation of 1st termofoffice)

261.320.138-06 Attorney Independent BoardMember (SittingMember)

09/26/2018 No. 100%

MemberoftheCorporateGovernanceandCompensationCommittee

8

name CPF/PassportProfessionalexperience/declarationofanyConviction/independenceCriteriasandraFaybeatriceFaber E5041189AProfessional Experience : Currently, Mrs. Faber is a partner at 10X10JumpInc. She held positions of analyst at GWI NYand at HSBCSecurities. She holds a degree inbusiness administration from University of Michigan in 2000, with a master’s degree concluded in 2010 in finance from The Wharton School of the University ofPennsylvania(USA).NoneofthesecompaniesholdrelevantinterestintheCompany’scapital,iscontrolledbyCompany’sshareholderholdingdirectorindirectinterestequalof5%ormoreofsameclassortypeoftheCompany’ssharesnorcomposeitseconomicgroup.DeclarationofAnyConviction:GWIinformedthat,overthelastfiveyears,Mrs.SandraFayBeatriceFaberwasnotsubjecttotheeffectsofanycriminalconviction,anyadverse judgment or application of penalty in the Brazilian Securities and Exchange Commission (CVM) administrative proceeding or any final and unappealablejudgment,atthejudicialoradministrativeleveltosuspendordisqualifyhertopracticeanyprofessionorbusinessactivity.IndependenceCriteria:TheCompanyinformedtoGWIthat,sinceGWIdidnotexpressitsopiniononthismatter,theCompanywouldassumetheIndependenceofGWICandidates,inclusiveinrelationtotheindependencecriteriaprovidedforin“NovoMercado”RulesandrequestedGWItomanifestitselfifthiswerenotthecase.Uptodate,theCompanydidnotreceiveanycontrarymanifestationfromGWI. PedroCarvalhodemello 025.056.817-91Professional Experience : Currently, Mr. Mello is (i) Professor at ESALQ/USP, academic coordinator of FGV/IDE international programs and coordinator of FGV CEOProgram; (ii) sitting member of B2W’s fiscal council; (iii) deputy member of Lojas Americanas’ fiscal council; and (iv) founding member of Latin American ShadowFinancialCommittee(CLAAF).Mr.Melloheldthefollowingpositions:(i)sittingmemberofthefiscalcouncilofBancodoBrasil,UNIPARandBNDESPAR,(ii)officeratCVM, (iii) officer at BM&F(current B3), vice president at PNCInternational Bank(Pittsburgh), (iv) technical officer (andresearcher) at the Brazilian Institute of CapitalMarketsandeconomistatPlanaveProjetos,and(v)consultantatA.T.KearneyD.LittleandEconomistIntelligenceUnit.NoneofthesecompaniesholdrelevantinterestintheCompany’scapital,iscontrolledbyCompany’sshareholderholdingdirectorindirectinterestequalof5%ormoreofsameclassortypeoftheCompany’ssharesnorcomposeitseconomicgroup.DeclarationofAnyConviction : GWIinformedthat, overthelast fiveyears, Mr. PedroCarvalhodeMellowasnot subject totheeffects of anycriminal conviction, anyadverse judgment or application of penalty in the Brazilian Securities and Exchange Commission (CVM) administrative proceeding or any final and unappealablejudgment,atthejudicialoradministrativeleveltosuspendordisqualifyhimtopracticeanyprofessionorbusinessactivity.IndependenceCriteria:TheCompanyinformedtoGWIthat,sinceGWIdidnotexpressitsopiniononthismatter,theCompanywouldassumetheIndependenceofGWICandidates,inclusiveinrelationtotheindependencecriteriaprovidedforin“NovoMercado”RulesandrequestedGWItomanifestitselfifthiswerenotthecase.Uptodate,theCompanydidnotreceiveanycontrarymanifestationfromGWI. thiagohiJoonyou 324.797.208-02Professional Experience : FromJanuary 2012 to date, Mr. Youacts as headof aviation at WWAAviation. Heholds a degree in business administration fromArmandoAlvaresPenteadoFoundation(FAAP)in2010.NoneofthesecompaniesholdrelevantinterestintheCompany’scapital,iscontrolledbyCompany’sshareholderholdingdirectorindirectinterestequalof5%ormoreofsameclassortypeoftheCompany’ssharesnorcomposeitseconomicgroup.DeclarationofAnyConviction:GWIinformedthat,overthelastfiveyears,Mr.ThiagoHiJoonYouwasnotsubjecttotheeffectsofanycriminalconviction,anyadversejudgmentorapplicationofpenaltyintheBrazilianSecuritiesandExchangeCommission(CVM)administrativeproceedingoranyfinalandunappealablejudgment,atthejudicialoradministrativeleveltosuspendordisqualifyhimtopracticeanyprofessionorbusinessactivity.IndependenceCriteria:TheCompanyinformedtoGWIthat,sinceGWIdidnotexpressitsopiniononthismatter,theCompanywouldassumetheIndependenceofGWICandidates,inclusiveinrelationtotheindependencecriteriaprovidedforin“NovoMercado”RulesandrequestedGWItomanifestitselfifthiswerenotthecase.Uptodate,theCompanydidnotreceiveanycontrarymanifestationfromGWI. muhakyou 538.055.348-68Professional Experience: From 2000 to date, Um Hak acts as chief executive officer (CEO) at GWI Asset Management S.A. and also acted as member of the Board ofDirectorsofthefollowingcompanies:(i)ParanáBancoS.A.,(ii)LojasAmericanasS.A.,(iii)EternitS.A.and(iv)ProfarmaDistribuidoradeProdutosFarmacêuticosS.A.HeholdsadegreeinbusinessadministrationfromFGVSP,withgraduatestudiesinadministrationconcludedin1981atFGVSP.ExceptforGWIAsset ManagementS.A., noneof thecompaniesaboveholdrelevantinterest intheCompany’scapital, is controlledbyCompany’s shareholderholdingdirectorindirectinterestequalof5%ormoreofsameclassortypeoftheCompany’ssharesnorcomposeitseconomicgroup.DeclarationofAnyConviction:GWIinformedthatin2017,MuHakYou,inadministrativeproceedingfiledattheBrazilianSecuritiesandExchangeCommission–CVMwas punished with the temporary suspension of his authorization for professional management of securities portfolio. Referred decision was purpose of appeal at theAppeal Council of the BrazilianNational Financial System, withsupersedeas effect. Over the last fiveyears, MuHakYouwasnot subject to the effects of anycriminalconviction, any adverse judgment or application of penalty in the Brazilian Securities and Exchange Commission (CVM) administrative proceeding or any final andunappealablejudgment,atthejudicialoradministrativeleveltosuspendordisqualifyhimtopracticeanyprofessionorbusinessactivity.IndependenceCriteria:TheCompanyinformedtoGWIthat,sinceGWIdidnotexpressitsopiniononthismatter,theCompanywouldassumetheIndependenceofGWICandidates,inclusiveinrelationtotheindependencecriteriaprovidedforin“NovoMercado”RulesandrequestedGWItomanifestitselfifthiswerenotthecase.Uptodate,theCompanydidnotreceiveanycontrarymanifestationfromGWI. Rogérioyujitsukamoto 040.343.188-30ProfessionalExperience:Since2007Mr.TsukamotohasbeenamanagingpartnerandlegalrepresentativeofKornFerryInternational’soperationsinBrazil,alsoactedas(i)chiefexecutiveofficerandpartneratGestare,(ii)founderoftheFamilyCompaniesManagementProgramofGetúlioVargasFoundation,(iii)professorofbusinessstrategy,entrepreneurship,businesshistoryandfamilysuccessioninexecutiveprogramsofFGV,USP,FundaceandINPEAD,and(iv)amemberofIBGC.Mr.TsukamotoholdsadegreeinFinanceandMarketingfromFGVSP,withamaster’sdegreeinBusinessAdministrationfromTheWhartonSchooloftheUniversityofPennsylvania(USA).NoneofthesecompaniesholdrelevantinterestintheCompany’scapital,iscontrolledbyCompany’sshareholderholdingdirectorindirectinterestequalof5%ormoreofsameclassortypeoftheCompany’ssharesnorcomposeitseconomicgroup.Declaration of AnyConviction : GWI informedthat, over the last five years, Mr. Rogério Yuji Tsukamoto was not subject to the effects of anycriminal conviction, anyadverse judgment or application of penalty in the Brazilian Securities and Exchange Commission (CVM) administrative proceeding or any final and unappealablejudgment,atthejudicialoradministrativeleveltosuspendordisqualifyhimtopracticeanyprofessionorbusinessactivity.IndependenceCriteria:TheCompanyinformedtoGWIthat,sinceGWIdidnotexpressitsopiniononthismatter,theCompanywouldassumetheIndependenceofGWICandidates,inclusiveinrelationtotheindependencecriteriaprovidedforin“NovoMercado”RulesandrequestedGWItomanifestitselfifthiswerenotthecase.Uptodate,theCompanydidnotreceiveanycontrarymanifestationfromGWI.

karensanchezguimarães 324.302.698-99Professional Experience : Currently, Mrs. Guimarães is (i) Legal Manager at GWI Real Estate. She served as: (i) civil litigation attorney at Cosan Ind. e Com.; (ii) civillitigationattorneyatWZAdvogadosand(iii) memberof EletropauloMetropolitanaEletricidadedeSãoPauloS.A.’s fiscal council. Mrs. GuimarãesholdsaLawDegreefromtheUniversityofSãoPaulowithgraduatestudiesinContractualLawfromtheSãoPauloLawSchoolandanMBAinCorporateLawfromGetúlioVargasFoundation–FGV.GWIRealEstateiscontrolledbytheCompany’sshareholder,whichholdsdirectorindirectinterest, equaltoorexceeding5%ofasameclassortypeoftheCompany’sshares.Exceptforthiscompany,noneofthecompaniesaboveholdrelevantinterestintheCompany’scapital,iscontrolledbyCompany’sshareholderholdingdirectorindirectinterestequalof5%ormoreofsameclassortypeoftheCompany’ssharesnorcomposeitseconomicgroup.DeclarationofAnyConviction:GWIinformedthat,overthelastfiveyears,Mrs.KarenSanchezGuimarãeswasnotsubjecttotheeffectsofanycriminalconviction,anyadverse judgment or application of penalty in the Brazilian Securities and Exchange Commission (CVM) administrative proceeding or any final and unappealablejudgment,atthejudicialoradministrativeleveltosuspendordisqualifyhertopracticeanyprofessionorbusinessactivity.IndependenceCriteria:TheCompanyinformedtoGWIthat,sinceGWIdidnotexpressitsopiniononthismatter,theCompanywouldassumetheIndependenceofGWICandidates,inclusiveinrelationtotheindependencecriteriaprovidedforin“NovoMercado”RulesandrequestedGWItomanifestitselfifthiswerenotthecase.Uptodate,theCompanydidnotreceiveanycontrarymanifestationfromGWI. anamarialoureiroRecart 261.320.138-06ProfessionalExperience:Currently,Mrs.Recartholdsthepositionofchiefexecutiveofficer(CEO)atGWIEmpreendimentosImobiliáriosS.A..ShewasamemberoftheBoardofDirectors,FiscalCouncilandAuditCommitteeofEletropauloMetropolitanaEletricidadedeSãoPauloS.A.,memberoftheBoardofDirectorsofHanaFinancial(EUA)andmemberoftheFiscalCouncilofProfarmaDistribuidoradeProdutosFarmacêuticosS.A..Mrs.RecartholdsaLawDegreefromtheUniversityofSãoPaulo,withan MBA from D. Cabral Foundation, LL.M. in International Business Law from American University, Washington College of Law, besides other courses in corporategovernance,suchasAdvancedBoardroomProgramForWomen-ABP-W,atSaintPaulBusinessSchool.GWIEmpreendimentosImobiliáriosS.A.iscontrolledbytheCompany’sshareholder,whichholdsdirectorindirectinterest,equaltoorexceeding5%ofasameclassortype of the Company’s shares. Except for this company, none of the companies above hold relevant interest in the Company’s capital, is controlled by Company’sshareholderholdingdirectorindirectinterestequalof5%ormoreofsameclassortypeoftheCompany’ssharesnorcomposeitseconomicgroup.DeclarationofAnyConviction:GWIinformedthat,overthelastfiveyears,Mrs.AnaMariaLoureiroRecartwasnotsubjecttotheeffectsofanycriminalconviction,anyadverse judgment or application of penalty in the Brazilian Securities and Exchange Commission (CVM) administrative proceeding or any final and unappealablejudgment,atthejudicialoradministrativeleveltosuspendordisqualifyhertopracticeanyprofessionorbusinessactivity.IndependenceCriteria:TheCompanyinformedtoGWIthat,sinceGWIdidnotexpressitsopiniononthismatter,theCompanywouldassumetheIndependenceofGWICandidates,inclusiveinrelationtotheindependencecriteriaprovidedforin“NovoMercado”RulesandrequestedGWItomanifestitselfifthiswerenotthecase.Uptodate,theCompanydidnotreceiveanycontrarymanifestationfromGWI.

9

12.7/12.8Compositionofstatutorycommitteesandaudit,financialandcompensationcommittee:

name typeofCommittee Positionheld Profession dateofelection

termofoffice

%ofattendanceatmeetings

CPF descriptionofothercommittees

descriptionofotherpositionsheld

birthdate dateofinvestiture

no.ofconsecutivetermsofoffice

--

otherpositions/dutiesheldattheissuerProfessionalexperience/declarationofanyconviction/independenceCriteria

auditCommitteekarensanchezguimarães AuditCommittee Member of Committee

(SittingMember)Attorney 05/11/2018 05/11/2020 100.00%

324.302.698-99 03/22/1984 05/11/2018 1 IndependentMemberoftheBoardofDirectorsFordescriptionofprofessionalexperience,declarationofanyconvictionandindependencecriteria,seeinformationinitem12.5/6above

CoRPoRategoVeRnanCeandComPensationCommitteeanamarialoureiroRecart OtherCommittees Member of Committee

(SittingMember)Attorney 05/11/2018 05/11/2020 100.00%


06/04/1973 05/11/2018 1

IndependentMemberoftheBoardofDirectorsFordescriptionofprofessionalexperience,declarationofanyconvictionandindependencecriteria,seeinformationinitem12.5/6aboveofthereferenceform

10

12.9eXistenCeoFmaRitalRelationshiP,Common-lawmaRRiageoRkinshiPuPtoseConddegReeReFeRRingtomanagementoFissueRs,subsidiaRiesandContRollingshaReholdeRs:

Thesinglemaritalrelationship,common-lawmarriageorkinshipuptoseconddegreeinformedbyGWIbetweenitscandidatesreferstoMr.ThiagoHiJoonYou,candidatetotheBoardofDirectors,sonofMr.MuHakYou,alsocandidatetotheBoardofDirectors.

This itemshall not apply to controlling shareholders, since the Company’s capital is widespreadandthere are nocontrollingshareholders.

12.10 suboRdination Relations, seRViCe RendeRing oR ContRol among management and subsidiaRies, ContRollingshaReholdeRsandotheR:

TheCompanyinformedtoGWI,sinceGWIdidnotexpressitsopiniononthismatter,theCompanywouldassumethereisnosubordinationrelationorcontrol amongGWIcandidatesand(i) theCompany’s direct orindirect subsidiaries or(ii) supplier,customer, debtor or creditor of the Company, its subsidiary or subsidiaries of any of these persons, and requested GWI tomanifestitselfifthiswerenotthecase.Uptodate,theCompanydidnotreceiveanycontrarymanifestationfromGWI.Thisitemshallnotapplytocontrollingshareholders,sincetheCompany’scapitaliswidespreadandtherearenocontrollingshareholders.

******

11

appendixiii–RemoteVotingForm

(Appendix21-FofICVM481)

ExtraordinaryShareholders’MeetingtobeheldonSeptember25,2018

Lastupdate:08/14/2018

DISTANCEVOTINGBALLOT

ExtraordinaryGeneralMeeting(EGM)-GAFISAS.A.tobeheldon09/25/2018Shareholder'sName

Shareholder'sCNPJorCPF

E-mail

InstructionsonhowtocastyourvoteThisBulletinofDistanceVoting(theBulletin),referringtotheextraordinarygeneralmeetingofGafisaSA(Company),tobeheldonfirstcallonSeptember25,2018,at10:30am,mustbefillediniftheshareholderchoosestoexercisehis/herdistancevotingrights,pursuanttoarticle121,soleparagraph,ofLaw6,404/1976(theCorporateLaw)andCVMInstruction481/2009(theICVM481).Todoso,itisimperativethattheshareholderfillintheabovefieldswiththeirfullname(orcorporatename,iflegalentity)andregistrationnumberwiththeMinistryofFinance,eitherintheCNPJorintheCPF.Fillingintheemailaddressisrecommended,althoughitisnotrequired.InorderforthisBulletintobeconsideredvalidandthevotescastthereonbecountedaspartofthequorumofthegeneralmeeting,(i)allthefieldsbelowmustbedulyfilledout;(ii)allofitspagesmustbeinitialedbytheshareholder;and(iii)attheend,theshareholder(oritslegalrepresentative,asthecasemaybe)shallsignit.

Instructionsforsendingyourballot,indicatingthedeliveryprocessbysendingitdirectlytotheCompanyorthroughaqualifiedserviceproviderTheshareholderwhoelectstoexercisehis/herdistancevotingrightmay(i)filloutthisBulletinandsenditdirectlytotheCompany;or(ii)transmitvotinginstructionstoqualifiedserviceproviders(pursuanttoArticle21-B,itemII,ofICVM481),subjecttothefollowingguidelines:

EXERCISEOFVOTINGBYSERVICEPROVIDERSTheshareholderwhoelectstoexercisehis/herdistancevotingrightthroughserviceproviders(pursuanttoarticle21-B,itemII,ofICVM481)musttransmithisvotinginstructionstohisrespectivecustodians,observingitsprocedures,whichshall,inturn,forwardsuchvotinginstructionstotheCentralDepositoryofB3SA-Brasil,Bolsa,Balcão(theB3).Tothisend,shareholdersshouldcontacttheircustodiansandverifytheproceduresestablishedbythemforissuingvotinginstructionsthroughabulletin,aswellasthedocumentsandinformationrequiredbythem.

SUBMISSIONOFTHENEWSLETTERBYTHESHAREHOLDERDIRECTLYTOTHECOMPANYTheshareholderwhoelectstoexercisehis/herdistancevotingright,bysendingthisBulletindirectlytotheCompany,shallsendthefollowingdocumentstotheCompanysheadoffice,attheaddressindicatedbelow:(i)PrintedcopyofthisBulletin,dulycompleted,initialedandsigned;and(ii)Authenticatedcopyofthefollowingdocuments:(a)ForBrazilianCitizens:photoID.(b)Forlegalentities:(1)thelastconsolidatedbylawsorarticlesofincorporationandthecorporatedocumentsprovingthelegalrepresentationoftheshareholder;and(2)identitydocumentwithphotooflegalrepresentative.(c)ForInvestmentFunds:(1)thelatestconsolidatedregulationofthefund;(2)statusorbylawsofitsadministratorormanager,asthecasemaybe,subjecttothevotingpolicyofthefundandcorporatedocumentsprovingthepowersofrepresentation;and(3)identitydocumentwithphotooflegalrepresentative.ThisBulletin,accompaniedbytherequireddocumentation,shallbeconsideredvalidonlyifreceivedbytheCompany,infullorder,untilSeptember19,2018.BulletinsreceivedbytheCompanyafterthisdatewillbedisregarded.

Postalande-mailaddresstosendthedistancevotingballot,iftheshareholderchoosestodeliverthedocumentdirectlytothecompanyThisBulletinandrelateddocumentsmustbesenttoAv.NaçõesUnidas,nº8501,19thfloor,Pinheiros,SãoPaulo/SP,CEP05425-070,totheattentionoftheInvestorRelationsDepartment.

Indicationoftheinstitutionhiredbythecompanytoprovidetheregistrarserviceofsecurities,withname,physicalandelectronicaddress,contactpersonandphonenumberItaúUnibancoS.A.Address:Av.BrigadeiroFariaLima3,500,3rdfloor,CEP04538-132,cityandStateofSãoPauloEmail:[email protected]:3003-9285(capitalsandmetropolitanareas)/08007209285(otherlocations)BusinessHours:BusinessDaysfrom9a.m.to6p.m.

ResolutionsconcerningtheExtraordinaryGeneralMeeting(EGM)SimpleResolution1.RemovefromofficeallmembersoftheBoardofDirectors

DISTANCEVOTINGBALLOT

ExtraordinaryGeneralMeeting(EGM)-GAFISAS.A.tobeheldon09/25/2018 []Approve[]Reject[]AbstainSimpleResolution2.DefinethenumberofmembersthatwillcomposetheBoardofDirectorsinseven[]Approve[]Reject[]AbstainElectionoftheboardofdirectorsbycandidate-Multiplevotingonly3.Incaseofadoptionoftheelectionbymultiplevotes,shouldthevotescorrespondingtoyoursharesbedistributedtothecandidatesindicatedbelowinequalpercentages[]Yes[]No[]Abstain4.Listofallthecandidatestoindicatethepercentage(%)ofthevotestobeattributedCandidatodaAdministração:OdairGarciaSenra[]%CandidatodaAdministração:TomásRochaAwad[]%CandidatodaAdministração:EricAlexandreAlencar[]%CandidatodaAdministração:GuilhermeVilazanteCastro[]%CandidatodaAdministração:RodolphoAmboss[]%CandidatodaAdministração:FranciscoVidalLuna[]%CandidatodaAdministração:CarlosTonanni[]%CandidatodaGWI:SandraFayBeatriceFaber[]%CandidatodaGWI:PedroCarvalhodeMello[]%CandidatodaGWI:ThiagoHiJoonYou[]%CandidatodaGWI:MuHakYou[]%CandidatodaGWI:RogérioYujiTsukamoto[]%CandidatodaGWI:KarenSanchezGuimarães[]%CandidatodaGWI:AnaMariaLoureiroRecart[]% City:__________________________________________________________________________ Date:__________________________________________________________________________ Signature:_____________________________________________________________________ Shareholder'sName:____________________________________________________________ PhoneNumber:__________________________________________________________________

12

appendixiV–informationonPublicRequestforProxyauthorization

(Appendix23ofICVM481)


1.Companyname.

GafisaS.A.(“Company”)

2.mattertowhichtheproxyhasbeenrequested.

Theproxyis requestedtovote thematter ontheagenda, publishedthroughthecall notice releasedonAugust 14, 2018, toresolveonthefollowingagenda:

(i)RemovefromofficeallmembersoftheBoardofDirectors;

(ii)DefinethenumberofmemberstocomposetheBoardofDirectors;and

(iii)ElectthenewmemberstocomposetheBoardofDirectors.

3. individuals or legal entities which promoted, organized or bore the expenses of the proxy request, even if partially,informing:(a)nameandaddress;(b)sincewhenisthecompany’sshareholder;c.numberandpercentageofsharesofeachtypeandclassheldthereby;(d)numberofsharesborrowed;(e)totalexposuretothecompany’sderivativesecurities;and(f) corporate, business or family relations existing or maintained over the last three years with the company or relatedparties,aslaiddownbyaccountingstandardsdealingwiththisissue.

TherequestwasorganizedbyManagementandsupportedbytheCompany,whoseaddressisAv.NaçõesUnidas,nº8501,19ºandar,Pinheiros,SãoPaulo/SP,CEP05425-070.Otherinformationrequestedshallnotapply.

4. inform if any of the persons mentioned in item 3, as well as any of their controlling shareholders, subsidiaries orcompaniesundercommoncontrolorassociatedcompanieshavespecial interest intheapprovalofthematterstowhichtheproxyhasbeenrequested,describingindetailthenatureandtheextensionofsuchinterest.

NotApplicable.

5.informthecostestimatedfortheproxyrequest.

TheCompanyestimatesthatthecostforthispublicrequestforproxyauthorizationshalltotalapproximatelyR$2,000.00.

6.informif:(a)thecompanyhasbornetheexpensesoftheproxyrequest;or(b)ifitsauthorswillrequestreimbursementtothecompany.

TheCompanywillbeartheexpensesofthisproxyrequest.

7. inform: (a) the address to whichthe proxyshall be sent after signature; or (b) if the companyaccepts proxies via theworldwideweb,theinstructionstogranttheproxy.

ProxiesshallbedeliveredinattentionofInvestorRelationsDepartment,atAv.NaçõesUnidas,8.501,19ºAndar,SãoPaulo,SP,CEPnº05425-070,untilSeptember23,2018.

Incaseoflegalentityshareholder,proxyshallbeaccompaniedbyacopyofitscharter/bylawsandothercorporatedocuments

evidencingthesignatories’powers,besidesacopyofrelatedsignatory’sidentitycard.

Incaseofindividualshareholder,proxyshallbeaccompaniedbyacopyofrespectivepersonaldocuments.

In case of investment fund shareholder, proxy shall be accompanied by a certified copy of the fund’s recent consolidatedregulationsandbylawsorcharterofitsAdministratorormanager,asauthorizedbyArticle78,Paragraph3,itemII,ofCVMInstruction No. 555/14, provided that the fund’s voting policy is observed, besides the corporate documents grantingrepresentationpowers(minutesof electionof officers, instrument(s) of investitureand/orproxy) andacopyof theidentitycardwithphotooflegalrepresentative.

TheCompanyshallnotrequirethesignatureauthenticationand/ornotarization/consularizationofproxyinstrumentsgrantedbyshareholderstotheirrepresentatives.

ThereisnoplatformontheWorldWideWebtoreceiveproxies.

13

appendixV–Proxyinstructionsandtemplate

(Article24ofICVM481)


ToassureasuccessfulExtraordinaryShareholders’Meeting,aswellasaimingatguaranteeingandenablingtheattendanceofitsshareholders,theCompanymakesavailabletothosewhowillnotbeabletopersonallyattendthemeetingorthosewhodonothaveconditionstoappointanattorney-in-fact,pursuanttoArticle126,Paragraph1,ofLawNo.6.404/76,thenameofthreeoftheir attorneys, listed below, pursuant to Article 24 of ICVM 481, who may represent them in accordance with the votinginstructionintendedbyshareholder.

1)TovoteFoRtheresolutionsmentionedintheagenda:

· JaninemariaCorrêaPupo,Brazilian,single,lawyer,beareroftheIDn.18.178.312-5SSP/SP,enrolledinthetaxpayer’sregister(CPF/MF)undern.112.003.818-90andOAB/SPundern.126.502,domiciliatedinthecityandstateofSãoPaulo,withcommercialaddressatAv.NaçõesUnidas8501-19ºfloor,SãoPaulo–SP.

2)Tovoteagainsttheresolutionsmentionedintheagenda:

· adrianabelinemaran , Brazilian, single, lawyer, bearer of the ID n. 20.388.665 SSP/SP, enrolled in the taxpayer’sregister(CPF/MF)undern.269.188.598-46andOAB/SPundern.198.906,domiciliatedinthecityandstateofSãoPaulo,withcommercialaddressatAv.NaçõesUnidas8501-19ºfloor,SãoPaulo–SP.

3)Toabstaininresolutionsmentionedintheagenda:

· letícia nunes martins souza , Brazilian, married, lawyer, bearer of the ID n. 8.882.265 SSP/MG, enrolled in thetaxpayer’sregister(CPF/MF)undern.036.712.696-69andOAB/MGundern.88.900,domiciliatedinthecityandstateofSãoPaulo,withcommercialaddressatAv.NaçõesUnidas8501-19ºfloor,SãoPaulo–SP.

ProxiesshallbedeliveredinattentionofInvestorRelationsDepartment,atAv.NaçõesUnidas,8.501,19ºAndar,SãoPaulo,SP,CEPnº05425-070,untilSeptember23,2018.

PRoXytemPlate

PRoXy

[SHAREHOLDER],[QUALIFICATION](“grantor”),inthecapacityofshareholderofGafisaS.A.(“gafisa”),appointsandempowersashisattorneys-in-fact:

Janine maria Corrêa Pupo , Brazilian, single, lawyer, bearer of the ID n. 18.178.312-5 SSP/SP, enrolled in the taxpayer’sregister(CPF/MF)undern.112.003.818-90andOAB/SPundern.126.502,domiciliatedinthecityandstateofSãoPaulo,withcommercial address at Av. Nações Unidas 8501 - 19º floor, São Paulo – SP, to vote FoR the resolution mentioned in theagenda,inaccordancewithexpressinstructiongivenbelowbyGrantor;

adriana beline maran , Brazilian, single, lawyer, bearer of the ID n. 20.388.665 SSP/SP, enrolled in the taxpayer’s register(CPF/MF) under n. 269.188.598-46 and OAB/SP under n. 198.906, domiciliated in the city and state of São Paulo, withcommercialaddressatAv.NaçõesUnidas8501-19ºfloor,SãoPaulo–SP,tovoteagainsttheresolutionmentionedintheagenda,inaccordancewithexpressinstructiongivenbelowbyGrantor;

letícianunesmartinssouza , Brazilian, married, lawyer, bearer of theIDn. 8.882.265 SSP/MG, enrolledin thetaxpayer’sregister(CPF/MF)undern.036.712.696-69andOAB/MGundern.88.900,domiciliatedinthecityandstateofSãoPaulo,withcommercial addressatAv.NaçõesUnidas8501-19ºfloor,SãoPaulo–SP,toabstainintheresolutionmentionedintheagenda,inaccordancewithexpressinstructiongivenbelowbyGrantor;

Granting them powers to attend, analyze, discuss and vote, on behalf of Grantor, at Gafisa’s Extraordinary Shareholders’MeetingtobeheldinfirstcallonSeptember25,2018at10:30a.m.,atitsheadquartersintheCityandStateofSãoPauloatAvenidadasNaçõesUnidas,8.501,19ºandar,inaccordancewithinstructionsbelow,onthematteroftheagenda.

agenda:

(i)Removefromofficeallmembersoftheboardofdirectors:

[]Approve []Reject []Abstain

In the assumption the majority attendees of the Meeting vote to “Reject” this resolution, other items of this proxy shall beharmed.

(ii)definethenumberofmemberstocomposetheboardofdirectors.

Ifapprovedthenumberof7memberstocomposetheBoardofDirectors:

[]Approve []Reject []Abstain

(iii)electthenewmemberstocomposetheboardofdirectors.

Inviewofshareholders’request,themultiplevotingprocessshallbeadoptedattheMeetingtoelectthenewmembersoftheBoardofDirectors.

slatenominatedbymanagement

Candidate Percentage of votes cast to candidate

(a)OdairGarciaSenra;

(b)TomásRochaAwad;

(c)EricAlexandreAlencar;

(d)GuilhermeVilazanteCastro;

(e)RodolphoAmboss;

(f)FranciscoVidalLuna;and

(g)CarlosTonanni.

slatenominatedbygwi

Candidate Percentage of votes cast to candidate

(a)SandraFayBeatriceFaber;

(b)PedroCarvalhodeMello;

(c)ThiagoHiJoonYou;

(d)MuHakYou;

(e)RogérioYujiTsukamoto;

(f)KarenSanchezGuimarães;and

(g)AnaMariaLoureiroRecart

IfyouwanttoabstainintheelectionoftheBoardofDirectors,indicateasfollows:

[]Abstain

Forthepurposesofthisproxy,GranteeshallhavelimitedpowerstoattendtheExtraordinaryShareholders’Meetingandcastvote in compliance with voting instruction given above, and Grantee may also sign, on behalf of Grantor, all and anydocumentdeemednecessaryreferringtothisExtraordinaryShareholders’Meeting,forinstance,theshareholders’attendancebook,andtherespectiveminutesofthemeetingintheCompany’srecords,neitherbeingentitlednorhavingtheobligationtotakeanyothermeasureswhicharenotnecessarytocomplywiththisproxyinstrument.

Grantee is authorized to abstain in any resolution or matter to which he(she) has not received, at his/her discretion,sufficientlyspecificvotinginstructions.

This proxy shall be valid until the closure and conclusion of administrative procedures of the Meeting to which it wasgranted,whetherinfirstorsecondcall,regardlessofthedatetooccurtheinstatementofsecondcallnotice.

[City],[Month][Day],2018.

__________________________________________

Grantor

By:[Name]

[Title]

14

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on itsbehalf by the undersigned, thereunto duly authorized.Date: August 15, 2018

Gafisa S.A.

By: /s/ Sandro Gamba

Name: Sandro GambaTitle: Chief Executive Officer

gafisa s.a.d18rn0p25nwr6d.cloudfront.net/cik-0001389207/1b422... · são paulo, sp, 05425- 070...

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